SEBI’s New Rules, Saudi’s Mega Project & Zerodha CEO’s Warning – Must-Read Market News!
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🗞️ BSNL & MTNL Get ₹6,000 Cr Boost for 4G Expansion
The Union Cabinet has approved an additional ₹6,000 crore to support BSNL and MTNL’s 4G rollout. The move aims to strengthen telecom infrastructure and improve connectivity across India.
Expert Opinion:
“This investment will help BSNL & MTNL compete better in the telecom space. However, timely execution remains a key challenge.” – Rajesh Mehta, Telecom Analyst
🗞️ Swiggy Instamart Glitch Gives Users Free Cash—Up to ₹5 Lakh!
A major technical error on Swiggy Instamart mistakenly credited users with thousands, even lakhs, in free cash. The glitch sparked viral discussions, with many joking that ‘someone is losing their job.’
Expert Opinion:
“Such glitches can severely impact customer trust and financial stability. Swiggy must address this swiftly to maintain credibility.” – Ananya Kapoor, Fintech Specialist
🗞️ SEBI Proposes Stricter Governance for Listed Companies
SEBI has released a proposal for stricter corporate governance rules for publicly listed companies. The move aims to enhance transparency and accountability in the stock market.
Expert Opinion:
“Stronger governance norms will boost investor confidence, but compliance costs could rise for companies.” – Vikram Sethi, Market Regulator Expert
🗞️ Saudi’s $63 Billion ‘City of Earth’ Project Attracts Indian Giants
Saudi Arabia’s ambitious ‘City of Earth’ mega-project is drawing interest from top Indian companies, including Tata and Oberoi Group. The development aims to be a futuristic economic and tourism hub.
Expert Opinion:
“This could open new global expansion opportunities for Indian firms, boosting their international presence.” – Arun Sharma, Infrastructure Consultant
🗞️ Market Cap of 6 Top Companies Surges by ₹1.18 Lakh Crore
HDFC Bank, Airtel, and other top firms saw a massive surge in market capitalization, collectively gaining ₹1.18 lakh crore. The banking and telecom sectors led the rally.
Expert Opinion:
“This surge indicates renewed investor optimism in banking and telecom stocks.” – Rohan Desai, Equity Analyst
🗞️ Dividend Season: IRCTC, HAL, Varun Beverages to Announce Payouts
Several companies, including IRCTC and HAL, are set to declare dividends in their Q3 results. Investors are keenly watching for potential returns.
Expert Opinion:
"Dividend stocks remain attractive for long-term investors looking for steady income." – Nidhi Verma, Investment Strategist
🗞️ Zerodha CEO Urges RBI to Tackle Phishing & Fake Apps
Zerodha’s Nithin Kamath has called on RBI to take stronger action against rising financial fraud, citing an increase in fake trading apps and phishing scams.
Expert Opinion:
"With digital finance growing, stronger regulations are crucial to protect users from scams." – Pooja Malhotra, Cybersecurity Expert
🗞️ RBI MPC Hints at June Repo Rate Cut to Boost Growth
The RBI’s Monetary Policy Committee has signaled that the next repo rate cut could happen in June, aiming to support India’s economic growth.
Expert Opinion:
“A rate cut in June could provide relief to borrowers and boost spending, but inflation concerns remain.” – Ashish Gupta, Economist