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Sensex halts 3-day decline, rebounds over 500 points amid F&O expiry

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Equity benchmarks mustered gains for the first time this week on Thursday as investors piled into the recently-battered metal, bank and IT stocks amid expiry of monthly derivative contracts. Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15. Tata Steel topped the Sensex gainers' chart, rallying 5.27 per cent after its recent rout, followed by SBI, HDFC Bank, Axis Bank, Nestle India, HDFC, ICICI Bank, TCS and Wipro. In value terms, HDFC twins and ICICI Bank accounted for over half of the benchmark's gains. In contrast, Sun Pharma, Reliance Industries, Hindustan Unilever, Larsen & Toubro, Dr Reddy's and Bajaj Finance were the laggards, losing up to 1.16 per cent. The market breadth was in favour of the bulls, with 24 of the 30 Sensex stocks closing in the green. "Markets witnessed healthy shor...

SMC to set up multi-agency consultative board to tackle stray dog menace: Mayor

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Srinagar Mayor Junaid Azim Mattu today said that Srinagar Municipal Corporation (SMC) is mulling to set up a multi-agency consultative board to tackle stray dog issue in the summer capital. Addressing a press conference here, Mayor said the massive urban challenges have piled up over decades in Srinagar. “SMC will ensure that each challenge will be tackled firmly. Since the formation of the democratically elected municipal body, many of these challenges were addressed, and work on others is going on,” he said. Elaborating, he said, “one of the biggest challenges that we are facing is stray dogs.” “This is a complex issue as we have to follow animal welfare board directives and the dog population has grown exponentially.” “It pains me to see young kids falling prey to dog bites and at times end up losing lives. We are going to set up a multi-agency consultative board to deal with the stray dog menace. The board will comprise experts, scientists from SKUAST, and various agencies. We will...

Yasin Malik sentencing: 10 arrested for sloganeering, stone pelting in Maisuma

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Police have arrested 10 youth allegedly involved in stone pelting on Wednesday outside the residence of JKLF chief Yasin Malik at Maisuma area of Srinagar who was sentenced to life in a terror funding case. "10 accused arrested so far in anti-national sloganeering & stone pelting outside home of Yasin Malik prior to sentencing in Maisuma yesterday. All other areas remained peaceful. Youths are again requested not to indulge in activities that can spoil their careers and disrupt familes, " Srinagar Police said in a statement. "Others are being identified & will be arrested soon. Case has been registered under ULPA & IPC. The main instigators of this hooliganism will be booked under PSA. Such anti-national activities & provocative posture will be always dealt strictly & with full force of law, " it added. Malik was sentenced to life imprisonment by a Delhi court on Wednesday. He was convicted under relevant sections of the Unlawful Activities (Prev...

Maharashtra: ED probes Jadhavs' Dubai firm for FEMA violations

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The Law Enforcement Directorate (ED) is investigating a Dubai company owned by the family of former Shiv Sena corporal Yashwant Jadhav, which was formed in 2018, the same year he became chairman of BMC’s standing committee, for allegedly violating the rules of the Foreign Exchange Management Act (FEMA). Around Rs 5 crore was deposited into the company’s account in Dubai, half of it in cash, during the pandemic. ED had summoned Jadhav and his two sons on Tuesday. While Jadhav did not show up, one of his sons recorded his statement. ED will be issuing a new summons to Jadhav soon. The Dubai-registered company, Synergy Ventures (FZC), was owned by Jadhav’s sons and was shut down after the Income Tax (Investigation) Wing launched an investigation into its financial dealings last year.  During interrogation, Jadhav’s son told officers that his father was minding company business. The ED and IT wing suspect that Rs 5 crore was generated in Mumbai through illegal means by Jadhav during hi...