World
80 killed in France terror attack, state of emergency extended
At least 80 people were killed on Thursday night when a large truck mowed through a crowd celebrating Bastille Day in Nice. French President Francois Hollande said the truck attack was of a "terrorist character".
 
In a press conference on Friday morning, Hollande said "the state of emergency was extended in the country for three months beyond July 26".
 
The driver shot into the crowd and then drove for two km along the pavement of the Boulevard des Anglais, the main street in Nice, mowing down people who had gathered to watch fireworks, regional President Christian Estrosi told CNN affiliate BFMTV.
 
Police shot and killed the driver, said Pierre-Henry Brandet, a spokesman for the French Interior Ministry.
 
Firearms, explosives and grenades were found in the truck, Estrosi said.
 
The driver is suspected to be 31-year-old man of Tunisian origin. The identity papers of a French-Tunisian were found in the truck, reports said quoting police source.
 
According to the reports, gunmen exchanged shots with police before plowing into the crowd of revellers. Footage captured by terrified bystanders fleescene has captured the sound of several gunshots being fired.
 
The eye witnesses said they watched the scene in disbelief.
 
"All we see is this truck along the boardwalk, just ploughing through people, just bodies getting hit and people running in all directions," Tony Molina, who witnessed the attack from his apartment, told CNN.
 
He said that following the crash, there was a "barrage of gunfire".
 
"There were families just laying down, crying next to these bodies. Then they had to clear the area out. The bodies stay there covered up," Molina said.
 
Paul Delane, an American who witnessed attack, was with his partner at the Nice celebration. They had just finished watching the fireworks show and decided to walk towards the other festivities where a DJ was playing music.
 
"All of a sudden, thousands of people started running in one direction. My partner took my hand immediately and we started running.
 
"I had no idea what was going on.The music was so loud, we couldn't hear anything. I didn't see a truck, I just heard people running, screaming and crying and people carrying their children.
 
"I didn't know if I should hide or continue running.
 
"I wasn't sure what to do, in that situation. No one knew what was going on. We just knew we had to run for our lives."
 
Over 150 people were also injured in the mayhem.
 
Hollande and Prime Minister Manuel Valls were in the inter-ministerial crisis cell after the attack, a spokesperson for the Elysee said.
 
"France was struck on its national day ... the symbol of freedom," said Hollande.
 
"We must do everything so that we can fight against the scourge of terrorism," he said. "This is France, which is under the threat of Islamist terrorism."
 
Hollande earlier cancelled his trip to Avignon in the south of the country to return hastily to Paris.
 
From 9.00 a.m. (local time), Hollande will preside over a security and defence council meeting with ministers and the main authorities in these matters, said the spokesperson.
 
The president had indicated hours before the Nice attack that the state of emergency declared immediately after the terrorist attacks in Paris on November 13, 2015 would be lifted on July 26.
 
Interior Minister Bernard Cazeneuve has arrived in Nice after the attack, said Pierre-Henry Brandet, the spokesperson of Interior Ministry, adding there was no hostage in the incident.
 
Meanwhile, US president Barack Obama said in a statement that "we have offered any assistance that they may need to investigate this attack and bring those responsible to justice".
 
"We stand in solidarity and partnership with France, our oldest ally, as they respond to and recover from this attack," Obama added.
 
The US president also showed his admiration for "the extraordinary resilience and democratic values that have made France an inspiration to the entire world" and he is convinced that this character will "endure long after this devastating and tragic loss of life."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

 

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SC to hear banks' plea against Mallya's non-disclosure of full assets
The Supreme Court will hear on July 18 a plea by a consortium of banks led by the State Bank of India that beleaguered liquor baron Vijay Mallya has not complied with its April 7 order asking him to fully disclose assets held by him and his family.
 
The bench of Justice Kurian Joseph and Justice Rohinton Fali Nariman agreed to hear the plea by the consortium of banks after Attorney General Mukul Rohatgi on Thursday mentioned it and sought an urgent hearing. 
 
The top court by its April 7 order had directed Mallya to disclose all the assets -- movable and immovable and tangible and intangible -- and other shareholdings and beneficial interests in India and abroad held by him, his wife and children by April 21. It had also asked Mallya to indicate the amount that he was prepared to deposit before it to show his bonafide for a meaningful negotiation with the banks seeking the recovery of loans advanced to his now-defunct Kingfisher Airlines.
 
The consortium of 13 banks is seeking the recovery of more than Rs9,000 crore in the principal and interest, loaned to his airlines.
 
The bench of Justice Joseph and Justice Nariman had in the course of the last hearing of the plea on April 26 rapped Mallya, saying: "The point is that you have not complied with our April 7 order both in letter and spirit."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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Infosys net up 13% in first quarter
Global software major Infosys on Friday reported Rs3,436 crore consolidated net profit for first quarter (April-June) of this fiscal (2016-17), a 13.4% annual growth.
 
In a regulatory filing to BSE, the IT major said consolidated revenue for the quarter (Q1) grew 16.9% year-on-year (YoY) to Rs16,782 crore, as per the Indian accounting standard.
 
Under the International Financial Reporting Standard (IFRS), net income rose 7.4% YoY to $ 511 million and gross revenue 10.9% YoY to $2,501 million ($2.5 billion).
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

 

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