According to reports, Gadkari was fined Rs10,000 for failing to submit related documents in his criminal defamation case against AAP leader Arvind Kejriwal
A Delhi court on Saturday levied a fine of Rs10,000 on union minister Nitin Gadkari in his defamation case against Aam Aadmi Party (AAP) leader Arvind Kejriwal. According to reports, Gadkari was fined for his failure to provide relevant documents in the case.
Earlier on October, the Patiala House Court had fixed 20th December for hearing the criminal defamation case filed by Gadkari against Kejriwal. During the hearing, counsel for Kejriwal had informed the court that there was a possibility of compromise in the complaint and they were in the process of finalising it.
The submissions were made when the court had asked if both the politicians had arrived at any compromise in the matter. The court had observed that it was a clash of egos and it would be better if the matter gets settled.
Kejriwal was arrested and sent to Tihar jail on 21st May after he refused to furnish bail bond in the case but gave the same within a week and was later released.
The court had earlier allowed Kejriwal’s plea seeking permanent exemption from personal appearance.
The court had framed defamation charges against the AAP leader after both the parties had told it that they have not reached any settlement in the case.
Section 500 (defamation) of the IPC, being a compoundable offence, the court had advised Kejriwal to bury the hatchet and amicably settle the issue with Gadkari.
Gadkari had earlier told the court that he was ready to resolve the issue if Kejriwal withdraws his statement. Kejriwal, however, had refused to withdraw his statement and allegations, which he had levelled against Gadkari.
In view of the lapses and deficiencies observed by SEBI in its inspection of Indiabulls Securities, it had issued a show cause notice to the broking company
Nifty needs to close above 8,180 on Monday for the upmove to continue
We had mentioned in Thursday’s closing report that Nifty may record more gains if it manages to stay above 8,082. The benchmark opened with a huge gap today and stayed above the 8,200 level for the entire session. Positive closings of US indices and most of the Asian indices reflected on Indian indices as well.
S&P BSE Sensex opened at 27,293 and hit a low almost at the same level. Nifty opened at 8,230 and immediately hit a low at 8,209. The indices reached up to the level of 27,497 and 8,263. This was followed by the indices moving in a range. Sensex closed at 27,372 (up 245 points or 0.90%) while Nifty closed almost at the same level as at which the benchmark opened. Nifty closed 8,225 (up 66 points or 0.81%). NSE recorded a volume of 88.89 crore shares. India VIX fell 0.60% to close at 14.5100.
According to a study published today by US-based consulting firm IHS, India is set to emerge as the third largest defence spender in the world by 2020.
According to the mid-term review, adhering to the FY 2015 fiscal deficit target of 4.1% is a major challenge. The government is committed to meeting its FY 2015 fiscal deficit target despite difficult odds, the mid-term review says.
India has not fared well in Forbes' list of the best countries for business this year, ranking 93rd out of 146 nations, behind countries like Mexico, Kazakhstan and Sri Lanka. The report cited challenges such as poverty and corruption that the country needs to address.
NCC (10.79%), Gujarat Gas (10.48%) and JSW Energy (9.66%) were among the top three gainers in the ‘A’ group on BSE. All of them hit their 52-week highs today.
Torrent Power (5.83%), which was among the top two gainers in the ‘A’ group on BSE on Thursday, was among the top four losers today in the group. The stock hit a new 52-week high today.
ICICI Bank (2.95%) was the top gainer in the Sensex 30 pack. Bajaj Auto (1.58%) was the top loser among the Sensex 30 stocks.
US indices closed in the green on Thursday. Weekly jobless claims report came in stronger than expected. Claims fell by 6,000 to 289,000, a low level typically associated with strong hiring.
Except for SET index of Thailand (0.16%), all the other Asian indices closed in the green. Nikkei 225 (2.39%) was the top gainer.
The Bank of Japan will boost the monetary base at an annual pace of 80 trillion yen ($672 billion), it said in a statement.
China raised its estimate for its 2013 economic output by 3.4%, based on its latest survey of the economy, the National Bureau of Statistics said on Friday. The statistics bureau said China's gross domestic product in 2013 was 58.80 trillion yuan ($9.46 trillion). It also said the revision "basically" wouldn't affect GDP growth for 2014, though it would change the total size of the economy for this year.
European indices were mostly trading in the red while US Futures were trading higher.
Germany's producer prices surprised on the upside in November as energy prices remained unchanged from October, data from the Federal Statistics Office showed today.
Producer prices in Europe's largest economy were stable on the month in November and fell 0.9% on the year, Destatis said.