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.

The Indian Air Force(IAF) and Assam Rifles has successfully rescued 21 people stranded in severe flooding in Assam. Thirteen fishermen were airlifted from a riverine island in Dibrugarh district after being trapped for four days. Another eight State Disaster Response Force personnel and a revenue official were rescued from a sandbar in Jonai, Dhemaji district. The Assam State Disaster Management Authority coordinated the operations, which were deemed necessary due to turbulent river conditions. All rescued individuals received first aid and were escorted to their homes, ending their distressing ordeal. The ASDMA will cover the costs of the airlift. Over 6.5 lakh people are affected by the flooding across 19 districts in Assam.

In a significant development, Hungarian Prime Minister Viktor Orban is expected to visit Ukraine, his first trip since Russia's invasion in 2022. This comes as NATO plans to station an official in Kyiv, signaling strengthened support for Ukraine. Orban's visit may mark a shift in Hungary's stance on the conflict, as the country has maintained a neutral stance until now. The development is significant amid ongoing tensions between Russia and Ukraine, and highlights the evolving diplomatic landscape in the region.

In a fiery Lok Sabha speech, Leader of Opposition Rahul Gandhi declared, "Truth is expunged in Modi’s world," after parts of his address were removed. Gandhi criticized the BJP for allegedly spreading fear, hatred, and falsehoods under the guise of Hinduism during the Motion of Thanks on the President's Address. He argued that BJP’s actions do not represent all Hindus, emphasizing that all religions advocate courage and fearlessness. Prime Minister Narendra Modi interrupted, stating that Gandhi’s remarks were an unfair portrayal of Hindu society, which Gandhi refuted by distinguishing BJP and RSS from the entire Hindu community.

Prime Minister Narendra Modi chaired the NDA's parliamentary party meeting, his first since taking office for a third term. He advised MPs to avoid behaving like Rahul Gandhi in the Lok Sabha. Modi also took a swipe at the Opposition, noting that no PM has won three consecutive terms since Jawaharlal Nehru, labeling himself a 'tea-seller'. The meeting comes as the BJP relies on allies after losing majority in recent polls. Modi's address highlights his party's strategy for the current parliamentary session. The meeting also discussed the Motion of Thanks to President Murmu's address.

Acharya & Marathe College in Chembur has introduced a new dress code, prohibiting students from wearing jeans, T-shirts, and other "revealing" clothing. The notice, issued on June 27, mandates formal and decent attire, allowing half-shirts, full-shirts, and trousers. The college has also reiterated its ban on religious identifiers like hijabs, burkhas, and caps. Students are unhappy with the new rules, calling them impractical. Last year, the college had banned hijabs, which was challenged in court but ultimately dismissed. The move has sparked outrage among students and locals, who question the college's intentions.

Cristiano Ronaldo's Euro 2024 match against Slovenia was a emotional rollercoaster. The Portugal captain had a penalty saved by Jan Oblak in extra time, leaving him in tears. However, he redeemed himself in the penalty shootout, scoring the first kick. Ronaldo's apology to the fans for his earlier miss showed his humble side. Portugal won the shootout 3-0, with Diogo Costa's heroic saves. Ronaldo's emotional journey captivated fans, showcasing his passion and dedication to the game. His leadership and determination ultimately led Portugal to victory.

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.

Gujarat experienced heavy rainfall for the second consecutive day, with Kalyanpur taluka receiving 174 mm of rainfall in just 12 hours. The India Meteorological Department has issued a 'red alert' for several districts until Tuesday, predicting extremely heavy showers in Surat, Navsari, Valsad, Jamnagar, Porbandar, Junagadh, Dwarka, and Kutch. Heavy to very heavy rain is expected to continue in several regions until July 3. The intense rainfall has prompted authorities to issue warnings, and residents are advised to take necessary precautions. Key highlights: heavy rainfall, red alert, extremely heavy showers predicted, and warnings issued.

An Air Europa flight carrying 325 passengers was forced to make an emergency landing in Brazil after severe air turbulence left over 30 people injured. The incident occurred over the Atlantic Ocean, sending passengers flying out of their seats and causing damage to the plane's interior. Videos shared by passengers show a man stuck in an overhead bin and ceiling panels torn off. The airline reported varying degrees of injury and said the flight made a normal landing in Natal, Brazil, where the injured are being treated. An investigation into the incident is underway. Key highlights: severe air turbulence, emergency landing, over 30 injured, and damage to the plane's interior.