ALL News Headlines 2020 January 15TH

NATIONAL

SC: The Supreme Court on January15 refused to entertain a plea challenging the Madras high court order for conducting Jallikattu in various districts of Tamil Nadu, under the supervision of monitoring committees headed by a retired district judge. A bench of Chief Justice L Nageswara Rao asked the petitioner to approach the Madras high court and dismissed the petition then the petitioner withdrew the plea.

Nirbhaya case: The Delhi High Court today declined to entertain the plea of one of the four death row convicts in the Nirbhaya gang rape and murder case against the death warrant and gave him liberty to challenge it in session’s court. The Delhi government informed the high court during the hearing that the execution of convicts will not take place on January 22 as a mercy plea has been filed by one of them.

US Ambassador: Taranjit Singh Sandhu will take charge as the new Indian Ambassador to the United States, a senior Indian official told ANI. He will succeed Ambassador Harsh Vardhan Shringla, the new Foreign Secretary-designate, who recently left for New Delhi to take charge later this month.

Jammu &Kashmir: The Jammu and Kashmir administration on January 14 allowed mobile Internet in parts of the Jammu region and broadband in hotels, travel establishments and hospitals but only on white-listed websites, the official said. In a three-page order, the home department said additional 400 internet kiosks will be established in the Kashmir division. Internet service providers will offer the broadband facilities to all institutions dealing with essential services, hospitals, banks as also government offices.

ECONOMY

PMC Bank: The Bombay High Court set up a three-member committee today for valuation and sale of encumbered assets of Housing Development and Infrastructure Ltd (HDIL) to recover dues payable by the firm to crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank. A division bench of Justices R V More and S P Tavade said the committee would be headed by retired high court judge S Radhakrishnan.

Bharti Airtel:  Bharti Airtel has announced the allotment of 32.35 crore equity shares to eligible institutional buyers at an issue price of Rs 445 per share as part of $2 billion qualified institutional placement that closed on January 14. The issue price was at a discount of 1.57 per cent to the stated floor price of Rs 452.09 per equity share. The company had started mega fundraising exercise, the proceeds of which will be used to pay the adjusted gross revenue (AGR) liability and invest in the network.

Amazon: Amazon.com Inc chief Jeff Bezos today announced USD 1 billion investments in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India-made goods by 2025. Before this, the online retail giant had committed USD 5.5 billion investments in India as it is Amazon’s most important market outside of the US and a key growth driver.

MARKET TODAY:

SENSEX- 41872.73 (-79.90)
NIFTY-    12343.30 (-19.00)
GOLD (MCX 10 GM)- 39570.00 (123.00)
SILVER (MCX 1 KG)-  46307.00 (404.00)
USD ($) / INR – 70.75 (0.05)

INTERNATIONAL

China: China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source. Under the Phase 1 trade deal to be signed on Wednesday in Washington, China would also buy over $50 billion more in energy supplies and boost purchases of U.S. services by about $35 billion over the same period.

Russia: Russia’s government resigned in a shock announcement on January 15 after President Vladimir Putin proposed a series of constitutional reforms. In a televised meeting with the Russian president, Prime Minister Dmitry Medvedev said the proposals would make significant changes to the country’s balance of power and so “the government in its current form has resigned”. Putin asked Medvedev,  to continue as head of the government until a new government has been appointed.