Siddaramaiah says BJP trying to destabilise Congress government in Rajasthan

News Network
July 28, 2020

Bengaluru, Jul 28: Congress leader Siddaramaiah on Monday alleged that BJP is trying to destabilise the Congress government in Rajasthan.

"It is the duty of the Governor to act according to the decision of the state cabinet. But he is acting like a central government puppet," he said at a protest organised here by Karnataka Pradesh Congress Committee (KPCC).

He said the Congress is protesting across the country to save democracy and save the constitution.

"We are not fighting through violence. We are protesting peacefully. The Constitution has given the right to protest in a democratic system," he said.

He accused the BJP of "being disrespectful" to the Constitution.

"Governments must walk within the framework of the Constitution. The Constitution gives everyone rights and duties. BJP destabilises elected governments and buys our legislators by horse-trading by spending crores of money. The same thing happened in Karnataka as well," he alleged.

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Agencies
September 14,2020

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New Delhi, Sept 14: Domestic equity benchmark Sensex jumped over 300 points in early trade on Monday tracking gains in index majors Reliance Industries, HDFC twins and HCL Tech amid positive global cues and fresh foreign fund inflow. The 30-share BSE index was trading 340.10 points or 0.88 per cent higher at 39,194.65; while the NSE Nifty rose 89.15 points or 0.78 per cent to 11,553.60.

HCL Tech was the top gainer in the Sensex pack, surging around 5 per cent, followed by Tech Mahindra, HDFC duo, Reliance Industries, TCS, SBI and IndusInd Bank. On the other hand, HUL, Asian Paints, Maruti, Bajaj Auto and Nestle India were among the laggards.

In the previous session, Sensex ended 14.23 points or 0.04 per cent higher at 38,854.55, while the broader Nifty rose 15.20 points or 0.13 per cent to close at 11,464.45. Exchange data showed that foreign institutional investors bought equities worth Rs 1,175.81 crore on a net basis on Friday. Domestic equities opened on a positive note tracking positive cues from global markets and persistent foreign fund inflow, traders said.

Bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with gains in mid-day deals after Biopharmaceutical giant AstraZeneca and the University of Oxford on Saturday resumed trials for their coronavirus vaccine in the UK after the Medicines Health Regulatory Authority's approval. The human trials resumed days after a pause was announced in the trials after an adverse reaction in one of the participants. Meanwhile, global oil benchmark Brent crude was trading 0.35 per cent lower at USD 39.97 per barrel. 

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News Network
September 21,2020

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Noida, Sept 21: Financial services app Paytm has accused Google of making policies that are over and above the laws of India after it was briefly delisted from the Playstore last week.

"As a startup, we are running law-abiding businesses and building for India. Google and its employees are making policies which are over and above the laws of our country, and are arbitrarily implementing them," it said in a blogpost.

Paytm said Google owns Android which is the operating system on which over 95 per cent of smartphones in India run. Google, as a result, has enormous control over which apps you download through its Playstore policies.

"It also makes billions of dollars in advertising revenues from the Indian startups that make these apps. In many cases like maps, email, payments, shopping and cloud storage, Google also has apps that compete with other apps, including, of course, the apps that are made by Indian startups."

Paytm said it had launched a campaign where users could collect cricket stickers and scratch cards to earn UPI cashback. The offer was applicable on recharges, utility payments, UPI money transfers and adding money to Paytm wallet.

On September 18, it got an email from Google Play Support informing that the Paytm Android app had been delisted.

This was the first time that Google was sending it a notification regarding its UPI cashback and scratch cards campaign.

"Contrary to accepted practise, we were not given any opportunity to respond to their concerns or put forth our views. We maintain that our cashback campaign was within guidelines, as well as all laws of the land. We did not break any rules and there was no violation. It is not related to gambling in any manner whatsoever," said Paytm.

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Agencies
September 17,2020

Mumbai, Sept 17: Equity indices snapped a two-session rising streak to close with sharp losses on Thursday, in lockstep with global markets which recoiled after sobering economic assessment by the US Federal Reserve.

A weakening rupee and lack of fresh buying triggers further weighed on market mood, traders said.

The 30-share BSE Sensex opened lower and stayed in the negative zone throughout the session. It finally finished at 38,979.85, down by 323 points or 0.82 per cent.

Similarly, the NSE Nifty shed 88.45 points or 0.76 per cent to close at 11,516.10.

Bajaj Finserv was the top laggard in the Sensex pack, slipping 2.23 per cent, followed by PowerGrid, L&T, TCS, ICICI Bank, Kotak Bank, Tata Steel and Bajaj Finance.

On the other hand, HCL Tech, Infosys and Maruti finished with gains of up to 2.36 per cent.

Global equities swooned after the US Federal Reserve did not unveil any additional stimulus measures at its policy meet, even though it hinted at the key interest rate staying close to zero at least through 2023.

Federal Reserve Chairman Jerome Powell also said the economic outlook is "highly uncertain", stoking fears of more pain in store for businesses.

"Indian markets reacted in sync with global markets, after the US Fed reserve failed to keep up with the expectations of the investors. In spite of pledging to keep interest rates low, markets were disappointed on the lack of further inputs or immediate stimulus measures.

"Continued border tensions with China also worried Indian markets. Markets are expected to remain uncertain and investors advised to remain cautious," said Vinod Nair, Head of Research at Geojit Financial Services.

BSE realty, metal, bankex, capital goods, finance, power and utilities indices dropped as much as 1.87 per cent, while healthcare, IT and teck closed in the green.

Broader BSE mid-cap and small-cap indices fell up to 0.53 per cent.

Shares of Happiest Minds Technologies made a stellar debut on the bourses, listing with a premium of over 111 per cent against its issue price of Rs 166. The stock finally finished at Rs 371, up 123.49 per cent over the issue price.

Bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with significant losses.

Stock exchanges in Europe too opened on a negative note. M

Meanwhile, global oil benchmark Brent crude was trading 0.26 per cent lower at USD 42.11 per barrel.

The rupee depreciated 14 paise to close at 73.66 against the US dollar.

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