Equity indices trade firm, auto stocks surge

Agencies
March 1, 2021

West Coast Paper Mills shares rally 13% on decision to acquire stake in  International Paper - cnbctv18.com

Mumbai, Mar 1: Equity benchmark indices traded firm during early hours on Monday on the back upbeat global sentiment and India getting technically out of recession with Q3 GDP data showing 0.4 per cent growth.

At 10:15 am, the BSE S&P Sensex was up by 735 points or 1.5 per cent at 49,806 while the Nifty 50 edged higher by 210 points or 1.45 per cent to 14,739.

All sectoral indices at the National Stock Exchange were in the green with Nifty auto up by 2.2 per cent, financial service by 2 per cent, private bank by 1.8 per cent and IT by 1.5 per cent.
Among stocks, Hero MotoCorp surged by 3.7 per cent to Rs 3,334.40 per share and Mahindra & Mahindra by 3.5 per cent to Rs 835.30.

Power Grid Corporation ticked up by 3.5 per cent, ONGC by 3.3 per cent and Titan by 2.9 per cent. However, Bharti Airtel fell by 2.3 per cent, SBI Life by 0.6 per cent and Hindalco by 0.5 per cent.

Meanwhile, Asian shares rallied as some semblance of calm returned to bond markets after last week's ride. Progress in the huge US stimulus package underpinned optimism about the global economy also sent oil prices higher.

MSCI's broadest index of Asia Pacific shares outside Japan edged up by 0.8 per cent. Japan's Nikkei rallied by 2.1 per cent while Chinese blue chips added 0.5 per cent.

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Agencies
April 22,2025

US President Donald Trump's administration intends to press India to give online retailers such as Amazon and Walmart full access to its $125 billion e-commerce market, the Financial Times reported on Tuesday, citing industry executives, lobbyists and US government officials.

The US plans to push Prime Minister Narendra Modi’s government for a level playing field on e-commerce in wide-ranging talks on a US-India trade agreement set to also cover sectors from food to cars, the newspaper reported.

It did not mention what measures the Trump administration expects from the Indian government.

Amazon and Walmart operate in India through local units but face restrictions on holding inventory and directly selling to consumers, unlike domestic firm Reliance, which can open physical stores and leverage its vast retail network to reach customers across the country.

Amazon and Walmart did not immediately respond to Reuters' requests for comment.

India and US are in the middle of chalking out a trade deal as part of New Delhi's efforts to avoid US tariffs.

US Vice President JD Vance also met with Indian Prime Minister Narendra Modi on Monday, as officials in New Delhi expect to clinch a trade deal with the U.S. within the 90-day pause on tariff hikes announced by Trump on April 9 for major trading partners.

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News Network
April 16,2025

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Bantwal, Apr 16: A fatal pothole on a local road has claimed the life of a young community leader, sending shockwaves through the Bantwal region. Melroy D’Sa (25), president of the Thodambila Unit of the Indian Catholic Youth Movement (ICYM), died in a tragic bike accident late Tuesday night.

Melroy was reportedly riding his motorcycle when he lost control after hitting a pothole. Locals who witnessed the incident rushed him to a nearby hospital, but despite swift medical attention, he could not be saved.

A beloved figure in youth circles, Melroy was known for his leadership, vibrant spirit, and active involvement in community service across the Bantwal deanery. Many had seen him as a rising leader with a bright future.

The ICYM Central Council expressed profound grief over the loss, paying tribute to Melroy’s dedication to youth empowerment and his unwavering commitment to social causes. His untimely death has left a deep void in the community he passionately served.

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News Network
April 21,2025

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Pope Francis, the beloved spiritual leader of 1.4 billion Catholics worldwide, has passed away at the age of 88. After battling age-related illnesses and spending over a month in the hospital, he departed peacefully, leaving behind a legacy of compassion, humility, and service. His death marks the end of an era and opens a sacred and solemn chapter of transition for the Roman Catholic Church.

The Final Hours and Ancient Rituals

With the pope’s passing, the Vatican enters the interregnum — a time between the end of one papacy and the beginning of another. The camerlengo, the Church's administrator of temporal affairs, performs a centuries-old ritual to confirm the pope’s death. He gently calls the pontiff’s baptismal name three times. If there is no response, the pope is declared dead — a symbolic moment of both loss and tradition.

An earlier custom involved tapping the pope's forehead with a small silver hammer, a practice discontinued after 1963.

The camerlengo then seals the papal apartment and prepares for the destruction of the Fisherman’s Ring and the papal seal — powerful symbols of papal authority. Their destruction signifies the official end of the pontiff’s reign.

A Funeral Rooted in Legacy

In accordance with the constitution Universi Dominici Gregis, the pope’s funeral must be held within four to six days. It will most likely take place at St. Peter’s Basilica, unless otherwise requested by the pope himself. A nine-day mourning period, known as novemdiales, follows the funeral.

The Sacred Search for a Successor

Around 15 to 20 days after the pope's passing, the papal conclave begins — a profoundly secretive and spiritual election process. Cardinals under the age of 80 gather in the Sistine Chapel, cut off entirely from the outside world, including phones and media.

They vote in repeated rounds. After each, ballots are burned. Black smoke rising from the chimney signals no decision. White smoke proclaims that a new pope has been chosen.

"Habemus Papam" — A New Dawn

Once a cardinal is elected and he accepts the sacred role, he chooses a papal name — often in honor of past saints or spiritual inspirations. Then, from the balcony of St. Peter’s Basilica, the senior cardinal deacon steps forward and declares to the world:

“Habemus Papam” — We have a pope.

A moment of silence gives way to thunderous cheers as the newly chosen pope steps forward, greeting the faithful and offering his first blessings. The bells of the Vatican ring out in joy, marking the beginning of a new spiritual journey for the Church and its followers.

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