Sensex down 286 points on Delhi exit poll forecast

Mumbai - The benchmark BSE Sensex extended losses for the seventh straight day by plummeting over 286 points in early trade today on sustained selling by funds and retail investors amid exit polls showing that the BJP may not be able to form government in Delhi.

Besides, discouraging third quarter earnings by some bluechip companies and weakness in the rupee, dampened trading sentiments.

The 30-share index tumbled by 286.49 points, or 0.99 percent, to 28,431.42. The gauge had lost 963.86 points in the previous six sessions.

In a similar fashion, the National Stock Exchange Nifty dipped below the 8,600-mark by falling 77.85 points, or 0.90 percent, to 8,583.20.

Black money: Govt to disclose 60 names

New Delhi - The government is expected to disclose the names of close to 60 Indians and entities as it has recently initiated tax evasion prosecution proceedings against them as part of its crackdown on black money accounts as reported in the HSBC bank's Geneva branch list.

Sources said that those against whom legal action has been initiated include some corporates, business houses and other individuals as the Income Tax department has completed its probe and filed prosecution complaints against these entities, on the directions of the Special Investigation Team (SIT) constituted to tackle black money and illegal assets held by Indians abroad.

They said the total amount in these accounts is estimated to be to the tune of Rs 1,500-1,600 crore.

I wouldn't write India off: Gary Kirsten

Mumbai - India's World Cup-winning coach Gary Kirsten feels it would be premature to write off the defending champions and said the holders have a good chance of retaining the title with skipper Mahendra Singh Dhoni at the helm.

"They are a quality outfit and I wouldn't write them off.

They have got one of the most successful captains ever and in terms of closing off the events, let's not discount the Dhoni factor. A lot of things have changed and shifted in his life at the moment but when it comes to these events, he steps up and he is at his best," Kirsten told reporters here.

Sam Smith scoops Best New Artist, Best Pop Vocal Album awards at 2015 Grammys

London, Feb 9 - Sam Smith, who has been nominated for all the major awards at Grammys this year, has grabbed the award for the Best New Artist and Best Pop Vocal Album for 'In The Lonely Hour'.

Astronomers may have found the dark matter-dominated 'Galaxy X'

Washington, Feb 8 : Astronomers may have found the dark matter-dominated " Galaxy X," it has been revealed.

A cluster of young, pulsating stars discovered in the distant regions of the Milky Way may mark the location of a previously unseen dark-matter dominated dwarf galaxy hidden behind clouds of dust, on the far side of our galaxy.

A team, led by Sukanya Chakrabarti from Rochester Institute of Technology, analyzed near-infrared data collected by the European Southern Observatory's survey VISTA to find four young stars approximately 300,000 light-years away. These young stars are Cepheid variables "standard candles" that astronomers use to measure distances.

According to Chakrabarti, these are the most distant Cepheid variables found close to the plane of the Milky Way.

'Let us forge a model of cooperative, competitive federalism': PM Modi

New Delhi, Feb 8 : Prime Minister Narendra Modi on Sunday called upon the Chief Ministers of various states to work with the Centre in order to build a model of cooperative federalism, whereby the Centre and the state government can come together to resolve differences and chart a common course to progress and prosperity.

Terming the first gathering of the Governing Council of NITI Aayog as the potential to bring about historic changes, Prime Minister Modi said that the meet would help advance the national cause 'as we jointly define it'.

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