Amit Shah to kick off BJP's poll campaign in Karnataka with yatra

Agencies

October 31, 2017

New Delhi, Oct 31: BJP chief Amit Shah will kick off the party's campaign in Karnataka, which goes to polls early next year, by flagging off an 84-day 'yatra' led by its chief ministerial candidate B S Yeddyurappa.

Shah will flag off the 'yatra' on November 2 in Bengaluru in the presence of various state leaders and Union ministers, sources in the party said.

The yatra is expected to cover more than 7,500 km passing through all the 224 constituencies in the state. It will conclude on January 28, with Prime Minister Narendra Modi's public rally in Bengaluru, they said.

The party has already announced that Yeddyurappa, currently the party's state unit president, would be its chief ministerial candidate for Karnataka.

An influential Lingayat leader, he had led the saffron party to its maiden victory in the southern state in 2008, but had to resign following charges of corruption against him.

Yeddyurappa floated his own outfit in 2011 following his differences with the then central leadership of the party.

Though his party performed poorly in the 2013 Assembly polls, it managed to wean away a substantial chunk of the BJP votes, leading to a rout of the saffron party. But later, he returned to the BJP fold ahead of the 2014 Lok Sabha election.

The assembly elections in the state are likely to witness a three-way fight between ruling Congress, the BJP and former Prime Minister H D Deve Gowda-led JD(S).

The elections in the state assume significance as they would be held just a year ahead of the general election.

Comments

In photo behind they are all on fake smile.. But in reality everybody looks like someone is forcing them to act. They know that they are fooling people but they cannot reject their devils.

First - Yatra, then demolish society, then fool the bakhts with Money (15 lakhs - here not sure?) Then attack innocent, then LOOT like demonitisation, Then GST like tax.. FOOLs will NEVER undestand THIS logic of LIARS and DECIEVERS.

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Adani Group in Crisis: $30 Billion Wiped Out after US Bribery and Fraud Charges Emerge

News Network

November 21,2024

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

Comments