Elgar case: Bombay HC grants bail to ex-DU prof Hany Babu
Mumbai (PTI): The Bombay High Court on Thursday granted bail to former Delhi University professor Hany Babu, more than five years after his arrest in the Elgar Parishad-Maoist links case.
A division bench of Justices A S Gadkari and Ranjitsinha Bhosale allowed the bail plea of Babu. The detailed order was not available yet.
The HC refused the request of the National Investigation Agency (NIA) to stay the bail for enabling it to appeal before the Supreme Court
Hany Babu had sought bail primarily on the ground of prolonged incarceration without trial.
His counsel, Yug Mohit Chaudhary, had also argued that the charges were yet to be framed and their discharge application was still pending before the trial court.
The NIA has accused Hany Babu of being a co-conspirator in propagating Maoist activities and ideology on the instructions of leaders of the banned CPI (Maoist) organisation.
He was arrested in July 2020 in the case and was lodged at the Taloja prison in Navi Mumbai.
The case relates to alleged inflammatory speeches delivered at the Elgar Parishad conclave, held at Shaniwarwada in Pune on December 31, 2017, which police claimed triggered violence the next day near the Koregaon Bhima war memorial located on the city's outskirts.
One person was killed and several others were injured in the violence.
The case, in which more than a dozen activists and academicians had been named accused, was initially probed by the Pune police and later taken over by the NIA.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
