5 powerlifters die in crash on Haryana-delhi border

NEWDELHI: Two-time world champion Saksham Yadav was among five powerlifters killed in a car crash on national highway 1 near the Haryana border in northwest Delhi early on Sunday.

Their friend, Rohit, survived the crash but is gravely injured, Rohini deputy commissioner of police Rajneesh Gupta said. He is admitted to a private hospital.

The six friends were on their way to Murthal to celebrate the birthday of Tikamchand, who too died after the driver lost control of the car and hit a road divider around 3.40am.

“The car climbed the divider and smashed into a signage pole. The vehicle turned 90 degrees, standing upside down with the bumper touching the ground for a brief moment, before rolling over a few times and hitting the divider again to come to a halt,” said an investigator.

The other three dead athletes were Yogesh, Saurabh Kashyap and Harish Roy. Police are trying to find out if this is case of drink driving since liquor bottles were found in the vehicle. Eyewitnesses told investigators that the car was moving at more than 100kmph before it crashed. Residents of the area and a police patrol extricated the men — aged between 18 and 27 — from the mangled car.

They were taken to hospitals, where Yogesh, Saurabh, Tikamchand and Harish were declared dead on arrival.

The 23-year-old Saksham died at the AIIMS Trauma Centre, where he was admitted with serious head injuries and internal bleeding. “He died of a cardiac arrest at 6.38pm,” a doctor said.

Saksham won the world championships in Slovakia in 2016 and in Russia the following year. He was a former Delhi, north India and national champion. MUMBAI: The first signs of a rebound in corporate earnings growth will likely be visible in the December quarter due to the favourable effect of a low base a year ago and higher consumer spending in the festive season, analysts say. The earnings will also indicate whether the disruption caused by the implementation of the GST on July 1 has receded. The Nov 8, 2016 invalidation of high-value banknotes squeezed consumption in the third quarter of 2016-17, hitting sales and profits of companies.

In the three months ended December 2016, aggregate sales of Sensex companies grew by 3.8%, Ebitda by 7.7% and net profit by 1%. For Nifty companies, sales, Ebitda and net profit grew 4.9%, 9.6% and 10.3%, respectively. Ebitda — or earnings before interest, taxes, depreciation and amortisation — is a measure of operating profitability.

A boost to consumer demand from festivals should also help firms post higher sales and profit growth, analysts said. The rupee’s appreciation may, however, hurt earnings of exporters, and higher commodity prices may take a toll on the margins of packaged consumer goods makers. According to Edelweiss Securities Ltd, a recovery in earnings will gain momentum on the back of the low base effect and the fading impact of Gst-related disruptions.

SAKSHAM YADAV, TWOTIME WORLD CHAMPION, AMONG THOSE KILLED