Bombay Stock Exchange(BSE) benchmark Sensex rose 189 points to reclaim the 30,000-level and NSE Nifty went past 9,350 in early trade today, buoyed by encouraging corporate earnings and a string of government reforms, including NPA resolution and steel policy. The domestic equities also got a boost after the US Federal Reserve kept its policy rate unchanged in its two-day policy review. A proposal to amend Section 35 A of the Banking Regulation Act through the ordinance route was approved by the Cabinet yesterday which led to the recovery.
Security forces today recovered a cache of over a dozen arms and more than 3,000 rounds of ammunition as part of an anti-Naxal operation in Jharkhand's Lohardaga district. Officials said a joint operation was launched by the CRPF and state police in the district after which a light machine gun (LMG), a semi-automatic US made rifle, an AK 47, a self loading rifle (SLR), three INSAS rifles, six other guns and some communication gadgets were seized from a hideout.
The Aam Aadmi Party has suspended its Okhla MLA Amanatullah Khan, who had accused senior party leader Kumar Vishwas of being an "RSS-BJP agent". The suspension is seen as a compromise after Vishwas had threatened to quit the party. In the party's Political Affairs Committee meeting which lasted for three hours at Chief Minister Arvind Kejriwal's residence, a decision was made to give greater responsibility to Vishwas.
Pakistan's electronic media regulator on Wednesday revoked the licences of two television channels after the interior ministry refused to give security clearance to their directors. Pakistan Electronic Media Regulatory Authority (PEMRA) took the action against the Bol channels on which former Pakistan presidents Pervez Musharraf and Asif Ali Zardari used to appear as analysts on weekly shows. The TV channels are owned by Shoaib Sheikh who was arrested for his alleged role in international fake degree scam but later cleared by courts in Pakistan.
Fairfax Media, one of Australia's largest publishers announced massive editorial job cuts. Journalists responded by going on strike for a week in protest. Fairfax said on Wednesday it would cut 125 editorial jobs - a quarter of its newsroom - to absorb slumping revenues. Fairfax's outlets include the Sydney Morning Herald, Melbourne's The Age and the Australian Financial Review.
With inputs from NH Web Desk