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TMC worker shot dead in West Bengal civic poll

Incidents of violence have been reported from several areas including Burdwan district in West Bengal just after the beginning of civic polls. One TMC worker has been shot dead in Burdwan. As per the State Election Commissioner, 35 companies of central forces in addition to state forces have been deployed to keep the situation under control during polling. In all 763 candidates are contesting civic polls and near about 74 lakh people are eligible to vote.

Opposition Parties Walk Out after Government Insists upon Discussion of GST Bill

After Union Finance Minister Arun Jaitley tabled Goods and Services Tax (GST) bill in Lok Sabha and union government insisted upon holding discussion on the bill, the entire opposition walked out of the parliament. Congress-led opposition, however, insisted upon sending the concerned bill for scrutiny to the parliamentary committee before debating it in the house. Union government wanted discussion on the bill today followed by a voting tomorrow. To stall the bill in the parliament, Congress said that an important bill like this cannot be brought on Friday and insisted on the fact that pending financial business should be considered first.

Funds from US Arm of Ford Foundation Placed Under the Scanner by the Home Ministry

International funding organisation, Ford Foundation, has been placed under the scanner by the Home Affairs Ministry. As per reports, Reserve Bank of India has been asked by the ministry to notify it whenever fund is transferred by the US based Ford Foundation. As per the requirements of Foreign Contribution Regulation Act, funds that are coming to Indian shores from the US arm of Ford Foundation must be cleared by the Home Ministry for ensuring proper utilization of funds for the welfare activities only and not for purposes adversely affecting “national interest and security”. The move comes after Gujarat government’s request of taking action against Ford Foundation as they alleged that the funds from Ford Foundation were used by Teesta Setalvad’s Sabrang Trust NGO for "abetting communal disharmony" and "interfering in the internal affairs" of India.

Infosys trying to regain its market share

Quarterly net profit posted by Bengaluru-based Infosys is far below the expectation of most of the analysts. Recent frequent changes in the top management are impacting the ability of Infosys, India's second largest software service exporter. As per media reports, Infosys is trying to regain its market share and is expecting a rise in revenue to $20 billion by 2020 from $8.7 at present.

Infosys Stock Nosedives over 6 Per Cent after Reporting Decrease in Dollar Revenue Growth

Even after reporting a net profit of Rs. 3,097 crore and total sales of Rs. 13,411 crore during fourth quarter of 2014-15 fiscal, revenue of Infosys in constant currency during Q4 of 2014-15 decreased by 2.4 per cent. The quarterly report published today is a disappointment for the market as rivals of Infosys including HCL Tech, TCS, and Wipro reported dollar revenue growth of 2.7 per cent, 1.6 per cent, and 1.2 per cent respectively. CEO of Infosys, Vishal Sikka, said that the Q4 result were disappointing considering the fact that the company did well in the first three quarters. Infosys Ltd. stock today nosedived by 5.98 per cent or 126.80 points to 1,995.20 points at 3.51 pm IST.

Cairn India Posts Q4 Loss of Rs 241 crore

Cairn India, which produces 1/5th of India’s total oil, posted a quarterly loss of Rs 241 crore during Q4 of 2014-15. This is the biggest loss of the company and the first quarterly loss registered in the last seven years because of foreign exchange loss, sustained low oil price, and one-time impairment loss in Sri Lanka. Poor performance of the company led to its stock opening at a 52-week low level of Rs. 202 per share today. However, the stock regained some of its lost shine with progress in the trading session. At 2.11pm IST, Cairn India Limited was trading at 216.40, 1.31 per cent up from previous close, at NSE.

Lava launches Lava Iris Alfa L at Rs 8,000

Lava, an Indian handset maker, has launched the new Lava Iris Alfa L. The smartphone will be available at a price of Rs 8,000 and in two colour variants i.e. White and Black. Lava Iris Alfa L's 5.5-inch qHD IPS display will come with a 540 x 960 pixel resolution. 1GB RAM, a1.3 GHz quad-core MediaTek processor, dual SIM, 8 GB internal storage, an 8MP autofocus PureCel rear camera and LED flash are few of the product features.

Xiaomi Mi 4i Launched in India; To Go on Flash Sale on April 30

Xiaomi Mi 4i smartphone has been launched in India at a mid-range price of Rs. 12,999. As per available information, this new flagship phone will be available in five colours – Pink, Light Blue, Orange, White, and Black. Though Xiaomi Mi 4i will be available for flash sale on Flipkart from April 30, its pre-order registration started yesterday evening at 8pm IST. The launch event of Xiaomi’s flagship smartphone in India was attended by both Lei Jun (CEO and Founder of the company) and Hugo Barra (VP Xiaomi Global).

One Million Emails Sent to TRAI in Support of Net Neutrality

In a bid to save net neutrality, almost one million mails have been sent to Telecom Regulatory Authority of India in a span of just 12 days. TRAI has received around 9,94,230 emails supporting neutrality of internet, at a rate of 50 emails per minute. A volunteer at Savetheinternet, Kiran Jonnalagadda, told media that the campaign was unprecedented as it touched the one million mark in just over ten days span, surpassing their expectation of getting around 15,000 emails. The issue took a political turn when Vice President of Congress Rahul Gandhi vouched for a new law for protecting net neutrality. In response, telecom minister Ravi Shankar Prasad made it clear that his government stands in favour of free internet.

IOC President to Meet PM Modi Fueling Speculation of India's 2024 Olympic Hosting Bid

President of International Olympics Committee (IOC), Thomas Bach, is all set to meet Indian Prime Minister Narendra Modi on Monday. The upcoming meeting has fueled speculation that Modi may show willingness to host the 2024 Olympics in India. Sources say that PM Narendra Modi may approve bidding for hosting the game after the meeting. When Randhir Singh, the only IOC member from India, was contacted he said that approval of bidding to host Olympic games will be welcomed by his colleagues in the IOC. He downplayed the talks on hosting 2024 Olympics by calling it wishful thinking. However, he kept the hope alive by saying that if India misses the 2024 opportunity, it may host 2028 or even 2032 Olympics.

Sports Ministry Suspends Paralympic Committee of India

The sports ministry has suspended the Paralympic Committee of India (PCI) for poor management of the fifteenth National Para Athletics Championships that was held in Ghaziabad from 20 March to 22 March. The decision comes after International Paralympic Committee took a similar step against PCI on April 15. National Sports Federation’s recognition was suspended by the sports ministry yesterday with immediate effect till further notice. The sports ministry took the decision after Sports Authority of India’s inquiry found serious flaws in administration, technicals and logistics while conducting National Para Athletics Championships in March.

Sportspersons to be honoured at Calcutta Sports Journalists' Club Annual Awards

Calcutta Sports Journalists' Club will give awards to sportspersons for their notable contribution to sports at Kolkata’s Rotary Sadan on 23 April. While Lifetime Achievement Awards will be conferred to Aparna Ghosh and Gurbux Singh for their long years of contribution to Basketball and Hockey respectively, Saurav Ghosal will be given Best Sportsperson of the Country award for winning team gold medal and silver medal in singles competition of squash during 2014 Incheon Asian Games. Other players who will be given awards during the ceremony are Doyel Dey (cue sport), Atanu Das, Chandan Bauri and Swapna Burman (athletics), Wriddhiman Saha (cricket), Rajdeep Sarkar (chess), Jose Barreto (football), and others.

India sends relief material to earthquake hit Nepal

As a part of relief and rescue operations, C-130 J Super Hercules aircraft of Indian Air Force took off from the Hindon airbase with NDRF personnel and relief material for earthquake hit Nepal. The aircraft will drop the NDRF team and then carry out operations to check road communication to Pokhara. After this it will return to Hindon. To continue this operation, another IL76 transport aircraft will fly from Bhatinda for Nepal.

Congress and its youth wings protest on net neutrality

The Delhi Congress and its youth and student wings supported the stand of Congress Vice President Rahul Gandhi on net neutrality and staged a protest at Jantar Mantar, New Delhi. They were supporting freedom to access the Internet and demanded to protect consumer rights. Congress party leader Ajay Maken said that only consumers should decide if they want to use Facebook, Twitter or WhatsApp and whether they want to buy from Flipkart or Amazon India.

Prime Minister Narendra Modi enjoys Metro ride to Dwarka

Prime Minister Narendra Modi took a Metro ride from Dhaula Kuan to Dwarka along with National Security Advisor Ajit Doval. He was going to Dwarka to inaugurate the new National Intelligence Academy and took the Metro to avoid any inconvenience to the public caused by security arrangements. PM Modi in a tweet praised E Sreedharan, the retired Indian Engineering Service officer and the man behind the success of the Metro.