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Sensex ends 72 pts lower; Yes Bank drops 4 pc

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Market benchmark Sensex dropped by 72 points to close at 40,284.19 on Monday due to losses in private banks, IT and energy stocks amid concerns over the economic slowdown.The 30-share index had opened on a firm note but turned negative in afternoon session due to profit booking in IT, banking and oil and gas stocks.Similarly, the broader NSE Nifty slipped 10.95 points, or 0.09 per cent, to end at 11,884.50. As many as 29 of its constituents advanced while 20 dropped.Yes Bank was among the top losers in the Sensex…

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NATIONAL NEWS NEWS CATEGORIES 

Winter Session starts on stormy note; Opposition uproar in LS

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The Winter Session of Lok Sabha on Monday began on a stormy note, with protests by the Congress and other Opposition members over various issues.Soon after oath-taking of four members and paying condolences to members of Lok Sabha and Rajya Sabha who died in recent months, Opposition members sought to raise various issues. Within minutes of commencement of the Question Hour, around 30 members from the Congress trooped into the Well, shouting slogans and demanding that the government stop attacking the Opposition as well as foisting false cases. The members…

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LEGAL NEWS NEWS CATEGORIES 

The Calcutta High Court allowed the Kolkata Metro Railway Corporation (KMRC) on Monday to move a tunnel-boring machine up to five metres in the city’s Bowbazar area, where an aquifer burst in August during drilling operations, leading to several houses collapsing.The KMRC had moved the high court seeking its permission to move the machine for maintenance work.The court had, in September, ordered suspension of the tunnelling work for the East-West Metro corridor, following the Bowbazar incident.A division bench comprising Chief Justice TBN Radhakrishnan and Justice Arijit Banerjee directed the KMRC to work in accordance with the recommendations of an expert committee on shifting of the boring machine.The bench directed the KMRC to submit a report on completion of the work by December 16, when the matter will be taken up for hearing again.A committee, comprising experts from various countries, submitted a report to the court on Friday, saying the shifting of the tunnel-boring machine by up to five metres was necessary for maintenance work and would be done under its supervision.”The committee members are of the unanimous opinion that the shifting of the machine by about five metres will not result in soil subsidence and as such not affect life or property above the ground over the distance over which the machine is proposed to be shifted,” the report said.The KMRC, which is executing the East-West Metro project in the city, had told the high court on November 8 that the boring machine was at the site since the accident on August 31 and moving it by five metres was necessary to ensure that it remained functional.The committee has proposed that the ground around the boring machine be sealed with polyurethane grout and work be carried out under the supervision and in the presence of its chairman, Leonard John Endicott, a geotechnical expert from Hong Kong.The other members in the committee include Guy David Christopher Bridges, a tunnel-boring machine expert from Hong Kong, Neelakantan Kumar Pitchumani, a geotechnical expert from Chennai, and Suman Dutta, a structural expert from Kolkata. The report also suggested that additional monitoring points be installed on the surface and below to detect any ground movement.The court is hearing a PIL seeking termination of underground drilling for metro tunnels in congested areas. The PIL has also challenged the provisions of the Metro Railway (Construction of Works) Act, 1978.Two machines were deployed to dig parallel tunnels for the underground East-West Metro line, one of which had hit a water pocket, leading to a huge ground subsidence. Several buildings in the congested area collapsed or developed cracks, leaving hundreds homeless.

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The Calcutta High Court allowed the Kolkata Metro Railway Corporation (KMRC) on Monday to move a tunnel-boring machine up to five metres in the city’s Bowbazar area, where an aquifer burst in August during drilling operations, leading to several houses collapsing.The KMRC had moved the high court seeking its permission to move the machine for maintenance work.The court had, in September, ordered suspension of the tunnelling work for the East-West Metro corridor, following the Bowbazar incident.A division bench comprising Chief Justice TBN Radhakrishnan and Justice Arijit Banerjee directed the KMRC…

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NEWS CATEGORIES SPORTS 

My focus is on scoring runs, rest depend on selectors: Shaw on India comeback

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Returning to competitive cricket with a bang after serving a doping suspension, young Prithivi Shaw says he is now completely focussed on letting his bat do the talking to force his way back into the Indian team.”Now I will focus on scoring as many runs as possible and win games for the team,” said Shaw, who played his first game after serving a back-dated eight-month suspension by the BCCI for failing a dope test.In his comeback match, Shaw made a stroke-filled 39-ball 63 to help Mumbai thrash Assam by 83…

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NEWS CATEGORIES WORLD NEWS 

Gotabaya Rajapaksa wins Sri Lankan presidential election: Official results

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Sri Lanka’s controversial wartime defence secretary Gotabaya Rajapaksa will lead the country after ruling party candidate Sajith Premadasa conceded the hotly contested presidential poll on Sunday, marking the return of the powerful Rajapaksa dynasty known for its pro-China tilt, amidst security challenges following the Easter Sunday terror attacks that killed 269 people.Rajapaksa, 70, defeated Premadasa, 52, by more than 13 lakh votes, according to the official results.Rajapaksa, who will succeed President Maithripala Sirisena for a five-year term, will be sworn in as the seventh executive president of Sri Lanka on…

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ENTERTAINMENT NEWS CATEGORIES 

Tagore and Ray had qualities of Shakespeare: Vishal Bhardwaj

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Vishal Bhardwaj is credited with bringing the Indian versions of William Shakespeare’s tragedies — “Macbeth”, “Othello” and “Hamlet” — to screen, and the filmmaker believes Rabindranath Tagore’s writings and Satyajit Ray’s cinema mirrored the Bard’s work.In the session titled ‘Masala Shakespeare’ at Tata Literature Live! The Mumbai LitFest, Bhardwaj was in conversation with Delhi-based scholar, teacher Jonathan Gil Harris and the discussion was chaired by Kaveree Bamzai.”For me, Tagore has had all the qualities of Shakespeare- be it music, be it poetry and the kind of stuff Shakespeare has written.…

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NATIONAL NEWS NEWS CATEGORIES 

AIMPLB for review of SC verdict in Ayodhya case, against taking alternative 5-acre plot

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 The All India Muslim Personal Law Board (AIMPLB) on Sunday favoured seeking a review of the Supreme Court’s judgement in the Ayodhya issue, and said it was against accepting the five-acre alternative land given for a mosque.“The land of the mosque belongs to Allah and under the Sharia, it cannot be given to anybody,” AIMPLB secretary Zafaryab Jilani told reporters after a meeting of the board here.”The board has also categorically stated that it was against taking five-acre land in Ayodhya in lieu of the mosque. The board is of…

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BUSINESS NEWS CATEGORIES 

Vodafone-Idea believes govt won’t be in conflict with Supreme Court on telco relief: Brokerages

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Having posted India’s biggest ever quarterly loss after being forced to provision for statutory dues, Vodafone Idea believes the government will not be in conflict with the Supreme Court if it does provide any relief for payments ordered by the apex court, brokerages have said.Vodafone Idea Ltd (VIL) faces a liability of Rs 44,150 crore after the Supreme Court ordered that non-telecom revenues should be included in the adjusted gross revenue (AGR) of mobile phone service providers for calculation of statutory dues such as licence fee and spectrum usage charge.”Though…

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LEGAL NEWS NEWS CATEGORIES 

Delhi HC mentions another case facts in Chidambaram bail order

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The facts of another case have found mention in the Delhi High Court order denying bail to former union finance minister P Chidambaram in the INX Media money-laundering case.In his 41-page verdict on November 15, Justice Suresh Kumar Kait of the high court reproduced some paragraphs from a 2017 Supreme Court order rejecting bail to Delhi-based lawyer Rohit Tandon in a money-laundering case. The judge also referred to a previous 2017 order of the high court in the case of Rohit Tandon versus Enforcement Directorate in which it was observed…

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NEWS CATEGORIES SPORTS 

Finland into first major finals as Sweden seal Euro 2020 place

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Finland qualified for the first major tournament in their history with a 3-0 win over Liechtenstein while Sweden sealed their place at the Euro 2020 finals following a victory in Romania. Norwich City forward Teemu Pukki scored twice in Helsinki and Jasse Tuominen also netted to bring the home crowd pouring onto the pitch at the final whistle as Finland wrapped up second place behind Group J winners Italy on Friday. Roberto Mancini’s Italy registered a record 10th straight win as they eased past Bosnia and Herzegovina 3-0 in Zenica.…

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