Yesterday's big news was related to Madhabi Puri Buch. ZEE founder Subhash Chandra has accused SEBI Chairperson Madhabi Puri Buch of bias, corruption and unethical behavior. He said, 'Before taking office in SEBI, the combined income of her and her husband was around Rs 1 crore per year, which has now increased to Rs 40-50 crore per year. This should be investigated by the media and investigative agencies. At the same time, the World Bank has increased the estimate of India's Gross Domestic Product (GDP) growth for the financial year 2024-25 from 6.6% to 7%. Before tomorrow's big news, today's major events, which will be in focus… Now read tomorrow's big news… 1. Subhash Chandra said – I believe SEBI Chairperson is corrupt: Also held Madhabi Puri Buch responsible for the breakdown of Zee Entertainment and Sony merger deal ZEE founder Subhash Chandra has accused SEBI Chairperson Madhabi Puri Buch of bias, corruption and unethical behavior. He said, 'I believe SEBI Chairperson is corrupt, because before taking office in SEBI, she and her husband's combined income was around Rs 1 crore per year, which has now increased to Rs 40-50 crore per year. This should be investigated by the media and investigative agencies, which should include analysis of settled and compounded cases and consultation fees given by companies. These are many ways in which she and her husband extort money from companies and corrupt operators and fund managers of the stock market.' Click to read the full news… 2. World Bank raised India's GDP growth forecast by 0.4%: 7% for FY 2024-25, RBI had estimated 7.2% The World Bank has raised India's Gross Domestic Product (GDP) growth forecast for the financial year 2024-25 from 6.6% to 7%. World Bank Country Director (India) Auguste Tano Koume said that in the last financial year 2024, the Indian economy grew at a rate of 8.2%, which was the fastest. India's economy is still growing at a good pace. In such a situation, the World Bank has raised its growth forecast for the current financial year. Last month, RBI maintained India's GDP growth forecast for FY25 at 7.2%. At the same time, the International Monetary Fund (IMF) raised India's GDP growth forecast for the financial year 2024-25 by 0.20% to 7%. Click to read the full news… 3. Premier Energies share rose 86%: closed at Rs 839, the share of Premier Energies Limited, a company that manufactures integrated solar cells and solar panels, was listed in the market on 3 September with a premium of 120%. Premier Energies' share was listed on NSE at a price of ₹ 991 per share. Whereas, it was listed on BSE at ₹ 990 per share. However, after listing, its share saw a slight decline. It closed at Rs 839, up by Rs 389 (86%) on NSE and BSE. Its issue price was kept at ₹ 450 per share. Premier Energies' issue was worth Rs 2,830.40 crore. In this, the company had issued 28,697,777 fresh shares worth ₹ 1,291.40 crore. The existing investors of the company sold 34,200,000 shares worth Rs. 1,539 crores through Offer for Sale (OFS). Click to read the full news… 4. Nifty made a record of rising for 14 consecutive days: It closed at 25,279, up by 1 point; Sensex fell today after 10 days. The Nifty index, launched in 1996, made a record of closing at a high for 14 consecutive days. Earlier in 2007, Nifty saw a rise for 11 consecutive days. Whereas, there was a rise for 10 consecutive days in January 2015 and April 2014. Today, i.e. on 3rd September, Nifty closed at 25,279 with a rise of 1 point. However, there was a fall of 4 points in Sensex. It closed at 82,555. This fall in Sensex was seen after a rise of 10 days. Click to read the full news… 5. Former chairman of Atlas Cycles commits suicide: 70-year-old Salil Kapoor shot himself, accused some people of harassment in suicide note. Salil Kapoor, former chairman of the country's popular bicycle manufacturing company Atlas Cycles, committed suicide by shooting himself at his home in Delhi. He was 70 years old. Delhi Police reached the spot at around 2.30 pm and is investigating the case. Police have recovered a suicide note from the spot, in which some people have been accused of harassment. Initial investigation revealed that Kapoor allegedly shot himself with a revolver while sitting in the temple of his house. Click to read the full news… Also see who were the top-10 richest people in the world yesterday… Know the status of yesterday's stock market and gold-silver… Know the latest price of petrol-diesel and gas cylinder…
Graphics Source: VaskarAssets
No change in the price of petrol and diesel: Subhash Chandra said- I believe that SEBI chairperson is corrupt, Nifty made a record of rising for 14 consecutive days
