Difference Between Large, Medium, and Small-Cap in Share Market

 

When beginners enter the stock market, they often have questions about which stocks to invest in. Such questions can overwhelm even a seasoned investor. Stock market investors must have sufficient knowledge to determine which stocks are the right choice for their investment strategy. If you have no clue about which stocks you should put money in, you could face losses. The share market has inherent risk and this risk varies from one stock to another.

Stocks in the stock market are often classified based on their market capitalisation (or market cap) as large-cap, mid-cap, and small-cap stocks. This categorisation helps investors to make informed investment decisions. This article will help you to understand the differences between large-cap, mid-cap, and small-cap stocks.

Let us first learn about the meaning of market capitalisation and its categories in detail.

MARKET CAPITALISATION: MEANING AND CATEGORIES

Market capitalisation refers to the total number of outstanding shares of a company in the market multiplied by the current price of each share. It is a measure of the estimated valuation of a company.

To make things simpler, let us consider the meaning of market capitalisation with the help of an example. Suppose that ABC Company has 20,000 outstanding shares in the market and each share of ABC Company is priced at Rs 20. Then, the market capitalisation of ABC Company will be calculated as follows:

Outstanding shares x price per share

20,000 x 20 = Rs 4,00,000

Therefore, the market capitalisation of ABC Company is Rs 4,00,000.

The companies that are traded on the stock exchanges can be categorised into three broad categories: large-cap, mid-cap, and small-cap. Let us learn about each of them in detail.

WHAT ARE LARGE-CAP STOCKS?

Large-cap companies are businesses that are well-established and have a significant market share. Large-cap companies have market caps of Rs 20,000 crore or more. These companies dominate the industry and are very stable. They hold themselves well in times of recession or during any other negative event. Besides, they will usually have been functioning for decades and have good reputations. If you want to invest in a company’s stocks by taking less risk, then large-cap stocks are a good option. These stocks are less volatile in comparison to mid-cap and small-cap stocks. The lower volatility makes them less risky.

Reliance Industries and Infosys are examples of some large-cap market companies that are listed on the stock exchanges of India. Their strong foothold in the market and consistent good performance makes them good choices for long-term investors.

WHAT ARE MID-CAP STOCKS?

Mid-cap companies are companies whose market cap is above Rs 5,000 crore but less than Rs 20,000 crore. Investing in these companies can be riskier than investing in large-cap market companies. This is because mid-caps tend to be more volatile. On the other hand, mid-cap companies also have the ability to turn into large-cap companies in the long run. These companies offer a higher growth potential than do large-cap stocks, and hence more investors are attracted to investing in such companies.

Metropolis Healthcare, Castrol India, and LIC Housing Finance are some examples of mid-cap companies that are listed on the stock exchanges of India.

WHAT ARE SMALL-CAP STOCKS?

Small-cap companies are those that have a market capitalisation of less than Rs 5,000 crore. These companies are relatively smaller in size and have significant growth potential. What makes them risky is the low probability that they will be successful over time. This makes the stocks of such companies volatile in nature. Small-cap companies have a long history of underperformance but when an economy is emerging out of a recession, small-cap stocks often prove to be outperformers.

Hindustan Zinc, DB Corp, KNR Constructions, and Hathway Cable are some examples of small-cap market companies that are listed on the stock exchanges of India.

DIFFERENCE BETWEEN LARGE-CAP, MEDIUM-CAP, AND SMALL-CAP COMPANIES

·         Company type and stature: Large-cap companies are companies that are big and well-established in the equity market. These companies have reliable management and rank among the top 100 companies in the country. Mid-cap companies sit somewhere between large-cap and small-cap companies. These companies are compact and rank among the top 100–250 companies in the country. Finally, small-cap companies are much smaller in size and have the potential to grow rapidly.

·         Market capitalisation: Large-cap companies have a market cap of Rs 20,000 crore or more. Meanwhile, the market cap of mid-cap companies is between Rs 5,000 crore and less than Rs 20,000 crore. Small-cap companies have a market cap of below Rs 5,000 crore.

·         Volatility: Your investment risk in the stock market is closely related to volatility. If the price of a stock remains reasonably stable even in turbulent markets, it means the stock has low volatility. On the other hand, stocks that see significant price fluctuations at such times are termed as highly volatile. The stocks of large-cap companies tend to be less volatile, which means their prices remain relatively stable even amid turbulence. This makes them relatively low-risk investment options. Mid-cap stocks are slightly more volatile than large-cap stocks and carry somewhat more risk. Small-cap companies are highly volatile and their prices can swing considerably, which increases the risk for investors.

·         Growth potential: The growth potential of large-cap stocks is lower than that of mid- and small-cap stocks. That being said, large-cap stocks are a stable investment option, especially if you have a longer investment horizon. This makes large-caps well suited to investors with low risk appetites. If your risk appetite is moderate, you could look into mid-caps, as these have a slightly higher potential for growth. The highest growth potential lies with small-cap stocks, but you should invest in these only if you have a high tolerance for risk.

·         Liquidity: The term ‘liquidity’ means that investors can buy or sell large-cap shares quickly and easily without affecting the share price. Now, large-cap stocks tend to have higher liquidity as there is a high demand for large-cap shares in the stock market. Thus, squaring off positions is easier when you purchase such shares. In comparison, mid-cap companies have lower liquidity as the demand for their stocks is slightly lower. Small-cap companies have the least liquidity, which can make squaring off positions more difficult.

MUTUAL FUNDS AND MARKET CAPITALISATION

Mutual funds are an integral part of the Indian financial system. Mutual fund schemes are categorised into large-cap, mid-cap, or small-cap funds based on their investment allocation. For example, a large-cap mutual fund scheme will mainly invest in large-cap stock, while mid-cap and small-cap schemes will invest in mid-cap and small-cap stocks, respectively.

How do you choose the right mutual fund scheme for your investment portfolio? A part of your decision-making will depend on your tolerance for risk. Large-cap funds will generally be the less risky option, whereas small-cap funds could carry a higher potential for growth. But before you start looking into such mutual fund schemes, it is important to understand the differences between them in terms of risk.

DIFFERENCES BETWEEN LARGE-CAP, MID-CAP, SMALL-CAP FUNDS IN TERMS OF RISK

·         Risk in Large-Cap Funds

Large-cap funds invest mainly in blue-chip companies. Such funds inherently have certain advantages: The companies they invest in are large and stable businesses with the capability to weather market volatility. There is a high demand for these stocks, which makes them highly liquid. Their growth potential may be low, but so is the risk. And these funds generally bring modest but consistent returns over the long term.

·         Risk in Mid-Cap Funds

These mutual funds invest mainly in mid-cap stocks. This brings a slightly higher potential for growth, and thus the possibility of relatively higher mutual fund returns. However, the possibility of risk is higher as mid-cap companies are less able to cope with market volatility than are large-caps. The goal for the fund manager is to allocate funds to mid-cap companies that could be successful in future.

·         Risk in Small-Cap Funds

The investment focus of these mutual funds is on small-cap companies. The risk exposure is higher with these funds, as small-cap companies are not well-established businesses. They may struggle to stay afloat during a recession, for example. But when a small-cap does well, the possibility of growth is higher than for mid-caps and large-caps. Small-cap funds try to tap into this possibility. Despite the higher risk, there is a possibility of relatively higher returns.

ROLE OF MARKET CAPITALISATION IN YOUR PORTFOLIO

Market capitalisation can play a significant role in your investment portfolio. As the share market passes through different phases, the performance of large-, mid-, and small-cap stocks keeps changing. When large-caps are not doing well, mid- and small-caps could be on the rise. And when mid- or small-caps are plummeting, the large-caps in your portfolio could steady your overall returns. So, it is important for stock and mutual fund investors to diversify their portfolio by investing across market caps. It will help your portfolio to tide you over changing market conditions.

Just make sure to factor in your financial goals, appetite for risk, and investment horizon before investing. Also, keep in mind that investing in the share market or in mutual funds requires research and analysis. If you lack knowledge or need support, it may help to open an account with a large broker like Kotak Securities. This will bring you access to market research and analysis, along with a wide range of educational resources.

 

What are T2T, B or Z stocks? Know your script better before investing

The BSE has made various classifications for the listed stocks in order to make investors and laymen understand about more clearly about them. For this, it has grouped the stocks into various categories based on trading characteristics on the exchange platform such as market capitalisation, trading volumes and numbers, track records, profits, dividends, shareholding patterns, corporate actions and other qualitative aspects.

The classification patterns are more or less same in both the main exchanges, BSE and the National Stock Exchange. In this article we will be discussing about the BSE’s various stock classifications such as A, B, S, T or T2T and Z groups. This categorisation helps traders or investors have a good understanding of a scrip’s behaviour in order to be able to make better selection.

When a stock is placed in ‘A’ Group, it is among the most liquid stocks and is excellent from all aspects for trading and investing purposes. It has high trading volumes too. Market capitalisation is one key parameter for deciding which scrip gets classified in Group A. This classification is in a way a guarantee that these companies follow the basic listing requirements such as reporting results on time, making proper disclosures. Plus, settlements in this group stocks are done under the normal rolling settlement process. 

S’ grade companies are small one, typically those with turnovers of Rs 5 crore and tangible assets of Rs 3 crore. They have low liquidity on the bourses. Due to lower volumes, these stocks may also see frenzied price movements. 

Stocks classified under the T2T category cannot be traded on an intraday basis and traders or investors purchasing or selling these shares need to take delivery by paying full amount. It does not mean that investing in this category is risky. In fact, these stocks can provide some protection against speculative trades, and thus disruptive price movements. The idea behind introducing this category is to curb speculative trading or to counter intentional market manipulation done by frequently trading a stock by groups of traders.

Stocks clubbed in the ‘Z’ category are those which fail to comply with the exchange’s listing requirements or may have failed to redress investor complaints.

And then there is Group B, which houses all the stocks that do not fall into any of the above categories. The ‘B’ counter sees normal volumes and traded are settled under the rolling system. B1 is ranked higher than B2 categories.

Besides the above-mentioned groups, the exchange also has another classification, called the SLB group. This is meant for dematerialised securities traded in the F & O segment, which are eligible for lending and borrowing. From time to time, the exchange announces addition/removal of securities to/from the list. 

Further, based on the market capitalisation of companies, stocks are categorised into largecap, midcap and smallcap blocs. Though the perception about a company changes with its shift from one group to another, the fundamentals remain same. So investors should consider each stock on its own merits.

Russia detains head of hypersonics research facility in treason case: TASS-- ET

 

Russia has detained the head of a research facility that specialises in hypersonic technology in Moscow on suspicion of state treason, the TASS news agency cited a source as saying on Thursday.

Russia's Federal Security Service will ask a court to hold him in custody for two months, the report said. It named him as Alexander Kuranov, whose profile on the Hypersonic Systems Research Facility's site says he is a specialist in hypersonic technology.

Russia, whose ties with the West have spiralled to post-Cold War lows since 2014, has been developing a number of hypersonic weapons in recent years that President Vladimir Putin has touted as unparallelled.

A lawyer for Kuranov could not immediately be reached for comment.

A number of Russian scientists, soldiers and officials have been charged with treason in recent years after being accused of passing sensitive material to foreign countries.

Critics of the Kremlin say the charges are often unfounded and cannot be scrutinised because they are classified.

Read more at:
https://economictimes.indiatimes.com/news/defence/russia-detains-head-of-hypersonics-research-facility-in-treason-case-tass/articleshow/85271454.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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Vodafone Idea to SC: 'Travesty of justice' if correction of errors in AGR calculation not allowed Vi's review petition was filed within weeks of SC rejecting its earlier appeal to look into alleged arithmetical errors made by the DoT, thus confirming the AGR dues at Rs 58,254 crore, of which it has paid Rs 7,854 crore. Devina SenguptaETTelecomUpdated: August 13, 2021, 08:35 IST

 

Mumbai: Vodafone Idea (Vi) said it is a "travesty of justice" and "inconceivable" that the Supreme Court (SC) has not allowed "errors" in adjusted gross revenue (AGR) calculations to be corrected, a ruling which will cost the cash-strapped telco around Rs 25,000 crore and force it to “go under”.

In its petition filed on Tuesday to review the July 23 order of the court not allowing correction of alleged errors in the telecom department’s AGR calculations, the struggling telco said it had no intentions to "wiggle out" from paying its AGR dues as mandated by the court. But if arithmetical mistakes are not allowed to be corrected, then it will have to shut shop, leaving nearly 280 million subscribers, some 20,000 direct and indirect employees, banks and retailers high and dry, with even the government getting hurt in the process.

"It is inconceivable that even errors/inadvertent additions by the respondent-DoT to the AGR dues have not been allowed to be corrected.... It is a travesty of justice that the petitioner is restrained from questioning arithmetical errors/omissions, which are going to cost the petitioner approximately Rs 25,000 crore (Rs 5,932 of principal plus interest, penalty and interest on penalty)," said the telco (read: petitioner) in its petition to the SC.

Respondent is the Department of Telecommunications (DoT).

"The impression of this… court that the petitioner is seeking to wriggle out of the orders on account of recalculation is completely misplaced, as would be evident from the error and mistakes illustrated before this... court," Vi said. It added that it was neither the intention of DoT nor the court to see the government "unjustly benefit" from excess AGR dues.

Vi's review petition was filed within weeks of SC rejecting its earlier appeal to look into alleged arithmetical errors made by the DoT, thus confirming the AGR dues at Rs 58,254 crore, of which it has paid Rs 7,854 crore. Vi had said there was double counting by the telecom department and some of the payments made were not included. The telco’s own calculations put the AGR dues at Rs 21,533 crore, which was disallowed by the top court.

"The petitioner is already struggling to survive and remain a third private wireless telecom operator in the country," said the telco.

In fact, for the telco whose fortunes have tumbled since it was born out of the merger of Idea Cellular and Vodafone India in 2018, these are the final set of appeals to the SC.

"The petitioner will go under, and its approximately 27.33 (June 2021) crore subscribers will be left high and dry... will lose its investment of lakhs of crores of rupees in this business... approximately 10,000 direct, approximately 10,000 associate employees, and approximately 100,000 distributors, retailers and store staff will lose their jobs and employment," warned Vi.

Vi said it has “outstanding utilised facilities” of approximately Rs 47,000 crore from banks, non-banking finance companies (NBFCs) and mutual funds, of which Rs 25,000 crore is from public sector banks, over and above the amount due to DoT.

Alarmed lenders have been pushing the government to take steps to save the telco. Last week, Vi's lenders met with DoT, saying converting debt to equity in the telco was an option for them, but that the carrier hasn’t defaulted on any payments as yet. They also said that the government would stand to lose a lot more than banks, if Vodafone Idea went bust.

At March end, Vi said it owes Rs 1.57 lakh crore to the government, including Rs 96,270 crore towards spectrum payments and the rest towards adjusted gross revenue (AGR) liability.

Vi highlighted that its survival is important for DoT as well, so that the telco can continue to make "not just license fee/spectrum usage charges, but also payment of instalments for auction of spectrum".

ICAI to come out with eight new forensic accounting, investigation standards PTILast Updated: Aug 12, 2021, 08:33 PM IST ET

 

Chartered accountants' apex body ICAI will come out with eight new forensic accounting and investigation standards, whereby forensic auditors will be required to issue a precise and unambiguous report, sources close to the development said. Under the new accounting standards, auditors will be required to follow stiff norms while conducting forensic audit, they said.

The new forensic audit standards are likely to render several existing forensic audit reports untenable, especially where lenders have used ambiguous and inconclusive reports to classify borrower loan accounts as fraud.

These are part of eight new forensic accounting and investigation standard (FAIS) proposed by the institute's Digital Accounting and Assurance Board. These proposals will be placed for final approval on Friday.

The Institute of Chartered Accountants of India (ICAI) had earlier issued 13 FAIS.

The sources said that governing council of ICAI is meeting on Friday to approve the new forensic audit and investigation standards. As a part of the new accounting standards, forensic auditor will be required to issue a precise and unambiguous report.

Further, such report is also required to be backed by reliable evidence and relevant documents collected by the auditor in line with the requirements of FAIS to support its conclusions.

Also, the report will not express an opinion or pass any judgement on the guilt or innocence.

FAIS categorically mandates that the principles of natural justice needs to be met by conducting a discussion of the observations with the subject party and their views need to be suitably incorporated in the report.

Currently there are no standards or guidelines prescribed by any regulator or authority to monitor or regulate the function of forensic audit.

In the absence of such regulation any and every self-acclaimed forensic audit expert or firm was appointed by the the lenders to conduct forensic audit as per their own rules and procedures and present their reports based on their own judgements.

In most of such cases, the reports used to be inconclusive, ambiguous and devoid of reliable evidence. There was no review or appeal mechanism against any erroneous or wrong forensic audit findings, as well the same were not even shared with the concerned party.

Read more at:
https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/icai-to-come-out-with-eight-new-forensic-accounting-investigation-standards/articleshow/85274882.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Used here for Educational purposes only

White population falls below 60% amid browning of America -By Chidanand Rajghatta, TNNLast Updated: Aug 12, 2021, 11:40 PM IST ET

 

                                                    (This story originally appeared in  on Aug 12, 2021)

The browning of America is accelerating with the white population in the country is poised to drop below 60 per cent for the first time in its history even as people of color add to its numbers, according to latest US census data.

The trend, which has white nationalists in the country agitated, is mostly on account of white people having fewer fewer children and starting their families at a later age than other groups, in a development demographers call "baby bust." White nativists though attribute it largely to immigration.

According to census data, the white population has declined by more than 1 million over the last four years, wiping out their modest population growth from 2010 to 2016. The pace of the decrease is now accelerating.

While white population fell by an estimated 129,000 people between 2016 and 2017, the decline sped up to 482,000 between 2019 to 2020, resulting in an overall decline of nearly a million whites in decade of 2010-2020. Demographers say the 2010s could be the first decade when the nation's white population registered an absolute loss, going down from 63.8 per cent to 59.7 per cent between July 2010 and July 2020.

The browning of America is being fueled primarily by minority groups, particularly Hispanic or Latino Americans who grew by at least 1 million in eight of the last 10 years, and overall by 10.5 million between 2010 and 2020. Asian-Americans too grew by about half a million in seven of the last 10 years, going up by 4.7 million over the decade. African-Americans registered a slower growth, expanding by 300,000 in eight of the last 10 years, for an estimated 3.4 million increase since the 2010 census.

But while the Latino and Black growth came mainly on account of natural growth from people already living in the US who are giving birth, Asian-Americans were the only demographic group to experience more growth from immigration -- 3.3 million people -- than from natural increase -- 1.2 million. Among Latino or Hispanic-Americans, about three-quarters of the population added over the last decade came from natural increase, and the remaining quarter from immigration.

The growth in coloured population and the concurrent decline in white population in the US came during the Trump years when immigration became a hot button issue.

"All of the US population growth from 2016 to 2020 comes from gains in people of color. The statistics… imply that, as the white population ages and declines further, racial and ethnic diversity will be the hallmark demographic feature of America's younger generations," Brooking Institution's Senior Fellow William Frey, who reviewed the census data, wrote in a paper.

Frey noted that at the state level, 30 states lost white population over the 2016-2020 period, with the greatest losses registered by California, New York, Illinois, Pennsylvania, and New Jersey. Among the 20 states that gained white population over this period were Florida, Arizona, North Carolina, South Carolina, Utah, Colorado, Tennessee, Texas, and Idaho.

Read more at:
https://economictimes.indiatimes.com/news/international/world-news/white-population-falls-below-60-amid-browning-of-america/articleshow/85282716.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Used here for Educational Purposes

How to deal with a troublesome or corrupt RWA By Arjun J Chaudhuri, Anand Chaudhuri, ET CONTRIBUTORSLast Updated: Aug 11, 2021, 03:02 PM IST

 Synopsis

RWAs while exercising its powers cannot infringe upon the Right to Free Speech or Right to Privacy of residents, whether they are members of the RWA or not. It cannot interfere with the ownership rights of residents.

An RWA can become a nuisance to residents when the Governing Body, or one of its members, interferes with the rights of others by causing damage, inconvenience, or annoyance.

A Resident Welfare Association (RWA) is a voluntary association of member residents. Its objective is to look after the welfare of its members, in a manner that supplements the responsibilities of municipal and regulatory authorities, by properly maintaining common facilities and providing security to residents on a day-to-day basis.

But what if your RWA turns out to be a nuisance and causes you trouble? Before we examine how to deal with such a situation, let's take a look at the power of the RWA.

How an RWA is formed

An RWA is usually registered as a voluntary society of persons under the Societies Registration Act, 1860. Once registered, the RWA exists as a separate legal entity which can sue, or be sued through its office-bearers or persons appointed for such purpose.

The Governing Body of RWA is elected to office as per the bye-laws in its Memorandum of Association. The bye-laws also state how it conducts itself with other members of the RWA and with third parties. The powers of the Governing Body are to be exercised in a responsible manner without fear or favor.

The RWA while exercising its powers cannot infringe upon the Right to Free Speech or Right to Privacy of residents, whether they are members of the RWA or not. It cannot interfere with the ownership rights of residents.

Misfeasance by RWA

An RWA can become a nuisance to residents when the Governing Body, or one of its members, interferes with the rights of others by causing damage, inconvenience, or annoyance. Like for example, preventing access to persons known to you, or invading the privacy of your guest by selectively asking too many personal details.

In extreme cases of misfeasance, the Governing Body could also be corrupt and engage in extortion, bribery and theft of funds. Like for example, overcharging residents for services like repairs to illegally profit from the service provider. Sometimes this comes with an implicit threat that nonpayment could cause damage or inconvenience to the resident.

Remedies available to a resident

1) Remedy of Abatement before the Registrar of Societies is applied in contracts and debts as a means to reduce the sum payable to the RWA if the resident is overcharged or wrongly charged for services. When this remedy is invoked to deal with nuisance by RWA or any of its members, it is for removing the underlying cause.

The complaint can be made before the Registrar of Societies. If needed, amendments to the Memorandum of Association and Rules of the RWA are allowed under sections 12 & 12A of the Societies Registration Act,1860.

Remember, a resident may not refuse to pay if s/he has already enjoyed the services, or has delayed filing the complaint before the Registrar of Societies.

However, the resident is free to resign from membership on the grounds that the subscription fees are prohibitive or not justified against the costs incurred by the RWA, citing audit reports filed periodically before the Registrar of Societies. Additionally, a complaint to this effect can also be filed with the Sub Divisional Magistrate [SDM] of the area.

2) Remedy of Injunction under Section 9 of the Civil Procedure Code, 1908 is an order or decree requiring the RWA to refrain from committing a specific act, either in process or threatened, that is injurious to the resident.

An injunction is granted by a civil court on grounds that the mentioned action causes, or will cause, irreparable damage to the resident. Injunctions are generally preventive, restraining, or prohibitory in nature. It can also be for affirmative action on the part of RWA, in which case it is called a mandatory injunction. For instance, to destroy a wall that encroaches on the property of the resident.

A Temporary Injunction may be granted under Order 39 of CPC, 1908. A Permanent Injunction may be granted, after hearing both parties, under sections 38-42 of the Specific Relief Act, 1963. For both, a lawsuit can be filed against the President or General Secretary of the RWA, or as per any specific rules of the state government under Societies Registration Act, 1860, read with Code of Civil Procedure,1908.

3) Police Complaints can be filed, in extreme cases, if the Governing Body has become financially corrupt and is engaged in extortion, bribery or theft of funds. An FIR under section 154 of Code of Criminal Procedure,1973 can be filed before the SHO of the local police station Criminal charges can be instituted under sections 383, 171B and 378 of the IPC, based on evidence of transfer of funds by the Treasurer, General Secretary or President of the RWA, and an independent audit report of the books of accounts and bank account maintained in a scheduled bank. Based on these reports, the RWA can be dissolved under sections 13 & 14 of the Societies Registration Act, 1860.

(The writers are Advocates)

Read more at:
https://economictimes.indiatimes.com/news/how-to/how-to-deal-with-a-troublesome-or-corrupt-rwa/articleshow/85236174.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Naveen Patnaik: The silent custodian of Indian hockey

 

If P R Sreejesh shielded the goal with his life during India's bronze medal-winning match against Germany, there's another man who has played a silent role in guarding hockey's interests in the country.

Naveen Patnaik, the Odisha chief minister, patronised hockey at a time the game needed it the most. Naveen had been a goalkeeper for his Doon School hockey team. It is that early love that led to his support for the game, which sees Odisha sponsor the teams right from the junior to the senior levels, both men and women.

In 2018, when Sahara withdrew, Odisha signed a Rs 140-crore deal with Hockey India to sponsor the men's and women's teams for five years. That was also the year Odisha hosted the men's hockey World Cup, which it will again host in 2023 in Bhubaneswar and Rourkela, where the state government is building India's largest hockey stadium for an estimated Rs 120 crore.

Read more at:
https://economictimes.indiatimes.com/news/india/naveen-patnaik-the-silent-custodian-of-indian-hockey/articleshow/85091880.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

THE DAY WE INDIANS WILL START CARING FOR OUR PLAYERS OTHER THAN CRICKET THERE SHALL BE MORE AND MORE OLYMPICS MEDALS FOR INDIA.WE ALL ARE RESPONSIBLE FOR THE PRECARIOUS CONDITIONS OF OUR DESERVING PLAYERS.JUST FOR FEW YEARS STOP WORSHIPING CRICKETERS AND CHEER OTHER PLAYERS.

 

Neeraj Chopra Wins GOLD MEDAL in JAVELIN With 87.58m Throw; Wrestler Bajrang Punia Wins Bronze Medal Tokyo Olympics 2020 Live Updates, Day 16 Live: Catch all the latest updates and scores from Day 16 of Tokyo Olympics 2020 Live here on Indiacom sports. Superstar wrestler and world no.2 Bajrang Punia will fight for a Bronze medal in Men's 65kg Freestyle, while Javelin star Neeraj Chopra will be in action in the men's Javelin Throw final.

 

WHY WE INDIANS DO NOT WIN MANY MEDALS IN OLYMPICS-BECAUSE OF THIS

 

Hiroshima marks 76th anniversary of US atomic bombing By MARI YAMAGUCHI an hour ago -AP

 

TOKYO (AP) — Hiroshima on Friday marked the 76th anniversary of the world’s first atomic bombing, as the mayor of the Japanese city urged global leaders to unite to eliminate nuclear weapons, just as they are united against the coronavirus.

Mayor Kazumi Matsui urged world leaders to commit to nuclear disarmament as seriously as they tackle a pandemic that the international community recognizes as “threat to humanity.”

“Nuclear weapons, developed to win wars, are a threat of total annihilation that we can certainly end, if all nations work together,” Matsui said. “No sustainable society is possible with these weapons continually poised for indiscriminate slaughter.”

The United States dropped the world’s first atomic bomb on Hiroshima on Aug. 6, 1945, destroying the city and killing 140,000 people. It dropped a second bomb three days later on Nagasaki, killing another 70,000. Japan surrendered Aug. 15, ending World War II and its nearly half-century of aggression in Asia.

But countries stockpiled nuclear weapons in the Cold War and a standoff continues to this day.

The global Treaty on the Prohibition of Nuclear Weapons took effect in January after years of civil effort joined by the atomic bombing survivors, or hibakusha. But while more than 50 countries have ratified it, the treaty notably lacks the U.S. and other nuclear powers as well as Japan, which has relied on the U.S. nuclear umbrella for its defense since the war’s end.

Matsui renewed his demand that his own government “immediately” sign and ratify the treaty and join the discussion, to live up to the long-cherished wish of atomic bombing survivors. He also demanded Japan provide productive mediation between nuclear and non-nuclear weapons states.

Prime Minister Yoshihide Suga, who attended the ceremony in Hiroshima, did not mention the treaty and instead stressed the need for a more “realistic” approach to bridge the nuclear and non-nuclear weapons states and by strengthening the NPT. Later at a news conference, Suga said he had no plan to sign the treaty.

“The treaty lacks support not only from the nuclear weapons states including the United States but also from many countries that do not possess nuclear arms,” Suga said. “What’s appropriate is to seek a passage to realistically promote the nuclear disarmament.”

Suga also apologized for inadvertently skipping parts of his speech including a pledge to pursue efforts toward achieving a nuclear-free world as head of the world’s only country to have suffered atomic attacks and fully aware of its inhumanity.

Many survivors of the bombings have lasting injuries and illnesses linked to the bombs and radiation exposure and faced discrimination in Japanese society.　

The government began to medically support certified survivors in 1968 after more than 20 years of effort by the survivors.　

As of March, 127,755 survivors, whose average age is now almost 84, are certified as hibakusha and eligible for government medical support, according to the health and welfare ministry.

Suga announced last month the medical benefits would be extended to 84 Hiroshima survivors who had been denied aid because they were outside a government-set boundary. The victims were exposed to radioactive “black rain” that fell in the city after the bombing and fought a long legal battle for their health problems to be recognized.

Matsui urged Suga’s government to further widen support and have generous assistance quickly reach all those still suffering physical and emotional effects of radiation, including the black rain survivors who were not part of the lawsuit.

Thursday’s ceremony at the Hiroshima Peace Memorial Park was significantly scaled down because of the coronavirus pandemic and was also eclipsed by the Olympics being held in Tokyo, where even national NHK television quickly switched to the games after the main speeches.

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Amazon wins Supreme Court case restraining merger between Future and Reliance ET Online Last Updated: Aug 06, 2021, 10:51 AM

 

The Supreme Court has upheld e-commerce giant Amazon's plea against the Rs 24,731-crore merger of Future Retail Ltd (FRL) with Reliance Retail.

The top Court said that the order by a Singapore arbitrator in October - that put the deal on hold after finding merit in Amazon's objections - was valid.

Read more at:
https://economictimes.indiatimes.com/industry/services/retail/future-reliance-deal-amazon-wins-supreme-court-case/articleshow/85091208.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst