Citizens' Issues
Stampede in South Mumbai kills 18

Huge crowd had gathered to pay last respects to Dr Syedna Mohammed Burhanuddin, the spiritual leader of Dawoodi Bohra community

At least 18 persons were killed in a stampede at Malabar Hill area in South Mumbai during the wee hours on Saturday. The incident occurred after 1am in the Malabar Hill area, where an overwhelming crowd had gathered to pay their last respect to the departed spiritual leader of Dawoodi Bohra community, Dr Syedna Mohammed Burhanuddin.

 

His followers had started thronging his residence at the Hill after they came to know about his death.

 

According to sources, over 40 people were injured in the stampede. The injured have been admitted to the Saifee Hospital.

 

Dr Syedna was to celebrate his 103rd birthday in a few weeks, a spokesperson of the Bohra community said.

 

The 52nd Dai al-Mutlaq of the worldwide Dawoodi Bohra community, Dr Syedna expired at his Mumbai residence at Saifee Mahal.

 

Born in Surat, the leader was the eldest son of Syedna Taher Saifuddin. He succeeded his father upon his death in 1965. He was credited with transforming Dawoodi Bohras into a vibrant community.

 

Bohras thronged to the Syednas sermons. Dawoodi Bohra is a sect of Shia Muslims spread all over the world. One of the key principles of the sect is 'patriotism as part of the faith’.

 

He was honoured with highest civilian titles like the Star of Jordan and Order of the Nile by the respective governments of Jordan and Egypt.

 

Syedna was conferred Honourary Doctorates for his efforts in social and educational development by renowned institutes like Al-Azhar University, Cairo, Aligarh Muslim University and University of Karachi.

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Sunanda Pushkar found dead after row on Twitter

Sunanda Pushkar, who was upset over an alleged extra-marital affair between her husband Shashi Tharoor and a Pakistani journalist, was found dead in the hotel last night

The body of Sunanda Pushkar, wife of Union Minister Shashi Tharoor, was on Saturday shifted to AIIMS for post-mortem as police continued to probe various angles, including suicide, in the case.

 

According to sources, a post-mortem would be carried out around noon by a team of doctors and the report could be available later in the evening.

 

The body of 52-year-old Pushkar was taken from the Leela Palace Hotel to AIIMS at around 3:30am. The body of Pushkar, a woman entrepreneur who married Tharoor in August 2010, was found in mysterious circumstances in luxury Leela Palace hotel in South Delhi.

 

Pushkar, who was upset over an alleged extra-marital affair between her husband Shashi Tharoor and a Pakistani journalist, was found dead in the hotel last night.

 

Pushkar and Tharoor were at the centre of a raging controversy in the last two days when reports emerged that she was upset over reported text and tweet messages between her husband and Mehr Tarar, Pakistani journalist.

 

Police had last night questioned a number of hotel staff and checked the CCTV footage of the lobby of the third floor of the luxury hotel where she was staying.

 

According to police sources, the call details record of Pushkar was also being checked as part of the probe into her death. Pushkar was found dead inside the suite No345 where she and her husband had checked in on Thursday.

 

Investigators said that they are screening the call details record of Pushkar as well as her tweets in the last few days.

 

They said a number of hotel staff, including those who had gone to the suite were being questioned to corroborate the version of Tharoor and his staff.

 

Police were also searching the suite thoroughly to see whether Pushkar had used any medicine.

 

Police sources speaking on condition of anonymity said that they suspect it could be a case of suicide.

 

Pushkar and Tharoor were at the centre of a raging controversy when reports emerged that she was upset over reported text and tweet messages between her husband and Mehr Tarar, a Pakistani journalist.

 

A joint statement from the couple on Thursday said that they were 'happily married' but distressed by 'some unauthorised tweets'.

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Sensex, Nifty headed down: Friday closing report

Unless the Nifty manages to keep itself above the day’s low we may see the index going further down

Yesterday, we had mentioned that the market looks tired and the first support is at 6,300 for Nifty and the second support is at 6,280. A fall below 6,233 would mean a deeper decline. Today, except for a few minutes of trading in the green when the indices hit their day high the benchmark witnessed a gradual fall. The index broke both the supports. If the Nifty goes below 6,233 over the next few days, the index may head for 6,130 and below.

 

The Sensex which opened at 21,237, moved down from the 21,270 to the level of 21,016 and closed at 21,064 (down 202 points or 0.95%). The Nifty which opened at 6,306 reached to 6,246 after hitting a high of 6,327 and closed at 6,262 (down 57 points or 0.91%). Today’s fall on the Nifty has been almost at the same level of volume as yesterday. The NSE recorded a volume of 55.69 crore shares.

 

All the other indices on the NSE closed in the negative. The top five losers were Realty (2.58%); I T (2.4%); Smallcap (2.16%); Service (1.82%) and Finance (1.69%).
 
Of the 50 stocks on the Nifty, 18 ended in the green. The top five gainers were BPCL (2.92%); Cipla (1.89%); Bajaj Auto (1.38%); Hindustan Unilever (1.34%) and M&M (0.82%). The top five losers were TCS (5.55%); DLF (4.26%); PNB (3.31%); Wipro (2.60%) and ICICI Bank (2.30%).
 
Of the 1,502 companies on the NSE, 355 companies closed in the green, 1,071 closed in the red while 76 closed flat.
 
TCS net revenues grew at 35% for the December 2013 quarter over the year ago period. Its operating profit growth rate was at 57% to Rs5,779.19 crore. Growth in Q3 was driven by industries like life sciences & healthcare, manufacturing, media, travel & hospitality, and telecom. TCS reported a 48% increase in its net profit at Rs4,776.76 crore for the third quarter ended December 2013.
 

US indices had a mixed performance on Thursday. The 0.3% gain in the US consumer-price index was the biggest since June and followed no change the prior month, a Labor Department report showed. Prices rose 1.5% in 2013, the smallest calendar-year gain in three years. Fed Bank of Atlanta President Dennis Lockhart, who doesn't vote on monetary policy this year, said yesterday that he expects inflation that's been “too low” will accelerate toward the Fed's 2% target.

 

The number of Americans who applied last week for unemployment benefits fell lightly and is now back to a level that prevailed shortly before the Thanksgiving holiday.

 

Outgoing Fed Chairman Ben S Bernanke said at a forum in Washington that quantitative easing had helped the U.S, economy and that there is no immediate sign of it creating a bubble in asset prices.

 

Market now awaits the US housing data and industrial production which to be released today.

 

Except for Hang Seng (up 0.64%) and Straits Times (up 0.22%) all the other trading Asian indices closed in the negative. Shanghai Composite (fell 0.93%) was the top loser.

 

European indices were trading in the green and the US Futures too were trading higher.

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