Latest news with #Dy
Hans India
09-07-2025
- Hans India
Utilise tech to ensure timely darshan for devotees: EO
Tirumala: TTD Executive Officer J Syamala Rao emphasised the need to utilise technology to ensure devotees get timely darshan of Sri Venkateswara Swamy. In a virtual meeting held on Tuesday with TCS representatives and TTD IT officials, along with Additional EO Ch Venkayya Chowdary, the EO stressed enhancing darshan systems for different queues like Sarva Darshan, Special Entry Darshan and Divya Darshan. He directed officials to adopt QR codes and facial recognition for faster verification of pilgrims, replacing manual checks and also highlighted the need to educate devotees to report at their allocated time slots to avoid delays and improve crowd management. TCS representatives presented a detailed analysis via PowerPoint, showcasing the time taken by pilgrims at various stages from entry into the queue, waiting in compartments, to exit after darshan. The EO instructed regular meetings and a strategic action plan to enhance efficiency through technology. TTD GM (IT) Sesha Reddy, Dy GM (IT) Venkateswara Naidu, and other officials participated in the meeting.
Economic Times
18-06-2025
- Business
- Economic Times
Traders must rethink strategy amid expiry overhaul: Feroze Azeez
"On the NSE, I think will be unchanged. BSE will get a benefit of this in my opinion in a medium-term because Thursday is closer to a weekend. Weekends are the most important for a hedger to hedge. So, they will start using Sensex to hedge their cash positions rather than Nifty," says Feroze Azeez, Dy CEO, Anand Rathi Wealth. ADVERTISEMENT What happens with this Tuesday and Thursday adjustment for NSE and BSE respectively? How does life change? Feroze Azeez: So, if you look at how life changes for a derivative trader, there are two kinds of, one is logistical changes, the other are technical changes. If you ask me this whole shift can have a reasonable impact and disruption for a trader because NSE has a large volume beyond the first three months as well. Today, the December contracts of 2025 has an OI which is reasonable because earlier there was a limit of nine months. Any option which comes within nine months of expiry becomes a short-term option. Nine months and above, up to five years are listed on NSE. The rest of the 4.25 years are called long-term options. Now if there is nine months of options with an OI which is significant and all have Thursday expiries, so this whole Thursday expiry moving to Tuesday will have an impact up to five years because there are already open contracts which you cannot force close or force close till almost about June 29. So, point one, this is so logistically difficult. Foreign option trader with nine months options. On the technical side, the IVs, the implied volatilities, will go down, the forwards will go down and the skew will go up, this is what from a derivative perspective in terms of Greeks could happen. On the NSE, I think will be unchanged. BSE will get a benefit of this in my opinion in a medium-term because Thursday is closer to a weekend. Weekends are the most important for a hedger to hedge. So, they will start using Sensex to hedge their cash positions rather than Nifty. How do you see the market share flaring in the times ahead because in the last two years we have seen BSE index options did capturing about 23% to 24% of the overall market share pie, in just last two years giving tough competition to NSE. If this impacts them in the near term, maybe in the medium-term how do you see the duopoly between the two exchanges? Feroze Azeez: I can tell you about market share, very clearly the reason why BSE has been able to capture any market share after its existence in the derivative space for years is only because of the shifted expiries and the reduction in expiries. So, what people used to do, a trader used to have a margin. I think way back a couple of years back, all days of the week SEBI and NSE had an expiry. Monday there was an expiry and Tuesday, Wednesday, Thursday, Friday, so what people used to do was they used to have a certain margin. Let us assume a person has one crore of margin, you would use it five times a day and make it a full-time job because you can use the same margin over and over again and then fortunately, Sebi reversed that decision, which is amazing for a regulator to do which is regulator themselves actually started five days of expiry, then they have squeezed it down to two. ADVERTISEMENT Now if both were on Thursday, BSE's market share would have been finished over a period of time and stagnated and gone down to practically nothing. But since they have swapped it, NSE coming to Tuesday and BSE going to Thursday and Thursday there is no other expiry BSE's market share remains intact to my mind and only grows over the long term. ADVERTISEMENT We understand that BSE had strong volume shares on Mondays and Fridays too. So, with this change in expiry, do you believe BSE could rebalance its volumes going ahead? Feroze Azeez: BSE has good volumes. I think Friday volumes will go up significantly and BSE's volumes are going to be high on a Friday. What happens is if there is a Thursday expiry, the prices of the options on Friday are very high because there is four more days or three more days of time value left in it. If there is a Thursday expiry and I am looking at a BSE option on a Friday, then I have a Monday time value, Tuesday time value, Wednesday time value, and a Thursday time value. So, the options are going to be expensive. If I want to hedge my cash position, I will buy put options on NSE because NSE has only one day of time value left to hedge the weekend. So, Friday volumes may just drop if I have to clearly think, Monday volumes for BSE will go up. (You can now subscribe to our ETMarkets WhatsApp channel)
Hans India
05-06-2025
- Entertainment
- Hans India
RCB team gets grand welcome: Shivakumar gifts Kannada flag to Virat Kohli
Bengaluru: The Royal Challengers Bengaluru (RCB) team arrived at the HAL airport here on Wednesday, where they were personally welcomed by Deputy Chief Minister D.K. Shivakumar. He presented bouquets to each player. Dy CM Shivakumar specially greeted cricketer Virat Kohli, presenting him with both the RCB team flag and the Kannada flag. Virat Kohli joyfully received the flags and posed for photographs with the Dy CM. Shivakumar was also seen waving the RCB flag from his car while on his way to the airport. RCB, captained by Rajat Patidar, defeated Shreyas Iyer-led Punjab Kings by six runs to lift the IPL trophy for the first time at the Narendra Modi Stadium in Ahmedabad on Tuesday. The side also became the fourth different team to lift the IPL trophy in the last four seasons. Virat Kohli top-scored with 43 off 35 balls as RCB posted an imposing 190/9. In their defence, RCB's brilliant bowlers, led by Player of the Match, Krunal Pandya's match-winning spell of 2-17 in four overs, restricted Punjab Kings to 184/7, meaning that the franchise and Kohli finally became IPL champions. IPL 2025 champions Royal Challengers Bengaluru's plans to organise an open bus victory parade following its first-ever championship win have been cancelled, said the Bengaluru Traffic Police on Wednesday. As per an earlier announcement from the franchise, the open-top bus parade was supposed to begin from 5 p.m. and run from Vidhana Soudha to M. Chinnaswamy Stadium, the team's home ground, where a felicitation event would take place from 6 p.m. Home Minister G. Parameshwara stated on Wednesday that for security reasons, the players will not be travelling to the stadium in an open vehicle. The KSCA will organise a programme at the Chinnaswamy Stadium. Necessary police security and traffic management arrangements have been made to avoid congestion. Giving details about the felicitation programme by the government on the grand steps of the Vidhana Soudha, Parameshwara further stated, 'All the players will arrive by bus to the Vidhana Soudha. After the programme concludes, they will return to Chinnaswamy Stadium by bus. Chief Minister Siddaramaiah and Deputy Chief Minister D.K. Shivakumar will offer their congratulations. Two members from the RCB team will speak.' Parameshwara further clarified that there are no other events planned apart from this.
Hans India
04-06-2025
- General
- Hans India
Grand felicitations at Vidhana Soudha, Chinnaswamy stadium but no open bus parade for RCB team due to security reasons
Bengaluru: After a grand welcome to the players of the Royal Challengers Bengaluru (RCB) at the HAL airport in Bengaluru by none other than Deputy Chief Minister D.K. Shivakumar, the Karnataka government cancelled the much-awaited open vehicle victory parade of the players due to security reasons. Earlier, the management of the RCB and the Karnataka State Cricket Association (KSCA) had planned to organise an open vehicle victory parade for the team from the Vidhana Soudha to the Chinnaswamy Cricket Stadium. However, Home Minister G. Parameshwara stated on Wednesday that for security reasons, the players would not be travelling to the stadium in an open vehicle. The KSCA will organise a programme at the Chinnaswamy Stadium and necessary police security and traffic management arrangements have been made to avoid congestion. Giving details about the felicitation programme by the government on the grand steps of the Vidhana Soudha, HM Parameshwara further stated, 'All the players will arrive by bus to the Vidhana Soudha. After the programme concludes, they will return to Chinnaswamy Stadium by bus. Chief Minister Siddaramaiah and Deputy Chief Minister D.K. Shivakumar will offer their congratulations. Two members from the RCB team will speak.' The Bengaluru traffic police department has also released an advisory stating that, 'Due to felicitation function for the RCB team at the Chinnaswamy Stadium from 5 pm to 6 pm public are advised to avoid roads surrounding Vidhana Soudha and Chinnaswamy Stadium from 3 pm to 8 pm.' 'There will be no victory parade,' the traffic police department underlined. 'Due to limited parking, public are advised to use Metro and other public transport,' it added. Meanwhile, Deputy Chief Minister D.K. Shivakumar, speaking from Kanakapura in Ramanagara district, stated, "We will felicitate the RCB players in front of Vidhana Soudha. It would be problematic if the players travel in an open vehicle, so we have advised against it. We ask all fans to please come to Chinnaswamy Stadium instead. While enthusiasm is not wrong, one must be careful. Fans are requested not to come near the airport." Earlier, when the RCB team arrived at the HAL airport here on Wednesday, they were personally welcomed by Shivakumar. He presented bouquets to each player. Dy CM Shivakumar specially greeted cricketer Virat Kohli, presenting him with both the RCB team flag and the Kannada flag. Virat Kohli joyfully received the flags and posed for photographs with the Dy CM. Shivakumar was also seen waving the RCB flag from his car while on his way to the airport. Bengaluru City Police Commissioner B. Dayananda also stated that the RCB team would be felicitated and encouraged by the government in front of Vidhana Soudha. Following this, celebrations will take place at Chinnaswamy Stadium. He mentioned that traffic is likely to be heavy on the route to the stadium, and therefore, instructions have been given for schools and colleges to have a holiday in the afternoon. Chief Minister Siddaramaiah has issued strict instructions to DG and IGP M.A. Saleem and Joint Commissioner of Traffic M.N. Anucheth, emphasising that during the celebrations, a large number of fans are expected, and thus, neither players nor fans should face any inconvenience. He directed them to arrange alternate routes for commuters beforehand and to manage traffic effectively around Vidhana Soudha and Chinnaswamy Stadium.
Hans India
04-06-2025
- General
- Hans India
RCB team gets grand welcome at B'luru airport, Shivakumar gifts Kannada flag to Virat Kohli
Bengaluru: The Royal Challengers Bengaluru (RCB) team arrived at the HAL airport here on Wednesday, where they were personally welcomed by Deputy Chief Minister D.K. Shivakumar. He presented bouquets to each player. Dy CM Shivakumar specially greeted cricketer Virat Kohli, presenting him with both the RCB team flag and the Kannada flag. Virat Kohli joyfully received the flags and posed for photographs with the Dy CM. Shivakumar was also seen waving the RCB flag from his car while on his way to the airport. RCB, captained by Rajat Patidar, defeated Shreyas Iyer-led Punjab Kings by six runs to lift the IPL trophy for the first time at the Narendra Modi Stadium in Ahmedabad on Tuesday. The side also became the fourth different team to lift the IPL trophy in the last four seasons. Virat Kohli top-scored with 43 off 35 balls as RCB posted an imposing 190/9. In their defence, RCB's brilliant bowlers, led by Player of the Match, Krunal Pandya's match-winning spell of 2-17 in four overs, restricted Punjab Kings to 184/7, meaning that the franchise and Kohli finally became IPL champions. IPL 2025 champions Royal Challengers Bengaluru's plans to organise an open bus victory parade following its first-ever championship win have been cancelled, said the Bengaluru Traffic Police on Wednesday. As per an earlier announcement from the franchise, the open-top bus parade was supposed to begin from 5 p.m. and run from Vidhana Soudha to M. Chinnaswamy Stadium, the team's home ground, where a felicitation event would take place from 6 p.m. Home Minister G. Parameshwara stated on Wednesday that for security reasons, the players will not be travelling to the stadium in an open vehicle. The KSCA will organise a programme at the Chinnaswamy Stadium. Necessary police security and traffic management arrangements have been made to avoid congestion. Giving details about the felicitation programme by the government on the grand steps of the Vidhana Soudha, Parameshwara further stated, 'All the players will arrive by bus to the Vidhana Soudha. After the programme concludes, they will return to Chinnaswamy Stadium by bus. Chief Minister Siddaramaiah and Deputy Chief Minister D.K. Shivakumar will offer their congratulations. Two members from the RCB team will speak.' Parameshwara further clarified that there are no other events planned apart from this.
