SC Collegium recommends Chief Justices for five HCs

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New Delhi, May 17 | The Supreme Court Collegium has recommended the elevation of five high court judges as Chief Justices of the Uttarakhand, Himachal Pradesh, Rajasthan, Gauhati, and Telangana High Courts respectively.

The collegium, headed by Chief Justice of India N.V. Ramana, also approved the transfer of Justice Satish Chandra Sharma, Chief Justice of the Telangana High Court, to the Delhi High Court.

According to a statement, Justice Vipin Sanghi, Amjad A. Sayed, S.S. Shinde, Rashmin M. Chhaya, and Ujjal Bhuyan have been recommended as the Chief Justices of the Uttarakhand, Himachal Pradesh, Rajasthan, Gauhati, and Telangana High Courts, respectively.

Justice Sanghi has been working as the acting Chief Justice of Delhi High Court, while both Justices Sayed and Shinde are, at present judges, of the Bombay High Court. Justice Chhaya has been a judge at Gujarat High Court and Justice Bhuyan, who belonged to the Gauhati High Court, has been working as judge at the Telangana High Court.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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