Shiv Sena crisis: Rebels rejoice SC relief, hectic politicking in BJP

News Network
June 27, 2022

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Mumbai, June 27: There was jubilation in the rebel Shiv Sena legislators' camp after the Supreme Court proceedings on Monday while hectic politicking started in the Bharatiya Janata Party and the mood turned sombre in the ruling Maha Vikas Aghadig.

Rebel leader Minister Eknath Shinde tweeted, "This is the victory of Hindu HridaySamrat Balasaheb Thackeray's Hindutva and the ideology of Dharmveer Anand Dighe."

The faction - currently in a Guwahati hotel - erupted into joy and celebrations after the apex court ruling and also expressed gratitude to the Centre for providing security to the rebel MLAs and their families.

Shinde is reported to have initiated the process to finalise and send a letter to the Maharashtra Governor that they have withdrawn support to the MVA government of Shiv Sena-Nationalist Congress Party-Congress.

On the Opposition side, the BJP's core committee meeting got under way with top leaders present to finalise their strategy to form the next government in the state, possibly with the help of the rebel group.

Shinde has claimed the support of 39 Sena MLAs, and 11 independents or other parties, totalling to 48, and the group is likely to extend its sojourn in Assam by a few more days.

Several leaders joining the meeting were seen beaming in anticipation and some flashed the 'V' sign, indicating an upbeat mood.

Hitting out again, MVA Minister Aditya Thackeray alleged that many of the MLAs were misled or abducted to join the rebel group and the party is ready to take them back.

"If the rebels had courage, they would have first resigned and faced the electorate instead of all this," said Thackeray Jr.

Sena chief spokesperson and MP Sanjay Raut said that "this a legal battle and will continue" and said the party will fight it out.

Court Relief For Rebel Sena MLAs

The Supreme Court (SC) on Monday virtually kept the disqualification proceedings initiated against 16 rebel Shiv Sena MLAs led by Eknath Shinde in abeyance, by extending the time for them to file their response to the notice issued by the Deputy Speaker, till July 12.

A bench of Justices Surya Kant and J B Pardiwala said the status quo needs to be maintained in the matter, in order to decide the competing claims. The 16 MLAs were given time to file their response by 5:30 pm Tuesday.

"We have to decide very competence of the Deputy Speaker if he is entitled to proceed with the matter. Today, we have to ensure that the matter does not become infructuous," the bench 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 18,2024

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Mangaluru: The Ullal police have arrested Manohar, the owner of Vazco Beach Resort, and its manager Bharath in connection with the drowning of three college girls from Mysuru at the resort’s swimming pool on November 17.

City Commissioner of Police Anupam Agrawal confirmed the arrests, stating that a case has been registered under Section 106 of BNS. The bodies of the victims, all in their twenties, have been handed over to their parents. The women had arrived at the resort for a weekend getaway on November 16.

Following the tragic incident, the resort was sealed by officials led by Mangaluru Assistant Commissioner Harshavardhan. The trade license of the resort, issued on June 13, 2024, has been suspended, and the tourism department has temporarily revoked the resort's registration. These actions prohibit the resort from engaging in any tourism-related activities until further notice.

Someshwara TMC Chief Officer stated that the suspension was due to the resort's failure to implement adequate safety measures, which resulted in the loss of three lives. Further investigations are underway.

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News Network
November 11,2024

Udupi, Nov 11: A traveller reportedly lost ₹4.1 lakh after attempting to book a cab online in Udupi. 

At around 1:30 PM on November 7, the man from West Bengal searched for car rentals on Google and selected a website named "Shakti Car Rentals." Shortly after, he was contacted by someone claiming to be "Rohit Sharma," who directed him to pay a registration fee of ₹150 on the site.

After unsuccessful payment attempts via both his Canara Bank debit card and SBI credit card (without receiving an OTP), "Rohit Sharma" instructed him to pay the driver directly. But at 1:47 PM, he received messages showing deductions of ₹3.3 lakh from his SBI credit card and ₹80,056 from his Canara Bank debit card, totaling ₹4.1 lakh.

The complainant alleges fraud through a deceptive link disguised as a booking token fee. A case has been registered at Udupi Town Police Station.

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