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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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7th pay commission: Good news for Jammu & Kashmir employees
Posted on 24th April 2018
The government of Jammu and Kashmir has decided to implement the recommendations of the seventh pay commission. With this move Jammu and Kasmir has become first state to do so. The J&K employees would get their revised salaries from this month. The J&K government announced the good news from its twitter handle on Tuesday.

Trai vs Bharti Airtel, Idea Cellular: TDSAT stays predatory pricing order
Posted on 24th April 2018
In a relief to old operators, telecom tribunal TDSAT today put an interim stay on reporting requirement of 'segmented offers' and the new definition for ascertaining 'significant market power' for predatory pricing by Trai.

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) in its interim order today, however, placed a qualifier on the reporting requirements, saying the Telecom Regulatory Authority of India (TRAI) will be entitled to ask for details of segmented discounts or concessions "for analysis" but that "no penalty shall be imposed on that basis" till further orders are given in the ongoing appeals by Bharti Airtel and Idea Cellular.


ICICI Securities IPO under Sebi scanner
Posted on 24th April 2018
Mumbai: The stock market regulator Securities and Exchange Board of India (Sebi) has sought details of a large investment made by ICICI Prudential Mutual Fund in the flop IPO of affiliate ICICI Securities Ltd, two people aware of the matter said.

ICICI Securities had to cut its IPO size to Rs3,520 crore from the original target of Rs4,017 crore because of poor investor interest. Of this, a large chunk was bought by ICICI MF.


RIL surges 4%, adds Rs 22,000 crore in m-cap after Jio beats Airtel, Idea in monthly subscriber addition
Posted on 24th April 2018
Shares of Mukesh Ambani-controlled Reliance Industries Ltd surged nearly 4% on Tuesday emerging as the top gainers on BSE Sensex after Reliance Jio Infocomm Ltd outperformed India’s largest telecom company Bharti Airtel Ltd and Idea Cellular Ltd in monthly subscriber addition in the month of February. According to the data released by the telecom regulator TRAI (Telecom Regulatory Authority of India) on Tuesday, Reliance Jio Infocomm added about 87.4 lakh new subscribers in February.

M&M's tractor business now worth twice as much as automotive division
Posted on 24th April 2018
Mahindra & Mahindra (M&M), the country’s biggest tractor maker, has seen its market cap swelling by over Rs 100 billion since the start of the new financial year, giving it a valuation of Rs 1.03 trillion. The stock hit a new high of Rs 839 on Tuesday, showing a cumulative increase of over 12 per cent since the beginning of April.

The only visible trigger for this price increase is the forecast of a normal monsoon by private forecaster Skymet, as well as the India Meteorological Department (IMD).


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