Today's News Highlights - March 21, 2025

Adani Group Faces Environmental Legal Challenges

The Adani Group is currently defending multiple legal challenges concerning the environmental impact of their projects. These include allegations of initiating a $2 billion power plant in Uttar Pradesh without proper environmental clearance and land use violations in Mumbai's Bandra region. Additionally, their Dharavi slum redevelopment project faces opposition due to concerns over ecologically sensitive areas. :contentReference[oaicite:0]{index=0}

Stock Market Records Significant Gains

The Indian stock market extended its winning streak for the fifth consecutive session. The BSE Sensex closed at 76,905.51 points, up by 557.45 points (0.73%), while the NSE Nifty 50 index rose by 159.75 points (0.69%) to 23,350.40 points. Notably, NTPC's shares surged by 3.09%, leading the gains among Sensex companies. :contentReference[oaicite:1]{index=1}

Power Grid Corporation of India Outperforms Market

Shares of Power Grid Corporation of India Ltd. increased by 1.09% to 283.00 Indian rupees, outperforming the broader market. However, the shares remain 22.72% below their 52-week high of 366.20 rupees, reached on September 25th. :contentReference[oaicite:2]{index=2}

Mahindra and Mahindra to Increase Vehicle Prices

Starting in April, Mahindra and Mahindra will raise the prices of their SUVs and commercial vehicles by up to 3%. This decision aligns with similar moves by other Indian automakers, attributed to rising commodity prices, higher import duties on raw materials, and supply chain disruptions. :contentReference[oaicite:3]{index=3}

Indian Premier League (IPL) Season 18 Commences

The 18th season of the IPL kicks off today, with defending champions Kolkata Knight Riders facing Royal Challengers Bengaluru at Eden Gardens. Notable absences include Jasprit Bumrah due to injury and Hardik Pandya due to suspension. Rishabh Pant emerged as the most expensive player in the recent auction, securing a bid of $3.12 million. :contentReference[oaicite:4]{index=4}

Sunil Chhetri's Return Boosts Indian Football

Sunil Chhetri's return to international football has been hailed as a significant boost for India's national team. He marked his comeback by scoring his 95th international goal in a 3-0 win over the Maldives. His experience is expected to aid in the development of younger players, especially with FIFA considering expanding the 2030 World Cup to 64 teams. :contentReference[oaicite:5]{index=5}