On Sunday, Delhi's air quality index (AQI) hit 366, which is considered "very poor." Other cities like Patna, Chandigarh, and Kolkata reported "poor" air quality. Aizawl had the cleanest air with an AQI of 50, which falls under the "good" category. Major cities across India showed different pollution levels, with some places experiencing "moderate" and "satisfactory" air quality.
Foreign Portfolio Investors (FPIs) continued selling Indian equities for the eighth week in a row, offloading ₹26,533 crore in November. Although this is lower than October's record outflow of ₹94,017 crore, the total FPI net selling for 2024 now stands at ₹19,940 crore. Experts believe that FPI selling might slow down soon due to weaker earnings and lower valuations of large-cap stocks in India.
The US indictment against Adani Group is focused on one contract from Adani Green Energy, which makes up about 10% of the company's business, according to group CFO Jugeshinder Singh. He stressed that no other parts of the business are involved, and the issue is still under legal review. Singh said more details will be shared after consultations with legal advisors.
Hundreds of farmers clashed with police in Bathinda, Punjab, over compensation for land taken for the Bharatmala highway project. Led by the Bharatiya Kisan Union Ekta Upagraha, the farmers protested the unequal compensation amounts. The clashes left both farmers and police injured. Local officials said compensation payments were based on land location, but farmers demanded more equal payouts.
Karnataka has become India’s second-largest milk producer, surpassing other states, according to Chief Minister Siddaramaiah. The state now produces 92-93 lakh litres of milk every day and is expanding its reach, including supplying 2.5 lakh litres to New Delhi. Government initiatives like the Ksheeradhare Scheme and support for milk producers have been key to this success.
The Kerala High Court has dropped the charges against three people who waved black flags at Chief Minister Pinarayi Vijayan’s convoy in 2017. Justice Bechu Kurian Thomas ruled that such protests are neither illegal nor defamatory, stating that waving a black flag is a legitimate form of protest and does not disrupt public duties.
In Jhunjhunu, Rajasthan, a man who was thought to be dead was found alive while being taken for cremation. Rohitash, a mentally challenged man, had been declared dead and placed in the mortuary. Following the discovery, the state government suspended three doctors for negligence and launched an inquiry.
Congress is pushing for a Joint Parliamentary Committee (JPC) investigation into the Adani Group’s financial dealings after Gautam Adani was charged with bribery and fraud in the US. Senior Congress leader Jairam Ramesh criticized Prime Minister Modi for his supposed ties to Adani and called for accountability. The charges from the US Securities and Exchange Commission (SEC) back Congress's concerns about Adani's business practices, especially in the solar energy sector.
Gautam Adani, along with his nephew and six others, has been charged by US prosecutors for allegedly paying Rs 2,029 crore ($265 million) in bribes to Indian government officials to secure solar power contracts. The bribes, paid between 2020 and 2024, were hidden from US banks and investors. This case follows a 2023 report accusing the Adani Group of fraud and stock manipulation.
Honasa Consumer Limited has denied claims by the All India Consumer Products Distributors Federation (AICPDF) about its distribution practices. The company clarified its inventory figures and explained its transition to a single-layered distribution model under "Project Neev." Honasa also reported improved financial metrics, including reduced accounts receivable and a better stock turnover ratio.