The Union Cabinet has greenlit infrastructure and policy measures worth Rs 12,236 crore, including major railway projects, the construction of a new terminal at Srinagar airport, and an extension of the Ahmedabad Metro. They have also approved power sector reforms and increased the Minimum Support Price (MSP) for raw jute. Another notable decision was the proposal to rename Kerala as Keralam.
As the National Stock Exchange (NSE) prepares for an IPO, it seeks to resolve a long-standing predatory pricing issue. Meanwhile, the Indian IPO landscape reveals that only 35 out of 198 IPOs over the past two years have been successful, highlighting tough market conditions.
In the corporate world, Britannia is experiencing growth powered by “forgotten brands” amidst a downturn in the Fast-Moving Consumer Goods (FMCG) sector. Marico stock has reached new highs, sparking debate on whether to buy or sell.
Elsewhere, Prime Minister Benjamin Netanyahu has emphasized India’s vital role in a new geopolitical alliance ahead of PM Narendra Modi’s visit to Israel. IDFC First Bank faces turmoil following a fraud incident, prompting a significant stock fall. The aviation sector saw a setback as a Redbird Airways Beechcraft C90 air ambulance crashed in Chatra. In Goa, protests against Section 39A of the TCP Act are intensifying, reflecting growing civil unrest.