Raj Thackeray Let Off On Interim Bail

Maharashtra Navnirman Sena leader, Raj Thackeray, was let off on interim bail on Wednesday, after spending a night at the Manpada police station, Thane.

On Tuesday MNS workers were at their boisterous best, destroying property, indulging in arson and wreaking havoc all over the state of Maharashtra. Things calmed down a little on Wednesday when the proceedings shifted to the Kalyan court, where Mr. Thackeray was produced in relation with a case registered at the Kalyan railway police station on October 19. The allegation against him was setting off attacks on North Indian students appearing for a Railway Recruitment Board examination. The court accepted his anticipatory bail application.

Omar Abdullah Sets The Election Campaign Rolling

The National Conference (NC) set the poll campaign rolling on Wednesday. It organized a rally at the sports stadium where around 3,000 people, mostly delegates, gathered to listen to Omar Abdullah who kicked off his party’s campaign.

“We realise that this time campaigning will not be easy. We have to tread a difficult path and we are ready for it. We deliberately chose the workers’ convention to kick-off our campaign. From tomorrow, we will have a full-fledged campaign in villages and other areas,” said the NC president. 

Stephanians Offended By Rahul Gandhi’s Claim

St Stephen’s College seems to have taken serious offense to Congress general secretary Rahul Gandhi’s comment that during his year-long stay there, students who asked questions in class “were looked down upon”.

On Tuesday, while addressing students at a university in Srinagar, Rahul Gandhi said, “When I was studying at St Stephen’s College, asking a question was not (perceived to be) good in our class. You were looked down upon if you asked too many questions.”

This statement set off a chain reaction among the Stephanians.

Bank of India Reports 80 percent rise in Net Profit in July-Sept

Bank of India Reports 80 percent rise in Net Profit in July-SeptBank of India has shown a 80 percent increase in net profit during the period July-September with both interest and Non-interest incomes going up. The bank has registered a profit of Rs 7.63 billion as against Rs 4.25 billion last year. Also the total income has shown a rise from Rs 36.03 billion last year to Rs 46.12 billion. While the net interest income rose to Rs 13.63 billion against Rs 9.86 billion a year back, whereby improving the net interest margin from 3.04 percent a year back to 3.2 percent now.

West Bengal to Utilize Singur Land for Industrialisation

West Bengal to Utilize Singur Land for IndustrialisationThe Singur land is up for takes after the withdrawal of Tata Motors. However, the State Commerce and Industry Secretary Sabyasachi Sen has urged the need to set up alternate industry in the land after acquiring it back from the Tata group. Mr. Sen also stated that if Tata's would like to set up any industry, they were welcome to do so. 

Also new investment for the 997 acres shall pour in only once the land is returned to the government. To quote Sen "So far no fresh proposal has come for the Singur land".

Bajaj Finserv Suffers Loss of Rs 11.87 crore in July-Sept

Bajaj Finserv Suffers Loss of Rs 11.87 crore in July-SeptThe critical situation of the financial market has started taking its toll on a lot of companies. The financial services company Bajaj Finserv has shown losses during the period July to September.

The Managing director of the company confirmed the slowdown and pressure on margin in his statement: "Yes, we are seeing a slowdown in the sector. Industry growth has slowed down".