5 Minutes Read

Vikram Vedha movie review: Sharp storytelling and Hrithik Roshan power this Hindi remake

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Hrithik Roshan and Saif Ali Khan ably shoulder the film but Vikram Vedha’s screenplay is its biggest star. Writer-directors Pushkar-Gayathri leave no loose ends. The film’s three-story narrative works like a playground, and boy, do the men play.

If you thought Siddharth Anand’s 2019 film War was a love letter to Hrithik Roshan, you need to watch Vikram Vedha, Pushkar-Gayathri’s Hindi remake of their own 2017 Tamil blockbuster of the same name. A smart, slick, stylish crime thriller with guns and goons galore, it plays with the traditional cop-criminal construct and transcends beyond, posing existential questions that have no easy answers.

The film borrows its central theme and structure from the Vikram-Betaal folklore. Saif Ali Khan is Vikram, a senior superintendent of police on the hunt for the dreaded local gangster Vedha, played by Roshan in a blisteringly brazen performance. As the encounter specialist who sees only in black and white, right and wrong, Khan is understated, efficient. Though his Vikram is the perfect foil for Roshan’s Vedha — he is the method to his madness — and contributes immensely to the film in a way only an actor of Khan’s experience and versatility can, Vikram is no Sartaj Singh.

Khan’s Sikh cop from Sacred Games continues to be his most haunting, affecting iteration of a police officer who changes irrevocably while solving a high-profile case. However, in Vikram Vedha, Khan bowled me over (once again) with how secure he is as an actor. He lets Roshan have the spotlight and bask in its glory in slow motion, hair blowing, his chiseled body silhouetted against the setting sun, casting a pristine golden halo around him as he reduces people to pulp.

Though his UP (Uttar Pradesh) accent flounders more than once, Roshan is electrifying as Vedha. He brings an unadulterated magnetism, swag, and casualness to all the bloodbath, and makes bad look deliciously good. After Shah Rukh Khan and Shahid Kapoor, Rohan could be the next brilliant bad boy of Bollywood. And of course, he nails the scenes where he needs to be vulnerable. Vedha’s younger brother Shatak (Rohit Saraf) is the center of his world, a lot like Vijay’s baby sister was in Agneepath (2012), another Roshan remake of a celebrated classic. Roshan and writers Pushkar-Gayathri make Vedha a lot more than a rustic goon. They thoughtfully layer both him and Vikram, and more often than not, these layers overlap. So much so, that by the end, it gets difficult to tell them apart. The black and white both merge into a vast, unending grey.

Roshan and Khan ably shoulder the film but Vikram Vedha’s screenplay is its biggest star. It is the kind of film in which even seeming small talk attains significant stature at some point. By the time Vedha finishes narrating Vikram his introductory story under custody and presents him with the first moral dilemma, the stage is set — you know there will be another meeting, another story, and another conscience-probing question. The film’s three-story narrative works like a playground, and boy, do the men play.

The writer-directors leave no loose ends. The writing is clever and the dialogue, by Benazir Ali Fida and Manoj Muntashir, broadly colloquial. Some of the action sequences are beautifully shot, especially the one that features in Vedha’s first story and elevates him from a newbie in the gang to the leader’s right hand. Shot in a field with the setting sun in the backdrop and Kisi Ki Muskurahaton Pe from Raj Kapoor’s Anari (1959) playing in the background, it is a visual treat. Cinematographer PS Vinod wondrously juxtaposes the falling of limbs and cutting of throats with the song’s didactic lyrics as a gorgeous Vedha goes about having a good time. It’s poetic.

However, barring our titular men, most characters, including Shatak, Vikram’s lawyer wife Priya (Radhika Apte), his cop-friend Abbas (Satyadeep Mishra), and Vedha’s long aide Bablu (Sharib Hashmi), are painfully underwritten. Vikram and Priya’s story arc is too undercooked to create any substantial impact. It would have benefitted the film greatly if it were given more blood and meat. The background score too, by Sam CS who also composed for the Tamil original, is a bit overly enthusiastic, but it does staggeringly elevate the film’s manic energy. Then there’s the item song Alcoholia. Though Roshan dances with mad abandon, it is absolutely a needless and distracting digression.

But these are minor lapses. Other than its meditative exploration of the ambiguousness of morality, Vikram Vedha also makes for a fantastic case for two-hero projects. It was an absolute joy to watch titans as resolute as Khan and Roshan bring in their A-game with such brute force. Sacred Games comes to mind again. What would it have been had Nawazuddin Siddiqui or Khan refused to share the pie? It’s a pity that the heroes of the world’s largest movie industry cannot set aside their vanity and insecurities for the love of cinema and bring to screen anomalies such as Vikram Vedha more often.

The Hindi remake is thoroughly enjoyable if you have not watched the original. But even if you have and even if the 2017 Tamil film had R Madhavan and Sethupathi in terrific form, it did not have Hrithik Roshan. And that makes all the difference. Towards the end, Vedha asks Vikram if he’d want to listen to another tale, his love story. Vikram is too exhausted to indulge him. I want to. Can we have a sequel, please?

Vikram Vedha is playing at a theatre near you.

Read other pieces by Sneha Bengani here.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Exclusive | Suspected Chinese hackers tampered with widely used Canadian chat program – researchers

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

US cybersecurity firm CrowdStrike will say in an upcoming blog post seen by Reuters that it had discovered malicious software being distributed by Vancouver-based Comm100, which provides customer service products, such as chatbots and social media management tools, to a range of clients around the globe.

Suspected Chinese hackers tampered with widely used software distributed by a small Canadian customer service company, another example of a “supply chain compromise” made infamous by the hack on US networking company SolarWinds.

US cybersecurity firm CrowdStrike will say in an upcoming blog post seen by Reuters that it had discovered malicious software being distributed by Vancouver-based Comm100, which provides customer service products, such as chatbots and social media management tools, to a range of clients around the globe.

The scope and scale of the hack wasn’t immediately clear. In a message, Comm100 said it had fixed its software earlier Thursday and that more details would soon be forthcoming. The company did not immediately respond to follow-up requests for information.

Also Read: Exclusive | Intel will not manufacture in India, but reaffirms commitment to building chip ecosystem

CrowdStrike researchers believe the malicious software was in circulation for a couple of days but wouldn’t say how many companies had been affected, divulging only that “entities across a range of industries” were hit.

Comm100 on its website said it had more than 15,000 customers in some 80 countries.

CrowdStrike executive Adam Meyers said in a telephone interview that the hackers involved were suspected to be Chinese, citing the hackers’ patterns of behavior, language in the code, and the fact that one of the hack’s victims had repeatedly been targeted by Chinese hackers in the past.

The Chinese Embassy in Washington did not immediately return messages seeking comment. Beijing regularly denies such allegations.

Also Read: Unlike China or Vietnam, India may offer early sops for Apple, Samsung, Dell to make big gadgets in India

Supply chain compromises – which work by tampering with a widely used piece of software in order to hack its users downstream – have been of increasing concern since alleged Russian hackers broke into Texas IT management firm SolarWinds Corp and used it as a springboard to hack US government agencies and a host of private firms.

Meyers – whose firm was among those that responded to the SolarWinds hack – said the Comm100 find was a reminder that other nations used the same techniques.

“China is engaging in supply chain attacks,” he said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Russia Ukraine war: India can play an important role in convincing Putin to stand down, says former US Envoy

In a televised address Russian President Putin formally announced the annexation of Donetsk, Luhansk, Kherson, Zaporizhzhia and said this is the expression of the will of the people, and these areas will now be part of Russia forever.

He also warned that Russia will use all available means to guard these regions. Putin urged Ukraine to come to the negotiating table but also said that Russia will not give up the newly incorporated regions.

The head of the European Commission Ursula Von Der Leyen firmly rejected the recent referendums and annexation.

Ukraine President Volodymyr Zelenskyy held a meeting with his military chief to discuss further liberation of Russian-occupied Ukraine territory.

In an interview with CNBC-TV18, Daniel Fried, former US envoy to Poland said Putin has doubled his aggression as he isn’t winning the war, “His offer of negotiations to the Ukrainians is no offer at all, it is a demand for their surrender.”

Fried, however, believes that India can play an important role in convincing Putin to stand down.

Also Read: Ukraine submitting ‘accelerated application’ to join NATO, says Zelenskyy after Putin signs treaties to annex Ukrainian regions

“In his speech, Putin did implicitly threaten the use of nuclear weapons and India may have something to say about that. Narendra Modi was quite strong in Tashkent asking for peace. That was a good solid statement. So I think India can play an important role in convincing Putin to stand down if he can,” he added.

Also, Guilherme Casaroes, professor of Political Science at Getulio Vargas University spoke about the upcoming Presidential elections in Brazil.

Watch the video for the entire discussion.

Startups must focus on building quality products for agritech sector: Kalaari Capital

Agriculture

Agritech is one of the most promising sunrise sectors in India. Over 1,500 startups are digitising India’s least digitised sector which is agriculture.

According to a Kalaari Capital report agritech could hit a market size of $24 billion in four years. Although the sector holds great potential, it is still in its infancy with a penetration of about 1-2 percent.

Early-stage investors Kalaari Capital and Omnivore recently held an event called “Agritech Now and Beyond” to chart a roadmap for this sunrise sector.

On the sidelines of the event, CNBC-TV18′s Akhil Vishwanath spoke with Vamshi Krishna Reddy of Kalaari Capital, Mark Kahn of Omnivore and their portfolio startups to discuss the playbook to scale and supercharge growth in the agritech sector.

According to Reddy startups in agritech sector need to focus on building quality products rather than developing full-stack solutions.

“The focus for startups in this sector should be on building quality products rather than solutions. While there are people who are building full-stack solutions across the board, but we are very interested in founders who are trying to build products,” Reddy said.

Also, CNBC-TV18‘s Aishwarya Anand gets the highlights from the Inspire Awards Manak 2022. The Inspire Award is a government scheme that aims to nurture the ideas and innovations of school students and motivate them to pursue science and a career in research.

In the 2022 edition, a total of 60 innovative ideas were identified and rewarded to be extended into complete incubation to support these student entrepreneurs.

Watch video for more.

Nifty may remain range-bound between 15,000 & 19,000 for current year: Nirmal Bang Institutional

Trading Holiday, Ram Navami Holiday, BSE Holiday, NSE holiday, stock market holiday, bombay stock exchange, national stock exchange, ram navami, public holiday,

Indian stock markets rallied after the Reserve Bank of India (RBI) decided to hike rates by 50 basis points. The markets snapped a 7-day losing streak with Sensex gaining over 1,000 points and the Nifty rallying nearly 300 points. Financials led the rally with the Nifty bank index gaining nearly 3 percent.

However, for the week, both Sensex and Nifty tumbled over a percent. Metal stocks were the biggest losers ending the week over 4 percent lower. Auto and financials were also down over 2 percent for the week.

Rahul Arora, CEO of Nirmal Bang Institutional Equities believes that Nifty could probably move in a range between 15,000 and 19,000 for the current year.

“If you see the last two years of COVID, corporate India’s balance sheets are as healthy as they have ever been. Debts are at the lowest level, cash flows are at the highest, capacity utilisation is at 73 percent. So if you have a situation where capacity utilisation inches up to 80 percent, you are probably getting into a situation where profit growth is going to be extremely handsome,” he said.

“So if you look at the market from that perspective, you will buy every dip. However, the US has gone completely out of whack with interest rates and we don’t know how severe the recession is going to be. So if that pans out then the pain could be slightly more protracted and you may have a situation where earnings growth might come through but it may not be backed by the kind of liquidity to buy the stocks that you had over the last two years. So, you may land with a neutral year where the Nifty probably moves in a range between 15,000 and 19,000,” Arora added.

Watch the video for more.

 5 Minutes Read

Hrithik-Saif starrer ‘Vikram Vedha’ is ‘terrific; impresses netizens on opening day

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The movie’s writing, direction, action sequences and lead performances have received both audience and critical praise. 

Hrithik Roshan and Saif Ali Khan’s latest film Vikram Vedha has opened to a decent opening. The thriller drama directed by Pushkar and Gayatri is expected to bank around Rs 12 crore net in domestic markets, reported Sacnilk, a film collection tracker.

The movie stars Saif Ali Khan, Hrithik Roshan, Radhika Apte, and Rohit Saraf, and is a remake of Pushkar and Gayathri’s 2017 Tamil film of the same name.

While the movie’s opening day performance has been middling, analysts expect that word of mouth can propel Hrithik’s comeback film into a solid success. The movie’s writing, direction, action sequences, and lead performances have received both audience and critical praise.

“Terrific,” exclaimed industry trade analyst Taran Adarsh on Twitter. “Engaging. Engrossing. Entertaining… Smartly written, brilliantly executed… Vikram Vedha has it all: style, substance, suspense.”

“Bollywood is back! Great story, strong performances and Mass action!” added another film correspondent, Rajasekar, on the micro-blogging platform.

“Hrithik’s 25th film is a silver jubilee treat that showcases his growth as an actor. Versatility at its finest,” said another.

“Cinemas were on FIRE today for Vikram Vedha First Day First show. Must watch theatre experience! Hrithik (and) Saif are a treat to watch!”

Fan reactions to the movie have also been largely positive with many fans stating that the remake is just as good if not better than the original.

Many have also praised Pushkar-Gayatri’s directorial vision.

But a lot of fans have especially been appreciative of Hrithik’s performance in his comeback film after three years as well as Saif’s performance.

Looking at the discussions on social media platforms like Twitter, word of mouth seems to be highly positive for the action drama.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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We will tackle all challenges together: CDS General Anil Chauhan

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

General Chauhan, a former Eastern Army Commander, took charge on September 30 as the country’s senior-most military commander over nine months after first Chief of Defence Staff (CDS) General Bipin Rawat died in a helicopter crash in Tamil Nadu.

General Anil Chauhan on Friday became India’s new Chief of Defence Staff (CDS) with a mandate to implement the ambitious theaterisation plan that aims to ensure tri-services synergy and prepare the armed forces for future security challenges before India.

General Chauhan, a former Eastern Army Commander, took charge on September 30 as the country’s senior-most military commander over nine months after first Chief of Defence Staff (CDS) General Bipin Rawat died in a helicopter crash in Tamil Nadu.

In a brief interaction with the media, General Chauhan said the security challenges facing the nation will be dealt with jointly by the three services. “I am proud to be assuming the responsibility of the highest rank in the Indian armed forces. I will try to fulfil the expectations from the three services and tackle all challenges and difficulties together,” he said.

He became the first retired three-star Lt General-rank officer to return to the service as a four four-star General. He will also be the principal military advisor to the defence minister on all tri-service matters as well as head the department of military affairs as its secretary. He will also be the Permanent Chairman of the Chiefs of Staff Committee (COSC), the Defence Ministry said.

The CDS called on Defence Minister Rajnath Singh shortly after taking charge of the top office. Before assuming charge of the CDS, General Chauhan paid tributes to India’s fallen soldiers at the National War Memorial. His father Surendra Singh Chauhan was also present at the memorial.

He was also accorded a tri-services guard of honour at the lawns of the South Block in the Raisina Hills in presence of Army Chief General Manoj Pande, Chief of Air Staff Air Chief Marshal V.R. Chaudhari and Navy Vice Chief Vice Admiral S.N. Ghormade. General Chauhan’s wife Anupama accompanied him when he took charge of the top office.

Known as an expert on China, his appointment to the top post comes amid the lingering border row between Indian and Chinese troops in eastern Ladakh. Sixty-one-year-old Chauhan will also function as secretary in the Department of Military Affairs.

He retired from service on May 31 last year when he was serving as the Eastern Army Commander. After his retirement, he was serving as the military adviser to the National Security Council Secretariat (NSCS) headed by National Security Adviser (NSA) Ajit Doval. Born on May 18, 1961, General Chauhan was commissioned into the 11 Gorkha Rifles of the Indian Army in 1981.

As CDS, General Chauhan’s primary task will be to implement the theaterisation model to bring in tri-services synergy by rolling out integrated military commands. Last year, the Department of Military Affairs headed by General Rawat had asked all three services to carry out independent studies on the theaterisation plan for its rollout.

However, the process did not move further after his death on December 8, 2021. According to the theaterisation plan, each of the theatre commands will have units of the Army, the Navy and the Air Force and all of them will work as a single entity looking after security challenges in a specified geographical territory under an operational commander.

At present, the three forces have a total of 17 commands. Initially, a plan was firmed up for the creation of an Air Defence Command and Maritime Theatre Command. The Indian Air Force has some reservations about the proposed theatre commands.

In June, Air Chief Marshal V.R. Chaudhari said the IAF remains fully committed to the tri-services integration for enhancing the comprehensive national combat power. General Chauhan is known as a fine military commander who played a key role in enhancing India’s military preparedness along the Line of Actual Control (LAC) with China in the Arunachal Pradesh and Sikkim sectors during his tenure as the Eastern Army Commander.

He was the director general of military operations (DGMO) of the Indian Army during the Balakot air strikes in 2019, when Indian airplanes pounded a Jaish-e-Mohammed terrorist training camp deep inside Pakistan. In a career spanning nearly 40 years, General Chauhan held several command, staff and instrumental appointments and had extensive experience in counter-insurgency operations in Jammu and Kashmir and the Northeast.

For his distinguished and illustrious service in the Army, Chauhan was awarded the Param Vishisht Seva Medal, Uttam Yudh Seva Medal, Ati Vishisht Seva Medal, Sena Medal and Vishisht Seva Medal.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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MCX India, 63 Moons agree on three-month service extension effective October 1

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

In a regulatory filing, 63 Moons said, “…we wish to inform that at the request of Multi Commodity Exchange of India Limited (MCX), a fresh arrangement for Software Support Services to MCX for a period of three months commencing from 01st October 2022 has been agreed as per new terms of engagement.”

Multi Commodity Exchange of India (MCX) and software vendor 63 Moons on Friday announced that they have agreed on a three-month extension of services starting October 1.

In a regulatory filing, 63 Moons said, “…we wish to inform that at the request of Multi Commodity Exchange of India Limited (MCX), a fresh arrangement for Software Support Services to MCX for a period of three months commencing from 01st October 2022 has been agreed as per new terms of engagement.”

MCX, in its own regulatory filing, said the terms of service will remain as per the agreement which lapsed on September 30. “MCX has today issued a Purchase Order to 63 Moons Technologies Ltd. (63 Moons) for extending Support and Managed Services for its existing trading & clearing platform for a period of three months, beginning from 1st October, 2022 to 31st December, 2022,” the filing said. 

Also read: What the Street makes of RBI’s rate hike and warning

On Thursday, MCX stock had dipped 5 percent on a week-on-week basis and 10 percent on a month-on-month basis over concerns among traders and investors about the contract expiry.

The concerns were fanned by a 63 Moons statement which said MCX can not use the software and will have no access to the source code to rectify potential bugs. “…If the trading or settlement system halts for any reason, no workaround is possible by any third person… as no access to source code is available to MCX,” the statement said.

On Thursday, September 29, the stock was trading at Rs 1,189.30, up over 2 percent from the previous close at BSE around 3.30 pm.

Also read: Bharti Airtel, Vodafone, RIL surge 3-5% ahead of 5G services launch

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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ONDC begins beta testing in Bengaluru today — more on e-commerce glasnost

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

To begin with, orders can be placed in two categories — restaurants and groceries — via buyer applications participating in the ONDC network.

The beta testing for Open Network for Digital Commerce (ONDC) started in Bengaluru today.

ONDC is an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT). ONDC will open its network to consumers via participant applicants across 16 pin codes in Bengaluru from Friday, September 30.

#ONDC starts beta testing in Bengaluru today, with three buyer apps, 12 seller apps, 3 logistics providers across 16 pin codes for grocery and food domains. Many more apps are in the process of joining the network. Valuable experience to be gained for further improvements. pic.twitter.com/dPmbmOuq39

— DPIIT India (@DPIITGoI) September 30, 2022

To begin with, orders can be placed in two categories — restaurants and groceries — via buyer applications participating in the ONDC network.

How ONDC will change e-commerce

ONDC’s debut in Bengaluru is the first step in making the entire e-commerce landscape more inclusive, accessible and experience-driven for all consumers with every seller being visible to every buyer, it said in a statement.

Consumers will be able to shop for services and products from any ‘buyer application’ of their choice. The sellers listed on the network also include those that were not present on a digital platform before. “For sellers, this will result in added visibility for their products and services leading to additional revenue. Even their existing customers can see them online via any buyer app and order from them, helping them retain existing trusted relationships,” the statement added.

Buyer and seller apps

‘Buyer apps’ refer to websites or apps that allow consumers to shop from all sellers present on ONDC. At the beginning of the beta test, consumers can also shop from buyer apps such as PayTM, Mystore and Spicemoney.

On the other hand, ‘seller apps’ are websites or applications which allow sellers to join the network, making their inventory and catalogues visible to buyers.  Bizom, Digiit, Enstore by Innobits, eSamudaay, eVitalrx, Go Frugal, GrowthFalcons, Mystore, nStore, Seller App, Uengage and Ushop are the seller apps that are participating in the beta test.

Fast-growing network

While Shiprocket, Dunzo and Loadshare are providing logistics services, Protean eGov Technologies, which was formerly NSDL e-Gov, will provide gateway services. Plotch and NowFloats are technology service providers, facilitating seller and buyer apps to join the ONDC network.

As various businesses continue to onboard the network, more buyers, sellers, technology service providers, categories, and pin codes will be added progressively, the statement said, adding, “Blowhorn, Craftsvilla, CSC Grameen eStore, Ekart, Global Linker (Faiita IT Mall), Grab, HDFC Bank, IDFC First Bank, ITC Store, Kotak Bank, Magicpin, Microsoft, Peppo, Petpooja, PhonePe, Shopalyst, Snapdeal and Zoho are in advanced stages of integration and expected to go live shortly.”

T. Koshy, MD & CEO of ONDC, said ONDC will democratise the e-commerce ecosystem by allowing sellers to access all buyers and all buyers to access all sellers. “Even for the beta test in Bengaluru, we have chosen the most difficult categories — groceries and restaurants. We are confident this beta test will give us important insights which will help us further refine our playbook before a pan-India rollout,” he said.

Also Read: FMCG market leaders should take the lead in slashing prices, says Marico’s Harsh Mariwala

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Ukraine submitting ‘accelerated application’ to join NATO, says Zelenskyy after Putin signs treaties to annex Ukrainian regions

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Russian President Vladimir Putin on Friday signed treaties to annex Ukraine’s Donetsk, Luhansk, Zaporizhzhia and Kherson regions. Soon after, the UNSC scheduled a vote against the annexation. World leaders joined in, condemning Putin’s move. Read more here-

Russian President Vladimir Putin on Friday signed treaties to annex four Ukrainian regions partly occupied by his forces, escalating his seven-month war and taking it into an unpredictable new phase.

“This is the will of millions of people,” Putin had said in a speech before hundreds of dignitaries in the St George’s Hall of the Kremlin. “People living in Luhansk, Donetsk, Kherson region and Zaporizhzhia region are becoming our compatriots forever.”

Ukraine President  Volodymyr Zelenskyy later said his nation is submitting an accelerated application to join the NATO military alliance.

“We are taking our decisive step by signing Ukraine’s application for accelerated accession to NATO,” Zelenskyy said.

At a ceremony that Kyiv called a “Kremlin freak show” devoid of legal meaning, Putin delivered a 37-minute diatribe against the West, accusing it of “sheer Satanism”, before signing the treaty documents with the Russian-backed heads of the four entities.

They then all clasped hands and chanted “Russia! Russia!” in unison with hundreds of dignitaries, who rose in a standing ovation.

The ceremony took place three days after the completion of hastily staged so-called referendums in which Moscow’s proxies in the occupied regions claimed majorities of up to 99 percent in favour of joining Russia.

Ukraine and Western governments said the votes, announced only 10 days ago, had been conducted at gunpoint and were bogus and illegitimate.

Ukraine, the United States and the head of the United Nations had all said the annexation ceremony would have no legal value.

Putin urged Ukraine to cease military action and return to the negotiating table. Kyiv has vowed to recapture all the lands seized by Russia and said that Russia’s decision to annex the territories has destroyed any prospect of talks.

The annexations mean that Russia, which had already seized Crimea from Ukraine in 2014, now lays claim to some 22 percent of Ukraine’s territory, including parts that it does not control.

The Kremlin leader kept hundreds of assembled dignitaries waiting for 18 minutes before entering the imposing columned hall through a pair of golden doors opened by high-stepping guards, as a fanfare blared.

In his speech, he evoked the memory of Russian heroes from the 18th century to World War Two and repeated familiar accusations against the West, accusing it of colonial practices and recalling the use of nuclear weapons by the United States against Japan, which he called a “precedent”, at the end of World War Two.

The hurried annexations mean that the front lines of the war will now run through territory that Russia is declaring as its own and that Putin has said he is ready to defend with nuclear weapons if necessary.

Some Western politicians called that a bluff – something Putin explicitly denied. The United States says it has warned Russia of catastrophic consequences if it does use a nuclear weapon.

UNSC schedules vote on Friday

The United Nations Security Council has scheduled a vote for Friday afternoon on a resolution that would condemn Russia for its so-called referenda in four Ukrainian regions and declare that they have no validity. The US- and Albanian-sponsored resolution would call on all countries not to recognise any alterations to the status of Ukraine’s Luhansk, Donetsk, Kherson and Zaporizhzhia regions.

It would reaffirm the UN commitment to Ukraine’s sovereignty, territorial integrity and independence within its internationally recognised borders. The Kremlin has announced plans to move on annexing Russian-controlled areas of the four regions on Friday, and Russia is certain to veto the resolution.

US Ambassador Linda Thomas-Greenfield said earlier this week that if that happens the US and Albania will put the resolution to a vote in the 193-member General Assembly where there are no vetoes. The draft resolution, obtained late on Thursday by The Associated Press, would order Russia to desist and refrain from actions aimed at the partial or total disruption of the national unity and territorial integrity of Ukraine.

It would also demand the withdrawal of all Russian troops from Ukraine. Montenegro ordered six Russian diplomats to leave the country, the Foreign Ministry said on Thursday.

How world leaders reacted

Japanese Prime Minister Fumio Kishida, in telephone call Friday with Ukrainian President Volodymyr Zelenskyy, condemned Russia’s new annexation of parts of Ukraine as illegal and a violation of the country’s sovereignty. “I told him that the process that Russia called a referendum and its annexation of parts of Ukraine should never be accepted, and that I strongly condemn them,” Kishida said, adding that he also reassured Zelenskyy in their 30-minute conversation that Japan is committed to working with other Group of Seven nations and the broader international community in further supporting Ukraine, and plans to impose more sanctions against Russia.

Meanwhile Europena Commission President Ursula Vond Der Leyen said that the illegal annexation proclaimed by Putin won’t change anything. “All territories illegally occupied by Russian invaders are Ukrainian land and will always be part of this sovereign nation,” she said, 

Italy’s Giorgia Meloni said that Putin has “once again demonstrated his Soviet-style, neo-imperialist vision that threatens the security of the entire European continent.”

Members of the European Council put out a statement saying they firmly reject and condemn the illegal annexation by Russia of Ukraine’s Donetsk, Luhansk, Zaporizhzhia and Kherson regions.

“By wilfully undermining the rules-based international order and blatantly violating the fundamental rights of Ukraine to independence, sovereignty and territorial integrity, core principles as enshrined in the UN Charter and international law, Russia is putting global security at risk,” the statement said.

“We do not and will never recognise the illegal ‘referenda’ that Russia has engineered as a pretext for this further violation of Ukraine’s independence, sovereignty and territorial integrity, nor their falsified and illegal results. We will never recognise this illegal annexation,” the statement added.

With inputs from AP and PTI

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?