Emotional Kejriwal thanks Delhi public for historic win

New Delhi, Feb. 10 - Aam Aadmi Party (AAP) chief Arvind Kejriwal on Tuesday turned emotional as he thanked the people of Delhi for his party's historic win in the assembly polls and vowed to always walk on the path of truth.

Urging all his party MLAs and workers to avoid being arrogant post the win, Kejriwal said, "It's very scary, the kind of support that the people of Delhi have given us. I would like to tell all workers and MLAs don't be arrogant."

"I am sure together with the people we can make Delhi a place of which everyone will be proud. We will always walk the path of truth. We have to get together and serve Delhi. I cannot do anything alone," he added.

He said the people of Delhi have achieved something spectacular through Tuesday's vote count.

Forex kitty high, but may not cushion extreme volatility: RBI

Mumbai: RBI Deputy Governor H R Khan on Tuesday said though the country's forex kitty was at an all time high of USD 330 billion, there should be no complacency as no amount of reserves may be enough to fight extreme volatility.

"Foreign currency reserves have improved. Right now we're at USD 330 billion, highest ever. But there is also a view that no amount of foreign exchange reserves can cushion when there is extreme volatility or external shocks," Khan said, days after weekly data showed an over USD 6 billion jump in forex to an all-time high.

"We are much better placed. In terms of fool proofing our balance sheet we have done quite a few things," Khan said, referring to the jump in reserves.

Domestic car sales up 3% in January

New Delhi: Domestic passenger car sales increased 3.14 per cent to 1,69,300 units in January 2015 as compared with 1,64,149 units in the year-ago month.

PNB raises Rs 1000 crore through long term bonds

New Delhi: Public sector lender Punjab National Bank on Tuesday said it has raised Rs 1,000 crore through long term bonds on private placement basis.

"The bank has raised Rs 1000 crore long term bonds at an annual coupon of 8.23 percent on private placement basis on February 09, 2015, through five arrangers," the company said in a BSE filing.

During the third quarter ended December 31, 2014, the company reported a marginal 2.5 percent increase in net profit to Rs 774.56 crore.

This was against a net profit of Rs 755.41 crore for the October-December quarter of the 2013-14 financial year.

Sensex surges 265 points; Nifty reclaims 8,600-level

Mumbai: After negative opening, the benchmark BSE Sensex bounced back smartly by 264.57 points and Nifty reclaimed 8,600-level on bouts of value buying in most sectors led by banking, auto, consumer durables, metal, power and FMCG in late morning deals.

Positive macro-outlook overlapped the market sentiment and Delhi election results where the Aam Aadmi Party was heading towards a landslide victory in Delhi Assembly polls, a broker said.

Shares from Midcap and SmallCap companies also supported the market gain.

Meanwhile, foreign portfolio investors sold shares worth a net Rs 660.30 crore yesterday, as per provisional data.

The Sensex opened at 28,122.48 and drifted to 28,044.49 before rebounding to a high of 28,522.71, quoting 28,491.96 at 1040hrs.

J Lo no longer shy of being seen in public with ex-beau Casper Smart

Washington, Feb 10 - Jennifer Lopez was recently spotted with former beau Casper Smart at a pre-Grammy party and it seems that she is no longer shy of being spotted with him in public.

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