Top news on April 23: SC pulls up Patanjali, JNK India IPO opens, Tesla quarterly results and more

  • From the Supreme Court talking tough on FMCG firms' misleading advertisements to Prime Minister Narendra Modi's anti-Muslim statements during the Lok Sabha election campaign, a look at the developments that grabbed the headlines on April 23.

Livemint
Updated23 Apr 2024
New Delhi: Yoga guru Ramdev leaves after appearing before the Supreme Court in connection with the Patanjali misleading advertisements case, in New Delhi, on Tuesday.
New Delhi: Yoga guru Ramdev leaves after appearing before the Supreme Court in connection with the Patanjali misleading advertisements case, in New Delhi, on Tuesday.(PTI)

From the Supreme Court talking tough on fast-moving consumer goods (FMCG) companies' misleading advertisements to Prime Minister Narendra Modi's anti-Muslim statements during the Lok Sabha election campaign, several important incidents and developments grabbed the headlines on April 23. A total of 16 companies, including Tata Consumer Products, also released their financial results for the fourth quarter of FY24 on April 23. 

The Supreme Court, while hearing Patanjali Ayurved's misleading advertisements case, took a stern view on exaggerated claims by various FMCG firms and asked three Union ministries to inform it about the steps they have taken to curb the practice. In stock market developments, JNK India IPO, which opened on April 23, was subscribed 49 per cent on the first day. 

Top news today: 

Tesla shares in focus ahead of quarterly results as Elon Musk struggles amid price cuts, layoffs

Shares of Tesla edged higher on Tuesday ahead of the electric vehicle (EV) manufacturer's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years. Shares have dropped 43 per cent year-to-date as Elon Musk's EV giant has struggled with layoffs and product discounts in the last few months.

Patanjali in court: SC pulls up company, warns FMCG firms against misleading ads

The Supreme Court on Tuesday expanded the case of misleading advertisements against yoga guru Ramdev's Patanjali Ayurved, directing Union ministries and authorities to take action against FMCG companies indulging in false campaigns.

JNK India IPO: Issue subscribed 49% on day 1 led by QIBs. Check latest GMP, subscription status, other details

The JNK India IPO opened for subscription on April 23 following a two-week break in the mainboard IPO space. Alongside several SME IPOs that have already opened and some of which have been launched today, retail investors seem to have shown a decent level of interest in the JNK India IPO. However, qualified institutional buyers stole the show. JNK India's IPO subscription status on day one is 49 per cent, as per BSE data.

Q4 results today: Tata Consumer Products, ICICI Prudential Life among 16 companies to post Q4 earnings on April 23

A total of 16 companies released their financial results for the fourth quarter of FY24 on April 23. These include Tata Consumer Products Ltd, ICICI Prudential Life Insurance Comp Ltd, Tata Elxsi Ltd, Mahindra & Mahindra Financial Services Ltd, Multi Commodity Exchange of India Ltd, and Cyient DLM Ltd.

PM Modi doubles down on anti-Muslim rhetoric, says 'Congress wanted to give SC-ST quota to Muslims’

Days after the ‘mangalsutra, gold’ remark that sparked the “hate speech" row, PM Modi has doubled down on his ‘anti-Muslim statements’ at a campaign rally for the Lok Sabha elections 2024. Addressing a gathering in Rajasthan's Tonk-Sawai Madhopur earlier today, PM Modi attacked the Congress, saying it wanted to reduce the “SC-ST reservation and distribute it among the Muslims" when it was in power at the Centre. Continuing his scathing attack on the Congress, PM Modi also said that the grand old party was hatching a conspiracy to “snatch your property" and “distribute it among selected people".

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HomeNewsIndiaTop news on April 23: SC pulls up Patanjali, JNK India IPO opens, Tesla quarterly results and more

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