Equity indices trade firm, auto stocks surge

Agencies
March 1, 2021

West Coast Paper Mills shares rally 13% on decision to acquire stake in  International Paper - cnbctv18.com

Mumbai, Mar 1: Equity benchmark indices traded firm during early hours on Monday on the back upbeat global sentiment and India getting technically out of recession with Q3 GDP data showing 0.4 per cent growth.

At 10:15 am, the BSE S&P Sensex was up by 735 points or 1.5 per cent at 49,806 while the Nifty 50 edged higher by 210 points or 1.45 per cent to 14,739.

All sectoral indices at the National Stock Exchange were in the green with Nifty auto up by 2.2 per cent, financial service by 2 per cent, private bank by 1.8 per cent and IT by 1.5 per cent.
Among stocks, Hero MotoCorp surged by 3.7 per cent to Rs 3,334.40 per share and Mahindra & Mahindra by 3.5 per cent to Rs 835.30.

Power Grid Corporation ticked up by 3.5 per cent, ONGC by 3.3 per cent and Titan by 2.9 per cent. However, Bharti Airtel fell by 2.3 per cent, SBI Life by 0.6 per cent and Hindalco by 0.5 per cent.

Meanwhile, Asian shares rallied as some semblance of calm returned to bond markets after last week's ride. Progress in the huge US stimulus package underpinned optimism about the global economy also sent oil prices higher.

MSCI's broadest index of Asia Pacific shares outside Japan edged up by 0.8 per cent. Japan's Nikkei rallied by 2.1 per cent while Chinese blue chips added 0.5 per cent.

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News Network
September 3,2024

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Mangaluru: Praveen Chandra Alva, the opposition leader in the Mangaluru City Corporation (MCC) council, has strongly criticized the BJP-led administration for its inability to address key civic issues over the past four years. 

Alva highlighted several unaddressed concerns, including increased property taxes, discrepancies in water bills, delayed Smart City projects, unfinished market complexes, and stalled development initiatives like the Jalasiri 24x7 drinking water scheme and housing projects.

Speaking to reporters, Alva condemned Mayor Sudheer Shetty Kannur's leadership, describing his contributions as negligible. Alva further accused the BJP of orchestrating disruptions during the recent council meeting to divert attention from their administrative shortcomings.

"The mayor exhibited a dictatorial attitude by preventing the opposition from speaking during the council meeting. He broke tradition by delivering a speech on his supposed achievements instead of allowing the opposition to use their designated time during zero hour," Alva stated.

He also criticized the mayor for not following the customary practice of inviting opposition leaders and senior corporators to his chamber after the council meeting adjourned.

Alva emphasized the lack of progress on various civic projects under Mayor Shetty’s tenure, pointing out persistent issues such as overflowing underground drains, increased property taxes, and inconsistent water billing. "During the Congress administration, there was no increase in property taxes or water cess. In contrast, the BJP has imposed a heavier financial burden on the people. Despite nearly 5,000 pending applications, not a single house has been allocated to the poor in the past four years," Alva claimed.

When asked about Congress-nominated corporator Kishor Shetty, who was recently booked for throwing stones during a protest against Governor Thawar Chand Gehlot, Alva condemned the act but noted that the police filed an FIR against Shetty even under a Congress-led state government.

Corporator AC Vinayaraj added that Kishor Shetty is an accused in the case and will face consequences if proven guilty, suggesting that the BJP is highlighting this issue to deflect from their own failures. Senior corporator Shashidhar Hegde echoed these sentiments, reminding the public that there was no hike in property taxes or water bills during the Congress tenure in the MCC.

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News Network
August 29,2024

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Bengaluru: Kannada film star Darshan Thoogudeepa was moved from the Bengaluru prison to the Ballari jail amid tight security on Thursday morning.

Darshan, a Kannada A-lister, is in judicial custody till September 9, along with 16 others, for the murder of Chitradurga native Renukaswamy.

According to officials, Darshan was escorted out of Bengaluru's Parappana Agrahara Central Prison in a police SUV around 4 am and then moved into a police van near Chikkaballapura. The van with Darshan on board reached the Ballari prison around 9.30 am.

Sources said that the actor was escorted via Andhra Pradesh route to avoid security lapses.

Darshan entered the prison flanked by police officials. He wore a black Puma T-shirt but was seen without his hairpiece.

A Bengaluru court ordered the transfer of Darshan and nine other suspects in Renukaswamy’s murder after photographs of the actor enjoying “special privileges” at the Parappana Agrahara prison went viral.

The actor was seen hobnobbing with gangsters, smoking a cigarette and sipping a cuppa. Fresh cases were also registered against the actor and others.

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News Network
August 28,2024

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The Israeli military has carried out airstrikes against several towns across the occupied West Bank, leaving at least 11 Palestinians dead and 15 others wounded, the Palestine Red Crescent Society (PRCS) says.  

Ahmed Jibril, spokesman of the PRCS said on Wednesday that two Palestinians were killed after Israeli forces launched a drone strike on the city of Jenin, adding that four others lost their lives in a drone assault on their vehicle in a nearby village.

Five others were also killed in an Israeli strike on the al-Fara refugee camp located south of the West Bank city of Tubas, he said.

Israeli tanks also besieged the camp, preventing medical teams from reaching the wounded.

Israel deployed hundreds of troops to the cities of Jenin, Tulkarm and Tubas to carry out large-scale military operations in those areas.

The raids were met with strong resistance from Palestinian fighters, who destroyed Israeli bulldozers.

Meanwhile, the official Palestinian news agency Wafa said the operation is part of a wide-scale military offensive launched by the Israeli occupation authorities in several areas of the West Bank.

Israeli forces were carrying out a “major offensive in the city of Tulkarm,” besieging hospitals and preventing Palestinians from moving in and out of the city, according to Wafa.

The bloody attacks came two days after seven Palestinians were killed in an Israeli drone strike on a house in al-Manshiya neighborhood at the Nour Shams refugee camp near the city of Tulkarm in northwestern West Bank.

A number of others were also wounded during the raid on Monday, which saw the Israeli aircraft releasing several missiles against the targeted residence.

Israel has ramped up attacks on Palestinian towns and cities throughout the occupied territories since the beginning of Israel's genocidal war on Gaza. More than 640 Palestinians have been killed in the assaults and in attacks by Israeli settlers, including more than 100 children.

Israel launched the barbaric campaign of death, destruction and genocide in Gaza on October 7, 2023 after the Palestinian resistance movement Hamas waged the surprise Operation Al-Aqsa Storm against the occupying entity in response to the Israeli regime's decades-long campaign of bloodletting and devastation against Palestinians.

Israel has so far massacred 40,476 Palestinians, mostly women and children.

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