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    Economic cracks are getting exposed in the 2024 market bounty

    Dispiriting trends that have been visible for months now alongside the frenzy for megacap tech stocks and private credit – are on display yet again. Companies with dicey balance sheets have underperformed anew in June. Equal-weighted stock benchmarks where disruptive AI market leaders have the same weighting as industrial bellwethers have lagged yet again.

    SEBI cracks down on finfluencers, streamlines voluntary delisting process

    In a significant move, the regulator approved a fixed price process for voluntary delisting, offering companies an alternative to the existing reverse book-building mechanism. Sebi chief Madhabi Puri Buch emphasised that unregulated entities providing market-related advice are acting unlawfully. The regulator also introduced a new delisting framework for investment holding companies, with the fixed price set at a 15% premium over the floor price. Additionally, SEBI granted exemptions to certain UNI funds from the beneficial ownership rule.

    Homes develop cracks in Srinagar's Rainawari due to land subsidence

    The area was hit by land subsidence in 1999-2000, after which a case study was done by a team of experts led by Bikram Singh Bali from the Department of Earth Sciences at the University of Kashmir.

    Atal Setu cracks: MMRDA expects repair work to be completed by evening

    The repair work by the Mumbai Metropolitan Region Development Authority (MMRDA) is underway on the approach road connecting Atal Setu in Maharashtra's Mumbai.. Project Head Kailash Gantra said that the repair work will be completed by this evening.

    Cracks on Mumbai's Atal Setu? Congress alleges corruption, BJP fires back

    Named in tribute to former Prime Minister Atal Bihari Vajpayee, the bridge's construction quality has now been called into question by the emergence of these defects. "I inspected this bridge with my colleagues to expose the corrupt practices of the government as part of the Congress party agitation. The matter is very serious and we demand that the Hon'ble High Court should take immediate notice and investigate the matter," Maharashtra Congress chief Patole said.

    Sarkari babus don't be late to office or you'll lose attendance; Centre cracks whip on latecomers

    The Centre's DoPT mandates biometric attendance by 9:15 AM, allowing a 15-minute delay with half-day leave deduction for latecomers. The directive enforces punctuality and advance notice, addressing concerns post-Covid-19 outbreak.

    The Economic Times
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