A Sebi-formed committee has proposed classifying the Sebi chairman and whole-time members as 'insiders' under insider trading rules. This move aims to prevent them from trading on price-sensitive information, aligning Sebi with global regulatory practices and addressing past conflict-of-interest concerns.
Billionbrains Garage Ventures, the parent of broking firm Groww, made a strong debut on the stock market. The company's shares listed at a premium, surpassing initial expectations. The IPO saw significant subscription across investor categories. Groww's market capitalization now stands considerably higher than its peers, indicating strong investor confidence in its future prospects.
Indian stock markets surged for a third consecutive day, with Nifty and Sensex logging significant gains. Positive sentiment was driven by US President Trump's remarks on reducing tariffs on Indian exports and expectations of an NDA victory in Bihar. IT stocks led the rally, buoyed by a softened stance on H-1B visas.
Spending continued Wednesday on passenger terminal improvements at the Gary/Chicago International Airport as officials continue talks with commercial airliners to provide passenger service. The airport authority approved a $3.66 million contract with Gariup Construction, of Gary, for a passenger terminal parking revenue control system and for passenger boarding bridges.
When it was introduced in 1793, a penny could buy a biscuit, a candle or a piece of candy. But now most of them are cast aside to sit in jars or junk drawers, and each one costs nearly 4 cents to make.
Treasurer Melissa Conyears-Ervin called the U.S. bond boycott a way to push back on the authoritarian regime of Donald Trump. Chicago does not hold any such securities.
