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In the wake of the Ukraine crisis the Nasdaq Exchange will cease to work with Russian investors

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Nasdaq Inc. has announced that its stock exchanges in the United States and the Nordic nations would no longer accept Russian investors as a result of the continuing humanitarian crisis in Europe. Starting April 29, the business will automatically cancel any active Nasdaq data subscription, according to Saxo, a Danish investment bank. “From April 29, no new memberships will be available,” the bank stated in a letter released on Sunday.

The same was reported by RBC, which stated that if their account does not have a traded position on these platforms, all consumers resident in Russia would not have access to updated or upcoming market information as from Nasdaq exchanges in the United States and Europe.

The customer will get pending bids for such opportunities until they are closed. The prohibitions, on the other hand, would not apply to investments made through Russian brokers. Specifically, the Putin government had restricted foreigners from selling shares at the Moscow Stock Exchange until April 1 due to increased Western sanctions.

The Russian economy is on the verge of collapsing as a result of the protracted conflict and its ramifications, which include international sanctions placed on the country. The Russian government has sought to calm the market by investing up to $10 billion in local equities from its sovereign wealth fund. However, such measures will not be enough to restore the country’s economic slide because the conflict has had a significant financial impact.

The market had already closed following the Russian Ruble’s “record low” versus the dollar. Many financial analysts predicted that the country will see a downturn. Notably, the Russia-Ukraine conflict has had an impact on all major global markets, including Indian stock exchanges, which fell sharply when Putin announced the attack.

There is no time limit for paying with rubles.

Russian President Vladimir Putin said late last month that from April 1, “unfriendly” countries will have to pay for Russian gas in rubles. Dmitry Peskov, a Kremlin spokesman, said that, aside from gas, the precise timetable of the switch to ruble payment for other exported Russian commodities has yet to be revealed. Dmitry Peskov, a Kremlin spokesman, said that, aside from gas, the precise timetable of the switch to ruble payment for other exported Russian commodities has yet to be revealed.

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Poor Road Conditions Raise Concerns for Konkan-Bound Ganeshotsav Travellers

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Potholes and traffic congestion on the Uran route could make the festival journey difficult for thousands of devotees.

The Roads

With Ganeshotsav approaching, thousands of devotees from Mumbai and Navi Mumbai are preparing to travel to their hometowns in Konkan. However, poor road conditions along the Uran route have raised concerns about their journey.

Several stretches, including parts of the Mumbai–Goa National Highway and the Khopate Bridge, are reportedly affected by potholes. The Gavanphata–Chirner–Kharpada route is also in need of repairs, raising fears of slower traffic and longer travel times during the busy festival period. Traffic congestion has already been reported on the Chirner–Gavanphata–Dighode stretch. With a significant increase in vehicles expected during Ganeshotsav, residents fear that the existing problems could become even worse.

Roads maintained by CIDCO and the Public Works Department (PWD) have also come under scrutiny. The Khopate–Koproli road, in particular, has several potholes, while unauthorised parking in some areas is further adding to traffic difficulties. For many families travelling to Konkan for Ganeshotsav, the journey is an important part of the festival. Residents have therefore urged authorities to repair the damaged roads before the rush begins.

Meanwhile, Uran traffic police are preparing measures to manage the expected increase in traffic and minimise congestion during the festival.

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High Court Questions NMMC Over Illegal Constructions in Navi Mumbai

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Court seeks a clear plan to prevent new unauthorised structures as civic authorities step up action.

The Constructions

The Bombay High Court has sought answers from the Navi Mumbai Municipal Corporation (NMMC) over the growing issue of illegal constructions in the city. The court has asked the civic body what concrete steps it plans to take over the next three months to prevent new unauthorised structures from coming up.

According to claims made before the court, Navi Mumbai has around 4,000 illegal constructions. Since the court’s June 16, 2026 order, NMMC has taken action against 88 structures, including 43 in Airoli. Officials said another 25 structures had been acted against by September 7.

However, NMMC told the court that its demolition drive could face challenges in the coming months due to staff being engaged in Special Intensive Revision (SIR) work and preparations for upcoming festivals. During the hearing, petitioners also alleged that some illegal structures in Airoli were being spared because of political pressure. CIDCO, meanwhile, clarified that the areas in question fall under NMMC’s jurisdiction.

The court has scheduled the next hearing after three weeks. For residents concerned about unauthorised construction in their neighbourhoods, the proceedings could be significant, as the civic body is now expected to show how it intends to prevent fresh violations rather than simply act after structures are built.

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NMMC Recruitment Exam Scorecard to Be Released on September 11

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Candidates who appeared for the civic body’s recruitment exam can check their scores from September 11 after a long wait.

The Exam

Candidates waiting for the results of the Navi Mumbai Municipal Corporation (NMMC) recruitment exam finally have some good news. The civic body is set to release the exam scorecards on September 11, 2026, bringing an end to a long wait for thousands of applicants.

The recruitment drive was announced for 668 posts across 30 categories. A total of around 84,774 candidates applied, while 68,149 candidates appeared for the online examination held in July 2025. The release of the results had been delayed due to a legal dispute involving contractual employees working with NMMC. The employees had approached the Bombay High Court seeking protection for their jobs, following which the court had directed the civic body to hold back the examination scores.

The situation changed after the court allowed NMMC to proceed with the recruitment process while ensuring that the existing contractual employees would not lose their current service. Accordingly, NMMC will now publish the scorecards for all 30 categories on its official website on September 11.

There are currently around 477 contractual employees in the civic body. Their positions will be protected, while appointments to the remaining vacancies will proceed according to the recruitment process and the court’s final decision. For candidates who have been waiting for more than a year, the scorecard release will be an important step towards knowing their chances of securing a job with NMMC.

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