Author: Supriya Jena

  • Indian Stock Markets Plunge: Investors Worry Ahead of Fed Decision

    Indian Stock Markets Plunge: Investors Worry Ahead of Fed Decision

    On Wednesday, December 18, early trading saw the Indian stock markets, Sensex and Nifty, drop due to investors pulling out money and waiting for an important decision from the US Federal Reserve about interest rates. The BSE Sensex, which tracks the top 30 companies, fell by 149.31 points to reach 80,535.14 points. The NSE Nifty, another main index, decreased by 62.9 points, settling at 24,273.10.

    Among the big companies in the Sensex, Tata Motors, Power Grid, Larson & Toubro, Adani Ports, Maruti, and NTPC saw the biggest drops. In contrast, some companies like Reliance Industries, HCL Technologies, Tech Mahindra, Hindustan Unilever, Asian Paints, and ITC managed to gain some points.

    Foreign investors sold shares worth ₹6,409.86 crore on Tuesday, as reported by Niftystat. The day before, both Sensex and Nifty fell by more than 1%, with Sensex dropping below the 81,000 points. This decline was because of a general sell-off as traders waited for the US Fed’s decision on interest rates.

    The total drop was felt across all 30 major stocks in the Sensex, with Bharti Airtel, IndusInd Bank, JSW Steel, Tata Consultancy Services, and HDFC Bank being among the biggest losers. Stocks in the telecom, metals, and auto sectors took hard hits.

    Globally, markets were not doing well either. Asian countries like South Korea, Japan, China, and Hong Kong all saw their markets fall. European markets were generally down, while the US markets showed mixed results.

  • Five IEDs and Weapons Found in Manipur: Complete Details Here

    Five IEDs and Weapons Found in Manipur: Complete Details Here

    In Manipur’s Imphal East district, police said that five bombs, called IEDs, weighing a total of 21.5 kg, were discovered on Tuesday. The police worked together with the Spear Corps, and a special dog helped find the explosives at Maphitel Ridge near Monglham. The five bombs included two that weighed 5.5 kg each, one that weighed 4 kg, and two that weighed 3.5 kg each. They also found a 25-meter long Cordtex wire used with the bombs.

    In another part of the state, Kangpokpi district, security teams seized a submachine gun with ammo and a homemade mortar, known locally as ‘pumpi,’ from an area called Phaileng.

  • Shooting and Fiery Crash in Baltimore: 1 Dead, 9 Injured”

    Shooting and Fiery Crash in Baltimore: 1 Dead, 9 Injured”

    A terrible event happened in Baltimore recently. One person lost their life, and nine others were hurt in a shooting that also caused a fiery crash. This shocking scene unfolded on a busy street, where gunfire rang out around 8 p.m. on Friday night.

    Witnesses say they heard multiple gunshots before they saw the crash. It seems that a car was speeding when it collided with another vehicle and caught fire. Emergency crews rushed to the scene to help those who were injured and put out the flames.

    The police are now investigating both the shooting and the crash. They want to find out more about what happened and who was responsible for the gunfire. Community leaders are calling for more safety measures to prevent such tragic events in the future.

  • North East Development: Growth and Peace Under Modi Leadership”

    North East Development: Growth and Peace Under Modi Leadership”

    Union Minister for the Development of North Eastern Region, Jyotiraditya Scindia, praised the quick growth in the North East of India, thanks to Prime Minister Narendra Modi. He talked about how much better the roads, railways, airports, and waterways have become.

    In an interview, Scindia recognized that Manipur has been facing serious problems, but he said these issues have existed for 25 to 40 years, not just recently. He emphasized that both the central and state governments are committed to solving the problems while discussing with all groups involved.

    The Union Minister for Communications pointed out that fighting and conflicts in the North East have decreased by about 80% over the last 10 years. He argued that it’s unfair to call the North East a conflict zone because, under Modi’s leadership, the area has never been more peaceful. More people have given up their old ways and joined the effort to build India.

    Scindia shared that 16,000 kilometers of national highways have been built, which is a lot more than what was built in the last 60 years. The construction of railway tracks has also increased, going from about 6.5 kilometers a month to over 19 kilometers.

    He noted that the number of airports in the North East has gone from 9 to 17 and rail connectivity is expanding. Right now, there are 19 railway projects worth nearly 88,000 crore rupees happening.

    Additionally, a big semiconductor factory is coming to Assam, worth around 27,000 crores, which will be important for the region’s progress. The Minister mentioned that interest in investing in the North East is very high, with about 45,000 crores in agreements made so far.

    Scindia highlighted that while India grows at around 6.5 to 7.5% each year, the North East grows even faster—by about 9.5 to 11%. Thus, the North East is becoming a vital area for India’s growth.

    On the subject of development near the border with China, Scindia mentioned that the government is focusing on improving the last villages of India, making them vibrant. He stated that hundreds of ministerial visits have already taken place in the North East.

    When asked about the “One Nation, One Election” proposal, Scindia explained that this idea comes from the people’s desire to have fewer elections and spend less money on them. He believes that the Prime Minister is working hard to fulfill the wishes of the country.

  • Exide Industries Invests ₹100 Crores in Energy Solutions – Key Insights

    Exide Industries Invests ₹100 Crores in Energy Solutions – Key Insights

    Exide Industries, a well-known battery maker, is making headlines this Wednesday because it put in a big investment of ₹100 crores (which is about $12 million) in its fully owned company, Exide Energy Solutions Ltd (EESL). They did this by buying 2.77 crore new shares (that’s 27.7 million shares) in a special offer.

    The company stated that on December 17, 2024, they invested ₹99,99,99,972 (which is almost ₹100 crores) to buy more shares in EESL, raising its total investment there to ₹3,152.24 crores (around $379 million). Even after this investment, Exide still owns 100% of EESL.

    EESL is busy setting up a new factory in Bengaluru to make lithium-ion battery parts. This factory will be paid for with the money from Exide’s new investment, and it will also help with other costs.

    In the latest updates, Exide Industries reported a decline of 13.66% in profits for the second quarter of the financial year 2025, making ₹233.4 crores (down from ₹270.32 crores last year). However, the company’s revenue went up to ₹4,450 crores compared to ₹4,371.52 crores in the same quarter last year. They mentioned that there is strong demand in the two-wheeler and four-wheeler markets, helping sales grow.

    (Disclaimer: The opinions and views expressed in this article are those of the experts and do not reflect the views of NiftyStat.)

  • Amit Shah’s Strong Message: BJP’s Achievements vs. Congress’s History

    Amit Shah’s Strong Message: BJP’s Achievements vs. Congress’s History

    Home Minister Amit Shah strongly criticized the Opposition in a recent Rajya Sabha debate about India’s Constitution. He accused the Congress party of pleasing minorities, being corrupt, and favoring family rule. He claimed that past Congress-led governments adjusted the Constitution for their own benefit.

    Shah expressed his party’s commitment to the Hindutva ideology, promising to implement the Uniform Civil Code nationwide. He also mentioned big projects like the Ram Temple in Ayodhya and the Kashi Vishwanath corridor.

    In his speech, Shah pointed out that there have been 22 amendments to the Constitution under BJP rule, compared to 77 amendments under Congress. He recalled historical amendments that he said restricted citizens’ freedoms, like those made during Indira Gandhi’s time. He mentioned how the 42nd amendment even limited judicial review, allowing Parliament to change Fundamental Rights.

    Shah defended the BJP’s constitutional changes, saying these amendments help strengthen democracy, such as introducing the Goods and Services Tax and reserving seats for women in government.

    He attacked the Congress for its history of dynasty politics and its inconsistencies, accusing it of pretending to support reservations for certain groups while opposing them in the past. He asserted that the BJP will not allow religious reservations in the states where it holds power.

    Shah also pushed for the Uniform Civil Code, questioning why only some laws for Muslims are being implemented and suggesting that all personal laws should be considered.

    In his closing remarks, he highlighted achievements of the Modi government, like building the Ram temple and abrogating Article 370, while also defending Veer Savarkar and citing how Indira Gandhi praised him.

  • Two Men Shot in Imphal East: Police Investigate Violent Attack”

    Two Men Shot in Imphal East: Police Investigate Violent Attack”

    Late in the evening, two men were shot in their legs by unknown attackers in Imphal East. This incident happened around 7 PM in a place called Khundrakpam, which is near the Heingang Police Station.

    The injured men are from two different areas: one lives in Sagolband and the other in Sekta. The assailants came with guns and aimed for their legs before running away.

    Local people who saw what happened quickly helped the two men. They were taken to the Imphal East District Police, who made sure they got medical care. Later, both victims were sent to a hospital in Imphal for further treatment.

    Authorities are looking into what happened but still do not know who the attackers are or why they did this. Heingang Police Station has started a search in the area to find more information and catch those responsible for this terrible act.

  • Exciting New Changes in India’s Exam System with DIGI-EXAM!

    Exciting New Changes in India’s Exam System with DIGI-EXAM!

    The government has made new suggestions to improve exams in India. A special group, led by former ISRO chief R. Radhakrishnan, released a report recommending a DIGI-EXAM system. This system aims to stop cheating, ensure secure testing centers, and provide exams in a fair way for everyone.

    Here are some main points from the report:

    Change to Computer Tests: The report says it’s important to change from paper exams to computer-based tests (CBT). This change will help make the process smoother, but there could be challenges in remote areas where internet and facilities might be lacking.

    DIGI-EXAM Technology: The DIGI-EXAM system will use advanced technology to confirm the identity of students through methods like Aadhar (an ID system in India), biometrics (like fingerprints), and AI (smart technology). This will make sure that the right person is taking the exam.

    Improving the Testing Agency: The National Testing Agency (NTA) currently manages many tests, but it needs more focus. The panel suggested creating ten new divisions, each led by a director, to handle different parts of the exam process like technology and security.

    New Exam Centers: The report suggests creating at least 1,000 secure testing centers in government schools and colleges. This would help students take exams closer to home. It also mentions using buses as mobile testing centers for rural areas, where students may not have easy access to regular test centers.

    Multiple Sessions for Big Exams: For very popular exams where a lot of students register (like the NEET-UG), the report recommends holding tests over several days to manage the number of candidates more effectively.

    Future Goals: The panel wants to make exams more straightforward and uniform, so students don’t face confusion. It also calls for a single set of rules for undergraduate admissions to simplify the process for everyone.

    Overall, this new approach aims to make exams fairer, more secure, and easier for students across India.

  • RBI Allows Edelweiss Group to Resume Operations After Fixing Issues

    RBI Allows Edelweiss Group to Resume Operations After Fixing Issues

    The Reserve Bank of India (RBI) has decided to lift the business restrictions on two companies from the Edelweiss Group, ECL Finance and Edelweiss Asset Reconstruction Company (ARC). The RBI made this decision after being convinced that these companies took the right steps to fix the issues raised by the bank.

    Earlier, on May 29, the RBI had put restrictions on these companies because they were found to be involved in serious problems related to how they managed bad loans, a practice known as ‘evergreening.’ This meant they were trying to cover up bad loans by pushing them into new loans, which isn’t allowed.

    Because of this, ECL Finance was told to stop doing complex financial deals, except for paying back or closing accounts. At the same time, Edelweiss ARC was prohibited from buying new financial assets or reorganizing old ones into different categories.

    However, now that the RBI believes ECL Finance and Edelweiss ARC have made the necessary improvements, it has lifted the restrictions immediately.

  • India Enhances Space Defense: 52 Satellites for Security!

    India Enhances Space Defense: 52 Satellites for Security!

    The Indian defense forces are getting ready for future battles by improving their tools and technology in space. Recently, the Department of Military Affairs (DMA) showed their plans to top officials in the Defense Ministry, along with the leaders from the Indian Space Research Organisation (ISRO) and the Defence Research and Development Organisation (DRDO).

    The Defense forces want to add more satellites and build better ground support for these satellites. They recently received approval for a project that will send 52 satellites into space. These satellites will help with surveillance (keeping watch), communication, and other important tasks. Both government and private organizations will work together on this project.

    The DMA, led by the Chief of Defence Staff (CDS), is in charge of the Defence Space Agency, which will handle these new responsibilities. The Defense Space Agency plans to make sure the satellites are safe from any threats and will expand its team to support this mission.

    Having more satellites will help India keep a closer eye on areas near the Line of Actual Control with China and the borders with Pakistan. To manage these new challenges, the Defense forces are working on strengthening the Defence Space Agency and other related organizations. The Cabinet Committee on Security has also approved two agencies to develop both defensive and offensive space capabilities.

    Recently, CDS General Anil Chauhan emphasized how important space has become. He called it crowded, competitive, and vital for our future. He encouraged military leaders to protect India’s interests in space by innovating and developing the latest technologies alongside all partners