INDORE, Feb 18: Bharatiya Janata Party (BJP) president Nitin Gadkari Thursday called upon Muslims to help build a grand Ram temple in Ayodhya. Addressing the party’s national council here, he said the BJP was fully committed to construct the temple at the site where the 16th century Babri mosque was razed by a mob in December 1992. “Litigation is also pending for (the) resolution of this dispute, which may not offer a perfect solution because one party would lose and the other may win. “Today, I appeal to the Muslim community to be generous towards the sentiments and feelings of Hindus and facilitate the construction of a grand Ram temple. This would herald a new amity and reinforce the bond for a resurgent India.”(IANS)
Friday, February 19, 2010
Sensex ends 136 points down amid weak global cues
MUMBAI: The benchmark index for Indian equities on Friday slipped back into the red to close 136 points lower amid a slump in global bourses.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,256.53 points, shut shop at 16,191.63 points, down 136.21 points or 0.83 percent from its previous close.
RIL, SBI and ICICI Bank were among the main contributors to the weakness in the Sensex.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 4,844.9 points, against the previous close at 4,887.75 points, a loss of 0.88 percent or 42.85 points.
Broader markets were also in the red with the BSE midcap index closing 1.41 percent down and the BSE small cap index ending 1.57 percent lower.
The market breadth was negative, with 796 stocks advancing, 2,018 on the decline and 65 remaining unchanged.
There were only four gainers on the 30-scrip Sensex: HDFC Bank, up 0.94 percent at Rs.1,699.55; Maruti Suzuki, up 0.63 percent at Rs.1,370.30; ONGC, up 0.59 percent at Rs.1,105.65; and HDFC, up 0.51 percent at Rs.2,487.70.
Top losers included Jaiprakash Associates, down 4.35 percent at Rs.129.65; DLF, down 4.1 percent at Rs.291.30; Reliance Communications, down 3.37 percent at Rs.161.80; and Sterlite Industries, down 2.95 percent at Rs.745.85.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors were net sellers Friday, having sold scrips worth $6.25 million.
Other Asian markets were in the red too.
The benchmark Japanese index, Nikkei, slipped 2.05 percent to close at 10,123.58 points, while Hong Kong's Hang Seng closed 2.58 percent in the red at 19,894.26 points.
The South Korean Kospi too closed lower, dipping 1.68 percent to 1,593.9 points.
Chinese exchanges will reopen on Monday after the week-long Lunar New Year holiday.
European benchmark indices were in the red after the US Federal Reserve's decision of raising lending rates to banks made investors nervous.
The FTSE 100, the benchmark index of the London Stock Exchange, was ruling 0.35 percent lower at 5,306.41 points, while its German peer DAX was trading at 5,654.16 points, down 0.46 percent.
The French CAC 40 index was also ruling lower at 3,724.19 points, down 0.63 percent.
Soruce:TOI
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,256.53 points, shut shop at 16,191.63 points, down 136.21 points or 0.83 percent from its previous close.
RIL, SBI and ICICI Bank were among the main contributors to the weakness in the Sensex.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 4,844.9 points, against the previous close at 4,887.75 points, a loss of 0.88 percent or 42.85 points.
Broader markets were also in the red with the BSE midcap index closing 1.41 percent down and the BSE small cap index ending 1.57 percent lower.
The market breadth was negative, with 796 stocks advancing, 2,018 on the decline and 65 remaining unchanged.
There were only four gainers on the 30-scrip Sensex: HDFC Bank, up 0.94 percent at Rs.1,699.55; Maruti Suzuki, up 0.63 percent at Rs.1,370.30; ONGC, up 0.59 percent at Rs.1,105.65; and HDFC, up 0.51 percent at Rs.2,487.70.
Top losers included Jaiprakash Associates, down 4.35 percent at Rs.129.65; DLF, down 4.1 percent at Rs.291.30; Reliance Communications, down 3.37 percent at Rs.161.80; and Sterlite Industries, down 2.95 percent at Rs.745.85.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors were net sellers Friday, having sold scrips worth $6.25 million.
Other Asian markets were in the red too.
The benchmark Japanese index, Nikkei, slipped 2.05 percent to close at 10,123.58 points, while Hong Kong's Hang Seng closed 2.58 percent in the red at 19,894.26 points.
The South Korean Kospi too closed lower, dipping 1.68 percent to 1,593.9 points.
Chinese exchanges will reopen on Monday after the week-long Lunar New Year holiday.
European benchmark indices were in the red after the US Federal Reserve's decision of raising lending rates to banks made investors nervous.
The FTSE 100, the benchmark index of the London Stock Exchange, was ruling 0.35 percent lower at 5,306.41 points, while its German peer DAX was trading at 5,654.16 points, down 0.46 percent.
The French CAC 40 index was also ruling lower at 3,724.19 points, down 0.63 percent.
Soruce:TOI
Thursday, February 18, 2010
India’s growth opportunity in defence
India’s growth opportunity in defence
Defence could be the next boom after the IT (information technology) and automotive sectors, hopes Wg Cdr Neelu Khatri (Retd), Manager, Defence Advisory Services, KPMG, New Delhi. “The total defence spending from 2010-2016 would be to the tune of $280 billion. Based on last five years’ average revenue, capital expenditure on major acquisition would translate into about $115 billion,” she mentions, during a recent telephonic interaction with Business Line.
BJP discards ‘untouchability’ agenda, switches to Dalit issues
BJP discards ‘untouchability’ agenda, switches to Dalit issues
INDORE, Feb 17 : Untouchability was part of the Bharatiya Janata Party’s (BJP) “political commitment”, new president Nitin Gadkari said Wednesday, indicating a significant shift in strategy for the party by bringing in issues of Dalit welfare.
Including Dalit issues in the party’s agenda, Gadkari said in the inaugural session of the BJP’s national executive meeting: “The issue of untouchability is a part of our political commitment.”
Several party leaders who attended the session were of the view that this was an indication that the BJP was no longer content to be tagged as a party of middle class urban voters. “We need to expand our base. Dalits are an important constituency and a neglected one too. No national party has taken up their cause in big way on sustained basis. We are going to do that in days to come,” a senior BJP leader who attended the inaugural session told IANS.
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