India News
Government not interested in managing Vi operations, stock zooms over 6%
After Vi’s announcement on Tuesday, while the stock crashed, several analysts and global funds pointed that the development was a credit positive move from investors’ view, as it would enable the telecom to raise funds, thereby creating a pathway for longer-term survival.
The Centre has no plans to play a role in managing the operations of Vodafone Idea (Vi), despite possibly holding a 35.8% stake in the loss-making telcom firm, a senior officials said.
The officials also said that the government has no intentions of converting the carrier into a state-run company, nor is it keen on a board seat. It plans to exit once the loss-making telco stabilises, the officials added.
Shares of the loss-making telecom company Vodafone Idea on Wednesday recorded 6.78% higher at Rs 12.6 apiece at 10:15 am, a day after the stock tumbled 20.5% to Rs 11.8 on the National Stock Exchange.
After the company’s announcement on Tuesday that the Government would be its biggest shareholder, holding a stake of 35.8% in the company, followed by its promoter group companies Vodafone (28.5%) and Aditya Birla Group (17.8%), and that it would issue shares to the Govt at Rs 10 apiece, the stock nosedived.
After Vi’s announcement on Tuesday, while the stock crashed, several analysts and global funds pointed that the development was a credit positive move from investors’ view, as it would enable the telecom to raise funds, thereby creating a pathway for longer-term survival.
The Vice President of IIFL Securities said that for the 5G space, cash flows are required, and Vi’s recent development is a positive move towards debt resolution, which will attract investors.
India News
Uttar Pradesh: Train climbs on platform at Mathura railway station, woman injured
Chief Public Relations Officer of North Central Railways, Himanshu Shekhar affirmed that a high level inquiry would be conducted into the unusual incident.
In a tragic incident, a train climbed on the platform at Mathura railway station. According to reports, a woman sustained minor injuries when a local train climbed onto a platform at the Mathura Junction Railway Station on Wednesday.
An official concerned to the matter asserted that the Railways has ordered a high-level inquiry into the matter. According to the official from Agra division, the electric multiple unit (EMU) train arrived on platform 2A from Shakurbasti at 10.50 pm on Tuesday. The official narrated that after all the passengers, including the crew, had deboarded, the train rolled down the track and climbed onto a platform before coming to a stop.
Divisional commercial manager and public relations officers for the Agra division of the North Central Railways said that a woman received an electric shock and no one else was injured in the incident. The woman has been identified as Usha Devi (39). She is from Jhansi. After the accident, she was taken to a hospital and administered first aid. Following that, she was sent to Jhansi. Reportedly, few trains on the upline were affected.
Chief Public Relations Officer of North Central Railways, Himanshu Shekhar affirmed that a high level inquiry would be conducted into the unusual incident. The movement of the trains on all platforms except platform 2A is normal, the officials mentioned. Earlier, train traffic was affected after an overhead equipment (OHE) snapped.
In another incident, a 12-year-old boy based out of West Bengal’s Malda transformed his red shirt into a flag to signal the loco-pilot about the broken track the train was heading to, averting a possible accident. Following, the pilot reacted immediately and applied the emergency brake.
The incident took place last Sunday, close to the Bhakula road. Northeast Frontier Railway officials underlined that the boy waved his red shirt to an approaching train packed full of passengers after spotting a damaged track.
India News
BJP’s Shahnawaz Hussain suffers cardiac arrest, admitted to Lilavati Hospital
While giving information about the health of BJP leader Shahnawaz Hussain, Doctor Jalil Parkar of Lilavati Hospital said that he was admitted to Lilavati Hospital after cardiac arrest. He told that Shahnawaz Hussain has suffered a heart attack. After this the doctors performed his angioplasty.
Former Union Minister and BJP leader Shahnawaz Hussain has suffered a heart attack. According to reports BJP leader Shahnawaz Hussain suffered a cardiac arrest in the evening. After which he has been admitted to Lilavati Hospital in Mumbai. Shahnawaz Hussain is the national spokesperson of BJP and he has also been the Industry Minister in Bihar Government.
While giving information about the health of BJP leader Shahnawaz Hussain, Doctor Jalil Parkar of Lilavati Hospital said that he was admitted to Lilavati Hospital after cardiac arrest. He told that Shahnawaz Hussain has suffered a heart attack. After this the doctors performed his angioplasty.
He was one of the youngest Union Ministers in Atal Bihar Vajpayee’s Cabinet. The BJP leader held several portfolios, including Minister of State, Ministry of Food Processing Industries, Minister of State, Ministry of Human Resource Development, Minister of State (Independent Charge), Ministry of Coal, Minister of Civil Aviation and Minister of Textiles during Vajpayee regime.
Shahnawaz Hussain suffered a major setback when he had to face defeat in the 2014 Lok Sabha elections. Earlier in 2006, BJP had brought him to Parliament through by-election. After the defeat in the 2014 Lok Sabha elections, the party did not even give tickets in the 2019 elections. The seat from which Shahnawaz Hussain contested was given to JDU by BJP. However, JDU was a part of NDA at that time.
In the 2020 assembly elections in Bihar, BJP had fielded Shahnawaz Hussain for the Legislative Council elections. Shahnawaz Hussain was successful in winning and Chief Minister Nitish Kumar made him the Industries Minister. However, in 2022, BJP suffered a major setback when Nitish Kumar’s party JDU broke ties with NDA and formed the government with RJD.
Shahnawaz Hussain, who once enjoyed power, is now seen in the role of opposition in the Bihar Legislative Council. Bihar is the home state of Shahnawaz Hussain and Supaul is his home district.
India News
Students hold protest in Manipur after photos of two dead students surface online
The protesting students tried to march towards Chief Minister N Biren Singh’s residence
Hundreds of students took to the streets in Manipur’s capital, Imphal to protest against the brutal murder of two students by suspected armed men. The students demanded justice for the victims. According to reports, photos of two students, who apparently have been decapitated, have gone viral across the social media platforms.
The protesting students tried to march towards Chief Minister N Biren Singh’s residence, after which security forces used tear gas shells and smoke bombs in an effort to disperse the crowd. Reportedly, multiple students were injured and they were hurried to the hospital for medical treatment.
The photos that have gone viral show two students, a 17-year-old girl and a 20-year-old boy, sitting at the grassy compound in what appears to be a makeshift jungle camp of an armed group.The girl is seen in a white shirt and the boy in a checked shirt holding a backpack. Behind them, two armed men were clearly visible.
In the next viral photo, their bodies are seen slumped on the ground. According to reports, as the girl was a minor, officials concerned to the matter are looking into the allegations of rape, before she was murdered.
Meanwhile, N Biren Singh led Manipur government has asked the people of the northeastern state to exercise restraint and allow authorities to investigate the kidnapping and killing of both the students. In a statement issued by the secretariat of Chief Minister N Biren Singh late on Monday night, the state government asserted that the case has been already handed over to the Central Bureau of Investigation (CBI).
In addition, the government also assured the public that swift and decisive action will be taken against all those involved in the crime. The statement further underlined that the government was committed to ensuring justice for the murdered students and severe punishment on any perpetrators found responsible for this heinous crime.
