Shocking: Markets Plunge as Gautam Adani Faces Bribery Allegations & Russia Launches ICBM at Ukraine – Urgent News Update
Top Stories for Today: November 21, 2024
Market Downtrend Resumes
The Indian stock market indices, Sensex and Nifty 50, fell back into negative territory on Thursday, November 21, reversing gains from the previous day. Affected by weak global cues, a broad selloff saw mid and small-cap segments hit hard. The factors contributing to this downturn include global financial uncertainties and volatile investor sentiment.
Adani Group Stock Plummet
Gautam Adani’s conglomerate faced turbulent times as its stocks plunged by up to 23% after reports of a $250 million bribery indictment surfaced in the US. Life Insurance Corporation of India (LIC) experienced a significant loss of around ₹9,000 crore due to the drop in Adani shares. The allegations accuse Adani and his associates of a multi-billion-dollar bribery and fraud scheme, causing a sharp decline in the group’s market value.
Escalation in Ukraine Conflict
In a concerning development, Russia targeted Ukraine with a nuclear-capable intercontinental ballistic missile (ICBM) for the first time, striking Ukraine’s Dnipro city. This marks a significant escalation in the protracted conflict, showcasing Moscow’s willingness to employ its advanced military arsenal.
Political Scene in Maharashtra
As Maharashtra’s assembly elections conclude, an Axis My India exit poll suggests the Mahayuti alliance could secure between 178-200 seats, while the Maha Vikas Aghadi may claim 82-102 seats. Uddhav Thackeray emerged as the second choice for Chief Minister, reflecting ongoing political dynamics in the state.
ICC Warrant for Netanyahu
Amid the Israel-Hezbollah conflict, the International Criminal Court (ICC) has issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu, accusing him of war crimes and crimes against humanity. This development adds another layer to the complex geopolitical landscape in the region.
Today’s headlines depict a swirl of activity in markets, international diplomacy, and political arenas—each story reflecting broader global and local shifts with far-reaching implications.
Original Story https://www.livemint.com/news/india/top-news-on-nov-21-market-down-gautam-adani-faces-bribery-case-russia-fires-icbm-ukraine-axis-my-india-exit-poll-11732199674961.html
Category :
Tags:
