Rahul loyalists Scindia, Deora quit Cong posts

Agencies
July 7, 2019

New Delhi, Jul 7: The spate of resignations within the Congress continued on Sunday with Rahul Gandhi loyalists Jyotiraditya Scindia and Milind Deora resigning their posts in the party, weeks after the Lok Sabha poll debacle.

While Scindia resigned as AICC general secretary for Western Uttar Pradesh, Deora resigned as Mumbai Congress chief; both took moral responsibility for the party's poor electoral show in their respective areas.

"Accepting the people's verdict and taking accountability, I had submitted my resignation as General Secretary of AICC to Shri Rahul Gandhi.

"I thank him for entrusting me with this responsibility and for giving me the opportunity to serve our party," Scindia tweeted.

Deora said he is looking forward to play a role at the national level to help stabilise the party.

He recommended setting up of a provisional collective leadership comprising three senior Congress leaders to oversee the party's city unit till the Maharashtra assembly polls, due later this year.

"We all will have to get ready for roles that these times demand," he said, adding political realities have changed since the Lok Sabha poll results were declared on May 23.

Taking on the BJP-Shiv Sena and negating the impact of the 'Vanchit Aghadi' is a challenge for the Congress in Maharashtra, a statement issued by Deora's office on Sunday said.

Deora had expressed his desire to quit after meeting Congress leader Rahul Gandhi in New Delhi on June 26.

"The same has been conveyed to All India Congress Committee general secretaries Mallikarjun Kharge and K C Venugopal," the statement said.

Deora was appointed president of the Mumbai Congress before the Lok Sabha polls and he had replaced Sanjay Nirupam.

"I had accepted MRCC presidentship in the interest of uniting the party. I felt I should also resign after meeting Rahul Gandhi," he said.

Gandhi quit as Congress president and informed about it via Twitter on Wednesday, but the Congress Working Committee, the highest decision-making body of the party, is yet to decide his successor.

"I have suggested a three-member panel (to oversee the city party unit) and I am being consulted by leaders to identify names. I look forward to play a national role to help stabilise the party. Needless to say, I will continue to guide and unite the Mumbai Congress," Deora said.

Deora unsuccessfully contested Lok Sabha election from Mumbai-South constituency, but lost to Shiv Sena's Arvind Sawant.

Indian Youth Congress president Keshav Chand Yadav too had resigned Saturday, taking moral responsibility for the poor electoral show.

A number of middle-rung leaders have resigned their posts in the Congress, but top leaders have refrained from quitting after Gandhi quit as Congress president.

The party's top leadership, which is now looking for a replacement for Gandhi, will have a new team once the new Congress chief is appointed and some more resignations are likely to pour in till then.

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News Network
July 11,2020

New Delhi, Jul 11: Poll strategist Prashant Kishor took a swipe at Bihar Chief Minister Nitish Kumar on Saturday, saying this is time to fight the coronavirus not elections and that he should not endanger people's lives in a "hurry" to hold the assembly polls.

"The coronavirus situation in Bihar is worsening like it is in many other states of the country. But a big part of government machinery and resources are busy making preparation for the polls.

"Nitish Kumar ji, this isn't time to fight elections but the coronavirus. Don't endanger people's lives in this hurry to hold the polls," he tweeted.

Kishor, once a confidant of the JD(U) president before he turned a critic and was expelled from the party, joins leaders like LJP chief Chirag Paswan and RJD's Tejashwi Yadav in suggesting that the Bihar assembly polls should be deferred due to the pandemic.

Polls in Bihar are due in October-November but the Election Commission has so far not made any official announcement about its schedule.

The BJP and the JD(U) have been holding organisational meetings and said that they are ready for the elections.

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Agencies
July 24,2020

Mumbai, Jul 24: Reliance India Limited (RIL) on Friday overtook ExxonMobil to become the world's second most valuable energy company and 46th among the world's largest companies by market capitalisation.

RIL's market capitalisation stood at Rs 14.16 lakh crore (USD 189.3 billion) at market close on Friday. ExxonMobil's current market value is USD 184.77 billion.

"Reliance Industries, with a market capitalisation of USD 189.3 billion now is the second-most valuable energy company in the world. Reliance Industries now stands at 46th among the world's largest companies by market capitalisation ahead of well-known names like ExxonMobil, Abbott Laboratories, Oracle Corp, Chevron and Unilever Plc, and just below PepsiCo," RIL said in an official release.

RIL continued its rally on Friday, notwithstanding overall weak market conditions.

RIL shares made a new all-time high of Rs 2,163 and were last traded at Rs 2,148.8 on NSE with a gain of 4.4 per cent. The market capitalisation of fully paid-up shares stands at Rs 13.62 lakh crore (USD 182.06 billion), the release said.

Reliance partly paid-up shares gained 9.33 per cent on NSE today to last trade at Rs 1289.95. The partly paid-up shares now have a market capitalisation of Rs 0.55 lakh crore (USD 7.29 billion).

"Reliance's share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or $73.5 billion. Thus, RIL has added $115.9 billion to shareholder wealth within just four months - one of the highest value creation feats in the world in such a short time," the release said.

Reliance had earlier raised Rs 212,809 crore through Rights Issue, combined investments in Jio Platforms and investment by bp.

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News Network
March 19,2020

Rome, Mar 19: Italy on Wednesday reported 475 new deaths from the novel coronavirus, the highest one-day official toll of any nation since the first case was detected in China late last year.

The total number of deaths in Italy has reached 2,978, more than half of all the cases recorded outside China, while the number of infections stood at 35,713.

The previous record high of 368 deaths was also recorded in Italy, on Sunday. The nation of 60 million has now recorded 34.2 percent of all the deaths officially attributed to COVID-19 across the world.

With the death rate still climbing despite the Mediterranean country entering a second week under an effective lockdown, officials urged Italians to have faith and to stay strong.

"They main thing is, do not give up," Italian National Institute of Health chief Silvio Brusaferro said in a nationally televised press conference.

"It will take a few days before we see the benefits" of containment measures, said Brusaferro. "We must maintain these measures to see their effect, and above all to protect the most vulnerable."

Imposed nationally on March 12, the shutdown of most Italian businesses and a ban on public gatherings are due to expire on March 25.

But school closures and other measures, such as a ban fan attendance at sporting events, are due to run on until April 3.

A top government minister hinted Wednesday that the school closure would be extended well into next month, if not longer.

The rates within Italy itself remained stable, with two-thirds of the deaths -- 1,959 in all -- reported in the northern Lombardy region around Milan, the Italian financial and fashion capital.

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