KKR vs LSG highlights Score: Lucknow win by 1 run over Kolkata in a do-or-die battle

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Set to be clad in local giants Mohun Bagan’s iconic green and maroon jersey, Lucknow Super Giants would find themselves at home as they look to seal their playoff berth knocking out a hapless Kolkata Knight Riders in the final IPL game, here Saturday.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Maharashtra govt to hike aid for couples in mass marriages to Rs 25,000, says CM Shinde

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Maharashtra Chief Minister Eknath Shinde on Saturday said the financial assistance provided to couples in mass marriages will be increased from Rs 10,000 to Rs 25,000.

Shinde was speaking at a mass marriage event in Palghar district, where at least 325 couples tied the knot in his presence.

Addressing the gathering, the chief minister said mass marriages were the need of the hour, as people cannot afford big weddings.

The government will hike the financial assistance provided to eligible couples during mass marriages to Rs 25,000 from the present Rs 10,000 and directives will be given to the concerned officials regarding the same, he said.

Speaking about developmental projects in the district, Shinde said a 150-bed ESIS Hospital is coming up in the region, which will cater to the working class.

The Mumbai Metropolitan Regional Development Authority (MMRDA) will carry out various projects to develop Palghar, he said.

The chief minister also met with representatives of the Tarapur Industrial Manufacturers Association in Boisar and discussed issues related to industries in the area.

Talking to reporters, Shinde said his government was “pro industry” and its policies were in favour of industries and their growth.

The government will ensure better infrastructure and facilities for industries to ensure that they do not face any problems, he said, adding that he has instructed industries in the district to provide jobs to locals.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

India benefits from China plus one strategy, but stock selection remains a challenge: Samir Arora

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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India’s emergence as a significant beneficiary of the China+1 strategy has caught the attention of global investors. As businesses seek to diversify their supply chains and reduce dependence on China, India presents an attractive alternative with its vast consumer market, skilled labour force, and improving infrastructure.

In an interview with CNBC-TV18, Samir Arora, Founder and Fund Manager of Helios Capital said that India is a big beneficiary of China+1 strategy and it is simple to believe, but it is not simple to bet on it in terms of specific stocks.

He said, “India is a big beneficiary of China+1 and it is simple to believe, but it is not simple to bet on it in terms of specific stocks, but big picture in terms of FII flows, FDI, it is just easy to understand, and I am going with that one line for the next few months.”

Also Read | Solving India-China border issues will require political will and trust on both sides, says expert

From a macroeconomic perspective, India appears well-positioned to benefit from the China+1 trend. Foreign Institutional Investment (FII) flows and Foreign Direct Investment (FDI) are key indicators of global investor sentiment and confidence in a country’s growth potential.

Also Read | Elon Musk’s plan to use traditional advertising for Tesla grabs marketers’ attention

India has witnessed a steady inflow of FII funds in recent years, indicating international investors’ growing interest in the Indian market. Additionally, the Indian government has implemented several reforms to attract FDI, making it more conducive for foreign companies to establish a presence in the country. These factors contribute to the positive sentiment surrounding India’s potential as a China+1 beneficiary.

Also Read | Editors’ Roundtable | FIIs return to Indian equity markets

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

SEBI proposes to cut listing time for IPOs from 6 days to 3; seeks public comment

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Market regulator SEBI has proposed to cut the listing time for shares on stock exchanges, from six days currently to three. The draft proposal is titled, “Consultation paper on reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3” and comments have been invited until June 3.

“The proposed reduction in timelines for listing and trading of shares will benefit both issuers and investors. Issuers will have faster access to the capital raised thereby enhancing the ease of doing business and the investors will have opportunity for having early credit and liquidity of their investments,” SEBI has observed.

In November 2018, SEBI introduced Unified Payment Interface (UPI) as an additional payment mechanism with Application Supported by Blocked Amount (ASBA) for Retail Individual Investors and prescribed the timelines for listing within six days of closure of issue (T+6), T being the day of closure of Issue.

Also read: SEBI proposes expanding definition of QIB for debt market

Over the last few years, SEBI has ensured that a series of systemic enhancements have been undertaken across all the key stakeholders of IPO ecosystem to streamline the activities involved in the processing of public issues which will pave the way to reduce the listing timelines from T+6 to T+3.

Making a strong case for reduction in listing timelines, the market regulator notes, “The inputs of all stakeholders including Stock Exchange(s), SCSBs, Sponsor Banks, NPCI, Depositories, Registrars have been taken with respect to the proposed reduction in timeline and their readiness to process the public issues in the proposed T+3 framework.”

Also read: AMC stocks under pressure after Sebi suggests uniform total expense ratio for mutual funds

The regulator said, “Extensive back testing and simulations have been done by all stakeholders including Stock Exchange(s), SCSBs, Sponsor Banks, NPCI, Depositories and Registrars in respect of various key activities involved in the public issue process.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Meet BZ Zameer Ahmed Khan, Siddaramaiah’s close aide and only minority face in new Karnataka government

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Veteran Congress leader Siddaramaiah was sworn in as the new Chief Minister of Karnataka at a grand ceremony at Kanteerava Stadium in Bengaluru today while DK Shivakumar took oath as the Deputy CM. Apart from these two leaders, eight Congress MLAs were also sworn in as Cabinet Ministers, which include five-time MLA BZ Zameer Ahmed Khan.

In the 2023 Karnataka Assembly election, BZ Zameer Ahmed Khan contested on a Congress ticket and won from the Chamarajpet Assembly constituency in the Old Bangalore region. He defeated the BJP candidate, former city Police Commissioner Bhaskar Rao, by a margin of 53,953 votes.

ALSO READ | All you need to know about KJ George, Siddaramaiah’s close confidant and new Karnataka minister

Chamarajpet constituency has been a stronghold of BZ Zameer Ahmed Khan as he has won from the same seat in five consecutive Assembly elections.

Khan is one of Congress’ most prominent Muslim faces in Karnataka and is said to be a close aide of CM Siddaramaiah.

ALSO READ | Who is Satish Jarkiholi, Belagavi’s influential leader and new Karnataka Minister

BZ Zameer Ahmed Khan started his political career with the JD(S) and was elected as an MLA in the Chamarajpet Assembly by-poll in 2005. In 2006, he went on to serve as the minister of the Haj and Wakf Board in the Karnataka government led by HD Kumaraswamy.

It is worth noting that Khan was expelled by the JD(S) in 2016 after he allegedly cross-voted for Congress candidates and went against the party’s whip in the  Rajya Sabha elections. Later, Khan and six other former JD(S) MLAs joined the Congress in the run-up to the 2018 Assembly elections.

ALSO READ | Student leader to Cabinet Minister: Rise of Karnataka Congress chief’s son Priyank Kharge in state politics

The seasoned politician contested on a Congress ticket from the Chamarajpet constituency and defeated the BJP candidate by a margin of 33,137 votes. Furthermore, he managed to secure an impressive vote share of 54.35 percent in 2018. He was subsequently made the Minister for Food, Civil Supplies, and Consumer Affairs after the Congress-JD(S) coalition government came to power in 2018.

The Central leadership of Congress and CM Siddaramaiah have tried to accommodate representation from all communities in the new government and Khan’s inclusion is being seen as an attempt to send the right message to the minority community.

ALSO READ| Meet five-time MLA and new Karnataka Minister MB Patil

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Sameer Wankhede Rs 25 crore bribery case: CBI questions former NCB chief for 5 hours

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The CBI on Saturday questioned former Mumbai NCB chief Sameer Wankhede for over five hours for ellegedly demanding a Rs 25 crore bribe from superstar Shah Rukh Khan for not implicating his son Aryan in the Cordelia cruise ‘drug bust’ case, an official said.

Wankhede reached the Central Bureau of Investigation (CBI) office in Bandra-Kurla Complex (BKC) around 10.15 am.

Talking to media persons while entering the agency office, Wankhede just said “Satyamev Jayate” (truth alone triumphs). He didn’t speak to media persons while leaving the office.

The Indian Revenue Service (IRS) officer was given a lunch break for around 30 minutes at around 2 pm. He returned to the CBI office and joined the investigation. He left for the day at around 4:30 pm, the official said.

Also read: Big revelations against Sameer Wankhede in drug case ahead of urgent hearing in court today

It was his first appearance before the agency after the case was registered against him, the official said.

The CBI had summoned the former Mumbai Narcotics Control Bureau (NCB) zonal director for questioning on Thursday in connection with the case, but he did not appear that day.

The central agency booked Wankhede and four others on May 11 for alleged criminal conspiracy and threat of extortion, besides under provisions pertaining to bribery under the Prevention of Corruption Act on a complaint by the NCB.

On Friday, Wankhede got a relief from the Bombay High Court which directed the CBI not to take any “coercive action”, such as arrest, against him till May 22.

Seeking quashing of FIR, Wankhede alleged before the HC that the “draft complaint” in the 2021 drugs-on-cruise case named Aryan Khan as an accused, but it was later replaced and Aryan’s name was dropped.

Also read: Former NCB officer Sameer Wankhede skips CBI questioning in Aryan Khan bribery case

Among other things, his petition also provided transcriptions of phone chats with Shah Rukh Khan during the period Aryan was in NCB custody. It cited Khan as pleading with Wankhede to be kind to his son and praising the officer for his “uprightness” Aryan was arrested by the NCB on October 3, 2021, following the alleged drug seizure on board the Cordelia cruise ship here. He was granted bail by the high court three weeks later as the anti-drugs agency failed to substantiate its charges against him.

The CBI alleged that the NCB’s Mumbai zone had received information in October 2021 regarding the consumption and possession of narcotic substances by various individuals on the cruise ship, and some NCB officers conspired to get bribes from the accused in return for letting them off.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Who is Satish Jarkiholi, Belagavi’s influential leader and new Karnataka Minister

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The new government in Karnataka was officially sworn in today, with Siddaramaiah assuming office as the Chief Minister for a second term and DK Shivakumar as his deputy. Alongside eight MLAs were inducted as Cabinet Ministers.

The new Karnataka Cabinet included many veteran Congress leaders including former Member of Legislative Council (MLC) Satish Jarkiholi

Who is Satish Jarkiholi?

Satish Laxmanrao Jarkiholi, an influential figure in Karnataka politics, won from the Yamakanmardi constituency in the Belagavi district in the recently concluded Assembly election. Satish Jarkiholi is also the Working President of the Karnataka Pradesh Congress Committee (KPCC).

ALSO READ | Student leader to Cabinet Minister: Rise of Karnataka Congress chief’s son Priyank Kharge in state politics

Born on 1 June 1962 in Gokak, Karnataka, Satish Jarkiholi comes from a politically active family. He is the brother of Ramesh Jarkiholi, a BJP MLA from Gokak, and Balachandra Jarkiholi, who represents the Arabhavi constituency. Satish Jarkiholi is married to Shakuntala Jarkiholi, and the couple has a son and a daughter.

Satish Jarkiholi, affectionately called ‘Sahukar’ in his constituency, is known for his outspoken nature and his activism against superstitions. He is a prominent figure in the sugar industry and holds significant influence in the politically significant Belagavi district.

ALSO READ | All you need to know about KJ George, Siddaramaiah’s close confidant and new Karnataka minister

As a member of the Nayak-Valmiki Scheduled Tribe community, Satish Jarkiholi is one of five politically influential brothers in his family. While the Jarkiholi brothers often find themselves as political opponents, Satish stands out as someone who does not rely on astrology or auspicious days for his political decisions. As the founder of the “Manava Bandhutva Vedike” organisation, which opposes superstitions, he has challenged conventional beliefs by filing nominations on what is considered an inauspicious day.

Satish Jarkiholi served as the Minister of Forest, Ecology, and Environment in Karnataka from December 2018 to July 2019. He also held portfolios related to small-scale industries and excise in the Siddaramaiah-led cabinet. In the Congress-JD(S) coalition government led by HD Kumaraswamy, he served as the Minister for Forest and Environment.

ALSO READ |  Meet KH Muniyappa, Dalit leader and veteran Congress leader sworn in as Karnataka Cabinet minister

Throughout his political career, Satish Jarkiholi has made significant contributions to his constituency and the cooperative sector. He enjoys popularity among the people of his constituency and surrounding areas. In his efforts to combat superstitions, he has even spent nights in graveyards during the death anniversaries of Dr BR Ambedkar.

Despite facing electoral challenges, such as an unsuccessful bid in the 2021 by-poll for the Belagavi Lok Sabha seat, Satish Jarkiholi continues to be a prominent figure in Karnataka politics.

ALSO READ| Meet five-time MLA and new Karnataka Minister MB Patil

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Sebi proposes institutional mechanism for AMCs for deterrence of possible mkt abuse, fraudulent transaction

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Hrithik Roshan to Chiranjeevi: Celebrities who wished RRR star Jr NTR on his birthday

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Jr NTR, the renowned actor who has garnered global recognition with the phenomenal success of RRR, celebrates his 40th birthday today. As the actor turned a year older, a wave of warm wishes flooded social media from his fellow celebrities. Notably, Hrithik Roshan, his co-star in the upcoming film War 2, penned a witty birthday wish that revealed exciting details about their collaboration.

Hrithik Roshan, known for his charismatic on-screen presence, took to Twitter to extend his heartfelt wishes to Jr NTR. Writing in Telugu, the Bollywood star said, “Puttina Roju Subhakankshalu Mitrama,” which translates to “Happy Birthday, friend.” His message subtly confirmed that Jr NTR would be seen locking horns with Hrithik Roshan in the highly anticipated War 2. Hrithik further added, “Let’s meet on the battlefield soon,” alluding to the intense action-packed sequences fans can expect in the movie.

ALSO READ |  Jr NTR makes it to Variety magazine’s Best Actor Oscars prediction list

Expressing excitement for their collaboration, Hrithik wrote, “Happy Birthday @tarak9999! Wishing you a joyous day and an action-packed year ahead. Awaiting you on the yuddhabhumi, my friend. May your days be full of happiness and peace… until we meet. Puttina Roju Subhakankshalu mitrama!” While Hrithik did not explicitly mention War 2 in his birthday wish, he dropped enough hints to stoke the anticipation surrounding this pan-Indian blockbuster.

Happy Birthday @tarak9999! Wishing you a joyous day and an action packed year ahead. Awaiting you on the yuddhabhumi my friend. May your days be full of happiness and peace

…until we meet 😉

Puttina Roju Subhakankshalu Mitrama 🙏🏻

— Hrithik Roshan (@iHrithik) May 20, 2023

Joining in the celebration, the official Twitter handle of RRR movie, shared their wishes, stating, “Wishing our BHEEM, Jr NTR a very Happy Birthday. Best wishes to all your future projects.” The RRR team’s message hinted at the actor’s pivotal role as Bheem in the highly anticipated historical drama.

Wishing our BHEEM, @tarak9999 a very Happy Birthday 🌊🌊🌊🌊 Best wishes to all your future projects ❤️❤️❤️#HappyBirthdayNTR pic.twitter.com/8Fh0wx37fo

— RRR Movie (@RRRMovie) May 19, 2023

Tollywood star Sai Dharam Tej tweeted, “Happy Birthday Tarak! Wishing you nothing short of exciting and extraordinary times ahead. Sending you loads of love, laughter, and joy your way. What a fierce role you’re in #Devara & All the best.” Sai Dharam Tej’s warm wishes reflected the admiration and camaraderie among the industry peers.

Happy Birthday Tarak @tarak9999 ♥️

Wishing you nothing short of exciting & extraordinary times ahead.
Sending you loads of love, laughter and joy your way.

What a fierce you’re in #Devara &
All the best 🤗 pic.twitter.com/X1K8ukj2k6

— Sai Dharam Tej (@IamSaiDharamTej) May 20, 2023

Telugu Superstar Mahesh Babu also joined the chorus of birthday wishes, saying, “Happy birthday Tarak! Wishing you an epic year ahead!!” His message underscored the anticipation and excitement surrounding Jr NTR’s future endeavours.

Happy birthday @tarak9999! Wishing you an epic year ahead!!

— Mahesh Babu (@urstrulyMahesh) May 20, 2023

Veteran actor Chiranjeevi expressed his admiration for Jr NTR in a tweet.

ALSO READ | Happy Birthday Jr NTR — check the RRR star’s many achievements

“Happy Birthday Tarak, a bundle of talent! May God bless you with all the success and happiness!” wrote Chiranjeevi.

Happy Birthday @tarak9999 , a bundle of talent !🎂💐May God bless you with all the success and happiness !

— Chiranjeevi Konidela (@KChiruTweets) May 20, 2023

Telugu superstar Allu Arjun also did not forget to wish his friend on the special day. He wrote, “Many many happy returns of the day Bava @tarak9999.”

Many many happy returns of the day Bava @tarak9999 . Hope you have a ( bloody 😉 ) good birthday .

— Allu Arjun (@alluarjun) May 20, 2023

After the phenomenal global success of RRR, Jr NTR has embarked on his next project, collaborating with his Janatha Garage director Koratala Siva for NTR 30, which has recently been titled Devara. The highly anticipated film is set to mark the Telugu debut of Janhvi Kapoor and Saif Ali Khan.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Divi’s Labs Q4 results: Net profit plunges 64% to Rs 321 crore, misses estimates

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Drug firm Divi’s Laboratories Ltd on Saturday reported a 64.1 percent year-on-year (YoY) decline in net profit at Rs 321 crore for the fourth quarter that ended March 31, 2023.

In the corresponding quarter last year, the company posted a net profit of Rs 895 crore. CNBC-TV18 Polls had predicted a profit of Rs 373.7 crore for the quarter under review.

In the March quarter, total revenue stood at Rs 1,950.8 crore during the period under review, declining 22.5 percent against Rs 2,518.4 crore in the corresponding period of the preceding fiscal. CNBC-TV18 Polls had predicted revenue of Rs 1,863.5 crore for the quarter under review.

Also Read: Hindustan Copper Q4 net profit zooms 49% to Rs 132 crore, declares dividend

At the operating level, EBITDA declined 55.8 percent to Rs 487.6 crore in the fourth quarter of this fiscal over Rs 1,104.4 crore in the corresponding period in the previous fiscal.

EBITDA margin stood at 25 percent in the reporting quarter as compared to 43.9 percent in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The board of directors of the company has proposed a dividend of Rs 30 per share of face valueRs 2 each i.e., 1,500 percent for the financial year 2022-23, the company said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow