Dakshina Kannada MP Capt. Brijesh Chowta Joins Defence Ministry Advisory Committee

Bengaluru, July 1: As senior Congress leader Randeep Singh Surjewala prepares to meet Karnataka MLAs amid growing unrest within the party, Congress MLA Iqbal Hussain has claimed that over 100 legislators support a leadership change and back Deputy Chief Minister DK Shivakumar to take over as Chief Minister.

Hussain, known to be a close ally of Shivakumar, warned that the Congress risks losing power in the 2028 Assembly elections if the top post is not handed over now. “More than 100 MLAs are in favour of a change. Many have been waiting for this moment. They want good governance and believe DK Shivakumar deserves the opportunity,” he said in a TV interview.

‘May Lose 2028’

“I will definitely raise the issue with Mr Surjewala,” Hussain added, referring to Monday's meeting. “If the change doesn’t happen now, Congress cannot retain power in 2028. This is in the party’s best interest.”

While Congress president Mallikarjun Kharge recently reiterated that the decision on the Chief Minister post lies with the party high command, Hussain said, “We respect the high command, but it’s our responsibility to speak the truth.”

DKS Camp Pushes for Rotation

The current discontent traces back to the 2023 Assembly elections, when the Congress registered a resounding victory. Shivakumar, then KPCC president, was widely credited for the win and was seen as a strong contender for the Chief Minister’s post. Eventually, he was persuaded to accept the roles of Deputy CM and state party chief.

While there were reports of a power-sharing or rotational CM deal between Shivakumar and incumbent Siddaramaiah, no official confirmation ever came from the party.

Top Brass Denies Change

Randeep Surjewala, who was rushed to Bengaluru by the party high command, dismissed speculation of a leadership change. He described his visit as a routine organisational exercise focused on governance and party development, calling any talk of a leadership shake-up “a figment of imagination.”

Chief Minister Siddaramaiah, too, downplayed the buzz. Speaking in Mysuru with Shivakumar at his side, he said, “This government will be as solid as a ‘bande’ (rock) for five years.” Holding hands with the Deputy CM, he added, “We are on good terms. We don’t listen to what others say.”

Dubai, June 27: HDFC Bank, India’s largest private lender, is under scrutiny in the UAE over allegations it sold high-risk Credit Suisse AT1 bonds to retail investors in violation of regulatory norms.

The bonds — complex instruments meant only for experienced or high-net-worth clients — were wiped out in March 2023 during Credit Suisse’s emergency merger with UBS. Several investors claim HDFC Bank relationship managers misrepresented these as safe, forged financial documents to meet eligibility criteria, and failed to disclose crucial risks.

Dubai resident Varun Mahajan says he lost $300,000 in savings and alleges the bank inflated his net worth to bypass DFSA rules. Another investor, NS from the Philippines, claimed he was sold AT1 bonds using a leverage loan he never applied for. Others, including Indian national Pankaj Sinha and South Africa-based AT, described similar misrepresentation, unauthorized document changes, and manipulation of KYC data.

Legal complaints have been filed in India, the UAE, Bahrain, and DIFC. Investors accuse the bank of misleading them and exposing them to losses running into millions of dollars.

In response, HDFC Bank denied any wrongdoing, stating it follows strict processes and takes action against malpractice. The DFSA has declined to comment due to legal confidentiality.

Internal sources say several HDFC executives have recently resigned, and the Dubai offshore head has been replaced, raising questions about accountability.

Experts say the case exposes regulatory gaps across jurisdictions and may prompt closer scrutiny of how banks operate across borders.

Mangaluru, June 28: After years of public demand, the Vijayapura–Mangaluru Central train has been made a regular service. MP Capt Brijesh Chowta announced the news on Twitter and thanked Railway Minister Ashwini Vaishnaw and Minister V Somanna for their support.

The train will now run daily with the following schedule:

•  From Vijayapura to Mangaluru (Train No. 17377):

Departs Vijayapura at 3:00 PM → Arrives Mangaluru Central at 9:50 AM the next day.

•  From Mangaluru to Vijayapura (Train No. 17378):

Departs Mangaluru Central at 4:45 PM → Arrives Vijayapura at 11:15 AM the next day.

The regular service will benefit patients from North Karnataka visiting Mangaluru for medical treatment, students studying in coastal districts, and daily commuters.

This train had been operating on a temporary basis since December 1, 2021.