Business
Sensex, Nifty trade in green amid positive global cues

Mumbai, May 2: The Indian stock indices opened in the green on Friday following positive cues from the global markets.
At 9:22 am, Sensex was up 350 points or 0.44 per cent at 80,592 and Nifty was up 71 points or 0.29 per cent at 24,407.
Midcap and smallcap indices were trading flat compared to largecap. Nifty midcap 100 index was up 40 points or 0.08 per cent at 54,185. Nifty smallcap 100 index was down 12 points at 16,436.
Among the sectoral indices, auto, PSU bank, private bank, financial services, metal and realty were major gainers. Pharma, FMCG and media were major laggards.
According to analysts, on the technical front, Nifty 50 continues to consolidate in a narrow range, forming a neutral candlestick pattern. On the hourly chart, a flag and pole pattern are developing, suggesting a possible bullish breakout.”
“If Nifty sustains above 24,400, it can potentially head towards 24,500 and 24,700 levels. Immediate support levels are placed at 24,200, 24,100, and 24,000, offering dip-buying opportunities,” said Mandar Bhojane from Choice Broking.
In the Sensex pack, Adani Ports, Maruti Suzuki, IndusInd Bank, Axis Bank, ICICI Bank, M&M, Tata Motors, TCS, Infosys, HDFC Bank, NTPC and SBI were top gainers. Nestle, Titan, Bajaj Finserv, HUL, Power Grid and Bajaj Finance were the top losers.
The international markets were trading with gains. Tokyo, Hong Kong, Seoul, Jakarta and Bangkok were in the green.
The US market also closed with gains on Thursday. In the last session, the technology index Nasdaq surged more than 1.5 per cent.
Meanwhile, Brent crude was at $ 62.62 per barrel with a gain of about one per cent.
On the institutional front, FIIs continued their buying streak for the 11th consecutive session, albeit with a modest net buy figure of Rs 50 crore.
Meanwhile, DIIs showed stronger conviction, purchasing equities worth Rs 1,792 crore. The combined flow suggests a supportive undertone for the Indian equities.
Devarsh Vakil, Head of Prime Research at HDFC Securities, said that overall trend for the Nifty remains bullish, as it continues to trade above all key moving averages.
Crime
Man arrested in Delhi for trying to reactivate Baba Siddique’s mobile phone number

CRIME
Mumbai, July 7: Mumbai Police have arrested a man from Delhi for allegedly attempting to fraudulently take control of a mobile number belonging to late NCP leader Baba Siddique, which is linked to his family’s businesses.
The accused, identified as Vivek Sabrawal, was apprehended in the Burari area of Delhi and brought to Mumbai for further investigation.
According to officials, Sabrawal tried to reactivate Siddique’s phone number on a new SIM card with the intention of using it for cyber fraud. Police said the accused has a history of cybercrime, with prior cases registered against him.
He was out on bail in one such matter when he attempted this latest fraudulent act.
A case has been registered under several sections of the Bharatiya Nyaya Sanhita (BNS), including provisions related to cheating, attempted offences, forgery, fabrication of records, and using forged electronic documents as genuine.
Authorities suspect that Sabrawal aimed to misuse the number for financial or digital scams.
The matter came to light after Siddique’s daughter, Arshiya Siddique, filed an FIR at Bandra Police Station in Mumbai. She reported that an unknown individual had fraudulently attempted to become the “authorised signatory” for her late father’s mobile number, which remains active and is associated with the family’s business interests, including Zears Business India LLP and a food venture she runs under the name Flavour Food Venture.
Police said the fraudster had created a fake email ID in the name of Shahzeen Siddique, Baba Siddique’s wife, and used it to contact Vodafone to enquire about the status of the authorised signatory on the mobile number.
In a more disturbing development, the individual accessed Shahzeen Siddique’s personal documents — including Aadhaar, PAN card, GST details, and the company’s letterhead — to support the fraudulent request.
Using these forged details, the accused submitted a request to Vodafone to update the signatory, listing fake identities such as Michael Sharma, Tarun Kumar, Avinash Arora, and Sumit Sharma.
On June 25, Vodafone responded to the request by CC’ing Shahzeen Siddique’s real email ID, which immediately alerted the family that an unauthorised application had been made using forged credentials.
Alarmed by the development, the Siddique family approached the police. While Sabrawal has been arrested for his involvement in the SIM card reactivation attempt, investigations are ongoing to determine whether there are additional suspects involved in the attempted fraud.
The complainant has urged Mumbai Police to trace the origin of the fake email ID and analyse the call data records (CDR) associated with the number listed in the request, citing fears of a possible connection with individuals involved in Baba Siddique’s sudden demise.
Mumbai Police have said further action will follow based on electronic and forensic analysis of the digital evidence, and more arrests may be made if links to a broader conspiracy are established.
Baba Siddique, a former Maharashtra minister, was shot dead in the Bandra area of Mumbai on October 12, 2024.
Crime
Awami League slams Yunus administration for rising rape incidents in Bangladesh

CRIME
Dhaka, July 7: In a span of nine days, 24 women, including an infant, were raped in Muhammad Yunus-led Bangladesh, according to the Awami League, which added that over 281,000 complaints have piled up and are still “unresolved.”
“In just 9 days, 24 women were raped. Among them, a child was raped by a 60-year-old man. These numbers are horrifying, but each number hides a lifetime of pain and trauma,” said the Awami League on Sunday.
According to the former Prime Minister Sheikh Hasina’s party, “Rapists aren’t strangers — they’re police officers, teachers, politicians, and many roam free, protected by silence and a broken system.”
“Under Yunus’s illegal rule, Bangladesh is no longer a safe place for women. Every day, women are raped while the state stays silent. When survivors seek justice, they’re humiliated again — by police questions, invasive medical exams, courtroom cruelty, and society’s blaming gaze. In court, survivors are shamed for their clothes and character. Cases drag on for years. Social media adds more wounds, as victims’ images spread while rapists remain anonymous,” the Awami League stated.
“Laws alone won’t save us. We need a social revolution. Women must rise, confront, and demand justice. Men must stand with them. Silence is complicity. As long as leaders like Muhammad Yunus remain in power, nothing will change,” it added.
Calling a Bangladeshi woman’s body “a battlefield,” the party said, “Until the state takes responsibility, this bleeding won’t stop. We must challenge the state — or women will never be safe.”
Recently, the Awami League revealed the statistics mentioned that only in June, 63 incidents of rapes were reported, including 17 gang rapes, seven survivors were women/girls with disabilities, while 19 children and 23 teenage girls were raped.
Additionally, 39 cases of sexual harassment and 51 physical assaults on women were reported.
“These aren’t just statistics. They are devastating proof that women and girls in Bangladesh live in constant fear,” said the party.
Last week, addressing a press briefing in Dhaka, Sharmeen S. Murshid, Social Welfare and Women and Children Affairs Advisor of Bangladesh under the interim government, described the rising incidents of violence against women and children in the country as a “pandemic-level crisis.”
The advisor revealed that over the past 10–11 months, 281,000 complaints have been received by the ministry’s toll-free hotline.
“Violence is being committed in families, workplaces, public spaces, and online. Despite Section 14 of the Women and Children Repression Prevention Act and the High Court’s directives, victims’ photos are still being published in the media,” Bangladesh’s leading daily, The Dhaka Tribune, quoted the Advisor as saying.
“Though I am a human rights activist, I now support the death penalty for these criminals. The level of violence has exceeded our tolerance,” Sharmeen added.
Bangladesh has been gripped by protest movements, a deteriorating law and order situation and an increasing number of incidents of violence against women since the ouster of Hasina in August 2024, when the Yunus-led administration took the helm.
Business
US tariffs to now take effect from August 1 as trade talks intensify

New Delhi/Washington, July 7: US President Donald Trump’s country-specific tariffs are now scheduled to take effect from August 1, offering a temporary reprieve as trade talks intensified with several countries, including India.
Earlier, the US tariffs were set to take effect from July 9.
Commerce Secretary Howard Lutnick announced the tariff reprieve on Sunday (US time) while speaking to the media. He noted that President Trump was “setting the rates and the deals right now”.
Trump told reporters that “I think we’ll have most countries wrapped up by July 9, either through letters or finalised agreements”, adding that notification letters warning of upcoming tariff hikes would begin going out from Monday (US time), with more expected to follow on Tuesday.
Trump said that sending notices would be much easier than “sitting down and working 15 different things…this is what you have to pay, if you want to do business with the United States.”
In April, Trump announced a base tariff of 10 per cent on most of America’s trading partners and thereafter additional duties ranging up to 50 per cent.
The US has announced trade deals with the United Kingdom and Vietnam so far, with some more trade deals apparently in the pipeline.
“President Trump’s going to be sending letters to some of our trading partners saying that if you don’t move things along, then on August 1 you will boomerang back to your April 2 tariff level. So I think we’re going to see a lot of deals very quickly,” US Treasury Secretary Scott Bessent told CNN.
India’s high-level official delegation led by chief negotiator Rajesh Agrawal has returned from Washington after the trade talks with US officials without reaching a final agreement on the sensitive issue of trade in agricultural and dairy products that the US is pushing for.
Meanwhile, Trump has announced that an additional 10 per cent tariff will be imposed on countries that “align themselves with the anti-American policies of BRICS”.
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