BJP incumbent Ramesh Bidhuri sweeps South Delhi LS seat

first_imgNew Delhi: The incumbent MP and Bharatiya Janata Party candidate from South Delhi Ramesh Bidhuri won by a margin of more than three lakh votes over his opponents. From the same constituency, AAP’s Raghav Chadha stood second. The debut of Congress candidate and boxer Vijender Singh in politics did not go well as he got the third position. As per the EVM count, Ramesh Bidhuri registered victory with a vote share of 56.58 per cent. Raghav Chadha secured 26.35 per cent of the votes polled in South Delhi. The boxer Vijender Singh got 13.56 vote per cent. Also Read – Cylinder blast kills mother and daughter in Karawal NagarRamesh Bidhuri had won from South Delhi in 2014, defeating AAP’s Devendra Sherawat by 1,07,000 votes. Talking to Millennium Post, the incumbent MP said, “The 2014 election was fought on issues like corruption, inflation and nationalism. This time nobody could bring up inflation as it was not a problem anymore. Many schemes like Ujjwala Yojana and Saubhagya Yojana helped several families. No one could raise allegations of corruption,” said Ramesh Bidhuri. Also Read – Two persons arrested for killing manager of Muthoot FinanceHe further said, coming to the issue of nationalism, “This government killed terrorists at their home turf. This victory is the result of Narendra Modi’s strong intent and his strong policies towards the betterment of the nation.” When asked what will be his priorities towards his constituency, Ramesh Bidhuri replied that they will work on legitimising unauthorised colonies, giving water to every household and to start full phase metro. He further added that they will also expose the failures of the AAP government. Problems in South Delhi In South Delhi, water supply remained one of the biggest concerns for the residents. Reena, a resident of Govindpuri said,” In summer I sometimes buy water from tankers. I want water should reach to every household.” Reena was present in South Delhi’s Siri Fort area where votes were counted. Nirmala Mishra from Sangam Vihar wants cleanness in her area. “Ramesh Bidhuri in his last tenure had done development works in Sangam Vihar hope he will continue. Roads need to be developed in my area. Water facility should be available in every house,” said Nirmala. Celebration From the morning, Bharatiya Janata Party (BJP) supporters thronged the counting centre. They were wearing Namo caps, t-shirts, Prime Minister Narendra Modi’s masks. The BJP supporters danced to drum beats in South Delhi. The scenes in South Delhi’s Siri Fort area, where votes were counted, were all about BJP’s landslide victory in the country. In between, 1:00 pm to 1:30 pm, beating of drums and slogans like “Ek Baar Phir Modi Sarkar” was went on. Donning saffron attires, supporters came to counting centres before 8 am on Thursday. People were also taking selfies with Narendra Modi’s placard. Many of the supporters of the saffron party were wearing t-shirts in which “Namo” was written.last_img read more

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Closing Bell TSX rises following slump on emerging market concerns

TORONTO — The Toronto stock market closed higher Tuesday after a string of sharp losses prompted by emerging market worries.Here are the closing numbersTSX — 13,687.66 +105.37 0.78%S&P 500 — 1,792.50 +10.94 0.61%Dow — 15,928.56 +90.68 0.57%Nasdaq — 4,097.96 +14.35 0.35%The S&P/TSX composite index ran ahead 105.37 points to 13,687.66. with gains spread across all sectors, after tumbling 400 points over the previous three sessions.The Canadian dollar closed at a fresh 4 1/2 year low, down 0.35 of a cent at 89.64 cents US.U.S. indexes were higher as traders shrugged off a surprisingly weak durable goods orders report for December and concentrated on other data showing U.S. consumer confidence has reached its highest point since August on the strength of a brighter view of the job market and business conditions. The Dow Jones industrials was up 90.68 points to 15,928.56, the Nasdaq composite index moved up 14.35 points to 4,097.96 and the S&P 500 index rose 10.94 points to 1,792.5.Markets have been severely buffeted over the last few sessions on concerns about emerging markets, including slowing growth in China, the world’s second-biggest economy.Investors have also been jittery because of currency turmoil involving the Turkish lira, the Russian ruble and the Indian rupee as investors wonder how the U.S. Federal Reserve’s policy to reduce its monetary stimulus impacts on them.“What’s fearful is that currency instability often leads to economic and stock instability,” observed John Stephenson, portfolio manager at First Asset Funds.Investors felt reassured after the People’s Bank of China on Tuesday injected more money into the country’s financial markets to ease strained credit conditions.India’s central bank unexpectedly raised interest rates to prop up its ailing currency and Turkey’s central bank was expected to follow suit at an emergency policy meeting called after the lira hit a series of all-time lows.The Fed’s massive bond purchases over the last few years has resulted in a stream of cheap money into those markets. But now the central bank is cutting back on those asset purchases.The Fed is widely expected to further pare its bond purchases by another US$10 billion a month to $65 billion on Wednesday.At the same time, analysts have suggested that North American stock markets are vulnerable to a correction after Fed monetary easing helped underpin a strong rally on many equity markets last year that left the S&P 500 up about 30% for 2013. That index is now down about 3.5% year to date.“We’ve had a correction. I don’t see us going down 10%, and 3, 4%, that’s a pretty healthy correction and it’s time to start looking to buy,” Stephenson said.All TSX sectors were higher with gains paced by a 2.89% rise in the base metals sector even as March copper on the Nymex was off a penny at US$3.25 a pound. Teck Resources (TSX:TCK.B) was ahead 85 cents to C$27.73 while Thompson Creek Metals (TSX:TCM) gained 18 cents to $3.03.The tech sector rose 2.39% with BlackBerry (TSX:BB) ahead 34 cents to $11.18 as the company said that it’s making several changes to its BlackBerry 10 smartphone operating system, including a revised incoming call screen.February bullion declined $12.60 to US$1,250.80 an ounce, but the gold sector moved up about 2.29%. Goldcorp (TSX:G) ran up 69 cents to C$26.62 while Franco Nevada (TSX:FNV) rose $1.72 to $52.03.The March crude contract on the New York Mercantile Exchange was up $1.69 to US$97.41 a barrel. The energy sector rose 1.05% and Canadian Natural Resources (TSX:CNQ) advanced 93 cents to C$36.30.Financials also lifted the TSX as Sun Life Financial (TSX:SLF) moved up 62 cents to $36.87.Bank of Montreal (TSX:BMO) is offering to buy U.K.-based investment manager F&C Asset Management PLC in a cash deal valued at $1.3 billion. BMO shares inched up eight cents to $70.54.A major loser was Air Canada (TSX:AC.B). Its shares tumbled $1.07 or 12.3% on heavy volume of 12.4 million shares after a Merrill Lynch analyst cut price and profit targets for that carrier and WestJet. Glenn Engel said they will face severe headwinds from a sharply lower Canadian dollar, which has already dropped over four cents this month. He said the pressure will come in the form of higher prices for fuel and new aircraft. WestJet fell $1.06 or 4.09% to $24.83.In earnings news, grocer Metro (TSX:MRU) says its net earnings fell 15% to $99.2 million in the latest quarter on a slight dip in sales. Same-store sales decreased 0.5% in the quarter. Adjusted profits were $1.11 a share, four cents lower than forecast. Metro is also increasing its quarterly dividend by 20% to 30 cents and its shares were up $2.76 to $65.25.Automaker Ford said net income ex-items was 31 cents per share, topping analysts’ forecast of 27 cents but its shares shed most early gains to edge up just one cent to US$15.72.Apple shares were down 7.99% to US$506.50 even as the company reported its best quarter but it also delivered a revenue forecast that fell below analysts’ predictions for the current quarter.TOP STORIESGood day to buy! Apple shares got hammered today as earnings backlash continuesBillionaire investor Carl Icahn says he just bought another US$500-million in Apple stockBank of Montreal agrees to buy U.K fund manager for $1.3-billion in second-largest takeover in its 196-year historyLoonie slips below 90¢ as emerging market meltdown spooks investorsWHAT’S ON DECK WEDNESDAYU.S. Federal Reserve monetary policy decision at 2 p.m. CORPORATE NEWSCANADAAgf Management Ltd Q4 earnings: Analysts expect 11¢ a share Canadian Pacific Railways Q4 earnings: Analysts expect $1.91 a share Cgi Group Inc Q4 earnings: Analysts expect 70¢ a share UNITED STATESThe Boeing Company Q4 earnings: Analysts expect US$1.57 a share The Dow Chemical Company Q4 earnings: Analysts expect 43¢ a share Facebook Q4 earnings: Analysts expect 27¢ a share Marathon Petroleum Corp. Q4 earnings: Analysts expect US$1.15 a share read more

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