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Indian stock markets experienced a significant rally this morning, with the BSE Sensex soaring approximately 1,200 points to open at 80,193.47, following a decisive victory for the BJP-led NDA in Maharashtra's assembly elections. The Nifty 50 index also saw gains, rising over 346.30 points to reach 24,253.55. All major sectors recorded increases, with small- and mid-cap stocks climbing around 2%. Notably, shares of the Adani Group rebounded after a recent sell-off linked to allegations of a $250 million bribery scheme, which the conglomerate has firmly denied. The Sensex and Nifty had already posted their best performance since early June on Friday, with the BSE index rising 1,961.32 points. Meanwhile, Asian markets showed mixed results, with Seoul and Tokyo trading higher, while Shanghai and Hong Kong experienced declines. 
Published: Nov 25 2024, 9 ameznews.inA violent altercation erupted between shopkeepers in Auraiya, Uttar Pradesh, over the placement of goods outside a store, leading to a chaotic scene captured on video that has since gone viral. The clash, which took place near Bhole Mandir, involved two men rolling on the ground and exchanging blows, while others joined in, resulting in torn shirts and the use of sticks as weapons. Alok Kumar Mishra, the Additional Police Superintendent, confirmed that the dispute began between Anil Kumar and his neighbours—Pawan Kumar, Sunny, and Lucky—and escalated despite bystander attempts to intervene. Anil Kumar has since filed a complaint, resulting in a case registered against the three men, with Lucky facing juvenile law due to his age. This incident recalls a similar brawl in 2021 between chaat sellers in Baghpat, which also gained significant online attention.
Published: Nov 25 2024, 12 pmeznews.inMaharashtra Deputy Chief Minister Ajit Pawar humorously suggested to his nephew, Rohit Pawar, that his victory in the recent assembly elections would have been more challenging had he campaigned in Rohit's Karjat Jamkhed constituency. Rohit retained his seat by a narrow margin of 1,243 votes against BJP's Ram Shinde. The two met during a memorial visit for the state's first chief minister, Y B Chavan, where Ajit congratulated Rohit, acknowledging the close race. Despite their political differences, Rohit regards Ajit as a "father figure," crediting him with significant support during the 2019 elections. In the recent polls, Ajit's faction of the NCP secured 41 seats, while the NCP (SP) led by Sharad Pawar managed only 10. Ajit won his Baramati seat by over one lakh votes, following a split in the NCP after he joined the Eknath Shinde-BJP government.
Published: Nov 25 2024, 11 ameznews.inSambhal, Uttar Pradesh, is experiencing heightened tensions following violent clashes that resulted in four fatalities amid a controversial survey of the Jama Masjid. Senior Congress leaders Rahul Gandhi and Priyanka Gandhi Vadra have condemned the Yogi Adityanath government for its perceived bias and hasty actions, urging the Supreme Court to intervene in the matter. The unrest erupted after a local court ordered the mosque survey, prompted by claims that a temple existed on the site prior to its destruction by Babur. As the survey commenced, protests escalated into clashes with police, who had to use force to restore order. District Magistrate Rajendra Pesia reported that seven cases have been filed against approximately 400 individuals. The Samajwadi Party accused the government of inciting chaos to distract from electoral issues, while Rahul Gandhi called for peace, attributing blame for the violence to the BJP's divisive tactics.
Published: Nov 25 2024, 11 ameznews.inIn a significant operation, the Indian Coast Guard has seized approximately five tonnes of drugs from a fishing boat in the Andaman Sea, marking what officials suggest could be the largest drug haul in the agency's history. Defence officials confirmed the seizure, highlighting the scale of the operation and its implications for combating drug trafficking in the region. The details surrounding the operation are still emerging, with further information expected to be released soon. This seizure underscores the ongoing challenges faced by authorities in curbing the flow of illegal drugs into India.
Published: Nov 25 2024, 10 ameznews.inThe Adani Group has reported impressive financial results for H1 FY25, showcasing a resilient asset base of USD 60 billion, up USD 9 billion from the previous period, with a modest increase in gross debt of USD 2 billion. The group's Trailing-Twelve-Month (TTM) EBITDA rose 17% year-on-year to USD 10 billion, while funds from operations (FFO) reached USD 7 billion, reflecting over 30% annual growth for five consecutive years. The net debt-to-EBITDA ratio stood at a healthy 2.46x, well within the group's target range, and liquidity remains strong, covering all debt obligations for the next year. Core infrastructure sectors, including energy and transport, contributed significantly to performance, with emerging sectors like green energy and airports experiencing substantial growth. The group aims to invest USD 100 billion over the next decade, reinforcing its strategic long-term vision. Cash reserves amounted to INR 53,024 crore, ensuring liquidity for 28 months of debt servicing.
Published: Nov 25 2024, 9 ameznews.inNana Patole has resigned as the Maharashtra Congress chief following a disastrous performance in the recent Assembly elections, where the party secured only 16 out of 103 contested seats. Patole, who narrowly won his own seat in Sakoli by just 208 votes, had taken over the leadership in 2021. Although the Congress had a strong showing in the Lok Sabha elections earlier this year, the party's seat-sharing negotiations with allies Shiv Sena (UBT) and NCP (Sharad Pawar) created tensions. Despite Patole's assertions that the Congress would lead the post-election government, the alliance, Maha Vikas Aghadi, failed to gain traction, falling below the 50-seat mark as the BJP-led Mahayuti dominated with 232 seats. Congress general secretary Jairam Ramesh described the results as "unexpected" and "inexplicable," indicating that the party would conduct a thorough analysis of its electoral performance.
Published: Nov 25 2024, 10 ameznews.inIn a bizarre turn of events during a wedding in Meerut, Uttar Pradesh, a groom found himself in a dramatic chase after a man in a mini-truck snatched a garland of money from him. The incident unfolded on NH 58 as the groom, dressed in a grey suit and red turban, was riding a horse during the procession. Captured in a viral video, the groom quickly hopped onto a passerby’s bike to pursue the thief. He managed to reach the mini-truck, entering through the window to confront the driver. The situation escalated as the groom, aided by wedding guests, physically assaulted the driver, who pleaded innocence, claiming he had "mistakenly" taken the garland. Despite the chaos, no official complaint has been filed regarding the incident.
Published: Nov 25 2024, 10 ameznews.inPrime Minister Narendra Modi launched a strong critique of the Congress party ahead of the winter session of Parliament, asserting that those repeatedly rejected by voters are undermining both Parliament and democracy. Speaking to the media, Modi expressed hope for productive discussions during the session, which runs until December 20. He condemned what he described as "hooliganism" by a minority trying to disrupt parliamentary proceedings for their political gain, emphasizing that the actions of such individuals are noted by the electorate. The session is significant as it marks the 75th anniversary of the Constitution's adoption. Among the key legislative items on the agenda are the 'One Nation One Election' bill, the Waqf Amendment Bill, and proposed amendments to the Disaster Management, Banking Laws, and Railway Act. Modi reiterated the government's commitment to advancing the "One Nation One Election" initiative.
Published: Nov 25 2024, 10 ameznews.inThe NTPC Green Energy IPO allotment is set to be finalised on November 25, 2024, after attracting significant investor interest, with bids for 1.43 billion shares against 593 million available, resulting in a 2.42 times subscription rate. Retail investors oversubscribed by 3.44 times, while Qualified Institutional Buyers (QIBs) exceeded their allocation by 3.32 times. However, Non-Institutional Investors (NIIs) only achieved 81% of their quota. The IPO is priced between Rs 102 and Rs 108 per share and aims to raise Rs 10,000 crore, with proceeds directed towards NTPC Renewable Energy Limited and debt repayment. The listing is anticipated on both BSE and NSE on November 27, 2024. Investors can check their allotment status online via the BSE, NSE, or Kfin Technologies websites using their application number or PAN details.
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