'They ditched 25-yr-old friend, will dump Ajit also'

News Network
November 25, 2019

Mumbai, Nov 25: The Shiv Sena on Monday launched a scathing attack on the BJP, saying those who did not respect their 25-year-long friendship with the Uddhav Thackeray-led party will one day dump NCP leader Ajit Pawar as well.

An editorial in Sena mouthpiece 'Saamana' also targeted Maharashtra's Deputy Chief Minister Ajit Pawar, saying his rebellion has failed and it will be proved in the next few days.

Devendra Fadnavis took oath as chief minister like a "thief on the run", it said in sarcastic remarks.

"It is height of cheating as the governor accepted a letter of support submitted by Ajit Pawar which he had stolen from his party office. We don't want to insult this institution by calling it 'shamelessness'," the Sena said.

Fadnavis and his followers, who earlier wanted to put Ajit Pawar behind bars, are now chanting slogans in support of the chief minister and his deputy for new government formation, it noted.

In a dramatic turn of events, Fadnavis and Ajit Pawar were sworn in as chief minister and deputy chief minister respectively by Governor Bhagat Singh Koshyari at 8 am on Saturday at a hush hush ceremony in Raj Bhavan here, leading to the lifting of the President's rule in the state.

The BJP was propped up by NCP's Ajit Pawar who revolted against his party headed by his uncle Sharad Pawar.

The BJP and the Sena, which fought the last month's Assembly polls in an alliance, secured a comfortable majority by winning 105 and 56 seats respectively.

The Sena, however, broke its three-decade-long ties with the BJP after the latter declined to share the chief minister's post.

The NCP and Congress won 54 and 44 seats respectively.

"The people who did not respect the 25-year-long friendship with the Shiv Sena will one day throw away Ajit Pawar as well," the Marathi daily said, alleging that the BJP lured the NCP leader and both cheated the entire state.

"Those who think power is above all, are in their last lap. The people of the state need to just wait for some time (to see it)," the Sena said.

The BJP's "art of deceiving and culture of brokering" has led Maharashtra into this political instability, it said.

"First they lost a friend like the Shiv Sena and now they are committing crime like a seasoned criminal," the publication said in stinging remarks.

The BJP has done away with its principles and morality and decided to stoop low to retain power in Maharashtra. In the given situation, it is impossible for the BJP to prove majority in the state Assembly, the Sena said.

"It is like milking a bull," it added.

In the 288-member House, the BJP will have to prove support of 145 MLAs to remain in power.

"The entire state is ridiculing the BJP. The party otherwise likes to take a high moral ground, but it has been unmasked now. Even Prime Minister Narendra Modi would be uncomfortable with such backlash," the Shiv Sena said.

If some people feel they can do whatever they want with the help of power, investigation agencies and lot of black money, then it is an insult of Chhatrapati Shivaji's Maharashtra, it said.

The BJP (Fadnavis) rushed and took the oath along with Ajit Pawar, when it learnt that talks of the Sena-NCP-Congress combine on government formation were nearing conclusion.

"It is like blackening the tradition of Maharashtra politics," remarked the Uddhav Thackeray-led party.

The BJP should no longer indulge in hypocrisy of observing the imposition of Emergency by Indira Gandhi as a 'black day', as it has more frequently misused the office of President and Governor for its own political gain, the Sena charged.

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News Network
March 26,2020

Panaji, Mar 26: Three persons, all with travel history abroad, tested positive for coronavirus in Goa on Wednesday, health department officials said, as the tourist haven joined the states which have reported COVID-19 cases.

This is the first time the tourist state has reported coronavirus positive cases.

The Directorate of Health Services, in a late night press statement here, said three suspected cases of COVID-19 from Goa, whose test results were awaited, have turned out positive.

All three are male patients of ages 25, 29 and 55 years. They have travel history of returning to Goa from Spain, Australia and the USA, respectively, the officials said.

The condition of the trio, admitted in Goa Medical College and Hospital near here, is stable, the officials added.

Chief Minister Pramod Sawant said the state is providing the best healthcare facility to the diagnosed patients.

I have been informed by the state Directorate of Health services that three individuals have been tested positive for #COVID19 in Goa.

"We are providing the best healthcare facility to the diagnosed patients, he said.

Their condition is stable at present. e have also traced their contacts and are quarantining them, Sawant added.

Health Minister Vishwajit Rane said the government is taking all precautions and following guidelines related to the viral infection.

In view of the three positive coronavirus cases in Goa, we are following all guidelines laid down by the central government and taking all precautions with the support of chief minister Pramod Sawant, he said.

Our testing facility will be up and running in the next two days. Our team of doctors is doing its est to make sure we contain the spread of virus in the state, Rane added.

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News Network
January 1,2020

New Delhi, Jan 1: Newly-appointed Chief of the Defence Staff General Bipin Rawat on Wednesday said the armed forces stay away from politics and work as per the directives of the government of the day, remarks that come amid allegations that the forces were being politicised.

Gen Rawat also said that his focus as CDS will be to integrate the efforts of the three services and to work as a team.

"We keep ourselves away from politics. We act according to the directives of the government of the day," he said.

Gen Rawat said his focus will be to ensure best and optimal use of resources allocated to the three services.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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