LONDON, July 6: Rock band Black Sabbath turned in a rocking career-spanning set at London’s Hyde Park.
The legendary heavy metal band performed old favourites including ‘War Pigs’ and ‘Iron Man’ and material from their new album ’13’ to the delight of the hoardes gathered for the second night of Barclaycard’s British Summer Time, reported Daily Mirror.
Ahead of the show, frontman Ozzy Osbourne had celebrated his wedding anniversary with wife Sharon and daughter Kelly with a party backstage, and he appeared to want to continue the celebrations on stage.
The 65-year-old rocker shouted, “Do you know what day it is today? It’s my wedding anniversary. Sharon! Get out here.”
As the band closed their set with classic hit ‘Paranoid’, it started raining and the crowd which included actor Johnny did not seemed to mind as they continued singing along until the very end. (PTI)
Black Sabbath rock Hyde Park
4 shot at Houston festival, 2 hurt when leaving
HOUSTON (US), July 6: A man opened fire on an arena floor at a Caribbean music festival, wounding at least four people, police said, and two women were injured as the crowd rushed to flee the shooting.
Several thousand people had gathered at the arena for a Fourth of July party at the Houston Caribbean Festival, which was supposed to run until around 5 am, Houston Police spokesman Jodi Silva said.
Witnesses told police they saw a man open fire at 1:55 am yesterday on the floor of the arena, hitting four men, Silva said.
“Everybody was having a good time, until someone shot a firearm,” Silva said.
Immediately after the shots were heard, people panicked and began to flee, Silva said. Two females were hurt as people rushed to exit, but Silva did not know the extent of their injuries. Silva said the shooting victims were taken to two different hospitals, and one man was in critical condition and not expected to survive.
No ages or identities for any of those hurt were available immediately. The Houston Caribbean Festival is an annual event that takes place during the holiday week at different venues in the area. Messages left at the telephone number listed on the organizer’s website were not immediately returned.
The arena is accessible by a small two-lane road, which made it difficult for emergency crews to arrive as thousands of cars tried to leave.
The organiser of the festival had medical care personnel at the arena that gave first aid to the victims, Silva said. They were assisted by people at the party who had medical training.
There have been no arrests. The Houston Police Department is calling for people with information to come forward.
Silva says about 30 off-duty policemen were at the festival to provide security but they were on the perimeter of the arena. (AGENCIES)
Top-10 Sensex cos add Rs 68,518 cr in market valuation
NEW DELHI, July 6: In a strong market, the top-10 Sensex companies together added Rs 68,518 crore in market capitalisation last week, with ITC and HDFC Bank emerging as the biggest gainers.
The market valuation of FMCG major ITC jumped Rs 10,758.69 crore to Rs 2,65,140.69 crore.
Similarly, HDFC Bank’s m-cap surged Rs 10,565.07 crore to Rs 2,06,183.07 crore. ONGC saw its value climb Rs 9,283.13 crore to Rs 3,60,956.13 crore.
The m-cap of ICICI Bank zoomed Rs 9,139.94 crore to Rs 1,69,060.94 crore and Coal India’s market value advanced by Rs 7,517.34 crore to Rs 2,48,896.34 crore.
Larsen & Toubro Ltd added Rs 7,188.27 crore to Rs 1,61,644.27 crore in its market cap and RIL’s value moved up by Rs 6,192.97 crore to Rs 3,33,599.97 crore.
The m-cap of SBI soared Rs 4,651.81 crore to Rs 2,01,503.81 crore, TCS’s value rose by Rs 2,233.27 crore to Rs 4,72,014.27 crore and that of Infosys went up by Rs 987.71 crore to Rs 1,86,003.71 crore.
In the ranking of top-10 firms, TCS stood at number one position followed by ONGC, RIL, ITC, CIL, HDFC Bank, SBI, Infosys, ICICI Bank and Larsen & Toubro.
The BSE benchmark Sensex touched an all-time high of 25,999.08 before ending at 25,962.06, showing a sharp gain of 862.14 points or 3.43 per cent during the last week. (PTI)
Clashes between Nigeria army, Islamists kill 59: official
ABUJA, July 6: Clashes between Nigerian armed forces and Islamists after a daring attack on the military in the country’s restive northeast left 53 insurgents and six troops dead, a spokesman said.
The rebels attacked barracks and a police station in the town of Damboa, in Borno state, late Friday while most of the troops were out on patrol in surrounding villages, drawing an army response, defence spokesman General Chris Olukolade said in a statement yesterday.
Five soldiers and a senior officer were killed while repelling the attack.
The area was cordoned off and searched, while the bodies of the fallen soldiers were recovered and taken to a military morgue. The wounded were treated at a military medical facility.
“Half of Damboa has been burnt, including the police station. People are just fleeing the town,” said a resident reached by telephone who requested anonymity.
Others said the military had seized four armoured carriers.
“The soldiers gave the Boko Haram fighters a good fight and took over the four APCs they came with,” said one. “The soldiers also suffered casualties.”
“Many homes were burnt in the attack. Many residents have fled the area. The police station was also burnt”, another resident said.
Witnesses estimated that the toll among civilians and the armed forces could be higher than that given by the army.
Security experts say the overstretched and under-resourced military is incapable of fighting an effective counterinsurgency against Boko Haram militants, who have killed thousands in their five-year campaign for an independent Islamic state in the north.
Also on Friday, a suicide bomber rammed his car into a checkpoint at Konduga, Borno state, killing a policeman and three militiamen, Olukolade said. (AGENCIES)
Shooting reported in violence-hit Kenyan coastal region
NAIROBI, July 6: Shooting was reported in Kenya’s coastal district of Lamu, the same area where some 60 people were massacred last month, authorities said.
Kenya’s National Disaster Operations Centre said in a brief statement yesterday on Twitter that gunfire broke out in the trading centre of Hindi near the town of Mpeketoni, the scene of the mass killings.
The NDOC said that local authorities and police were responding and that the “location has been secured”. But there were no reports of casualties.
The Kenyan Red Cross also said no casualties had been reported.
The incident took place around 15 kilo metres from Lamu, once a popular tourist resort.
Details of the incident were not immediately clear, although a spokesman for Somalia’s Shebab rebels issued a statement claiming that the Al-Qaeda-linked group’s fighters had carried out another attack in the area.
“The attackers came back home safely to their base,” Shebab military spokesman Abdulaziz Abu Musab said, claiming that 10 people had been killed in the attack.
The Shebab also claimed responsibility for last month’s attack at Mpeketoni, saying it was in retaliation for Kenya’s military presence in Somalia as part of the African Union force backing the country’s fragile and internationally-backed government.
Survivors of the massacre in the town and a similar attack the following night in a nearby village reported gunmen speaking Somali and carrying Shebab flags killed non-Muslims and said their actions were revenge for Kenya’s military presence in Somalia as part of the African Union force fighting the Islamists.
Kenyan President Uhuru Kenyatta, however, denied that the Shebab were involved and instead blamed “local political networks” and said that the victims had been singled out because of their ethnicity.
The attackers appeared to target Mpeketoni because the town is a mainly Christian settlement in the Muslim-majority coastal region, having been settled decades ago by the Kikuyu people, the same tribe as Kenyatta.
Police also arrested alleged separatists from the Mombasa Republican Council (MRC), a group that campaigns for independence of the coastal region, as well as the governor of Lamu county, who is an opposition politician. (AGENCIES)
Revlon eyeing 30% growth, Rs 250 crore sales this fiscal
NEW DELHI, July 6: Cosmetics firm Revlon is eyeing 30 per cent growth in turnover at Rs 250 crore on the back of new product launches this financial year.
“We are targeting 30 per cent growth and Rs 250 crore turnover this fiscal. We expect good growth from the new StreetWear Color Rich cosmetics targeted at young women,” Modi-Revlon Chairman and Chief Executive Umesh Modi told.
“Market is sluggish and we have to bring in new customers. This kind of growth (30 per cent) is only possible if we tap areas which we did not tap earlier,” he added.
The company reported turnover of Rs 200 crore in the previous fiscal.
This new collection has been specifically designed for the Indian consumers. Revlon plans to launch StreetWear products outside India next year.
“Currently the (StreetWear) products are available only in India but we have plans to extend it to the Indian subcontinent by 2015,” Modi said.
The company plans to promote the new collection through social media. On network expansion, he said Modi-Revlon plans to open 100 standalone Revlon stores in the next three years.
The stores will be primarily located in malls across the country providing the consumers direct and easy access.
At present, there are four standalone Revlon stores in the country. (PTI)
Egypt PM rejects public outrage against fuel price hike
CAIRO, July 6: Egyptian Prime Minister Ibrahim Mahlab has rejected public outrage against the recent hike in fuel prices and asked them to accept the decision.
Mahlab said this yesterday during a phone interview with “90 Minutes program” on el-Mehwar TV channel.
“This raise in prices is a hard way but Egypt should go through it, especially after debt accumulation”, he said.
The commuters had blocked the roads and bickered with public transport drivers soon after the announcement of fuel price hike.
The Egyptian government raised the fuel prices by upto 78 per cent on Friday midnight to tackle a bloated subsidy system.
The decision, which raised the public outrage came as an attempt to reduce 240 billion Egyptian pounds (USD 33.5) billion national budget deficit.
The new increase in fuel prices ranged from 0.40 Egyptian pounds (USD 0.06) to 0.75 Egyptian pounds per litre.
The price of 92 octane gasoline, which used to be sold at 1.85 Egyptian pounds per litre, was raised to 2.6 Egyptian pounds per litre and 80 octane gas from 0.9 Egyptian pounds per litre to 1.6 Egyptian pounds per litre
The price of diesel was raised from 1.1 Egyptian pounds to 1.8 Egyptian pounds per litre, reported Youm 7 website.
Meanwhile, Cairo Governor Galal Mostafa al-Said yesterday approved a 15 to 20 per cent increase in the Cairo public transportation fees.
“There will be continuous monitoring of the new fee,” Said was quoted as saying by the state-run MENA news agency.
He also said the white Cairo taxis fees will be increased to 3 Egyptian pounds instead of 2.50 Egyptian pounds as the starting fee and 1.40 Egyptian pounds for every kilometre instead of the current 1.25 Egyptian pounds.
On the first Friday after being inaugurated in June as Egypt’s president, Abdel Fatah el-Sisi appeared on the TV with sportive clothes calling on people to ride motorcycles when going to work or school in order to save money and energy.
Several photos of him riding a motorcycle with hundred of motorcyclists went viral on social media sites.
Many activists who were unhappy with this decision posted many caricatures, photos and statues on social media sites to express their opposition. (PTI)
Monday July 07-2014
Aries : A new acquaintance will make you feel happy today. You must remember that things don’t have to be expressed explicitly; a word or a song from deep within can make a bigger impact. Ganesha says today is the right time to do something which will be more rewarding in the long-term.
Taurus : This day you will be inclined to act tough and pick up a fight with everyone whom you are likely to encounter, warns Ganesha Those who know you well will be at a loss to make anything out of your belligerent attitude and may not be able to keep up with you for too long. You’ll simply be making a lot of enemies, alienating a lot of good friends. From the outset, get into a cool, composed frame of mind. Act maturely and pragmatically. Don’t ruin your day.
Gemini : You will feel the need to pursue your passions today. You will give more time to your family and will spend as much time as possible with your children and will bestow your love and affection on them. You will be in an imaginative and romantic mood today. You need to harness your creativity into creating opportunities for yourself, says Ganesha.
Cancer : Sometimes acting a little eccentric and adopting an approach that you will usually not helps you redefine your style, says Ganesha. Go ahead and do that today! Although you will be open to adapt and bring in some revolutionary changes, you will make sure to follow a proper pattern. Thinking out-of-the-box will allow you give an impetus to your current projects. As the day descends, head back home to calm down and refresh yourself.
Leo : Financial gains will make you happy today. You will have the opportunity to participate in social functions. All your work will get completed as per schedule. You will be able to channel your energy effectively, says Ganesha.
Virgo : You are born with a talent for business. Your organisational skills too are flawless. Ganesha advises you to use all your creativity, innovative ideas and ability to motivate others to make progress in your business. Ganesha says you may freely express yourself and make full use of your sharp judgement.
Libra : Ganesha says you will be more aware about your beauty and outward appearance and try to enhance it by going to a beauty parlor. You will spend most of your time looking after your external beauty. Due to this you will not be able to pay attention to anything else other than your looks.
Scorpio : You go on a shopping spree and that too with your beloved. This may be quite therapeutic for your for your relationship. You may be just happy to use your bargaining skills to the optimum. Spending lavishly, first on shopping and then on sumptuous dinner to treat your taste buds. What more one wants in life!
Sagittarius : Someone from the opposite sex is likely to get attracted towards you. Enjoy being in the limelight. Today, you main activity becomes hanging around with friends and cherishing their company.
Capricorn : Pain and fun, both are the two sides of a coin and today, you will experience both of them in equal amount. You may have to slog yourself to earn money, but be careful and don’t drain yourself out, advises Ganesha. You will get what you have wished for, however, you need not try your luck too much. Spend money for the happiness of others.
Aquarius : You will receive some good news today. Whatever has been in the pipe line may come out in the open and you’ll see the desired output, feels Ganesha. Courageous and patient, you can deal with the toughest of challenges with an ease and Ganesha gives a pat on your back for that. It will be a good day for people associated with Stock Market and finance.
Pisces : Your day today will be like a tug-of-war competition. Try to come out on top in this competition. Ganesha advices you not to underestimate your enemies. It is advisable to find a solution or avoid conflict so that you don’t need to waste your energy in this.
Finance and Commerce Ministries to soon join Twitter
NEW DELHI, July 6: Important ministries like Finance and Commerce will soon join Twitter as part of government’s effort to use social media in communicating with citizens.
The microblogging site, which has about 18 million users in India, is engaging with the government to help various ministries use the platform to connect with the masses.
“We are delighted that Twitter has become a choice of communication for the government. Twitter is one of the most democratic methods of communication… Commerce and Finance Ministries will have a presence on Twitter soon,” Twitter India Head (News, Politics and Government) Raheel Khursheed told PTI.
Prime Minister Narendra Modi has successfully used social media like Twitter and Facebook during his campaign for the Lok Sabha election earlier this year.
Since assuming office, various ministries and government offices, including the PMO, have joined the Twitter bandwagon.
Modi is also the third most followed world leader on Twitter, next only to US President Barack Obama and the Pope. He has over 5.09 million followers on the website.
On Facebook too, he is the second most popular politician in the world with over 18.9 million likes on his official page.
“The PM is on Twitter, personally as well as through PMO. Many other ministries and ministers have similar presence. Its important that the government is tuned into the platform and understands the potential of real-time reaction,” Khurshid said.
He added that medium is public and conversational, which is an advantage.
Modi, who describes himself as an avid user of social media, had said on his Facebook page that “a platform such as Facebook can be used for governance and better interaction between the people and governments.”
On Twitter’s engagement, Khursheed said it is working actively with the government, providing them “data- driven recommendations” to help them function better on the site.
“We worked closely with the government to ensure that Cabinet is well represented in a media-rich way,” he said, adding that Twitter was working with parties across the country.
“It has been a busy year for us and first two quarters have been fantastic in terms of engagement and partnerships. And we hope it will continue to grow,” he said. (PTI)
‘Union Budget, IIP data, Infosys results to drive stock mkts’
NEW DELHI, July 6: In an eventful week ahead, stock markets would take cues from a host of important triggers, including the Union Budget for 2014-15, industrial production data and quarterly earnings from Infosys, say experts.
The week also marks the beginning of the Q1 June quarter corporate earnings season, with Infosys announcing its result on July 11.
Industrial production data for May will come out on Friday.
Marketmen said that majorly investors, be it domestic or global, are eyeing the Union Budget for 2014-15 on July 10.
A day before the budget, the Finance Ministry will table the Economic Survey for 2013-14.
Railway Minister Sadananda Gowda will present the Rail Budget for 2014-15 on Tuesday.
“Expectations that the FM will announce measures in the Budget aimed at bolstering economic growth may keep stock prices firm ahead of the Budget announcement on July 10,” said Jayant Manglik, President-retail distribution, Religare Securities Limited.
Considering the events, volatility will tend to remain quite high hence one should opt for strict risk management rules, he added.
Experts said that as the Modi government gears up to table its maiden budget, hopes of market participants are pinned on a major pre-budget rally based on the government’s rhetoric on reforms and growth.
“As far as expectations are concerned from the capital market post the budget, no big bang is expected but certainly the stock market should look north specifically infra, health and defence sectors,” said Praveen Nigam, MD, Amplus Consulting.
Progress of monsoon will also be watched by market participants.
“We believe the benchmarks would continue their positive move on Monday as well,” Manglik added.
Markets last week climbed to a new peak on hopes of strong economic reforms in the first budget under the Narendra Modi government.
The BSE benchmark Sensex touched an all-time high of 25,999.08 before ending at 25,962.06, showing a sharp gain of 862.14 points or 3.43 per cent during the last week. (PTI)