Equity indices volatile, Reliance plunges 3.7 pc

Agencies
January 25, 2021

Mumbai, Jan 25: Equity benchmark indices swayed between gains and losses during early hours on Monday while their Asian peers were on an upward trajectory.

At 10:15 am, the BSE S&P Sensex was down by 46 points or 0.09 per cent at 48,833 while the Nifty 50 edged lower by 13 points or 0.09 per cent to 14,359.

Most sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank, IT and realty dipping by 0.8 per cent each, auto by 0.7 per cent and metal by 0.5 per cent.

Among stocks, Reliance Industries cracked by 3.7 per cent to Rs 1,973.90 per share after reports said the Mukesh Ambani-led conglomerate has spined off of the oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships.

At the same time, it saw its profit jump 12.5 per cent to Rs 13,101 crore during the quarter ended December.

The other prominent losers were Asian Paints, Tata Motors, Nestle India, ITC, HCL Technologies, IndusInd Bank and Eicher Motors.

However, Grasim gained by 4.5 per cent to Rs 1.049.35 per share. UPL, UltraTech Cement, Bajaj Finance and JSW Steel too trade with a positive bias.

Meanwhile, Asian shares rose as concerns over rising Covid-19 cases and delays in vaccine supplies were eclipsed by expectations of a 1.9 trillion dollar fiscal stimulus plan to help revive the US economy.

MSCI's broadest index of Asia Pacific shares outside Japan rose slightly. Japan's Nikkei rebounded from falls in early trading to be up by 0.36 per cent.

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News Network
January 23,2026

Mangaluru: The Karnataka Government Polytechnic (KPT), Mangaluru, has achieved autonomous status from the All India Council for Technical Education (AICTE), becoming the first government polytechnic in the country to receive such recognition in its 78-year history. The status was granted by AICTE, New Delhi, and subsequently approved by the Karnataka Board of Technical Education in October last year.

Officials said the autonomy was conferred a few months ago. Until recently, AICTE extended autonomous status only to engineering colleges, excluding diploma institutions. However, with a renewed national focus on skill development, several government polytechnics across India have now been granted autonomy.

KPT, the second-largest polytechnic in Karnataka, was established in 1946 with four branches and has since expanded to offer eight diploma programmes, including computer science and polymer technology. The institution is spread across a 19-acre campus.

Ravindra M Keni, the first dean of the institution, told The Times of India that AICTE had proposed autonomous status for polytechnic institutions that are over 25 years old. “Many colleges applied. In the first round, 100 institutions were shortlisted, which was further narrowed down to 15 in the second round. We have already completed one semester after becoming an autonomous institution,” he said. He added that nearly 500 students are admitted annually across eight three-year diploma courses.

Explaining the factors that helped KPT secure autonomy, Keni said the institution has consistently recorded 100 per cent admissions and placements for its graduates. He also noted its strong performance in sports, with the college emerging champions for 12 consecutive years, along with active student participation in NCC and NSS activities.

Autonomous status allows KPT to design industry-oriented curricula, conduct examinations, prepare question papers, and manage academic documentation independently. The institution can also directly collaborate with industries and receive priority funding from AICTE or the Ministry of Education. While academic autonomy has been granted, financial control will continue to rest with the state government.

“There will be separate committees for examinations, question paper setting, boards of studies, and boards of examiners. The institution will now have the freedom to conduct admissions without government notifications and issue its own marks cards,” Keni said, adding that new academic initiatives would be planned after a year of functioning under the autonomous framework.

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News Network
January 28,2026

ajit.jpg

Mumbai: The sudden death of Maharashtra Deputy Chief Minister Ajit Pawar in a plane crash in his hometown of Baramati has plunged the state into political uncertainty, raising a pressing question for both the Nationalist Congress Party (NCP) and its rival faction, the Nationalist Congress Party (Sharadchandra Pawar): what next?

For the two factions that emerged after the dramatic split of June–July 2023, the moment marks their gravest challenge yet. Many believe the answer now rests with party founder Sharad Pawar.

Sharad Pawar, who founded the NCP in 1999 after parting ways with the Congress over Sonia Gandhi’s foreign origin, has already indicated his intention to step away from electoral politics once his Rajya Sabha term ends in April 2026.

Speaking at a public event in Baramati ahead of his 85th birthday on December 12, 2025, Pawar said he would not contest any further elections. “I have contested 14 elections. The younger generation needs to be given an opportunity,” he said, adding that he would decide later whether to seek another Rajya Sabha term.

Often described as the Bhishma Pitamah of Indian politics, Pawar also spoke of his gradual withdrawal from active leadership. “For the first 30 years, I handled everything. For the next 25–30 years, Ajit Dada handled responsibilities. Now, arrangements must be made for new leadership,” he said.

Ajit Pawar’s death has dramatically altered that transition, especially as he was working towards reunifying the two NCP factions.

“After the developments of June–July 2023 and the 2024 Lok Sabha and Vidhan Sabha elections, there were deep changes within the family and the party. In the last six months, serious efforts were made to reunite. Even workers from both sides wanted unity. This is a massive blow,” a Pawar family insider told DH over phone from Baramati.

Electoral outcomes over the past year reflected the split. In the 2024 Lok Sabha elections, NCP (SP) recorded the best strike rate in Maharashtra, winning eight of the 10 seats it contested. The NCP, by contrast, won just one seat out of four.

However, the trend reversed in the subsequent Vidhan Sabha elections, where the NCP emerged stronger, securing 41 of the 288 seats, while NCP (SP) managed only 10.

Within NCP (SP), Sharad Pawar’s daughter Supriya Sule serves as Working President, followed by leaders such as Rohit Pawar, state president Shashikant Shinde and former state chief Jayant Patil.

In the NCP, Praful Patel is the Working President and Raigad MP Sunil Tatkare heads the state unit. Ajit Pawar’s wife, Sunetra Pawar, is a Rajya Sabha MP, while their sons Parth and Jay are not actively involved in day-to-day politics. Parth Pawar briefly entered electoral politics in 2019 but lost the Lok Sabha election from Maval. Jay Pawar’s political debut was under consideration.

With Ajit Pawar gone, speculation has intensified that a member of the family may be asked to assume a larger role. For now, Sunetra Pawar is expected to play a key coordinating role in party affairs, alongside Patel and Tatkare.

The NCP continues to have several heavyweight leaders, including Chhagan Bhujbal, Hasan Mushrif, Dattatreya Bharne, Manikrao Kokate and Dhananjay Munde.

Ajit Pawar had already begun steps towards reconciliation between the two factions. While they contested the Pune and Pimpri-Chinchwad municipal elections separately, they later decided to fight the zilla parishad elections together under the ‘clock’ symbol—seen as the first formal step towards reunification.

Nagpur meet and party roadmap

Both NCP factions claim adherence to the ideology of ‘Shiv–Shahu–Phule–Ambedkar’. At the Rashtravadi Chintan Shivir held in Nagpur on September 19, 2025, the NCP reaffirmed its commitment to sarva dharma sambhav and discussed strengthening ties with the BJP “for the welfare and development of Maharashtra”.

In recent days, reports had suggested Ajit Pawar might return to the Maha Vikas Aghadi following the party’s poor performance in Pune municipal elections, but these claims were denied.

Big question for Maha Yuti

Ajit Pawar’s death also presents an immediate challenge for the Devendra Fadnavis-led Maha Yuti government. Pawar held crucial portfolios, including Finance, Planning and Excise. With the Budget Session approaching, appointing a new Finance Minister has become urgent.

Beyond numbers and portfolios, Maha Yuti has lost a swift decision-maker known for his administrative grip and political finesse—leaving a vacuum that will not be easy to fill.

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News Network
January 16,2026

Mangaluru: Mangaluru’s skyline is set for a high-end transformation as the coastal district of Dakshina Kannada prepares to shed its reputation for lacking premium hospitality. In a massive show of confidence, entrepreneurs have committed nearly ₹500 crores toward the construction of four new five-star hotels, a move experts say will finally plug the "luxury leak" to neighboring states.

For years, Mangaluru International Airport (MIA) has served as a gateway for high-net-worth travelers who, upon landing, promptly departed for Kerala or Kodagu due to a dearth of elite accommodation in the city. These new projects, three of which are backed by local visionary investors, aim to turn Mangaluru into a destination rather than just a transit point.

Mapping the Luxury Boom

The expansion is already in motion, with two major landmarks leading the charge:
•    Gurupura Property: Construction is already underway on a premier resort-style hotel.
•    Kuloor Hub: A sophisticated urban luxury hotel has been proposed for this strategic area.
•    Timeline: All four projects are slated for completion within the next 24 months, promising to fundamentally alter the region's tourism profile by 2028.

Why Now? The Investor Demand

The push for five-star infrastructure isn't just about tourism; it’s a direct response to the city’s industrial and academic evolution. Stakeholders from the IT and corporate sectors have long flagged the lack of premium suites as a hurdle for international business investments.

"Mangaluru is an powerhouse of mega-industries, medical excellence, and a burgeoning IT scene," noted a senior Tourism Department official. "It is an anomaly that a city with this much economic muscle has lacked a five-star anchor. By offering premium hospitality, we aren't just housing tourists; we are inviting global investors to stay, engage, and invest more deeply in our coast."

Strategic Retention

The "drain" of visitors to the neighboring state of Kerala has been a long-standing grievance for local businesses. With these new properties, the district administration expects a significant multiplier effect—benefiting local sightseeing, high-end retail, and the burgeoning medical tourism sector. As Mangaluru accelerates on its development trajectory, the message to the world is clear: the coast is finally ready to host you in style.

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