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AIMPLB to decide on filing Ayodhya verdict review petition in SC today
Posted on 16th November 2019
The All India Muslim Personal Law Board (AIMPLB) is likely to take a call on whether to file a review petition in the Supreme Court's final verdict in the Ayodhya land dispute case.

A meeting of AIMPLB is expected to take place today in Lucknow to decide on call to be taken by the board in the Ram Janmabhoomi-Babri Masjid case verdict by the Supreme Court.

AIMPLB members will gather at Darul Uloom Nadwatul Ulama, one of the state’s oldest Islamic institutions in Lucknow, to discuss whether a review petition should be filed against SC verdict in the Ayodhya case.

Earlier, a key litigant from the Muslim side in the highly-sensitive Ayodhya Ram Janmabhoomi-Babri Masjid title dispute case — the Jamiat Ulama-e-Hind (JuH) — decided to not accept the alternate five-acre-land mandated by the Supreme Court to build a mosque, adding that no 'alternative' to a mosque in Ayodhya, be it money or land, is acceptable.

They also added that a five-member fact-finding committee, representing the JuH, will seek legal opinion on the matter, and will even consider going for a review of the SC verdict.

Meanwhile, the Uttar Pradesh Shia Central Waqf Board chairman Wasim Rizvi on Thursday announced a donation of Rs 51,000 for the construction of the Ram Janmabhoomi temple in Ayodhya, adding that Lord Ram is the 'ancestor of all of us' and that the landmark Supreme Court judgment on November 9 was the 'best verdict' that could have been possible.

"Preparations are on for the construction of a grand temple at the Ram Janmabhoomi. Since Lord Ram is the ancestor of all of us, we are giving Rs 51,000 on behalf of the 'Wasim Rizvi Films' to the Ram Janambhoomi Nyas towards temple construction," he said.

In a 5-0 unanimous decision, the Supreme Court on Saturday ruled that the disputed 2.77 acre land in Ayodhya will go to Hindus while Muslims will be given a 5-acre plot at an alternate location in the city for construction of the mosque.

The apex court, however, handed over the land to the government to take measures for maintaining peace and harmony and law and order. The government will create a Board of Trust and formulate a scheme within 3 months.

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Verdict allowing women into Sabarimala not the 'final word': Supreme Court
Posted on 5th December 2019

The Supreme Court on Thursday said its 2018 verdict allowing entry of girls and women of all ages into the Ayyappa temple at Kerala's Sabarimala was not the final word as the matter was referred to a larger bench.

The apex court's observation came when senior advocate Indira Jaising, appearing for a woman devotee, Bindu Ammini, alleged violation of the 2018 verdict and said her client was attacked for her bid to enter the shrine.


Hyundai plans to bring fuel cell cars to India, Nexo could be first launch
Posted on 5th December 2019

Korean auto major Hyundai is planning to bring fuel cell electric vehicles to India. The company has already started a feasibility study as part of the plan.

Hyundai Nexo, which is already available in many markets, could be the first launch. The company claims Nexo is the world's first dedicated hydrogen-powered SUV and that it has a range of close to 380 miles, highest for any fuel-cell or electric vehicle in the market.


HDFC AMC slips 5% as Standard Life to sell additional stake via OFS
Posted on 5th December 2019

Shares of HDFC Asset Management Company (AMC) dipped 5 per cent to Rs 3,173 in intra-day deals on Thursday, after the company said it will use a greenshoe option for sale of additional 0.86 percent stake via offer for sale (OFS). The stock had ended 3 per cent lower at Rs 3,329 on the BSE a day earlier.

With the past two day's decline, HDFC AMC has corrected 17 per cent from its all-time high of Rs 3,844 touched on November 22, 2019.


RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5%
Posted on 5th December 2019

Springing a surprise, the monetary policy committee of the Reserve Bank of India (RBI) maintained the repo rate at 5.15 per cent points (bps) in its fifth bi-monthly monetary policy meeting of the financial year 2019-20 (FY20) on Thursday. However, GDP growth forecast for FY20 was slashed to 5 per cent from 6.1 per cent.

The three-day rate-setting meet started on Tuesday (December 3). In its October meet, the RBI had cut interest rate by 25 bps to 5.15 per cent.


Polycab India hits fresh record high; stock zooms 100% from August low
Posted on 5th December 2019

Shares of Polycab India continued their upward journey, and hit a new high of Rs 1,052, up 6 per cent on the BSE on Thursday, on expectation of strong earnings going forward. The company was included in the MSCI Global Small Cap Index with effect from November 26, 2019.

The stock of the fast moving electric goods (FMEG) company zoomed 100 per cent from its recent low of Rs 525, touched on August 22, 2019.


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