Somber macros to dent equities
Rising risk of inflationary pressure as shown by the latest macro economic data will dent the equities market’s upward trajectory during the week ahead.
| 15 March 2021 6:02 AM GMT
MUMBAI: Rising risk of inflationary pressure as shown by the latest macro economic data will dent the equities market s upward trajectory during the week ahead.
Besides, rising bond yields in the US, expensive valuations and rising COVID-19 infections will dampen investors sentiments, market observers cited. The CPI and IIP numbers that came out on Friday in India could dampen the equity markets early next week, HDFC Securities Retail Research Head Deepak Jasani said. 14,862 is a crucial support on falls for the Nifty while 15,336-15,432 is the resistance band. A fall below 14,862 could result in sharper and broader sell-off.
STAFF REPORTER
GUWAHATI: The Corona-induced lockdown leading to the sealing of the India-Bhutan border has brought to light a hitherto unknown fact that the BTR (Bodo Territorial Region) had all along been a haven for elephant killings.
Sleuths of the Wildlife Crime Control Bureau recovered four elephant carcasses – one each on March 31, 2020 from Panbari (Chirang), August 28, 2020, October 12, 2020 from Batabari (Baksa), and also on October 16, 2020 from Kumarikata (Baksa). All the four carcasses have their tusks missing.
Likewise, the sleuths seized a pair of elephant tusks on August 24, 2020 from Runikhata (Chirang) leading to the arrest of a person; another pair of tusks from the same location on August 25, 2020 leading to the arrest of a person; and yet another pair of tusks on September 7, 2020 from Batabari (Baksa) leading to the arrest of three persons.
Gulf money received by Rauf Sherif was cover for PFI remittance
The money received from Gulf countries by arrested Campus Front in India (CFI) general secretary K.A. Rauf Sherif was not meant for the mask business
| 15 March 2021 8:18 AM GMT
NEW DELHI: The money received from Gulf countries by arrested Campus Front in India (CFI) general secretary K.A. Rauf Sherif was not meant for the mask business during the COVID-19 lockdown or as a commission but was a disguise under which money was being remitted from Popular Front of India (PFI) member NoufalShareef and others.
The ED has filed its first chargesheet against five office bearers of the PFI and its student wing, the CFI, including Sherif in connection with its money laundering probe in February this year.
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