Kumaraswamy, Ramesh Gowda demanded Rs 50 cr, issued death threats, alleges JD(S) leader in complaint
Bengaluru: JD(S) social media Vice President Vijay Tata has filed a police complaint against party leader and Union Minister H.D. Kumaraswamy and MLC Ramesh Gowda, alleging that they demanded Rs 50 crore from him and issued death threats.
Vijay has filed the complaint at Amruthahalli police station in Bengaluru. He has also requested for security in light of the threats mentioned in the complaint.
In a letter to the police, Vijay stated that Ramesh Gowda handed him the phone to talk with H.D. Kumaraswamy, as reported by ANI on Thursday. During the conversation, Kumaraswamy told Vijay, “This time, you have to pay Rs 50 crore for election expenses, which is necessary for us to win in the Channapatna by-election.”
Vijay Tata expressed that he was troubled by Kumaraswamy's remarks and promptly responded that he did not have sufficient funds. He also added that he needs to calculate his real estate projects.
Vijay further noted that Kumaraswamy reacted angrily to his response and issued a threat. According to the letter, Kumaraswamy said, “If you don’t prepare Rs 50 crore, I don’t know what I will do. If you run real estate business in Bangalore, it will be difficult for you to live here,” as cited by the news agency.
The complainant pointed out that Ramesh Gowda was present during the conversation and insisted him to arrange the funds. Additionally, Gowda requested an extra Rs 5 crore, claiming it was needed for the construction of a temple and a school. Vijay disclosed that Gowda warned him he would “face problems” if the money was not provided.
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Sensex plunges 1,769 pts to 3-week low, investors lose Rs 9.78 lakh cr in single day
Mumbai, Oct 3: Benchmark BSE Sensex tanked 1,769 points to slide to a three-week low on Thursday as a spiralling conflict in West Asia triggered selling in oil, banking and auto shares, wiping out Rs 9.78 lakh crore investor money in a single day.
Falling for the fourth day running, the BSE Sensex tumbled 1,769.19 points or 2.10 per cent to settle at 82,497.10, its lowest closing level since September 11. During the day, it plummeted 1,832.27 points or 2.17 per cent to 82,434.02. As many as 29 Sensex scrips closed in the red while only one stock ended in the green.
Market capitalisation of BSE-listed companies dropped by around Rs 9.78 lakh crore to Rs 4,65,07,685.08 crore (USD 5.54 trillion).
The NSE Nifty slumped 546.80 points or 2.12 per cent to 25,250.10 with 48 of its constituents ending lower.
Continuous foreign fund outflows and rising crude oil prices dented investors' sentiment, analysts said.
From the 30 Sensex firms, Larsen & Toubro, Reliance Industries, Axis Bank, Asian Paints, Tata Motors, Bajaj Finance, Maruti, Bajaj Finserv, Kotak Mahindra Bank, Titan, Adani Ports and HDFC Bank were the major laggards.
JSW Steel emerged as the only gainer.
"The domestic market took a sharp downturn following Iran’s launch of ballistic missiles at Israel, sparking fears of retaliation and escalation in the war,” Vinod Nair, Head of Research, Geojit Financial Services said.
“New SEBI regulations for the F&O segment have raised concerns about reduced trading volumes in the broader market. Lastly, with attractive valuations in China, FIIs have redirected their funds, adding pressure on Indian stocks," Nair added.
The BSE midcap gauge tumbled 2.27 per cent and smallcap index dropped 1.84 per cent.
All indices ended lower. Realty tanked 4.49 per cent, while capital goods (3.18 per cent), auto (2.94 per cent), services (2.87 per cent), industrials (2.75 per cent) and oil & gas (2.52 per cent) were among the major losers.
A total of 2,881 stocks declined while 1,107 advanced and 88 remained unchanged on the BSE.
"Fears of FPIs and FIIs switching to China from Indian equities were prevalent, especially considering the sharp valuations of domestic markets compared to China," said Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities.
In Asian markets, Hong Kong settled lower while Tokyo ended in the positive territory. Markets in mainland China will be closed for the rest of the week due to the holiday.
European markets were trading mostly lower. The US markets ended marginally higher on Wednesday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,579.35 crore on Tuesday, according to exchange data.
Global oil benchmark Brent crude climbed 1.37 per cent to USD 74.91 a barrel.
Equity markets were closed on Wednesday for Mahatma Gandhi Jayanti.
