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There will be Shiv Sena CM in Maharashtra, no matter what: Sanjay Raut
Posted on 15th November 2019
In the ongoing political slugfest over government formation in Maharashtra, Shiv Sena leader Sanjay Raut said that no one can stop the party from acquiring the Chief Minister post.

In a press conference, Sanjay Raut said that there will be a Shiv Sena CM for "next 25 years", emphasizing strongly on the fact that Shiv Sena will be leading Maharashtra "no matter what".He also said that Shiv Sena is the biggest party in Maharashtra and will stay here forever.

On the issue of the Common Minimum Programme (CMP) being finalised by Congress, Shiv Sena and NCP for a coalition government in Maharashtra, Sanjay Raut said that the draft will benefit the people of Maharashtra, and talks are still going on over the issue.

On Thursday, Shiv Sena, Nationalist Congress Party (NCP) and Congress held a joint meeting to discuss the Common Minimum Programme (CMP). The leaders of the three parties have finalised the draft of CMP for a coalition government in Maharashtra after several rounds consultations

On reports suggesting that Shiv Sena has been asked to leave their Hindutva agenda, and drop their goal of conferring the Bharat Ratna to Savarkar, Sanjay Raut said that these reports were false, and reiterated Shiv Sena's commitment to fighting for the Hindutva idealogue.

He also lashed out at the BJP for not conferring the Bharat Ratna to Veer Savarkar in the past five years when the party was in power.

The party chiefs- Sonia Gandhi, Uddhav Thackeray and Sharad Pawar of Congress, Shiv Sena and NCP respectively are expected to hold another round of discussion over the common minimum programme for Maharashtra on Friday.

Shiv Sena and BJP contested the recently-held assembly elections together but failed to reach an agreement for government formation. The Shiv Sena's demand of 50-50 government formula, asking for the chief minister's post of two and half years was not accepted by the BJP.

After BJP failed to stake claim to form the government, the Shiv Sena has tried to enlist the support of NCP and Congress for an alliance government.

Since Shiv Sena has 56 seats in the Maharashtra Assembly, way below the half-way mark of 144, it will need both the NCP's 54 and Congress' 44 legislators to reach the magic number.

President's rule was imposed on Maharashtra on Tuesday after no party was able to form the government even 20 days after assembly election results which were declared on October 24.

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Verdict allowing women into Sabarimala not the 'final word': Supreme Court
Posted on 5th December 2019

The Supreme Court on Thursday said its 2018 verdict allowing entry of girls and women of all ages into the Ayyappa temple at Kerala's Sabarimala was not the final word as the matter was referred to a larger bench.

The apex court's observation came when senior advocate Indira Jaising, appearing for a woman devotee, Bindu Ammini, alleged violation of the 2018 verdict and said her client was attacked for her bid to enter the shrine.


Hyundai plans to bring fuel cell cars to India, Nexo could be first launch
Posted on 5th December 2019

Korean auto major Hyundai is planning to bring fuel cell electric vehicles to India. The company has already started a feasibility study as part of the plan.

Hyundai Nexo, which is already available in many markets, could be the first launch. The company claims Nexo is the world's first dedicated hydrogen-powered SUV and that it has a range of close to 380 miles, highest for any fuel-cell or electric vehicle in the market.


HDFC AMC slips 5% as Standard Life to sell additional stake via OFS
Posted on 5th December 2019

Shares of HDFC Asset Management Company (AMC) dipped 5 per cent to Rs 3,173 in intra-day deals on Thursday, after the company said it will use a greenshoe option for sale of additional 0.86 percent stake via offer for sale (OFS). The stock had ended 3 per cent lower at Rs 3,329 on the BSE a day earlier.

With the past two day's decline, HDFC AMC has corrected 17 per cent from its all-time high of Rs 3,844 touched on November 22, 2019.


RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5%
Posted on 5th December 2019

Springing a surprise, the monetary policy committee of the Reserve Bank of India (RBI) maintained the repo rate at 5.15 per cent points (bps) in its fifth bi-monthly monetary policy meeting of the financial year 2019-20 (FY20) on Thursday. However, GDP growth forecast for FY20 was slashed to 5 per cent from 6.1 per cent.

The three-day rate-setting meet started on Tuesday (December 3). In its October meet, the RBI had cut interest rate by 25 bps to 5.15 per cent.


Polycab India hits fresh record high; stock zooms 100% from August low
Posted on 5th December 2019

Shares of Polycab India continued their upward journey, and hit a new high of Rs 1,052, up 6 per cent on the BSE on Thursday, on expectation of strong earnings going forward. The company was included in the MSCI Global Small Cap Index with effect from November 26, 2019.

The stock of the fast moving electric goods (FMEG) company zoomed 100 per cent from its recent low of Rs 525, touched on August 22, 2019.


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