Evening digest: Sensex cracks below 25,000-mark on Chinese woe

GN Bureau | January 7, 2016



Turbulence in the Chinese market sent global investors, including those on the Dalal Street, scurrying for cover. On Thursday morning as the CSI 300 index in Shanghai tanked 7% and the authorities there halted trading for the day, the Sensex lost over 400 points and slipped below the psychologically important 25,000-mark. This was the second 7% fall in the benchmark index for the Chinese stock market this week, which was on the back of signs of further economic weakness in the world's second largest economy. The Sensex has lost over 1,000 points since its New Year day closing at 26,161.The broader Nifty also slipped below the 7,700 level on across-the-board selling.In addition, weakness in the rupee against the American currency too weighed on the sentiment. China's central bank again surprised markets by setting onshore yuan's value lower to the US dollar, sending the domestic stock markets tumbling.

Islamic State's threat to Asaduddin Owaisi - keep your mouth shut
Member of parliament and All India Majlis-e-Ittehadul Muslimeen (AIMIM) president Asaduddin Owaisi has received threat from the Islamic State. The Muslim leader said  that he has been warned by the ISIS terror group on Twitter to keep his mouth shut. The AIMIM chief has in the recent past spoken against the ISIS and this is what is believed to have led to the threatening tweets. “Its better for you to shut your mouth on Islamic State if you don't know the truth, IslamicState will invade india soon (sic),” a Twitter handle in the name of @abotalout warned Owaisi. A second tweet read: “Your Disgrace for Muslims of India. Opposing islamicstate will lead you to hell only repent before end (sic).” The tweets are suspected to have originated from an ISIS managed account. Owaisi, meanwhile, responded to the tweets: @abotalout sir you are a bloody Takfiri if you want to debate on Evil ISIS I am ready you will not be able to counter my Theological Points. "@abotalout you can dream so keep dreaming Takfiri read @Shaykhabulhuda book on ISIS will bring y out of Darkness of ISIS Allah give Taufeeq."

Homeopathy, astrology are bogus, harmful and useless, says  Nobel laureate
Nobel laureate Venkatraman Ramakrishnan has dubbed homeopathy and astrology as “bogus”. Ramakrishnan told Hindustan Times that the two fields are useless and harmful practices. The Nobel laureate further asked everyone to instead focus on real science. Ramakrishnan, a chemistry scientist, believes India should have a more rational outlook on such practices. “There is no scientific basis for how movement of planets and stars can influence our fate. There is no reason for time of birth to influence events years later. The predictions made are either obvious or shown to be random,” the daily quoted Ramakrishnan as saying. “Once beliefs take root, they are hard to eradicate. A culture based on superstitions will do worse than one based on scientific knowledge and rational thoughts,” he added, while slamming astrology. Speaking against homeopathy, Ramakrishnan debunked the popular belief that the practice originated in India. He clarified that Germans had started practising homeopathy first. “They (homeopaths) take arsenic compounds and dilute it to such an extent that just a molecule is left. It will not make any effect on you. Your tap water has more arsenic. No one in chemistry believes in homeopathy. It works because of placebo effect,” the Nobel winner said.

Donald Trump gives thumbs up to teary-eyed Obama, calls him 'sincere'
As President Barack Obama makes an aggressive push to curb gun violence, Donald Trump said he disagrees with the president on his gun control measures, but his tears were real. "I think he probably means well," the frontrunner Republican presidential candidate said on Fox News Wednesday when asked about an emotional Obama tearing up as he talked about the first graders massacred at a Sandy Hook elementary school in 2012. Obama Tuesday announced new executive actions on guns, including narrowing the so-called "gun-show loophole" on background checks. What the president gets wrong is "the concept" behind his efforts, not his emotion, said Trump reiterating his position that the answer to mass shootings is having more people with guns in the room, not fewer. "I actually think he was sincere, I'll probably go down about 5 points in the polls by saying that, but I think he was sincere," Trump said.

Microsoft launches Surface Pro 3 & Surface Pro 4 in India
Microsoft's Satya Nadella announced last month on his visit to India that their Surface line of personal computing devices will be launching in India soon. Keeping true to his word, Microsoft today launches both Surface Pro 3 and Surface Pro 4 in India. Microsoft only launched one version of the Surface Pro 3. Priced at Rs 73,990, it comes with Intel core i3 processor, 4GB RAM and 128GB storage. Other specifications include a 11.8-inch touchscreen display (2160x1440 pixels), microS

Microsoft only launched one version of the Surface Pro 3. Priced at Rs 73,990, it comes with Intel core i3 processor, 4GB RAM and 128GB storage. Other specifications include a 11.8-inch touchscreen display (2160x1440 pixels), microSD slot for storage expansion, 5MP rear and 5MP front camera.
Surface Pro 4 will be launched in two categories - consumer and Business. There will be 3 variants in the consumer category with option of Intel core i5/i7 processor, 4/8GB RAM and 128/256GB SSD sto.

Comments

 

Other News

“But for Nehru’s non-alignment, India would’ve been where China is today”

Dark Secrets: Politics, Intrigue and Proxy Wars in Kashmir By Iqbal Chand Malhotra Bloomsbury, 277 pages With his latest work, ‘Dark Secrets’, scholar and media personality Iqbal Chand Malhotra continues the investigation he began with

Maharashtra schools to reopen on January 24

Maharashtra has announced the reopening of schools for classes 1-12 from January 24 with Covid protocols. Education minister Varsha Gaikwad said on Thursday that the government will reopen schools for classes 1-12th with Covid protocols from January 24. “We have also decided to open p

No irregularly in appointment of engineer: BMC counters BJP MLA

The BrihanMumbai municipal corporation (BMC) has rejected BJP MLA Ameet Satam’s demand in a letter to BMC commissioner Iqbal Chahal to cancel the appointment of Sunil Rathod, deputy chief engineer, building and proposal department, western suburbs, for getting caught red-handed accepting bribe by ACB

Cast your vote, not vote for caste

Once the schedule for the next assembly elections has been announced, there is a flurry of activity around building caste coalitions. This is more intense in the most populous state,  Uttar Pradesh, which is the most important state in India in any election, in view of its large population estimated a

Maharashtra cities dominate Smart Cities Mission #Streets4People Challenge

In a competition organised by the Ministry of Housing and Urban Affairs (MoHUA), Pune, Pimpri-Chinchwad, Nagpur and Aurangabad from Maharashtra are among the 11 cities selected for scaling up their pilot projects and creating permanent public infrastructure. #Streets4People Challenge was org

CNC, Admiral R Hari Kumar condoles deaths of three navy personnel

The three Navy personnel who succumbed to injuries caused by an explosion on board Indian Navy`s destroyer ship INS Ranvir have been identified as Krishan Kumar MCPO (master petty chief officer)I, Surinder Kumar MCPO II & AK Singh MCPO II. In a condolence message, Admiral R Hari Kumar s

Visionary Talk: Farmer`s Agitation, Rakesh Tikait with Kailashnath Adhikari


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter