UP Sunni Waqf Board Reveals New Design of Ayodhya Mosque, Denies Plans to Invite PM Modi for Groundbreaking

The board’s reaction came a day after there were reports that a section of Muslims from Dhannipur village in Ayodhya had made an appeal to PM Narendra Modi to lay the foundation stone of the proposed mosque

from Top India News- News18.com https://ift.tt/TnimOzI
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Forex and Futures: RSI signal, Relative Strenght Index

RSI is a popular indicator commonly used to confirm price movement and help identify turning points in the market. It was created by Welles Wilder Jr. In general RSI is used either as an indicator of overbought or oversold market conditions in consolidating markets or to identify divergences at trend exhaustion. The RSI is a price-following oscillator that ranges between 0 and 100. A popular method of analyzing the RSI is to look for a divergence in which the currency price is making a new high, but the RSI is failing to surpass its previous high. This divergence is an indication of an impending reversal. When the RSI then turns down and falls below its most recent trough, it is said to have completed a "failure swing." The failure swing is considered a confirmation of the impending reversal in the price of the currency. RSI levels of 70% and 30% (80% and 20%) are known as overbought/oversold levels. Buy signal generated when the market is oversold, sell signal generated when...
Read more

US mortgage giant in share issue

US mortgage giant Fannie Mae is to sell $7bn of shares to raise money to cushion itself against losses in sub-prime home loans. The additional capital will allow the company to "manage increased risk in the housing and credit markets". Fannie Mae, which finances or guarantees one of every five home loans in the United States, will also cut its dividend by 30%. This follows similar moves by smaller rival Freddie Mac. Fannie Mae last month reported a third-quarter loss of $1.4 bn. Bad times The company said that worsening housing and credit markets will hurt its fourth quarter and 2008 results. "Fannie Mae has a responsibility to serve the mortgage market in good times and in times like these," Daniel Mudd, Fannie Mae's chief executive officer, said in a statement. "The steps we are taking today are designed to enable us to meet that responsibility." Its sister firm Freddie Mac said last month it is to sell $6bn of shares to cover more bad debt losses. H...
Read more

Mexico's Peso Ends Weaker At 10.9125/Dlr On Risk Aversion

Mexico's peso closed weaker against the dollar Monday as local stocks came under heavy selling along with other emerging markets. The peso was quoted closing in Mexico City at MXN10.9125 to the dollar, compared with MXN10.9285 at the opening and MXN10.8725 at Friday's close. Emerging market stocks were hard hit as investor worries about the economic fallout from U.S. financial sector problems led them to cut back on riskier assets. The Mexican stock market's IPC index was down 2.8%, despite gains in the Dow Jones Industrial Average. "The main factor acting against the peso in the short term is the perception of lower growth in the U.S.," the Invex brokerage said in its weekly outlook. With people still thinking the U.S. Federal Reserve could cut interest rates further, and the Bank of Mexico not expected to raise the local overnight rate again this year, the peso should find support, Invex said, but added that in "a moment of great nervousness, that condition...
Read more