The Supreme Court (SC) of Monday unanimously upheld the Centre's abrogation of Article 370, stating that the article was a temporary provision and the state of Jammu & Kashmir did not retain any element of sovereignty after its accession to India in 1948. It said that Article 370 was a feature of asymmetric federalism.

However, the court said that the Centre has amended the laws in J&K beyond its power. It directed the Election Commission (EC) to hold polls in J&K by September 30, 2024.

Tamil Nadu Chief Minister M K Stalin has announced Rs 6,000 in aid to people affected by Cyclone Michaung. The amount will be paid in cash. Chennai and its nearby districts of Chengalpattu, Kancheepuram and Thiruvallur districts received heavy rainfall leading to floods and damage to life and properties, as a result of the cyclone.

Corporate bodies also have extended aid to the state. TVS Motor Company, India’s third-largest two-wheeler company, donated Rs 3 crore to the Chief Minister’s Relief Fund.

Shares of Subros hit a new high of Rs 530, as they surged 18 per cent on the BSE in Monday’s intra-day trade on heavy volumes after winning Rs 25 crore orders from the Indian Railways.

The stock of auto components & equipment company was quoting 13 per cent higher at Rs 510, as compared to 0.17 per cent gain in the S&P BSE Sensex in morning trade.

Zydus Worldwide DMCC, a wholly-owned subsidiary of Zydus Lifesciences Ltd and Daewoong Pharmaceutical Co Ltd, has entered into a licensing agreement to co-develop and commercialise Leuprolide Acetate for Depot Suspension in six dosage strengths for the United States (US) market, the company in a regulatory filing with the BSE.

The terms of the agreement will result in Zydus assuming full responsibility for the clinical development and commercialisation in the US market.

AIMIM MLA Akbaruddin Owaisi took oath taken oath as Protem Speaker of the Telangana Legislative Assembly in Raj Bhawan, Hyderabad on Saturday. The oath was administered by Telangana Governor Tamilisai Soundararajan. Telangana Chief Minister Revanth Reddy was also present on the occasion.

The Governor appointed Akbaruddin Owaisi as the Pro-tem Speaker of the state Assembly on Friday.

Prime Minister Narendra Modi continues to be at the top among world leaders with an approval rating of 76 percent, according to a survey by Morning Consult. According to the US-based consultancy firm's 'Global Leader Approval Rating Tracker' 76 percent of people in India approve of PM Modi's leadership, while 18 percent disapprove of it and six percent did not give any opinion.

Referring to TMC MP Mahua Moitra's earlier statement that her Maa Kaali eats meat, smokes cigarettes, and drinks whiskey, BJP leader Suvendu Adhikari on Friday said that her expulsion from the Lok Sabha in the 'cash for query' case was due to the 'curse of Maa Kali.' Opposition leader Shubhendu Adhikari said this at a press conference at the Uluberia BJP party office today.

GQG Partners acquired a 4.7 per cent stake in GMR Airports Infrastructure on Friday, sending the stock up 12 per cent.

The US-based boutique investment firm, which has gained prominence because of its successful investments in Adani group stocks, purchased shares at Rs 59.1 each, amounting to a total outgo of Rs 1,672 crore, according to data provided by BSE. The GMR Group firm’s shares, on the other hand, closed at nearly Rs 69 apiece following the uptick.

Alipay Singapore Holding plans to sell its entire 3.44 per cent stake in food delivery giant Zomato on Wednesday. The Chinese firm has set the floor price at Rs 111.28 per share for the transaction. Shares of Zomato last closed at Rs 113.8. At the base price, Alipay will be able to raise Rs 3,290 crore. BofA Securities and Morgan Stanley are the investment banks handling the share sale.

Alipay’s sister concern Antfin Singapore Holding held another 6.39 per cent stake in Zomato at the end of the September 2023 quarter.

In a move to expand its presence in Tier I and II cities, Max Healthcare Institute (MHIL) on Friday announced the signing of a share purchase agreement for the acquisition of 100 per cent stake in Starlit Medical Centre.

The deal, facilitated through MHIL's subsidiary, Crosslay Remedies, involves an enterprise value of Rs 940 crore.

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