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Cyclone Dana Successfully Completes Landfall Process, Reports IMD

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Bhubaneswar, Oct 25 – The India Meteorological Department (IMD) confirmed on Friday morning that the landfall process of the severe cyclonic storm Dana has been completed. The system took approximately eight and a half hours to fully make its way onto the landmass.

According to the IMD’s hourly bulletin, the landfall process commenced around 12:05 AM on Thursday and concluded at approximately 8:30 AM on Friday. When it made landfall, Cyclone Dana hit with wind speeds reaching 110 km/h but has since weakened and transformed into a cyclonic storm.

As of now, the cyclone is located about 50 km north-northwest of Dhamra and 30 km northeast of Bhadrak town. The maximum sustained wind speeds around the center of the cyclone are reported to be between 80 km/h and 90 km/h, with gusts reaching up to 100 km/h.

The IMD predicts that the cyclone will continue to move northwest across northern Odisha and gradually weaken into a deep depression within the next six hours. The situation is being closely monitored using the Doppler weather radar located in Paradip.

IndusInd Bank Shares Plummet 17%, Market Capitalization Shrinks by ₹15,572 Crore Due to Disappointing Earnings

New Delhi, Oct 25 – Shares of IndusInd Bank plunged nearly 17% on Friday morning, hitting a 52-week low after the bank reported a 40% decline in net profit for the quarter ending September 2024. The bank’s net profit dropped to ₹1,331 crore, down from ₹2,202 crore in the same quarter last year.

On the BSE, the stock tumbled 16%, reaching a 52-week low of ₹1,073, while on the NSE, it fell by 16.72% to ₹1,066. This sharp decline in share value wiped out ₹15,572.07 crore from the company’s market capitalization, which now stands at ₹84,053.35 crore. IndusInd Bank emerged as the biggest laggard among Sensex and Nifty firms.

Meanwhile, the BSE Sensex was down by 388.99 points at 79,676.17, and the Nifty dropped 163.60 points to 24,244.20.

Despite a rise in total income to ₹14,871 crore during the September 2024 quarter, up from ₹13,530 crore a year earlier, the bank’s asset quality deteriorated. Gross non-performing assets (NPAs) increased to 2.11% of gross advances, compared to 1.93% in the same period last year. Net NPAs also rose to 0.64%, up from 0.57% a year ago, signaling a rise in bad loans.

The disappointing earnings and worsening asset quality led to the steep decline in the bank’s stock price.

Awareness Lecture &Ayur Quiz on Ayurveda for holistic health organised at JIAR

Under the banner of 9th National Ayurveda Day Themed “Ayurveda Innovation for Global Health” Dr Vipin Kumar Sharma ,Research Officer ,Scientist Level -3 RARI,Jammu;Dr Aakriti kotwal,Research Officer,Scientist Level-2 in RARI ,Bantalab Jammu ;DR. Jaffar Hussain ,Junior Research Fellow,RARI Bantalab Jammu was organised by Jammu Institute of Ayurveda and Research on 24-10-24 & 19-10-24.

 

Dr Vipin Kumar kindled the minds of staff and students with his insights on geriatric health by quoting his innovative approach in musculoskeletal ailments and Dr Aakriti highlighted Benign Prostatic Hyperplasia, a sort of geriatric ailment and approach to be followed in it. DR. Jaffar Hussain conducted AyurQuiz on recognition of plants ,their botanical name, and medicinal use. Vote of thanks was given by Dr Rahul Gupta .Dr Manu Sharma and Dr Sneha organised the entire event & honored the guests with a beautiful gift for their immense dedication in promoting Ayurveda and in enlightening students towards a brighter future.

Suspected Terrorist Caught on CCTV at Gagangir Attack Site, Investigation Ongoing

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Srinagar, Oct 24: A CCTV image of a Pheran-clad terrorist, allegedly linked to the Gagangir attack in Jammu and Kashmir, has surfaced, though investigators are still determining whether the AK-47-wielding individual was involved in the October 20 assault that claimed seven lives, including six non-local laborers.

The footage shows the suspect entering what is believed to be a prefabricated hut at the Gagangir tunnel construction site, where the deadly attack occurred, according to official sources. However, security officials are working to verify the authenticity of the image.

One puzzling detail is the date stamp on the screen grab, which shows “January 27″—a discrepancy that sources suggest could be due to a settings or technical error. Additionally, the terrorist’s rifle has a distinctive blue marking on the muzzle, similar to those reportedly used in attacks on security forces in the Pir Panjal region, roughly 200 kilometers from Gagangir.

The individual in the footage is not covering his face, despite survivors’ claims that the attackers had concealed their identities. Investigators are cautious about drawing conclusions too soon, with a senior police official emphasizing that commenting prematurely could compromise the ongoing investigation.

Cyclone ‘Dana’ Set to Bring Heavy Rainfall to Jharkhand, NDRF Teams Deployed

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Ranchi, Oct 24 – Parts of Jharkhand are expected to witness heavy to very heavy rainfall starting Thursday night due to the impact of cyclonic storm ‘Dana,’ according to an official from the Meteorological Department.

An ‘orange’ alert has been issued for the Kolhan region, which includes the districts of West Singhbhum, Seraikela-Kharswan, and East Singhbhum, indicating possible rainfall ranging from 115 mm to 204 mm within 24 hours on Friday, the official stated.

In addition to heavy rainfall, the region could experience thunderstorms accompanied by gusty winds reaching speeds of up to 60 kmph, according to Abhishek Anand, head of the Ranchi Meteorological Centre.

The India Meteorological Department (IMD) reported that Cyclone ‘Dana’ is expected to make landfall between Bhitarkanika National Park and Dhamra Port in Odisha early Friday, with wind speeds likely to reach up to 120 kmph. As of 2:30 am Wednesday, the cyclone was located 280 km southeast of Paradip in Odisha and 370 km south-southeast of Sagar Island in West Bengal, the IMD bulletin said.

Six teams from the National Disaster Response Force (NDRF) have been deployed in Jamshedpur and Chaibasa, with two additional teams on standby in Ranchi, to address any emergencies that may arise, an official added.

Other areas in central Jharkhand, such as Ranchi, Khunti, Lohardaga, Gumla, and Ramgarh, are also expected to receive heavy rainfall on Friday, according to Anand.

“Light to moderate rainfall is likely in many parts of the state on Thursday, with the Kolhan division expected to be hit hardest by the cyclonic system,” he said.

The inclement weather may also impact political activities in the run-up to the Jharkhand Assembly elections, scheduled for two phases—November 13 and November 20—with the vote counting on November 23. The nomination process for the first phase is set to conclude on October 25, while nominations for the second phase will be accepted until October 29.

Migrant Worker Injured in Tral, Authorities Investigating Incident

Srinagar, Oct 24: A non-local laborer from Uttar Pradesh was injured in a suspected militant attack in Batagund, Tral, in South Kashmir on Thursday morning, according to reports. The injured worker was shot at and sustained minor injuries, though no bullet cartridges have been found at the scene, officials said.

A top police official confirmed that the cause of the injury is being investigated. Following the incident, a joint team of police and security forces launched a search operation to track down the attackers.

This incident comes shortly after the bullet-riddled body of a laborer from Bihar was recovered in Kashmir’s Shopian region last week, raising concerns over the safety of migrant workers in the area.

PM Modi Commends Indo-Tibetan Border Police on Raising Day

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NEW DELHI, Oct 24: Prime Minister Narendra Modi on Thursday lauded the Indo-Tibetan Border Police (ITBP) on its Raising Day, honoring the force for its unwavering commitment to safeguarding India’s border with China.

In a post on X, Modi wrote, “Raising Day greetings to ITBP Himveers and their families. This force stands tall as a symbol of valour and dedication, protecting us in some of the most challenging terrains and harsh climatic conditions.”

The prime minister also praised the ITBP’s role in disaster response, highlighting the pride the force instills in the nation through its rescue operations during natural calamities.

The ITBP, established in the wake of the 1962 Sino-Indian conflict, has a strength of around 90,000 personnel. The force is primarily tasked with guarding the 3,488 km Line of Actual Control (LAC) with China while also playing a crucial role in internal security and disaster management efforts.

In a separate post, Modi welcomed the government’s decision to confer classical language status on Pali, expressing gratitude to scholars and monks who participated in a discussion on Pali hosted by the Indian Council for Cultural Relations (ICCR) in Colombo. “Glad that the Indian Government’s decision of conferring Classical Language status on Pali has ignited joy among those who believe in the thoughts of Bhagwan Buddha,” Modi said.

Sena UBT Candidates Promote Awareness of Their New Election Symbol During Campaign

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Chhatrapati Sambhajinagar, Oct 24 – As the Shiv Sena (UBT) prepares for the November 20 Maharashtra assembly elections, its three MLAs in the Marathwada region are actively campaigning to raise awareness about their new symbol, the ‘mashaal’ (flaming torch), while also addressing pressing farmers’ issues.

In the previous 2019 Maharashtra assembly elections, the undivided Shiv Sena secured 12 seats in Marathwada. Following the party split in June 2022, three MLAs—Udaysingh Rajput (Kannad), Kailas Patil (Dharashiv-Kalamb), and Dr. Rahul Patil (Parbhani)—aligned with the Uddhav Thackeray-led Shiv Sena (UBT) and are now contesting in the upcoming polls.

The split occurred when a faction of MLAs led by Eknath Shinde revolted against Thackeray, who was then serving as chief minister. Subsequently, the Thackeray-led faction was allotted the ‘mashaal’ symbol, while Shinde’s group retained the original ‘bow and arrow’ symbol.

In an interview with PTI, Rajput emphasized the importance of Thackeray’s positive image among the electorate, largely due to his leadership during the COVID-19 pandemic. “We are now aggressively working to spread awareness about our symbol ‘mashaal’ in Kannad,” he stated, adding that he would also highlight farmers’ grievances throughout his campaign. He noted that his political opponents are struggling to find a candidate to run against him.

Dr. Rahul Patil remarked on the absence of the ruling BJP’s support, asserting, “This government is corrupt, and we are working diligently to inform the public about these issues.” He pointed out that soybean purchasing remains a critical concern in his constituency, where the crop is cultivated on approximately 2.80 lakh hectares, yet there are only eight purchase centers. “If this continues, it will take a decade to purchase all the soybean produced in my constituency,” he cautioned, insisting that farmers’ issues could lead to the downfall of the ruling parties.

Kailas Patil also criticized the previous alliance with the BJP, stating, “They were with our undivided party only on paper, and their leaders actively worked against us.” He highlighted the significance of raising awareness about their symbol among constituents, particularly as the BJP is no longer associated with them, even nominally.

Patil echoed concerns regarding the insufficient number of soybean purchase centers, lamenting that crop prices are being driven down at private centers. As the election campaign intensifies, the Shiv Sena (UBT) aims to leverage both their new symbol and farmers’ issues to regain voter support in the region.

Rupee Steady at 84.07 Against US Dollar in Early Trading

Mumbai, Oct 24 : The rupee remained steady at 84.07 against the US dollar in early trading on Thursday, amid high crude oil prices and ongoing foreign fund withdrawals from the capital market. However, the local currency found some support as the dollar retreated from its recent highs and domestic equity markets showed signs of recovery, according to forex traders.

At the interbank foreign exchange market, the rupee opened at 84.06 against the dollar but slipped by one paisa, trading at the previous day’s closing level. On Wednesday, the rupee had settled with a marginal gain of one paisa at 84.07 against the dollar. The local currency has struggled to regain strength since October 11, when it closed at its lowest level of 84.10 against the dollar.

Analysts noted that a sell-off by foreign investors seeking better returns from the Chinese market has hindered the rupee’s recovery. Additionally, rising US Treasury yields have raised concerns about a slower pace of interest rate cuts by the Federal Reserve. Uncertain geopolitical conditions, especially in the lead-up to the US presidential election, have also driven investors toward safe-haven assets.

Meanwhile, the dollar index, which measures the currency’s strength against a basket of six currencies, fell slightly by 0.07 percent but remained elevated at 104.20. In commodity markets, Brent crude, the international benchmark, rose by 1.27 percent to USD 75.91 per barrel in futures trading.

On the domestic equity front, the Sensex increased by 68.86 points, or 0.09 percent, to reach 80,150.84 points, while the Nifty fell by 23.50 points, or 0.10 percent, to settle at 24,412.00 points. Foreign institutional investors (FIIs) were net sellers in the capital markets on Wednesday, offloading shares worth ₹5,684.63 crore, according to exchange data.

JIAR student brings laurels to the Institute by winning 2 bronze medals in Convoquer’24 Medal Ceremony on 22-10-24 at IIT, Jammu.

Students of JIAR Athletics & Cricket team participated in the Sports event conducted by IIT JAMMU From 18 oct to 21 oct 2024 in Convoquer’24 Medal Ceremony on 22-10-24 .

 

It was a Pride moment for JIAR Jammu! Our talented student, Hetisha has achieved great recognition by winning one bronze medal in 100 meter race and one bronze medal in 200 meter race Athletics Convoquer’ 2024. Her exceptional skills and dedication are a testament to the Institute’s commitment to nurturing excellence in every field.