Counting underway in Gujarat, Himachal Pradesh: BJP takes early lead over Cong

News Network
December 18, 2017

The results, which will forecast the fortunes of Prime Minister Narendra Modi and Congress president Rahul Gandhi 15 months ahead of Lok Sabha polls, either way, will have a huge impact on national politics. It would set the tone for the Assembly elections in mid-2018, including in Karnataka, while also indicating whether Modi would think of preponing the Lok Sabha elections by 6-7 months, as speculated by some quarters.

Exit polls have given the BJP a comfortable edge in Gujarat, where it is predicted to retain power, and in Himachal Pradesh where it is expected to dethrone Congress.

All eyes will be on Gujarat where both Modi and Gandhi, who took over as Congress chief on Saturday, campaigned vigorously. The campaign saw Modi and BJP chief Amit Shah targeting the Congress on issues like Ram Temple and allegations of Congress leaders using Pakistan to influence polls while Gandhi attacked Modi for not talking about development.

At least eight exit polls have suggested a clear victory for BJP with 99 to 146 seats in 182-member Gujarat Assembly. Analysts, however, said the Congress is likely to fare better than what the pollsters have predicted (36 to 82 seats).

Results from Saurashtra, where traders were upset with BJP over demonetisation and GST and North Gujarat where its MLAs were facing anti-incumbency would be watched keenly, as the performance in these regions would seal its fate.

For the Congress, an impressive show would increase the confidence of Gandhi besides boosting the Opposition prospects of taking on the BJP.

The result will also show whether Congress' rainbow coalition of Patidars, OBCs and Dalits and its reliance on three youth icons Hardik Patel, Alpesh Thakore and Jignesh Mevani worked in its favour. Gandhi will also be tested on his strategy to visit temples, giving rise to accusations that the Congress was indulging in soft Hindutva.

An adverse result for the Congress could mean that it may get alienated from secular and Left parties, who already have silently expressed objections. However, an impressive show would obviously add more power to the efforts to stitch an umbrella Opposition coalition for the Lok Sabha polls.

On the other hand, a victory in Gujarat would further boost the confidence of BJP to face the Assembly polls in Karnataka and other states. This would also come 15 months ahead of the Lok Sabha polls while some speculate that Modi may think of advancing the General Election in case BJP gets a decisive mandate.

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News Network
November 25,2024

Udupi: Six junior artists from the prequel of Kannada blockbuster film ‘Kantara’ were injured, when the bus they were travelling in overturned in the district, police said on Monday.

According to police, the accident occurred near Jadkal on Sunday night when the mini-bus carrying the crew of the film overturned.

“The incident happened while they were returning to Kollur after completing the shoot at Mudoor in Jadkal. The mini-bus was carrying 20 junior artistes when it met with the accident,” a police officer said.

The injured were rushed to hospitals in Jadkal and Kundapur for treatment, they said.

The Kollur police are investigating the matter.

"The news making rounds is completely false. The Kantara: Chapter 1 team began shooting at 06:00 AM today, and everything is proceeding as normal. A minor accident occurred 20 kilometres away from the shooting location, involving a local bus carrying some members of the Kantara team. However, no injuries were reported," a source close to the production said.

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News Network
November 21,2024

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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.

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News Network
November 17,2024

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An Israeli airstrike on the office of Syria’s Baath party in Lebanon’s capital Beirut has killed the Lebanese resistance movement Hezbollah's Media Relations Officer, Mohammad Afif, reports say.

Lebanon's National News Agency (NNA) reported that the Israeli raid struck the Ba'ath party’s building in central Beirut district of Ras Al-Naba'a on Sunday, adding that the strike was an attempt to assassinate the leader of the resistance media front.

According to Baath Secretary-General Ali Hijazi, Afif was having a meeting in the Baath Party headquarters when Israel carried out the attack.

"Afif did not fight with weapons and did not lead a military unit in Hezbollah. Rather, he led a media unit," he said.

Reuters, Sky News, Al Jazeera and a number of Henrew-language media reported that Afif was killed in the Israeli strike.

However, Hezbollah has not yet confirmed Afif’s death or whether he was present at the site or not.

Earlier, the Lebanese Health Ministry said at least one person was killed and three others injured after an Israeli strike targeted a central district in Beirut.

Lebanon's al-Mayadeen television network reported that five people were killed in the attack.

The latest development came after Afif said Hezbollah was behind the Caesarea operation and targeting Netanyahu’s home during a speech at the Ghobeiry area in the southern suburbs of Beirut on October 22.

This was the second assassination attempt on Afif in the last two months, after he survived an attack on the Hezbollah media relations office several weeks ago.

Israel launched a ground assault and massive air campaign against Lebanon in late September after a year of exchanging fire across the Lebanese border in parallel with the Gaza war.

At least 3,287 people have been killed in Israeli strikes in Lebanon over the past year, with the vast majority in the past seven weeks. Another 14,222 have been wounded, mostly women and children.

In response to the ongoing aggression, the Lebanese resistance movement Hezbollah has been staging hundreds of retaliatory strikes against the occupied Palestinian territories and the Israeli forces trying to advance on southern Lebanese areas.

The movement has vowed to sustain its strikes until the regime ends the escalation.

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