Top news this week: From Ajit Pawar's rebellion to Jio Financial Services IPO and more

From Ajit Pawar's rebellion against his uncle Sharad Pawar to Jio Financial Services IPO, this week has been quite eventful. Here are some of the biggest news stories this week.

Want to become Maharashtra CM: Ajit Pawar after rebellion

In a display of political strength, Maharashtra Deputy Chief Minister Ajit Pawar, who led a rebellion against his uncle Sharad Pawar alongside a group of at least 36 supporters, has reiterated his aspirations to become the state's chief minister. Speaking before his supporters at MET Bandra, Ajit Pawar expressed his desire to assume the role, citing specific plans for the welfare of the people that he wishes to implement. Read more.

IdeaForge Technology IPO listing: Stock lists at a premium of 93% at ₹1,300 on NSE

IdeaForge Technology Ltd's IPO debut was met with a surge in stock prices as its shares listed on the exchanges at a premium. On the National Stock Exchange (NSE), the stock opened at ₹1,300 per share, marking a significant 93.5 percent increase over the issue price. Similarly, on the Bombay Stock Exchange (BSE), the stock debuted at ₹1,305.10 per share. Read more.

West Bengal Panchayat elections marred by violence

Violence erupted in West Bengal as the Panchayat polls concluded on July 8, resulting in a tragic loss of life with 12 individuals reported dead. The incidents of unrest included the vandalisation of ballot boxes and the hurling of bombs at political opponents in various villages. Read more.

OceanGate suspends exploration, operations after Titan submersible implosion

OceanGate, the company that owned the Titan submersible involved in the tragic incident during a dive to the wreckage of the Titanic, resulting in the loss of all five individuals on board, including the CEO Stockton Rush, has announced the suspension of its exploration and commercial operations. Read more.

Jio Financial Services IPO Reliance Industries all set for demerger

Jio Financial Services Initial Public Offering (IPO) is generating significant excitement in both the primary and secondary market. Reliance Industries Ltd (RIL) is preparing for the demerger process following the approval received from the National Company Law Tribunal (NCLT). RIL has officially notified the Indian stock market exchanges that the NCLT has granted permission for the demerger of the company's financial services operations. Read more.

Flash flood hits Himachal Pradesh, heavy rainfall soaks Delhi

Torrential rains wreaked havoc in several parts of northwest India, including Delhi, Uttar Pradesh and Himachal Pradesh, causing widespread waterlogging and resulting in severe traffic disruptions. The weekend downpour led to a flash flood and a landslide in Gramphu village and Chota Dharra during the early hours of Sunday, exacerbating the already challenging situation caused by the heavy rainfall. Read more.