Leisure, Lifestyle & Wellness
Five Mumbai hospital doctors held in kidney sale racket
In a major swoop, Mumbai police late on Tuesday arrested five top medicos of the reputed Dr L.H. Hiranandani Hospital here in connection with a kidney sale racket.
 
Contacted for comment, an official spokesperson for Hiranandani Group told IANS that they are conducting their own internal probe and declined comments till it was completed.
 
Powai police late tonight nabbed the five medicos who include the 12-year old hospital management's top brass. 
 
The accused doctors are Dr Sujit Chattarjee (CEO), Dr Anurag Naik, Medical Director, Dr Mukesh Shete, Dr Mukesh Shah and Dr Prakash Shetty.
 
The accused will be produced for remand at Andheri Court on Wednesday. 
 
The Mumbai police initiated a probe after a recent complaint alleging a kidney sale racket in the 240-bed hospital in Powai.
 
They have been charged under Section 12 and 21 of The Transplantation of Human Organ Act, 1994, said the police.
 
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 still on an uptrend – Tuesday closing report
We had mentioned in Monday’s closing report that Nifty, Sensex uptrend was continuing. The major indices of the Indian stock markets were range-bound on Tuesday and closed with small losses over Monday’s close. The trends of the major indices in the course of Tuesday’s trading are given in the table below:
 
 
Profit booking, along with lower crude oil prices and a weak rupee, dented the Indian equity markets during the mid-afternoon trade on Tuesday. Selling pressure was seen in automobiles, fast moving consumer goods (FMCG) and metal stocks. The BSE market breadth was skewed in favour of the bears -- with 1,569 declines and 1,185 advances.  On the NSE, there were 542 advances, 912 declines and 58 unchanged. According to market analysts, consolidation and profit booking in the absence of any fresh positive development dragged the equity markets lower. Most IT (information technology) stocks traded down, while banking and pharma stocks traded with mixed sentiments. Auto and aviation sector stocks faced selling pressure. Most FMCG stocks traded down due to profit booking.
 
On Tuesday, Reserve Bank of India (RBI) Governor Raghuram Rajan kept key policy rates unchanged in his last monetary policy review with little elbow room on account of the country's retail inflation inching closer to the upper tolerance level of 6%. Accordingly, the repurchase (repo) rate or the interest commercial banks pay the central bank for short-term loans remains unchanged at 6.5%. The cash reserve ratio (CRR) that scheduled banks have to keep in the form of liquid funds also remains unaltered at 4% of deposits. In the previous policy update, too, conducted on June 7, the policy rates were left unaltered.
 
The RBI’s decision to leave the policy interest rates untouched was in line with the predictable and transparent monetary policy, said global credit rating agency Moody's Investors Service. The central bank's decision to leave policy interest rates unchanged on Tuesday was no surprise to market participants. "In the next few months, we expect continuity in the RBI's policymaking. In particular, the government's notification of the inflation target at 4% plus or minus  2% through to 2021 denotes ongoing commitment to keeping inflation at moderate levels," Marie Diron, senior vice president, Sovereign Risk Group was quoted as saying in a statement issued by Moody's. "Meanwhile, the formation of a monetary policy committee is in line with common practice in many central banks around the world. We do not expect the RBI's shift to such a structure to have any significant implications for the conduct of monetary policy," Diron added. According to Diron, the larger than average monsoon rainfall will help maintain moderate food price inflation to keep the headline inflation rate within or close to target this year. In the medium-term, the inflation will remain moderate. With greater focus on inflation control rather than GDP growth, RBI has mildly controlled the bulls in the Indian stock markets.
 
Automobile major Tata Motors Group on Monday reported a rise of 20% in its global wholesales, including Jaguar Land Rover for July. The company said that its global wholesales for the month under review stood at 88,159 units. "Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in July 2016 was flat at 30,363 compared to July 2015," the company said in a statement. "Global wholesales of all passenger vehicles in July 2016 were at 57,796 nos., higher by 34%, compared to July 2015." On Tuesday, the company’s shares closed at Rs513.70, down 0.05% on the BSE.
 
The base price and the quantum of airwaves on offer make the next round of spectrum auctions the largest ever. But the high reserve price, notably for the 700 MHz band, and time still for the expiry of existing holdings could make the response muted, analysts warn. The views of six top brokerages and consultancies is that service providers will cherry-pick the bands they need, putting a question mark over how much of the 2,354.55 MHz on offer across seven bands will be sought and what quantum of the $84 billion reserve price be realised. "Since no spectrum is up for renewal for any of Bharti, Vodafone India and Idea Cellular, we do not expect aggressive bidding," said a Goldman Sachs Global Investment Research said in its report, predicting no major surprises. "The upcoming auction is crucial for Idea and Vodafone in our view, as they still have large amount of 3G and 4G gaps and will look to fill those. Bharti and (Reliance) Jio have very few circles without 3G and 4G, and will try to bolster their data spectrum holding," it said. The government has put on block 2,354.55 MHz of airwaves for sale in seven bands -- 700 MHz, 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz and 2,500 MHz -- with a reserve price of $84 billion -- against 470.75 MHz in the previous round that saw bids worth $17 billion. Bharti Airtel shares closed at Rs348.85, down 0.87% on the BSE.
 
Idea Cellular standalone net profit for the first quarter of 2016-17 dropped 36.1%, a company statement said on Monday. The company posted net profit of Rs497.1 crore for the April-June quarter compared to Rs777.8 crore posted during the corresponding quarter in 2015-16. The total revenue of the company stood at Rs9,486.6 crore for the quarter under review compared to Rs8,791.5 crore it posted during the corresponding period in 2015-16. As on June 30, the company has over 1.8 million active customers in 4G services. Idea shares closed at Rs97.15, down 5.77% on the BSE, on Tuesday.
 
The top gainers and top losers of the major 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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COMMENTS

Anil Singh

4 months ago

Today's equity volume in NSE is 111.70 crores shares/contracts and traded values is ₹22,298.89. But you are saying that NSE turnover was 109.63 crore. I am unable to locate where am I missing this data?

Hello rains, goodbye Latur 'Jaldoot' trains
Having received sufficient rains in this monsoon so far, the people of Latur on Tuesday morning bid goodbye to the unique 'Jaldoot' water train which had been supplying drinking water to the city since April, a top official said.
 
Resident Deputy Collector Narayan Ubale said the train's 111th and final trip from Miraj in Sangli district to Latur in Marathwada was completed at dawn on Tuesday and the water was offloaded.
 
"We have received sufficient rains, and have around nearly two-thirds of the requirements for 2016-2017. Hence we have requested the train services to be discontinued," Ubale told IANS.
 
The unique proposal to supply water in tankers by a train to Latur was conceived by Railway Minister Suresh Prabhu and Maharashtra Chief Minister Devendra Fadnavis after water storage in Latur dipped to two per cent in April.
 
From April 11, the train has supplied more than 25 crore litres of water to the parched Latur and its surroundings till Tuesday.
 
The first-of-its-kind project in the country entailed filling up 50 tanker-wagons from Miraj, journeying 340 km overnight, offloading in an unused well near the railway lines from where it was pumped via pipelines to the city.
 
For the first time in past six months, home taps came alive on August 1, after Latur Municipal Corporation resumed water supply through its supply network after the region got sufficient rains.
 
Ubale said that two major dams in the district are still rain-deficient but most other medium and small dams, including the Sai and Nagzari weirs, which cater to Latur city, are full.
 
Latur was reeling under a severe drought due to three consecutive monsoon failure. 
 
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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COMMENTS

Jyoti Dua

4 months ago

It was an excellent initiative by CM & Railway Minister.

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