Outstation Delhi University South Campus Students Asked To Move Out Of PGs

Stock markets faced downward pressure as rising crude oil prices and simmering US-Iran tensions weighed on investor sentiment, dragging Nifty down to 23,779 amid steep declines in IT and metal shares. In corporate developments, Jaguar Land Rover announced 4,000 job cuts in the UK over two years to save 2.3 billion dollars amid tariff pressures and cyberattack impacts. Meanwhile, the domestic pharmaceutical sector witnessed robust momentum driven by weight loss and diabetes treatments, with Eli Lilly's Mounjaro recording over 500 percent sales growth and RPG Life Sciences preparing to launch its GLP-1 drug. Ashok Leyland highlighted strong growth in defense, with revenues tripling to over 1,200 crore rupees alongside a new production facility planned in Saudi Arabia. Market expert Abhishek Basumallik shared an optimistic outlook on the pharmaceutical and chemical sectors while advising caution regarding cyclical peaks in the automotive space and evaluating the surge of new public offerings.

Following the Satya Niketan building collapse where the death toll reached seven, Delhi Chief Minister Rekha Gupta has ordered all MLAs to conduct surveys in their constituencies to identify illegal constructions. Under the directive, MLAs must check and report any buildings violating the 17.5-metre height cap. The move comes as belated government action after years of unchecked construction violations across Delhi NCR. Concerns have been raised over whether surveying building heights using measuring rods is the responsibility of elected legislators, arguing instead that enforcement and permit oversight require scientific involvement by civic bodies such as the MCD and police rather than post-tragedy audits by MLAs.

Following the tragic collapse of a paying guest building in Delhi that claimed at least seven lives and left twelve rescued, Delhi Police nabbed the absconding building owner, Hariram Gupta, from Rewari. He is being brought to Delhi for a medical examination before being produced in court, where police will seek his custody to investigate why he fled, his motive, and whether he attempted to destroy or tamper with evidence. The Chief Minister has suspended five Municipal Corporation of Delhi officials in connection with the incident. The tragedy has renewed scrutiny over civic apathy, illegal buildings, unauthorized PG operations, and administrative corruption in Delhi, drawing comparisons to earlier incidents including the 2024 Rajinder Nagar coaching centre basement flooding and the Malviya Nagar fire incident.

At least seven people have died and several others are feared trapped after a 50-year-old paying guest accommodation collapsed in Delhi's Satya Niketan area. The collapse was triggered after waterlogging in the basement weakened the building's foundation pillars. In response, five Municipal Corporation of Delhi officials, including the Deputy Commissioner, Superintendent Engineer, Executive Engineer, Assistant Engineer, and Junior Engineer, have been suspended. Authorities have initiated action against the building owner and ordered the evacuation and demolition of adjacent dangerous structures.