CISF man shoots dead three of his colleagues; arrested

Head Constable Vijay Prathap Singh allegedly opened fire from a 9mm carbine, killing Assistant Sub-Inspector Ganesan and head constables Subburaj and Mohansingh at the CISF barracks in Kalpakkam township, about 10 km away from the nuclear complex, according to police and plant officials.
  
"Three CISF personnel have been killed. The incident happened around 5.30 am. We are enquiring how the incident happened," C Vijaya Kumar, Kancheepuram Superintendent of Police said.

Assistant Sub-Inspector Prathap Singh and head constable Govardhan Singh sustained major injuries and are being being treated at a hospital, police said.
  
Vijay Prathap Singh has been arrested and is being questioned, police said.

Asked whether operations at the nuclear complex was affected due to the incident, Madras Atomic Power Station Director T J Koteeswaran said, "The incident happened some 10 km away in the township and so operations were not affected. I am awaiting more information on the incident".

Source:  Latest News from State News

Sharad Yadav attends SP's convention, fuels speculation

Sharad Yadav said that he and Mulayam had always been 'good friends' and he had come to attend the convention on the SP supremo's invitation.
  
"We have been together since early days. The Constitution has been dealt a severe blow in the present conditions. We have to save it," the JD(U) leader told reporters  at the start of the three-day convention.
  
Though Sharad Yadav refused to comment on a possible alliance with the SP, he had recently made it clear that he will make efforts to 'bring together all those who were part of old Janata Parivar to fight the new political challenge'.

JD(U) and its arch rival RJD, both offshoots of Janata Dal Parivar, have already joined hands to form an alliance in Bihar. In Kerala, Socialist Janata (Democratic) Party headed former Union Minister M P Veerendra Kumar too decided to merge with Janata Dal (United) last month.
  
Also efforts are on to bring on board splinter groups which are politically significant in other states.
  
The unity drive in the erstwhile Janata Parivar has come after the Narendra Modi juggernaut crushed Janata Dal (United) in Lok Sabha elections in Bihar with BJP-led combine winning 31 of 40 seats in the state.
  
There are indications of the rise of BJP in Kerala, Assam and West Bengal, the states where the saffron party did not perform well in past.

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Hike in FDI cap in insurance will help sector's growth

"Private as well as government insurers will benefit from the proposed hike of FDI in insurance to 49 percent these companies will offer better and wide range of insurance products to customers at larger competitive prices," Milind Kharat, Chairman and Managing Director, United India Insurance
Company said here.

"Ultimately our aim is that customers should get the benefits and this hike will provide them better options in choosing from a wide range of insurance products at competitive prices," he said.

He added, "People in the country have more faith on government insurance companies and less on private ones this hike will benefit the state-run companies more than the private ones."

Kharat was here to attend a two-day annual meeting with officers of the company that began here on Tuesday.

At present, the Insurance Bill is under the consideration of Select Committee of Parliament.

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Honda says China sales fall for third straight month in September

Honda said it sold 56,880 autos in China in September, down 23.1 percent from a year earlier, with dealers clearing inventory ahead of the launch of two new models - the Vezel and the Spirior - in November and the XR-V afterwards.

September's drop was steeper than August's 2.5 percent year-on-year fall and July's 1.7 percent decline.

In the first nine months of this year through the end of September, Honda sold a total of 502,352 vehicles, up 1.0 percent from a year earlier.

Honda, which operates car ventures in China with Dongfeng Motor Group Co Ltd and Guangzhou Automobile Group Co Ltd , aims to sell 900,000 cars in the country this year, up 18.9 percent from a year earlier.

Honda spokesman Zhu Linjie said the company was still on track in meeting its annual sales target.

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Sensex reverses initial losses, up 38 points in morning trade

Hectic profit-booking was witnessed in IT, Teck and Healthcare counters.
  
The market sentiments were overlapped by weak Asian cues along with sustained FII outflows.

The Sensex resumed lower at 26,229.67 and traded between 26,334.35 and 26,187.81 before quoting at 26,309.68 at 1005 hours, showing a gain of 37.71 points, or 0.14 percent, from its last close.

While, the NSE 50-share Nifty traded almost flat, a tinge down by 0.85 points to 7,851.55 at 1005 hours.
  
Major gainers were L&T (1.79 percent), BHEL (1.57 percent), ONGC (1.18 percent), SBIN (1.15 percent), ITC (1.09 percent) and Tata Motors (1.01 percent).

The provisional data released by the stock exchanges showed that Foreign Portfolio Investors (FPIs) sold shares worth a net Rs 332.84 crore on Tuesday.

Asian stocks were trading weak after the International Monetary Fund (IMF) cut its outlook for global growth in 2015.

Key benchmark indices in Singapore, Taiwan, Hong Kong, Japan, Indonesia and South Korea fell by 0.04 percent to 1.47 percent, while China's Shanghai Composite index rose 0.3 percent.

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Sensex falls 84 points on capital outflows, global cues

The 30-share barometer, which had lost 358.54 points in the previous two sessions, fell by 84.16 points, or 0.32 percent, to trade at fresh two-month low of 26,187.81.

Similarly, the National Stock Exchange index Nifty moved down by 25.70 points, or 0.32 percent, to 7,826.70.

Brokers said sentiments have been affected on persistent capital outflows by foreign funds and a weak trend at other Asian markets following a US and European sell-off that came in response to weaker German data and the IMF's decision to cut its growth forecast for the global economy.

Among other Asian markets, Japan's Nikkei was down 1.47 percent, while Hong Kong's Hang Seng shed 0.81 per cent in morning trade.

US Dow Jones Industrial Average ended 1.60 percent down in Tuesday's trade.

Source: Latest News from Business News

Rupee down 5 paise against dollar in morning trade

Forex dealers attributed the rupee's fall to increased demand for the US currency from importers and a lower opening in the domestic equity market.

Besides, the dollar's strength against other units overseas put pressure on the rupee, they said.

The rupee Tuesday appreciated by 18 paise to close at 61.43 against the Greenback on sustained selling of US currency by banks and exporters.

Meanwhile, the benchmark BSE Sensex fell by 84.16 points, or 0.32 percent, to 26,187.81 in morning trade on Tuesday.

Source:  Latest News from Business News