The Securities and Exchange Board of India (Sebi) has barred three people from the capital markets for seven years for creating sham identities and cornering shares in IPOs at the cost of genuine investors.

Besides, they have been asked to disgorge unlawful gain of about Rs 7 lakh, including interest. Babulal M Dugar, Manoj Kumar Dugar, and Vinod Kumar Dugar are the three persons facing ban.

The national capital is likely to witness its longest cold spell in December after 1997 with the Meteorological Department predicting another cold day on Tuesday.

According to Kuldeep Srivastava, head of the India Meteorological Department's regional forecasting centre, a "cold day" is when the maximum temperature is at least 4.5 notches below the normal.

Shares of state-owned Indian Railway Catering and Tourism Corporation (IRCTC) gained 4 per cent at Rs 899 on the BSE on Tuesday after the Ministry of Railways revised tariff of standard meals on static units in railway stations.

In an exchange filing yesterday, IRCTC said the Ministry of Railways had revised the tariffs.

The Indian Railways is likely to hike passenger fares for all trains and classes this week. The increase in fare may range from 5 to 40 paise per kilometer, according to a report in Hindi daily Dainik Bhaskar.

The proposal had received approval from the Prime Minister's Office in November but announcement was reportedly delayed owing to the ongoing Assembly elections in Jharkhand.

The overall air quality in Delhi stood at 'very poor' on Tuesday with at Air Quality Index (AQI) floating at 363. Old Delhi's Chandani Chowk witnessed a 'severe' AQI of 466 while Mathura road saw 406. Adjoining Noida recorded a 'severe' air quality with the AQI standing at 447.

An AQI between 0-50 is considered good, 51-100 is satisfactory, 101-200 moderate, 201-300 poor, 301-400 very poor and 401-500 is marked as severe/hazardous.

Less than seven months after it stormed back to power at the Centre with its highest tally in the Lok Sabha elections, the ruling BJP was swept out of power on Monday in Jharkhand by the coalition of JMM, Congress and RJD, led by their chief ministerial candidate and JMM chief Hemant Soren.

For the BJP, the defeat in Jharkhand is the loss of power in the fifth state in a year following the fall of its governments in Madhya Pradesh, Chhattisgarh, Rajasthan and Maharashtra.

It’s been a good year for Asia’s richest man, Mukesh Ambani. The Indian tycoon added almost $17 billion to his wealth as of Dec. 23, the most in Asia, taking his net worth to about $61 billion, according to the Bloomberg Billionaires Index. In comparison, Alibaba Group founder Jack Ma’s net worth grew $11.3 billion, while Jeff Bezos lost $13.2 billion.

The surge in Ambani’s fortune this year was fueled by a 40% jump in the shares of his Reliance Industries Ltd., a conglomerate that’s pivoting more toward consumer offerings than its core oil refining and petrochemicals businesses.

Buoyed by election trends showing a clear majority for the Mahagathbandhan in Jharkhand Assembly election, the Congress and the RJD reiterated that JMM's Hemant Soren will be the next chief minister of the state.

We were confident that Jharkhand will give a clear majority to our alliance. Trends are good but I won't make comment until the final result. We've clearly said that Hemant Soren will be CM candidate of our alliance, Congress's Jharkhand in-charge RPN Singh said.

The Finance Ministry has declined to share Swiss bank accounts details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland.

In reply to an RTI query, the ministry also refused to disclose the details of black money received from other foreign countries.

Shares of Adani Green Energy were locked in 5 per cent upper circuit at Rs 142, also its new high, on the BSE on Monday on the back of heavy volumes. The stock surpassed its previous high of Rs 139 touched on December 2, 2019.

The trading volumes on the counter jumped 1.5 times with a combined 1.9 million equity shares changing hands on the NSE and BSE. There were pending buy orders for 216,123 shares on both the exchanges at 12:24 pm.

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