Tag: Indian

  • Gold rates surpass all-time high records in Hyderabad, other Indian cities

    Gold rates surpass all-time high records in Hyderabad, other Indian cities

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    Hyderabad: Gold rates in Hyderabad and other Indian cities today broke all-time high records once again due to various reasons including economic uncertainties.

    In Hyderabad, the rates of 10 grams of 24-carat and 22-carat yellow metal reached Rs 61360 and Rs 56250 respectively. Similarly, the rates of yellow metals in the international market hit a 13-month high, while silver rates reached a 12-month high.

    The rates in other cities are as follows:

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    Cities22K (in rupees)24K (in rupees)
    Hyderabad5625061360
    New Delhi5640061510
    Mumbai5625061360
    Chennai5690062070
    Kolkata5625061360

    Reasons for rise in gold rates in Hyderabad, other cities

    According to market experts, the gold rates in Hyderabad and other Indian cities have climbed due to various reasons, including weakness in the US dollar rate, poor US data, peaking out US interest rates, economic uncertainties, and a rise in oil prices.

    Interestingly, gold has outperformed the stock markets in 2023 so far, with its overall return surpassing that of the Sensex and Nifty 50. While the 24-carat gold rate has increased from Rs 55,200 to Rs 60,000 from January 1, 2023, to March 31, 2023, the Sensex and Nifty 50 have dipped from Rs 60,840.74 to Rs 58,991.52 and from Rs 18,105.30 to Rs 17,359.75, respectively, during the same period.

    This means that gold has given an overall return of more than 8 percent, while the profits of the Sensex and Nifty 50 have turned negative in the current year so far.

    Gold likely to touch Rs 68 thousand

    Many experts predict that the demand for the safe haven has increased due to the banking-industry turmoil and concerns that the US economy may tip into a recession. As a result, the gold rates are likely to touch Rs 68,000 in Hyderabad and other cities in the current financial year, giving a return on investment (ROI) of 10-15 percent in FY24.

    With the current uncertainty in the stock markets, investors are looking for a reliable and safe investment, and gold seems to be the right choice.

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    ( With inputs from www.siasat.com )

  • OIC expresses ‘deep concern’ on Ram Navami violence; Indian govt hits back

    OIC expresses ‘deep concern’ on Ram Navami violence; Indian govt hits back

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    The General Secretariat of the Organization of Islamic Cooperation (OIC) has followed with ‘deep concern’ the acts of violence and vandalism targeting the Muslim community in several states in India during the Ram Navami processions, including the burning of a madrasa and its library by an extremist Hindu mob in Bihar Sharif on 31 March 2023, a press release said.

    The OIC General Secretariat denounced such provocative acts of violence and vandalism, which are a vivid manifestation of ‘mounting Islamophobia’ and ‘systemic targeting’ of the Muslim community in India, OIC said.

    The OIC General Secretariat called upon the Indian authorities to take firm action against the instigators and perpetrators of such acts and to ensure the safety, security, rights, and dignity of the Muslim community in the country.

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    Indian government hits back

    India on Tuesday slammed the Organisation of Islamic Cooperation (OIC) for its ‘communal mindset’ and ‘anti-India’ agenda.

    India’s strong reaction came after the OIC secretariat issued a statement alleging the targeting of the Muslim community in several states in India during Ram Navami processions.

    External Affairs Ministry spokesperson Arindam Bagchi condemned the statement issued by the OIC.

    “We strongly condemn the statement issued by OIC Secretariat today regarding India. This is one more example of their communal mindset and anti-India agenda,” Bagchi said.

    “The OIC only does its reputation damage by being consistently manipulated by anti-India forces,” the statement said.

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    #OIC #expresses #deep #concern #Ram #Navami #violence #Indian #govt #hits

    ( With inputs from www.siasat.com )

  • Moulvi Syed Allavuddin: Hyderabad’s unsung hero of Indian freedom struggle

    Moulvi Syed Allavuddin: Hyderabad’s unsung hero of Indian freedom struggle

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    Moulvi Syed Allavuddin who was a spiritual leader used to exhort the people of Nizam State, one of the strongest princely states of South India, to rebel against the British hegemony. He stood at the forefront of the direct fight against the British Government.

    Moulvi Syed Allavuddin was a native of Hyderabad, the capital of the erstwhile Nizam princely state. He intensified his rebellious activities soon after the First war of Independence of India was started in 1857. 

    A  rebellion started in Aurangabad which was part of Nizam State. The rebels who took part in the revolutionary activities in Aurangabad, escaped arrest and came to Hyderabad. They were arrested by the Nizam state police and kept in jail. The people and prominent citizens of Nizam state were angry when  Nizam rejected their plea to release the arrested rebels. They met in Mecca Masjid on July 17, 1857, and decided to attack the British Residency in Hyderabad.

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    That afternoon at 4 pm about five hundred people led by Moulvi Allavuddin and another revolutionary leader Patan Turrebaz Khan marched ahead from Sultan Bazar with war cries to attack the British Residency, a symbol of British Supremacy. Nizam Nawab, being a friend of the British, informed the English officers of the imminent attack. The armies of the English and the Nizam moved strategically and confronted the attackers with additional forces.

    Firing continued between the two sides throughout the night. The rebels retreated as the enemy forces gained an upper hand. The angry armies of the British and the Nizam cracked down on the people of Hyderabad. An award of four thousand rupees was announced on the head of  Moulvi  Syed Allavuddin.

    Moulvi went underground. After taking shelter for one and half years from his close friend named Peer Mohammed, he started consultations with freedom fighters and revolutionaries like Syed Bhikkoo, Syed Lal, and Mohammed Ali to put an end to the hegemony of the British on his land and people. At last British forces arrested and sent Moulvi Allavuddin to the cellular jail in Andaman on June 28, 1859. 

    After leading a miserable life of  25 years as a prisoner, Moulvi Syed Allavuddin passed away in 1884.

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    ( With inputs from www.siasat.com )

  • Former Indian cricketer Salim Durani passes away at 88

    Former Indian cricketer Salim Durani passes away at 88

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    Jamnagar: Salim Durani, one of the finest all-rounders, passed away at his home here after a prolonged battle with cancer, on Sunday. He was 88, according to a family source.

    Born in Afghanistan, Durani had Pashtun origins and was known for his batting and bowling prowess that left the spectators thrilled.

    “He will always be remembered for hitting sixes when spectators demanded. Hitting sixes during that period was rare,” remembered a family friend in Mumbai.

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    Further details are awaited.

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    #Indian #cricketer #Salim #Durani #passes

    ( With inputs from www.siasat.com )

  • Foreign investors turn net buyers in Indian stocks

    Foreign investors turn net buyers in Indian stocks

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    New Delhi: Foreign portfolio investors (FPIs) have turned net buyers in Indian stock markets after having sold two months on a trot in January and February – data from the National Securities Depository (NSDL) revealed.

    FPIs have bought assets worth about Rs 7,936 crore in Indian stock markets in March 2023, according to NSDL data.

    The banking crisis in the US that emanated after the collapse of Silicon Valley Bank in early March seemed to have made renewed appetite for Indian stocks.

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    One of the most prominent lenders in the world of technology startups, Silicon Valley Bank, which was struggling, collapsed on March 10, after a run on the bank by the depositors. After the run on the bank, local regulators closed down the tech lender and put it under the control of the US Federal Deposit Insurance Corporation (FDIC). In latest, First Citizens Bank agreed to acquire all of its deposits and loans.

    In January and February, FPIs sold equities worth Rs 28,852 crore and Rs 5,294 crore, respectively. NSDL data showed. Foreign investors were apparently cautious amid risks from the then volatility in Indian stock markets.

    “The sustained selling by FPIs appears to be over since they have turned buyers in the last few days. The near-term outlook for FPI looks much more positive now. Even though Indian valuation continues to be relatively high, the recent market correction has made valuations a bit more reasonable than earlier,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Barring some exceptions, foreign portfolio investors (FPIs) had been selling equities in the Indian markets for over a year, which started in October 2021 for various reasons.

    Tightening monetary policy in advanced economies including rising demand for dollar-denominated commodities, and strength in the US dollar had triggered a consistent outflow of funds from Indian markets. Investors typically prefer stable markets in times of high market uncertainty.

    In 2022, foreign portfolio investors sold Rs 121,439 crore worth of stocks in India on a cumulative basis, the data on the NSDL website showed.

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    #Foreign #investors #turn #net #buyers #Indian #stocks

    ( With inputs from www.siasat.com )

  • US Vice President Kamala Harris visits her Indian grandfather’s house in Zambia

    US Vice President Kamala Harris visits her Indian grandfather’s house in Zambia

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    Washington: US Vice President Kamala Harris remembered her maternal grandfather P V Gopalan and visited his family house in Zambia’s capital Lusaka where he lived as an Indian Foreign Service official in the 1960s during her trip to the African country.

    Born in Chennai in 1911, Gopalan was an advisor to first President of Zambia Kenneth Kaunda and served as Joint Secretary to the Government of India in the 1960s.

    “My visit to Zambia has a special significance for me, as many of you know, and for my family. As you know, I visited Zambia, Mr President, as a young girl when my grandfather worked here,” Harris told reporters in Lusaka at a joint news conference with Zambian President Hakainde Hichilema.

    “In 1966, shortly after Zambia’s independence, he came to Lusaka to serve as a director of relief measures and refugees. That was his title. He served as an advisor to Zambia’s first president, Kenneth Kaunda. And he was an expert on refugee resettlement,” she said.

    While in Lusaka in the 1960s, Gopalan lived at 16 Independence Avenue, where 58-year-old Harris visited as a little girl.

    Though the numbering of addresses has since changed and the location was ultimately identified using plot numbers in public records and land surveys, according to a White House official.

    “I remember my time here fondly. I was a child, so it is the memory of a child. But I remember being here and just how it felt, the warmth and the excitement that was present,” Harris said.

    She said she spoke to her aunt recently who reminded her of the relationships she made while working at a hospital in Lusaka.

    “So, from my family and from all of us, we extend our greetings and hello to everyone here,” Harris added.

    Gopalan was deputed to the government of Zambia as the Director of Relief Measures and Refugees in January 1966 by the Indian government.

    To perform these duties, he relinquished his role as the head of the office of the joint secretary in the Ministry of Rehabilitation.

    He resumed charge of the Office of the Joint Secretary to the government of India in the Ministry of Rehabilitation in July 1969, on reversion from the government of Zambia.

    He helped Zambia manage an influx of refugees from Southern Rhodesia (now Zimbabwe).

    After much effort, the US embassy in Lusaka, while working with the Vice President’s office, located the spot they believe Gopalan lived. It was the land where his house was, not the structure which is no longer there, the White House official said.

    The US Embassy in Lusaka pursued research to identify the location of this home, including going through public records, engaging with Zambian and Indian authorities, and speaking with those who worked in the Zambian government at the time, said the official on condition of anonymity.

    “In addition, members of the Vice President’s family provided recollections about the home, which aided the search. After much work by the Embassy and dead-ends in the search, the Embassy identified this location only a few days ago while the Vice President was in Accra, Ghana,” the official said.

    Ultimately, the Zambian Ministry of Lands, with assistance from others, identified 16 Independence Ave as the Gopalan family home, as recorded in a public lands document dated March 9, 1967.

    The property now belongs to Madison Group, a Zambian group of companies that include Madison General Insurance and Madison Financial.

    Harris, the daughter of an Indian mother and Jamaican father, is the first Black and the first Asian-American woman vice president of the US. She made history when she was sworn in as the 49th US vice president on January 20, 2021.

    Her mother Shyamala Gopalan came to the US from Chennai to study science, specifically endocrinology and complex mechanisms of cancer.

    Her father Donald grew up in Jamaica, where he became a national scholar and studied economics. Harris was born in Oakland, California.

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    #Vice #President #Kamala #Harris #visits #Indian #grandfathers #house #Zambia

    ( With inputs from www.siasat.com )

  • Indian Currency: New Update Came! 500 note kept in pocket can be fake, RBI has given the new way to identify fake notes – Kashmir News

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    Indian Currency: New Update Came! 500 note kept in pocket can be fake, RBI has given the new way to identify fake notes – Kashmir News

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    #Indian #Currency #Update #note #pocket #fake #RBI #identify #fake #notes #Kashmir #News

    ( With inputs from : kashmirnews.in )

  • Indian Navy Agniveer (MR) 01/2023 – May 2023 Phase II Admit Card Released

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    Indian Navy Agniveer (MR) 01/2023 – May 2023 Phase II Admit Card Released

    Name of the Post : Indian Navy Agniveer (MR) 01/2023 – May 2023 Phase II Admit Card Released

    Total Post : 100

    Indian Navy has Announced Notification for the recruitment of Agniveer (MR) – 01/2023 (May 2023) Batch Course Commencing May 2023 for unmarried Male & Unmarried Female candidates.

    Important Links

    Phase II Admit Card : Click here 

     

    CRPF 9000+ Recruitment 2023 – Apply Link Available

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    [ad_2] #Indian #Navy #Agniveer #Phase #Admit #Card #Released( With inputs from : The News Caravan.com )

  • Indian Navy Agniveer (SSR) – 01/2023 (May 2023) – Phase II Admit Card Released

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    Indian Navy Agniveer (SSR) – 01/2023 (May 2023) – Phase II Admit Card Released

    Name of the Post : Indian Navy Agniveer (SSR) 01/2023 (May 2023) Phase II Admit Card Released

    Total Post : 1400

    Indian Navy has given a notification for the recruitment of Agniveer (SSR) – 01/2023 (May 2023) Batch Course Commencing May 2023 for unmarried Male & Unmarried Female candidates.

    Important Links : 

    Indian Navy Agniveer (SSR) – 01/2023 (May 2023) :  Phase II Admit Card Released 

     

    CRPF 9000+ Recruitment 2023 – Apply Link Available

    JKPSC Fresh Recruitment 2023

    Jammu Srinagar Daily Highway Traffic updates

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    [ad_2] #Indian #Navy #Agniveer #SSR #Phase #Admit #Card #Released( With inputs from : The News Caravan.com )

  • LG Sinha Among Indian Express List Of 100 Most Powerful Indians

    LG Sinha Among Indian Express List Of 100 Most Powerful Indians

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    SRINAGAR: Jammu and Kashmir Lieutenant Governor Manoj Sinha has figured in the list of the Indian Express 100 most powerful Indians in 2023.

    Sinha is at the 24th post. He is the 24th most powerful person in the nation as he is the Lieutenant Governor of Jammu and Kashmir UT.  LG Sinha has not only managed to help the UT grow but has also brought the common man closer to the system, the Indian Express reported.

    Significantly, the ranking of LG Sinha, who has secured a place in the prestigious list of “Most Powerful Indians” consecutively for the third time, has surged from 71 in 2022 to 24 this year.

    The prestigious list included the Prime Minister Narendra Modi, the Union Home Minister Amit Shah and the Minister for External Affairs S Jaishankar occupying top three slots respectively.

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    #Sinha #Among #Indian #Express #List #Powerful #Indians

    ( With inputs from : kashmirlife.net )