CBI Arrests Senior Professor from North Eastern Hill University🏫

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CBI Arrests Senior NEHU Professor on ₹3.43 Lakh Bribery Charges🚨 Who Was Arrested? 🔍 The Central Bureau of Investigation (CBI) has arrested Dr. Nirmalendu Saha, a senior professor in the Department of Zoology and Dean of the School of Life Sciences at the crisis-hit North Eastern Hill University (NEHU). Also arrested was Pranjal Sharma, a Guwahati-based proprietor of a supply firm. How Did It Happen?📅  According to an official statement by the CBI, a case was registered on June 11 after credible information indicated that Sharma was involved in corrupt practices in collusion with Dr. Saha and others. The professor allegedly accepted bribes in exchange for awarding supply contracts for scientific equipment and laboratory materials, and for facilitating the clearance of related bills. Caught Red-Handed🚨 Both individuals were caught during a CBI trap operation at the Gauhati University guest house ...
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Nifty's 7-month high on tariff hope, conflict end

 

MUMBAI: India's benchmark Nifty 50 index surged past the key 25,000 mark on Thursday, notching its highest close in seven months, amid signs of eas-ing geopolitical tensions. The rally coincided with the weekly derivatives expiry, pushing vol-ume turnover on the National Stock Exchange to 21.28 lakh crore-the highest since March 27s 1.5 akh crore mark.

Besides, short-covering got a lift after US President Donald Trump said India had offered a "zero-tariff trade deal for Amer ican goods. However, after mar ket hours, India dismissed Trump's claim, with external affairs minister S. Jaishankar clarifying that trade talks with the US were still ongoing and "complicated".

On Thursday, FIls net pur chased Indian equities worth 25.393 crore while domestic institutional investors net sold shares worth 1,668 crore, provi-sional data showed. Adding to the market buzz, MSCI India's upcoming index rejig on May 30 likely prompted mutual funds and exchange-traded funds (ETFs) tracking the index to begin realigning their portfolios.

According to Abhilash Pagaria, head of Nuvama Alter native & Quantitative Research, According to Abhilash Pagaria, head of Nuvama Alter native & Quantitative Research, "India continues to hold its position as the second-largest country weight in the MSCI EM (emerging market) index, main taining a weight close to 19.5%. With the latest changes, the stock count will rise from 157 to 159," he said.

On Thursday, Nifty 50 jumped 1.6% to settle at 25,062.10 points, the highest since it reached 25,127.95 on October 14, 2024. The S&P BSE Sensex climbed 1.5% to close the day at 82,530.74 points, the highest since 82.497.1 on October 3.

Thursday belonged to the large-caps, which outshone their mid-and small-cap peers. The Nifty Midcap 100 edged up just 0.7% and the Nifty Smallcap 250 managed a modest 0.8% gain.
Irrespective of geopolitical developments, investors need to focus on "fundamentals like eco-nomic growth, where India stands out among major econo-mies, a falling interest rate regime, lower oil prices, and atively robust earnings, to name only a few", said Sunil Singhania, founder of Abakkus Asset Man ager.
Sandeep Bagla, chief execu tive officer of Trust Mutual Fund, said while the worst of geopoliti cal tensions may have eased, vol-atility could still remain elevated in the near future.

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