Sensex Surges 300 Points Huge Inflows in Oil and Gas Investors Shrug

first_imgDespite concerns regarding Iraq crises, investors helped surge the prices of oil and gases on Tuesday. Brent crude futures closed at $113 per barrel on Tuesday, amid the deteriorating situation in Iraq.IndexIndexCurrentCurrentChange (in points)Change (in points)Percent changePercent changeIndexS&P BSE SENSEXCurrent25521.19Change (in points)+330Percent change+1.31IndexS&P BSE 100Current7750.84Change (in points)+106.73Percent change+1.40IndexS&P BSE 200Current3116.33Change (in points)+41.70Percent change+1.36 S&P BSE 1007750.84+106.73+1.40 Suzlon Energy29.50-1.55-4.99 “We have seen a minor correction, and it’s giving an entry point to people who were not part of the earlier rally. Markets are likely to trade range-bound till the budget and we may see some portfolio shuffling,” Reuters quoted Suresh Parmar, head of institutional equities at Khandelwal Jain Management Consultancy (KJMC).”It’s still a buy-on-dip market and the outlook is positive,” he added.Price of six stocks declined among 30 listed companies in BSE index. They include Bajaj Auto, Cipla Ltd, Dr. Reddy’s Laboratories, Hero MotoCorp Ltd and Hindustan Unilever Ltd.Hang Sent Index closed at 23,203.59 points, with a decline of 97.08 points and a 4.02 percent change, while Japan’s Nikkei 225 closed at 14,975.97 points, with an incline of 42.62 points and a 0.29 percent change.Top Gainers:Name/SymbolName/SymbolPrice in INRPrice in INRChange (in points)Change (in points)Percent changePercent changeName/SymbolJPINFATECHPrice in INR33Change (in points)+3.75Percent change+12.82Name/SymbolIRB InfraPrice in INR209.60Change (in points)+15.20Percent change+7.82Name/SymbolIFCIPrice in INR40.20Change (in points)+2.15Percent change+5.65Name/SymbolHindustan CorpPrice in INR114.15Change (in points)+6.00Percent change+5.55Name/SymbolFederal BankPrice in INR125.10Change (in points)+5.95Percent change+4.99 Godrej Cons813.55-17.80-2.14 IndexCurrentChange (in points)Percent change 52 week High: 25,735.9052 week Low: 17,448.70 IFCI40.20+2.15+5.65 S&P BSE SENSEX25521.19+330+1.31 Bhushan Steel406.85-8.05-1.94 IRB Infra209.60+15.20+7.82 JPINFATECH33+3.75+12.82 INR strengthened at 60.1350 a dollar, with change of 0.0300 points and 0.05 percent. However, it opened weak at early trade at 60.3525 per dollar. Moreover, among 13 Asia-Pacific currencies, six currencies inclined among INR while the remaining seven declined.Top Losers:Name/SymbolName/SymbolPrice in INRPrice in INRChange (in points)Change (in points)Percent changePercent changeName/SymbolSuzlon EnergyPrice in INR29.50Change (in points)-1.55Percent change-4.99Name/SymbolSun TV NetworkPrice in INR434.10Change (in points)-9.80Percent change-2.21Name/SymbolGodrej ConsPrice in INR813.55Change (in points)-17.80Percent change-2.14Name/SymbolBhushan SteelPrice in INR406.85Change (in points)-8.05Percent change-1.94Name/SymbolMahindra & MahindraPrice in INR1180.80Change (in points)-19.90Percent change-1.66 BSE index ended up at 25,521 points with an incline of 330.71 points at 1.31 percent change, while Nifty reached 7631.70 points, surging 98.15 points with a 1.3 percent change.Day’s High: 52,545.90Day’s High: 52,545.90Day’s Low: 25,104.50Day’s Low: 25,104.50Day’s High: 52,545.9052 week High: 25,735.90Day’s Low: 25,104.5052 week Low: 17,448.70 Name/SymbolPrice in INRChange (in points)Percent change Federal Bank125.10+5.95+4.99 Mahindra & Mahindra1180.80-19.90-1.66 Sun TV Network434.10-9.80-2.21 Hindustan Corp114.15+6.00+5.55 Name/SymbolPrice in INRChange (in points)Percent change Day’s High: 52,545.90Day’s Low: 25,104.50 The standard and poor BSE index of oil and gas touched 11,690.27 at 324.86 incline and 2.86 percent change. The stock price of ONGC touched Rs. 444.55 with an incline of Rs. 17.40 and a 4.07 percent change. Besides, the stock price of Banks and capital goods surged on Tuesday. S&P BSE 2003116.33+41.70+1.36last_img read more

Student loans taking a bite out of housing

first_imgStudent loans taking a bite out of housing1.2K viewsStudent loans taking a bite out of housing1.2K views00:00 / 00:00- 00:00:0000:00Student loans taking a bite out of housing1.2K viewsBusinessThe housing market has not been stellar. Housing starts fell two percent in a report on Wednesday a day after a decline in builder sentiment. One reason for housing’s lackluster performance: risingVentuno Web Player 4.50The housing market has not been stellar. Housing starts fell two percent in a report on Wednesday a day after a decline in builder sentiment. One reason for housing’s lackluster performance: risinglast_img

100 new psychoactive substances detected in Europe in 2014

first_imgClose The production of psychoactive substances is on the rise is Europe with cannabis still being the most used drug in the European Union, the blocs drug agency said in its yearly report published on Thursday (4 June).The annual report published by the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) showed that over a hundred new psychoactive substances were detected in Europe in 2014 and risk assessments were conducted on six new drugs, marking record highs.The market for illicit drugs is the most dynamic of all criminal markets. It is a globalised and a rapidly changing market. The production of new psychoactive substances is increasingly taking place in the European Union moving closer to consumer markets. This growing criminal activity requires a clear, strong and coherent answer at European level, EU commissioner for migration, home affairs and citizenship Dimitris Avramopoulos said in Lisbon at the presentation of the annual report.Avramopoulos said that migration should not be linked to the drug trade, even if it has been confirmed that smugglers use migrants to traffic drugs.We must not link migration with drugs but, but as far as smugglers activities are concerned, yes it has been confirmed, they use this tool in order to conduct their operations. So, as we said recently in Brussels, we have declared war against smugglers and the ways they have adopted to exploit these desperate people, he said.Cannabis, the annual European Drug Report said, is still the most used drug in the EU and has been tried by an estimated 79 million Europeans over the course of their lives.Cannabis remains Europes most widely consumed illicit drug with some 20 million adults using it in the last year. About 1% of European adults are daily cannabis users, EMCDDA director Wolfgang Gotz said.The report stresses the major role played by cannabis in drug-related crime statistics and says it accounts for 80% of the number of seizures. Cannabis use or possession for personal consumption accounts for over 60% of all reported drug law offences in Europe, the report said.Gotz said there were no plans in Europe to go down the route of regulated sale of cannabis adopted in some parts of the Americas.In Europe I do not know any government or parliamentary majority backing a government that is currently seriously discussing cannabis legalisation or regulation in a different way, he said.The report stressed that in the EU the main concern remains the potential health costs of cannabis use, despite debate sparked by regulation of cannabis in parts of North and South America.Gotz also said there was no discussion in the bloc regarding the criminalisation of drug consumers.The other discussion which is, I think, in Europe quite accepted everywhere is that a drug consumer, a cannabis consumer in particular, should not be criminalised, and I think that is very much where we are in Europe, I dont see a discussion for the moment coming up, as it is, at the level of the Americas, he said.In December 2013, Uruguay became the first country to legalise the growing, sale and smoking of marijuana, a pioneering social experiment aimed at wresting the business from criminals that will be closely watched by others debating drug liberalisation.last_img read more

Warburg Pincus Eyeing to Buy OneFourth Stake in LT Finance Holdings

first_imgUS private equity fund Warburg Pincus is reported to have been in talks to buy a minimum of 25% stake in financial services firm L&T Finance Holdings.Reacting to the news, share prices of L&T Finance soared 7.8% to trade at ₹ 71.65 on Tuesday at the Bombay Stock Exchange (BSE).”Both Warburg Pincus and L&T Finance, which have agreed to a deal up to 25% stake, are now negotiating on the price,” a source close to the development told The Economic Times.A successful deal will result in L&T Finance offering fresh shares to Warburg, with parent company Larsen and Toubro (L&T) still remaining the majority stake holder.India’s largest engineering and constructions firm L&T has 72.95% stake in L&T Finance Holdings. L&T Finance earned a profit of ₹ 854.7 crore in the last fiscal year 2014-15.L&T is reported to have asked for a price of ₹ 83 per share, which takes the deal size to ₹ 3,574 crore.The company is expected to use funds raised from stake sale to strengthen its “capital base” and scaling up its operations in financing trucks, commercial vehicles and construction equipment.Responding to the reports of stake sale, L&T Finance said “As a part of routine investor relations exercise, we keep meeting investors from time to time. We have no further to comment.”Warburg Pincus is looking to expand its presence in financial services sector in the country. It had already invested in private banks such HDFC Bank and Kotak Mahindra Bank. It also holds a majority stake in non banking finance company Capital First.last_img read more

Super Singer Junior 6 winner Hrithik emerges victorious Soorya and Poovaiyar end

first_imgHrithik is the winner of Super Singer Junior 6.PR HandoutHrithik has emerged victorious in the sixth season of Super Singer Juniors. While Soorya is the first runner-up, Poovaiyar has ended up at the third place in Vijay TV’s popular show.The winner has walked away with Rs 50 lakh along with a trophy. Soorya bagged Rs 25 lakh worth gold prize, whereas Poovaiyar bagged Rs 10 lakh prize.”I am extremely happy to have won the trophy. I thank the people who voted for me, my trainers, judges and my school for their encouragement,” Hrithik said in his winning speech.The excited father of the winner thanked the entire Vijay TV for giving a platform for his son to show his singing skills. He had special mention for trainers, judges, his school and everyone who are one or the other way related to his son’s success. The curtains for the sixth season of Super Singer Junior was dropped on Sunday, 21 April. The grand finale of the Vijay TV or Star Vijay’s popular was held at the Nehru Stadium in Chennai.This season, six contestats like Ahana, Hrithik, Sinmaye, Anushya, Poovaiyar and Soorya had  entered the last stage of Super Singer 6. The budding talents consistently performed well for over five months to enter the grand finale of this season.The show was kicked-off in mid October with the channel bringing in the talents not just from Tamil Nadu, but from parts of world. Week after week, there were eliminations and finally it boiled down to the top six contestants of the season. In the end, Hrithik had the last laugh.The grand finale had two rounds and the winner was choosen based on the marks given by the judges like Shankar Mahadevan, Singer Chithra, Singer SPB charan and Singer Kalpana along with the viewers votes. 1/3 A picture from the grand finale of Super Singer Junior 6.PR HandoutA picture from Super Singer Junior 6 grand finale.PR HandoutVijay TV’s Super Singer Junior 6 grand finale.Vijay TVPreviousNextWhere and how to watch the Super Singer season 6 live online? The netizens can watch the entire program by downloading Hotstar app.Mobile users with an internet connection can catch the action live if they have subscriptions to satellite television providers like Tata Sky. Likewise, the audience can watch Sarkar audio launch from their phones by downloading respective apps from their mobile network operators.For example, if you are using Jio service, download Jio TV to watch the event live.last_img read more

Great Grand Masti Masti 3 Will leaked movie dampen hopes of a

first_img“Great Grand Masti” (“Masti 3″) is one of the five Hindi films that earned huge revenues for Balaji Telefilms in broadcasting and music deals, hence it will be interesting to see the Riteish Deshmukh-Urvashi Rautela starrer’s box office collection when it releases this Friday (July 15).This is so because the film was leaked online and High Definition (HD) prints were available for download, much to the detriment of the producer Balaji Telefilms, the film and television content company listed on Indian stock exchanges.”Great Grand Masti”, “Udta Punjab”, “Azhar”, “Flying Jat”, “Half Girlfriend” and “XXX” were listed as films by the company that had contributed substantially to its revenues.”Successfully closed revenue deals on 5 movies with key broadcasters, overseas and music deals for upcoming movies at Rs. 682.5 million,” the company said in its presentation posted on BSE website on May 18. It had listed “Azhar” as a co-produced movie, so it is presumed that the Rs. 682 million deal excludes the biopic.The makers of the adult comedy “Great Grand Masti” were forced to advance the release date by a week to July 15 after the print of the film — starring Riteish Deshmukh, Vivek Oberoi, Aftab Shivdasani and Urvashi Rautela in key roles — were leaked online. The leaked print had the water mark “censor copy” and could hit big box office collection prospects on release. The leak evoked outrage on Twitter, with several Bollywood celebs expressing annoyance at repeated instances of films being leaked online before their official release. The police have taken cognizance of the offence, with the crime branch of Mumbai police arresting nine persons under the Copyright Act. However, some people, after watching the leaked version are not impressed; while one had tweeted that the film is “disasppointing with its plot”, another comment described it as “pathetic & worthless”. #GreatGrandMasti to now release on 15th July.— taran adarsh (@taran_adarsh) July 6, 2016Shares of Balaji Telefims closed at Rs. 100.75 apiece on the BSE on Tuesday, almost flat from their Monday close.Hindi films are big money spinners, as is evident from two recent blockbusters — “Sultan” featuring Salman Khan and the multi-starrer “Housefull 3”.last_img read more

Sensex cracks after RBIs status quo on repo rate Sun Pharma tanks

first_imgKey equity benchmarks reversed all the gains and fell sharply in the last hour trade as the Reserve Bank of India (RBI) surprised the market by maintaining status quo in policy rates on Wednesday.While the 30-share index Sensex lost 0.59 percent to close at 26,236.87, the 50-share index Nifty ended the trade at 8,102.05, down 0.5 percent.Shares of Sun Pharma tanked 5.97 percent to close at Rs 664 as US drug regulator issued observations after inspecting company’s Halol plant. Banking shares also fell with Bank of Baroda and Axis Bank witnessing selling pressure on Wednesday.However, shares of Eicher Motors, HDFC, BPCL and Adani Ports bucked the trend and closed in the green. Market breadth turned negative with sharp fall in rate sensitive sectors post RBI’s decision not to cut policy rates. Slashing of GDP growth rate forecast by RBI also weighed on investors’ sentiments.However, the central bank’s decision to remove the incremental cash reserve for banks from December 10 provided some support to the market. After RBI’s decision not to change key policy rates, analysts were of the view that market would wait for upcoming Federal Reserve policy meeting scheduled on December 13-14 for future direction. Meanwhile, Indian currency appreciated 0.40 percent to close Wednesday trade at 67.93 against dollar.last_img read more

PV Sindhu is back Indian shuttler demolishes listless Chen Yufei to enter

first_imgSTR/AFP/Getty ImagesShe has been struggling this year but Olympic silver medalist PV Sindhu seems to be back to her best. Sindhu crushed China’s best hope and All England champion Chen Yufei in a one-sided contest 21-19, 21-10 at the 2019 Indonesia Open Super 1000 event in BWF World Tour. The match started on an even keel with Chen appearing in good form. But Sindhu showed great defence and managed to keep up with her Chinese opponent. The game was evenly poised at the first break in the first game. Both players were showing admirable defence and Yufei was playing some good shots. This allowed her to get a four-point lead. But then, Sindhu started to get momentum behind her and started playing some brilliant shots. What was impressive was Sindhu’s net play as she didn’t concede a single point when exchanging net shots. The first game went down to the wire but Sindhu managed to win it 21-19. The second game started well with the Chinese racing to a 4-0 lead. It seemed that the change of ends was favouring Yufei but then Sindhu tightened up her game and with her good shots turned the tables. After the mid-game break, it seemd that Yufei was out of steam or no longer interested in giving a fight. Sindhu bulldozed her opponent and raced to a comprehensive victory. She will now face Akane Yamaguchi in the final to win her first World Tour title this year.last_img read more

Kapil Sharma Show Sonakshi Sinha reveals why Salman Khan is still upset

first_imgSonakshi Sinha, Salman KhanInstagramThe Kapil Sharma Show may have been facing tough competition in the TRP race from other TV shows like Nach Baliye 9 and Kasautii Zindagii Kay 2. But the comedy show has never failed to entertain the audience by giving them a dose of heavy laughter every weekend. And this time, Sonakhi Sinha and rapper Badshah will be seen as the guests on the show. And while sharing some interesting stories about her life, Sonakshi revealed the reason why Salman Khan is still upset with her.So when Sonakshi was having a good time interacting with Kapil Sharma on the show, the comedian began dwelling on the past when Sonakshi had received her first ever salary cheque. While talking about it, Kapil informed the audience that Sonakshi’s proud mother Poonam Sinha had framed her first cheque on the walls of her house.To this Sonakshi added that she had volunteered for Lakme Fashion Week where she was supposed to help the guests find their seats. She stumbled upon Salman Khan who had then immediately asked her, “what are you doing here? Go loose some weight and do movies.”She said that Salman had then asked her if she was getting paid for the job. When Sonakshi replied with a ‘yes’, Salman asked her if she would take him out for dinner with her first salary. But she didn’t. And guess what, till date, Salman keeps taunting Sonakshi about the incident.Sonakshi also revealed that it was that time when Salman had offered her a role in Dabangg which turned out to be a blockbuster. She will now be seen in Dabangg 3 with Salman which also stars Kannda actor Kiccha Sudeep who plays the antagonist. The film is being directed by Prabhu Deva.Take a look. Salman Khan aaj tak Sonakshi se expect karte hain dinner ka invitation. Dekhiye #TheKapilSharmaShow, Sat-Sun raat 9:30 baje. @KapilSharmaK9 @kikusharda @haanjichandan @Krushna_KAS @bharti_lalli @sumona24 @RochelleMRao @apshaha @Banijayasia pic.twitter.com/V4qyl0ckae— Sony TV (@SonyTV) August 2, 2019last_img read more

Myanmar photojournalists freed on bail

first_imgPolice have released two Myanmar photojournalists covering the Rohingya crisis for a German magazine after they were granted bail by a court, police and a lawyer said.Minzayar Oo and Hkun Lat were detained early this month in the border district of Cox’s Bazar, where more than 420,000 Rohingya Muslims have sought refuge from violence in Myanmar’s Rakhine state since 25 August.Police have said they were arrested on suspicion of espionage-a charge rejected by the pair’s lawyers.“They were freed on bail,” a police inspector told AFP, speaking on condition of anonymity as he is not authorised to speak to the media.One of the pair’s lawyers, Jyotirmoy Barua, confirmed that the two were granted bail by a court of a judicial magistrate in Cox’s Bazar.It was not clear whether the two would be allowed to travel back to Myanmar.The lawyer said the two were charged with “false impersonation” and providing “false information” after police accused them of using tourist visas to enter the country, instead of journalist visas.Cox’s Bazar police, however, earlier told AFP the pair were also “primarily accused of espionage”.An award-winning photographer from Bangladesh also arrested with the pair was later freed.Scores of foreign journalists have poured into Bangladesh’s southeast to cover the Rohingya exodus.The UN has accused Buddhist-dominated Myanmar of waging an ethnic cleansing campaign against the stateless group.Minzayar Oo and Hkun Lat arrived in Cox’s Bazar in early September on assignment for Hamburg-based magazine Geo to cover the refugee crisis, which has strained relations between Muslim-majority Bangladesh and Myanmar.The lawyer described Minzayar Oo as “an award winning photographer whose work was published in reputed dailies and magazines including the New York Times, Guardian and National Geographic”.The New York-based Committee to Protect Journalists has urged Bangladesh to release the photographers and drop all charges against them.“The Bangladeshi authorities should not criminalise covering a major world story,” said CPJ deputy executive director Robert Mahoney said last week.“Both local and international journalists reporting on the Rohingya story must be allowed to work freely,” he said.Read more:Bangladesh accuses two Myanmar journalists of ‘espionage’last_img read more