Benchmark indices extended early losses and lurched lower at the closing bell on Thursday as a gloomy outlook for the domestic economy and US-China trade war kept investors away from riskier equities.

The government has announced a string of measures to boost the economy and relaxed rules for foreign direct investment in digital media, coal mining and retail.

But these macroeconomic policy moves have failed to uplift market sentiment.

The BSE S&amp;P Sensex closed 373 points or 1 per cent lower at 37,069 while the Nifty 50 edged lower by 98 points to 10,948.

At the National Stock Exchange, most sectoral indices were in the red with Nifty PSU bank down by 2.5 per cent, financial services by 1.8 per cent, private bank by 1.5 per cent and auto by 0.4 per cent.

Among stocks, private lender Yes Bank dropped by 3.3 per cent to close at Rs 57.50 per share after Moody's Investors Service downgraded its long-term foreign-currency issuer rating to Ba3 from Ba1.

Kotak Mahindra and Axis Bank slipped by 2.2 per cent each while ICICI Bank edged lower by 1.6 per cent.

Government-owned State Bank of India suffered a 3.3 per cent fall and closed at Rs 275.50 per share.

The other prominent losers were HDFC, ITC, Reliance Industries, Mahindra &amp; Mahindra and Tata Motors.However, Sun Pharma, Bharti Infratel, JSW Steel, Vedanta and Coal India were in the positive zone with gains ranging between 2.5 and 5 per cent.

CG Power and Industrial Solutions gained by 4.74 per cent to close at Rs 9.95 per share after its board of directors resolved to remove Gautam Thapar as the chairman with immediate effect.

Meanwhile, Asian shares edged lower as global recession worries from intensifying US-China frictions and signals of a no-deal Brexit drove investors to safer harbours.

MSCI's broadest index of Asia Pacific shares outside Japan fell 0.38 per cent. South Korea's KOSPI index lowered by 0.4 per cent, Chinese shares dipped by 0.1 per cent while Japan's Nikkei shed 0.09 per cent.&nbsp;

 
&nbsp;

Benchmark indices extended early losses and lurched lower at the closing bell on Thursday as a gloomy outlook for the domestic economy and US-China trade war kept investors away from riskier equities.

Benchmark indices extended early losses and lurched lower at the closing bell on Thursday as a gloomy outlook for the domestic economy and US-China trade war kept investors away from riskier equities. The government has announced a string of measures to boost the economy and relaxed rules for foreign direct investment in digital media, coal mining and retail. But these macroeconomic policy moves have failed to uplift market sentiment. The BSE S&P Sensex closed 373 points or 1 per cent lower at 37,069 while the Nifty 50 edged lower by 98 points to 10,948. At the National Stock Exchange, most sectoral indices were in the red with Nifty PSU bank down by 2.5 per cent, financial services by 1.8 per cent, private bank by 1.5 per cent and auto by 0.4 per cent. Among stocks, private lender Yes Bank dropped by 3.3 per cent to close at Rs 57.50 per share after Moody's Investors Service downgraded its long-term foreign-currency issuer rating to Ba3 from Ba1. Kotak Mahindra and Axis Bank slipped by 2.2 per cent each while ICICI Bank edged lower by 1.6 per cent. Government-owned State Bank of India suffered a 3.3 per cent fall and closed at Rs 275.50 per share. The other prominent losers were HDFC, ITC, Reliance Industries, Mahindra & Mahindra and Tata Motors.However, Sun Pharma, Bharti Infratel, JSW Steel, Vedanta and Coal India were in the positive zone with gains ranging between 2.5 and 5 per cent. CG Power and Industrial Solutions gained by 4.74 per cent to close at Rs 9.95 per share after its board of directors resolved to remove Gautam Thapar as the chairman with immediate effect. Meanwhile, Asian shares edged lower as global recession worries from intensifying US-China frictions and signals of a no-deal Brexit drove investors to safer harbours. MSCI's broadest index of Asia Pacific shares outside Japan fell 0.38 per cent. South Korea's KOSPI index lowered by 0.4 per cent, Chinese shares dipped by 0.1 per cent while Japan's Nikkei shed 0.09 per cent.

Sensex falls by 383 points, Nifty closes at 10,948 as bank stocks underperform

Union Civil Aviation Minister Hardeep Singh Puri on Thursday said that the government is determined to privatise Air India and people are interested in buying it.

"The government's determination to privatise Air India is a given. We have to get the best possible deal and get it in the shortest time available. People are very much interested in acquiring Air India," said Puri.

"Procedure involved in the formation of an alternate mechanism, a Group of Ministers (GoM) headed by Union Home Minister Amit Shah has been formed. A meeting at Cabinet Secretariat level has also taken place," he added.

"Total privatisation will be done in the shortest possible time and with the best deal. People are keen on acquiring Air India because it is a first rate airline. Whoever acquires Air India will be very fortunate and will be able to run it according to strong private sector principles," said Puri.

The Parliament on August 3 passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2019, that increases the threshold of annual passenger traffic for major airports to over 35 lakh with Civil Aviation stating that the government was committed to privatisation of Air India as its debt has become totally unsustainable.

The Bill, which seeks to amend the Airports Economic Regulatory Authority of India Act, 2008, had earlier been passed by Rajya Sabha.&nbsp;

Union Civil Aviation Minister Hardeep Singh Puri on Thursday said that the government is determined to privatise Air India and people are interested in buying it.

Union Civil Aviation Minister Hardeep Singh Puri on Thursday said that the government is determined to privatise Air India and people are interested in buying it. "The government's determination to privatise Air India is a given. We have to get the best possible deal and get it in the shortest time available. People are very much interested in acquiring Air India," said Puri. "Procedure involved in the formation of an alternate mechanism, a Group of Ministers (GoM) headed by Union Home Minister Amit Shah has been formed. A meeting at Cabinet Secretariat level has also taken place," he added. "Total privatisation will be done in the shortest possible time and with the best deal. People are keen on acquiring Air India because it is a first rate airline. Whoever acquires Air India will be very fortunate and will be able to run it according to strong private sector principles," said Puri. The Parliament on August 3 passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2019, that increases the threshold of annual passenger traffic for major airports to over 35 lakh with Civil Aviation stating that the government was committed to privatisation of Air India as its debt has become totally unsustainable. The Bill, which seeks to amend the Airports Economic Regulatory Authority of India Act, 2008, had earlier been passed by Rajya Sabha.

Government is determined to privatise Air India: Union Civil Aviation Minister

Indrani Mukerjea, who recently turned approver in the INX Media case in which former Union finance minister P Chidambaram is an accused, on Thursday showed exuberance over latter's arrest.

"It is good news that P Chidambaram has been arrested," she told the media persons outside the Mumbai's Sessions Court, where she was produced in connection with the murder case of her daughter - Sheena Bora.

The Central Bureau of Investigation (CBI) had earlier submitted that it has come across evidence in the form of conversations which only Indrani, the former head of INX Media, is privy to, which will help consolidate the case.

Chidambaram, who was arrested on August 21, will be in CBI custody till August 31 in a money laundering case filed by the agency in connection with the INX media scam.

In 2017, the CBI had registered an FIR alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of Rs 305 crore in 2007 when Chidambaram was the Union finance minister. Following the FIR filed by CBI, ED had filed a case of money laundering against him.&nbsp;

Indrani Mukerjea, who recently turned approver in the INX Media case in which former Union finance minister P Chidambaram is an accused, on Thursday showed exuberance over latter's arrest.

Indrani Mukerjea, who recently turned approver in the INX Media case in which former Union finance minister P Chidambaram is an accused, on Thursday showed exuberance over latter's arrest. "It is good news that P Chidambaram has been arrested," she told the media persons outside the Mumbai's Sessions Court, where she was produced in connection with the murder case of her daughter - Sheena Bora. The Central Bureau of Investigation (CBI) had earlier submitted that it has come across evidence in the form of conversations which only Indrani, the former head of INX Media, is privy to, which will help consolidate the case. Chidambaram, who was arrested on August 21, will be in CBI custody till August 31 in a money laundering case filed by the agency in connection with the INX media scam. In 2017, the CBI had registered an FIR alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance given to INX Media to the tune of Rs 305 crore in 2007 when Chidambaram was the Union finance minister. Following the FIR filed by CBI, ED had filed a case of money laundering against him.

INX Media case: It is good news, Indrani Mukerjea on P Chidambaram's arrest

Serena Williams says it's important to have "rough, rowdy matches" after she survived a second round US&nbsp;Open scare on Arthur Ashe Stadium court on Wednesday (August 28).

Having gone a set down against American teenager Caty McNally, the six-time champion rallied to take the match 5-7 6-3 6-1 and set up a third round clash against either 29th seed Su-Wei Hsieh or Karolina Muchova

Novak Djokovic meanwhile, required on-court treatment for his left shoulder in between the first and second sets during a tough 6-4 7-6 6-1 win over Argentina's Juan Ignacio Londero.

The defending champion, in search of a 17th grand slam, admitted afterwards that he was unsure if he would be able to finish the match and that the shoulder niggle had been bothering him for a "couple of weeks".

Up next for Djokovic is a third round meeting against either fellow Serbian Dusan Lajovic or American Denis Kudla

Roger Federer is prepared to champion the cause of lower-ranked players on the ATP Tour and said that he would fight to ensure a bigger share of the prize pot for them in future.

Speaking after a 3-6 6-2 6-3 6-4 win over Bosnian Damir Dzumhur, Federer said the prize money for players at the top of the sport had improved significantly since he began playing but that was not the case at the other end of the spectrum.

Having been elected to the ATP Player Council with Rafael Nadal this month, Federer said a higher percentage of revenues from ATP tournaments could be used to improve the earnings of players who fail to make it to the main draw.

Players on the Challenger Tour and the Grand Slam qualifiers often struggle to sustain their careers due to a lack of steady sponsorship as well as high expenses for coaching, travel and accommodation - something Federer hopes does not lead to promising players fading away due to financial constraints.

Serena Williams says it's important to have "rough, rowdy matches" after she survived a second round US Open scare on Arthur Ashe Stadium court on Wednesday (August 28).

Serena Williams says it's important to have "rough, rowdy matches" after she survived a second round US Open scare on Arthur Ashe Stadium court on Wednesday (August 28). Having gone a set down against American teenager Caty McNally, the six-time champion rallied to take the match 5-7 6-3 6-1 and set up a third round clash against either 29th seed Su-Wei Hsieh or Karolina Muchova Novak Djokovic meanwhile, required on-court treatment for his left shoulder in between the first and second sets during a tough 6-4 7-6 6-1 win over Argentina's Juan Ignacio Londero. The defending champion, in search of a 17th grand slam, admitted afterwards that he was unsure if he would be able to finish the match and that the shoulder niggle had been bothering him for a "couple of weeks". Up next for Djokovic is a third round meeting against either fellow Serbian Dusan Lajovic or American Denis Kudla Roger Federer is prepared to champion the cause of lower-ranked players on the ATP Tour and said that he would fight to ensure a bigger share of the prize pot for them in future. Speaking after a 3-6 6-2 6-3 6-4 win over Bosnian Damir Dzumhur, Federer said the prize money for players at the top of the sport had improved significantly since he began playing but that was not the case at the other end of the spectrum. Having been elected to the ATP Player Council with Rafael Nadal this month, Federer said a higher percentage of revenues from ATP tournaments could be used to improve the earnings of players who fail to make it to the main draw. Players on the Challenger Tour and the Grand Slam qualifiers often struggle to sustain their careers due to a lack of steady sponsorship as well as high expenses for coaching, travel and accommodation - something Federer hopes does not lead to promising players fading away due to financial constraints.

Important to have 'rough, rowdy matches' says Serena Williams after second round win

The India Meteorological Department (IMD) has predicted that isolated places over Saurashtra and Kutch are likely to receive heavy rainfall on Wednesday.

The weather organisation also predicted heavy downpour over Rajasthan, Andaman and Nicobar Islands, Gujarat region, central Maharashtra, Konkan and Goa.

"Heavy Rainfall at Coastal and South Interior Karnataka, Tamil Nadu, Puducherry, Karaikal, Kerala and Mahe," the IMD stated in its All India Weather Warning Bulletin.

Thunderstorm accompanied by lightning very likely at isolated places over Sub-Himalayan West Bengal, Sikkim, Assam, Meghalaya, Nagaland, Manipur, Mizoram and Tripura.

Strong winds, speed reaching 45-55 kmph, are very likely to prevail over the southwest Arabian Sea off Somalia coast, the west-central Arabian Sea and the central Bay of Bengal. The organisation has also advised fishermen not to venture into these areas for the next few days.

 
&nbsp;

The India Meteorological Department (IMD) has predicted that isolated places over Saurashtra and Kutch are likely to receive heavy rainfall on Wednesday. The weather organisation also predicted heavy downpour over Rajasthan, Andaman and Nicobar Islands, Gujarat region, central Maharashtra, Konkan and Goa.

The India Meteorological Department (IMD) has predicted that isolated places over Saurashtra and Kutch are likely to receive heavy rainfall on Wednesday. The weather organisation also predicted heavy downpour over Rajasthan, Andaman and Nicobar Islands, Gujarat region, central Maharashtra, Konkan and Goa. "Heavy Rainfall at Coastal and South Interior Karnataka, Tamil Nadu, Puducherry, Karaikal, Kerala and Mahe," the IMD stated in its All India Weather Warning Bulletin. Thunderstorm accompanied by lightning very likely at isolated places over Sub-Himalayan West Bengal, Sikkim, Assam, Meghalaya, Nagaland, Manipur, Mizoram and Tripura. Strong winds, speed reaching 45-55 kmph, are very likely to prevail over the southwest Arabian Sea off Somalia coast, the west-central Arabian Sea and the central Bay of Bengal. The organisation has also advised fishermen not to venture into these areas for the next few days.

IMD issues heavy rain alert for Saurashtra and Kutch

Russia on Wednesday supported India on the <a href="https://www.wionews.com/india-news/article-370-abrogation-supreme-court-review-petitions-in-october-notice-sent-to-centre-246156">abrogation of Article 370</a> in Jammu and Kashmir and called it a sovereign and internal matter.&nbsp;

Russian Ambassador Nikolay Kudashev stated that the abrogation is a sovereign decision of the Indian Government.&nbsp;

"All matters between India and Pakistan can be resolved through the Simla agreement. It is an internal matter of India," he said.&nbsp;

Deputy Ambassador Roman Bushkin said, "it is the concern of the international community of growing importance of disarmament".

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Russian envoy to India Nikolay Kudashev, speaking to reporters in Delhi, today reiterated Moscow's stance on Kashmir &amp; said abrogation of article 370 is India's internal matter
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Calling India a "responsible player," Bushkin said any escalation of tensions between India and Pakistan is a concern.&nbsp;

"We would prefer more dialogue between the two nations. India has no first use doctrine. Dialogue must be streamlined as per the mutually accepted condition," Bushkin added.&nbsp;

Meanwhile, the Supreme Court on Wednesday heard petitions challenging Central government’s decision to&nbsp;abrogate Article 370&nbsp;and referred the matter to a 5-judge constitution bench. The matter has now been posted for review in October.&nbsp;

The top court has also issued notices to the Centre and state seeking their response on the issue.&nbsp;&nbsp;

Over 10 petitions were filed in the top court related to the recent developments in the Kashmir Valley.&nbsp;

Russia on Wednesday supported India on the abrogation of Article 370 in Jammu and Kashmir and called it a sovereign and internal matter. Russian Ambassador Nikolay Kudashev stated that the abrogation is a sovereign decision of the Indian Government.

Russia on Wednesday supported India on the abrogation of Article 370 in Jammu and Kashmir and called it a sovereign and internal matter. Russian Ambassador Nikolay Kudashev stated that the abrogation is a sovereign decision of the Indian Government. "All matters between India and Pakistan can be resolved through the Simla agreement. It is an internal matter of India," he said. Deputy Ambassador Roman Bushkin said, "it is the concern of the international community of growing importance of disarmament". Russian envoy to India Nikolay Kudashev, speaking to reporters in Delhi, today reiterated Moscow's stance on Kashmir & said abrogation of article 370 is India's internal matter — Sidhant Sibal (@sidhant) August 28, 2019 × Calling India a "responsible player," Bushkin said any escalation of tensions between India and Pakistan is a concern. "We would prefer more dialogue between the two nations. India has no first use doctrine. Dialogue must be streamlined as per the mutually accepted condition," Bushkin added. Meanwhile, the Supreme Court on Wednesday heard petitions challenging Central government’s decision to abrogate Article 370 and referred the matter to a 5-judge constitution bench. The matter has now been posted for review in October. The top court has also issued notices to the Centre and state seeking their response on the issue. Over 10 petitions were filed in the top court related to the recent developments in the Kashmir Valley.

Article 370 abrogation: Russia supports India, says 'matter should be resolved through Simla accord'

<a href="https://www.wionews.com/world/iran-foreign-minister-zarif-looks-forward-to-discussions-with-his-japanese-counterpart-245991">Iranian Foreign Minister Mohammad Javad Zarif</a> said the prospects for such a meeting were "unimaginable" even if the United States rejoins a landmark nuclear deal with Iran.

President Hassan Rouhani on Tuesday told the United States to "<a href="https://www.wionews.com/world/iran-president-hassan-rouhani-tells-us-to-take-first-step-by-lifting-all-sanctions-245908">take the first step</a>" by lifting all sanctions against Iran, dampening down the likelihood of meeting US counterpart Donald Trump.

Trump had said less than 24 hours earlier he was ready to meet with Rouhani within weeks, in a potential breakthrough reached during a G7 summit in the French seaside resort of Biarritz.

Iran's economy has been battered by US sanctions imposed since Trump in May last year unilaterally withdrew from the 2015 nuclear deal between the Islamic republic and world powers.

"You must retreat from all illegal, unjust and wrong sanctions against the nation of Iran," Rouhani said.

"The key for positive change is in the hands of Washington," he said, because Iran had already ruled out ever doing what worries the US the most -- building an atomic bomb.

"This concern has already been removed" through a fatwa issued in 2003 by supreme leader Ayatollah Ali Khamenei, he added.

"We don't (intend to) make an atomic bomb... our military doctrine is based on conventional arms," said Rouhani.

"So take the first step. Without this step, this lock will not be unlocked."

Meeting 'unimaginable'

In Biarritz, French President Emmanuel Macron had said the "conditions for a meeting" between Trump and Rouhani "in the next few weeks" had been created through intensive diplomacy.

Trump said he "would certainly agree to that" and that the timeline proposed by Macron was realistic.

The US leader was equally confident that Rouhani would be in favour.

"I think he's going to want to meet. I think Iran wants to get this situation straightened out," he added.

News of the potential meeting was welcomed by financial markets.

"Expectations are ... rising that tensions in the Gulf can be de-escalated following President Macron's overtures to broker a meeting between Donald Trump and his Iranian counterpart," noted AxiTrader analyst James Hughes.

The rial was higher at about 112,000 to the dollar, up from 117,500 a week ago under the unofficial rate in Iran's capital, according to the Bonbast website that monitors exchange rates.

But Zarif said Tuesday he had made it known at the G7 summit that a meeting between Rouhani and Trump would be highly improbable even if the Americans returned to the nuclear deal.

"On my trip to Biarritz I said that a meeting between Iran's president and Trump is not imaginable" until America rejoins the nuclear pact, said Zarif.

"Even at that time, we will not have a bilateral negotiation," he added.

No photo opportunity

Rouhani has indicated he is open to holding talks with the Americans, but it is an approach that has faced criticism from ultra-conservatives.

In his speech Tuesday, he said his government's policy of "constructive interaction" with the world was in line with Khamenei's approach of "extensive interaction".

But he stressed the US had to "retreat from their mistakes" and return to its commitments under the nuclear deal.

"Our path is clear if they come back to their commitments, we too will fully act on our commitments. If they do not come back to their commitments, we will continue our path," said Rouhani.

But the Iranian president said he was not just looking for photo opportunities.

"We seek to resolve issues and problems in a rational way but we are not after photos. For anyone wanting to take a picture with Hassan Rouhani, this is not possible," he said.

People on Tehran's streets expressed doubts over the possible benefits of any meeting between Rouhani and Trump.

"I believe there's no point in negotiating with America," said Valiollah Tavakoli, a self-employed man from the capital, adding there was little to show from the nuclear talks.

"People's situation got worse and worse every day. So as the supreme leader said, negotiation with America is useless."

The possible meeting between Rouhani and Trump was blasted as a photo opportunity Tuesday on the front page of the Javan newspaper close to Iran's Revolutionary Guards.

Both Rouhani and Trump are scheduled to be in New York for the UN General Assembly at the end of September which could provide a stage for talks.

Iranian Foreign Minister Mohammad Javad Zarif said the prospects for such a meeting were "unimaginable" even if the United States rejoins a landmark nuclear deal with Iran.

Iranian Foreign Minister Mohammad Javad Zarif said the prospects for such a meeting were "unimaginable" even if the United States rejoins a landmark nuclear deal with Iran. President Hassan Rouhani on Tuesday told the United States to "take the first step" by lifting all sanctions against Iran, dampening down the likelihood of meeting US counterpart Donald Trump. Trump had said less than 24 hours earlier he was ready to meet with Rouhani within weeks, in a potential breakthrough reached during a G7 summit in the French seaside resort of Biarritz. Iran's economy has been battered by US sanctions imposed since Trump in May last year unilaterally withdrew from the 2015 nuclear deal between the Islamic republic and world powers. "You must retreat from all illegal, unjust and wrong sanctions against the nation of Iran," Rouhani said. "The key for positive change is in the hands of Washington," he said, because Iran had already ruled out ever doing what worries the US the most -- building an atomic bomb. "This concern has already been removed" through a fatwa issued in 2003 by supreme leader Ayatollah Ali Khamenei, he added. "We don't (intend to) make an atomic bomb... our military doctrine is based on conventional arms," said Rouhani. "So take the first step. Without this step, this lock will not be unlocked." Meeting 'unimaginable' In Biarritz, French President Emmanuel Macron had said the "conditions for a meeting" between Trump and Rouhani "in the next few weeks" had been created through intensive diplomacy. Trump said he "would certainly agree to that" and that the timeline proposed by Macron was realistic. The US leader was equally confident that Rouhani would be in favour. "I think he's going to want to meet. I think Iran wants to get this situation straightened out," he added. News of the potential meeting was welcomed by financial markets. "Expectations are ... rising that tensions in the Gulf can be de-escalated following President Macron's overtures to broker a meeting between Donald Trump and his Iranian counterpart," noted AxiTrader analyst James Hughes. The rial was higher at about 112,000 to the dollar, up from 117,500 a week ago under the unofficial rate in Iran's capital, according to the Bonbast website that monitors exchange rates. But Zarif said Tuesday he had made it known at the G7 summit that a meeting between Rouhani and Trump would be highly improbable even if the Americans returned to the nuclear deal. "On my trip to Biarritz I said that a meeting between Iran's president and Trump is not imaginable" until America rejoins the nuclear pact, said Zarif. "Even at that time, we will not have a bilateral negotiation," he added. No photo opportunity Rouhani has indicated he is open to holding talks with the Americans, but it is an approach that has faced criticism from ultra-conservatives. In his speech Tuesday, he said his government's policy of "constructive interaction" with the world was in line with Khamenei's approach of "extensive interaction". But he stressed the US had to "retreat from their mistakes" and return to its commitments under the nuclear deal. "Our path is clear if they come back to their commitments, we too will fully act on our commitments. If they do not come back to their commitments, we will continue our path," said Rouhani. But the Iranian president said he was not just looking for photo opportunities. "We seek to resolve issues and problems in a rational way but we are not after photos. For anyone wanting to take a picture with Hassan Rouhani, this is not possible," he said. People on Tehran's streets expressed doubts over the possible benefits of any meeting between Rouhani and Trump. "I believe there's no point in negotiating with America," said Valiollah Tavakoli, a self-employed man from the capital, adding there was little to show from the nuclear talks. "People's situation got worse and worse every day. So as the supreme leader said, negotiation with America is useless." The possible meeting between Rouhani and Trump was blasted as a photo opportunity Tuesday on the front page of the Javan newspaper close to Iran's Revolutionary Guards. Both Rouhani and Trump are scheduled to be in New York for the UN General Assembly at the end of September which could provide a stage for talks.

'Unimaginable!' says Javad Zarif as Iran dampens down prospect of Trump-Rouhani meeting

The Union Minister for Youth Affairs and Sports, Kiren Rijiju has said that <a href="https://www.wionews.com/sports/ddca-to-rename-feroz-shah-kotla-as-arun-jaitley-stadium-246017">Delhi and District Cricket Association (DDCA</a>) have taken the right decision of renaming the Feroz Shah Kotla Stadium as Arun Jaitley Stadium.

"Indian cricket and Delhi cricket have been closely associated with Arun Jaitley. As a sports minister, I would like to say that DDCA has taken the right decision by deciding to rename Feroz Shah Kotla to Arun Jaitley Stadium. I will go to the program which will be arranged and it will be the right tribute to Arun Jaitley," Rijiju told ANI.

DDCA on Tuesday announced that the renaming of the stadium will be done on September 12.

The former Union Minister who passed away on August 24, was appointed as the chief of Delhi's cricket body in 1999 and he held the post for 13 years.

Rijiju also met shuttler PV Sindhu on Tuesday as she returned after a winning stint at the BWF World Championships.

The Sports Ministry awarded Sindhu with Rs 10 lakhs as she became the first Indian to win gold at the championship.

"We have felicitated everyone who have returned from the BWF World Championships. This was the first time, that we had the cheques ready before the players arrived in Delhi. I believe the government should help players in every way possible," Rijiju said.

"PV Sindhu was also awarded 10 lakhs, Sai Praneeth was given four lakhs for winning a bronze medal in BWF World Championships," he added.

Rijiju had also handed over cheques worth Rs 1.82 crores to para-badminton world championship winners.

The gold medal winners got Rs 20 lakh each while silver and bronze medallist took home Rs 14 lakh and Rs 8 lakh respectively.

Winners in doubles events were given Rs 15 lakh each for gold, Rs 10.5 lakh each for silver and Rs 6 lakh each for bronze.

"Para-Athletes who have returned from badminton championships have also been awarded. Players winning gold have been awarded 20 lakhs, players who have won gold in the doubles event, have been awarded 15 lakhs each," Rijiju said.

"All the para-athletes were very happy. The Narendra Modi-government is adamant on working hard and we will encourage every athlete in the country," he added.&nbsp; 
&nbsp;

The Union Minister for Youth Affairs and Sports, Kiren Rijiju has said that Delhi and District Cricket Association (DDCA) have taken the right decision of renaming the Feroz Shah Kotla Stadium as Arun Jaitley Stadium.

The Union Minister for Youth Affairs and Sports, Kiren Rijiju has said that Delhi and District Cricket Association (DDCA) have taken the right decision of renaming the Feroz Shah Kotla Stadium as Arun Jaitley Stadium. "Indian cricket and Delhi cricket have been closely associated with Arun Jaitley. As a sports minister, I would like to say that DDCA has taken the right decision by deciding to rename Feroz Shah Kotla to Arun Jaitley Stadium. I will go to the program which will be arranged and it will be the right tribute to Arun Jaitley," Rijiju told ANI. DDCA on Tuesday announced that the renaming of the stadium will be done on September 12. The former Union Minister who passed away on August 24, was appointed as the chief of Delhi's cricket body in 1999 and he held the post for 13 years. Rijiju also met shuttler PV Sindhu on Tuesday as she returned after a winning stint at the BWF World Championships. The Sports Ministry awarded Sindhu with Rs 10 lakhs as she became the first Indian to win gold at the championship. "We have felicitated everyone who have returned from the BWF World Championships. This was the first time, that we had the cheques ready before the players arrived in Delhi. I believe the government should help players in every way possible," Rijiju said. "PV Sindhu was also awarded 10 lakhs, Sai Praneeth was given four lakhs for winning a bronze medal in BWF World Championships," he added. Rijiju had also handed over cheques worth Rs 1.82 crores to para-badminton world championship winners. The gold medal winners got Rs 20 lakh each while silver and bronze medallist took home Rs 14 lakh and Rs 8 lakh respectively. Winners in doubles events were given Rs 15 lakh each for gold, Rs 10.5 lakh each for silver and Rs 6 lakh each for bronze. "Para-Athletes who have returned from badminton championships have also been awarded. Players winning gold have been awarded 20 lakhs, players who have won gold in the doubles event, have been awarded 15 lakhs each," Rijiju said. "All the para-athletes were very happy. The Narendra Modi-government is adamant on working hard and we will encourage every athlete in the country," he added.

DDCA has taken right decision in renaming Feroz Shah Kotla after Arun Jaitley: Kiren Rijiju

Indian shares were largely unchanged in volatile trading on Wednesday, in line with broader Asia, as worries about a global recession kept investors away from making fresh bets.

The broader NSE Nifty was up 0.01 per cent at 11,108.15 as of 0403 GMT, while the benchmark BSE Sensex was 0.01 per cent lower at 37,637.63.

Regional markets across Asia eked out minor gains, as higher Wall Street futures provided some relief after an overnight US&nbsp;selloff, though deeper worries about the global economy and trade kept a lid on sentiment.

Meanwhile, domestic investors awaited clarity on what steps the Indian government would take to revive an industry wide slowdown.

"Markets have adequately discounted the positive triggers in the last three sessions and now await fresh cues," said Deepak Jasani, senior vice-president at HDFC Securities.

"Currently, we have negative trigger from U, there is no major panic, but domestic markets will wait for fresh major development rather than selling off sharply."

Indian markets have gained on the back of the government's move to scrap a recently announced tax surcharge on foreign and domestic equity investors, speed up capital infusion to state-run banks and on expectations of additional stimulus supported by a huge dividend from the Reserve Bank of India.

Shares of major automaker Tata Motors Ltd gained as much as 3.03 per cent. China on Tuesday said it will ease restrictions on car purchases to help boost consumption.

IDBI Bank Ltd's shares plunged as much as 9.3 per cent. Rating firm S&amp;P Global on Tuesday placed the bank's rating on 'creditwatch negative'&nbsp;for breaching its regulatory capital requirement.

The Nifty metals index fell 1.55 per cent, with shares of Vedanta Ltd declining as much as 1.45 per cent. On Tuesday, Zambia's High Court suspended hearings on the winding up of the miner's local business until the Court of Appeal rules on the lower court's refusal to let the matter go to arbitration.

&nbsp;

Indian shares were largely unchanged in volatile trading on Wednesday, in line with broader Asia, as worries about a global recession kept investors away from making fresh bets.

Indian shares were largely unchanged in volatile trading on Wednesday, in line with broader Asia, as worries about a global recession kept investors away from making fresh bets. The broader NSE Nifty was up 0.01 per cent at 11,108.15 as of 0403 GMT, while the benchmark BSE Sensex was 0.01 per cent lower at 37,637.63. Regional markets across Asia eked out minor gains, as higher Wall Street futures provided some relief after an overnight US selloff, though deeper worries about the global economy and trade kept a lid on sentiment. Meanwhile, domestic investors awaited clarity on what steps the Indian government would take to revive an industry wide slowdown. "Markets have adequately discounted the positive triggers in the last three sessions and now await fresh cues," said Deepak Jasani, senior vice-president at HDFC Securities. "Currently, we have negative trigger from U, there is no major panic, but domestic markets will wait for fresh major development rather than selling off sharply." Indian markets have gained on the back of the government's move to scrap a recently announced tax surcharge on foreign and domestic equity investors, speed up capital infusion to state-run banks and on expectations of additional stimulus supported by a huge dividend from the Reserve Bank of India. Shares of major automaker Tata Motors Ltd gained as much as 3.03 per cent. China on Tuesday said it will ease restrictions on car purchases to help boost consumption. IDBI Bank Ltd's shares plunged as much as 9.3 per cent. Rating firm S&P Global on Tuesday placed the bank's rating on 'creditwatch negative' for breaching its regulatory capital requirement. The Nifty metals index fell 1.55 per cent, with shares of Vedanta Ltd declining as much as 1.45 per cent. On Tuesday, Zambia's High Court suspended hearings on the winding up of the miner's local business until the Court of Appeal rules on the lower court's refusal to let the matter go to arbitration.

Nifty, Sensex nearly flat in volatile trade, US recession fears hurt

SpaceX test-launched an early prototype of the <a href="https://www.wionews.com/world/moving-fast-elon-musks-spacex-eyes-florida-for-launch-site-for-mars-rocket-240489">company's Mars rocket</a> on Tuesday, rattling the nerves of people living near the Texas site and clearing another key hurdle in billionaire entrepreneur Elon Musk's interplanetary ambitions.

The prototype, dubbed Starhopper, slowly rose about 500 feet (152m) off its launch pad in Brownsville, Texas, and propelled itself some 650 feet (198m) eastward onto an adjacent landing platform, completing a seemingly successful low-altitude test of SpaceX’s next-generation Raptor engine.

The Raptor is designed to power Musk’s forthcoming heavy-lift Starship rocket, a reusable two-stage booster taller than the Statue of Liberty that is expected to play a central role in Musk’s interplanetary space travel objectives, including missions to Mars.

The prototype "hopper" vehicle, resembling a chrome water tower with four landing legs, was originally slated for its test liftoff on Monday. But a “rather embarrassing” wiring issue with the single Raptor engine halted the countdown less than a second before ignition, Musk, the SpaceX founder and chief executive, said on Twitter.

About a dozen people living in the adjacent village of Boca Chica, just over a mile from the test site, had been urged in advance by local authorities to vacate their homes as a precaution at the sound of police sirens that blared minutes before launch.

“It almost looked like a cartoon or something,” nearby resident Cheryl Stevens told Reuters just after Starhopper’s flight. “After all the buildup, it was kind of nice to actually see it happen.”

The notices, circulated by sheriff's deputies three days in advance, warned of a possible "overpressure event" that could shatter windows and endanger anyone remaining inside their homes in the event of an explosive malfunction.

Maria Pointer, another resident, set up cameras and invited photographers to her home. She said excitement surrounding the launch reminded her of "feeling like you’re going on a Ferris wheel.”

Other residents bemoaned SpaceX’s presence on the Texas coast, frustrated with road closures and confusing public notices worrisome to those unaccustomed to the trials of spaceflight experimentation.

“It’s kind of like a double-edged sword,” said resident Terry Heaton, adding that access to the nearby beach was blocked off every time SpaceX attempted an engine test.

The next step for Raptor will be to carry out additional ground-based firings of the engine bolted to a stationary test stand, Musk said.

SpaceX test-launched an early prototype of the company's Mars rocket on Tuesday, rattling the nerves of people living near the Texas site and clearing another key hurdle in billionaire entrepreneur Elon Musk's interplanetary ambitions.

SpaceX test-launched an early prototype of the company's Mars rocket on Tuesday, rattling the nerves of people living near the Texas site and clearing another key hurdle in billionaire entrepreneur Elon Musk's interplanetary ambitions. The prototype, dubbed Starhopper, slowly rose about 500 feet (152m) off its launch pad in Brownsville, Texas, and propelled itself some 650 feet (198m) eastward onto an adjacent landing platform, completing a seemingly successful low-altitude test of SpaceX’s next-generation Raptor engine. The Raptor is designed to power Musk’s forthcoming heavy-lift Starship rocket, a reusable two-stage booster taller than the Statue of Liberty that is expected to play a central role in Musk’s interplanetary space travel objectives, including missions to Mars. The prototype "hopper" vehicle, resembling a chrome water tower with four landing legs, was originally slated for its test liftoff on Monday. But a “rather embarrassing” wiring issue with the single Raptor engine halted the countdown less than a second before ignition, Musk, the SpaceX founder and chief executive, said on Twitter. About a dozen people living in the adjacent village of Boca Chica, just over a mile from the test site, had been urged in advance by local authorities to vacate their homes as a precaution at the sound of police sirens that blared minutes before launch. “It almost looked like a cartoon or something,” nearby resident Cheryl Stevens told Reuters just after Starhopper’s flight. “After all the buildup, it was kind of nice to actually see it happen.” The notices, circulated by sheriff's deputies three days in advance, warned of a possible "overpressure event" that could shatter windows and endanger anyone remaining inside their homes in the event of an explosive malfunction. Maria Pointer, another resident, set up cameras and invited photographers to her home. She said excitement surrounding the launch reminded her of "feeling like you’re going on a Ferris wheel.” Other residents bemoaned SpaceX’s presence on the Texas coast, frustrated with road closures and confusing public notices worrisome to those unaccustomed to the trials of spaceflight experimentation. “It’s kind of like a double-edged sword,” said resident Terry Heaton, adding that access to the nearby beach was blocked off every time SpaceX attempted an engine test. The next step for Raptor will be to carry out additional ground-based firings of the engine bolted to a stationary test stand, Musk said.

SpaceX's Mars rocket prototype rattles nerves of nearby residents in Texas flight test

The <a href="https://www.wionews.com/world/19-states-district-of-columbia-sue-trump-administration-over-migrant-detention-245876">Trump administration</a> is shifting $271 million earmarked for disaster aid and cyber security to pay for immigration-related facilities, the US&nbsp;Department of Homeland Security and a leading congressional Democrat said on Tuesday.

The money, which was also set aside for the US&nbsp;Coast Guard, will be used to pay for detention facilities and courts for migrants arriving at the US-Mexico border. DHS officials say they have been overwhelmed by a surge of asylum-seeking migrants fleeing violence and poverty in Central America.

The Trump administration is seeking to circumvent Congress to move money originally designated for other programs. This will allow the administration to continue to house immigrants arriving at the border, part of President Donald Trump's promise not to allow them to await hearings outside of custody.

The administration plans to take $115 million from the Federal Emergency Management Agency's disaster-relief fund just as hurricane season is heating up in the Atlantic Ocean, according to a letter from US&nbsp;Representative Lucille Roybal-Allard, who chairs the congressional panel that oversees Department of Homeland Security (DHS) spending.

Money will be taken for planned upgrades to the National Cybersecurity Protection System and new equipment for the US&nbsp;Coast Guard, the letter said.

DHS said Congress did not provide enough money for US&nbsp;Immigration and Customs Enforcement (ICE) to detain single adults as they wait for their cases to be heard by an immigration judge.

Congress appropriated $2.8 billion to pay for 52,000 beds this year, but ICE is currently detaining more than 55,000 immigrants, a record high, according to agency statistics.

Roybal-Allard said DHS was exceeding its authority to move money around to respond to emergencies.

"Once again, DHS has ignored the negotiated agreement with Congress by vastly exceeding the amount appropriated for immigration enforcement and removal operations," she said in a statement.

House of Representatives Speaker Nancy Pelosi, a Democrat, urged the Trump administration to reconsider the shift in funds.

"Stealing from appropriated funds is always unacceptable, but to pick the pockets of disaster relief funding in order to fund an appalling, inhumane family incarceration plan is staggering - and to do so on the eve of hurricane season is stunningly reckless," Pelosi said in a statement.

FEMA spokeswoman Lizzie Litzow said the funding reduction will not impact readiness efforts or other functions for which the money was earmarked.

Trump has made cracking down on legal and illegal immigration a hallmark of his presidency after campaigning in 2016 on a promise, so far unfulfilled, that Mexico would pay for a border wall to keep migrants from entering the United States.

A record-setting 42,000 families were apprehended along the US&nbsp;southern border in July, more than twice as many as in May.

Last week, DHS unveiled a new rule that would allow officials to detain migrant families indefinitely - abolishing a previous 20-day limit - while judges consider whether to grant them asylum in the United States.

The Trump administration is shifting $271 million earmarked for disaster aid and cyber security to pay for immigration-related facilities, the US Department of Homeland Security and a leading congressional Democrat said on Tuesday.

The Trump administration is shifting $271 million earmarked for disaster aid and cyber security to pay for immigration-related facilities, the US Department of Homeland Security and a leading congressional Democrat said on Tuesday. The money, which was also set aside for the US Coast Guard, will be used to pay for detention facilities and courts for migrants arriving at the US-Mexico border. DHS officials say they have been overwhelmed by a surge of asylum-seeking migrants fleeing violence and poverty in Central America. The Trump administration is seeking to circumvent Congress to move money originally designated for other programs. This will allow the administration to continue to house immigrants arriving at the border, part of President Donald Trump's promise not to allow them to await hearings outside of custody. The administration plans to take $115 million from the Federal Emergency Management Agency's disaster-relief fund just as hurricane season is heating up in the Atlantic Ocean, according to a letter from US Representative Lucille Roybal-Allard, who chairs the congressional panel that oversees Department of Homeland Security (DHS) spending. Money will be taken for planned upgrades to the National Cybersecurity Protection System and new equipment for the US Coast Guard, the letter said. DHS said Congress did not provide enough money for US Immigration and Customs Enforcement (ICE) to detain single adults as they wait for their cases to be heard by an immigration judge. Congress appropriated $2.8 billion to pay for 52,000 beds this year, but ICE is currently detaining more than 55,000 immigrants, a record high, according to agency statistics. Roybal-Allard said DHS was exceeding its authority to move money around to respond to emergencies. "Once again, DHS has ignored the negotiated agreement with Congress by vastly exceeding the amount appropriated for immigration enforcement and removal operations," she said in a statement. House of Representatives Speaker Nancy Pelosi, a Democrat, urged the Trump administration to reconsider the shift in funds. "Stealing from appropriated funds is always unacceptable, but to pick the pockets of disaster relief funding in order to fund an appalling, inhumane family incarceration plan is staggering - and to do so on the eve of hurricane season is stunningly reckless," Pelosi said in a statement. FEMA spokeswoman Lizzie Litzow said the funding reduction will not impact readiness efforts or other functions for which the money was earmarked. Trump has made cracking down on legal and illegal immigration a hallmark of his presidency after campaigning in 2016 on a promise, so far unfulfilled, that Mexico would pay for a border wall to keep migrants from entering the United States. A record-setting 42,000 families were apprehended along the US southern border in July, more than twice as many as in May. Last week, DHS unveiled a new rule that would allow officials to detain migrant families indefinitely - abolishing a previous 20-day limit - while judges consider whether to grant them asylum in the United States.

Trump administration taps disaster, cyber funds to cover immigration

The third lunar bound orbit maneuver for Chandrayaan-2 spacecraft was performed successfully on Wednesday using the onboard propulsion system, ISRO stated.

The lunar bound orbit maneuver began at 9:04 hours (India Standard Time).

The orbit achieved is 179 km x 1412 km, ISRO added.

The space agency stated that all spacecraft parameters are normal and the next lunar bound orbit maneuver is scheduled on August 30 between 6-7 pm.

Chandrayaan-2 will explore a region of the moon where no mission has ever set foot.

The spacecraft consists of an orbiter, a lander, and a rover together referred to as "composite body".

ISRO chief K Sivan had on August 20 announced Chandrayaan-2's successful completion of lunar orbit insertion while stating that the mission would carry out a soft landing on the moon on September 7.

The spacecraft will be the first Indian expedition to attempt a soft landing on the lunar surface.

This mission will make India the fourth country after the US, Russia, and China to carry out a soft landing on the moon.

After revolving around the Earth's orbit for nearly 23 days, the craft began its journey to the moon on August 14.

The mission took off from the Satish Dhawan Space Centre in Sriharikota on July 22.&nbsp; 
&nbsp;

The third lunar bound orbit maneuver for Chandrayaan-2 spacecraft was performed successfully on Wednesday using the onboard propulsion system, ISRO stated. The lunar bound orbit maneuver began at 9:04 hours (India Standard Time).

The third lunar bound orbit maneuver for Chandrayaan-2 spacecraft was performed successfully on Wednesday using the onboard propulsion system, ISRO stated. The lunar bound orbit maneuver began at 9:04 hours (India Standard Time). The orbit achieved is 179 km x 1412 km, ISRO added. The space agency stated that all spacecraft parameters are normal and the next lunar bound orbit maneuver is scheduled on August 30 between 6-7 pm. Chandrayaan-2 will explore a region of the moon where no mission has ever set foot. The spacecraft consists of an orbiter, a lander, and a rover together referred to as "composite body". ISRO chief K Sivan had on August 20 announced Chandrayaan-2's successful completion of lunar orbit insertion while stating that the mission would carry out a soft landing on the moon on September 7. The spacecraft will be the first Indian expedition to attempt a soft landing on the lunar surface. This mission will make India the fourth country after the US, Russia, and China to carry out a soft landing on the moon. After revolving around the Earth's orbit for nearly 23 days, the craft began its journey to the moon on August 14. The mission took off from the Satish Dhawan Space Centre in Sriharikota on July 22.

Third lunar-bound orbit maneuver for Chandrayaan-2 performed successfully: ISRO

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