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Showing posts from September, 2017

US Defense Secretary Jim Mattis arrives in Afghanistan as rockets hit Kabul airport

The visit comes after US President Donald Trump announced a new strategy for Afghanistan, promising a stepped-up military campaign against Taliban insurgents who have gained ground as they seek to reestablish Islamic law after their 2001 ouster. The visit comes after US President Donald Trump announced a new strategy for Afghanistan, promising a stepped-up military campaign against Taliban insurgents who have gained ground as they seek to reestablish Islamic law after their 2001 ouster. But a rocket attack on Kabul airport that injured five civilians and was claimed by both Islamic State and Taliban insurgents highlighted the rebels’ ability to strike the Western-backed government. Fighters holed up in a nearby building continued to resist security forces for hours, a spokesman for the interior minister said. Mattis condemned the attack as a “criminal act by terrorists”, adding that it was a “classic definition of what the Taliban are up to here now”. There are now about 8,400...

Market crashes on Army's firefight with Naga insurgents alongside Myanmar border

The prevailing weak sentiment in the domestic equity  market  took a further hit on Wednesday after reports that  Indian Army  conducted a  surgical strike  alongside Indo-Myanmar border. Reacting to the news, investors hit the panic button. Domestic market extended its losing streak to the seventh straight session with BSE Sensex  cracking 440 points and Nifty50 closing below 9,740 on Wednesday. Sensex ended the day at nearly a 3-month low of 31,159.81, down 439.95 points or 1.39 per cent while the 50-share pack closed at 9,735.75, down 1.38 per cent or 136 points, hitting its one and a half month low level. Shares of Adani Ports (down 4.52 per cent), Sun Pharma (down 3.03 per cent), SBI (down 2.99 per cent), Reliance (down 2.62 per cent) and ICICI Bank (down 2.41 per cent) were the top losers on  BSE . Broader markets extended losses and ended the session at 5-week low each. BSE Midcap plunged to 15,191.97 after shedding 308 points or 2 per c...