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  • Ongoing Protests in Lok Sabha Over Violence: Opposition Walks Out

    Ongoing Protests in Lok Sabha Over Violence: Opposition Walks Out

    New Delhi: Almost all the opposition members in the Lok Sabha, including Rahul Gandhi, walked out of the House on Tuesday to protest the recent violence in Sambhal, Uttar Pradesh.

    The commotion started when Samajwadi Party (SP) leader Akhilesh Yadav asked the Speaker, Om Birla, for permission to discuss a very serious issue—the deaths of five people in the violence. But the Speaker told him that the matter could be raised during the Zero Hour, which led Yadav and his colleagues to walk out in protest.

    While SP members shouted slogans, DMK member A. Raja encouraged other opposition members, including Congress members, to join the protest. Some members of the NCP and Shiv Sena-UBT also stood up to support the SP. Rahul Gandhi then joined the protest on the floor.

    While the protest was ongoing, Parliamentary Affairs Minister Kiren Rijiju spoke with Yadav about the issue. After some time, Yadav signaled to his party’s MPs to leave and the opposition members, including Gandhi, walked out together. They later returned to take part in the Question Hour.

  • Supreme Court Delays Death Sentence in Shocking Jharkhand Rape-Murder Case

    Supreme Court Delays Death Sentence in Shocking Jharkhand Rape-Murder Case

    New Delhi: The Supreme Court has temporarily stopped the death sentence of a 30-year-old man named Rahul Kumar, who was found guilty of raping and killing a 19-year-old engineering student in Ranchi, Jharkhand. A group of judges, Justices Surya Kant, Pankaj Mithal, and Ujjal Bhuyan, have requested the trial and high court documents in their translated form. This means that the death penalty is on hold for now.

    On September 9, the Jharkhand High Court confirmed the death sentence handed down to Kumar by a lower court. The horrifying crime happened on December 15, 2016. Three years later, in December 2019, Kumar was sentenced to death.

    The High Court described the case as extremely shocking, saying that a promising young woman’s life was taken in a terrible way. The court shared details from the autopsy report, which provides evidence of the brutal act. Kumar had planned the crime, bringing tools like an electric wire to strangle the victim and lubricant oil to set her body on fire afterward.

    The judge noted that the strangulation was so severe that the wires embedded into her neck. After committing the crime, Kumar fled the scene. The High Court criticized him, saying that the crime was not a sudden act but something that was carefully planned.

  • India’s GST Hike: Fizzy Drinks to Face 35% Tax Increase!

    India’s GST Hike: Fizzy Drinks to Face 35% Tax Increase!

    On Monday, a group in charge of deciding taxes in India agreed to raise the tax on fizzy drinks to 35% from 28%. This change is aimed at making unhealthy items that are often linked to health problems, like cigarettes and tobacco, more expensive. The final choice about these new taxes will be made by a meeting of top government officials on December 21.

    Right now, India has four tax levels: 5%, 12%, 18%, and 28%. The new 35% rate will be added for these unhealthy items. Currently, items that are considered necessary, like food, either have no tax or a very low tax, while luxury items, like cars and washing machines, have higher taxes. The proposal would also mean a special rate of 35% on tobacco products and fizzy drinks.

    The news about higher taxes caused the shares of Varun Beverages, a major partner with PepsiCo in India, to fall by over 5%. Most of their money comes from selling fizzy drinks, which have been struggling because of the high taxes. Despite this, their shares have shown some growth over the last month and six months.

    A report showed that the high taxes in India make it hard for carbonated drinks to grow and reach their full business potential. Comparisons by the World Bank reveal that India has one of the highest total tax rates on sugary drinks, standing at 40% in 2023

  • Indian Oil Corp Stock Rises 1.01% Amidst Sensex Fluctuations

    Indian Oil Corp Stock Rises 1.01% Amidst Sensex Fluctuations

    Indian Oil Corporation Limited (IOC) has recently shown a slight increase in its stock price, rising by 1.01%. This change happened while the Sensex, which is a big stock market index in India, experienced ups and downs. The Sensex is important because it reflects how well the stock market is doing overall. Investors keep a close eye on IOC because it plays a crucial role in the energy sector, helping to supply fuel to millions. If you are interested in investing or just want to keep track of market trends, watching IOC could be a good idea

  • Madhu Mullassery Exits CPIM: Will He Join BJP Next?

    Madhu Mullassery Exits CPIM: Will He Join BJP Next?

    Madhu Mullassery, a well-known leader from the CPIM party, has decided to leave after many years. He has played an important role in the party and was once a member of the state committee. Mullassery’s exit has surprised many people since he has been a loyal member for a long time.

    Rumors suggest that he might be joining the BJP, another political party in India. If he does switch parties, it could bring big changes to local politics. People are watching closely to see where he will go next and what that means for his supporters.

    The CPIM party is going through some changes, and Mullassery’s departure raises questions about its future. Many people are curious about how this will affect local political dynamics and which direction the party will take now.

  • Kash Patel’s Bold Plans for the FBI: What to Expect!

    Kash Patel’s Bold Plans for the FBI: What to Expect!

    Kash Patel, a well-known supporter of former President Donald Trump, has been chosen by Trump to be the new leader of the FBI. Patel is known for questioning the FBI and intelligence groups, and he is likely to face a lot of attention from Congress as he prepares for a difficult Senate confirmation.

    Patel has big ideas for changing the FBI. In his interviews and his book, “Government Gangsters: The Deep State, the Truth, and the Battle for Our Democracy,” he talks about major reforms. Here are some of his key ideas:

    1. Closing the Hoover Building
    Patel wants to shut down the FBI’s building named after J. Edgar Hoover in Washington, D.C. He suggests turning it into a museum about the “deep state.” He said he would close the building on his first day and quickly reopen it as a museum. He plans to move the 7,000 workers to different places around the country to help catch criminals.

    2. Moving the FBI Headquarters
    Patel believes the FBI should move its headquarters away from Washington, D.C., to avoid political issues. Although there are talks about moving to a site in Greenbelt, Maryland, the current FBI Director, Christopher Wray, has concerns about where the new building should go.

    3. Fighting Against Media
    Patel has accused some government officials and the media of plotting against Trump supporters. He said they would go after those in the media who he believes lied about Trump and helped Joe Biden in elections. This talk raises worries about how the Justice Department will protect journalists who report leaks.

    4. Changes to Surveillance
    Patel is critical of the Foreign Intelligence Surveillance Act (FISA), which allows the government to spy on people. He wants better transparency and suggests that people in FISA court should have their own defendCommunityers. While some support his stance, the FBI thinks these surveillance tools are essential for keeping the country safe.

    5. Restructuring the Intelligence Community
    Patel aims to change the intelligence community by separating the FBI’s intelligence work from its law enforcement duties. This idea has been debated since the 9/11 attacks, but some believe it might make it harder for the FBI to tackle threats from inside and outside the country.

    Patel’s ideas might bring significant changes to the FBI, and it will be interesting to see how Congress and the public respond as he moves forward.

  • Tata Power Shares Jump 2.64%: Key Insights for Investors

    Tata Power Shares Jump 2.64%: Key Insights for Investors

    Tata Power’s shares went up by 2.64%, closing at ₹289.50. This rise happened as many investors were looking for good stocks to buy when the market opened. The share price showed a positive trend throughout the day.

    Tata Power is a well-known company that focuses on energy and renewable sources. Experts believe more people might want to invest in Tata Power because they are planning exciting new projects. Their aim is to produce cleaner energy and become a leader in the energy market.

    The company’s performance is also influenced by overall market trends and government policies supporting renewable energy. Investors are keeping a close eye on Tata Power to see how it performs in the future and whether it can continue to grow.

  • Nifty Bank Index Rises 1.0%: What’s Driving the Market Up?

    Nifty Bank Index Rises 1.0%: What’s Driving the Market Up?

    Today, the Nifty Bank Index, which shows how the banking stocks are performing, went up by 1.0%. This is great news in a happy and upbeat market where many stocks are gaining value. Investors are feeling hopeful, and this has led to more buying and greater confidence in the market.

    As more people buy stocks, the market keeps rising, and this is good for everyone involved. The Nifty Bank Index has been a key player in this positive movement, showing that banks are doing well right now.

    If you’re looking to keep track of how the market is changing, it’s important to pay attention to the Nifty Bank Index and the overall market trends.

  • Nifty Realty Surges: Top Gainers and Losers You Should Know!

    Nifty Realty Surges: Top Gainers and Losers You Should Know!

    NEW DELHI: On Tuesday morning around 10:14 AM (IST), the Nifty Realty index was doing well in the market. Some companies saw their stock prices go up, like Mahindra Lifespace Developers (up 1.78%), Brigade Enterprises (up 1.7%), Macrotech Developers (up 1.37%), Sobha (up 1.35%), and Raymond (up 0.84%).

    However, a few companies didn’t do as great. Oberoi Realty fell by 0.61%, DLF dropped 0.31%, and Phoenix Mills was down by 0.22%. The Nifty Realty index was up 0.29% at 1054.30 at the time of this report.

    The overall Nifty50 index rose by 66.91 points, reaching 24342.95, while the BSE Sensex increased by 233.6 points to hit 80481.68. Out of the 50 stocks listed in the Nifty index, 33 were gaining, while 17 were losing.

    Some of the most traded stocks included Vodafone Idea, YES Bank, NTPC Green Energy, Ola Electric Mobility, and Suzlon Energy. Notably, shares of Banaras Beads, Niva Bupa Health Insurance, NTPC Green Energy, Enviro Infra Engineering, and Mask Investments reached their highest price in 52 weeks during today’s trade. On the other hand, Aki India, Shree Ram Proteins, Excel Realty N Infra, Antarctica Ltd, and Ind-Swift Labs hit their lowest price in 52 weeks.

  • Tata Power Battles for Coal Block Compensation: Court Intervenes

    Tata Power Battles for Coal Block Compensation: Court Intervenes

    Tata Power’s stocks are set to gain attention following the Delhi High Court’s request for answers from the Central government and other parties. This is about a case where Tata Power is disputing the coal ministry’s decision to cut its compensation for losing the Mandakini Coal Block in Odisha.

    The High Court has ordered that no changes be made to the compensation ruling until December 4, when they will have another hearing. The authority in charge had lowered the compensation for Tata Power and others regarding the Mandakini Coal Block after a company called Karnataka Power Corporation (KPCL) received the coal block. Tata Power is claiming that this new decision is unfair and was made without proper consideration.

    Tata Power argued that the authority, which is allowed to make these decisions under the Coal Mines (Special Provisions) Act, 2015, slashed the compensation from Rs 182.52 crore to Rs 114.91 crore, saying there was confusion over who the prior buyers were. Tata Power, along with two other companies, was listed as previous claimants for the coal block.

    The company insisted that the authority incorrectly included IFCI Ltd as a secured creditor and awarded them Rs 102.47 crore without recognizing that IFCI hadn’t challenged the original compensation ruling, which had already been finalized.

    Back in 2008, Tata Power and the other companies created Mandakini Coal Company Ltd (MCCL) to manage the coal block. They each owned an equal part of the company. The coal block was not mined, but MCCL borrowed Rs 140 crore from IFCI in 2014, which the companies guaranteed together.

    After the Supreme Court cancelled the coal block allocations in 2014, IFCI demanded repayment of the loan by May 2015. IFCI later filed a claim of Rs 142.92 crore to receive compensation. They wanted the money because they were considered a secured creditor of MCCL.

    While Tata Power and another company cleared their debts, IFCI reduced its claim to Rs 54.36 crore, related to the remaining company that went bankrupt. However, Tata Power’s compensation continues to be unpaid by the authority.

    Meanwhile, MCCL has an appeal pending for more compensation, but neither KPCL nor IFCI has disputed the original compensation order.