'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
A meeting presided over by Palaniswami said the appointment of Dinakaran as deputy general secretary was against party rules.
The fracas between Chief Minister Edappadi K Palaniswami and his deputy O Panneerselvam on Monday over who will be projected as the CM candidate in next year's assembly polls not only points to a possibility of another vertical split in Tamil Nadu's ruling party but will also come as sweet music for the opposition DMK which in the past stood to gain from the AIADMK's squabbles, says N Sathiya Moorthy.
The DMK leadership may now have to deal with a demand for more seats from its Congress ally in the Lok Sabha polls, predicts N Sathiya Moorthy.
IT company Wipro on Friday posted a 4 per cent rise in consolidated profit at Rs 3,092.5 crore in the fourth quarter ended March 2022. The company had registered a profit of Rs 2,974.1 crore in the same period a year ago. "We have had an outstanding year, finishing with USD 10.4 billion in revenues, and an industry-leading growth of 27 per cent Year-on-Year (Y-o-Y).
An adverse judgement could have triggered a political realignment in Tamil Nadu and brought the ruling party perilously close to losing its majority in the state assembly whose effective strength is 232. Two seats are vacant.
Part of the dues has been pending since 1995-96 - the inception year of the Employees' Pension Scheme administered by the EPFO. The Centre also owes the EPFO more than Rs 1,000 crore towards the minimum pension scheme it had notified in September 2014.
Smaller stocks continue to shine at the bourses. The BSE MidCap index is up 18 per cent since the beginning of January this year against a 5 per cent rise in the Sensex during the period. With the current rally, the mid-cap index has doubled in value since the end of March 2020 against a 70 per cent rally in the Sensex during the period. On Tuesday, the mid-cap index closed at 21,232, as compared to 17,941 at the end of December 2020. In the same period, the benchmark index moved from 47,751 to 50,193.
In signs of thaw on All India Anna Dravida Munnetra Kazhagam merger move, the factions led by Tamil Nadu Chief Minister K Palaniswami and the one by O Panneerselvam on Friday announced formation of their respective committees to hold discussions.
'Periods of high volatility are usually bad for mid-caps and this is something that has to be kept in mind.' 'Focus on quality is of paramount importance.'
'OPS did not back off.' 'He wanted transparency and he got it.'
"The 750-bed modern facility will be set up at Thoppur near Madurai at an estimated cost of Rs 1,500 crore," Palaniswami said.
Party sources indicated that there were "some ticklish issues" that were to be addressed by both groups, but declined to elaborate further.
Vellore is one of the two seats that the DMK alliance won by the narrowest of margins in 2019. For the DMK's vote-score to be so low in a constituency with a substantial Muslim population has not missed the BJP strategists' eyes, observes N Sathiya Moorthy.
This time round, even 'petrol coupons' were reportedly distributed for those attending campaign rallies, especially those addressed by top leaders, cutting across party lines. If this owed to the rising cost of petrol and diesel -- which is a poll issue this time -- there were the customary coupons for 'quarter' (liquor bottle size) and non-vegetarian biryani. Some media reports claimed that some of these 'crowds' attended more than one political rally on the same day in the last week, and at times for rival political parties in adjoining constituencies or districts, says N Sathiya Moorthy.
While reasonable safeguards should be built in, there can't be restrictions on the individual's right to leave her/his money to whoever s/he wants, notes Harsh Roongta.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Shares of HCL Tech hit a fresh record high of Rs 1,118.55 on Friday, up 2 per cent on the BSE in intra-day trade, surpassing its previous high of Rs 1,101 touched on Thursday in intra-day deals.
At an Onam celebration that took place recently at the Indian consulate in Dubai, Muraleedharan said nobody knows how legendary king Mahabali got linked with the celebrations.
Don't exit from growth-style funds as they may benefit next from a shift in investor preference.
While Aditi will be showcasing her acting in The Archies, she has also contributed music scores to the series.
Indian equity markets should be able to withstand inflation up to 8 per cent, said analysts at Credit Suisse Wealth Management in a recent note. Should the rate of inflation move higher than this, the valuation of Indian equities could deteriorate further, they cautioned. The fall from the peak levels has seen Nifty's 12-month forward price-to-earnings (P/E) ratio of 17.6 dip toward its 10-year and 5-year (pre-COVID) average of 16.9, which suggests that valuation froth of Indian equities has settled, said the Credit Suisse analysts.
For Prime Minister Narendra Modi to dig up the perceived past of the DMK rival, now under a new leader in M K Stalin, may not gel with the voters, both old and new. If they are still going to vote for the AIADMK-BJP combine, it will be for entirely different reasons, and despite Modi's poll speeches, says N Sathiya Moorthy.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
'See, nobody asked "Michael Jackson arrey, aap aaj kal toh filmon mein nahi gaate ho".' 'The problem is in India, a lot of undue importance is given to film singing.'
OPS said Jayalalithaa had turned the AIADMK into 'an iron fortress which cannot be shaken by anyone'.
ITC has been one of the best performing large-cap stock at the bourses thus far in calendar year 2022 (CY22), rallying nearly 52 per cent during this period and outperforming the sector benchmark - the S&P BSE FMCG index - by a wide margin that moved up around 17 per cent during this period. However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then. So, is the rally in the stock coming to an end, and is this a good time to book profit?
Unless controlled and contained, given the untested belief that the north Indian labour support and follow the Hindutva kind of political ideology, there is a potential in terms of ideological clashes with their Dravidian brethren in the local neighbourhoods, and it all escalating into violence, especially during election time, predicts N Sathiya Moorthy.
While analysts remains overweight on financials, property, discretionary, industrials and materials, they maintain a neutral stance on pharma, telecom and energy; and underweight on staples, utilities, and IT services.
AIADMK leaders and supporters pay homage to J Jayalithaa on her 5th death anniversary.
MK Stalin's ruling AIDMK rival does not thankfully face such problems as he did, but its problems could be worse if saner counsel does not prevail between now and the assembly polls, warns N Sathiya Moorthy.
Sushmita gives attitude... Ayushmann likes this time... So does Mouni...
The BJP and the AIADMK are unable to sort out ideological differences, observes N Sathiya Moorthy.
Palanivel Thiaga Rajan was on the hit-list, not because the chief minister was unhappy with his performance, but because there were constant complaints from other ministers that he was sitting on their files far too long, observes N Sathiya Moorthy.
Sasikala's declaration of staying away from politics does not necessarily have to mean that she was retiring for good. She is only taking time to evaluate the post-poll chances of hers before digging in again, if possible, says N Sathiya Moorthy.
'The BJP wants an AIADMK government so that they can implement their policies.' 'All the policies implemented in UP are being implemented in Tamil Nadu.'
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
She's the first K-pop soloist to chart a Top 10 album for three weeks straight on Billboard 200.
You need eight to 10 hours of healthy sleep every night. Otherwise, your life and heart tend to fall apart, alerts Dr Santosh Kumar Dora.
In an audio clip of an phone conversation between Sasikala and one of the party cadres, which has gone viral on social media, the leader is heard confirming her plans of her return in the politics.
