Around the Globe

Around the Globe

Jallikattu supporters taken into custody

Several supporters of Jallikattu were today taken into preventive custody near here for allegedly trying to defy a ban on the traditional bull taming sport associated with Pongal festivities.

Anticipating trouble, police in large number was deployed in sensitive areas where the sport is generally held like Avaniapuram, Palamedu and Alanganallur, locations famous for Jallikattu in Madurai district.

The step came following indications by various organisations to organise the sport on Pongal today.

Kejriwal's programmes are flop show in Punjab: BJP

BJP today claimed that Aam Aadmi Party (AAP) convener Arvind Kejriwal's programmes in Punjab have turned into a flop show as his party has lost people's faith.

BJP state spokesperson Rajat Kumar Mohendru said Arvind Kejriwal's programme in Jalandhar was a flop show. People have lost faith in AAP that is why only 100-150 people were attending the party's preogramme.

Army to set up feedback boxes for jawans

Army chief general Bipin Rawat wants soldiers to avoid social media to vent their frustrations. He has advised them to approach him directly or drop their complaints in grievances boxes instead of drawing attention of the people on internet.

Nothing in law to bar preponed budget: SC

The Supreme Court on Friday said there was nothing in the law that could bar the Centre from advancing the date for the presentation of the annual budget for the year 2017-18 from February 28 to February 1.

Exports up for 4th month in a row, grow 5.72% in Dec

The growth trend that started in exports in September seems to be picking up pace, bolstering hope for revival of investment in the manufacturing sector, which has been in the doldrums for much of the current fiscal so far.

SpiceJet strikes Rs 1.5 L cr deal with Boeing for 205 planes

In one of the biggest deals in the Indian aviation sector, SpiceJet will purchase up to 205 new aircraft from Boeing with the order valued at Rs 1,50,000 crore.

With the earlier order for 55 planes and additional 100 new 737-8 MAX aircraft, the no-frills carrier now has firmed up order for a total of 155 planes, besides purchase rights for 50 B737-8 MAX and wide body aircraft.

Announcing the deal here today, SpiceJet Chairman and Managing Director Ajay Singh said the total order of 205 aircraft is valued at Rs 1,50,000 crore (USD 22 billion).

Post demonetisation, demand likely to be normal by Q2 2017:CII

Terming demonetisation as a right long term decision despite short term "disruptions", CII President Naushad Forbes has said consumer demand is expected to return to full normalcy in April-June quarter after seeing a 20 per cent fall in the 50-day period after the note ban.

Forbes said that government must remove cash withdrawal restrictions at the earliest to give a "psychological boost" to consumers. That, he said, is the single action required from government to spur consumption.

TCS shares down 4% on H1-B visa concerns

Shares of TCS fell by almost 4 per cent today after the company flagged issues surrounding the H1-B visas in the US as a key headwind going forward.

The stock which opened the day on a positive note came under selling pressure as the trading session progressed and fell by 3.91 per cent to Rs 2,251.60 on BSE.

On NSE, shares of the company dropped 3.98 per cent to Rs 2,251. The stock was the worst hit among the bluechips on both the key indices -- Sensex and Nifty -- during the morning trade.

Tourism can surpass IT sector if it's more organised: expert

Tourism industry has the potential to surpass even IT services industry in India if effective steps, like making the sector more organised and adopting cashless transactions, are taken, a marketing expert said here today.

"Right now, IT services (industry) is about USD 150 billion, mostly export-oriented and tourism is USD 120 billion, growing at 7.50 per cent," Jagdish N Sheth, Professor of Marketing at Emory University, USA, told PTI.

DeMo to bring opportunity for investors in 2017

Jaipur Asset Management is an Australian-based specialist asset management firm facilitating investments in India. Neelesh Mehta, its co-founder and MD, brings a range of experience in capital markets and financial services in Southeast Asia, India and Australia with specialisations in mergers and acquisitions, investments, capital raisings, corporate restructuring, finance, governance and treasury management. Mehta feels post-demonetisation, it will take some time for the Indian economy to resume the growth trajectory of 2016.