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Telangana polls: TRS on course to retaining power if initial trends hold
Posted on 11th December 2018
The TRS was on course to return to power with a thumping majority in Telangana if the initial trends hold, with party candidates leading in 92 out of the total 119 assembly constituencies.

TRS chief K Chandrasekhar Rao (Gajwel), his son K T Rama Rao (Sircilla) and nephew T Harish Rao (Siddipet) have established handsome leads, as the party's gamble to go in for early elections seems to be paying off.

KCR, as the caretaker chief minister is referred to by many, is leading by 9,212 votes over his nearest Congress rival Vanteru Pratap Reddy.

Rama Rao was ahead of K K Mahender Reddy (Congress) by by 15,096 votes.

Harish Rao was leading by 19,989 votes over his nearest TJS nominee Bhavani Reddy.

Several of KCR's cabinet colleagues were leading in their constituencies.

"This was expected because the people have accepted the (welfare) schemes (initiated by the government)...the infrastructure that has been built....24-hour power supply and timely pensions," TRS floor leader in the Lok Sabha, A P Jithender Reddy told PTI.

The Congress, which forged an opposition alliance with the Telugu Desam Party, the Telangana Jana Samiti, and the CPI, is heading for a heavy defeat, according to initial trends.

The Rahul Gandhi-led party is ahead in only 16 segments, while the TDP headed by the Andhra Pradesh Chief Minister N Chandrababu Naidu was leading in just two.

The BJP, which had won five seats in alliance with the TDP in the previous elections in 2014, went alone this time and was leading in two constituencies.

Telangana BJP president K Laxman was trailing his TRS rival M Gopal in Musheerabad seat in Hyderabad by 2710 votes.

The AIMIM led by Hyderabad Lok Sabha member Asaduddin Owaisi that won seven seats in 2014 was leading in five.

Party leader and Owaisi's younger brother Akbaruddin Owaisi was leading by over 34,OOO votes over his nearest Congress rival Esa Bin Obaid Misri in Chandrayangutta.

Telangana state Congress chief N Uttam Kumar Reddy is leading in Huzurnagar constituency by 1,852 votes over his nearest rival Saidi Reddy of TRS after the third round.


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Sensex snaps 8-day winning run, dives 222 points on profit booking
Posted on 22nd March 2019
Mumbai: Snapping its eight-day winning streak, the BSE benchmark Sensex declined by over 222 points on Friday to end at 38,164.61 as investors booked profits after Fitch Ratings cut India's growth forecast.

The 30-share index opened on a positive note at 38,452.47, but soon succumbed to heavy selling pressure, touching an intra-day low of 38,089.36. It finally closed at 38,164.61, down by 222.14 points, or 0.58 per cent. On similar lines, the NSE Nifty shed 64.15 points, or 0.56 per cent, to finish at 11,456.90.


Hyundai shareholders inflict big defeat on U.S. fund Elliott in proxy vote
Posted on 22nd March 2019
Hyundai Motor Group companies’ shareholders rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate.

Although Hyundai fended off the threat from Elliott at the closely watched vote, it still faces a daunting challenge of winning shareholder support for a planned restructuring that should aid the handover of the group’s reins to heir apparent Euisun Chung.


Fitch assigns investment grade rating to NTPC’s proposed notes
Posted on 22nd March 2019
Fitch Ratings Friday said that it has assigned BBB-(EXP), an investment grade rating, to NTPC’s proposed senior unsecured notes.

The proposed notes are to be issued out of the company’s USD 6 billion medium-term note programme and are rated at the same level as the NTPC’s senior unsecured rating, as they will constitute its direct, unconditional, unsubordinated and unsecured obligations, a Fitch Ratings statement said.


Reliance Jio vs Vodafone Idea vs Airtel: Two TRAI 4G speed tests, two different winners
Posted on 22nd March 2019
Which is the fastest 4G telecom operator in the country? According to the Telecom Regulatory Authority of India (Trai), it is Reliance Jio by one methodology and Bharti Airtel by another.

Even the average download speed is very divergent in the two sets of methods adopted by the regulator.


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