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ED arrests Punjab CM Channi’s nephew in illegal sand mining case

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ED arrests Punjab CM Channi’s nephew in illegal sand mining case

The Enforcement Directorate (ED) on Friday arrested Bhupinder Singh alias Honey, the nephew of Punjab Chief Minister Charanjit Singh Channi, in an alleged illegal sand mining case. He was due to be taken to a court in Jalandhar to seek custody of him.

The arrests came days before the Punjab parliament voted.

The ED raided the premises of Bhupinder Singh, his business partner and six miners of Mohali, Ludhiana, Fatehgarh Sahib, Rupnagar and Pathankot on January 18. The agency said it seized Rs 100 crore and valuables from Bhupinder Singh and his partner Sandeep Kumar during the raid that lasted until January 19.

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The ED said Bhupinder Singh, Kumar and Kudrat Deep Singh set up a company called Provider Overseas Consultancy Limited in 2018, each holding a 33.33% stake. According to the audit report available on the website of the Union Corporate Affairs Department, the company recorded a turnover of Rs 1.877 lakh in 2019-20.

The Punjab Police first brought an alleged illegal sand mining case on the matter in 2018. In the case’s first information report (FIR), they named 26 defendants, most of them truck drivers. It was registered in a complaint by the Punjab Mining Department, which found the sand quarry was operating without approval during a raid in 2018. Bhupinder Singh was not mentioned in the FIR, while Kudrat Deep Singh was acquitted following a police investigation.
After the ED took over the investigation, it filed another case at its district office in Jalandhar last November.

Chaney last month accused the center of abusing the central agency to intimidate him ahead of the election. He added that it tried the same with Chief Minister Mamata Banerjee in West Bengal but failed.

Complete News Source : Hindustan Times

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Stock market in red amid India’s diplomatic action against Pakistan

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Stock market in red amid India’s diplomatic action against Pakistan

The stock market opened in red on Thursday, with the Sensex trading below 187.91 points and the Nifty below 46.45 points. The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. Eight of the 13 major sectors declined at the open, while the broader, more domestically focused small-caps and mid-caps traded flat.

Ajay Bagga, market expert, said that the overhang remains for the next 10 to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. On Wednesday, stock markets extended their surge to the seventh day, with Sensex share jumping 520 points to close above 80,000 level for the first time in four months.

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The stock market closed in green for the 7th day on Wednesday, with the 30-share Sensex rising by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged by 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. HCL Tech surged the most by 7.72 per.

Cent after posting an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore. Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC, and UltraTech Cement were also among the laggards, according to PTI Both the Sensex and Nifty reversed their seven-day.

Uptrend and settled lower on Thursday, amid profit-taking and disappointing Q4 earnings of Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel, and a largely muted trend in Asian and European equities also dragged the markets down, PTI reported. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty.

jumped 1,929.8 points or 8.61 per cent ​Indian stock markets experienced significant declines on April 25, 2025, amid escalating geopolitical tensions with Pakistan following a deadly militant attack in Pahalgam, Kashmir, which resulted in 26 civilian deaths. The BSE Sensex fell by 1,195 points during intraday trading, closing 570.8 points lower at 79,227, while the NSE.

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The market downturn was driven by widespread losses across sectors, with 12 out of 13 major indices ending in the red. Broader markets were also affected, as mid-cap and small-cap Nifty50 dropped 207.3 points to settle at 24,039 indices declined over 2%. Investor sentiment was further dampened by India’s strong diplomatic response to the attack, which included.

suspending the Indus Waters Treaty, closing the Attari border crossing, and revoking visa privileges for Pakistani nationals The Indian rupee weakened, closing 0.2% lower at 85.45 against the U.S. dollar, influenced by month-end dollar demand and increased geopolitical uncertainty. Bond yields also rose, reflecting heightened risk aversion among investors

Analysts caution that the ongoing tensions between India and Pakistan could continue to impact market stability. While a full-scale conflict is considered unlikely, the situation remains fluid, and investors are advised to monitor developments closely In Pakistan, the Karachi Stock Exchange’s KSE-100 index fell by 2.12%, or 2,485.85 points, as investors reacted to India’s.

The United Nations has urged both nations to exercise restraint and resolve their differences through peaceful dialogue diplomatic measures and the suspension of the Indus Waters Treaty Indian stock markets slipped into the red on April 25, 2025, following India’s strong diplomatic actions against Pakistan after a deadly terrorist attack in Kashmir. The BSE Sensex.

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