Major News and Events of 27 March 2015
What Happened on 27 March 2015
High Level of Volatility Makes the Market Choppy
SoftBank Corp in Discussion with Micromax Informatics for buying 20 Percent Stake
Meeting for Bringing Truce Between Warring Aam Aadmi Party Factions Ended on Bitter Note
Ruckus Within Jammu and Kashmir Assembly
Ajit Doval Points out Radicalisation of Pakistani Society and Other Problems from Neighbours
Lieutenant Shekhawat's Body Recovered From Indian Navy Dornier Aircraft's Crash Site
CID Arrests 2 Bangladeshi Nationals Accused of Gangraping 73 Years old Head Nun of Ranaghat Convent
Bharat Ratna to be Conferred to Ex-PM Atal Bihari Vajpayee Today and to Madan Mohan Malviya Posthumously on March 30
Government of India Asks Indian Nationals to Leave Yemen; To Send Ship for Rescuing Indians Stuck in Yemen
Bajaj Auto Launches its Fastest Pulsar Bike Yet in India
India Loses Semi-Final Match Against Australia in ICC World Cup
Minister of IT and Communications, Ravi Shankar Prasad, has called the recently concluded spectrum auction as the most successful one in the history of telecommunications in India. However, he rubbished speculations that the high auction rates of spectrum will sharply increase mobile rates. Prasad told media that time period of auctioned spectrums is for twenty years and the total load per year for the operators will be around Rs. 5,300 crore, which increases call rate by 1.3 paise per minute. Reports say that Idea Cellular and Bharti Airtel spent Rs. 30,300 and Rs. 29,100 crore respectively during auction.
Market today opened with renewed optimism but the early gains were lost with strong downward pull from heavyweight stocks such as Sun Pharma, Dr Reddy’s Labs, Hero Moto, Axis Bank, and ITC. At 9.55am IST, BSE Sensex was up by 57 points and NSE Nifty was up by 15 points. The market is witnessing high level of volatility. At 11.39 am IST, BSE Sensex was trading at 27,499 (an increase of 41.57 points or 0.15 per cent) and NSE Nifty was trading at 8,347.45 points (an increase of 5.30 points or 0.06 per cent).
SoftBank Corp-led investor group is in talks with the management of Micromax Informatics to buy 20 per cent stake in the latter. Sources say partial sale of stake by the Micromax management will open its door of listing the company in the US market in the coming years. When contacted, representatives of Micromax in New Delhi and Japanese mobile telecom company SoftBank Corp in Tokyo declined to comment. Micromax gained significance when back in February, Canalys announced Micromax as the leading supplier of smartphones in India. Reports say, 20 per cent stake sale of Micromax will raise $800 million-$1 billion funds.
Meeting between the warring Arvind Kejriwal and Yogendra Yadav-Prashant Bhushan factions yesterday ended on a bitter note. The negotiation failed as both the groups exchanged volleys of allegations and counter-allegations. While AK supporters alleged that Yadav-Bhushan duo wanted to dislodge Arvind Kejriwal from party chief’s position, Prashant Bhushan claimed it to be a “Total Lie” in a press conference and went on to say that yesterday’s meeting was organised to merely seek resignation from them. Senior AAP leader Ashutosh told media that he can’t fight against the senior colleagues Yogendra Yadav and Prashant Bhushan and went on to offer giving up National Convenor’s post.
Jammu and Kashmir Assembly witnessed ruckus within its premises as the MLAs got involved in shoving, manhandling, and hitting each other. While the ruckus was going on, some school children, who had come to witness the Assembly proceedings, watched the MLAs scuffle from the gallery. At one point of time the jostling became so violent that a bench toppled over and the MLAs fell on it. A PDP leader, Naeem Akhtar, said that the school children were exposed to the unwanted event that went on in the assembly and he feels bad because they are not going back with good memories about the assembly.
Ajit Doval, National Security Advisor, while speaking at an Air Force event yesterday said that "radicalisation of the Pakistani society” has indeed become a problem and showed his skepticism on Pakistan’s ability to tackle increasing radicalisation problem of Pakistani society. Doval went on to say that India wanted to deal in a transparent, fair, and correct manner. However, Pakistan’s attitude of not accepting the practicality of covert war and resorting to pressure tactics have accentuated the problem. Ajit Doval also acknowledged the insurgency problems from Myanmar, usage of Nepal by various groups for performing erroneous activities, and illegal migrants problem from Bangladesh.
27-year old woman officer Lieutenant Shekhawat’s body was recovered yesterday from the crash site of Indian Navy Dornier aircraft. She is the first woman officer in India to die during line of duty. The dornier’s wreakage was located yesterday morning 60 meters below sea in the south-west coastal region of Goa. In 2010, Lieutenant Shekhawat was commissioned in Navy and at the time of death, she was training to become an Observer. Per a senior officer, a Board of Inquiry will determine the reason of Navy Dornier’s crash. He added that Shekhawat died because of her inability to come out of the aircraft.
West Bengal’s Criminal Investigation Department has at last succeeded in nabbing two persons, both Bangladesh's nationals, accused of robbing a convent school in WB’s Ranaghat in Nadia district and then gangraping 73-year old head nun. One of the suspects was arrested from Mumbai after tracing the stolen mobile’s location. His name is Shaikh Salim and was slapped with multiple charges under IPC Sections 376, 395 and 397, accusing him of robbery, dacoity, extortion, and rape. DIG Dilip Adak said that Sheikh has admitted being present at the spot of crime. It is also learnt that Ranaghat Bar Association has decided not to defend the accused.
India’s highest civilian award, Bharat Ratna, will be conferred to first non-Congress Prime Minister to complete his five-year term - Atal Bihari Vajpayee, who is respected by almost across all party lines, today. Announcement of conferring Bharat Ratna to the nonagenarian was done on 24 December 2014. Atal Bihari Vajpayee was the PM of India from 1998 to 2004. Bharat Ratna award will also be conferred to Madan Mohan Malviya, founder of Banaras Hindu University, posthumously to his family at Rashtrapati Bhavan on March 30. Till now 43 people have received highest civilian award of India including four Prime Ministers.
With escalating crisis in Yemen, Indian government has issued an advisory to all Indians living there to leave the country immediately. The advisory has been issued after the Houthi Shiite rebels drove President Hadi out of Yemen and captured the Presidential Palace. Government sources revealed that Government of India is all set to send ships to Yemen and bring back Indian nationals stuck there due to crisis. Available reports say that there are around 3,500 Indians living in Yemen, out of which 2,500 live in Sana'a, Yemen’s capital. Helpline numbers, set up by Indian Embassy, are 00-967-734 000 657 and 00-967-734 000 658.
Science and Technology
Bajaj Auto has launched its fastest-ever Pulsar bike yet in India - RS200 - yesterday. While the Non-ABS version will be available at an ex-showroom price of Rs. 1,18500 in Delhi, ABS-version will cost Rs. 1,30,269. Per available information, Bajaj Pulsar RS200 is the fastest bike yet in the Pulsar category, where the top speed is claimed to be 141kmph. Reports say, the new RS200 is the fully-faired version of Pulsar 200NS and both of them run on a 199cc engine. In an official statement, Bajaj has claimed that per litre efficiency of RS200 is 54kmpl.
India was humiliated by Australia during second semi-final match of ICC World Cup 2015 yesterday. With Steve Smith (105) and Aaron Finch (81) putting up a second-wicket partnership of 182 runs Australia scored 328 runs at a loss of seven wickets. With 329 target to chase, India got a good start but soon lost 4 wickets in quick succession. Skipper Mahendra Singh Dhoni scored 65 runs and was highest scorer of Team India. India was all out by scoring 233 runs in 46.5 overs. Aussies won the match by 95 runs and will now face New Zealand in the final.