Business Markets

Equity benchmark indices close in green; Sensex up by 620 points on banking, auto sector gains

Mumbai (Maharashtra) [India]: Indian equity market closed in the green on Wednesday as the banking and auto sector shares gained.At the closing bell, the BSE S&P Sensex was up by 619.92 points or 1.09 per cent, while the Nifty 50 gained by 183.70 points or 1.08 per cent. In BSE Sensex the sectors that saw maximum gain were the banking sector that was up by 1.76 per cent, the auto sector that was up by 1.47 per cent, the finance sector that was up by 1.43.The healthcare sector plummeted by 1.43 per cent.Among stocks, the top gainer was IndusInd Bank, which surged 5.73 per cent to Rs 934.25, followed by Axis Bank up by 3.46 per cent to Rs 679.80 per share.State Bank of India (SBI), Tech Mahindra, and Maruti Suzuki also traded with a positive bias today.Meanwhile, Dr Reddys Labs cracked by 1.58…

City News Delhi

CAIT to hold nationwide protests in 1000 cities

New Delhi [India] : The Confederation of All India Traders on Monday said that it would hold protests on November 17 in around 1000 cities across the country over the drug peddling gang using e-commerce sites to supply marijuana.Earlier, Madhya Pradesh police busted a racket of marijuana that was being sold as curry leaves via the Amazon e-commerce portal. “On November 17, we are going to hold protests in around 1000 cities across the country over this matter. Through the protest, we would request the government to take cognizance of the matter and that the action be taken on an immediate basis,” said Praveen Khandelwal, Secretary-General of Confederation of All India Traders (CAIT) in a press conference.“We will be sending a letter to all the chief ministers of states in which we would request that the way this happened in Madhya Pradesh, there are…

TOP NEWS UPDATES

Before abrogation of Article 370, 80 pc of funds used to land in political leaders’ pockets, alleges RSS Chief

Nagpur (Maharashtra) [India]: Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Saturday alleged that before the abrogation of Article 370, about 80 per cent of funds allocated to Jammu and Kashmir used to land in the pockets of political leaders.Speaking in an event in Nagpur, Maharashtra, Bhagwat said, “Before the abrogation of Article 370, 80 per cent of what was done for Kashmir valley, used to end up in the pockets of political leaders and not reach people. Now, after the abrogation people of Kashmir valley are experiencing direct access to development and availing of benefits.” Bhagwat added, “I visited Jammu and Kashmir and saw the current situation. After the abrogation of Article 370, the path to development has opened for all. On the pretext of Article 370, Jammu and Ladakh were discriminated against earlier. That discrimination doesn’t exist anymore.”In August 2019, the Central…

International Middle East TOP NEWS UPDATES

UN humanitarian funds allocate $10M for fuel crisis response in Lebanon

Beirut [Lebanon]: The United Nations said its humanitarian funds have allocated USD 10 million to respond to the fuel crisis in Lebanon and help avert the deterioration of the country’s humanitarian situation.The Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, Martin Griffiths, on Wednesday allocated USD 4 million from the UN Central Emergency Response Fund (CERF) to respond to the fuel crisis in Lebanon. The allocation will help 2.3 million people across Lebanon by making sure there is enough fuel to keep water stations functioning.The CERF allocation goes alongside a USD 6 million allocation from the Lebanon Humanitarian Fund to help 65 hospitals in Lebanon, as well as primary health-care centres, dispensaries and medical cold chain storage.The fuel shortage, a result of the ongoing socioeconomic and political crises, is jeopardizing the availability of health care and drinking water for nearly everyone in Lebanon.“Fuel and…