Live now
Oct 09, 2017 12:09 PM IST IST | Source: Moneycontrol.com
Select Language
- Home
- News
- Markets
- Portfolio
- Watchlist
- Forum
- Live TV & Shows
- Videos
- Commodities
- Currencies
- Mutual Funds
- Personal Finance
-
Property
Specials
Subscriptions
highlights
North Korea leader Kim Jong Un defended his nuclear-weapons program in a weekend speech, calling it a “treasured sword” protecting the country’s independence, as US President Donald Trump said “only one thing will work” to rein in Pyongyang’s nuclear ambitions, reports The Wall Street Journal.
Indian Energy Exchange is ideal for risk-averse long-term investors, who wants steady cash flow of a debt instrument but do not want to invest in debt but at the same time fear taking excessive risks of investing in equity, finds Moneycontrol Research’s Jitendra Kumar Gupta.
The Gujarat High Court has commuted the death sentences of 11 convicts to life imprisonment in a 2002 Godhra train burning case. The court said that the state government had failed to maintain law and order.
Coach S-6 of the Sabarmati Express, in which 59 people, mostly 'kar sevaks' returning from Ayodhya were travelling, was burnt on February 27, 2002 at the Godhra station, triggering riots in the state. The special SIT court had on March 1, 2011 convicted 31 people and acquitted 63 in the case. While 11 people were sentenced to death, 20 were given life in jail. Later, several appeals were filed in the High Court challenging the conviction, while the state government had questioned the acquittal of 63 people.
The Supreme Court has placed a ban on sale of firecrackers in the Delhi-National Capital Region (NCR) during the upcoming festive season of Diwali. The ban will remain in effect till November 1. The court said it wanted to evaluate the difference to air quality. A bench headed by Justice AK Sikri had on October 6 reserved its order on a plea seeking restoration of the apex court's last year order banning the sale of firecrackers in Delhi-NCR. The top court, through its November 11 order last year, had suspended all licences which "permit the sale of fireworks, wholesale and retail within the territory of NCR".
Days after Dera Sacha Sauda chief Gurmeet Ram Rahim Singh's aide de camp and adopted daughter Honeypreet Insan was arrested on October 3, the police has accused her of misleading the investigation and has taken her to an undisclosed location for questioning, reports Firstpost. In order to avoid media presence, the police staged a drama and took female police personnel dressed as dummies of Honeypreet and her aide Sukhdeep Kaur in police convoys, while actually taking the two accused later to an undisclosed location for questioning.
The voice samples in audio clips where alleged payments to the BJP high command are being discussed belong to former Karnataka chief minister BS Yeddyurappa and Parliamentary Affairs Minister Ananth Kumar, a forensic investigation has revealed. A report by the Forensic Sciences Lab accessed by CNN-News18 brings fresh trouble for the Karnataka BJP heavyweights months before Assembly elections in the southern state where the saffron party is trying to wrest power from the Congress.
The audio clip in question dates to February 12 when the two leaders were purportedly discussing about a diary recovered from a Congress leader which contained details of alleged payments made to the Congress leadership. In the clip, the two leaders purportedly discussed that they too had given money to the BJP leadership, but never kept a diary. The conversation was picked up by an open mic at a BJP event.
Republican senator Bob Corker has warned that Donald Trump risks setting the nation “on the path to world war three” as the pair continued to exchange public barbs, reports The Guardian. The US president had blamed his former political ally for the Iran nuclear deal in a series of derisive Twitter posts that drew a sharp riposte from Corker, who chairs the important Senate foreign relations committee.
Corker said he was alarmed about a president who acts “like he’s doing The Apprentice or something’ – in a reference to the reality television show that Trump had once hosted. On Sunday, Trump tweeted that Corker had “begged him” to for his endorsement in Tennessee but “I said ‘NO’ and he dropped out (said he could not win without my endorsement),” Trump wrote. An hour later Corker tweeted back: “It’s a shame the White House has become an adult day care center. Someone obviously missed their shift this morning.”
In an interview to Mint two days after the October monetary policy that left the policy rate unchanged, raised the year-end inflation projection marginally and pared the growth projection for fiscal 2018, Reserve Bank of India Governor Urjit Patel said there are visible signs of upturn and economic growth is likely to exceed 7% in the last two quarters of the year as projected in last week’s monetary policy report.
Mahindra & Mahindra is in early talks with its partner Ford Motor Co to procure a vehicle platform on which the Mumbai-based company aims to build an all new electric sedan, reports Mint. In lieu of this platform, M&M will share its affordable electric vehicle technologies with Ford, which the American company plans to use in its entry-level cars such as Figo and Aspire.
The bull run in Indian sovereign bonds is petering out as accelerating inflation and the risk of worsening public finances cloud the outlook for Asia’s highest-yielding securities, reports Bloomberg. The benchmark 10-year yield, up 24 bps in 2017, may climb further as rising living costs prevent the Reserve Bank of India from cutting interest rates, according to HSBC Holdings and Emkay Global Financial Services. A potential increase in government borrowing, which will boost debt supply, also threatens to depress bond prices, after the yield sank 231 bps in the last three years. In fact, Emkay said the best phase of the bond market may be behind us.
North Korea is preparing to test a long-range missile, which it believes can reach the west coast of the United States, reports Reuters, quoting a Russian lawmaker who has returned from a visit to Pyongyang. Anton Morozov, a member of the Russian lower house of parliament's international affairs committee, and two other Russian lawmakers visited Pyongyang on October 2-6, Russia's RIA news agency reported. "They are preparing for new tests of a long-range missile. They even gave us mathematical calculations that they believe prove that their missile can hit the west coast of the United States," RIA quoted Morozov as saying.
A government audit of central universities has suggested that the words ‘Muslim’ and ‘Hindu’ be dropped from the names of Aligarh Muslim University (AMU) and Banaras Hindu University (BHU), respectively, to reflect their secular character, The Indian Express has learnt. The suggestion is contained in an audit of AMU by one of five committees set up by the University Grants Commission (UGC) on April 25 at the behest of the HRD Ministry to probe complaints of irregularities against 10 central universities.
Two days after seven military personnel were killed in a helicopter crash in Tawang, purported images of their bodies being transferred in cardboard boxes surfaced on Sunday, triggering an outrage. India TV reports that this prompted the Army to come out with a tweet saying the wrapping of the bodies with local resources was an “aberration” and that the fallen soldiers are always given full military honour.
The rhetoric between North Korea and United States continued over the weekend. On Saturday, US President Donald Trump said “only one thing will work” in dealing with the isolated country. His comments seemed to suggest that military action was on his mind. Few hours later, Reuters reported that North Korea’s leader Kim Jong Un said his nuclear weapons were a “powerful deterrent” that guaranteed its sovereignty. In a meeting of the powerful Central Committee of the ruling Workers’ Party on Saturday, Kim Jong Un’s sister, Kim Yo Jong, was made an alternate member of the politburo - the country’s top decision-making body.
North Korea leader Kim Jong Un defended his nuclear-weapons program in a weekend speech, calling it a “treasured sword” protecting the country’s independence, as US President Donald Trump said “only one thing will work” to rein in Pyongyang’s nuclear ambitions, reports The Wall Street Journal.
Top Headlines
1. North Korea to test a long-range missile with the US west coast in sight, reports Reuters
2. Gujarat HC commutes death sentences of 11 convicts in Godhra train burning case
3. Supreme Court bans sale of firecrackers in Delhi till November 1
4. Urjit Patel sees GDP growth exceeding 7% in H2 FY18, reports Mint
5. Trump risks putting US 'on path to world war three', Bob Corker tells The Guardian
6. Tawang chopper crash: Images of soldiers' bodies spark outrage, Indian Army calls it 'aberration'.
7. UGC panel wants 'M' from AMU, 'H' from BHU removed, reports The Indian Express
Indian Energy Exchange is ideal for risk-averse long-term investors, who wants steady cash flow of a debt instrument but do not want to invest in debt but at the same time fear taking excessive risks of investing in equity, finds Moneycontrol Research’s Jitendra Kumar Gupta.
Jindal Steel & Power has sold two oxygen plant assets to SREI Equipment Finance for Rs 11.21 billion. The steelmaker said it also signed a lease-back deal with the company which finances construction equipment purchases and will continue to operate the assets for manufacturing steel. The assets are located at the company’s plants in Chhattisgarh and Odisha.
German industrial production jumped more than expected in August, posting its biggest monthly increase in more than six years, data showed on Monday, in a further sign that Europe’s biggest economy is set for solid growth in the Q3. Industrial output increased by 2.6% on the month in August after edging down by 0.1% in July, data from the Economy Ministry showed. That was the strongest monthly gain since July 2011 and easily beat expectations in a Reuters poll for a 0.7% rise, surpassing even the most optimistic estimate.
Here's the latest update on the MAS Financial Services IPO: Total subscription 2x, Retail 2.8x, QIB 1.79x & NII 0.3x
“We have gone through the entire evidence…. We have basically relied on passengers, injured victims, railway employees, forensic evidence, statements of witnesses…. We have also considered the question of compensation which was not considered by the trial court,” Justice Dave said.
The Gujarat High Court has also ordered the state government to pay a compensation of Rs 10 lakh each to the kin of the kar sevaks killed in the Godhra train burning incident.
The Gujarat High Court has commuted the death sentences of 11 convicts to life imprisonment in a 2002 Godhra train burning case. The court said that the state government had failed to maintain law and order.
Coach S-6 of the Sabarmati Express, in which 59 people, mostly 'kar sevaks' returning from Ayodhya were travelling, was burnt on February 27, 2002 at the Godhra station, triggering riots in the state. The special SIT court had on March 1, 2011 convicted 31 people and acquitted 63 in the case. While 11 people were sentenced to death, 20 were given life in jail. Later, several appeals were filed in the High Court challenging the conviction, while the state government had questioned the acquittal of 63 people.
The Supreme Court has placed a ban on sale of firecrackers in the Delhi-National Capital Region (NCR) during the upcoming festive season of Diwali. The ban will remain in effect till November 1. The court said it wanted to evaluate the difference to air quality. A bench headed by Justice AK Sikri had on October 6 reserved its order on a plea seeking restoration of the apex court's last year order banning the sale of firecrackers in Delhi-NCR. The top court, through its November 11 order last year, had suspended all licences which "permit the sale of fireworks, wholesale and retail within the territory of NCR".
Days after Dera Sacha Sauda chief Gurmeet Ram Rahim Singh's aide de camp and adopted daughter Honeypreet Insan was arrested on October 3, the police has accused her of misleading the investigation and has taken her to an undisclosed location for questioning, reports Firstpost. In order to avoid media presence, the police staged a drama and took female police personnel dressed as dummies of Honeypreet and her aide Sukhdeep Kaur in police convoys, while actually taking the two accused later to an undisclosed location for questioning.
India’s electric vehicle push: Can India go from 1 to 100 in 13 years?
The voice samples in audio clips where alleged payments to the BJP high command are being discussed belong to former Karnataka chief minister BS Yeddyurappa and Parliamentary Affairs Minister Ananth Kumar, a forensic investigation has revealed. A report by the Forensic Sciences Lab accessed by CNN-News18 brings fresh trouble for the Karnataka BJP heavyweights months before Assembly elections in the southern state where the saffron party is trying to wrest power from the Congress.
The audio clip in question dates to February 12 when the two leaders were purportedly discussing about a diary recovered from a Congress leader which contained details of alleged payments made to the Congress leadership. In the clip, the two leaders purportedly discussed that they too had given money to the BJP leadership, but never kept a diary. The conversation was picked up by an open mic at a BJP event.
Jaiprakash Associates stock rose nearly 4% after the company’s board on Saturday approved the transfer of certain assets and liabilities, including debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development as part of its efforts to cut the overall borrowing of the company. The company had called a board meeting to consider the recommendations of the audit committee on the debt restructuring process approved by the Joint Lenders' Forum.
Lovable Lingerie scrip has fallen over 5% after the company's board approved a buyback of equity shares. The board at their meeting held on October 6 has passed a resolution for buyback of equity shares at Rs 250 per share. The company is buying back up to 20,00,000 fully paid up equity shares (up to 11.9%) for a total consideration of up to Rs 50,00,00,000.
Republican senator Bob Corker has warned that Donald Trump risks setting the nation “on the path to world war three” as the pair continued to exchange public barbs, reports The Guardian. The US president had blamed his former political ally for the Iran nuclear deal in a series of derisive Twitter posts that drew a sharp riposte from Corker, who chairs the important Senate foreign relations committee.
Corker said he was alarmed about a president who acts “like he’s doing The Apprentice or something’ – in a reference to the reality television show that Trump had once hosted. On Sunday, Trump tweeted that Corker had “begged him” to for his endorsement in Tennessee but “I said ‘NO’ and he dropped out (said he could not win without my endorsement),” Trump wrote. An hour later Corker tweeted back: “It’s a shame the White House has become an adult day care center. Someone obviously missed their shift this morning.”
In an interview to Mint two days after the October monetary policy that left the policy rate unchanged, raised the year-end inflation projection marginally and pared the growth projection for fiscal 2018, Reserve Bank of India Governor Urjit Patel said there are visible signs of upturn and economic growth is likely to exceed 7% in the last two quarters of the year as projected in last week’s monetary policy report.
Mahindra & Mahindra is in early talks with its partner Ford Motor Co to procure a vehicle platform on which the Mumbai-based company aims to build an all new electric sedan, reports Mint. In lieu of this platform, M&M will share its affordable electric vehicle technologies with Ford, which the American company plans to use in its entry-level cars such as Figo and Aspire.
The Tata Teleservices scrip is down over 13% after the Tata Group informed the government on Friday that it plans to shut its wireless business, bringing an end to its 21-year-old phone services venture. Tata Group Chief Financial Officer Saurabh Agrawal and Tata Teleservices Managing Director N Srinath were among executives who met DoT officials and discussed ways of surrendering or selling their existing spectrum holdings.
The bull run in Indian sovereign bonds is petering out as accelerating inflation and the risk of worsening public finances cloud the outlook for Asia’s highest-yielding securities, reports Bloomberg. The benchmark 10-year yield, up 24 bps in 2017, may climb further as rising living costs prevent the Reserve Bank of India from cutting interest rates, according to HSBC Holdings and Emkay Global Financial Services. A potential increase in government borrowing, which will boost debt supply, also threatens to depress bond prices, after the yield sank 231 bps in the last three years. In fact, Emkay said the best phase of the bond market may be behind us.
A clip of Maharashtra Chief Minister Devendra Fadnavis in the run-up to the 2014 assembly polls has left him red-faced. Fadnavis is heard saying "the Congress-NCP government must be ousted as it has plunged the state into darkness." Today, the once power-surplus state is once again reeling under a power crisis, forcing Fadnavis to step in to tackle the situation, reports The Times of India.
North Korea is preparing to test a long-range missile, which it believes can reach the west coast of the United States, reports Reuters, quoting a Russian lawmaker who has returned from a visit to Pyongyang. Anton Morozov, a member of the Russian lower house of parliament's international affairs committee, and two other Russian lawmakers visited Pyongyang on October 2-6, Russia's RIA news agency reported. "They are preparing for new tests of a long-range missile. They even gave us mathematical calculations that they believe prove that their missile can hit the west coast of the United States," RIA quoted Morozov as saying.
Heavy rains affected flight operations at the Mumbai airport on Monday, the second time in less than a month, causing delays. PTI reports that rains had led to a pothole on one of the taxiways, forcing the airport authorities to shut the main runway and resulting in delays in aircraft movement. This was the second time in less than a month that the Mumbai International Airport (MIAL), the GVK-led joint venture airport company, had to shut the main runway, 009/27, for operations.
Union Home Minister Rajnath Singh said Indian soldiers along the Indo-Pakistan border had been gunning down at least five-six terrorists every day and that he had told them to give a fitting reply if Pakistan opened fire, reports PTI. He said the neighbouring country had been sending terrorists to India with nefarious designs and the Indian soldiers had been gunning down at least five-six of them every day.
Recently-appointed Tata Sons Chairman Natarajan Chandrasekaran is clear in his mind that the sprawling Tata Group has to be streamlined -- with several businesses needing to be consolidated, and others scaled up further. In an interview with CNBC-TV18, Chandrasekaran said he has been busy collecting data, formulating strategy, building a team and laying out a capital allocation plan for the over $100 billion group.
To know what to expect in the market watch video below
A government audit of central universities has suggested that the words ‘Muslim’ and ‘Hindu’ be dropped from the names of Aligarh Muslim University (AMU) and Banaras Hindu University (BHU), respectively, to reflect their secular character, The Indian Express has learnt. The suggestion is contained in an audit of AMU by one of five committees set up by the University Grants Commission (UGC) on April 25 at the behest of the HRD Ministry to probe complaints of irregularities against 10 central universities.
Shiv Sena chief Uddhav Thackeray dared his party's ruling ally BJP to "resign" from the Maharashtra government and face midterm polls, reports PTI. The state's ruling partners are also part of the NDA at the Centre, but relations between them are strained for quite some time. "I challenge you to resign from the government and face polls once again. We will show you the Shiv Sena's power. Even during the (Modi) wave, the BJP got votes in Sena's name," Thackeray said, addressing a rally for a local election in Nanded.