Ahead of the counting of votes, Tripura's Chief Electoral Officer Kiran Gitte conducted review meetings in South Tripura, Gomati and Sepahijala districts. The review meeting was conducted in the presence of state Chief Secretary JK Sinha and Director General of Police (DGP) Amitabh Ranjan and Additional DGP Saurabh Tripathi. The concerned District Magistrates, Superintendent of Police and senior officers attended the review meetings. It was discussed that the guidelines of the Election Commission of India shall be followed for the smooth completion of the counting process. Meetings with political parties, candidates and Election agents shall be held by the DM, SPs and Returning Officers (RO). Adequate measures shall be taken for maintaining law and order before and after the counting process. The Counting Observers are expected to be deputed by the Election Commission of India starting from February 28. Notably, the counting of votes of 60 assembly constituencies shall … [Read more...] about Tripura polls: Top election official holds review meeting ahead of counting
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BJP accuses AAP of cross-voting in mayor’s election, obstructing Standing Committee polls
AAP As the voting for MCD standing committee carried on till late Wednesday night amid adjournments, BJP accused AAP members of obstructing the election process and also of cross voting in the election for the posts of mayor and deputy mayor which underwent earlier in the day. The AAP rubbished the claim saying the question doesn't arise and what matters is that AAP won both those posts. Delhi BJP Spokesperson Praveen Shankar Kapoor claimed Aam Aadmi Party councillors "openly cross voted" in mayor and deputy mayor elections earlier in the day. "There were 150 votes of AAP while two independents and one Congress Councillors openly announced their support to AAP taking their tally to 153 but party mayoral candidate Shelly Oberoi got just 150 votes. "While BJP which had 113 votes got 116 votes in mayor election clearly showing three Aam Aadmi Party councillors voted for BJP today," Kapoor claimed. He also alleged that AAP never had the intention to let election for the … [Read more...] about BJP accuses AAP of cross-voting in mayor’s election, obstructing Standing Committee polls
Onboarding delay: How long should you wait and what is your recourse if the company declines?
Once the offer letter is issued to the candidate and he/she accepts the same, it becomes a valid and enforceable contract (Letter of Appointment), said Abhinay Sharma, Managing Partner at law firm ASL Partners. (Photo: Jeshoots via Unsplash) When IT giant Wipro delayed onboarding and later changed the terms and conditions for job offers that it had already extended, freshers were taken by surprise. The development is a sign of the larger impact the economic slowdown has had on companies’ hiring plans. Given this reality, candidates need to do a bit of due diligence before signing up. Though it's hard for candidates to judge what lies ahead after getting a job offer, Moneycontrol interacted with HR and legal experts to understand the options before new recruits. Is there an ideal wait time before boarding? In January, Wipro’s Chief Human Resources Officer Saurabh Govil told Moneycontrol that the company had delayed onboarding but that it would honour the commitments … [Read more...] about Onboarding delay: How long should you wait and what is your recourse if the company declines?
Zero knowledge about stocks: Actor Arshad Warsi clarifies after Sebi ban
Actor Arshad Warsi (Source: Arshad Warsi/Instagram) Actor Arshad Warsi has clarified that he and his wife Maria Goretti lack knowledge of the stock market and took to Twitter requesting people to not believe in hearsay, after capital markets regulator Securities and Exchange Board of India (Sebi) banned the two from securities market in a case related to uploading misleading videos on YouTube channels. Sebi has reportedly banned several entities, including Arshad Warsi , Maria, YouTube Manish Mishra and promoters of Sadhna Broadcast - Shreya Gupta, Gaurav Gupta, Saurabh Gupta, Pooja Aggarwal and Varun Media, from the securities market in a case related to uploading misleading videos on YouTube recommending investors to buy the company's shares. Also Read: Sebi cracks whip on actor Arshad Warsi, wife for YouTube pump-and-dump scheme According to the interim order, Arshad Warsi made a profit of Rs 29.43 lakh and Maria Goretti earned a profit of Rs 37.56 lakh. Sebi has … [Read more...] about Zero knowledge about stocks: Actor Arshad Warsi clarifies after Sebi ban
Next Billion-Dollar Startups 2016
Share to Twitter Share to Linkedin Startups are the spark that lights the engine of the U.S. economy. The most successful of them, companies like Airbnb, Uber, and Snapchat, change the way we live, travel and communicate. For Forbes’ second annual list of next billion-dollar startups, we’ve found 25 companies that are transforming their industries and showing tangible results. They’ve already attracted tens and in some cases hundreds of millions in investment capital while in the midst of explosive growth. We put together the list with the help of TrueBridge Capital Partners , a nine-year-old venture firm in Chapel Hill, NC, that also collaborates with Forbes on our annual Midas list of the world’s top tech investors. TrueBridge asked 180 venture firms to nominate startups and to encourage their portfolio companies to nominate themselves. It also fielded entries directly, through a link that appeared on its website and on Forbes.com. To be considered, … [Read more...] about Next Billion-Dollar Startups 2016
Analyst Call Tracker: Once a market darling, why investors turned lukewarm on Asian Paints
The 260x appreciation in Asian Paints shares since listing is a multi-bagger story for ages. The stock, however, has not done much in the past two years. It did hit an all-time high in September 2022 but it has been trading in the range of Rs 2,800-Rs 3,500 over the past two years. In Moneycontrol’s Analyst Call Tracker , the stock has consistently featured in the Maximum Pessimism list. It has 15 "buy" calls, 11 "hold: and 12 "sell" calls. Back in March 2019, in the pre-COVID era, it had 25 "buy" calls, eight "hold" and only one "sell" call. The prevailing sentiment is that Asian Paints’ moat and market share are now in danger. According to analysts, here are some of the reasons: Competition Ever since Grasim announced its entry into the paints segment with Rs 10,000 crore capex and 1,332 MLPA (million litres per annum) total capacity, D-Street has been playing it safe on Asian Paints. Asian Paints’ current capacity stands at 1,700 MLPA. A number of other smaller … [Read more...] about Analyst Call Tracker: Once a market darling, why investors turned lukewarm on Asian Paints
Xiaomi’s slow shift in India to premium smartphones helps Samsung steal its crown
A customer checks a Samsung mobile phone before purchasing it, in a mobile store in Lucknow, India, March 7, 2023. REUTERS/Saurabh Sharma/File photo NEW DELHI/LUCKNOW – Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse that has allowed Samsung Electronics to pip the Chinese company to the top spot in the world’s second biggest market for the devices. While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features. South Korea’s Samsung launched products to meet those aspirations and offered innovative financing schemes that made them affordable to most. Those moves have helped Samsung wrest leadership of India’s competitive mobile phones market from Xiaomi, with data from Hong Kong-based Counterpoint Research showing it had a 20- percent market share for the last quarter of 2022 compared to the Chinese company’s … [Read more...] about Xiaomi’s slow shift in India to premium smartphones helps Samsung steal its crown