'It was not our intention to hurt anyone's sentiments.'
Maharashtra Deputy Chief Minister Eknath Shinde, amid reports of growing discord with Chief Minister Devendra Fadnavis, has issued a warning, stating, "Don't take me lightly." Shinde's remarks come amidst a series of events suggesting tensions between the two leaders, including the appointment of guardian ministers for Raigad and Nashik, the establishment of separate project monitoring cells, and Shinde's absence from several meetings convened by Fadnavis. The recent downgrading of police security for 20 Shiv Sena MLAs further fuels speculation of a growing rift. While both leaders have denied any discord, the events suggest a power struggle within the ruling alliance.
Maharashtra Minister Uday Samant on Friday claimed that many leaders from the opposition Shiv Sena-UBT were in touch with his party and would be inducted in phases.
Shinde told us he wanted to build the organisation but honoured our request
Devendra Fadnavis, the Chief Minister of Maharashtra, inducted 39 ministers into his cabinet on Sunday. The new cabinet includes members from the BJP, Shiv Sena, and NCP, reflecting the coalition government formed after the recent state elections.
The Maharashtra Assembly elections witnessed the continued influence of political dynasties, with prominent families retaining their strongholds across the state. The Thackareys and the Ranes emerged as dominant forces, securing victories in various regions. The Rane brothers, Nilesh and Nitesh, won in Sindhudurg, while Uday and Kiran Samant secured victories in Ratnagiri. In Mumbai, Aaditya Thackeray retained his Worli seat, while his cousin Varun Sardesai won in Vandre East. The results underscore the enduring power of family connections in Indian politics.
A day after the RBI raised the benchmark lending rate by 35 basis points, Kotak Mahindra Bank Managing Director Uday Kotak on Thursday said the central bank may go for one more rate hike to bring inflation below its upper tolerance level of 6 per cent. Yesterday, the RBI indicated that it wants inflation to be within the band first and then move towards the target of 4 per cent, Kotak said at the CII Global Economic Policy Summit 2022. "My sense is that there could be one more rate hike and that may be the time for thinking about a pivot, but we got to watch very closely the data, and maybe around 6.5 per cent as it looks today, subject to what happens to the world, subject to what happens to oil, subject to what happens to many other things," he said.
With this, the Shiv Sena has become the second major political party to release its list of candidates for the state assembly polls. Its ally BJP released a list of 99 candidates on Sunday.
Samajwadi Party MLA Abu Asim Azmi's remarks praising Mughal emperor Aurangzeb sparked outrage in the Maharashtra legislature, leading to calls for his suspension and accusations of treason. The issue, which was politicized by both the ruling coalition and opposition parties, led to the adjournment of both Houses of the state legislature. Azmi later retracted his statements, saying they were twisted and that he had not made any derogatory remarks against Shivaji Maharaj or Sambhaji Maharaj. The BJP, however, seized the opportunity to slam the Congress and other opposition parties, accusing them of trying to "eradicate" Sanatan Dharma. The Mumbai police have initiated a probe into the matter, registering a case against Azmi for his remarks.
From disagreement over guardian minister's post to taking separate review meetings to separate medical cells and 'war rooms' for monitoring projects, the unease between Maharashtra Chief Minister Devendra Fadnavis and his deputy Eknath Shinde seems to be growing.
Amid escalating tensions at the Uday Pratap College in Varanasi over a mosque located on its premises, police on Thursday restricted outsiders' entry to the campus, allowing only students with valid identity cards.
"We have no problem if the students here offer namaaz or worship in the mosque or temple on the college premises. But we do not accept that outsiders are gathering here in the name of offering namaz on the college premises," he said.
Reliance Industries Limited (RIL), Viacom18 Media (Viacom18), and The Walt Disney Company announced on Thursday that they have completed the merger of Viacom18's media and JioCinema businesses into Star India (SIPL), creating a mega joint venture valued at Rs 70,352 crore. The new entity will be guided by three chief executive officers (CEOs), "who will lead the company into a new era of ambition and disruption", according to a joint statement. Kevin Vaz will lead the entertainment division across all platforms, Kiran Mani will head the combined digital division, and Sanjog Gupta will oversee the sports operations.
Chhaava deserves 2 stars for the historically half-baked film that it is, but 4 stars just for its attempt on making a film on Sambhaji, observes Prasanna D Zore.
Pankaja Munde of the BJP -- Dhananjay Munde's cousin -- has been made the guardian minister of Jalna district.
Loud music, bombastic action scenes, over-the-top dialogues that don't have any ring of truth to it followed by scenes of blood-oozing bodies floating in a river definitely don't make for a magnum opus!' exclaims Prasanna D Zore after watching the Chhaava trailer.
The power ministry is planning to start a second version of UDAY, aimed only at reducing the losses of discoms and improving the quality of power supply.
Shiv Sena's Dadaji Bhuse is the new school education minister while Uday Samant continues to be the industries minister.
Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
'More than Eknath Shinde's wish, we want him (Shinde) to lead us in the government.'
'We have to be prepared for the larger disruption that is likely to take place.'
Shinde was reportedly not happy as he had to cede the top post to the ally BJP, and was reluctant to take the deputy CM post.
Amid intense discussions among Mahayuti allies over the distribution of portfolios and Eknath Shinde-led Shiv Sena's insistence on the home ministry, the clarity on the composition of the council of ministers is expected by Sunday, sources said.
Industry leaders including Google's India-born chief executive Sundar Pichai on Wednesday mourned the death of Ratan Tata, saying the veteran industrialist cared about making India better. "He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better," Pichai said in a post on X. Pichai recalled that his last meeting with Tata was at Google's office where they spoke about the progress of self-driving car Waymo.
Ajit Pawar's NCP, a constituent of Mahayuti, was winning or leading in 41 of the 59 seats it contested as per the latest figures released by the Election Commission.
The employees called off the strike following government's assurance of a salary hike
'Just being recognised for all my efforts towards the game feels good.'
Shinde had retained most of the sitting MLAs, who chose to be with him when he led the rebellion two years ago. They delivered for him on Saturday when votes for the state polls were counted.
Here's what your favourite Bollywood celebrities are tweeting.
With the RBI capping top managements' tenure at lenders, Kotak Mahindra Bank's head Uday Kotak on Monday said his current term as the managing director and chief executive is till December 2023 and the board will take a call on succession in due course. Kotak also stressed that the commitment to institution building has been a core value for the entity over the last 36 years of its existence. The RBI last week capped MD and CEOs' terms at private sector lenders at 15 years, from October 1 onwards, but has allowed the serving bank heads to complete their current appointments. Uday Kotak, who is also among the promoters of the lender, has been at the helm for over 17 years already.
The BJP-led Mahayuti alliance, which secured a landslide victory in the recent Maharashtra assembly elections, is set to form the new government in the state. Outgoing Chief Minister Eknath Shinde, his deputies Devendra Fadnavis and Ajit Pawar met Union Home Minister Amit Shah to finalize a power-sharing agreement. The alliance partners, BJP, Shiv Sena and NCP, will decide on ministerial berths at the meeting with Shah. Political circles are abuzz about the social equations in Maharashtra influencing the choice of the next Chief Minister.
The venture, they said, would focus on technology and media opportunities in emerging markets. Industry sources said the focus would be on digital media, with India being the big driver.
'I find the RBI edict to the Kotak Mahindra Bank to reduce Uday Kotak's shareholding very unreasonable,' says Sudhir Bisht.
He did not divulge any further information on what is going to be an intricate issue and hard bargaining.
The actor and now a Hollywood producer is clearly excited about his Cannes sojourn!
The poll aspirants who feel threatened are seeking to garner sympathy from their voters by meeting influential leaders like Jarange in the Marathwada region
Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hindenburg report, the US short seller said on Tuesday. Hindenburg Research, which had in a January 2023 report alleged stock market manipulations and accounting fraud at the Adani group, said it has received a show cause notice from the Indian markets regulator Sebi over gains made from betting on the conglomerate's shares.
Allocation to bank deposits -- fixed deposits, savings account deposits, and current account deposits -- came down.
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