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Split ahead? JD(U) says hasn't demanded Tejashwi's resignation, but urges him to come clean
Posted on 15th July 2017
Is Janata Dal (United) and Rashtriya Janata Dal (RJD) alliance heading towards split in Bihar over the corruption charges against Bihar Deputy Chief Minister Tejashwi Yadav?

Even though Bihar Chief Minister Nitish Kumar has not demanded resignation of Tejashwi Yadav, it has ramped up pressure on alliance partner RJD asking it to come clean on the allegations against the Deputy chief Minister.

Tejashwi, son of RJD supremo Lalu Prasad, has been named by the CBI as an accused in its probe into the land-for-hotels scam case.

"Nitish Kumar is a person of high moral values. Whatever he has had to say has been said during the Vidhan Mandal meeting earlier. Nitishji did not demand resignation. said JD (U) leader KC Tyagi told ANI.

However, Tyagi said that to continue to uphold the principles of the party, it is necessary that the concerned minister come out clean.

In response to Lalu's earlier remark of an FIR being insufficient to resign, Tyagi said an FIR is lodged only on the basis of thorough preliminary investigation.

Meanwhile, Lalu Yadav has rubbished reports that Congress President Sonia Gandhi had called him up to mediate with Nitish over the Tejashwi issue.

"There has been no conversation between Sonia Gandhi and me on this issue. I totally reject this," he said.

The RJD chief had also said that the grand alliance in Bihar is an unbreakable bond.

Meanwhile, the Bharatiya Janata Party (BJP) demanded that Bihar Chief Minister Nitish Kumar must resign so that the fresh elections are conducted in the state.

BJP leader Rameshwar Chaurasia said that Nitish should resign as he is not working as per the spirit of the mandate that he got from people of Bihar.

Union minister and LJP leader Ram Vilas Paswan said the Bihar chief minister should take a decision on his association with the RJD 'at the earliest' as Lalu Prasad could break the JD(U) to form a government of his own.

The JD(U) has 71 MLAs and the other alliance partner Congress 27 while the BJP, which is the main opposition in the House, has 53 MLAs.


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Once billed as the world's cheapest car, the Tata Nano is set to make a comeback in an electric vehicle (EV) avatar, according to reports.

The Tata Nano electric, according to an Autocar India report, will be launched on November 28 under a new name — the Jayem Neo.


 
New Delhi: GMR Infrastructure Ltd’s standalone net loss for the September quarter narrowed to Rs276.41 crore due to a fall in provision for diminution in value of investments and advances.

The company had reported a net loss of Rs700.34 crore in the year-ago period. Its total revenue declined to Rs206 crore as against over Rs331.22 crore a year ago, GMR Infrastructure said in a BSE filing on Wednesday.


 
The stock market made a sedate start on Thursday as the benchmark Sensex rose marginally, leaning on renewed domestic institutional buying.

Technology, IT, realty and healthcare stocks found themselves on the buy list. Positive Asian cues came as early pointers for the market.


 
Despite a number of carmakers remaining positive of a strong double-digit growth in wholesale volumes in November owing to a low base due to the government’s decision to ban high currency notes last year, car dealerships paint a different picture. A Hyundai dealer based in Mumbai said sales have been lower than even November last year despite the demonetisation. “Sales have been unusually low, bookings are down by around 30%,” he said. Car dealers are attributing a dip in sales to expectation of customers that a likely reduction in the GST rates of cars is right around the corner.

RCom’s land in Navi Mumbai gets 8 bidders
Posted on 23rd November 2017
 
NEW DELHI: Reliance CommunicationsBSE -2.14 % (RCom) has received interest for its 125-acre land bank in Navi Mumbai and is understood to have finalised eight bidders for its development and sale.

Sources said the debt-laden company — which owes Rs 47,000 crore to banks and other lenders — is heavily banking on proceeds from the land monetisation as it can provide immediate cash to clear pending dues. The DAKC (Dhirubhai Ambani Knowledge Centre) campus in Navi Mumbai has the potential to develop 20 million sq ft for IT, commercial, and residential space.


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