ND Tiwari is biological father of Rohit Shekhar says HC

According to the DNA rest, ND Tiwari is reported to be the biological father of Rohit Shekhar and Ujjwala Sharma is reported to be the biological mother

New Delhi: ND Tiwari is the biological father of a Delhi-based youth Rohit Shekhar, the Delhi High Court on Friday said while declaring the result of the DNA test of the veteran Congress leader, reports PTI.
Justice Reva Khetrapal declared the result of the DNA test conducted at the Hyderabad-based laboratory in the open court and said as per the report, "Tiwari is reported to be the biological father of Rohit Shekhar and Ujjwala Sharma is reported to be the biological mother."

Before declaring the result of the DNA test, the report of the Centre for DNA Fingerprinting and Diagnostics (CDFD) was desealed in the chamber of the judge in the presence of advocates for Rohit Shekhar and his mother Ujjwala Sharma.


Though, the judge waited for the presence of Tiwari's lawyer, none appeared on his behalf.


While announcing the result of the DNA test in the open court, the judge noted that "None has appeared on behalf of Defendant No 1 (Tiwari) though it is nearly 4 pm, nor any request has been made for an adjournment on behalf of defendant No 1.

"Accordingly let the sealed cover, received from CDFD, Hyderabad be opened and the report be placed on the file, which would be available to the parties only".


The counsel for 32-year-old Shekhar and his mother had informed the judge that a division bench of the high court earlier today had rejected 87-year-old Tiwari's plea not to open the DNA report before a single judge bench, adjudicating the paternity suit.


The division bench had allowed Justice Reva Khetrapal, who had decided to open Tiwari's DNA report and to declare the DNA test result in open court.


Dismissing Tiwari's appeal against Justice Khetrapal's 19th July decision, a division bench of Acting Chief Justice AK Sikri and Justice Rajiv Sahai Endlaw said, "Not opening the DNA report may lead to a lengthy process".


Concurring with the single judge's observation on Supreme Court's direction to maintain confidentiality on Tiwari's DNA profile, the bench had said, "We are in agreement with the single judge that nowhere the Supreme Court in its order stated that the DNA profile shall be kept in a sealed cover till the conclusion of trial. This DNA report is a piece of evidence.."


"The purpose was to cut short the controversy and to avoid an unnecessarily prolonged trial. If the sample is not opened now, it may lead to unnecessary cross-examination of the witnesses. We do not find merit in the petition, so it is dismissed," the bench had added.


Tiwari's counsel and senior advocate Mukul Gupta had sought quashing of the single judge's order or to provide protection till the Supreme Court clarifies its 24th May order on the issue of confidentiality.


The senior lawyer submitted to the bench that after the single judge dismissed their plea to conduct the trial in-camera and also to keep the DNA report confidential, they have filed an application before the apex court, which is yet to hear their plea.


Opposing Tiwari's plea, plaintiff Rohit Shekhar's lawyer Amit Sibal had said, "DNA report is a scientific evidence and the truth should come out as early as possible."


He had further submitted that Tiwari is an old man and if anything happens to him, the suit will become infructuous.


Accordingly, the court must decide the matter at the earliest, he had added.


After hearing all the submissions, the bench had told Tiwari's counsel, "It is a piece of evidence, how can you say that the piece of evidence can't be opened. It is an open trial and the evidence has to be recorded."


In his appeal, Tiwari had pleaded with the court to protect his "right to reputation," contending that the single-judge bench has adopted a "shortcut" to decide the suit and it would cause "grave injustice" to him.



TCS topples ONGC to become most valued company in India

Market cap of TCS increased to Rs2.39 lakh crore, pushing ONGC to second spot with a market cap of Rs2.37 lakh crore. RIL is at third position with a market cap of Rs2.36 lakh crore, while Coal India and ITC are at fourth and fifth place with market cap of Rs2.23 lakh crore and Rs1.99 lakh crore, respectively

Mumbai: Software services exporter Tata Consultancy Services (TCS) on Friday toppled state-owned Oil And Natural Gas Corp Ltd (ONGC) to become the country's most valued company with its market capitalisation soaring to over Rs2.4 lakh crore, driven by a spurt in share price, reports PTI.
At the end of trading on Friday, TCS commanded a market value of over Rs2,39,906 crore, the highest for any listed company in India. This is about Rs2,577 crore more than ONGC's market value of around Rs2,37,329 crore.
A sharp gain of 1.9% in TCS's share price today pushed the company to the top slot. In comparison, ONGC, closed at Rs277.4, almost flat compared to its previous closing price.
Market capitalisation of a listed company corresponds to the cumulative market price of all its shares. This figure changes daily with the change in the stock price.
Reliance Industries with a market capitalisation of Rs2.36 lakh crore stood at the third position, followed by Coal India (Rs2.23 lakh crore) and ITC (Rs1.99 lakh crore).
Meanwhile, private sector lender HDFC Bank on Friday surpassed state-run State Bank of India (SBI) as the country's most valued bank with a total market valuation of about Rs1.4 lakh crore.


Nifty, Sensex headed higher if today's low holds: Friday Closing Report

The market has entered a period of sideways volatility again

Pressure on PSU lenders saw the market trim its gains in the second half of trade, but it managed to break its two-day losing streak and end in the positive. We had mentioned in our yesterday’s report that if the Nifty manages to gain strength, we may see it rising to the level of 5,126. Today the index breached this level. However, it couldn’t sustain the gains for too long. The index may now see a period of sideways volatility again and may head higher if today’s low holds. The National Stock Exchange (NSE) saw a volume of 68.73 crore shares.
The market opened higher on global cues after assurances from European Central Bank president Mario Draghi’s comments that the central bank would take appropriate steps to preserve the Eurozone. The comments saw the US indices closing in the positive overnight while the markets in Asia were in the green in morning trade today.
Reflecting the overall positive global trend, the Nifty opened 81 points higher at 5,124 and the Sensex opened trade at 16,860, a jump of 220 points over its previous close. Banking, metal and auto sectors led the early upmove.
However, the market pared some of its initial gains on a small bout of profit booking.  But buying interest soon saw the benchmarks resume their northward journey. The Nifty touched its intraday high at around 11.30 am with the index hitting 5,150 while the Sensex touched a high of 16,975 in noon trade.
Selling pressure in select blue chips in noon trade saw the indices coming off the highs. The market fell further in post-noon trade as the key European indices erased early gains and were trading in the red.
The benchmarks fell to their lows in the last hour wherein the Nifty touched 5,078 and the Sensex went down to 16,761. A small bounce-back enabled the market close off the lows. The Nifty gained 57 points (1.13%) to 5,100 and the Sensex surged 199 points (1.20%) to settle at 16,839.
The advance-decline ratio on the NSE was negative at 555:1100.
While the Sensex closed in the green, the broader indices settled lower with the 
BSE Mid-cap index falling 0.90% and the BSE Small-cap index declining 0.97%.
The top sectoral gainers were BSE Metal (up 2.09%); BSE Fast Moving Consumer Goods (up 1.35%); BSE IT (up 1.28%); BSE TECk (up 1.09%) and BSE Auto (up 0.98%). The losers were BSE Realty (down 0.79%); BSE Capital Goods (down 0.61%) and BSE PSU (down 0.53%); BSE Healthcare (down 0.09%). 
The top performers on the Sensex were Tata Steel (up 3.94%); Tata Motors (up 3.88%); Sterlite Industries (up 3.22%); HDFC Bank (up 3.13%) and Hindalco Industries (up 3.12%). State bank of India (down 3.77%); BHEL (down 1.93%); Hero MotoCorp (down 1.58%); Cipla (down 0.37%) and Dr Reddy’s Laboratories (down 0.10%) were the main losers on the index.
The top two A Group gainers on the BSE were—Godrej Consumer Products (up 4.83%) and Gujarat Mineral Development Corporation (up 4.10%).
The top two A Group losers on the BSE were—Sun TV Network (down 11.17%) and Pipavav Defence & Offshore (down 10.54%).
The top two B Group gainers on the BSE were—Lamodhara Textiles (up 19.99%) and Era Infra Engineering (up 19.97%).
The top two B Group losers on the BSE were— Glodyne Technoserv (down 19.99%) and Amar Remedies (down 19.95%).
The top gainers on the Nifty were Sterlite Industries (up 4.57%); Tata Steel (up 4.40%); Tata Motors (up 3.78%), HDFC Bank (up 3.75%) and Sesa Goa (up 3.31%). The major losers were Punjab National Bank (down 4.95%); SBI (down 3.54%); Bank of Baroda (down 2.49%); Jaiprakash Associates (down 2.44%) and Kotak Mahindra Bank (down 1.98%).
With the exception of the Straits Times, all other indices in the Asian pack closed higher. Optimism on the European front following assurances by the ECB president on Thursday supported the gains. Better-than-expected quarterly numbers from electronics majors Samsung and LG Display saw their stocks surge in trade.
The Shanghai Composite rose 0.13%; the Hang Seng surged 2.02%; the Jakarta Composite advanced 1.98%; the KLSE Composite rose 0.06%; the Nikkei 225 climbed 1.46%; the Seoul Composite soared 2.62% and the Taiwan Weighted jumped 2.21%. Bucking the trend, the Straits Times declined 0.20%.
At the time of writing, the key European gauges were mixed and the US stock futures in the positive.
Back home, foreign institutional investors were net sellers of stocks totalling Rs1,180.70 crore while domestic institutional investors were net buyers of equities amounting to Rs422.70 crore.
Power equipment major and part of the RPG group, KEC International, has bagged international orders worth Rs740 crore spread across its transmission, power systems, railways and cable businesses. The stock closed 1.62% higher at Rs56.30 on the NSE.
Phillips Carbon Black (PCBL) is likely to commission its upcoming Chennai plant by 2015. With a proposed capacity of 1.4 lakh tonnes, the new carbon black unit will involve an investment of Rs350 crore. The stock tanked 3.26% to settle at Rs89 on the NSE.
Forgings major Bharat Forge has begun trial production of forgings in titanium and specialty steels for application in the aerospace industry. The company hopes to cash in on the demand in this segment and is in the process to build capacity to service aerospace customers. The stock gained 1.41% to close at Rs291.50 on the NSE.


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