I'll not suggest any names for CM post: Yediyurappa

by Argus News

Bengaluru, July 26: B.S. Yediyurappa announced that he will not be suggesting any names for the coveted post minutes after he stepped down as the Karnataka Chief Minister on Monday. However, sources said that Yediyurappa will spare no effort to install a candidate from his camp to the position.

"I will not suggest any names. It is the prerogative of the BJP party high command to choose the new chief minister," he added.

After submitting his resignation to Governor Thaawarchand Gehlot, he also said that he will extend full cooperation for the candidate chosen by the party. The party is capable of choosing the right candidate, he added.

Yediyurappa also tweeted that his decision to step down was his own. Speaking after his visit to the Raj Bhawan, the Interim Chief Minister stated that he voluntarily took the decision to step down from the post to make way for a new CM in the state.

He also maintained that he will continue in politics serving the party organisation. He said he will not ask for any position from the party in future. "There is no question of me sitting idle or going out of politics. I will strive to bring back the party to power every time," he underlined.

"I once again add that, there was no pressure from Delhi. I only decided to tender resignation on the occasion of completion of two years in office," he stated.

"It has been an honour to have served the state the past two years. I have decided to resign as the Chief Minister of Karnataka. I am humbled and sincerely thank the people of the state for giving me the opportunity to serve them," he said on Twitter.

He further stated, "I am grateful to PM Narendra Modi Ji, J.P. Nadda Ji, HM Amith Shah Ji for their support."

"Sarvodaya (Welfare of all) through Antyodaya (Welfare of the last poor man) has been the guiding philosophy of our party. In the last 50 years, upliftment of poor, oppressed, backward communities, senior citizens, women and children has been my priority and I dedicated myself to bring positive changes in the lives of the people," he claimed.

"Our tallest leaders, starting from Pt Deen Dayal Upadhyayaji, Syama Prasad Mookerjee, Atalji, Advaniji, Murali Manohar Joshiji have inspired me to dedicate myself to serve the nation. I have also received immense love and support from Modiji, Amit Shahji and Naddaji," his Tweet read.

"Deeply influenced by Jagajyoti Basavanna's philosophy of Kayaka (work), Dasoha Tattva (service philosophy) & the life of Lingaikya (late) Sri Shivakumara Swamiji of Siddaganga Mutt, I have dedicated my entire 50 years of public life towards nation building and fulfilling the aspirations of the people of Karnataka," Yediyurappa maintained.
(IANS)

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Adani Stocks Outperform Nifty Over Last Seven Days

by Hemanta Pande

New Delhi, Dec 6: Over the past seven days, the Adani Group of Stocks has outperformed the Nifty 50. The group companies have experienced gains of between 16 per cent and 63 per cent said Vaibhav Vidwani, Research Analyst, Bonanza Portfolio.

He said that Adani Total Gas -- one stock that has more than doubled investor wealth -- has increased in value over the past seven days by more than 60 per cent.

He said that in addition, the stock has dropped the most year-to-date by as much as 70.5 per cent, and it is currently trading at a 73.65 per cent discount to its 52-week high.

He said that the Adani Power and Adani Ports, two Adani group enterprises, are near to 52-week highs during this period.

Also Read: Adani Green Accomplishes Its Construction Financing Framework At $3bn

Nifty closed on a positive note, while most sectorial indices closed in the green. Nifty IT and Nifty Energy were among the outperforming sector up by 1.67 per cent and 1.55 per cent respectively.

Wipro, LTIMindtree, ITC, L&T and TC were among top gainers on the Nifty, while losers includes Adani Enterprises, Eicher Motors, Cipla, NTPC and UltraTech Cement.

Vinod Nair, Head of Research at Geojit Financial Services said post-state elections, market optimism thrives, confirming policy continuity and meeting investor expectations.

He said that a robust FII reversal is fuelled by receding inflation and dropping yields in both US and Indian markets. The allure of Indian market gains post-China credit rating downgrade and decline in oil prices was followed by ease in geopolitical tensions.

He said that a strong rebound in IT, driven by reduced US recession risks and in anticipation of robust summer demand, fuels the momentum in the power sector.

Also Read: Business News

He said that despite a promising outlook, short-term profit booking may occur due to domestic premium valuation concerns.

He said that lingering El Nino risks, a drop in reservoir levels, and reduced sowing may hold RBI to profoundly upgrade H2FY24 growth and reduce future inflation estimates.(IANS)

PM Modi To Inaugurate Uttarakhand Global Investors Summit On Friday

by Hemanta Pande

New Delhi, Dec 6: Prime Minister Narendra Modi will on Friday visit Dehradun to take part in the inauguration ceremony of the 'Uttarakhand Global Investors Summit 2023', an official release from the PMO said.

The event will be held at Forest Research Institute, Dehradun. The Prime Minister will also address the gathering on the occasion.
'Uttarakhand Global Investors Summit 2023' is a step towards establishing Uttarakhand as a new investment destination. The two-day summit is themed - "Peace to Prosperity".

The summit will be attended by thousands of investors and delegates from across the world. It will witness the participation of Union Ministers, Ambassadors of various countries along with leading industrialists, among others.

Earlier, on Friday, Uttarakhand CM Pushkar Singh Dhami, while addressing the Social Media Influencers Meet ahead of the Global Investors Summit, said that Uttarakhand is one of the safest states in the country in terms of law and order and is most suitable for investment.

"We went to many places in the country and abroad regarding the Investors Summit from where we got a very good response. So far investment proposals worth Rs 2 lakh crore have been signed," Dhami said, adding that the maximum focus of the state government is on employment generation.

The Uttarakhand CM, further during the Social Media Influencers Meet, called upon everyone to spread the word about this event in the country and the world through their means so that Destination Uttarakhand, Global Investors Summit becomes trending everywhere.

The Global Investors Summit is to be held in Dehradun on December 8-9. The 2-day long Investors Summit will be a platform for business delegations, corporate leaders, academia, Innovators and Government leadership from across the globe, to collectively explore business opportunities and partnerships in the state of Uttarakhand. Participation of 5,000+ delegates (both national and international) is expected at the summit.

According to the Uttarakhand Government it's 15plus investor-friendly sectoral policies, good governance initiatives, enabling regulatory environment and sustainable practices will be showcased at the Summit. Summit will also host Business-to-Business (B2B) and Government-to-Business (G2B) meetings to support and aid in better decision-making for its investors.

Read: National News

The Summit will also provide opportunities for exhibitors and private and public organizations to collaborate and showcase cutting-edge technologies, innovations, and future trends. Summit sectoral sessions will enable genuine and comprehensive discussions on industry challenges and opportunities. (ANI)

Janhvi Gives Shoutout To ‘Sunshine’ Khushi For ‘The Archies’

by Hemanta Pande

Mumbai, Dec 6: Actress Janhvi Kapoor has turned cheerleader for her sister Khushi, whom she called her sunshine, for her debut project ‘The Archies’.

Janhvi took to her Instagram stories, where she shared a picture with her sister Khushi. In the image, the ‘Roohi’ actress is seen hugging her sister, who is seen wearing her mother’s dress and jewelry for the premiere of the upcoming film.

Janhvi captioned the image: “The sunshine of my life and now sunshine in cinema. You are magical.”

‘The Archies’ is directed by Zoya Akhtar. It stars Agastya Nanda, Khushi Kapoor, Suhana Khan, Vedang Raina, Mihir Ahuja, Aditi Saigal and Yuvraj Menda. The film is scheduled for release on Netflix on 7 December 2023.

Read: Entertainment News

The film is set in 1960s India, Archie and the gang navigate romance, friendship and the future of Riverdale as developers threaten to destroy a beloved park.(IANS)

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