Latest news with #Chandak
Time of India
4 days ago
- Time of India
Retiring cop's Bullet ride dream realized by Akola SP Chandak
Akola: SP Archit Chandak's impromptu and moving gesture created a unforgettable moment at the farewell function for six retiring officers on Saturday, striking an emotional chord and warming hearts across social media. A long-held dream of a retiring constable was fulfilled during the ceremony organized at the Akola police headquarters. One of the retiring constables, Arun Ghormode, was accompanied by his daughter. While reminiscing about her father's service, she casually mentioned how he always dreamt of riding a Bullet motorcycle in full police uniform — a dream left unrealized due to family responsibilities. The hall fell silent. But what followed was both unexpected and deeply moving. Recognizing the emotion behind the statement, SP Chandak immediately instructed his staff: "Bring a Bullet." Moments later, Ghormode was seen sitting on the iconic bike in uniform, with SP Chandak riding pillion. The attendees were visibly moved. Some stood in silence, others applauded, and many were seen wiping their tears. "It wasn't just about a motorcycle. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรด Bitcoin และ Ethereum - ไม่ต้องใช้กระเป๋าเงิน! IC Markets เริ่มต้นตอนนี้ Undo It was about dignity, respect and honouring a life of silent sacrifices," said an officer present at the event. The moment, captured in photos and videos, soon went viral on social media, drawing praise for SP Chandak's sensitivity and humane approach to leadership. SP Chandak, an IIT-Delhi graduate and 2018 batch IPS officer, has previously been recognized for his innovative and sensitive approach to policing. Chandak, who was transferred to Akola from Nagpur, where he served as DCP (traffic), recently took swift action against a PSI involved in misconduct, reinforcing the department's commitment to transparency and discipline.
Hans India
14-05-2025
- Business
- Hans India
HCL-Foxconn plant reflects India's growing maturity in semiconductor manufacturing
New Delhi: The Cabinet's approval of the HCL-Foxconn chip plant reflects India's growing maturity in semiconductor manufacturing -- with trusted partners, strategic intent and industrial scale, industry experts said on Wednesday. The Cabinet, chaired by Prime Minister Narendra Modi, has approved the establishment of the semiconductor unit in Uttar Pradesh under the India Semiconductor Mission (ISM) that would attract investment of Rs 3,700 crore. This marks a strategic milestone in India's semiconductor journey, said experts. 'With an investment of Rs 3,700 crore, the project brings large scale advanced packaging and testing capabilities specifically for display driver ICs -- addressing a critical gap in India's display and electronics value chain,' said Ashok Chandak, President IESA and SEMI India. Foxconn, one of the world's largest electronics manufacturers, brings world-class expertise in chip packaging and testing core to the downstream semiconductor supply chain. HCL Group, with its robust technology services, engineering strength, and global relationships, adds local execution capability and talent access. 'Together, this joint venture lays the foundation for India to emerge as a preferred global hub for semiconductor OSAT (Outsourced Semiconductor Assembly and Test) operations —aligning with the vision of 'Make in India' and 'Make for the World' with great support from the Centre and states,' Chandak said. The plant near Jewar airport is designed for 20,000 wafers per month. The design output capacity is 36 million units per month. It will manufacture display driver chips for mobile phones, laptops, automobiles, PCs, and other devices that have display. 'This project can become landmark as it can create major value addition in India's electronics manufacturing for mobiles, laptops, consumer and automotive, etc,' Chandak noted. Five semiconductor units are in advanced stages of construction. With this sixth unit, 'Bharat moves forward in its journey to develop the strategically vital semiconductor industry,' according to the Cabinet. --IANS na/
Time of India
14-05-2025
- Business
- Time of India
Sensex decline: Market retreats 1.5% after record gains amid profit booking
ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT Mumbai: India's broadest equity gauges retreated about 1.5% on Tuesday, as traders booked profits a day after stocks had climbed the most in four truce along the western front and prospects of a Sino-American trade deal had undergirded Monday's stellar performance, with both indices soaring nearly 4% each."On Monday, the announcement of a ceasefire in the India-Pakistan conflict triggered significant short covering, resulting in an overreaction in the markets," said Sham Chandak, head of institutional equities, at Elios Financial Services. "Today, the markets saw some corrections from these elevated levels, and the weekly Sensex expiry contributed to a pullback in the headline indices."The Nifty fell 346.3 points, or 1.4%, to 24,578.3. The Sensex declined 1,282 points, or 1.5%, to 81,148.2. By contrast, the Nifty Midcap 150 gained 0.2% and Nifty Smallcap 250 rose 0.8%.Easing consumer inflation prompted analysts to believe a further reduction in policy rates in the June review could aid risk assets."A rate cut is anticipated in the first week of June, given the limited upside risks to inflation," said Chandak. "Corporate earnings are expected to improve in the coming quarters, supported by a lower base, and the overall macroeconomic indicators remain favourable." He expected the Nifty to trade within the 24,000-25,000 range over the next two to three Shah, head of technical research at ICICI Direct, said the market decline was driven by profit booking. "The market breadth is currently positive, and we may see the Nifty heading toward 25,200 levels in the coming month," he said the mid- and smallcap space is seeing stock-specific action, and earnings are deciding the direction of stock Tuesday, foreign portfolio investors net sold shares worth Rs 477 crore. Domestic institutions were buyers to the tune of Rs 4,274 in Asia, gauges in Japan advanced 1.4%, China 0.2% and Taiwan 1%. The index in Hong Kong fell 1.9%, while the Kospi in South Korea remained pan-Europe index Stoxx 600 was 0.12% higher at the time of going to the end of the trading session, the Nifty's Volatility Index (VIX), the fear gauge, fell 1.04% to 18.2. The index has risen almost 13% in the past of Elios said the US-India trade agreement would be the next trigger, still a couple of months away. "At present, we are constructive on banks, textiles, CDMOs (contract development and manufacturing organisations), microfinance institutions and defence manufacturing companies," he said.
Time of India
14-05-2025
- Business
- Time of India
Market retreats 1.5% after record gains amid profit booking
At the end of the trading session, the Nifty's Volatility Index (VIX), the fear gauge, fell 1.04% to 18.2. The index has risen almost 13% in the past month. Indian equity markets experienced a pullback on Tuesday, with the Nifty and Sensex declining by approximately 1.5% each, following a significant surge the previous day fueled by geopolitical developments. Profit booking and weekly Sensex expiry contributed to the downturn, while mid- and small-cap stocks showed resilience. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: India's broadest equity gauges retreated about 1.5% on Tuesday, as traders booked profits a day after stocks had climbed the most in four truce along the western front and prospects of a Sino-American trade deal had undergirded Monday's stellar performance, with both indices soaring nearly 4% each."On Monday, the announcement of a ceasefire in the India-Pakistan conflict triggered significant short covering, resulting in an overreaction in the markets," said Sham Chandak, head of institutional equities, at Elios Financial Services. "Today, the markets saw some corrections from these elevated levels, and the weekly Sensex expiry contributed to a pullback in the headline indices."The Nifty fell 346.3 points, or 1.4%, to 24,578.3. The Sensex declined 1,282 points, or 1.5%, to 81,148.2. By contrast, the Nifty Midcap 150 gained 0.2% and Nifty Smallcap 250 rose 0.8%.Easing consumer inflation prompted analysts to believe a further reduction in policy rates in the June review could aid risk assets."A rate cut is anticipated in the first week of June, given the limited upside risks to inflation," said Chandak. "Corporate earnings are expected to improve in the coming quarters, supported by a lower base, and the overall macroeconomic indicators remain favourable." He expected the Nifty to trade within the 24,000-25,000 range over the next two to three Shah, head of technical research at ICICI Direct, said the market decline was driven by profit booking. "The market breadth is currently positive, and we may see the Nifty heading toward 25,200 levels in the coming month," he said the mid- and smallcap space is seeing stock-specific action, and earnings are deciding the direction of stock Tuesday, foreign portfolio investors net sold shares worth Rs 477 crore. Domestic institutions were buyers to the tune of Rs 4,274 in Asia, gauges in Japan advanced 1.4%, China 0.2% and Taiwan 1%. The index in Hong Kong fell 1.9%, while the Kospi in South Korea remained pan-Europe index Stoxx 600 was 0.12% higher at the time of going to the end of the trading session, the Nifty's Volatility Index (VIX), the fear gauge, fell 1.04% to 18.2. The index has risen almost 13% in the past of Elios said the US-India trade agreement would be the next trigger, still a couple of months away. "At present, we are constructive on banks, textiles, CDMOs (contract development and manufacturing organisations), microfinance institutions and defence manufacturing companies," he said.
Time of India
14-05-2025
- Business
- Time of India
After Monday Magic, Markets Correct on Profit-booking
India's broadest equity gauges retreated about 1.5% on Tuesday, as traders booked profits a day after stocks had climbed the most in four years. The truce along the western front and prospects of a Sino-American trade deal had undergirded Monday's stellar performance, with both indices soaring nearly 4% each. 'On Monday, the announcement of a ceasefire in the India-Pakistan conflict triggered significant short covering, resulting in an overreaction in the markets,' said Sham Chandak, head of institutional equities, at Elios Financial Services. 'Today, the markets saw some corrections from these elevated levels, and the weekly Sensex expiry contributed to a pullback in the headline indices.' The Nifty fell 346.3 points, or 1.4%, to 24,578.3. The Sensex declined 1,282 points, or 1.5%, to 81,148.2. By contrast, the Nifty Midcap 150 gained 0.2% and Nifty Smallcap 250 rose 0.8%. Easing consumer inflation prompted analysts to believe a further reduction in policy rates in the June review could aid risk assets. 'A rate cut is anticipated in the first week of June, given the limited upside risks to inflation,' said Chandak. 'Corporate earnings are expected to improve in the coming quarters, supported by a lower base, and the overall macroeconomic indicators remain favourable.' He expected the Nifty to trade within the 24,000–25,000 range over the next two to three months. Dharmesh Shah, head of technical research at ICICI Direct, said the market decline was driven by profit booking . 'The market breadth is currently positive, and we may see the Nifty heading toward 25,200 levels in the coming month,' he said. Shah said the mid- and smallcap space is seeing stock-specific action, and earnings are deciding the direction of stock movements. On Tuesday, foreign portfolio investors net sold shares worth Rs 477 crore. Domestic institutions were buyers to the tune of Rs 4,274 crore. Elsewhere in Asia, gauges in Japan advanced 1.4%, China 0.2% and Taiwan 1%. The index in Hong Kong fell 1.9%, while the Kospi in South Korea remained flat. The pan-Europe index Stoxx 600 was 0.12% higher at the time of going to press. At the end of the trading session, the Nifty's Volatility Index (VIX), the fear gauge, fell 1.04% to 18.2. The index has risen almost 13% in the past month. Chandak of Elios said the US-India trade agreement would be the next trigger, still a couple of months away. 'At present, we are constructive on banks, textiles, CDMOs (contract development and manufacturing organisations), microfinance institutions and defence manufacturing companies,' he said.
