Mid-Day Top News of this hour: Markets bearish on Monday and more

Welcome to MidDays Top News at this hour We bring you a curated selection of the most significant and compelling news from around the globe Stay informed with the latest developments in the nation Mumbai entertainment sports and more Lets dive into the headlines shaping our world todayMarkets tank in early trade dragged by Reliance Kotak Mahindra Bank weak global peersAlong with bearish global market trends Reliance Industries and Kotak Mahindra Bank led the early Monday morning drop in equities benchmark indices In early trading the 30share BSE Sensex dropped 504 points to 8010065 At 2436230 the NSE Nifty lost 1686 points The Sensexs biggest laggards were Kotak Mahindra Bank Reliance Industries Larsen amp Toubro ICICI Bank IndusInd Bank and Axis BankMumbai weather updateIncessant heavy rain continuesAfter incessant downpours over the weekend rains continued to lash Mumbai even on the first morning of the week Almost all parts of the city registered more than 100 mm of rainfall during night hours and it has continued leading to waterlogging in several areas A high tide of over 4 meters is expected to hit the city around 1 pm today if heavy rain keeps its pace the chances of widespread waterlogging are higher Read moreDhaba staff laid off as owners fear backlash from KanwariyasFor the past seven years Brijesh Pal a daily wager would work at aroadside dhaba in Khatauli area of Muzaffarnagar during the two months of Shravan to help his Muslim owner manage the heavy footfall of customers mainly the Kanwariyas He would get Rs 400600 and at least two meals every day for the job This year however his employer Mohammad Arsalan asked him to look for other jobs as he cannot afford to hire extra staff expecting that his earnings will take a hit due to the Uttar Pradesh governmentrsquos orders to owners of hotels restaurants food carts and eateries along the Kanwar Yatra route to display the names of their owners at their outlets Read MoreBangladesh top court scraps quotaBangladeshrsquos top courton Sunday scaled back a controversial quota system for government job applicants in a partial victory for student protesters after days of nationwide unrest and deadly clashes between police and demonstrators that have killed scores of people Read morePankaj Tripathi lsquoFun to explore when a powerful man fallsrsquoWhat happens when a king is dethroned Through his character Kaleen bhaiyya Pankaj Tripathi has shown the fall of power and its repercussions in the latest season of Mirzapur That the character was the criminal overlord in the past two seasons makes his loss of power all the more dramatic Read moreInjured Shreyanka ruled out Tanuja steps inYoung India spinnerShreyanka Patil has been ruled out of the remainder of the ongoing Womenrsquos Asia Cup T20 tournament after fracturing the fourth finger of her lefthand Shreyanka who had sustained the injury while attempting to take a catch during Indiarsquos opening match against Pakistan was replaced by Tanuja Kanwar in the squad the Asian Cricket Council said in a release Read more