Month: September 2019

BSE closes points 25133 down on Dec 12

first_imgBSE closes points 251.33 down on Dec 122.8K views00:00 / 00:00- 00:00:0000:00BSE closes points 251.33 down on Dec 122.8K viewsBusinessNew Delhi, Dec 12 (ANI): Trading at the Bombay Stock Exchange today closed 251.33 points down to stand at 27,350.68. At the National Stock Exchange the Nifty closed 68.80 points down to stand at 8,224.10. KPIT and AMARAJABAT were among the top gainers of Group A with an increase of 5.57% and 4.73% along with EMAMI LTD and Jubilant Food Works Ltd. with an increase of 4.32% and 4.24% respectively, while the top losers of Group A include Sunrise Asian LTD and PMC Fincorp LTD with a decrease 18.94% and 12.71% along with JETAIRWAYS and SUNTV with a decrease of 9.44% and 7.99% at the close of the markets. The Auto sector is down 86.93 points at 18,674.50 while the banking sector is down 113.96 points at 20,975.21 and the reality sector is down 40.20 points at 1,590.37. The Indian currency is up 0.01% at Rs 62.33 per dollar.Ventuno Web Player 4.50New Delhi, Dec 12 (ANI): Trading at the Bombay Stock Exchange today closed 251.33 points down to stand at 27,350.68. At the National Stock Exchange the Nifty closed 68.80 points down to stand at 8,224.10. KPIT and AMARAJABAT were among the top gainers of Group A with an increase of 5.57% and 4.73% along with EMAMI LTD and Jubilant Food Works Ltd. with an increase of 4.32% and 4.24% respectively, while the top losers of Group A include Sunrise Asian LTD and PMC Fincorp LTD with a decrease 18.94% and 12.71% along with JETAIRWAYS and SUNTV with a decrease of 9.44% and 7.99% at the close of the markets. The Auto sector is down 86.93 points at 18,674.50 while the banking sector is down 113.96 points at 20,975.21 and the reality sector is down 40.20 points at 1,590.37. The Indian currency is up 0.01% at Rs 62.33 per dollar.last_img read more

Read More BSE closes points 25133 down on Dec 12

US Fed rate hike could actually bring relief for Sensex Analysts

first_imgWith the benchmark indices witnessing heavy sell-off in the past few trading sessions ahead of the US central bank meeting this week, where it is expected to raise interest rates for the first time in nearly a decade, analysts expect such a move to bring a relief for the domestic stock markets instead of inducing further volatility.Both the BSE S&P Sensex and Nifty stock indices are currently trading at a three-month low amid concerns over huge outflows led by imminent interest rate in the US. The rupee is also trading at a two-year low of over 67 against the US dollar, as investors remain jittery over massive outflows from the domestic markets once the US Federal Reserve tightens policy rates.Although it is almost certain that the US central bank will hike lending rates at its two-day meeting on 15-16 December, the bank is expected to take the gradual approach on additional tightening in the next 12 months.As a result, equity markets may start showing less volatility once the US Fed takes the rate increase decision at this week’s meeting.”We may see a ‘buy on news’ kind of scenario once we are done with the US Federal Reserve meeting. At least that one uncertainty would be out of the way, which will be a relief for markets,” Dipan Mehta, Member BSE & NSE, said in an interview with ET Now.The sell-off seen in the market in the run-up to the US Fed meeting has been led largely by foreign institutional investors (FIIs). So far this month, overseas investors have sold stocks worth nearly Rs 5,000 crore, besides shares worth over Rs 7,000 crore last month.The incessant sell-off is also expected to come to a halt once the US central banks finalises a rate increase.”I would not bet on Goods and Services Tax (GST) as a major trigger point for the market, but the Fed decision will certainly make a difference because at least the relentless FII selling we are seeing over the past few weeks might just come under control, and that would make a big difference,” said Mehta.After falling by over 2% last week, the benchmark indices rebounded on Monday showing the markets have already priced in the eventuality. While the Sensex gained 105 points or 0.42% to end at 25,150 points, the 50-share Nifty ended at 7,650 points, up 39 points or 0.52%.Analysts recommend investors to take advantage of the weakness in the markets and buy stocks from a long-term perspective.”The domestic factors are giving lot of comfort. India is likely to grow at 8% over the next 1-2 years. 2016 will be great year to make money in quality stocks,” NDTV Profit quoted G Chokkalingam, founder of Equinomics Research & Advisory.last_img read more

Read More US Fed rate hike could actually bring relief for Sensex Analysts

Chinas Baidu eyes Indias fastgrowing ecommerce market Report

first_imgChina’s search engine giant Baidu is reportedly in talks with start-ups, including Zomato, BookMyShow and BigBasket, to foray into the fast-growing Indian e-commerce market, a spokesman for the Chinese company said on Wednesday.The company is expected to infuse funds into domestic Internet companies as many foreign investors have already invested huge amounts in them.”The Indian market represents an enormous opportunity for us to connect more people with services, and we plan to put more resources there in the future,” the spokesman told Reuters.The Indian e-commerce sector is currently witnessing a boom as more and more people buy goods and services online. Companies in the space are offering huge discounts to attract customers to online shopping.The domestic e-commerce market is estimated to grow 67% to $38 billion (Rs 2.51 lakh crore) in 2016 from over $23 billion (Rs 1.52 lakh crore) last year, boosted by a rise in Internet and mobile users, according to a study by an industry body Assocham.India’s e-commerce market was worth about $3.8 billion in 2009. It went up to $17 billion in 2014 and to $23 billion in 2015, said D S Rawat, Secretary General, Assocham.Shopping online through smartphones is proving to be a “game-changer”, and the top players in the sector expect m-commerce to account for 70% of their total revenues by 2016, it said.Major overseas investors, such as China’s Alibaba Group Holding and Japan’s SoftBank, have continuously been pumping in funds seeing the vast potential of the market.last_img read more

Read More Chinas Baidu eyes Indias fastgrowing ecommerce market Report

Yahoo under fire by investors takes steps for possible sale

first_imgYahoo Inc (YHOO.O), under pressure from impatient investors, took steps on Friday to handle the possible sale of parts of the struggling Internet company.Yahoo shares jumped after the company announced its board has formed a committee of independent directors to explore strategic alternatives. This signaled Yahoo is open to selling its core business including search, mail and news sites, rather than spin it off as previously planned.Yahoo advisers started working on the sale process on Friday, people familiar with the matter said. The step followed more than three years of effort by CEO Marissa Mayer to turn around Yahoo, focusing on mobile apps and trying to boost advertising revenue.Despite her efforts, revenue has dipped since she took the helm in July 2012.Yahoo shares rose 2.26 percent to $30.09 in midday trading.The announcement came as activist investors appeared to be preparing for a possible proxy fight for control of the board.Starboard, which owns about 0.75 percent of Yahoo, has been pushing for changes since 2014, asking it to separate its Asian assets and sell the core business.On Wednesday, Bloomberg reported that Starboard was taking initial steps toward a potential proxy fight.”It seems pretty clear that the only reason this is happening even is because of the threat of the proxy fight,” Pivotal Research analyst Brian Wieser said.Yahoo said the newly formed committee and its advisers are working on a process for reaching out to and engaging with potentially interested strategic and financial parties.Earlier this month, Yahoo dealt with interested parties individually, without running a formal auction process, according to people familiar with the matter.Yahoo announced this month it was considering strategic alternatives for its core Internet business, after shelving previous plans to spin off its stake in ecommerce giant Alibaba Group Holding Ltd (BABA.N).”Separating our Alibaba stake from Yahoo’s operating business is essential to maximizing value for our shareholders,” Mayer said on Friday.Starboard was not immediately available for comment.”I think a proxy fight would be the right thing to do,” said investor SpringOwl Asset Management’s Managing Director Eric Jackson.Yahoo’s board is concerned about the risk of losing a possible proxy contest, he said.The committee has engaged Goldman Sachs & Co Inc, J.P. Morgan and PJT Partners Inc as financial advisers, and Cravath, Swaine & Moore LLP as legal adviser.Verizon Communications Inc (VZ.N) is among the companies seen as a potential buyer of Yahoo’s core business.last_img read more

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Qatar Airways restates desire to buy IndiGo stake alleges unfair treatment by

first_imgDoha-based Qatar Airways Wednesday has been interested in acquiring a stake in India’s most profitable carrier, IndiGo Airline, for a long time. Akbar Al Baker, CEO of Qatar Airways, said his airline could not invest in IndiGo’s IPO (Initial Public Offering) owing to the Indian government regulations.On the sidelines of the ongoing India Aviation 2016, an international exhibition and conference organised by the Ministry of Civil Aviation, Baker was quoted as saying by Mint his airline could not directly invest in IndiGo’s IPO due to time constraints.”We had to do it with our parent company, and our parent organisation, which is our sovereign fund, and to do that, we needed more time and the time was too short for us to move on this, [sic]” Baker was quoted as saying by the publication.Over the last few years, Qatar airways has reportedly been in talks with various Indian carriers such as Kingfisher Airlines, SpiceJet and GoAir. However Baker rebuffed the rumours Wednesday.Baker had said in May 2013 the gulf airliner was in talks with IndiGo, which is run by InterGlobe Aviation, for a code-sharing agreement. This would allow IndiGo and Qatar Airways to sell tickets on each other’s flights. IndiGo had denied holding any such talk, Mint reports.According to reports, Baker had said in January 2015 his airline was still intended in buying equity in IndiGo if the airline offered 49 percent.”If they are interested, Qatar Airways will be very interested,” he had added.On the other hand, Qatar Airways reportedly said it was treated “unfairly” by Indian authorities as opposed to other gulf airlines. He also criticised the government’s proposal to auction bilaterals and said the move was unrealistic, Moneycontrol reports.”Qatar is unfairly treated by Indian authorities. Qatar government raised unfair treatment issue with Indian government many times. There is never a balance in air traffic rights, [sic]” Baker told Moneycontrol.last_img read more

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Select shares gain despite Sensex losing over 150 points Eicher Motors Jet

first_imgIndian stock markets closed with losses on the last trading day for July as investors preferred to book profits. The fall was mainly led by bank stocks with Punjab National Bank (PNB) and ICICI Bank falling by more than 3 percent, which dragged the bank index (Bankex) 0.63 percent down. Select stocks such as Eicher Motors, Jet Airways, Interglobe Aviation and DCB Bank, however, gained sharply.The 30-scrip BSE Sensex shed 157 points, or 0.56 percent, to close at 28,051. The 50-scrip NSE Nifty 50 closed 28 points lower at 8,638. Top Sensex loser ICICI Bank ended 3.40 percent down at Rs. 262.85 ahead of results. The private sector bank declared its first quarter (Q1) results after market hours. Net profit of India’s largest private sector bank by assets fell 25 percent to Rs. 2,232 crore in the first quarter (Q1) as against Rs. 2,976 crore in the corresponding quarter last year. Net interest income at Rs. 5,158 crore in Q1 marked a growth of 0.82 percent over Rs. 5,116 crore in the June 2015 quarter, according to the bank’s regulatory filing with the BSE on Friday.Net non-performing assets (NPAs) almost doubled to 3.35 percent from 1.58 percent at the end of June 2015. Provisioning for bad loans during Q1 rose almost three-fold to Rs. 2,514.52 crore from Rs. 955.39 crore at the end of June 2015 quarter.PNB shares ended with 4.30 percent loss at Rs. 123.45 after the public sector bank reported 58 percent fall in Q1 net profit.Select stocks that rallied on the BSE included Eicher Motors (up 6.60 percent at Rs. 22,465.80), Jet Airways (up 5.34 percent at Rs. 619.25), Indigo- owner Interglobe Aviation (up 4.52 percent at Rs. 989.40) and DCB Bank (up 6.88 percent at Rs. 111). Dish TV spurted 9.58 percent to close at Rs. 102.90.Stocks that hit a new 52-week high on Friday included Eicher Motors, Shriram Transport, Kensai Nerolac and HPCL.Interglobe Aviation will be announcing its Q1 results on Monday.Royal Enfield maker Eicher Motors gained on upbeat Q1 net profit and sales numbers. India’s foreign exchange reserves declined $664 million to end at $362.69 billion in the week ended July 22, according to Reserve Bank of India (RBI) data published on Friday. Foreign currency assets fell $640 million to $338.25 billion.last_img read more

Read More Select shares gain despite Sensex losing over 150 points Eicher Motors Jet

Microsoft CEO Satya Nadella earns 1769 million in 2016

first_imgMicrosoft CEO Satya Nadella saw his compensation fall 3.29 percent in fiscal year ended June 30, 2016, mainly on account of lower bonus. The India-born CEO received $17.69 million overall compensation in fiscal 2016 as against $18.29 million in the preceding fiscal, according to regulatory filings by Microsoft with the US Securities and Exchange Commission (SEC).While the salary component was $1.20 million in both years, bonus paid to him rose to $4.46million in fiscal 2016 from $4.32 million in the financial year ended June 30, 2015. Stock awards fell to $12.01 million from $12.76 million, resulting in a fall in total compensation paid to the 49-year-old, Hyderabad-born CEO of Microsoft.”In determining Nadella’s SA grant, the independent members of our Board of Directors sought to both recognize Nadella’s performance and acknowledge the strategic clarity he has created for Microsoft that will allow us to continue to grow and compete. The independent directors also noted that Nadella had successfully executed against a consistent vision on our mobile-first and cloud-first strategy enabling Microsoft to build momentum toward our three ambitions.”In the judgment of the independent directors, Nadella successfully activated the senior leadership team and Microsoft’s workforce around this strategic vision and carried forward our business transformation to accelerate growth in critical areas to deliver increased value to our customers and partners across our core businesses, resulting in an award of 181,986 shares,” Microsoft said in its filing to the US SEC.last_img read more

Read More Microsoft CEO Satya Nadella earns 1769 million in 2016

BJPs Om Birla elected Lok Sabha Speaker Modi heaps praises on colleague

first_imgHis name was proposed by Prime Minister Modi and was backed by all major parties.Bharatiya Janata Party (BJP) MP OM Birla was elected as the speaker of the 17th Lok Sabha on Wednesday, June 19. His name was proposed by Prime Minister Narendra Modi and was backed by all major parties including Biju Janata Dal, Shiv Sena, YSRCP and AIADMK.PM Modi also congratulated Birla after his election, saying that he and Birla have worked together as BJP workers, and Birla has been serving the public without a break for years.”It is a matter of great pride for the House and we all congratulate Om Birla Ji on being unanimously elected as the Speaker of the Lok Sabha. Many MPs know Birla Ji well. He has served in the state of Rajasthan as well,” Modi said.Birla, a two-time BJP MP from the Kota-Bundi constituency in Lok Sabha, defeated Congress’s Ramnarayan Meena with a margin of over 2.5 lakh votes in the recently concluded Lok Sabha election.Other prominent names of senior BJP parliamentarians like Maneka Gandhi, Radha Mohan Singh and Virender Kumar were also in contention for the post of Lok Sabha speaker. But Birla, who has been associated with the BJP since his youth, working as a representative in the Bharatiya Janata Yuva Morcha, had a total of 13 motions moved in his support, and was unanimously elected as the speaker.last_img read more

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Cognizant to acquire Australian insurance consultancy Adaptra

first_imgContinuing its aggressive acquisition strategy, US-based information technology major Cognizant on Friday announced that it will buy Australian insurance consulting and IT firm Adaptra for an undisclosed sum.According to Economic Times, Adaptra works with five of the top ten insurers in Australia and New Zealand and this acquisition would strengthen Cognizant’s position in insurance domain.The report also says that around 100 of Adaptra’s consultants would join the IT firm. “Adaptra’s high-end business transformation and Guidewire expertise will complement our deep digital business, operations and systems capabilities, and further enhance our integrated solutions spanning the insurance life cycle,” the report quoted the Head of Asia Pacific Region for Cognizant, Jayajyoti Sengupta, as saying.Interestingly, the announcement comes less than a month as the IT major agreed to buy Dutch company Mirabeau, which is a digital marketing and customer experience agency. Cognizant has plans to expand its digital expertise in Netherlands and other European countries.Analysts are of the view that Cognizant will have the necessary resources to go ahead with future acquisitions. “Our base case assumes that Cognizant has $5.3 billion of net cash in hand. This capacity allows for a steady pace of attractive tuck-in acquisitions, which we believe will be even better received by shareholders when done in conjunction with a consistent capital return programme,” senior portfolio manager at Cognizant Jesse Cohn was quoted as saying.last_img read more

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Sundaram BNP Paribas Home Finance net profit remains flat for FY2017

first_imgConstruction officials at a building site in Hyderabad October 5, 2012 (representational image).Reuters fileSundaram BNP Paribas Home Finance, a joint venture between Chennai-based Sundaram Finance Group and Union de Credit pour le Batiment (UCB), a wholly-owned subsidiary of BNP Paribas, reported a marginal growth in bottomline for 2016-17. The company’s net profit was Rs 154 crore as against Rs 152.72 crore in the preceding fiscal.Loans disbursed by the company in 2016-17 rose 5 percent to Rs 1,831 crore from Rs 1,743 crore in the 2015-16, news agency PTI reported. The company said it saw recovery in select geographies.”We are clearly seeing a pick-up in the business activity in real estate sector. Karnataka, Andhra Pradesh and branches outside South India registered strong growth in our business over the last 12 months”, the agency quoted Srinivas Acharya, MD of the company, as saying in a statement.In the current fiscal, the company plans to raise Rs 1,700 crore to fund growth even as it gears up to widen its presence in West and Central India; currently, about 50 percent of its business comes from the southern states.Acharya said he is confident of improvement in the real estate sector this fiscal, mainly due to the affordable housing scheme of the Indian government. “We are hoping that this year we will see a full revival in the real estate sector on the back of Pradhan Mantri Awas Yojna of the Central government and the Government’s other initiatives,” he said.Union de Credit pour le Batiment (UCB) has 49.9 percent stake in the company, with the rest held by Sundaram Finance Limited.The Sundaram Finance Group has presence in business finance, insurance, mutual funds, business process outsourcing, logistics and IT solutions, in addition to home loans.last_img read more

Read More Sundaram BNP Paribas Home Finance net profit remains flat for FY2017

Boxing the box office Revised tax rates on movie tickets will spur

first_imgMaayya Vallai ‏ @hp31579 Looks #GST will going increase more piracy in the cinema.. Difficult to save Tamil cinema… Just Watch My Review‏ @Justwatchreview 100% Rit sir .This will effect only The Family audience. Already theaters becoming marriage Halls etc worst Time for Cinema industry #GST How to encourage torrents?!! Where the hell do you get movie tickets for less than INR100? Sree‏ @sreeramshenoycenter_img S ANIL PRASAD GUPTHA‏ @SANILPRASADGUP1 sir..plz remove tax on rice and reduce movie tax on tickets below 200..if not reduce tax on movie tkts..indirectly encourage piracy. Arun JaitleyPIB IndiaUnion Finance Minister Arun Jaitley’s official announcement over the implications of GST and his statement on Sunday has saddened filmmakers and movie buffs across India.Ever since Arun Jaitley announced GST, people across the country were confused over the implications of the revised tax rates, especially prices of movie tickets. Arun Jaitley held the GST Council meeting on Sunday, and later in the afternoon, addressed the media.Read: Gold is cold: Jewellers fear GST might tarnish profits of the sectorThe Union Finance Minister said there would be two taxation slabs for movie tickets. Those priced under Rs 100 will come under the slab of 18 percent, while the base price of tickets over Rs 100 will fall under the 28 percent slab. Avid film goers took to Twitter to share their views on Arun Jaitley’s announcement.Addressing media after the 16th meeting of the GST Council, June 11, 2017— Arun Jaitley (@arunjaitley) June 11, 2017Sreedhar Pillai‏ felt that GST on movie tickets would affect business for the Tamil film industry. The trade analyst tweeted, “Breaking -At #GST council meet today, @arunjaitley says entertainment tax will be now in 2 categories- For tickets less than Rs 100- 18%. #GST council meet confirms tax on tickets more than RS 100 will b 28%, no change! So no real win. Now will have 2 wait TN govt g.o 4 clarity.”The film critic added: “In Chennai if TN govt waives current 30% tax and says RS 120 will be the new Net + GST 28%, then a Sathyam can charge Rs 153.60. #GST Big + for theatres selling ticket below RS 100. An #AVMRajeshwari paying 30% tax on their highest Rs 50 ticket, now will cost RS 64. Now the ball is clearly in the court of TN govt. The #EPS Sarkar as per their track record will follow the rules set by Central govt.”Film-goers noted that there are hardly a few theatres which charge less than Rs 100 for a ticket, while no multiplex will charge less than Rs 100. Some felt that the government decision would give rise to torrent sites and piracy, which would cause losses to the already struggling Indian film industry. Here are some Twitter comments:Moviebuff‏ @moviebuffmaster #GST on movie ticketslast_img read more

Read More Boxing the box office Revised tax rates on movie tickets will spur

Breaking Lata Mangeshkar requests MS Dhoni to not retire on Twitter

first_imgReutersWith a great deal of talk about Mahendra Singh Dhoni’s future doing the rounds, a very prominent Indian voice, and the most beautiful one arguably, has asked the veteran cricketer to not hang up his boots and continue representing India.In a tweet, the Lata Mangeshkar, the most famous playback singer of the country, wrote: “Namaskar M S Dhoni ji. Aaj kal main sun rahi hun ke aap retire hona chahte hain. Kripaya aap aisa mat sochiye. Desh ko aap ke khel ki zaroorat hai aur ye meri bhi request hai ki retirement ka vichar bhi aap mann mein mat laayiye.” (“These days, I am hearing that you want to retire. Please don’t think like this. The country needs your skills and it is my request also that you don’t allow the thought of retirement to enter your mind.”)The Bharat Ratna awardee is not a frequent tweeter and only expresses her views on social media on rare occasions. The fact that she felt the need to address MSD and express, in such a respectful manner, her desire to see him continue as an Indian player makes this appeal very special, perhaps at par with any complement that Dhoni has got in his career. Let’s see if Mahi responds to her.last_img read more

Read More Breaking Lata Mangeshkar requests MS Dhoni to not retire on Twitter

Buenos Airesbased Globant plans to hire techies to increase presence in India

first_imgGlobant SA, CEO Martin Migoya (C) and company officials ring the opening bell to celebrate the company’s IPO at the New York Stock ExchangeReutersAfter the wave of gloom that recently hit the Indian IT sector, thanks to the reported mass layoffs, things finally seem to be looking up. Buenos Aires-based IT giant Globant has said that it plans to increase its presence in India and hire more people globally.Globant is Argentina’s largest IT brand and has been in India since 2016 when it acquired Clarice Technologies in a deal valued at about Rs 120 crore ($20 million). In the months that Globant has been in India, it has increased its workforce to about 500 and intends to add about 700 more people.Speaking about the firm’s decision to set foot in India, Martin Migoya, CEO, told the Economic Times: “When we saw Indian IT firms doing well, we said there was no reason this couldn’t be done out of Latin America.”Migoya also opened up about increasing its presence in India and said: “India is important for us. Once this expansion is complete, it would form about 20% of our total employee base. Our leaders here will help propel global growth,”Globant hiring techies comes at a time when the word automation is giving jitters to the Indian IT sector. The IT firm is one of the first ones to provide digital services to its clients.”We operate in a segment where demand is growing at 25-30% unlike traditional IT, which is growing at 2-3%; the market is growing at five times the pace of traditional IT, which is why we still continue to grow,” ET quoted Guibert Englebienne, CTO of Globant.Englebienne also explained that Globant works in a different way as it does not believe in cutting costs but works towards increasing revenue.Founded in 2003, Globant currently operates in 11 countries – Argentina, Colombia, Uruguay, the United Kingdom, Brazil, the United States, Peru, India, Mexico, Chile and Spain – through 35 development centres with 6,000 employees.Meanwhile, the Indian IT sector is slowly moving towards automation and this has created ripples in the industry. It has also been said that the industry is likely to hire lesser number of people over the years. Workers are pictured beneath clocks displays time zones in various parts of the world at an outsourcing centre in Bangalore, February 29, 2012.Reuters file”With automation, the number of people we are hiring in the past will not be the same. It will slow down a little bit. We are also looking at hiring very differential kind of people,” Indian Express had earlier quoted Krishnamurthy Shankar, executive vice-president, group head, human resource development, Infosys, as saying.Pankaj Bansal, co-founder and chief executive officer of PeopleStrong, noted that the job cuts due to automation may not show a drastic impact right away, but it will be visible by around 2020. “The change has started, with companies introducing bots for customer service, managing warehouses, etc.,” he told LiveMint.last_img read more

Read More Buenos Airesbased Globant plans to hire techies to increase presence in India

Shah Faesal stopped at Delhi airport sent back to Kashmir

first_imgKashmiri politician Shah Faesal was sent back to Srinagar on another flight and placed under preventive detention.IANSFormer IAS officer Shah Faesal, who has been highly critical of the Modi-led BJP government’s move on Kashmir, was stopped from leaving the country and sent back to Srinagar. According to an immigration official, the bureaucrat-turned-politician was stopped at the Indira Gandhi International Airport as he was about to go abroad. He was sent back to Srinagar on another flight and placed under preventive detention.Faesal, who quit the Indian Administrative Service in January to form the Jammu and Kashmir Peoples’ Movement (JKPM), has been posting tweets and Facebook content highly critical of the government’s move abrogating Article 370 that gave special status to Jammu and Kashmir, and split the state into two Union Territories J&K and Ladakh.On Monday, he had triggered controversy with his tweet that there would be “no Eid till the last bit of insult is avenged and undone” over what he termed as the “illegal annexation” of Kashmir.Ahead of Eid, he had tweeted: “There is no Eid. Kashmiris across the world are mourning the illegal annexation of their land.””There shall be no Eid till everything that has been stolen and snatched since 1947 is returned back.””No Eid till the last bit of insult is avenged and undone,” he posted, in comments that had invited strong criticism on social media.On Tuesday, he again posted: “Kashmir will need a long, sustained, non-violent political mass movement for restoration of the political rights. Abolition of Article 370 has finished the mainstream. Constitutionalists are gone. So you can either be a stooge or a separatist now. No shades of grey.”In his Facebook post on August 7, he wrote that “Kashmir is experiencing an unprecedented lockdown. It’s entire eight million population has been incarcerated like never before”.(With agency inputs)last_img read more

Read More Shah Faesal stopped at Delhi airport sent back to Kashmir

JnU quota protester beaten in Old Dhaka

JnU quota protester beaten in Old Dhaka

first_imgAPM Suhel is now undergoing treatment at Dhaka Medical College Hospital. Photo: CollectedA leader of quota reform movement was severely beaten by miscreants in the city on Wednesday.APM Suhel, joint convener of Jagannath University (JnU) unit of Bangladesh Sadharon Chhatra Odhikar Sangrakkhan Parishad, the platform that has waged the quota reform movement, is now undergoing treatment at Dhaka Medical College Hospital.A student of the university’s English department, he was also very vocal against the move to sack Nasir Uddin Ahmed, a teacher of the same department.Around 10-12 people beat Suhel mercilessly. Photo: CollectedAs many as 10-12 people intercepted Suhel next to the Victoria Park around 3:00pm on Wednesday when he was passing through the area after an exam. They forced him to an area beside Banglabazar Govt Girls High School and beat him indiscriminately, Rashed Khan, joint convener of Bangladesh Sadharon Chhatra Odhikar Sangrakkhan Parishad’s central committee told Prothom Alo.Babu, a psychology student of the 13th batch, led the attack, Rashed alleged.He said they were planning to announce a demonstration programme demanding the culrpits be brought to book.Sutrapur police station officer-in-charge (OC) KM Ashraf Uddin told Prothom Alo, “A case has been filed to this end. We are investigating the allegations.”last_img read more

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AL made state a monster Fakhrul

AL made state a monster Fakhrul

first_imgMirza Fakhrul Islam AlamgirBNP secretary general Mirza Fakhrul Islam Alamgir on Wednesday said their ailing party chairperson Khaleda Zia had not been released from jail despite being granted a bail by the High Court.He alleged the government was conspiring to keep the former prime minister away from the countrymen and politics.The Bangladesh Nationalist Party (BNP) leader made the remarks while speaking at an Iftar party in the city’s Bijoynagar. Bangladesh Labour Party hosted the event.”This monster government, which has taken the people to a hostage like situation, has to be ousted through a movement,” Fakhrul said.”We have to form a national unity to restore democracy and to return democratic rights to the people,” he added.”The BNP chair will be freed through a movement,” he also said.The controversial election commission has to be reconstituted and the army has to be deployed in the national elections,Fakhrul further said, demanding the election be arranged under a neutral caretaker government.Dwelling upon Khaleda’s illness, the BNP secretary general said it is not in the jail code that a prisoner will only be treated in government hospitals.He said the party and her family had already said they would bear her treatment cost.Delaying Khaleda’s treatment means risking her life, he said, hoping that the government would take immediate step to admit her to the city’s United Hospital for Khaleda’s better treatment.last_img read more

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Woman held in Dhanmondi for spreading rumour on Facebook

Woman held in Dhanmondi for spreading rumour on Facebook

first_imgRAB detains Faria Mahzabin (C) for allegedly spreading rumour on Facebook.Members of Rapid Action Battalion (RAB) on Thursday night arrested a woman from the city’s Dhanmondi area for spreading rumour on social networking site Facebook to instigate the recent student movement for road safety.The arrestee is Mahzabin, 28, wife of Mohammad Riasat.Tipped off, a team of RAB-2 raided a house at West Dhanmondi and arrested her for instigating people during the students movement through uploading audio clips, posting provocative status and false photo, said a RAB press release on Friday morning.last_img read more

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Exfatherinlaw arrested for Subarna murder

Exfatherinlaw arrested for Subarna murder

first_imgSubarna NodiPolice on Wednesday arrested the ex-father-in-law of female journalist Subarna Nodi, who was hacked to death by unidentified miscreants, from a hospital in the town, reports UNB.The detainee is Abul Hossain, a local industrialist and owner of Shimla Hospital and Diagnostic Centre.Subarna Akhter Nodi, 32, district correspondent of private channel Ananda TV, and editor of Daily Jagroto Bangla, an online news portal, was hacked to death on Tuesday.Abul Hossain was arrested from Shimla Hospital after Nodi’s mother filed a case with Sadar police station against 6-7 people, including Abul Hossain and his son Razib, over the killing, said additional police superintendent Goutam Kumar Biswas.Victim’s relatives said Nodi got married with Razib Hossain, son of Abul Hossain, one and half years ago without the consent of Razib’s family.When Razib divorced Nodi, she filed a dowry case against Razib which is still under trial.On Tuesday night, Nodi was hacked to death by a group of men in front of her house on her return from her workplace in the district town.Locals took her to General Hospital where physicians declared her dead.Meanwhile, local journalist formed a human-chain at Pabna Press Club demanding justice for their fellow.Chattogram Journalists Union condemned the killing and demanded immediate arrest of her killers.last_img read more

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FBI translator marries ISIS operative

FBI translator marries ISIS operative

first_img.An FBI translator with a top-secret security clearance traveled to Syria in 2014 and married a key ISIS operative she had been assigned to investigate, CNN reports.Quoting federal court recordsm the CNN said the rogue employee, Daniela Greene, lied to the FBI about where she was going and warned her new husband he was under investigation.CNN’s portal published an investigation report titeld “The FBI translator who went rogue and married an ISIS terrorist”.It said Greene’s saga, which has never been publicised, exposes an embarrassing breach of national security at the FBI—an agency that has made its mission rooting out ISIS sympathisers across the country.It also raises questions about whether Greene received favourable treatment from justice department prosecutors who charged her with a relatively minor offense, then asked a judge to give her a reduced sentence in exchange for her cooperation, the details of which remain shrouded in court-ordered secrecy, according to CNN.It said the man Greene married was no ordinary terrorist.He was reportedly Denis Cuspert, a German rapper turned ISIS pitchman, whose growing influence as an online recruiter for violent jihadists had put him on the radar of counter-terrorism authorities on two continents.In Germany, Cuspert went by the rap name Deso Dogg. In Syria, he was known as Abu Talha al-Almani, according to the report. He reportedly praised Osama bin Laden in a song, threatened former president Barack Obama with a throat-cutting gesture and appeared in propaganda videos, including one in which he was holding a freshly severed human head, CNN said.Within weeks of marrying Cuspert, Greene, 38, seemed to realise she had made a terrible mistake, the report said. She reportedly fled back to the US, where she was immediately arrested and agreed to cooperate with authorities. She pleaded guilty to making false statements involving international terrorism and was sentenced to two years in federal prison. She was said to have been released last summer.last_img read more

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ProBNP professionals demand polls under nonparty govt

ProBNP professionals demand polls under nonparty govt

first_imgLeaders of Shammilito Peshajibi Parishad hold a human chain programme in front of the National Press Club on Friday. Photo: CollectedLeaders of different pro-BNP professional bodies on Friday urged the government to hold the national election  under a non-party government after dissolving the current parliament.“The election has to be arranged under a neutral government. The people will not allow a unilateral election,” said Ruhul Amin Gazi, president of Bangladesh Federal Union of Journalists, at a human chain programme organised by Shammilito Peshajibi Parishad (Combined Professionals’ Council).Ruhul Amin Gazi presided over the human chain held in front of the National Press Club.The leaders said there is no scope for free and neutral elections under a non-elected government.It is not possible to hold a free and acceptable election by the election commission which is subservient to the government, they pointed out.The leaders also argued that the people could not cast votes in the recently held city corporation elections.They alleged the election commission has turned into a slave of a party by allowing vote rigging and massive irregularities.Ruhul Amin Gazi said the government depended on the police for survival. The government will be unseated through a movement under the leadership of BNP chairperson Khaleda Zia, he added.Shammilito Peshajibi Parishad member secretary AZM Zahid Hossain said there is no rule of law in the country. If the present situation continues, the state will turn into a dysfunctional one, he warned.There is no alternative to the people from all strata of the society to jointly take to the streets to restore voting rights and democracy, he said.“The election cannot be held without Khaleda Zia. We will not participate in any election without her,” Zahid said.Bangladesh Federal Union of Journalists secretary general M Abdullah said the government has enacted the Digital Security Act ahead of the election so that the corruption of the government, vote rigging and stuffing of ballot boxes before elections were not published in the media.He demanded unconditional release of former adviser to the caretaker government, Mainul Hosein and journalist Ibrahim Mandal.last_img read more

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