World
Clinton, Trump go full throttle in second presidential debate
The second US presidential debate between Hillary Clinton and Donald Trump on Sunday night here ended with the two going full throttle over a host of issues including Trumps take on women, Muslims, taxes and the former Secretary of States deleted emails.
 
After the two presidential candidates traded insults in a contentious nasty debate in a Town Hall format at the Washington University here taking questions from the audience and the moderators, the CNN/ORS poll indicated that Trump lost with only 34% votes to Clinton's 57.
 
Unlike the first debate, there were no signs of cordiality between the two as they entered the arena with former President and the Democrat's husband Bill Clinton and the Republican's wife Melania Trump already seated with their extended families.
 
ABC's Martha Raddatz began the debate along with CNN's Anderson Cooper with first question by a teacher from the audience asking if the two were modelling appropriate behaviour for the US children.
 
Clinton in her response promised to work "with every American" and said she "will be the president for all Americans".
 
Still early in the debate, so a cautious Trump was found agreeing "with everything she said".
 
Coming to the video leaked by the Washington Post, Cooper said: "You bragged that you sexually assualted women -- do you understand that?"
 
Trump, tried his best to defend his lewd comments about women in the 2005 tape, saying: "No that's not what I said. This was locker room talk. I am not proud of it."
 
He then pivoted to terrorism and "bad things happening" in the world.
 
Taking on Trump, Clinton said though she had differences on policies and principles with the Republican candidates in the past, but Trump "...was not fit to be president and commander in chief".
 
"We've seen him rate women on their appearance, ranking them from one to 10... it's not only women, it's not only this video... This is who Donald Trump is," she added.
 
Trump then accused Bill Clinton of doing much worse than just talking about sexual assault and even targeted the candidate of harassing a rape victim.
 
Clinton then mentioned other moments that damaged Trump's campaign, including a spat with Gold Star Parents, the Khans, while the billionaire accused her of starting the birther claim and said she should apologise to President Barack Obama.
 
Trump also mentioned WikiLeaks' disclosures of internal emails from Democrats.
 
Meanwhile, the Republican was hassled by the fact that his rival was getting more time to respond and that the moderators were not bringing up issues related to Clinton.
 
Trump said: "If I win, I am going to instruct my Attorney General to get a special prosecutor to look into your (email) situation... you ought to be ashamed of yourself."
 
There was also a moment when Trump insisted Clinton to answer the question about healthcare.
 
Clinton called reining in the cost of the Affordable Care Act the highest priority of the next president and agreed that premiums were high, but Trump said: "Obamacare will never work. It's very bad health insurance." 
 
He insisted that it was too expensive and said he would repeal it.
 
When asked by a young woman in crowd about Muslims in the US being targeted and facing hate, Trump said: "She (Clinton) won't say the name, and Obama won't say the name, but the name is there: ‘Radical Islamic terror'."
 
"Muslims have to report it when they see hate going on. Muslims have to report the problems when they see them," he added.
 
On his proposed Muslim ban, the Republican said it was the "greatest Trojan horse" of their time.
 
He said: "I don't want to have hundreds of thousands of people coming in from Syria when we know nothing about their values, their love for our country."
 
Clinton later called out Trump for denying his support for the war in Iraq to which Trump immediately interrupted and said that he was always against the war in Iraq.
 
When asked about candidate tax plans, Clinton attacked Trump referring to a New York Times report that he could have avoided federal income taxes for 18 years.
 
Trump said: "I pay tax, and I pay federal tax, too."
 
Replying to a voter's question, whether the candidates will be a devoted president to all people, Trump noted African-Americans, the inner cities and Latinos.
 
He cited a remark Clinton made, saying that half Trump's supporters are a "basket of deplorables".
 
Clinton said she had tried her entire life to do what "I can to support children and families".
 
When Cooper pressed Trump about his early hours Twitter rant against former Miss Universe Alicia Machado, the billionaire deflected and began talking about Clinton and Benghazi.
 
Referring to the early morning tweet about a sex tape, he said: "I'm not unproud of it."
 
He brought up the 2012 attack on the US consulate in Libya, saying Clinton ignored multiple requests for more security from the US ambassador who was killed in Benghazi.
 
Commenting on the war in Syria, Clinton said would specifically target the Islamic State leader Abu Bakr al-Baghdadi, while Trump mentioned: "I don't like Assad at all, but Assad is killing the IS. Russia is killing the IS and Iran is killing the IS, and the three have lined up together."
 
On Supreme Court Clinton said that she wanted to appoint judges "who understand the way the world really works" and that she wanted to protect voting rights, women's reproductive rights as well as marriage equality.
 
In the last question about naming one positive thing that the candidates respect in one another, Clinton said she respects Trump's children.
 
Trump said he respected that Clinton "doesn't give up".
 
Finally, the candidates did sign off with a handshake.
 
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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Sensex, Nifty losing bullish momentum – Weekly closing report
We had mentioned in last week’s closing report that Nifty, Sensex might rally if weekly lows hold. The major indices of the Indian stock markets rallied strongly only on Monday. On the remaining days of the week, the indices failed to continue on the upward trajectory. It appeared that the momentum of the initial rally had been lost through the week. Trading volumes were high through the week. The trends of the major indices in the course of the week’s trading are given in the table below:
 
 
Positive global cues lifted the Indian equity markets on Monday. Buying was witnessed in automobile, capital goods and banking stocks. The BSE market breadth was skewed in favour of the bulls - with 2,228 advances and 660 declines. On the NSE, there were 1,316 advances, 155 declines and 42 unchanged.
 
Two and three wheeler major Bajaj Auto on Monday reported a decline of 2% in its total sales for September. According to the company, its total sales during the month under review stood at 376,765 units from an off-take of 384,400 units during the corresponding month of 2015. However, total domestic sales in September were up 21% to 255,592 units from 210,599 units sold during the like month of last year. The overall exports during the last month declined by 30% to 121,173 units from 173,801 units shipped out during the corresponding month of 2015. The company's total motorcycle sales during the month under review increased by one per cent to 331,976 units from 330,228 units sold in the like month of last year. In contrast, the overall commercial vehicle sales declined by 17% to 44,789 units from 54,172 units sold during September 2015. Bajaj Auto shares closed at Rs2,875.30, up 1.52% on the BSE.
 
Reduction in a key lending rate, coupled with short covering and value buying, pushed up the Indian equity markets on Tuesday. The key indices which opened on a higher note following positive cues from Asian markets, held on to their gains after the Reserve Bank of India (RBI) announced a 25 basis points cut in one of its key lending rates. Buying was witnessed in interest-sensitive stocks in oil and gas, banking and metals. The BSE market breadth was tilted in favour of the bulls -- with 1,689 advances and 1,156 declines. On the NSE, there were 826 advances, 615 declines and 62 unchanged.
 
 The Monetary Policy Committee of the Reserve Bank of India (RBI) cut a key lending rate by 25 basis points on Tuesday at the conclusion of its first meeting over two days, bringing much relief to commercial banks and India Inc. With the decision, the repurchase rate, or the short-term lending rate charged by the central bank on borrowings by commercial banks, stands lowered to 6.25%. The reverse repurchase rate also automatically stands lowered to 5.75%.  This was the first meeting of the new policy panel, constituted by the government with the primary mandate to ensure a retail inflation of 4%, plus or minus a band of two percentage points. The panel said in a statement that the decision taken on Tuesday was consistent with an accommodative stance, with the objective of achieving the inflation target.  All six members of the panel, chaired by RBI Governor Urjit Patel, voted in favour of the monetary policy decisions -- the minutes of which will be released on October 18. The markets responded to the decision with a spike in key indices.
 
Negative global indices, coupled with profit booking and lower than expected macro-data, dragged the Indian equity markets during the mid-afternoon trade session on Wednesday. Selling pressure was witnessed in banking, IT and oil and gas stocks. On the BSE, there were 1,739 advances, 1,142 declines and 123 unchanged. On the NSE, there were 841 advances, 598 declines and 43 unchanged. Investors were seen reluctant to chase prices after several days of rise, pointed out market analysts. Negative European markets and disappointing Services PMI figure, too, dragged the key indices lower.
 
Anil Ambani-led Reliance Infrastructure on Wednesday said it is selling its entire transmission assets to Adani Transmission. The deal size was not divulged, but banking sources estimated it at over Rs 2,000 crore. Reliance Infrastructure owns the country's first 100% private sector transmission project -- the Western Region System Strengthening Scheme -- in Maharashtra, Gujarat, Madhya Pradesh and Karnataka. Reliance Infrastructure also owns 74 per cent in Parbati Koldam Transmission located in Himachal Pradesh and Punjab in a joint venture with Power Grid Corp. All three transmission projects have been completed and are revenue-generating, the company said in a statement. "The entire sale proceeds from the transaction will be utilized for debt reduction," the company said. "The transaction is in line with the strategic plan of monetizing non-core business and focus on growth areas like defence and engineering, procurement and construction business." 
 
Negative global markets, coupled with lower crude oil prices and a weak rupee, dented the equity markets during the mid-afternoon trade session on Thursday. Selling pressure was witnessed in automobile, banking and IT (information technology) stocks. The BSE market breadth was tilted in favour of the bulls -- with 1,366 advances and 1,506 declines. On the NSE, there were 658 advances, 960 declines and 255 unchanged. 
 
Initially on Thursday, the benchmark indices opened on a higher note in sync with their Asian peers. However, the global markets, especially the European markets, remained subdued over speculation on curtailment of stimulus measures by the European Central Bank (ECB). Besides, caution prevailed ahead of key US macro-data on jobs to be released on Friday. In addition, lower crude oil prices, profit booking and consolidation added to the downward trajectory.
 
Three public sector banks -- Indian Overseas Bank (IOB), Bank of India and Syndicate Bank -- on Wednesday announced reduction in their marginal cost of funds-based lending rate (MCLR) for various tenors. Indian Overseas Bank, in a statement, said its MCLR for one year was reduced to 9.50% from 9.55% with effect from October 1. Similarly, Syndicate Bank said it cut its MCLR for one year to 9.45% from 9.55% effective from October 7. On its part, Bank of India said its one year MCLR was 9.35% effective from October 7. 
 
Negative global indices and profit booking pulled the Indian equity markets lower on Friday. The key indices traded on a flat-to-negative note during the session, as selling pressure was witnessed in IT (information technology), oil and gas, and capital goods stocks. The BSE market breadth was tilted in favour of the bears -- with 1,387 declines and 1,315 advances. On the NSE, there were 783 advances, 835 declines and 257 unchanged. On Friday, the major indices of the Indian stock markets closed around 0.15% lower than Thursday’s close. To add to the stock market investors’ caution, U.S. employment growth was likely to have picked up in September, putting pressure on the Federal Reserve to raise interest rates and signalling that steam could be building in the economy ahead of America's presidential election.
 

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Promoter shareholding in KA Wires, once listed on NSE's Emerge ITP, remains 100% since listing!
Kolkata-based KA Wires Ltd (KA Wires), a manufacturer and exporter of thermal spray zinc and aluminium wires, was the first company from the Northeast to get listed on National Stock Exchange (NSE)'s small and medium enterprises (SMEs) platform 'Emerge'. However, a post on AlphaIdeas.in states that promoter shareholding in KA Wires is 100%.
 
In the post, Alphaideas.in says, "This company is listed on NSE and has filed its quarterly shareholding pattern for Q2 FY2016-17. As on 30 September 2016, the promoter shareholding of this company (KA Wires) is 100%!! How can such a company even get listed?"
 
After checking on NSE site, we found that the promoter and promoter group shareholding of KA Wires have remained same from its draft memorandum on 4 March 2015 till 30 September 2016. While checking trading price for KAWIRES, on NSE, we got a message, "Symbol Not Traded For date07OCT2016".
 
 
As per the information and data available on NSE site, for the quarters ending September 2015, March 2016 and September 2016, promoter and promoter group entities held about 15.3 lakh or 100% stake in KA Wires. Data for two quarters ending December 2015 and June 2016 is not available on NSE site.
 
 
 
We sent an email to NSE and SEBI seeking their comment on allowing promoter and promoter group to have 100% stake in KA Wires. We will upload their response as and when we receive it. 
 
NSE's Emerge institutional trading platform (ITP) is a platform for start-ups and growing company. "EMERGE-ITP is a regulated market place which meets the needs of the country’s contemporary business environment. It allows start-ups to list with or without an initial public offering (IPO). The platform connects growing businesses to a pool of sophisticated investors while offering a wide variety of exciting investment opportunities to the investors," NSE says on its website.
 
As per listing directory of NSE, at present, there are 22 companies listed on the Emerge ITP. However, KA Wires does not seem to be listed there. Securities listed on Emerge ITP are traded in capital market segment of the Exchange in normal market with a minimum order value of Rs10 lakh.

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