The Election Commission (EC) will start reviewing preparedness of states for the Lok Sabha elections with a visit to Andhra Pradesh and Tamil Nadu next week.

The Commission led by Chief Election Commissioner Rajiv Kumar and comprising Election Commissioners Anup Chandra Pandey and Arun Goel will be in Andhra Pradesh and Tamil Nadu between January 7 and 10.

The Adani group, which is redeveloping Dharavi slums, plans to finance the entire project via internal accruals and possible sale of equity in the special purpose vehicle (SPV) set up for the project, according to sources.

Earlier this week, the company had appointed three companies, including noted architect Hafeez Contractor, as city planners to present a draft development plan for the Asia's largest slum cluster.

Poonawalla Fincorp Ltd’s Assets under Management rose 57 per cent Year-on-Year (YoY) to about Rs 21,850 crore in the third quarter ended December 2023 (Q3FY24) on the back of robust disbursements.

Sequentially, its AUM expanded by 8 per cent over in the second quarter ended September 2023 (Q2FY24), according to a filing with the BSE. Its AUM was at Rs 20,215 crore at the end of September 2023.

Coming down heavily at the Bharatiya Janata Party (BJP), Aam Aadmi Party (AAP) leader Jasmine Shah alleged that the only target of the BJP is to "finish" AAP and "arrest" Delhi Chief Minister Arvind Kejriwal before the upcoming Lok Sabha polls.

Speaking to reporters on Thursday, Shah claimed that all the summons served to the Delhi CM by the investigating agency were illegal.

Shares of Brigade Enterprises (BEL) rallied 13 per cent to hit a new high of Rs 983.65 on the BSE in Thursday’s intra-day trade on a healthy business outlook.

Since November, the stock of the real estate company has zoomed 60 per cent as it had reported a strong operational performance for the September quarter (Q2FY24).

Glenmark Pharmaceuticals on Wednesday launched the first biosimilar of popular anti-diabetic drug Liraglutide in India to lower the cost of therapy by about 70 per cent. The drug, marketed under the brand name Lirafit, has received approval from the Drug Controller General of India (DCGI). It is priced at approximately Rs 100 for a standard daily dose of 1.2 mg. This pricing strategy aims to make the drug accessible to patients with type 2 diabetes mellitus in the country, Glenmark said.

Shares of Torrent Power surged 13.5 per cent on the BSE to a fresh high of Rs 1,071.6 in Thursday’s intra-day trade after the company signed Memorandum of Understandings (MoUs) for projects worth Rs 47,350 crore with the Gujarat government.

In the past two months, the stock has outperformed the market by surging 38 per cent. Its previous record high of Rs 1,045.35 was touched on December 7, 2023.

YS Sharmila, the founder of YSR Telangana party (YSRTP), is set to join the Congress party soon. She will travel to Delhi on Wednesday where she is expected to meet All India Congress Committee (AICC) President Mallikarjun Kharge and party leader Rahul Gandhi to make the key announcement.

The younger sister of Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy, Sharmila had been in close talks with the Congress over the merger. According to the reports, she is likely to be made in-charge of elections for Southern states after the merger of the YSRTP with Congress.

The Polit Bureau of the Communist Party of India (Marxist) demanded the withdrawal of mandatory linkages to an Aadhar-based payment system from the Central Government.

CPI(M) in a statement said that the latest expression of the Modi government's active hostility towards the demand-based rural work guarantee law--the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is the imposition of an Aadhar-based payment system (ABPS) the deadline of which expired on December 31, snatching away the right to crores of workers.

The Supreme Court, on Wednesday, said that there were no grounds for taking away the investigation of the Adani group of companies in the Hindenburg report from the markets regulator. It granted the Securities and Exchange Board of India (Sebi) three months to complete the investigation of two pending matters.

The Supreme Court also refused to interfere in the Sebi's probe.

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