Important to revive, preserve Urdu language: NRI businessman Nasir Syed
'Mehfil-e-Mushaira' held in Mangaluru
Mangaluru: In a bid to promote Urdu language, literature, and culture, Anjuman Taraqqi-e-Urdu organized an Urdu poetry festival, 'Urdu Mehfil-e-Mushaira,' on Friday at the Town Hall in Mangaluru.
The event, held in the city, was chaired by Nasir Syed, a distinguished NRI businessman and founder-president of the CHS Group of Dubai, who also sponsored the event.
Participating poets included Azizuddin Aziz Belgaumi from Bengaluru, Dr. Mohammed Haneef Shabab, and Syed Ahmed SaliK from Bhatkal, Siraj Sholapuri from Mumbai, Rahmatullah Rahmat from Shivamogga, Usama Qazi Asad Karnataki from Gangolli, and Abdul Salam Madani from Mangaluru.
Zaheer Ahmed Fanaa, also a poet, compered the event and presented his poetry towards the end.
The event featured the distribution of prizes sponsored by Nasir Syed for students who topped Moulana Azad Model School in Karkala, as well as to toppers of various subjects from the school. Two of the teachers from the school were also awarded for their services and commitment towards teaching the students at the school.
Additionally, prizes were awarded to winners of Urdu Speech and Urdu Essay Writing competitions organized by Anjuman Taraqqi-e-Urdu Urdu, DK and Udupi districts.
During his presidential address, Nasir Syed emphasized the need to enhance the status of the Urdu language in Dakshina Kannada and Udupi districts. He highlighted a issue, stating that while people in the region can speak and comprehend Urdu, there is a significant portion that lacks the ability to read and write in the language.
Nasir Syed further expressed his commitment to supporting any initiatives or plans put forth by Anjuman Taraqqi-e-Urdu aimed at addressing and improving this situation.
Anjuman Taraqqi-e-Urdu Urdu, DK, and Udupi districts also felicitated Nasir Syed for his relentless and selfless services and philanthropy, while also acknowledging his contribution as the sponsor of the event.
The program commenced with the recitation of verses from the Holy Quran by Mohammed Anees, followed by a Hamd presented by Mohammed Bin Tajammul. Master Haneef welcomed the guests and the gathering.
The poets were later felicitated and presented with mementos by the organizers for attending the event and presenting their poetry.
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Rupee settles 1 paisa higher to close at 94.15 against US dollar
Mumbai (PTI): The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.
Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.
At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.
At the end of Monday's trading session, the rupee was quoted at 94.15, registering a gain of just 1 paisa over its previous close.
On Friday, the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the US dollar.
"The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices," said Dilip Parmar – Senior Research Analyst, HDFC Securities.
On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.21 per cent at 98.32.
Brent crude, the global oil benchmark, was trading higher by 2.36 per cent at USD 107.82 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70.
Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data.
Meanwhile, India's forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday.
In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion.
