Latest news with #NishantKumar
Mint
4 days ago
- Business
- Mint
Sensex falls 500 points, Nifty below 24,500: Why is Indian stock market not panicking about 50% Trump tariff? Explained
Indian stock market: What could be termed as a classic tussle between bulls and bears, the Indian stock market benchmarks — the Sensex and the Nifty 50 — are neither nosediving nor showing complete resilience against the looming tariff threat. The Sensex opened at 80,262.98, compared to its previous close of 80,543.99, and dropped 565 points, or 0.70 per cent, to an intraday low of 79,979.05. The Nifty 50 started the day at 24,464.20 against its previous close of 24,574.20 and declined 0.76 per cent to an intraday low of 24,387.55. Both indices, however, pared losses later. Around 1 PM, the Sensex was 411 points, or 0.51 per cent down at 80,133, while the Nifty 50 was 140 points, or 0.57 per cent, down at 24,434. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
30-07-2025
- Business
- Mint
Sensex, Nifty 50 rise for second straight session ahead of US Fed policy— 10 key highlights from the Indian stock market
The Indian stock market benchmarks — the Sensex and the Nifty 50 — extended their gains for the second consecutive session on Wednesday, July 30, led by Larsen & Toubro (L&T), whose shares surged nearly 5 per cent after better-than-expected Q1 results. However, mixed global cues, caution ahead of the US Fed policy outcome due later today, and persistent uncertainty over US tariffs as the August 1 deadline nears kept gains in check. The Sensex ended 144 points, or 0.18 per cent, higher at 81,481.86, while the Nifty 50 settled at 24,855.05, up 34 points, or 0.14 per cent. The BSE Midcap and Smallcap indices rose 0.17 per cent each. The overall market capitalisation of firms listed on the BSE rose to nearly ₹ 452 lakh crore from ₹ 451.44 lakh crore in the previous session. The domestic market ended with slim gains, as sentiment remained cautious due to persisting uncertainty over an India-US trade deal as the August 1 deadline nears. Reports suggest that both countries will continue their trade negotiations in August, even as Indian imports to the US begin attracting a 26 per cent tariff rate. Caution ahead of the US Fed policy outcome also influenced market performance, even as the US central bank is widely expected to keep rates unchanged. The domestic market is witnessing some short covering ahead of the expiry of the July derivatives series on Thursday. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
News18
29-07-2025
- Politics
- News18
The 'Socialist' Legacy: Nitish Kumar Refuses To Pass Baton To Son, Stays True To Ideals
Last Updated: While many expect his son Nishant Kumar to step into the political ring this election, Nitish Kumar is learnt to have remained reluctant. With Bihar gearing up for a high-stakes and crucial election, the question of who will succeed the state's Chief Minister Nitish Kumar is growing louder, and also getting more complicated. While many expect his son Nishant Kumar to step into the political ring this election, Nitish Kumar is learnt to have remained reluctant, and wary of being branded a political dynast in contradiction to his lifelong commitment to socialist ideals. The JD(U) supremo, now a veteran of Bihar politics, has always positioned himself as a custodian of Lohiaite socialism, a creed that frowns upon political inheritance. Unlike his contemporaries including the RJD chief Lalu Prasad Yadav who have openly promoted their children, Nitish has kept Nishant Kumar away from the public eye, often reiterating that his son has no interest in politics. But the shifting political landscape and the need for succession planning within JD(U) have made Nishant's name resurface in party circles. With a few factions in the party seeking Nitish's approval for Nishant Kumar's candidature this election and with an ally, Upendra Kushwah, national president of Rashtriya Lok Morcha (RLM) and a Rajya Sabha member, making a public statement on it, the situation now looks a bit politically intricate. Talking to News18, a senior leader of JDU said, 'We are still not sure about Nitish Ji's succession plan. But he has advised us to be patient and trust his instincts. Kushwah ji's comments on X did not go down well with him. He is a socialist leader, and he does not believe in a political dynasty. He thinks that the party and people choose its leaders when the time is right." No Dynasty, No Drama Yet, Nitish Kumar's own instincts remain guarded. 'For someone who rose through the JP movement and has built his image on merit and anti-dynasty credentials, endorsing Nishant as the JDU successor could dilute decades of ideological posturing," said a senior JDU leader, who is known to be close to the chief minister. With the NDA alliance recalibrating its power equations post-2024, the pressure is mounting for Nitish to either name a political heir or risk leaving a vacuum in the state and his party. The dilemma reflects a deeper paradox, the tension between legacy and ideology, between familial instinct and political principle. However, Nitish Kumar is still standing. Adding to the BJP's confidence is a quiet but significant development. Sources in party ranks said that Nishant Kumar, Nitish Kumar's son, will not contest the 2025 elections. Neither Nitish nor the BJP wants a dynastic narrative attached to the JD(U) patriarch's final innings. The election will be fought over employment, arresting migration and governance – issues that helped Nitish make his brand. Meanwhile, the BJP now sees a rare window to assert dominance in the state and restructure the NDA without legacy baggage. view comments First Published: July 29, 2025, 11:25 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
28-07-2025
- General
- Time of India
Mobile Gangajal kiosks of postal dept a big hit among kanwariyas
Jamshedpur: The postal department in Jamshedpur is doing brisk business in this holy month of Shravan by selling Gangajal. The Gangajal available in bottles at all post offices counters in the city and other areas for Rs 30 has been procured from Gangotri, as per the notification of the postal department. Nishant Kumar, official of Jamshedpur postal department said on Monday, "The Gangajal available at counters are a hit among the Shiv bhakts as it is clean and pocket friendly. It is not easy to get Gangajal in Jamshedpur which is an essential item for pujas, so devotees are purchasing the holy water since the beginning of Shravan." He said, "Last year too Gangajal was sold through post office counters in Shravan, this year the department took a step ahead to help the Shiv bhakts and kanwariyas put up mobile stalls outside many prominent temples in and around Jamshedpur." He added, "In this endeavour, on third Somwari, a mobile stall selling Gangajal has been set outside Deori temple beside Jamshedpur-Ranchi national highway. On Somwaris of Shravan, thousands of devotees and Kanwariyas throng to this temple to worship Lord Shiv." Kumar said, "In the last Somwari on Aug 4, more such mobile stalls will be put up for devotees. Last year, around 2000 bottles were sold in the city and this year figures will surpass it by many folds." Mithun Sardar, a Kanwariya, who treks up the Dalma hills to worship Lord Shiv on all Somwaris of Shravan, said, "Water from Gangotri is the purest Gangajal and Central govt department must be lauded for helping the devotees to perform pujas."
Time of India
25-07-2025
- Time of India
Entire staff of two key excise stations shunted out in East Godavari district
Vijayawada: Cracking the whip, the director of excise and prohibition, Nishant Kumar , decided to shift all the staffers in two key excise stations in East Godavari district after observing gross underperformance. The decision follows a review of enforcement work in the region, where Nishant found that staffers, including the station house officers (SHOs), were not showing any keenness to achieve the targets set by the government. This is the first time in the history of the Excise and Prohibition Department that the entire staff from specific stations has been transferred to other locations. According to sources, Nishant Kumar directed the Deputy Commissioner of Excise and Prohibition to transfer all the staffers, including SHOs, from Rajamahendravaram North and South stations. He stated that not even a single staff member from these stations deserved to continue. Staffers from Rajamahendravaram North and South stations were relocated to far-off locations within the district. While some were moved to other station duties, a few were reassigned to check-posts. Sources said Nishant Kumar was particularly disappointed with the poor progress in tracking old offenders, resolving pending cases related to illicit distilled (ID) liquor manufacturers, and maintaining surveillance on suspected offenders. During a surprise inspection two days ago, the staff reportedly failed to provide proper answers to his queries. The new staff brought to these stations will strengthen on-ground enforcement & achieving the objectives of Navodayam 2.0
