Business Line

Those hoping that Hindenburg's allegations against the SEBI Chief would trigger a correction were fated to be disappointed last week. Brushing off the report right from the word go, markets managed to hang on and close the week on a strong note. It is a bit ironic that, even as commentators were writing columns about retail investors losing their faith in the markets and the system, actual retail investors carried on business-as-usual. While the Hindenburg saga may not have had material implications for the market, the weak earnings show from India Inc certainly does.

HC refuses to quash proceedings against six for disrespecting national flag

Business Standard

The Allahabad High Court has refused to quash criminal proceedings against six people accused of carrying a tricolour with Quranic verses during a religious procession, saying such incidents could be exploited by those who seek to create communal discord. Dismissing the petition filed by Gulamuddin and five others, Justice Vinod Diwakar said the act was punishable under the Flag Code of India, 2002, and there was a violation of the Prevention of Insults of National Honour Act, 1971. Stressing that the tricolour symbolises unity and diversity of the nation, transcending religious, ethnic and cultural differences, the court observed, "It is a unifying emblem representing the collective identity and sovereignty of India. Act of disrespect towards the 'tiranga' can have far-reaching social cultural implications, particularly in a diverse society like India." Such incidents could be exploited by those who seek to create communal discord or fuel misunderstandings between different...

Reducing post-harvest losses: Budget focuses on improved infrastructure for crops growers

Business Line

Amajor portion of the Budget's funds are directed towards improving production, storage, and marketing