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Markets Fall Amid Crude Surge, NPCI Holds UPI Fee Meet, RBI Files Caveat On Tata Sons Listing

Indian equity benchmarks reversed early gains to trade sharply lower as elevated crude oil prices and rising global bond yields weighed on market sentiment. The Nifty slipped below the 23,200 mark while the Sensex registered steep losses, with real estate and metal stocks leading the downturn even as select information technology shares bucked the trend. Meanwhile, the National Payments Corporation of India held discussions regarding Merchant Discount Rate charges on merchant UPI transactions above 2,000 rupees following a Finance Ministry notification. In the corporate domain, the Reserve Bank of India filed a caveat in the Bombay High Court ahead of an anticipated appeal by Tata Sons seeking exemption from mandatory listing norms, triggering a rally in several Tata Group shares including Tata Chemicals and Tata Investment Corporation. The bulletin also examined market trends, crude oil volatility, and the upcoming National Stock Exchange initial public offering.

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Gurugram Hit-and-Run: Accused Detained in Dausa, Police Add Attempt to Murder Charge

Gurugram Police have confirmed that the accused in the Sector 56 hit-and-run incident, Kalyan Basla, deliberately hit woman biker Shivani Chauhan, also known as Siya. According to police authorities, the driver acted with the intention to kill. Basla, who had previously claimed the collision was accidental and that he was unaware the rider was a woman, was tracked and detained in Dausa, Rajasthan. Police have invoked Section 109 of the Bharatiya Nyaya Sanhita (BNS) for attempt to murder, a non-bailable offence carrying up to ten years of imprisonment. Meanwhile, Chauhan was taken to a government hospital for a medical examination to document her injuries as crucial evidence. She is also scheduled to record her statement before a magistrate under Section 164. The Deputy Commissioner of Police stated that detailed interrogation will be conducted following court remand.

Delhi Government Plans 10,000 Hostel Beds For Students Following Satya Niketan Collapse

The Delhi government is preparing fully equipped hostel facilities with 10,000 beds for students arriving in the national capital. The initiative comes after the building collapse in Satya Niketan, addressing issues related to private paying guest accommodations charging exorbitant rents. The government plans to expand bed capacities across colleges and construct new buildings, focusing initially on North Campus and South Campus areas.

iOS 18 Glitches: CCPA Probes Apple Warranty Terms Over Screen Damage Costs

The Central Consumer Protection Authority has escalated its investigation into Apple's software warranty terms in India following complaints from iPhone users regarding display glitches. Several consumers reported green, pink, and white lines on screens as well as audio issues after installing the iOS 18 update, incurring repair costs of around 27,000 to 28,000 rupees. The regulator stated that charging users for hardware problems linked to software updates could violate fair trade principles. Apple has rejected the allegations, arguing that excluding software from warranty coverage is a global industry practice and it cannot insure against every technological risk. If found liable, the company could face penalties, refunds, or mandatory changes to its warranty terms.

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Gurugram Hit-and-Run Accused Nabbed In Dausa; Police Invoke Attempt To Murder

Gurugram Police, in coordination with Rajasthan Police, detained Kalyan Bainsla from Dausa in connection with the Gurugram hit-and-run case involving a woman biker. The accused fled from Gurugram to Palwal before heading towards Rajasthan as the video of the incident went viral. Police tracked his movements overnight and detained him in Dausa before taking him back to Gurugram for formal arrest under non-bailable sections, including attempt to murder, registered at the Sector 56 police station. The victim's father welcomed the swift police action and the addition of stringent charges, describing the incident as an attempt to murder rather than a routine road accident. Investigators are collecting CCTV footage, examining the incident route, and recording statements from eyewitnesses, co-bikers, and the accused to complete the investigation and submit a chargesheet in court.