Stock market crash
Both the Sensex and Nifty crashed today amid fears of recession, uncertainty over rate cuts, geopolitical tensions, and high valuations in the Indian market. 

Sensex & Nifty crash, Sheikh Hasina flees from Bangladesh & more

Union Law Minister Arjun Ram Meghwal on Saturday pitched for institutional arbitration, saying it was part of Indian culture after the ONGC chairman urged making arbitration proceedings timely and not "timeless".
The government has been pushing for institutional arbitration instead of ad hoc arbitration asserting it is efficient and more result oriented.
The industry on the other hand feels arbitration in India is slow, inefficient and plagued with red tape.
Singapore, London and Dubai have emerged as hubs of international arbitration to settle high stakes, high value commercial disputes.
Addressing a conference on institutional arbitration here, the minister also said that organisations should be ready to be flexible and rigid, depending on the need of the hour, to ensure that its interests remain protected and it contributes towards nation building.
Meghwal felt that officers should be willing to take risk and not follow the beaten track to ensure financial interests of their ..

Singapore, London and Dubai have emerged as hubs of international arbitration to settle high stakes, high value commercial disputes

The case was filed based on a written complaint by IDBI Bank Ltd; the CBI conducted searches at five official and residential premises linked to the accused in Noida and Ghaziabad

Generative AI chatbots are diving into conspiracy theories and promoting bizarre, mystical beliefs. For some users, these interactions with the technology can seriously distort their sense of reality

IBM India's AI head says most Gen AI projects fail due to weak data foundations and suggests a phased approach to unlock RoI within 18-24 months

Jammu and Kashmir Lieutenant Governor Manoj Sinha on Saturday said the government's goal is to make every farmer in the Union Territory a proud stakeholder in India's journey towards becoming a Viksit Bharat by 2047.
Addressing the closing Ceremony of Viksit Krishi Sankalp Abhiyan at SKUAST Kashmir's Mountain Research Centre for Field Crops at Khudwani-Kulgam in south Kashmir, Sinha said it is a comprehensive strategy, designed to make J&K UT a robust Rs 1 trillion agricultural economy by 2030.
In his address, the Lieutenant Governor lauded the valuable contribution of those associated with the Viksit Krishi Sankalp Abhiyan for marking a transformative step, through this initiative, toward building a resilient, modern, and prosperous agricultural landscape in the Union Territory.
"Let us walk together towards a future where every field blooms with prosperity, every farmer thrives with dignity and every village becomes a symbol of development. With Sankalp (resolve) comes Shakti ...

In his address, the Lieutenant Governor lauded the valuable contribution of those associated with the Viksit Krishi Sankalp Abhiyan for marking a transformative step

The BCCI Apex Council on Saturday formed a three-member committee headed by its secretary Devajit Saikia to formulate guidelines aimed at preventing incidents like the recent Bengaluru stampede during the victory celebrations of Royal Challengers Bengaluru.
Apart from Saikia, the Board's vice-president Rajeev Shukla and treasurer Prabhtej Singh Bhatia are the other members of the committee which will formulate the guidelines within 15 days.
In light of the incident that occurred during the victory celebrations in Bengaluru, the Apex Council has decided to constitute a committee to formulate comprehensive guidelines aimed at preventing such occurrences in the future, the BCCI said in a media statement.
On June 4, 11 fans died and 56 others injured due to the stampede as nearly 2.5 lakh people thronged the city centre near M Chinnaswamy stadium to take part in a fan engagement programme organised by RCB.
The Karnataka High Court had also formed a single judge (retired) commission to

Apart from Saikia, the Board's vice-president Rajeev Shukla and treasurer Prabhtej Singh Bhatia are the other members of the committee which will formulate the guidelines within 15 days

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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Sensex & Nifty crash, Sheikh Hasina flees from Bangladesh & more

Stock market crash Both the Sensex and Nifty crashed today amid fears of recession, uncertainty over rate cuts, geopolitical tensions, and high valuations in the Indian market.

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