Category: News & Politics

Severely-Cold-For-North-India

January 27-30 Could Be Severely Cold For North, Central And West Indian States

Indian Meteorological Department (IMD) has issued an orange alert across six northern states and union territories and central India for 3-4 days. People of these regions will experience severely cold weather until the weekend.

Dry northwesterly winds

The IMD website predicts dry northwesterly winds over north and central India for next few days. These winds could create severe cold conditions in pockets of northwest India, Madhya Pradesh in central India and Gujarat in the west from January 27-30. In the northwest part, states including Punjab, Haryana, Chandigarh, Delhi, Uttar Pradesh, and Rajasthan will continue experiencing cold wave.

Temperature will be below normal

The overall temperature in north, northwest and north-central pockets will remain 2-4°C below the normal temperature. Also, a fall in the maximum mercury level is forecasted across north, northwest and central India.

Orange alert areas

Following the weather forecast, the IMD team has placed Punjab, Haryana, Chandigarh, Delhi and Uttar Pradesh under orange alert but it will be downgraded to yellow alert from Friday onwards. But Rajasthan is kept under yellow alert for this week. Orange alert is also suggested for Saurashtra and … Read the rest

Elon-Musk-Help-Etsy-Shares

How Did Elon Musk Help Etsy Shares?

In what was just another incident of wild, speculative trading in stock market, Etsy witnessed a huge jump in its share. Its stock recorded a 9% increase in premarket trading after Tesla chief Elon Musk tweeted to favor Etsy.

What did Elon Musk tweet?

I kinda love Etsy was all Elon Musk had to say about the ecommerce giant. And this tweet sent Etsy shares in ascending mode. The e-commerce company that recorded little growth in premarket prior to Musk’s tweet saw its shares moving up soon after the tweet was published. According to experts, the tweet could help Etsy achieve the highest spot in the S&P 500 when markets open.

What is the effect musk’s tweet?

Elon Musk is no stranger to investors and he has a history of influencing stock prices especially about Tesla. He uses bold statements on the social media to make his company’s share jump and investors take his opinions seriously. It is exactly what happened with Etsy shares that saw a big jump following Musk’s tweet.

What did Musk say last year?

In a similar incident last year, Elon … Read the rest

Padma-Awardee-Sridhar-Vembu

What Are The Priorities Of Padma Awardee Sridhar Vembu?

Sridhar Vembu, who founded Zoho Corp, has been awarded the Padma Shri on the 72nd Republic Day. A graduate of IIT Madras and Princeton University, Sridhar Vembu recently moved back to his hometown Tenkasi village in Tamil Nadu in India. But he denied that he moved to India due to pandemic.

Zoho Corp

In 1996, Sridhar Vembu founded Advent Net Inc. along with his siblings and Tony Thomas. At that time, the company was headquartered in Pleasanton, California, US. But the company was morphed into Zoho Corp in 2009 and headquarter shifted to Chennai in India.

Today Zoho Corp is valued a $1 billion company and it boasts of having over 60 million users that include Levi’s, Amazon, Philips, Whirlpool, Ola, Xiaomi and Zomato according to an online publication, Friday … Read the rest

72nd-Republic-Day

What Celebrities Tweeted On 72nd Republic Day?

Today the country is celebrating its 72nd Republic Day. It was on this day in 1950 that the constitution of India came into force. Since then, 26th January is celebrated as Republic Day in the country. On this day, everyone including eminent personalities and celebrities extend their wishes to the country.

72nd-Republic-Day

PM Modi’s Republic Day plan

Before the Republic Day celebrations start, PM Modi would visit the National War Memorial near India Gate and lay wreath on the memorial to pay solemn tributes to the fallen heroes. Afterwards, the PM will move to the dais at the Rajpath to witness the Republic Day parade. It will be a 90-minute parade that will showcase the military prowess of the country.

Parade under the shadow of pandemic

Due to pandemic, only 25,000 visitors are allowed at Rajpath. Earlier, lakhs of visitors used to sit at Rajpath to watch the parade. Also, the parade will be shorter this year and it will conclude at the national Stadium instead of marching towards the Red Fort.

Read the rest
Delhi-Metro-Republic-Day-2021

Following Metro Stations Will Remain Closed On Republic Day 2021

Delhi Metro Rail Corporation (DMRC) has an update for commuters that want to enjoy a ride in Metro on the Republic Day 2021. DMRC has decided to services at a few Metro stations citing security reasons. And it wants people to take note of the Republic Day 2021 plans so that they enjoy uninterrupted services as usual.

Metro stations that will remain closed for the Republic Day 2021 celebrations

Delhi Metro has announced partial closure of its services from four Metro stations around Rajpath in the morning hours. These stations are Central Secretariat, Udyog Bhawan, Patel Chowk and Lok Kalyan Marg Metro station. The Metro rail services won’t be available from these four stations. While entry and exit to these Metro stations will remains suspended for the duration of the Republic Day 2021 celebrations, commuters will be allowed to change trains at Central Secretariat Metro station.

Parking for vehicles will also remain closed at Metro stations

Parking of the above-mentioned Metro stations will be closed for public from the morning of 25th January to the noon of 26th January until celebrations are over. The close … Read the rest

IRFC-IPO

What Is The Response To IRFC IPO?

KFin Technologies Private Limited could finalise the allotment of shares in IRFC IPO today. The said company is managing the allotment and refund of IRFC shares. Investors can check the website of the said company to get more information on allotment of shares. The information will also be available on BSE website. Listing of shares could go on January 29.

IRFC IPO

Indian Railway Finance Corporation (IRFC) opened its IPO on January 18 and closed on January 20 after receiving bids for 4,35,22,57,225 shares against 1,24,75,05,993 shares on offer. The subscription ratio of the retail individual investors segment, Qualified Institutional Buyers category and non-institutional investors was 3.66 times, 3.78 times and 2.67 times respectively. The IPO was offered at ₹25-26 per share and the IRFC raised about ₹1,400 crore from anchor investors ahead of the IPO.

The government wants to bring its shareholding in IRFC to 86.4% from 100% with the IPO that was subscribed nearly 3.5 times. The total IPO is of 178.20 crore shares and it comprises a fresh issue of 118.80 crore shares and sale of 59.40 crore shares. The government expects raising a capital of ₹1,544 … Read the rest