Hindenburg Research, the U.S. firm that alleged fraud and stock manipulation by Adani Group, received a show cause notice from SEBI on July 2 for alleged violations related to its Adani bets. Hindenburg dismissed the notice as “nonsense” and accused SEBI of attempting to silence critics of powerful figures in India. The firm, which had disclosed a $4.1 million gain from shorting Adani stocks, reiterated its accusations of “brazen stock manipulation and accounting fraud” against the Adani Group, suggesting the notice was concocted to intimidate and suppress those exposing corruption.

Markets regulator SEBI has issued a show cause notice to Hindenburg Research, its founder Nathan Anderson, and foreign portfolio investor Mark Kingdon for trading violations in Adani Enterprises. The regulator alleges that Hindenburg and Anderson violated regulations by publishing a report that misled investors, while Kingdon aided Hindenburg in indirectly participating in Adani Enterprises' derivatives market. SEBI claims that the report, which led to a significant stock price drop, was not solely for international valuation purposes as claimed. The notice seeks explanations for the alleged violations, which could lead to penalties and action against the entities involved.

India's stock market started Friday on a high note, with benchmark indices Sensex and Nifty 50 reaching new highs. Sensex surged 214.40 points to 79,457.58, while Nifty 50 opened 41.40 points higher at 24,085.90. Bank Nifty index rose marginally by 63.65 points to 52,874.95. The positive trend is driven by favorable global market cues. The Gift Nifty is trading at 24,200, up 105 points from the previous close. The market is expected to continue its upward momentum, fueled by positive sentiment and strong investor appetite.

The Indian stock market reached new heights on Thursday, with the BSE Sensex crossing the 79,000 mark for the first time, reaching a record high of 79,033.91. The NSE Nifty 50 also hit a lifetime high of 23,974.70, breaching its previous record. The Bank Nifty index surpassed the 53,000 mark for the first time. The rally was driven by key heavyweight stocks, with the Nifty 50 gaining 0.32% to 23,945 points and the Sensex adding 0.35% to 78,948.25 points. This milestone marks a significant achievement for the Indian stock market, indicating a strong and bullish trend.

Foxconn, a key Apple supplier, faces criticism for reportedly excluding married women from job opportunities at its iPhone assembly plant in Sriperumbudur, Tamil Nadu. A Reuters investigation revealed that Foxconn's hiring policies discriminated against married women due to perceived "post-marriage issues" such as family duties and higher absenteeism. This practice, contradicting both Apple and Foxconn's codes of conduct, has been justified by the company citing concerns over production interference by traditional jewelry worn by married Hindu women. Despite acknowledgments of past shortcomings, discriminatory practices reportedly continued in 2023 and 2024, prompting further scrutiny and calls for reform.

On Tuesday, the S&P BSE Sensex crossed the 78,000 mark for the first time, and the NSE Nifty50 achieved a record high of 23,710.45. The Sensex surged 659.99 points, trading at 78,001.07, driven by strong performances in financial services and banking stocks. Early trading saw positive momentum across major indices, reflecting investor confidence amid robust corporate earnings and favorable economic indicators. Analysts credit the rally to renewed optimism in the market and expect continued strength if macroeconomic conditions remain stable. Both indices closed the session with significant gains, underscoring a bullish outlook.

Britannia Industries will close its 77-year-old Taratala biscuit factory in Kolkata, affecting around 150 workers. The decision stems from "economic viability issues," with all affected employees accepting Voluntary Retirement Scheme (VRS) packages. The closure is part of a broader strategic shift, following the shutdown of older factories in Mumbai and Chennai. Established in 1947, the Taratala facility holds historical significance as one of Britannia’s earliest production units. Despite the closure, Britannia plans to invest Rs 300-350 crore in a new facility in Bengal, maintaining its strong market presence in the state.

India has surged to sixth place globally among deeptech ecosystems with 3,600 startups, receiving $850 million funding last year, reports Nasscom. Over 480 startups were launched in 2023, double the number from 2022, with a focus on AI and new domains like space-tech and healthtech. Notable startups include Agnikul and HealthPlix. Nasscom emphasizes the potential of AI, quantum computing, and robotics across sectors like education and agriculture. Challenges remain for India to reach the top three, including access to patient capital and deeper R&D partnerships. The deeptech policy tabled in 2023 aims to bolster this innovative sector.

Jio users across India are reporting widespread outages, with many unable to access popular apps like WhatsApp, Instagram, and YouTube. According to Downdetector, 54% of complaints relate to mobile internet issues, 38% to Jio Fiber, and 7% to mobile network disruptions. The outage has left thousands of users stranded, with many taking to social media to vent their frustration. Jio has yet to comment on the issue or provide a timeline for resolution. The disruption has sparked concerns about the reliability of Jio's services.

Harry Dent, a top US economist, warns that a huge stock market crash is coming, potentially worse than the 2008 financial crisis. He believes the "everything" bubble, fueled by artificial stimulus, is yet to burst. Dent notes that most bubbles last 5-6 years, but this one has gone on for 14, making a bigger crash likely. He predicts a significant market downturn when the bubble finally bursts. Dent's warning suggests that the prolonged bubble may lead to a devastating economic crash, surpassing the Great Financial Crisis.