Citizens' Issues
Chhota Rajan brought to Delhi, kept in CBI custody
Long-absconding underworld don Rajendra Nikhalje alias Chhota Rajan on Friday was brought to the national capital from Indonesia, officials said.
 
Rajan, who was arrested by Indonesian police on October 26, reached here in a special aircraft around 5.30 a.m. at Palam airport from where he was taken to Central Bureau of Investigation (CBI) headquarters, escorted by special commandos and SWAT team, police said.
 
The aircraft carrying Rajan, along with a team of CBI officials and others, had departed for India around 8 p.m. (local time) from Bali, Indonesia on Thursday.
 
Rajan, 55, reached CBI headquarters around 6 a.m. All routes leading the CBI headquarters have been sealed by Delhi Police.
 
Besides, the security of CBI headquarters, which is looked after by the Central Industrial Security Force (CISF), has been increased. 
 
Rajan, 55, who has been absconding from India for two decades was arrested by Indonesian police on a request of CBI in Bali on October 26, following a tip-off by the Australian Federal Police.
 
Rajan has been kept in a lockup in CBI headquarters, sources said, adding that he will be taken for medical examination soon.
 
The mafia don will be presented before a special CBI magistrate very soon after his medical examination, who will officially hand over his custody to the investigating agency, sources said.
 
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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Nifty Sensex weak - Thursday closing report
Short bounces may be met with selling. Nifty has to close above 8,075 for a rally
 
We had mentioned in Wednesday’s closing report that Nifty, Sensex have turned weak again and that Nifty has to close above 8,075 for the index to head higher. Indian equity markets opened in the negative territory in sync with European and Asian markets. Lacklustre quarterly results and absence of any major positive triggers eroded investors' confidence. The major indices closed the day’s trading with losses of around 1% or more. The trends of the indices over the day’s trading are summarised in the table below:
 
 
Anxiety over the outcome of the Bihar assembly polls coupled with upcoming US jobs data dented investors' sentiments in the Indian equity markets and led to a sharp correction. The US jobs data, to be released on Friday, is expected to give cues on whether the US Fed will raise interest rates in its December meeting.
 
In a bid to put some 20,000 tonnes of idle gold to productive use and cut imports worth $35-$45 billion annually, India today launched three schemes related to the metal, including domestically minted coins with the images of Ashok Chakra and Mahatma Gandhi. The schemes launched by Prime Minister Narendra Modi also included one to convert jewellery and other similar yellow metal assets with the people into interest-bearing deposits, as also sovereign bonds with an eight-year tenure but with an exit option after five years. According to the World Gold Council, an estimated 22,000-23,000 tonnes of gold is lying idle with households and institutions in India. The annual imports amount to around 850-1,000 tonnes valued at $35-$45 billion.
 
Super specialty hospital chain Fortis Healthcare said it posted a standalone net loss of Rs.26.03 crore for the second quarter of 2015-16 against a net loss of Rs.5.09 crore in the same period last year. According to the statement of unaudited results posted on the Bombay Stock Exchange (BSE), the company's total income from operations fell to Rs.152.85 crore from Rs.157.52 crore while total expenditure also declined to Rs.183.10 crore from Rs.191.37 crore. On a consolidated basis, Fortis Healthcare posted a net profit for Rs.33.98 crore in Q2 against a net loss of Rs.58.12 crore in the last quarter, while the total income from operations rose to Rs.1,097.05 crore from Rs.1,031.20 crore. The shares of the company closed at Rs162.80, up 1.34%.
 
State-run Canara Bank has posted Rs529 crore net profit for the second quarter (July-September) of this fiscal (2015-16), registering a 16% decline from Rs629 crore in the like period a year ago. In a regulatory filing to the Bombay Stock Exchange (BSE), it said, sequentially, net profit increased 10% from Rs.479 crore in the first quarter (April-June) of this fiscal. "Net profit declined due to higher provisioning (Rs1,415 crore) for sub-standard accounts and doubtful assets during the quarter under review (Q2) as against Rs999 crore in the same period a year ago," Canara Bank chairman Rakesh Sharma told reporters. Though operating profit increased 20% to Rs1,944 crore in Q2 (July-September) from Rs1,626 crore in the same quarter a year ago, it dipped 3% sequentially from Rs2,004 crore. Total income grew marginally 4.7% to Rs.12,478 crore from Rs11,915 crore a year ago and 1.8% from Rs.12,253 crore a quarter ago. Canara Bank closed at Rs270, down 1.57%.
 
Footwear retailer and manufacturer Bata India posted an increase of 38.74% in its net profit at Rs54.11 crore for the second quarter ended September 30 this year. The company's net sales in the July-September timeframe surged to Rs575.15 crore as against Rs547.64 crore during the same period of previous fiscal. 
Despite economic slowdown and a lower consumer sentiment, our second quarter performance for the period July-Sept 2015 has seen a growth of 5 percent compared to the same period last year," Bata India's group managing director of south Asia, Rajeev Gopalakrishnan said in a statement. He said the firm would be expanding its product offering, focusing on the same-store growth and strengthening e-commerce business to reach out to a larger consumer base. Bata India closed at Rs464.60, down 4.39%.
 
The rupee closed the day's trade weaker by six paise at 65.75 to a US dollar from its previous day's close of 65.49 to a greenback. 
 
The foreign institutional investors (FIIs) were net sellers in the day's trade, whereas the domestic institutional investors (DIIs) were net buyers. 
 
According to data with stock exchanges, the FIIs sold stocks worth Rs.991.87 crore, while the DIIs bought stocks worth Rs.636.15 crore.
 
Sector-wise, all 12 S&P BSE industry indices ended in the red. Healthcare index plunged by 368.92 points, banking index receded by 289.71 points, capital goods index plummetted by 139.61 points, information technology (IT) index fell by 138.10 points and consumer durables index was lower by 93.17 points.
 
The top gainers and top losers of the indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 

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