After Ahmed Patel’s victory D K Shivakumar emerges as a Cong hero

coastaldigest.com news network
August 10, 2017

Bengaluru, Aug 9: Vokkaliga strongman D K Shivakumar, who indirectly played a key role in the decisive victory of Congress veteran Ahmed Patel in Rajya Sabha elections from Gujarat, has now emerged as a hero among Congress leaders at national level.

The Energy Minister of Karnataka, who had to face the wrath of Centre’s ruling BJP in the form of I-T department raids, has also consolidate his position in the party ahead of looming Assembly polls.

Shivakumar is understood to have received a pat on his back from the Congress top brass, including AICC president Sonia Gandhi and her political secretary Ahmed Patel, for his efforts in hosting the Gujarat Congress MLAs at a resort near Bengaluru. Both Sonia and Patel are learnt to have called up Shivakumar on Wednesday and congratulated him. Ahmed Patel was the party candidate in the election.

Shivakumar took up the responsibility of safeguarding the Gujarat MLAs when there was a threat of them being poached by the BJP in Gujarat. Though he was away in Singapore, Shivakumar cut short his tour, rushed to Bengaluru and assumed charge of the MLAs. He, along with his brother and Congress MP D K Suresh, ensured that MLAs are safe despite Income Tax department raids on him for three days.

In fact, Shivakumar has proved himself as a crisis manager for the party on many occasions in the past. He had hosted around 70 Congress MLAs from Maharashtra during a political crisis in 2002. In 2014, Shivakumar ensured the victory of the party candidate in Bellary Rural Assembly constituency, which was considered the fiefdom of Ballari Reddy brothers. He is also credited with the party’s victory in the recently held byelection to Gundlupet Assembly constituency.

Ever since senior leader S M Krishna quit the Congress, Shivakumar has been trying to position himself as the Vokkaliga face of the party.

Speaking to reporters, Shivakumar charged the BJP with trying to woo Gujarat MLAs during their stay in Bengaluru. But all their efforts were in vain. He also said he has details of how efforts were made to poach the MLAs and that he would disclose them at the right time. “Ups and downs are common. The party leaders, including Sonia Gandhi and Chief Minister (Siddaramaiah), and the workers stood with me,” he added, referring to the I-T raids.

Comments

salam Bava
 - 
Thursday, 10 Aug 2017

we have to understand congress and DKS are up against Mr Modi, Mr Shah. And they think differently, they act differently, and if congress is not flexible in its approach, they will become irrelevant.
This is right time to Congress to recognize that India has changed. "Old slogans don't work, old formulas don't work, old mantras don't work. India has changed, the Congress party has to change.

So act of DKS is 100% justified

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coastaldigest.com news network
May 24,2020

Udupi, May 24: As many as 23 people tested positive for coronavirus in Udupi in past 24 hours, according to the latest bulletin released by the health and family welfare department.

While 18 were tested positive till noon, five more tested postive by evening.

With this the total number of covid-19 cases in the district rose to 76 including a death. Three have recovered. There 72 active cases.

Among 23 fresh cases, many had reportedly come from Maharashtra. A 44-year-old woman had returned from UAE. A 26-year-old man returned from Telangana.

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News Network
March 21,2020

Bengaluru, Mar 21: Karnataka Deputy Chief Minister CN Ashwath Narayan on Saturday said that all the IT companies in the state have agreed to close their offices and have also allowed some employees to work from home in the backdrop of the coronavirus pandemic.

"IT companies agreed to close their offices and allow employees, except for those discharging essential services, to work from home during a video conference with companies' representatives yesterday," said Narayan.

The Deputy Chief Minister said a circular regarding it will be issued soon.

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News Network
June 19,2020

Jun 19: Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months.

Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days.

Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.

Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020. "With these investments, RIL has become net debt-free," it said.

"I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021," Ambani said.

Jio Platforms - which houses the country's youngest but largest telecom firm Reliance Jio, raised Rs 1,15,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020.

Saudi Arabian sovereign wealth fund PIF buying 2.32 per cent stake in the unit for Rs 11,367 crore on June 18 "marks the end of Jio Platforms' current phase of induction of financial partners," the statement said.

Alongside, Reliance launched India's biggest right issue, which was subscribed to 1.59 times.

Though the rights issue size was Rs 53,124 crore, the company has got only 25 per cent of the money as the remaining is to be paid only next fiscal.

Ambani had at the company's annual general meeting on August 12, 2019, announced a roadmap for Reliance to become a net debt-free company before March 31, 2021.

"We have a very clear roadmap to becoming a zero net-debt company within the next 18 months that is by March 31, 202," he had said last year highlighting strong interest from strategic and financial investors in consumer businesses, Jio and Reliance Retail.

In the statement on Friday, he said he was both delighted and humbled to announce the fulfillment of the promise.

"Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance," he said.

"Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them," he added.

He said over the past few weeks, phenomenal interest was received from the global financial investor community in partnering with Jio.

"As our fundraising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms," he said.

"I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue," he added.

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