In the presence of a large gathering of dignitaries and local citizens, Union Minister of State for External Affairs & Information & Broadcasting Anand Sharma laid the foundation stone of the state’s first Indian Institute of Technology (IIT) at Mandi. The town of Mandi is known for its temples.

While speaking on this occasion, Anand Sharma said, “The central government last year decided to increase the number of IITs in the country to 15 from the existing seven. Six (IITs) started functioning last year and this (IIT-Mandi) and IIT-Indore would start admission process from this year.”

The dissolved IHF on Wednesday demanded early elections to restore itself by the IOA and has even threatened to take legal action against the governing body if their demands are not met. The IHF, which was disbanded by the IOA last year, was here with representatives of 28 state associations and said it wanted that the governing body should soon announce the dates for the next election.

JMM President and former Jharkhand State Chief Minister Shibu Soren was hospitalized following a suspected urinary infection.

Soren, who is in his 60s, was admitted to the intensive care unit of Bokaro General Hospital.

Speaking with the reporters over JMM leader condition, BN Mahapatra (Medical director, Bokaro General Hospital) said, “"He is running a high fever and we suspect urine infection. Tests are being conducted.”

According to the doctors the blood pressure of the JMM leader was found high.

After opening on a weak note this morning, Indian equities fell further on the back of heavy selling pressure seen across all sectoral indices.

Bankex (-3.40%), Realty (- 2.39%), Metal (1.44%) and Consumer Durables (-1.42%) were among the worst hit sectors.
 
The BSE Sensex was moving aimlessly ahead of monthly derivatives expiry, with hopes for rate cuts tempered by mixed Asian markets.

After opening positive, broader indices including BSE Midcap and Smallcap were also trading weak by 0.59% and 0.81% respectively.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on KS Oils stock to achieve a target of Rs 48 within 1-2 days.

According to Karvy, day traders can buy the stock above Rs 46 with a stop loss of Rs 44.50. If the stock market remains on positive track, the next target will be above Rs 47.  

Shares of the company, on Wednesday (Feb 25), closed at Rs 44.40 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 922666. Current EPS & P/E ratio stood at 4.67 and 9.46 respectively. The share price has seen a 52-week high of Rs 101 and a low of Rs 30 on BSE.

Gigabyte has made announcement about the launching of its new GA-EG45M-UD2H motherboard in the Indian market.

Built from Intel G45 Express chipset, the motherboard has support for 45nm Intel Core 2 Quad processors and DDR2 memory.

The GA-EG45M-UD2H motherboard also features Ultra Durable 3 technology together with 2 oz Copper for ground and power layers, which help in energy efficiency, particularly in overclocked environments.

Moreover, it has integral HDMI port with HDCP support and boasts smoother HD and Blu-ray video playback.