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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News Network
May 13,2025

Udupi, May 12: A tragic incident unfolded at a wedding in Nandikur, Udupi district, when a four-year-old boy, Vasudeva, drowned in a temple pond near the venue.

According to a police complaint filed by Satyanarayana, 38, a resident of Kurkalu village in Kaup, the child had accompanied his mother, Soumya, and siblings—Vaishnavi (10) and Vishnu Priya (1)—to attend a wedding at the Sri Durgaparameshwari Temple Hall in Nandikur.

At approximately 2:00 p.m. on Sunday, Soumya was feeding her infant daughter inside the hall while Vasudeva remained nearby. After tending to the baby, she stepped away briefly to wash her hands, during which time she noticed that Vasudeva was missing.

A frantic search ensued involving family members and others at the venue. About 15 minutes later, at around 2:15 p.m., Vasudeva was found unresponsive in the temple pond adjacent to the hall. Bystanders pulled him from the water and attempted resuscitation.

He was immediately rushed to a private hospital in Udupi, where doctors declared him dead on arrival. Despite this, the family sought further medical assistance at a hospital in Manipal, but physicians there also confirmed that he had passed away.

The Padubidri police have registered a case and are investigating the incident.

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News Network
May 15,2025

Udupi, May 15: A routine surgery turned tragic at a private hospital in Udupi’s Karkala on Wednesday evening when a 54-year-old woman died during a procedure to remove a suspected abdominal lump. 

The incident triggered immediate outrage from the deceased’s family, leading to a protest outside the hospital premises.

The deceased has been identified as Zubaida, a resident of Sanur, who had been living in a rented house near the hospital. She was admitted after complaining of severe abdominal pain, and doctors advised surgical intervention to remove a lump believed to be the cause of her discomfort.

However, Zubaida reportedly passed away mid-surgery, sparking anger and grief among her relatives and local residents. A crowd soon gathered outside the hospital, demanding an explanation from the medical staff and questioning the circumstances surrounding her death.

As tensions rose, police personnel from the Karkala Town Station were called in to pacify the situation and prevent further escalation. Authorities managed to restore calm and are reportedly investigating the incident.

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News Network
May 10,2025

Mangaluru, May 10: A new chapter in Mangaluru’s infrastructure story unfolds on May 16, as Chief Minister Siddaramaiah arrives to inaugurate two transformative projects: the newly built Deputy Commissioner’s Office at Padil and a world-class indoor stadium at Urwa.

These developments signal a strong push toward better governance and enhanced urban amenities in the coastal city.

₹75 Crore DC Office

The new DC Office, spread across a modern campus at Padil, comes with a price tag of ₹75 crore. Initially budgeted at ₹55 crore, the project received an additional ₹20 crore under the Smart City Mission, aimed at integrating technology and convenience in public administration.

“This facility reflects our vision of a centralized, people-friendly government. With 23 departments under one roof, citizens can now access services more efficiently,” said District In-charge Minister Dinesh Gundu Rao.

The phased relocation of departments will begin on the day of inauguration and be completed over the next 2 to 3 weeks.

₹35 Crore Indoor Stadium Opens Doors

Also on the agenda is the grand opening of Mangaluru’s new indoor sports complex in Urwa, built for ₹35 crore. This ultra-modern facility is equipped to host national-level indoor events and will offer quality training infrastructure for emerging sports talent in the region.

Initiated during Siddaramaiah’s previous term, both the stadium and DC Office projects are now ready for public use and are expected to create lasting impact.

“These projects are not just buildings. They are investments in governance, youth, and the future of Mangaluru,” said Rao.

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