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Friday, September 30, 2016

Indian stocks plummet as threat of war triggers all-round selling Thursday Sep 29,2016

Indian stock markets posted their biggest decline since the Brexit vote on Thursday Sep 29,2016, after the army announced that it had carried out "surgical strikes" across the Line of Control (LoC) on suspected militants preparing to infiltrate from Pakistan-occupied Kashmir.

After the press briefing on the surgical strikes by Director General of Military Operations Lt Gen Ranbir Singh, the stocks plunged up to 4 per cent amid concerns that foreign investors, who have pumped in about Rs 50,000 crore into domestic equity so far this year, may exit the country in case hostilities escalate.


The benchmark Sensex plummeted by over 465 points, the biggest single-day fall in three months, after news of the strikes.

The 30-share benchmark index settled at 27,827.53, down 465.28 points, or 1.64 per cent - its biggest single-day fall since June 24 and weakest closing since August 26 when it closed at 27,782.25.

The 50-share NSE Nifty, which cracked below 8,600-level to hit a low of 8,558.25 during trade but managed to recover apart of the losses and settled down 153.90 points, or 1.76 per cent, at 8,591.25.


Note

What constitutes surgical strikes?


A surgical strike in military terms is an operation that is intended to take out a specific target, with no or limited collateral damage.

In Army’s terms, it is a fast operation carried out by a small unit, or it could be a well aimed missile. By the Air Force, it can be an aircraft targeting a single building or vehicle, as opposed to carpet bombing an area.

The strike across the LoC was reportedly carried out by Para Commandos and Ghatak platoons of the Indian Army. These are members of the Special Forces under the Parachute regiment who are trained specifically for such operations, and specialised teams part of infantry units. They are trained to parachute in to enemy territory and conduct precise missions, or to sneak in quietly across enemy lines. 

Surgical strikes are the alternative to sending in troops and tanks, creating a situation that could escalate to full-blown war. Governments often deny them or deal with the aftermath diplomatically.

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To all the viewers of my blog in USA

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  I have covered till date about 100 + countries of the world out of the 196 countries of the world


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Supreme Court of India(SCI)Sets Aside the Patna High Court order granting bail to RJD leader Shahabuddin Friday Sep 30,2016

Controversial RJD leader Shahabuddin was back in prison 20 days after his release, as the Supreme Court of India(SCI)on Friday Sep 30,2016  set aside the Patna High Court order granting him bail in a murder case saying the discretion to release must be applied in “judicious manner” and “not as a matter of course”. 

“The order passed by the High Court granting bail to the respondent-accused (Shahabuddin) is set aside and the state is directed to take all consequential steps, inter alia, for taking him to custody forthwith,” a Bench comprising Justices PC Ghose and Amitava Roy said. 

The Bench, which clarified that it was not expressing any opinion on the merits of the case pending against the RJD leader, asked the Bihar government and the concerned court to take “all steps as contemplated in law to dispose of the case, as early as possible”. 

Referring to various judgements on bail, it said, “Judged on entire conspectus of the attendant facts and circumstances, and considering the stage of the present case before the trial court where charge-sheet has already been submitted, together with pending proceedings against the respondent-accused as on date, and his recorded antecedents in the various decisions of this court, we are thus unable to sustain the impugned order of the High Court granting bail to him.” 

In its 10-page order, the apex court dealt with various aspects of the submissions and said, “Although it has to be accepted that the respondent-accused has already been granted bail by the concerned courts in other cases, a duty is cast upon the court in addressing such a prayer in a case on its own merit, and while applying its discretion, it must be applied in a judicious manner and not as a matter of course.” 

Shahabuddin was granted bail by the Patna High Court on September 7 in the Rajiv Roshan murder case and was released from Bhagalpur jail on September 10. He has already remained in jail for 11 years in connection with several cases. 

Roshan, the eye witness to the gruesome killings of two of his younger siblings, was also killed few days before his proposed testimony in the murder case of his brothers

Cognizant Technology Solutions Corporation appoints Rajeev Mehta as president of the company replacing Gordon Coburn Friday Sep 30,2016

 
Cognizant Technology Solutions Corporation has appointed Rajeev Mehta as president of the company replacing Gordon Coburn who resigned. 

Rajeev Mehta is a proven leader with strong client relationships forged over 20 years with the company. For the past decade he has been responsible for leading the company’s market-facing teams in delivering industry-leading growth, said Francisco D'Souza, Chief Executive Officer, Cognizant, in a press release. 

As Chief Executive Officer, IT Services, at Cognizant, Rajeev Mehta was responsible for market-facing activities and for delivery across Cognizant's IT Services business. His prior roles at Cognizant include Group Chief Executive, Industries and Markets, where he was responsible for leading company’s industry vertical and geographic market operations on a global basis, the release said.

Israel's Former President and PM Shimon Peres Funeral Today Friday Sep 30,2016






In a career spanning seven decades, Shimon Peres held nearly every major office, serving twice as prime minister and as president from 2007 to 2014.


He won the 1994 Nobel Peace Prize jointly with prime minister Yitzhak Rabin and Palestinian leader Yasser Arafat for his role in negotiating the Oslo accords, which envisioned an independent Palestinian state.

Shimon Peres will be buried next to his so-called 'partner in peace' Prime Minister Yitzhak Rabin, who was assassinated by a Jewish nationalist in 1995.

The funeral was Jerusalem's biggest security operation for at least two decades with 8,000 police and soldiers lining the streets as the country's former prime minister was laid to rest.

On the streets of Jerusalem, as pedestrians were held up at cordons as VIPs left, members of the public were discussing Peres' legacy.

The funeral took place on Mount Herzl, where Peres is buried alongside other Israeli leaders - but far from the more private grave of his wife Sonia, who died in 2011. 

Mourners came from all of Israel's communities: rabbis in black coats, leaders of Jewish immigrants from Ethiopia holding ceremonial colourful umbrellas, Imams dressed in white, and representatives from churches.

The singer David D'or reduced many of the people gathered, Israelis and foreign visitors alike, to tears when he sang one of Peres' favourites - 'Our Father, Our King,' in Hebrew.


Knesset guards carry the flag-draped coffin during the funeral of former Israeli President Shimon Peres at the Mount Herzel national cemetery in Jerusalem


Guards place the coffin of former Israeli President Shimon Peres on a podium for his funeral



Israel's President Reuven Rivlin pays his respects at the flag-draped coffin of Shimon Peres


Israeli Prime Minister Benjamin Netanyahu bows his head and observes a moment of silence after laying a wreath near the grave of Shimon Peres


US President Barack Obama eulogises former Israeli President Shimon Peres, comparing him to Nelson Mandela, the Queen and other great figures of the 20th century - and hoped his funeral could kickstart a peace process


Palestinian President Mahmoud Abbas (left) is also at the funeral - his first visit to Israel since 2010 - and shook Benjamin Netanyahu's hand saying it had been a 'long long time'



The former US president, pictured here touching the coffin, joined 70 world leaders and royals including Barack Obama, Tony Blair, Prince Charles and King Felipe of Spain at the ceremony on Mount Herzl in Jerusalem

LIST OF WORLD LEADERS ATTENDING TODAY'S FUNERAL

US President Barack Obama
US Secretary of State John Kerry
Former US president Bill Clinton
Former British Prime Minister Tony Blair
Former British Prime Minister Gordon Brown
Prince Charles of Great Britain 
British Foreign Secretary Boris Johnson
Palestinian President Mahmud Abbas 
French President Francois Hollande
German President Joachim Gauck
Canadian Prime Minister Justin Trudeau
King Felipe VI of Spain
Netherlands Prime Minister Mark Rutte
European Union foreign affairs head Federica Mogherini
European Council President Donald Tusk
UN Special Coordinator for the Middle East peace process Nikolai Mladenov
Egyptian Foreign Minister Sameh Shoukry

The grandchildren of Shimon Peres lay a wreath on the grave of their grandfather during the burial ceremony


SHIMON PERES: HOW FATHER OF THE NEW ISRAEL HAD AN UNPRECEDENTED SEVEN DECADES IN POLITICS

In an unprecedented seven-decade political career, Shimon Peres has filled nearly every position in Israeli public life.
—Shimon Perski is born on Aug. 2, 1923 in Vishneva, then part of Poland. He moves to pre-state Palestine in 1934 with his immediate family and later enters politics where he becomes a protegĂ© of Israel's founding father David Ben-Gurion.
—In 1952, at age 29, he becomes the youngest person ever to serve as director-general of Israel's Defense Ministry. There he is credited with arming Israel's military almost from scratch and creating what is widely believed to be a nuclear arsenal.

—In 1959, Peres is first elected to the Knesset, Israel's parliament, serving almost uninterrupted until 2007. He is appointed deputy defense minister.
—In 1969, he is appointed minister of immigrant absorption, the first in a long line of Cabinet position to follow
—In 1977, he suffers defeat while running for prime minister, losing to Menachem Begin, whose Likud party rises to power for the first time.
—In 1984, he finally becomes prime minister after tying with Likud's Yitzhak Shamir and agreeing to share the job in a rotation. As prime minister, he disentangles Israeli troops from Lebanon and rescues the economy from triple-digit inflation.
— In 1992, he becomes foreign minister in the Labor party-led government, serving under his longtime rival Yitzhak Rabin. Together they work to forge the first peace accord with the Palestinians and a peace accord with Jordan. In 1994, they share the Nobel Peace Prize with Palestinian leader Yasser Arafat.
—In 1995, after Rabin is assassinated by a Jewish ultranationalist opposed to Israel's peace moves, Peres became acting prime minister. Just six months later he is defeated by Benjamin Netanyahu in elections.
—In 2007, he is elected president, a largely ceremonial role but one that earns him the kind of national admiration that eluded him throughout his lengthy career.
—In 2014, Peres completes his presidential term, remaining active at his peace center until suffering a debilitating stroke on Sept. 13.   

2016-17 Barclays Premier League Friday Sep 30,2016

Everton Vs Crystal Palace
The Match ended in a 1-1 draw

Everton moved up to third place in the Premier League despite being held to a 1-1 draw by Crystal Palace as Belgium strikers Christian Benteke and Romelu Lukaku both got on the scoresheet in a battling encounter on Friday.
Benteke headed the equaliser for Palace five minutes into the second half after Lukaku opened the scoring in the 36th minute

2016-17 Barclays Premier League Sunday Oct 02,2016

Manchester United Vs Stoke City
The Match ended in a 1-1 draw

Stoke snatched a point at Manchester United as Joe Allen capitalised on a spill from David de Gea to punish the hosts' lax first-half finishing.

After a string of saves from Lee Grant before the break, United made the breakthrough when substitute Anthony Martial swept home a curling shot

  • Manchester United have won 13 points from their opening seven games this season; three fewer than their total at this stage of 2015-16 under Louis van Gaal.
  • Mark Hughes has failed to win his last 10 Premier League matches against Manchester United at Old Trafford as a visiting manager, drawing one and losing nine.
  • Stoke have failed to win any of their opening seven games to a top-flight season for the first time since 1973-74.
  • Anthony Martial scored his first substitute goal in the Premier League since his debut against Liverpool.
  • Martial ended a run of 10 games in all competitions without a goal for his club.
  • Joe Allen scored in consecutive Premier League games for the first time since October 2011.
  • All five of Stoke's Premier League goals this season have come in the second half. Indeed, they are the only Premier League side yet to score a first half goal this term.



Leicester Vs Southampton
The Match ended in a goalless draw

Tottenham Hotspur Vs Manchester City
Tottenham Hotspur beats Manchester City 2-0

Tottenham deservedly ended Pep Guardiola's perfect Premier League start and underlined their own title credentials with a thrilling victory over Manchester City at White Hart Lane.

Guardiola had won his previous six games and 10 of his previous 11 matches in charge, but City were outplayed by a vibrant Spurs who moved second in the table and are now the league's only unbeaten team.

Spurs dominated from the start and were in front early on when Aleksandar Kolarov sliced Danny Rose's cross into his own net after nine minutes.

Dele Alli confirmed their superiority eight minutes before half-time with a cool finish from Son Heung-min's pass.
  • Pep Guardiola lost his first league game as a manager since a 2-1 home defeat to Mainz in March while he was in charge of Bayern Munich.
  • Son Heung-min has been involved in eight goals in his last seven Premier League games (six goals, two assists).
  • Manchester City had not trailed in the Premier League this season before Aleksandar Kolarov's own goal.
  • Spurs have missed three consecutive penalties against Manchester City, Roberto Soldado and Jermain Defoe the others to miss before Erik Lamela on Sunday.
  • City have never won a Premier League game when they have been two or more goals down at half-time (D1 L48).
  • Spurs have made their best ever start to a league season, collecting 17 points from their opening seven matches.




Burnley Vs Arsenal
Arsenal beats Burnley 1-0

2016-17 Barclays Premier League Saturday Oct 01,2016

Swansea Vs Liverpool
Liverpool beats Swansea 2-1

Hull City Vs Chelsea
Chelsea beats Hull City 2-0

Chelsea stopped the rot after successive Premier League defeats as they ground down Hull at the KCOM Stadium.

The hosts enjoyed the better of a cagey first half but went behind when Willian swept home a curling shot in the 61st minute after good work from Diego Costa after the break.

DiegoCosta found the top corner with a similar strike to double the lead after Nemanja Matic's powerful run in the 67th minute

  • Chelsea kept their first clean sheet in eight away Premier League games, since a 4-0 win at Aston Villa in April.
  • Since Diego Costa joined Chelsea, only Sergio Aguero (55) and Harry Kane (48) have scored more Premier League goals than the Spain international (38).
  • In all competitions, Chelsea are unbeaten in their last 13 meetings with Hull, winning 11 and drawing two.
  • Since Adama Diomande's strike against Leicester on the opening day, Hull have failed to score a first-half goal in each of their last six Premier League matches.
  • N'Golo Kante made more passes (79), more successful passes (70) and had more touches (95) against Hull than he had in any of his previous 43 Premier League matches.


Sunderland Vs WBA
The Match ended in a 1-1 draw

Watford Vs Bournemouth
The Match ended in a 2-2 draw

West Ham United Vs Middlesbrough
 The Match ended in a 1-1 draw

Israel's Former President and PM Shimon Peres, an Enduring Pillar From Israel’s Founding Era, Dies at 93 Wednesday Sep 28,2016

Shimon Peres, one of the last surviving pillars of Israel’s founding generation, who did more than anyone to build up his country’s formidable military might, then worked as hard to establish a lasting peace with Israel’s Arab neighbors, died on Wednesday Sep 28,2016 in a Tel Aviv area hospital. He was 93.

His death was announced by his son Nehemya Peres, who is known as Chemi, and his personal physician and son-in-law Dr. Rafi Walden, outside the Sheba Medical Center, where he had been hospitalized for the last two weeks.

Shimon Peres died just over two weeks after suffering a stroke. Doctors kept him largely unconscious and on a breathing tube since then in the hope that it would give his brain a chance to heal. But he deteriorated as the nation he once led watched his last battle play out publicly and as leaders from around the world sent wishes for his recovery.

As prime minister (twice); as minister of defense, foreign affairs, finance and transportation; and, until 2014, as president, Mr. Peres never left the public stage during Israel’s seven decades.


Shimon Peres led the creation of Israel’s defense industry, negotiated key arms deals with France and Germany and was the prime mover behind the development of Israel’s nuclear weapons. But he was consistent in his search for an accommodation with the Arab world, a search that in recent years left him orphaned as Israeli society lost interest, especially after the upheavals of the 2011 Arab Spring led to tumult on its borders.

Historic Handshake

 

In his efforts to help Israel find acceptance in a hostile region, Shimon. Peres’s biggest breakthrough came in 1993, when he worked out a plan with the Palestine Liberation Organization for self-government in Gaza and in part of the West Bank, both of which were occupied by Israel.
After months of secret negotiation with representatives of the P.L.O., conducted with the help of Norwegian diplomats and intellectuals, Mr. Peres persuaded his old political rival Yitzhak Rabin, then the prime minister, to accept the plan. It became known as the Oslo Accords.
Mr. Peres, who was serving as foreign minister,signed the accords on Sep 13,1993  in a ceremony on the South Lawn of the White House as Mr. Rabin and their old enemy Yasir Arafat, the chairman of the P.L.O., looked on and, with some prodding by President Bill Clinton, shook hands.
It was a gesture both unprecedented and historic. Up to that time, Israel had refused to negotiate directly with the P.L.O. Mr. Peres broke the taboo, and the impasse.

Nobel Prize

Shimaon Peres,Yitzhak Rabin and Yasir Arafat were awarded the Nobel Peace Prize in 1994.

SHIMON PERES: HOW FATHER OF THE NEW ISRAEL HAD AN UNPRECEDENTED SEVEN DECADES IN POLITICS

In an unprecedented seven-decade political career, Shimon Peres has filled nearly every position in Israeli public life.
—Shimon Perski is born on Aug. 2, 1923 in Vishneva, then part of Poland. He moves to pre-state Palestine in 1934 with his immediate family and later enters politics where he becomes a protegĂ© of Israel's founding father David Ben-Gurion.
—In 1952, at age 29, he becomes the youngest person ever to serve as director-general of Israel's Defense Ministry. There he is credited with arming Israel's military almost from scratch and creating what is widely believed to be a nuclear arsenal.

—In 1959, Peres is first elected to the Knesset, Israel's parliament, serving almost uninterrupted until 2007. He is appointed deputy defense minister.
—In 1969, he is appointed minister of immigrant absorption, the first in a long line of Cabinet position to follow
—In 1977, he suffers defeat while running for prime minister, losing to Menachem Begin, whose Likud party rises to power for the first time.
—In 1984, he finally becomes prime minister after tying with Likud's Yitzhak Shamir and agreeing to share the job in a rotation. As prime minister, he disentangles Israeli troops from Lebanon and rescues the economy from triple-digit inflation.
— In 1992, he becomes foreign minister in the Labor party-led government, serving under his longtime rival Yitzhak Rabin. Together they work to forge the first peace accord with the Palestinians and a peace accord with Jordan. In 1994, they share the Nobel Peace Prize with Palestinian leader Yasser Arafat.
—In 1995, after Rabin is assassinated by a Jewish ultranationalist opposed to Israel's peace moves, Peres became acting prime minister. Just six months later he is defeated by Benjamin Netanyahu in elections.
—In 2007, he is elected president, a largely ceremonial role but one that earns him the kind of national admiration that eluded him throughout his lengthy career.
—In 2014, Peres completes his presidential term, remaining active at his peace center until suffering a debilitating stroke on Sept. 13.