Top News on September 13: Nifty end marginally lower, Kejriwal exits Tihar jail

Delhi Chief Minister walked out of Tihar jail on Friday evening following a Supreme Court order granting him bail. The Narendra Modi-led central government announced the renaming of Port Blair as Sri Vijaya Puram while Sebi chief Madhabi Puri Buch countered Congress allegations about a ‘conflict of interest’. Other news included the renaming of Port Blair, RBI’s cancellation of NBFC registrations, and TCS employees receiving tax notices for TDS issues.
Kejriwal walks out of TiharDelhi Chief Minister Arvind Kejriwal exited Tihar jail on bail amid widespread exultation on Friday evening. The AAP supremo held a roadshow from the Chandgiram Akhara to his official residence after his release. He said the country was going through a critical phase as some “anti-national forces” are trying to weaken it.
Forex reserves hit new highForeign exchange reserves have risen by $5.248 billion to hit a new record high of $689.235 billion on September 6. Data collected from the Reserve Bank of India website on Friday also showed a $129 million increase in gold reserves to $61.988 billion. India’s reserve position with the International Monetary Fund (IMF) rose $9 million to $4.631 billion.
Port Blair RenamedThe government on Friday decided to rename Port Blair as Sri Vijaya Puram. Home Minister Amit Shah said the name also symbolises the victory achieved in the country’s freedom struggle and the unique role played by the Andaman & Nicobar islands.
Bajaj Housing Finance IPO RowSeveral potential investors failed to receive UPI mandates after applying for the Bajaj Housing Finance IPO on Friday. Some users also complained on social media that their had seen the amount get blocked but no corresponding updates on the phone banking app.
Sebi chief vs CongressSebi chief Madhabi Puri Buch issued a joint statement with her husband after Congress leader Pawan Khera flagged a potential conflict of interest. Buch dubbed the claims ‘baseless’ and insisted that she had recused herself from cases involving prominent companies including Mahindra Group, ICICI Group, and Pidilite Industries, which have a significant presence in the stock exchanges.
“Madhabi has complied with all the disclosure and recusal guidelines of Sebi, and in fact, maintained a proactive continuing recusal list with Sebi over and above the requirements under the guidelines,” they said in the statement.
Over 300 stocks hit 52-week highSensex and the Nifty 50 closed in the red on Friday even as 327 stocks — including Bharti Airtel, HCL Tech, Bajaj Finserv and JSW Steel — hit fresh 52-week highs in intraday trade on BSE. The Sensex and the Nifty 50 ended with mild losses on Friday due to profit booking following a steep rise of almost 2 per cent in the previous session.
TCS employees get tax demand noticesSeveral Tata Consultancy Services employees have reportedly received income tax notices about discrepancies in their TDS. The missives flagged discrepancies between the TDS credit in their Form 26AS and the amount they claimed while filing their income tax returns. The company has told workers the tax department would reprocess their ITRs to resolve the issue.
RBI cancels NBFC registration certificatesThe Reserve Bank of India cancelled the registration certificates of four non-banking financial companies on Friday under under Section 45-IA (6) of the RBI Act. Thirteen other NBFCs have surrendered their licenses to the central bank.