Tag: shares

  • RJD MLA writes angry letter to Nitish, shares it on social media

    RJD MLA writes angry letter to Nitish, shares it on social media

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    Patna: RJD MLA Sudhaker Singh, whose insolence had cost him his cabinet berth, on Saturday shot off an angry letter to Chief Minister Nitish Kumar alleging that the veteran leader had “lost trust of the people”.

    The legislator, on whom the party had recently slapped a show cause notice but stopped short of disciplinary action, shared his letter, running into three pages, on social media.

    The first-term MLA appeared to have taken to heart the CM’s assertion the day before that his outbursts over farmers’ woes in Bihar betrayed ignorance of the government’s achievements in agriculture, a portfolio he had held for barely a couple of months.

    Singh, whose father Jagadanand Singh is the RJD’s state president and a confidant of party supremo Lalu Prasad, signed off, tauntingly, as an “MLA with zero knowledge”.

    In his lengthy note, Singh sought to rubbish the longest-serving CM’s claims of agricultural growth, adding: “you seem to have developed a fondness for living in delusions. It may not affect your health but it is bad for the people”.

    Singh, who was asked to resign as minister by Deputy CM Tejashwi Yadav, son and heir apparent of Lalu Prasad, after he repeatedly attacked the government, twisted the knife in the penultimate para of his letter.

    “I agree with just one averment of yours that the people are supreme (Janata maalik hai)”, said Singh, referring to a stock-in-trade phrase used by the veteran JD(U) leader.

    “Do choose any constituency that suits you in the next elections. The people will show you that they, indeed, are supreme and you have lost their trust,” added the MLA.

    JD(U) chief spokesperson and MLC Neeraj Kumar came out with an angry video message as a riposte, which he shared on Twitter tagging the RJD MLA, his party, his father besides the Deputy CM.

    Referring to a case pending against a rice mill owned by Sudhaker Singh, which the BJP had flagged to oppose the RJD MLA’s induction into the state cabinet, Neeraj Kumar said, “You have been an accused in a case of 420 (cheating). The way you reeled out statistics to buttress your misleading points shows that you have become a 420 in your mind as well”.

    Meanwhile, state BJP spokesman Nikhil Anand said, “In 2021, when we were alliance partners of JD(U), our MLC Tunnaji Pandey was suspended for speaking against Nitish ji. But today, the RJD is allowing Sudhaker Singh to have his way, busy as it is ensuring that Tejashwi Yadav occupies the top post as soon as possible. The CM is looking helpless”.

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    #RJD #MLA #writes #angry #letter #Nitish #shares #social #media

    ( With inputs from www.siasat.com )

  • Adani Enterprises FPO fully subscribed, 4.62 crore shares sought

    Adani Enterprises FPO fully subscribed, 4.62 crore shares sought

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    New Delhi: The Rs 20,000 crore share sale of Adani group’s flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data.

    As many as 4.62 crore shares were sought as against an offer of 4.55 crore.

    Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for qualified institutional buyers (QIBs) was almost fully subscribed, according to BSE data.

    There was, however, muted response from retail investors and company employees.

    Retail investors, for whom roughly half of the issue was reserved, bid for just 11% of the 2.29 crore shares earmarked for them. Employees sought 52% of the 1.6 lakh shares reserved for them.

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    #Adani #EnterprisesFPOfully #subscribed #crore #shares #sought

    ( With inputs from www.siasat.com )

  • Sensex, Nifty close higher in volatile trade as IT, oil shares recover

    Sensex, Nifty close higher in volatile trade as IT, oil shares recover

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    Mumbai: Benchmark BSE Sensex and Nifty closed higher in a highly volatile trade on Monday, riding on the back of a recovery in IT, oil and financial stocks after a two-day fall even as investors remained cautious ahead of the Union budget and policy announcement by the US Federal Reserve.

    The 30-share Sensex recovered 169.51 points or 0.29 percent to settle at 59,500.41 as 17 of its constituents ended in the green. During the day, it rose by 313.34 points or 0.52 percent to 59,644.24.

    The broader NSE Nifty gained 44.60 points or 0.25 percent to end at 17,648.95 as 29 of its stocks advanced. The index moved in a range of 17,709.15 to 17,405.55 during the day.

    Shares of Adani group firms closed on a mixed note with flagship Adani Enterprises climbing 4.21 percent.

    However, Adani Transmission dropped 14.91 percent, Adani Green by 20 percent, Adani Total Gas by 20 percent, Adani Power by 5 percent, and Adani Wilmar by 5 percent, a day after the group released a 413-page response to allegations of wrongdoing brought by a US-based short seller Hindenburg Research.

    “The response by Adani had a mixed effect on the stock group and market. The saga is likely to continue as a hanging risk in the minds of the investors in the medium-term. Now the focus of the market will be on Budget and Fed policy,” said Vinod Nair, Head of Research at Geojit Financial Services.

    “Volatility continued to be the order of the day, as benchmark Sensex gyrated nearly 1000 points intra-day before staging a smart comeback in late trades on selective buying. Two big events, the interest rate decision by the US Federal Reserve and the Union Budget are keeping investors nervous,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.

    Among Sensex stocks, Bajaj Finance rose the most by 4.61 percent on positive quarterly results. Ultratech Cement rose by 2.51 percent, Bajaj Finserv by 2.22 percent and NTPC by 1.53 percent.

    IT stocks also recovered with HCL Tech rising by 1.85 percent, Infosys by 1.37 percent and TCS by 0.72 percent. Reliance Industries, Maruti, Wipro, M&M, Kotak Bank, Sun Pharma, ICICI Bank also gained.

    Among losers, Power Grid fell the most by 3.38 percent, IndusInd Bank by 2.56 percent, L&T by 2.11 percent, Tata Steel by 1.62 percent, HUL by 1.55 percent and Tata Motors by 0.45 percent.

    State Bank of India and HDFC were also among the laggards.

    In the broader market, the BSE midcap gauge dipped 0.22 percent and smallcap index fell 0.10 percent.

    Among sectoral indices, utilities slumped 5.74 percent, power declined 5.30 percent, oil & gas (4.06 percent), energy (3.12 percent), capital goods (1.30 percent) and metal (1.19 percent).

    IT, teck, consumer durables, telecommunication, consumer discretionary and commodities were the winners.

    Elsewhere in Asia, equity markets in Seoul and Hong Kong ended lower, while Tokyo and Shanghai settled in the green.

    European markets were trading lower during mid-session deals. Markets in the US had ended higher on Friday.

    International oil benchmark Brent crude dipped 0.25 percent to USD 86.44 per barrel.

    Foreign Institutional Investors (FIIs) offloaded shares worth Rs 5,977.86 crore on Friday, according to exchange data.

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    #Sensex #Nifty #close #higher #volatile #trade #oil #shares #recover

    ( With inputs from www.siasat.com )

  • Air India offers nearly 98 crore shares to employees under stock option scheme

    Air India offers nearly 98 crore shares to employees under stock option scheme

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    Mumbai/New Delhi: Air India has offered around 98 crore shares of the company to its permanent employees as part of a stock option scheme.

    The shares are also being offered to the permanent staff of Air India Express as part of the Employees’ Share Benefit (ESB) Scheme 2022, according to a document.

    The Tata group took over the control of Air India and Air India Express from the government on January 27, 2022.

    An airline official told PTI that around 8,000 employees will benefit from the scheme.

    “In accordance with the share purchase agreement signed as part of the disinvestment process, Air India has initiated the Employee Share Benefit Scheme for eligible employees who were in service with the airline on the date of privatisation.

    “We will be working with the relevant employees to help them understand the long term benefits and avail of the same,” an Air India spokesperson said in a statement.

    Those who were permanent employees at the two carriers — Air India and Air India Express — at the time of the takeover will be eligible to participate in the scheme where the share is offered at a price of 27 paise apiece, as per the document sent to the staff.

    A source said the price is at a discount compared to the book value of 87-90 paise per share at the time of acquisition.

    An employee trust has been set up to administer the ESB scheme.

    “The company has authorised the trust to offer ESB benefits on no more than three per cent of the shares of the company purchased by Talace i.e., 97,99,56,600 to the eligible employees from time to time, in one or more tranches, acquired by the trust from Talace for nil monetary consideration.

    “The trust shall hold the ESB shares to provide the ESB benefit to the eligible employees upon the payment of the aggregate exercise price together with all applicable taxes and amounts…,” the document said.

    Talace, a subsidiary of Tata Sons, acquired Air India, Air India Express and the government’s 50 per cent stake in Air India SATS Airport Services Pvt Ltd.

    “.. any eligible employee retiring on or after January 27, 2022, will be deemed to be an eligible employee and will be entitled to the benefits in accordance with and subject to the terms of this scheme,” as per the document.

    A source at Air India Express said the airline has around 1,600 employees, majority of whom are contractual staff. It has about 300 pilots who are on permanent rolls, the source added.

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    #Air #India #offers #crore #shares #employees #stock #option #scheme

    ( With inputs from www.siasat.com )

  • ‘Pathaan’ SRK poses with ‘Tiger’ Salman, Meezaan Jafri shares picture

    ‘Pathaan’ SRK poses with ‘Tiger’ Salman, Meezaan Jafri shares picture

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    Mumbai: Actor Meezaan Jafri has shared a picture posing with ‘Pathaan’ Shah Rukh Khan and ‘Tiger’ Salman Khan on social media.

    Without revealing where the two stars were, Meezaan took to Instagram to share the picture where the two superstars are seen posing happily.

    In the image, Salman is seen dressed in an olive green suit paired with a night blue shirt. Shah Rukh chose Indian wear as he was seen wearing a black kurta-pyjama.

    Meezaan captioned the image: “#PATHAAN in theatre’s tomorrow.”

    SRK currently awaits the release of ‘Pathaan’, which is slated to release on Wednesday. The film also stars John Abraham and Deepika Padukone in lead roles. Salman will reportedly be seen in a cameo as ‘Tiger’ in the film.

    The ‘Dabangg’ star will be reuniting with actress Katrina Kaif for Tiger 3, which is set to release on Diwali 2023.

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    #Pathaan #SRK #poses #Tiger #Salman #Meezaan #Jafri #shares #picture

    ( With inputs from www.siasat.com )

  • ‘SC hijacked Constitution’: Law min shares ‘sane views’ of ‘majority’

    ‘SC hijacked Constitution’: Law min shares ‘sane views’ of ‘majority’

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    Rijiju jan13

    New Delhi: Law Minister Kiren Rijiju on Sunday sought to support the views of a retired high court judge, who said the Supreme Court “hijacked” the Constitution by deciding to appoint judges itself.

    The government and the judiciary have been at loggerheads over the process of appointment of judges to the higher judiciary,

    Rijiju shared the video of an interview of Justice R S Sodhi (retd), a former judge of the Delhi Court, saying it is “voice of a judge” and that majority of people have similar “sane views”.

    Justice Sodhi said the right to frame laws lies with Parliament.

    The law minister also said that “actually majority of the people have similar sane views. It’s only those people who disregard the provisions of the Constitution and mandate of the people think that they are above the Constitution of India.”

    Also Read

    ‘Collegium system perfectly balanced’: Ex-CJI Lalit counters Union law min

    “Real beauty of Indian Democracy is its success. People rule themselves through their representatives.Elected representatives represent the interests of the People & make laws. Our Judiciary is independent and our Constitution is Supreme,” the minister tweeted.

    In the interview, Justice Sodhi also said the apex court cannot frame laws as it does not have the right to do so. The right to frame laws belongs to Parliament, he said.

    “… Whether you can amend the Constitution? Only Parliament will amend Constitution. But here I feel the Supreme Court for the first time ‘hijacked’ the Constitution. After ‘hijacking’ they (SC) said that we will appoint (judges) ourselves and the government will have no role in it,” Justice Sodhi said in Hindi.

    The appointment of judges to the Supreme Court and the high courts has become a major flashpoint between the Executive and the Judiciary.

    While Rijiju has described the collegium system to appoint judges as something “alien” to the Indian Constitution, Vice President Jagdeep Dhankhar has questioned the top court for striking down the National Judicial Appointments Commission Act (NJAC)and a related constitution amendment.

    Also the chairman of Rajya Sabha, Dhankar had said a law passed by Parliament, which reflects the will of the people, was “undone” by the Supreme Court and “the world does not know of any such instance”.

    By bringing the NJAC law, the government had sought to overturn the collegium system which came into being in 1992.

    The apex court has questioned the government for delay in clearing the appointments of Supreme Court and High Court judges.

    Last week, the Supreme Court collegium had for the second time reiterated the names of two advocates for appointment as judges of the Calcutta High Court “expeditiously”, saying it was not open for the government to repeatedly send back the same proposal.


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    #hijacked #Constitution #Law #min #shares #sane #views #majority

    ( With inputs from www.siasat.com )

  • ‘Pure terror in musical form’: Dead Space’s composer shares its unsettling secret

    ‘Pure terror in musical form’: Dead Space’s composer shares its unsettling secret

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    What does “horror” sound like to you? Is it the slow thump of a heartbeat, gradually speeding up as adrenaline and cortisol start to flood the nervous system? Is it the wet thwack of meat on metal as something, somewhere, gets rent asunder? Or is it more understated – a soft whisper in the ear when you weren’t expecting it, half-heard shuffling footsteps, the suggestion of a breeze when the air is supposed to be perfectly still?

    Dead Space, the horror game from EA and Visceral that launched for the PlayStation 3, Xbox 360 and PC back in 2008, managed to get into your head, and under your skin. Complementing the game’s extra-terrestrial, Cronenberg-esque body horror was the mental deterioration of protagonist Isaac Clarke; an engineer stranded aboard the USG Ishimura. He’s not a warrior. He’s not a soldier. He’s just some guy, on a ship teeming with hostile alien lifeforms, whose poor little brain is starting to unravel. For the entire game, you never leave his heavy, blood-soaked boots.

    “There’s a very simple technique I came up with that, to me, musically illustrated Isaac’s emotional state,” explains Dead Space composer, Jason Graves. “You can hear it in the very beginning of track four on the soundtrack, Fly Me To The Aegis Seven Moon, and it’s used throughout the entire score. It’s a slowly wavering, single note. Very anxious-sounding. That note builds and expands as the rest of the orchestra slowly dominates and overpowers it.”

    Graves’ technique for getting you to empathise with Isaac mimicked what the audio engineers were doing with the rest of the game’s sound. Dead Space employed breathing sound effects and a dull heartbeat in the background to keep you physically in-step with Isaac. The lower your health, the more ragged your breathing became. The closer to death you were, the quicker your heart would beat. You might not have noticed these things consciously … but chances are your body did.

    Dead Space’s aim was to expand the boundaries of a horror experience in gaming, taking on all the action beats of Resident Evil and Silent Hill and complementing them with the psychological thriller aspects of cinema. “Kubrick is famous for implementing classical recordings in his films,” reflects Graves. “His use of Penderecki’s music in The Shining was my lightbulb moment for Dead Space. I stumbled across the ‘all work and no play makes Jack a dull boy’ typewriter scene one evening on television and thought ‘that’s what the score needs to sound like!’”

    ‘The closer to death you were, the quicker your heart would beat … Dead Space.
    ‘The closer to death you were, the quicker your heart would beat … Dead Space. Photograph: EA

    Graves explains the appeal of the scene; it was a natural, acoustic sound – a normal orchestra performing their instruments – but the techniques they were using made the instruments sound otherworldly. “Like musical necromorphs,” he laughs. “The key to this sound was musical chance, or aleatoric techniques.”

    “The point of aleatoric music is giving the player the freedom to decide what to play within a given set of instructions. It might be ‘play the highest note as loud as possible,’ ‘play random open string harmonics very quietly’, or ‘play these five notes as quickly and loudly as you can. These kinds of directions are incredibly fun for the musicians. They act like they are back in school. I had several takes ruined by laughing at the end.”

    As unlistenable as aleatoric music sounds, it made perfect sense to commit the technique to a horror game. Especially a horror game with the goal of featuring the scariest soundtrack the world has ever heard. “I spent many, many months poring over scores from the mid-20th century and studying their techniques, convinced that this aleatoric sound of cacophony and confusion was the key to unlocking pure terror in musical form.” says Graves. “After all, what is normal-sounding music but comforting repetition, proper form, tonal balance and tuned, enjoyable sounds? If you take away all those things, you are robbing the listener of every core value that makes music comforting and pleasurable.”

    Graves was intent on making you, the player, as uncomfortable as you could be. This wasn’t going to be your traditional score; the original brief he received, which asked for “modern, Hollywood action music with some horror thrown in”, had been jettisoned. This was a cold, new frontier now: “nothing repeats, there is no tonal centre – it’s literally every man and woman (in the orchestra) for themselves.”

    ‘Nothing repeats, there is no tonal centre – it’s literally every man and woman (in the orchestra) for themselves’ … Dead Space.
    ‘Nothing repeats, there is no tonal centre – it’s literally every man and woman (in the orchestra) for themselves’ … Dead Space. Photograph: EA

    Dead Space was a passion project for Graves. He devoted more than two years of his life to it, and he came away with “over nine hours of recorded technique from each individual section of the orchestra”. Control over each element was essential for how the final product would sound, and how the music would be fed into the game engine. “This kind of music implementation hadn’t been done in games before,” he recalls. “EA was using its own proprietary music engine and really pushing the limits.”

    Was it easy? No. Was it effective? Absolutely. Dead Space remains one of the most essential horror games – influential enough to justify a remake, which will be out next week.

    “All creative people have their ‘trial by fire’ moments,” says Graves. “Projects that transform how they creatively process and work from that point forward. That’s what Dead Space did for me. Literally, every decision about the score – conception, recording techniques, musicians, recording studios and implementation – were, for better or worse, up to me … Constantly trying new things and pushing boundaries, that’s how you grow as an artist.”

    The end result is an unsettling triumph, a curated, player-driven exercise in tension and technique designed to get in your head and stay there, long after you’ve finished playing.

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    #Pure #terror #musical #form #Dead #Spaces #composer #shares #unsettling #secret
    ( With inputs from : www.theguardian.com )