The BJP registered a victory in the Rajouri Garden assembly bypoll, handing a humiliating defeat to the ruling Aam Aadmi Party, which finished a distant third and even lost its deposit.
In a setback to the Bharatiya Janata Party which dominated the Municipal Corporation of Delhi, the party managed to win only from three seats while the Aam Aadmi Party made its debut by winning five seats and the Congress wrested four seats in the bypolls to 13 wards.
This is the first meeting chaired by Gandhi after relinquishing the post of Congress president last year.
Culinary legend Satish Arora hangs up his apron after almost 5 decades of service at the Taj group of hotels.
'If a bloodbath of this nature can occur in a high security area like Gulshan, I shudder to think how vulnerable other parts of this country are.'
Will Amar Singh be the go-between between the SP and Congress, asks Aditi Phadnis.
'The moment the BJP loses a state, it announces some policy which never takes off.'
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
The work of Norman Borlaug, who helped save billions from starvation, is worth recalling, especially as opposition to gene-modified crops mount, says Shreekant Sambrani.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
As nominations for Rajya Sabha biennial polls closed on Tuesday, a contest is on the cards in Uttar Pradesh and Haryana even as Union Power Minister Piyush Goyal and senior Congress leader P Chidambaram are among those set to be elected to the Upper House.
Searching for them online will only invite more trouble for you!
'Of equal importance was the AIADMK's precarious assembly membership, what with 11 of its MLAs including deputy chief minister OPS facing court cases for disqualification and by-elections due in another 21. To shore up the party's numbers for anticipated eventuality on the 11-MLAs' front, the AIADMK leadership in general and chief minister EPS in particular, were even more focussed on assembly seats than LS seats, just now,' says N Sathiya Moorthy.
Hindu-American Congresswon Tulsi Gabbard coasts to a rollicking re-election victory in in Hawaii's 2nd District
'I am quite optimistic that sooner or later, my wishful thinking would turn into a reality.' The only hitch is that the INC president's own career ambitions may be hurt if the Congress merges with the BJP,' says Sudhir Bisht.
As we celebrate the spirit of childhood, here are some children who've made India proud.
Benchmark indices failed to sustain gains and retreated from day's high dragged primarily by the losses in metals, information technology and bank shares as investors started to book profits in late noon deals. Earlier, markets had scaled fresh all-time highs on the surprise post-budget rate cut by Reserve Bank of India (RBI). The 30-share Sensex ended down 213 points at 29,380 and the 50-share Nifty closed down 74 points at 8,922. Intra-day, Sensex reached the all-time high mark of 30,024.74 while Nifty touched the life-time high level of 9,119.20. In the broader market, both the BSE Midcap index and Smallcap indices, down 1% and 1.2% each underperformed the front-liners. Market breadth in BSE ended negative with 1,882 declines against 1,010 advances. A day after signing an agreement with Finance Ministry on inflation targeting, RBI surprised the markets with an early post-budget repo rate cut of 25 bps (basis points) to 7.5% from 7.75% which was again outside of central bank's scheduled policy review meetings as the earlier rate cut effected on January 15. "RBI's latest rate cut of 25 basis points, while a surprise in its timing is in-line with our expectations of a sharp rate-cutting cycle over the coming quarters. With inflation sustainably lower by 500bps, the RBI has in recent months acknowledged the scope for rate cuts and was only waiting for additional comfort that the government's fiscal policy would not play spoil-sport," said Dinesh Thakkar, chairman and managing director at Angel Broking in a note. Analysts at Karvy believe that further monetary policy action will depend on number of factors including easing of supply constraints, improved availability of power, land, minerals and infrastructure, fiscal consolidation, the pass through of rate cuts by banks and the expected monsoon. Citing weakness in some sectors of the economy and the overall global trend towards monetary easing as rationale for the rate cut the central bank also exuded confidence in the road map for fiscal consolidation as laid out in the Union Budget, 2015. Commenting on how the markets reacted to RBI's surprise move, K Subramanyam assistant vice-president (institutional research), Asit C. Mehta Securities said, "The unexpected cut did take the market by surprise .However, credit off-take is not dependant only on interest rates. A gradual revival in the economy would be of more help which would trigger credit off-take. Hopefully this will follow and RBI's action would prove helpful. From market point of view this is bullish as equity becomes more attractive vis-a-vis falling interest rates." On the macro-economic front, the HSBC services PMI rose to an eight-month high of 53.9 in February up from 52.4 in January indicating strong expansion in output across the sector. Respondents cited robust growth of new business as the principle factor for the increase in activity. Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 773 crore on Tuesday, as per provisional data. Buzzing Stocks 9 out of the 12 sectoral indices of BSE ended in red. BSE Metal index, down 2.4% was the top loser followed by BSE Oil & Gas and Power indices, down 1.3% each. BSE Healthcare index, up 1.2% and BSE FMCG index, up 0.9% were the top losers. Bank stocks came under during late noon trades as traders booked profits at higher levels. However, RBI rate cut may encourage large lenders to cut their lending rates boosting demand for home and auto loans and provide funds for various stalled and new projects. Many stalled projects across the country are waiting for cash to restart work. The stock of stalled projects at the end of December 2014 stood at Rs 8.8 lakh crore or 7% of GDP. ICICI Bank ended down 0.1%, Axis Bank and SBI declined over 3% and HDFC Bank shed 1.5%. Sun Pharma gained over 6% on approval granted to Sun Pharma Advanced Research Company (SPARC) by US FDA for an antiepileptic drug. The product will be manufactured by Sun Pharmaceutical Industries at its Halol (Gujarat) facility in India. SPARC was formed in 2007 when Sun Pharma separated out its active projects in drug discovery and innovation into a new company. Dr Reddys Lab and Cipla have gained over 1% each. ITC gained over 1% after consecutive sessions of losses on the proposed larger-than-expected hike in excise duty on cigarettes in the Union Budget. The biggest ever auction of spectrum by the Department of Telecommunications (DoT) started on Wednesday in the morning where government expects to garner Rs 80,000-1lakh crore from the sale of spectrum. Idea Cellular gained over 2%, Reliance Communication gained around 1% and Bharti Airtel closed 0.5% higher. Metal stocks were under pressure in today's session. Hindalco declined over 3%, Sesa Sterliteended down over 4% and Tata Steel closed down 2%. Profit-taking in IT stocks led to Wipro losing around 1.8%, Infosys declining 0.7% and TCS losing 1.5%.
"Our only solace is that Modi will win Varanasi, but there will be a by-election here. Modi will not be able to cobble 272 seats to become prime minister so he will remain the chief minister of Gujarat. He will resign from Varanasi and then we will ensure Kerjiwal's handsome win." Rediff.com's Sheela Bhatt reports on how Varanasi's 300,000 Muslim voters are strategising their vote.
India garnered most of the gold medals on offer for the fourth successive day at the 12th South Asian Games, as their swimmers, archers and track-and-field athletes ensured the top position on the medals tally remained unchallenged, in Guwahati, on Tuesday.
In Tamil Nadu politics J Jayalalithaa is the queen of all she surveys today, But there are some ground realities that may still dent her high ambition. Rediff.com's Sheela Bhatt's fascinating new column where she reveals the ground realities in the Battle for India.
Photographs tell us so much about the person!
Honesty coupled with pragmatism translates to good governance. Honesty plus hubris and self-righteousness spells disaster: that is what the AAP is, says Vivek Gumaste
'Like 2014, 2017 was also Modi's election.' 'Every voter you met, apart from those who are BJP cadres, everybody said they would vote for Modi, not the BJP.' 'The one and only factor is the Modi juggernaut. He is the one who turned the tide.' 'The wave which he created in 2014, and to maintain it for three years, is a huge task in itself.'
'India has to judge what Pakistan says to us, not what they say to a domestic audience,' a source tells Sheela Bhatt/Rediff.com, explaining why India-Pakistan talks remain on track despite discordant noises from across the border.
As political rivals clamour to retain their pan-Tamil credentials, the BJP may use the 'nationalist' card to even the odds in its favour, says N Sathiya Moorthy.
'I was very wary about stepping into the limelight and the populist role like Sherlock Holmes, but the minute I saw who was involved and read the script and the quality of it I thought: I've got to do this.' Benedict Cumberbatch tells CNN International why he nearly turned down the chance to play Sherlock Homes.
Modi's NDA is good enough to give a psychological boost to the once 'untouchable' BJP and Modi but if the NDA doesn't get a majority on its own, then walking the last mile will be the greatest challenge of this election for Modi, says Sheela Bhatt/Rediff.com
Vijayakanth's DMDK may play a key role as Tamil Nadu's political parties scramble for allies to capture the state's 40 Lok Sabha seats.
The failure of the Congress to win the hearts of even the Muslim victims of Muzaffarnagar riots exposes what's wrong with Rahul Gandhi's leadership. His statement that Pakistan's ISI was targeting the victims may have cost the party their trust. Rather, those who advise Gandhi are so brazen politically that they ask the UPA government to give reservations to the Jat community, perceived to be the aggressor by the Muslims of Uttar Pradesh.
Sri Lanka's signals -- that it is ready for 'joint fishing' initiatives -- and Tamil Nadu fishermen's sticking to commitments have paved the way for a negotiated settlement on a long festering issue, says N Sathiya Moorthy
