Seasons ✓✓ Made Playoffs?Won Division?Won Pennant?Won World Series?Losing record90+ Wins?100+ Wins?Dynasty points Angels200220091112825.0 In general, a season contributes nothing to the dynasty if the team fails to make the playoffs or win 90 games.Source: Baseball Databank Dodgers1946196642772133.3 -3 ✓✓+4 ✓ ✓ Yankees19201943106162425.0 Dodgers1973199121381942.1 +3 +2 The weirdest dynasties ever?Among MLB dynasties (as defined by Bill James’s point system), largest share of seasons during a run that contributed zero points to the dynasty +5 Source: billjamesonline.com ✗ Cardinals196319712104944.4% ✓✓✓✓✓+6 ✓✓+2 ✓✓ ✗-2 Phillies197619831142825.0 Giants201020163103742.9 ✗ Yankees1976198621931127.3 ✓✓ +1 But every dynasty also has to end. When a team has a zero-point season, its rolling tally drops at least 2 points (it falls by 3 if the team also has a losing record). When the rolling tally dips to zero again, or the team has three straight pointless seasons, the dynasty is definitively over.2And the dynasty’s final season is retroactively set to the last year in which the team picked up any dynasty points.This decade’s Giants officially qualified as a dynasty by hitting 10 points after the 2014 World Series victory, ultimately extending the span of their run from 2010 to 2016 with one additional playoff appearance.3Technically the Giants haven’t had three straight zero-point seasons or a running total of zero yet (their running total was 3 through 2018, which was their second-straight zero-point season), but our model gives them next to no chance of picking up any dynasty points — and thereby extending the run — in 2019. But of those seven seasons, three contributed nothing to (and therefore actively detracted from) San Francisco’s running dynasty total. Among the 38 distinct teams that James’s system considers dynasties, only one — the 1963-71 St. Louis Cardinals — had a higher share of their “dynasty years” contribute nothing to the dynasty itself. ✓✓+3 ✓+1 ✓✓✓ Red Sox2002201841851729.4 TeamStartEndTitlesMax Dynasty PtsZero-PtTotalZero-Pt Share Over the course of the past decade, the San Francisco Giants put together one of the strangest dynasties in baseball history. And now it is officially coming to an end.The Giants still have five players left over from their 2014 championship season, but the returns have diminished greatly since then. The team is in last place in the National League West; the FiveThirtyEight model currently predicts it to finish 70-92, which would be one of the worst records in franchise history.1Technically the 2017 version was even worse, although that team at least had injuries to blame (and a playoff appearance the year before to suggest a potential turnaround). And it could get worse by season’s end, with ace Madison Bumgarner (among others) on the trade block.The Giants got here in part by trying to extend the dynasty past its expiration date. But who can blame them? When a team’s initial successes defy the odds, it can be especially difficult to know when a downturn is permanent or just a detour along the road to another title. This is especially true of San Francisco, which sandwiched two mediocre nonplayoff seasons in between World Series titles. But we come here not to bury the Giants’ dynasty but to praise it — and imagine how Farhan Zaidi, the new president of baseball operations, might construct another one where the original once stood.So what makes the Giants’ dynasty of the 2010s — and yes, it was a bona fide dynasty — maybe the most interesting ever?Up and downThe simplest answer to that question lies with the team’s every-other-year pattern of success. In even-numbered years from 2010 through 2016, the Giants’ winning percentage was .557; in odd years, it was only .506. But plenty of teams have gone on wild championship roller-coaster rides. The Giants’ version was one of the most memorable because of how unexpectedly it materialized and how difficult it was to get a handle on, even while it was happening.Sabermetrics pioneer Bill James has a method of determining dynastic runs that involves giving out points for seasons of various accomplishments. He keeps a running tally of a team’s dynasty points after each season; whenever a team’s running total hits 10, it automatically becomes a dynasty — of which there have been only 38 in baseball history. Cardinals1926193531731030.0 ✓✓ Bill James’s dynasty accounting systemWhat an MLB team must do in a season to earn or lose dynasty points Keeping in mind that the majority of San Francisco’s dynasty took place in the double-wild-card era, where in theory it is easier to snag an occasional playoff berth to keep the run going, you could argue that a Giants-like run is even harder to pull off now than during the Cardinals’ era (most of which happened when the “playoffs” consisted only of the World Series).If all of this sounds like a knock on what San Francisco accomplished, it’s not. It actually just makes it more fascinating: Only nine teams in history ever won three World Series in a five-year period anyway, and none of those had anywhere near as many ups and downs — nor proved as many doubters wrong — as the 2010-16 Giants did.Growing a dynasty … on top of a dynasty?Surprisingly, that run actually began on the heels of another dynasty, at least according to James’s accounting system. The 2000-04 Giants hit a running total of 10 points as well, despite not winning any championships, because they won at least 90 games five years in a row with two division crowns, a pennant in 2002 and 100 victories in 2003. That team was powered by Barry Bonds at the peak of his historic hitting powers,4And with Bonds allegedly benefiting from performance-enhancing drugs. with help from second baseman Jeff Kent, pitcher Jason Schmidt and shortstop Rich Aurilia. But the club’s performance fell after much of Bonds’s supporting cast signed elsewhere (SB Nation recently made a great video about the bitter Bonds-Kent feud), and the Giants’ main attraction in the ensuing seasons was Bonds’s largely joyless pursuit of Hank Aaron’s all-time home run record.By 2008, Bonds was out of baseball and the Giants were terrible, winning just 72 games. They had just three players who had been ranked among Baseball America’s Top 100 prospects in the previous few seasons: pitchers Matt Cain, Tim Lincecum and Jonathan Sanchez. Their farm system ranked just 23rd in baseball. Practically nothing about the Giants’ situation suggested that another dynasty was around the corner.But as bleak as San Francisco’s outlook appeared to be, the ingredients were largely in place for the run that was to come. To go with Cain and Lincecum, fellow dynasty cornerstones Bumgarner, Posey, Brandon Crawford and Brandon Belt would all be drafted in 2007-09, while third baseman Pablo Sandoval and reliever Sergio Romo both made their MLB debuts in the summer of 2008. Nine players were on all three Giants championship squads — Posey, Bumgarner, Cain, Sandoval, Romo, Lincecum, Santiago Casilla, Jeremy Affeldt and Javier Lopez — and of those, six were either acquired by or made their MLB debuts for San Francisco in the 18-month span between May 2007 and November 2008. The team had also hired manager Bruce Bochy away from the division-rival San Diego Padres prior to the 2007 season.The Giants’ penchant for acquiring and developing homegrown talent helps explain a good amount of their success earlier this decade. From 2010 through 2016, only two teams (the St. Louis Cardinals and Tampa Bay Rays) got more total wins above replacement5Averaging together the WAR versions found at Baseball-Reference.com and FanGraphs. from players who initially debuted with the team than San Francisco did. That group was headlined by Posey and Bumgarner, both of whom were top-10 draft picks, but it also included a fourth-rounder (Crawford), fifth-rounder (Belt) and 18th-rounder (Matt Duffy) who each peaked as 4-win players or better despite their lack of pedigree.Spare parts to the rescueThose Giants were made all the more interesting by the odd veteran pieces that filled in the gaps around the homegrown talent, particularly in the postseason. Journeyman castoffs Andres Torres and Aubrey Huff led the 2010 Giants in regular-season WAR, while that year’s NLCS MVP was Cody Ross (who had been claimed off waivers from the Marlins in August), and the World Series MVP was veteran shortstop Edgar Renteria, who had missed more than half the regular season with injuries.The trend continued in subsequent title runs. Outfielder Angel Pagan rebounded from a disappointing 2011 season with the Mets to produce 4.4 WAR for the Giants in their 2012 championship campaign. Melky Cabrera, on his fourth team in four years, was the All-Star Game’s MVP and hit an NL-best .346 that year before being suspended for performance-enhancing drugs (and recusing himself from the batting crown). Second baseman Marco Scutaro, picked up via trade in July, claimed NLCS MVP honors. After Posey and Bumgarner, frenetic outfielder Hunter Pence, acquired four days after Scutaro, was the Giants’ best player by WAR in 2013 and 2014, posting an 1.167 on-base plus slugging in the 2014 World Series. Even in 2016, obscure third baseman Conor Gillaspie provided playoff heroics when his ninth-inning home run won the NL wild-card game over the Mets.This quirky combination of young draftees and veteran reclamation projects helped each Giants championship team forge a different identity. The 2010 team was widely identified with Lincecum, Cain and eccentric, heavily bearded closer Brian Wilson. The 2012 version had evolved to become Posey’s team (he was named NL MVP) with Sandoval, the “Kung Fu Panda,” inheriting the role of postseason talisman from Wilson. And the 2014 season was all about the dominance of Bumgarner, who became virtually unhittable in October, winning the NLCS and World Series MVPs. Bochy and general manager Brian Sabean continually found ways to retool the roster on the fly, returning it to a championship level even after a 76-win season in 2013 suggested to many that San Francisco’s days of winning it all were probably over.An extraordinary timeThe Giants’ dynasty was also lucky to come along during an era of comparative parity in Major League Baseball. In 2015, my colleague Rob Arthur and I noted that MLB was getting tougher and tougher to predict during the decade of the 2010s, which happened to overlap with the entirety of San Francisco’s run to that point. In particular, the share of variance in team records explained by luck — which tracks with how compressed team records are across the league — had spiked upward to 64 percent that season, the highest mark since right after the 1994 strike.The Giants weren’t particularly dominant on paper during their dynastic years, never finishing higher than sixth in baseball in Sports-Reference.com’s Simple Rating System during any of their championship seasons, but it was the perfect moment to be a good team that gets hot at exactly the right time. Although it is unlikely that San Francisco’s World Series runs were wholly (or even mostly) the product of making the playoffs and having the postseason crapshoot fall in their favor three times, there’s no denying that the Giants’ path was made easier by the lack of super-teams across the rest of MLB.And now, those days are gone. (Not that it would help the current Giants much if they weren’t.) Starting in 2016, the league became very much top-heavy and thus much easier to predict than it had been earlier in the decade. The simultaneous emergence of juggernauts in the Houston Astros, Boston Red Sox, New York Yankees, Los Angeles Dodgers, Chicago Cubs and Cleveland Indians over the past few seasons have left the next tier of teams feeling the squeeze. Yes, some of today’s reduced parity also owes to the surplus of tanking teams trying to emulate the championship runs of the Cubs and Astros, but the teams at the top are also just stacked with talent. That has made it much tougher to be a merely solid ballclub with World Series aspirations.The aftermathAfter falling short against the Cubs in the 2016 NL Division Series, the Giants hoped to return to contention with largely the same group plus ex-Nationals closer Mark Melancon (who’d been good the previous season). Instead, Bumgarner injured himself in an early season dirt bike accident, Melancon was terrible, and the team collapsed to 64 wins. Then San Francisco doubled down on reviving its even-year magic in 2018 by trading for 30-something stars Andrew McCutchen and Evan Longoria. It didn’t work: Longoria was a disappointment at 1.2 WAR, McCutchen was traded to the Yankees at midseason, and Bumgarner was injured again. After 73 wins last year and this season’s 20-26 start, and facing Bochy’s retirement at the end of 2019, the franchise has finally begun staring down the specter of a rebuild.It’s easy to look back with hindsight and criticize the moves San Francisco made to try to keep its window of contention open. Well after the 2014 championship, for instance, the Giants signed pitchers Johnny Cueto, Jeff Samardzija and Melancon to long-term deals totaling $282 million, which looks like a terrible waste now — as well as a betrayal of the dynasty’s original homegrown roots.But this was also the same team that rode out a playoff absence in 2011 to win again in 2012, and a 76-win disappointment in 2013 to win again in 2014. As Bumgarner told the L.A. Times before this season, “Pretty much every year we’ve won, we were not expected to win.”The retool-on-the-fly mindset served the Giants well — until it didn’t.As much as the failure of recent big-name acquisitions to recapture their former glory has hurt the Giants, another big factor has been the failure of the team’s homegrown core to age gracefully — and the lack of anything in the pipeline behind it. Although Crawford can still make the occasional spectacular play, he is down from a 5-win player in 2016 to a subreplacement one now, and he’ll make $15.2 million each of the next two seasons after 2019. Belt was worth 4.2 WAR in 2016; now he’s on pace for a more middling 2.2 WAR in 2019 despite his $17.2 million salary, which also repeats in 2020 and 2021. Duffy fell off in 2016 and was traded for Matt Moore, who was miserable for the Giants in 2017 and was himself dealt for peanuts.Even with Bumgarner healthy, the Giants have the league’s worst starting rotation according to WAR. And recent drafts have produced little of note. The farm system ranked 26th in Keith Law’s preseason rankings. Things suddenly look dire again.Rebuilding the next dynastyWith Sabean’s successor, Bobby Evans, removed from his post as general manager last September, the man tasked with rebuilding the Giants now is former Dodgers GM Farhan Zaidi, who has gained a reputation as an innovator and a genius since leaving his doctoral program at the University of California, Berkeley to join the Oakland A’s front office under billion-dollar Billy Beane in 2005.Zaidi began shaking up San Francisco’s usual methods with a seemingly endless stream of anonymous signings before the season, in the hopes that at least some of them turn into viable major leaguers. That dizzying roster carousel did not let up once the season got underway, either. The team has started to employ modern pitching tactics like using an opener (which went poorly) and having position players like Sandoval throw mop-up innings (which went well!).But Zaidi has also run into friction six months into his new job. Already a figure of suspicion among Giants fans for his Dodger background, Zaidi was booed by season-ticket holders (granted, at Zaidi’s own urging) during a preseason meet-and-greet after he mentioned potentially using the opener. More seriously, he was openly criticized by Derek Holland after the pitcher was demoted from the starting rotation.Maybe all the constant roster-shuffling and other analytics-minded front-office techniques will pay off for San Francisco in the long run. But for now, the Giants are a bad team that can only get worse. The players are noticing — and so are the fans. AT&T Park was home to baseball’s third-best attendance mark as recently as 2017, but no team has shed more fans per game this season than San Francisco, whose 2019 attendance is down by more than 6,000 as compared with last year.How long will the Giants’ rebuild last? It might take a while to clear the current roster’s worst financial obligations from the books. Even in a world without Bumgarner, the team has $124 million committed to just seven players next year, with a payroll that could balloon to $172 million after arbitration and options are picked up. But as San Francisco’s ill-fated late push to sign Bryce Harper showed, the team hasn’t ruled out shelling out money for talent despite starting a new chapter in franchise history. Zaidi’s tightrope walk between alienating one of baseball’s best fan bases and genuinely refreshing the roster should be interesting to watch over the next few seasons.But it does also mean that the Giants dynasty of the early teens is firmly in the rearview mirror. What San Francisco accomplished then still defies statistical explanation to a certain degree, even acknowledging that most dynasties need an unlikely string of good fortune to build a great roster with long-term staying power. Through a combination of strong starting pitching, an impressive homegrown core and unbelievably shrewd veteran pickups, the Giants put together one of baseball’s most improbable strings of championships ever — a run that will be better appreciated only as it recedes into the realm of history. Now we have to see what Zaidi can do as a follow-up act.Check out our latest MLB predictions.
Categories: Local San Diego News FacebookTwitter Posted: May 18, 2018 KUSI Newsroom KUSI Newsroom, Man who shot 4 police officers during standoff in Bankers Hill sentenced to 20 years in prison May 18, 2018 SAN DIEGO (KUSI) — A man who shot at four police officers after holing up in his ex-girlfriend’s condominium in Bankers Hill was sentenced Friday to 20 years in state prison.As his trial entered its eighth week last month, Titus Colbert pleaded guilty to four counts of assault with a firearm on a peace officer.He admitted firing at two San Diego police officers who attempted to gain access to one of the bedrooms in the condominium and later shooting at two SWAT officers who were trying to position themselves on the roof of the building.Related Story: Former girlfriend of Bankers Hill SWAT standoff suspect says he was having a mental breakdownColbert, 36, had faced multiple life terms behind bars if convicted of premeditated attempted murder of a peace officer and assault with a semiautomatic weapon, charges that were dismissed as a result of the plea bargain.Colbert, who throughout his time in custody spoke out in court, saying he had special powers and was part of the New World Order, made a brief statement after Judge Louis Hanoian pronounced the stipulated sentence.“I apologize for my actions,” the defendant said. “And thank you for treating me so well.”Deputy District Attorney Michael Runyon said Colbert took two rifles and a revolver belonging to his roommate in Las Vegas and showed up at his former girlfriend’s condo in Bankers Hill a few days before his Nov. 4, 2015, arrest.Related Story: Bankers Hill suspect lashes out in court, judge orders him to leaveAccording to Runyon, the morning of the shooting, Colbert’s ex-girlfriend, Ashley Davies, realized he had broken into her complex and sent him a text saying: “You’re trespassing! You’re going to jail!”Colbert responded by texting, “(Expletive), I’m going to be a star. (Expletive) you for putting my life in danger,” the prosecutor said.When officers responded to Davies’ sixth-floor condo near the roof of the complex, a shot rang out from behind her door and an officer returned fire, according to Runyon.The prosecutor said officers retreated and more shots were fired at them and members of a SWAT team.Hours later, police observed a rifle, revolver and a magazine for a rifle being thrown out of the window from where Colbert was holed up, Runyon said. After Colbert’s arrest, officers found 17 expended casings and another rifle under a pile of clothes in the room, the prosecutor said.Defense attorney Melissa Tralla told the jury that Colbert had a psychotic break and was paranoid and delusional. She said that days before, Colbert had called Davies at least 50 times and was rambling and not acting right.The attorney said Colbert was showing signs of mental illness by age 6, and was diagnosed with schizophrenia by age 15.
Categories: Good Morning San Diego, Local San Diego News FacebookTwitter Posted: September 28, 2018 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsMIRAMAR (KUSI) – KUSI’s Jason Austell was at Marine Corps Air Station Miramar to check out the start of the annual Miramar Air Show. Jason Austell, What an honor to meet the legendary Sean D. Tucker! My interview with him is coming up @KUSI_GMSD pic.twitter.com/GOrLGHcGiO— Jason Austell (@JasonAustell) September 28, 2018 Jason Austell September 28, 2018 The annual Miramar Air Show returns to MCAS Miramar
Share this:TwitterFacebookLike this:Like Loading… Related5 Things To Do In Wilmington On Friday, July 5, 2019In “5 Things To Do Today”BREAKING NEWS: What’s Going On With Michael’s Place?In “Business”The Dunkin’ Next To The RMV Holds Grand Reopening, Donates $2,000 To Wilmington Fourth of July CommitteeIn “Business” WILMINGTON, MA — Habit Burger Grill announced this week it will be opening in Wilmington — in the new retail plaza being built at 196 Ballardvale Street — across the street from Target.Never heard of this popular burger joint? The California-based Habit Burger Grill has 265 restaurants in 12 states, but none in New England… until its Wilmington location opens in the spring of 2020.Habit Burger Grill is expanding into Massachusetts and New Hampshire after inking a 7-store development agreement with Adam Quinn, Chief Operating Officer of Heidi Burgers LLC. Quinn, a Dunkin Donuts franchisee who owns six of the locations in town, has 15 years of experience in the quick service restaurant industry. Quinn has repeatedly given back to the Wilmington community, including a recent $5,000 donation to Wilmington Public Schools.Quinn will open Habit locations in Middlesex County and Essex County, with the first location planned for Wilmington.“I knew I wanted to partner with The Habit when I met the leadership team. I was impressed with their focus on operational execution, the guest experience and metrics-based decision making,” said Adam Quinn, Chief Operating Officer at Heidi Burgers in a statement. “We are excited to bring the hand-crafted-to-order quality and value of The Habit’s chargrilled burgers, sandwiches and salads to the Bay State and beyond. We know consumers will fall in love with The Habit Burger Grill in the same way my wife and I did.”“Massachusetts and New Hampshire are burger strongholds, and we are eager to see Heidi Burgers bring our chargrilled style of food and focus on customer service to this area. We’ve met few operators who have as much passion for the way we do business as Adam Quinn. We look forward to his team’s success in these communities,” added Russ Bendel, President and CEO of The Habit Restaurants.According to a press release from the company, the Habit Burger Grill — currently celebrating its 50th anniversary – is “a burger-centric, fast casual restaurant concept that specializes in preparing fresh, made-to-order chargrilled burgers and handcrafted sandwiches featuring USDA choice sirloin steak, grilled chicken, and sushi-grade ahi tuna cooked over an open flame.”The restaurant also features fresh made-to-order salads; popular sides — onion rings, sweet potato fries, french fries, and tempura green beans; and tasty shakes and malts.The restaurant was named as having the “Best Tasting Burger in America” in 2014 by Consumers Report. Just this year, the restaurant was named the winner of USA Today’s 10 Favorite Regional Fast-Food Chains.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email firstname.lastname@example.org.
77 Photos Reyes, Davis and Hamilton will see you now. Paramount Pictures The Terminator is back. For the sixth time.The latest in the series, Terminator: Dark Fate, teased us Wednesday with a sunset-drenched poster focused on Linda Hamilton, the mother of cool mothers, as Sarah Connor. Then came the trailer on Thursday, placing her front and center with a moment inspired by Arnold Schwarzenegger’s gunslinging coolness. Tags 2:28 Dark Fate is a direct sequel to James Cameron’s Judgement Day, ignoring everything that happened in 2015’s widely panned Genisys, as well as Rise of The Machines and Salvation. The poster promises the sequel’s events will take place “the day after Judgment Day,” with Sarah Connor as the future leader of the Resistance in the war against Skynet, another AI humans can’t seem to get along with.Terminator newcomer Mackenzie Davis, who Black Mirror fans will know from the episode San Junipero, plays a super-soldier sent from the future to protect Natalia Reyes’ Dani Ramos from a new Terminator. Saving a minor who’s important for reasons that’ll become clear in the future? Sounds like the franchise is returning to its jam.Notably, behind-the-scenes an exciting story played out, with Cameron returning to the franchise as a producer after regaining the film rights this year. Deadpool director Tim Miller will take charge, so we can hope there’ll be moments of comedy among the many big fights.Terminator: Dark Fate will storm into theatres Nov. 1. Now playing: Watch this: Comments Terminator: Dark Fate’s first trailer reveals a battle-ready… 2019 movies to geek out over Share your voice 7 TV and Movies
Game of Thrones Netflix 3:38 50 Photos Tags Game of Thrones season 8 VFX breakdown Post a comment 2019 TV shows you can’t miss David Benioff and D.B. Weiss have signed an overall deal to develop new films and series for Netflix pic.twitter.com/57gLQOSTLE— See What’s Next (@seewhatsnext) August 7, 2019 Share your voice 0 In a joint statement, the pair said, “We’ve had a beautiful run with HBO for more than a decade and we’re grateful to everyone there for always making us feel at home.” They say they are “honored” Netflix has brought them on board.”We are thrilled to welcome master storytellers David Benioff and Dan Weiss to Netflix,” said Netflix chief content officer Ted Sarandos, in a statement. “They are a creative force and have delighted audiences worldwide with their epic storytelling. We can’t wait to see what their imaginations will bring to our members.”A brief glance at the response to this new signing, on Twitter, isn’t particularly kind to D&D. Some users balked at the signing just days after Netflix cancelled The OA.The anger stems from a divisive final season of Thrones. Many fans have torched the Game of Thrones creators after they failed to stick the landing in the show’s final year. Even though the public response was relatively brutal, the show managed to rack up 32 Emmy nominations this year. TV and Movies Now playing: Watch this: David Benioff and D.B. Weiss. Jeff Kravitz The two minds behind HBO’s mega-hit turned mega-disappointment Game of Thrones, David Benioff and D.B. Weiss, have struck a multiyear deal with Netflix, according to a report by Deadline on Wednesday. The duo will create exclusive content for the streaming giant outside their deal with Disney to direct an upcoming Star Wars trilogy.D&D, as they’ve come to be known, were in high demand, with media giants Netflix, Amazon and Disney all in talks to secure their services. Netflix ultimately won out with sources telling the Hollywood Reporter the deal is worth $200 million and will include film and TV projects. The pair had spent over 10 years at HBO working on Game of Thrones.
New Delhi, Dec 11 (ANI): Trading at the Bombay Stock Exchange today closed 41.48 points down to stand at 21,213.78. At the National Stock Exchange the Nifty closed 24.95 points down to stand at 6,307.90. Suzlon Energy and Bharti Infratel were among the top gainers of Group A with an increase of 7.42% and 3.85% along with Dish TV India and MRF with an increase of 3.66% and 3.60% respectively, while the top losers of Group A include Pipavav Defence and JSW ENERGY with a decrease of 4.95% and 4.00% along with MCX and Adani Enterprises Ltd. with a decrease of 3.71% and 3.63% at the close of the markets. The Auto sector is down 132.39 points at 12,322.75 while the banking sector is up 24.49 points at 13,535.12 and the realty sector is down 2.75 points at 1,377.67. The Indian currency is down 0.42% at Rs 61.30 per dollar.
No-frills airline AirAsia has started operating from New Delhi on Thursday, besides expanding its list of flying destinations to Visakhapatnam, Andhra Pradesh.The capital city will act as a base for the Indo-Malaysian low-cost carrier to cater to North Indian market. AirAsia will now run flights from New Delhi to Bengaluru, Guwahati and Goa.”We are very excited to step into Delhi. The celebration today is the result of constant hard work, meticulous planning and undying dedicated spirit of our team. I would like to thank everyone associated with AirAsia India for the support. We hope to enable more people to experience air travel in India,” AirAsia India chief executive Mittu Chandilya told The Economic Times.As part of an introductory offer, the company enables the customers to book tickets at ₹1 per km to Visakhapatnam. The airline is set to run flights to the city from next month.Budget carrier opened bookings for the destination on Thursday and the offer will end on 24 May. The travel covered under the new offer is between 18 June 2015 and 31 May 2016.As per the new offer, the flight tickets from Bengaluru to Visakhapatnam will cost ₹1,400 (all-inclusive), the airline told NDTV Profit.The inaugural flights from New Delhi were also charged at ₹1 per km.Excluding the new route, AirAsia runs flights to Chennai, Kochi, Goa, Chandigarh, Jaipur and Pune with Bengaluru as South Indian hub.Even after commencing its operations almost a year ago, the company still has no plans to run flights to Mumbai. It has a fleet of 5 Airbus A320s and employs 540 people.”As an airline we are not profitable as yet, but we are very close to it,” Chandilya told Hindustan Times.Another low-cost airline, SpiceJet, launched a special discount offer ‘CelebrationSale’ on Tuesday to mark completion of 10 years in the industry. The discount offer, which commenced on Tuesday (19 May), ends on 21 May midnight and comes with fares starting from ₹1,010.
India, which imports about 80 per cent of its fuel needs, could see its finances going haywire if a recent statement by Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid al-Falih proves right. On Sunday, the minister said that crude oil prices are “nearing their end” since the demand-supply dynamics are improving.”The current down cycle is nearing an end. Market fundamentals, in terms of supply and demand, have begun to improve. We are optimistic that oil prices will continue to improve in the future,” Khalid al-Falih told a joint press conference with his Russian counterpart Alexander Novak on Sunday after a Gulf ministerial meeting in Riyadh, reports AFP.Oil prices have rebounded sharply from $30 per barrel in January this year to levels of $50 currently in the global market.As a businessman put it aptly, it could well end India’s honeymoon on inflation.”As oil touches 50$, India’s honeymoon on inflation, current account may be over. Micro needs to improve faster as macro tail winds slow down,” Uday Kotak, executive vice-chairman and managing director of Kotak Mahindra Bank, tweeted in May.India’s disproportionate dependence on crude oil to fulfil its massive fuel consumption makes it vulnerable to rise in prices in the international market. If the cost of landing crude goes up, there is a cascading effect on domestic petrol, diesel and aviation fuel prices, spiking inflation.This could be politically disadvantageous for Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP), which is eyeing a comeback in Uttar Pradesh where elections are due early next year.A win in India’s largest state would not only strengthen the ruling party at the Centre, but also enable it to improve its numbers in the Upper House (Rajya Sabha), crucial to pushing economic reforms that have a pan-India effect.The international crude oil price for India was $49.41 per barrel on October 21, up from $24.47 on January 21, 2016, according to data published by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas.India’s crude oil imports rose 9.1 per cent to 18.81 million metric tons in August 2016, year-on-year.Most of the refining and fuel retailing business in India is handled by state-run companies — Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Oil India Limited. All the firms are listed on stock exchanges.The two prominent players in the private sector are Reliance Industries Limited (RIL) and Essar Oil. The latter recently sold 98 per cent stake to a consortium led by Russia’s Rosneft for $12.9 billion.
.The Supreme Court on Monday upheld the HC order that asked the authorities concerned to remove all the illegal stairs from Mayor Mohammad Hanif Flyover, reports news agency UNB. A three-member Appellate Division bench led by chief justice SK Sinha disposed of the leave to appeal petition filed by Orion Infrastructure Limited, the builder company, seeking stay on a High Court order. Barrister Rokanuddin Mahmud moved for the Orion Infrastructure Limited while Attorney General Mahbubey Alam stood for the state. On 31 May, the High Court, in its suomoto move, asked home secretary, commissioner of Dhaka Metropolitan Police (DMP), mayor of Dhaka South City Corporation (DSCC) and Orion Infrastructure Limited to demolish the stairs from the flyover. Later, the chamber judge of the Appellate Division of the SC justice Syed Mahmud Hossain passed a status quo order following a plea filed by the builder company, seeking stay on a High Court order. The suo moto move has been given after the court took into its cognisance a report headlined ‘Mayor Mohamamd Hanif Flyover: None took action against illegal stairs!’ published on 28 May.