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Major News and Events of 25 March 2015

What Happened on 25 March 2015


Indian Bourses Remain Choppy

Though Indian bourses today opened with marginal optimism, it quickly withered out. While NSE CNX Nifty opened at 8,568.90 (above previous close of 8,542.95), BSE Sensex opened at 28,216.09 (above previous close of 28,161.72). At 9.25am IST, Sensex was up by 45 points and Nifty by 20 points. At 1.15pm IST, CNX Nifty was trading at 8534.40 (down by 8.55 points) and Sensex was trading at 28153.32 (down by 8.40 points). While S&P BSE AUTO, S&P BSE BANKEX, BANK NIFTY, S&P BSE FMCG, S&P BSE HEALTHCARE, and CNX Midcap are trading comfortably in green, 9 other indices were trading in the red.  

Twitter CEO Meets Indian PM; NaMo Launches Twitter Samvad

Dick Costolo, CEO of Twitter In., met Indian Prime Minister Narendra Modi yesterday and launched Twitter Samvad in collaboration with Government of India. It was launched by the Indian PM himself. The new facility will help users get real time tweets from different government offices (including PMO) as SMSes. After meeting Modi, the Twitter CEO told media that the new initiative is built for catering needs of the largest democracy of the world and is based on Indian technological innovation. Costolo said that it is a part of Digital India initiative and it is going to help people to be conversant with government’s initiatives on a real time basis.

Ratan Tata Extends his Social Impact Sector Portfolio with Investment in Grameen Capital India

After making small personal investments in online consumer ventures Snapdeal, Bluestone, CarDekho, Urban Ladder, and Paytm, septuagenarian Tata Group Chairman emeritus Ratan Tata bought minority stake in a non-banking financial company called Grameen Capital India. The other major players who invested in debt vehicle of the NBFC, focusing on affordable education and affordable health, include Amit Patni and Arihant Patni (promoters of Patni Group), Vikram Gandhi (ex-Credit Suisse investment banker), and Shrinivas Demo (promoter of Dempo group). In a statement, Grameen Capital India said that the company intends to raising around Rs 50 crore or $10 million in the initial round.

VK Singh's Office Rubbishes Resignation Rumor Following Tweet Row

MoS for External Affairs VK Singh’s office yesterday night rubbished media reports and rumors about his resignation following the #DUTY and #DISGUST tweet row on Monday. After attending National Day celebration event of Pakistan in New Delhi, organised by Pakistan High Commission in India, he made his displeasure public through his Twitter account. However, after strong reactions from other political parties the ex-Chief of Army Staff reasoned that his tweets were directed towards the media reports and not on attending the event. VK Singh also wondered why the media is making a mountain out of an anthill.

India-China Agree to Maintain Peace and Tranquility Along LAC and to Find Early Solution to Problem

While Special Representatives of both India and China meeting over two days (Monday and Tuesday) and discussing border dispute during 18th round of talks, both the emerging nations agreed to maintaining “peace and tranquility” along LAC (Line of Actual Control) and also agreed to finding solution to the problem at an early date. The meeting took place between Special Representative and state councilor of China, Yang Jiechi, and National Security Advisor of India, Ajit Doval. Sources say that the 18th round of talks took place at a time when Indian PM Narendra Modi is preparing to visit China before completing his first year tenure at PMO.

US Believes India Under Modi Government Creating Positive Energy and Optimism Across South Asia

During a Congressional hearing, Nisha Desai Biswal (Assistant Secretary of State for South and Central Asia) told US lawmakers that India and US have become "indispensable partners" when promoting stability as well as peace in the Indo-Pacific region comes into question. She also said that resurgence of India under the new leadership, clearly hinting at the ascent of Narendra Modi as Prime Minister of India, has created renewed optimism and positive energy in South Asia. Nisha Desai Biswal went on to credit Narendra Modi government for creating stronger bond with the United States of America and mentioned resuming of discussion on Bilateral Investment Treaty.

Ticket Prices for India-Australia Semifinal Match Soar With Looming Threat of Rain

Though Indian fans are gearing up for turning SCG gallery blue, rain may play spoilsport during tomorrow's Semifinal match between India and Australia. It had rained all day yesterday and it may continue tomorrow too. Ticket prices of the high-octane match have soared and the analysts believe the 44,000-capacity stadium will be full to the brim on Thursday. It is reported that an AUS$90 ticket is fetching AUS $1,000 - $1,500 bids. Both Indian and Australian cricket teams are expecting favourable pitch at SCG. While India is expecting a spinning wicket, Aussies are expecting a green top for pacers’ advantage.   

ISRO Publishes 6 Images Sent by Mangalyaan

With Mangalyaan, India’s celebrated indigenous Mars Orbiter Mission, completing six months yesterday in the red planet’s orbit, Indian Space and Research Organisation has released six pictures of Mars taken by the MOM. Out of the six photos, three are of a large martian canyon called Valles of Marineris. The other three images are of artian Clouds around Arsia Mons, wind streak observed from MOM, and “High Reslution image of Super Imposed Impact Craters on Mars”. The last image give 3D view of Valles of Marineris from MCC images.

Huawei launches Honor 6 Plus at Rs. 26,499 and Honor 4X at Rs. 10,499

Huawei has launched a budget and another mid-range smartphones in India. While official price of the budget phone Honor 4X is Rs. 10,499, the mid-range smartphone, Honor 6 Plus, costs Rs. 26,499. While Huawei has announced that Honor 6 Plus will be available soon, pre-order for Honor 4X started yesterday at 4pm IST at Flipkart. The mid-range Honor 6 Plus comes with 5.5-inch display with 1920x1080 pixels resolution, 32GB internal memory, octa-core processor, 3600mAh battery, and external expandable storage up to 128GB. Honor 4X, on the other hand, is powered by quad-core processor and comes with a 5.5 inch display.  

Jammu and Kashmir Disturbed Areas Act 1997 Ceases but AFSPA Still in Place

While reacting to a resolution in the Legislative Council brought by Bashir Ahmed Veeri (member of National Conference) to revoke Disturbed Areas Act, 1997, Amrit Malhotra (Chairman of the Council) said that Jammu and Kashmir Disturbed Areas Act 1997 has lapsed on October 7, 1998 as it was effective for only one year. Additional Secretary to J&K Legislative Council also said that Disturbed Areas Act (DDA) 1997 is not functional currently. DDA gave police officers and magistrates of "Disturbed Areas" special powers to deal with terrorism more effectively.  An official spokesperson added that AFSPA, 1990 is still effective in the disturbed areas of J&K.

Navy Dornier Maritime Surveillance Aircraft Crashes Off Coastal Goa; 2 Officers Missing

Navy Dornier maritime surveillance aircraft crashed between 10pm and 11pm IST yesterday in the coastal belts of Goa (25 nautical miles south-west off the state). Navy sources reveal that two officers including an observer (lady officer of Lieutenant rank) and a pilot have gone missing. The crash took place last night during a routine training sortie. The Indian Navy has launched a full-scale search and rescue operation (deploying six ships and some aircrafts) and till now one survivor has been rescued. However, two officers are missing. Initial reports suggest that the surveillance aircraft crashed due to technical a glitch.

IAS Officer DK Ravi's Death Probe Take New Turn with Allegations From His Father-in-Law and MoS for Home Affairs

IAS Officer DK Ravi’s sudden death has taken a new turn with his father-in-law H Hanumantharayappa alleging foul play by the state CID. Per his allegation, CID had erased part of the CCTV footage that showed Ravi taking a walk outside his residence in the very morning when he was found dead in his residence. When contacted a CID officer claimed that the video quality was sub-standard and the probe is not affected in any manner. The case became murkier with Kiren Rijiju, MoS for Home Affairs, saying selective leaks of the investigation by the Karnataka Government may adversely affect the process of probe.           




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