Hockey India had initially decided to send back the Pakistani players of Mumbai Magicians franchise only but fearing that the league could be affected by disruptions, it took the decision to send back all the players
After protests by Shiv Sena and other right-wing organisations disrupted the training and the first match of the league, Hockey
“After discussions with all the stakeholders, the Hockey India and Pakistan Hockey Federation (PHF) have mutually decided to send them (
“We kept all stakeholders the franchises, PHF and HI in the loop during these discussions. We took all on board before making this decision. All have approved this decision.
“The contract money for 2013 will be paid in full to the Pakistani players and HI stands committed in guaranteeing the same.
“We and PHF have mutually decided to release the players so that they do not feel the mental stress and their performance is not affected,” Batra added.
Batra said that the franchises, which had to release the Pakistani players, were free to seek their replacements.
“We will give the right to franchises which own Pakistani players that they can ask for replacements. They can select from the reserve pool within their allocated budget,” Batra said.
HI had initially decided to send back the Pakistani players of Mumbai Magicians franchise only but fearing that the league could be affected by disruptions, it took the decision to send back all the players.
The nine players who would be sent back are Mahmood Rashid, Fareed Ahmed, Muhammad Tousiq, Imran Butt (Mumbai Magicians), Mohammed Rizwan Sr and Mohammad Rizwan Jr (Delhi Waveriders), Kashif Shah (Jaypee Punjab Warriors) and Muhammed Irfan and Shafqat Rasool (Ranchi Rhinos).
The league ran into rough weather after the killing of two Indian soldiers by the Pakistan Army on 8th January in Poonch sector of
Mumbai Magicians, based in Mumbai, became the obvious target because of its large number of Pakistani recruits and the presence of right-wing outfit Shiv Sena’s stronghold on the city.
Over 100 Sena workers had protested against the participation of Pakistani players in the Mumbai franchise and disrupted the scheduled practise session on Sunday. This prompted the team management to shift base to
On the inaugural day, two supporters from Hindu Yuwak Sabha attempted to invade the turf at the National Stadium, the venue where the opening match between Delhi Waveriders and Punjab Warriors was on yesterday.
The Mumbai team is scheduled to play its first match against
Mahmood Rashid was the most expensive of the Pakistani players with a price of $41,000 (about Rs22.32 lakh) while Tousiq went for $27,000 in the auction.
Yesterday we mentioned that Nifty is headed for 6,080 but the market is vulnerable to a sharp decline
Upbeat quarterly performance by TCS and gains in realty, banking and FMCG stocks enabled the volatile market close higher for the second day in a row. However, the market is in a continued risky uptrend. Yesterday we mentioned that Nifty is headed for 6,080 but the market is vulnerable to a sharp decline. The National Stock Exchange (NSE) reported a volume of 69.76 crore shares and advance-decline ratio of 845:861.
The market opened firm on the back of better-than-expected quarterly earnings announced by IT major TCS after the market closed yesterday. On the global front, Asian markets were mixed in morning trade on concerns about the corporate earnings. Overnight markets in the US ended flat on reports that Apple Inc cut orders for parts for the iPhone5 due to weak demand.
Back home, the Nifty opened 14 points up at 6,308 and the Sensex started the day at 20,000, a gain of 94 points over its previous close. However, the benchmarks could not sustain the gains and were soon trending lower, albeit still in the positive. Range-bound trade followed amid strong volatility.
The market dipped into the red to touch their lows in noon trade on selling pressure in healthcare, PSU, power and oil & gas stocks. At this point the Nifty slipped to 6,019 and the Sensex dropped to 19,882.
The fall was temporary as the benchmarks picked up momentum once again on buying support from realty, fast moving consumer goods, banking and consumer durables sectors. The upmove the market to its intraday high in the last hour wherein the Nifty climbed to 6,069 and the Sensex surged to 20,037.
A small bout of profit taking towards the close of the trading session resulted in the market settling off the highs. The Nifty settled 33 points (0.54%) higher at 6,057 and the Sensex posted a gain of 80 points (0.40%) to finish the session at 19,987, off the 20,000 mark breached earlier.
While the Sensex continued its gains for the second day, the broader indices closed on a mixed note. The BSE Mid-cap index gained 0.27% and the BSE Small-cap index lost 0.06%.
The top sectoral gainers were BSE Realty (up 1.05%); BSE Bankex (up 0.72%); BSE Fast Moving Consumer Goods (up 0.59%); BSE TECk (up 0.58%) and BSE Consumer Durables (up 0.45%). BSE Metal (down 0.30%) and BSE IT (down 0.23%) ended lower.
Fifteen of the 30 stocks on the Sensex closed in the positive. The chief gainers were Bharti Airtel (up 4.81%); ITC (up 1.98%); ICICI Bank (up 1.53%); Tata Power (up 1.51%) and Bajaj Auto (up 1.07%). The main losers were Coal India (down 1.54%); Sterlite Industries (down 1.31%); Jindal Steel (down 0.74%); Sun Pharmaceutical Industries (down 0.66%) and Infosys (down 0.62%).
The top two A Group gainers on the BSE were—Idea Cellular (up 8.27%) and Berger Paints (up 7.91%).
The top two A Group losers on the BSE were—Jaiprakash Power Ventures (down 4.82%) and United Breweries (down 3.93%).
The top two B Group gainers on the BSE were—Shalimar Paints (up 19.98%) and Beryl Drugs (up 16.67%).
The top two B Group losers on the BSE were—Ari Consolidated Investments (down 20.70%) and Vikas Globalone (down 18.70%).
Out of the 50 stocks listed on the Nifty, 29 stocks settled in the positive. The major gainers were Bharti Airtel (up 5.23%); Ambuja Cement (up 4.03%); BPCL (up 3.39%); Axis Bank (up 3.02%) and UltraTech Cement (up 2.88%). The main losers were Sesa Goa (down 1.70%); Coal India (down 1.21%); HCL Technologies (down 1.16%); Asian Paints (down 0.95%) and Reliance Infrastructure (down 0.81%).
Markets in Asia pared their early gains and settled mostly lower following a warning from US Federal Reserve chief Ben Bernanke about the fragility of the country’s economic growth and the possible default on its debt.
The Hang Seng declined 0.14%; the Jakarta Composite fell 0.10%; the KLSE Composite lost 0.03%; the Straits Times dropped 0.68%; the Seoul Composite tanked 1.16% and the Taiwan Weighted settled 0.75% lower. Among the gainers, the Shanghai Composite gained 0.60% and the Nikkei 225 climbed 0.72%.
At the time of writing, two of the three main markets in Europe were in the positive while the US stock futures were marginally lower.
Back home, foreign institutional investors were net buyers of shares totalling Rs611.10 crore on Monday whereas domestic institutional investors were net sellers of equities totalling Rs1,210.55 crore.
A consortium led by state-owned Rashtriya Chemicals and Fertilisers is in talks with Canada-based Encanto Potash for a long term supply agreement of 2 million tonnes per annum of potash. RCF said Encanto Potash Corp has offered a discount of 8% on ruling market rate of muriate of potash (MoP) to India during the preliminary talks held in December, 2012. RCF settled 0.72% lower at Rs54.90 on the NSE.
Essar Oil today returned to black with a net profit of Rs32 crore in the December quarter and said it had received the Reserve Bank of India (RBI) approval to raise $2.2 billion foreign currency loans to refinance expensive rupee debt. The stock fell 0.14% to close at Rs73.15 on the NSE.
CK Birla group company Hindustan Motors (HM) is open to talks with other auto-makers for utilising the surplus capacity at its Chennai plant which was de-merged recently, a top company official has said. While the Chennai facility has a capacity of
24,000 units per annum, the plant is currently nearly 2,000 units of SUVs, namely Pajero and Outlander. The stock rose 6.14% to close at Rs12.10 on the NSE.
It makes sense for the moneyed class to demand a night-life on par with top international cities, but why are they unable to lobby for legitimate licenses and policy changes, instead of operating without completing legal formalities and subjecting innocent customers to the risk of raids and humiliation?
Blue Frog, a plush and happening pub in South Mumbai, frequented by the rich and famous, which was one of those targeted by vigilante cop Vasant Dhoble, remains in violation of several rules and regulations. Advocate Abha Singh, who has taken up the issue, says the firebrand and honest cop was humiliated and transferred in violation of the Maharashtra Government Servants Act, 2005, while those caught violating the law by Assistant Commissioner of Police (ACP) Dhoble are having a heyday.
The ACP was transferred to a Control Room job after a hawker suffered a heart attack and died during an eviction drive in suburban Santacruz last week. Mr Dhoble has been in the news for the last two years. He came into the limelight for carrying out raids on late-night parties and bars, and then in September 2012 was moved from the Social Services Branch to the Vakola division. While his actions and tactics have caused an outrage among politicians and the super-rich, a large body of ordinary persons and activists are very vocal in their support for Dhoble, a one-man army against illegal occupation of roads and pavements by hawkers or flouting of licensing rules by bars and eateries.
According to Maharashtra chief minister Prithviraj Chavan, the ACP was transferred to a non-executive post to ensure an impartial probe into the charge that his highhandedness caused the death of the hawker. “Though an autopsy has confirmed that the hawker died because of a brain haemorrhage, the probe was necessary in view of the controversy and complaints,” the chief minister said.
Dhoble was dumped to the Control Room for doing his duty honestly, but those law violators, such as the upmarket pub Blue Frog, against which full evidence is there on record, is being helped by those very people for whom Dhoble is a villain, claims Advocate Abha Singh.
She provides the following details in a press note, which she says are backed up by documentary evidence: On 17 June 2008, Blue Frog received a licence for using the place purely as a restaurant serving food and beverages and no live music, dance or DJ was permitted. This licence had been renewed up 31 March 2012. After overcoming several objections, on 20 January 2011 Blue Frog was permitted to have a live band only. It was also mandated in the license that for every performance NOC from “Rangbhumi Prayog Parinirkshan Mandal” shall be obtained and “any type or any kind of dance by any person should not be allowed”. This licence was valid up to 31 December 2011.
“Since the licence had expired and it had not been renewed because cancellation of its original licence was proposed, hence, it was required for Blue Frog to shut down its operations till the time the licence was renewed. However, this was not done and the pub continued with its activities,” said Adv Singh.
She said, while this pub was operational, there were repeated violations of laws of the Bombay Police Act, 1951. In the process, seven cases were registered by the police from time to time. In view of increasing violations, on 12 June 2012, ACP Dhoble raided the pub. After the raid by Dhoble, the process of cancellation of licence of Blue Frog got accelerated and on 16 June 2012, Kishor Jadhav, Deputy Commissioner of Police, sent a strong report to the Commissioner for cancelling licence of the pub.
Adv Singh said, despite the fact that such severe indictment has been made on Blue Frog, yet the pub goes on openly even today and the office of the Commissioner of Police, who transferred Dhoble overnight, is yet to shut down Blue Frog even though seven months have elapsed after Dhoble’s action.
While Maharashtra CM had admitted that Congress MP Priya Dutt and MLA Krishna Hegde met him to protest against Dhoble’s actions in Santacruz. Several former top officials feel that the action against Dhoble is politically motivated, especially give the fact that the hawker died of natural causes. Incidentally on the same day, according to media reports, a slum dweller in Dahisar died due to heart attack during a demolition drive under police watch. But this incident has been ignored by the politicians and authorities.
Nationalist Congress Party (NCP) leader and Maharashtra Deputy Chief Minister Ajit Pawar has also alleged that Dhoble was transferred due to pressure from MP Priya Dutt and some legislators. “Those who work efficiently should not be transferred in such a manner. I have read that the hawker died of brain haemorrhage. The CM has already said Dhoble has been transferred to allow a fair inquiry. The NCP is not opposing his stand, but we want the inquiry to be completed at the earliest and Dhoble should be reinstated if he is not at fault," he told reporters in Nashik.
The question here is, if the pub is so influential and frequented by Mumbai’s most wealthy and powerful people, why is it unable to have its permits and licenses in place? It makes sense for the moneyed class to demand a night-life on par with major international cities, but why are they unable to lobby for legitimate licenses and policy changes, instead of operating without completing legal formalities and subjecting innocent customers to the risk of raids and humiliation.