National Politics

Modi At The Parliamentary Meets States: Credit For Gujarat Poll Victory Be Given To BJP State Unit, CR Patil

CR Patil

Prime Minister Narendra Modi on Wednesday credited Bharatiya Janata Partyโ€™s victory in the recent Gujarat assembly polls to the partyโ€™s state unit and its president CR Patil

New Delhi: Prime Minister Narendra Modi on Wednesday credited Bharatiya Janata Partyโ€™s victory in the recent Gujarat assembly polls to the partyโ€™s state unit and its president CR Patil.

After the BJP Parliamentary party meeting held this morning, BJP Gujarat president Paatil told ANI, โ€œI am very happy that the Prime Minister give credit to the state unit and every party worker who has worked very hard for the election.โ€ Union Minister Pralhad Joshi spoke to mediapersons after todayโ€™s meeting held at Parliament Library.

โ€œPrime Minister addressed the meeting, he said the credit for victory in the Gujarat polls should be given to Gujarat state unit and its president CR Patil. Also, he extended congratulations to JP Nadda and BJP workers for the victory. He said it is an example of partyโ€™s organizational strength how a party can achieve such results. The results achieved on the basis of work done in Gujarat.โ€
BJP swept the Gujarat Assembly election winning a whopping 156 seats in the 182-member Assembly, which is the highest number of seats any party has won after the formation of the state in the year 1960.
The partyโ€™s seventh consecutive Assembly poll win in Gujarat is its biggest since the state was founded in the year 1960.

BJP leader Bhupendra Patel on December 12 took oath as the 18th Chief Minister of Gujarat. The oath was administered by Governor Acharya Devvrat at the helipad ground inside the new secretariat complex in Gandhinagar.

Also, Read: Delhi: Opposition Leaders Meet In Congress President Mallikarjun Khargeโ€™s Chambers

The opposition Congress could manage only 17 seats in the recently held elections while Arvind Kejriwalโ€™s Aam Aadmi Party had to be content with just 5 seats. Three seats went to Independent candidates while the Samajwadi Party (SP) won a lone seat in the state.
The BJP, which has won its seventh straight election in Gujarat, not only improved its own best record of 127 seats in 2002โ€“ the first election with Narendra Modi as Chief Minister โ€” but the Congressโ€™ tally of 149 seats in 1985.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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Business & Finance

HDFC Securities recommends investors to โ€˜addโ€™ TCS with 10% return potential

ANI
HDFC

New Delhi: A day after IT services major Tata Consultancy Services released its October-December quarter earnings, brokerage firm HDFC Securities has recommended potential investors to โ€˜addโ€™ its shares to the investment portfolio.
The TCS shares are currently trading at Rs 3,265, and the brokerage firm pegged a target price of Rs 3,560, which essentially means an upside potential of about 10 per cent. โ€œTCS delivered revenue beat and in-line operating performance in Q3FY23. Revenue growth of 2.9 per cent QoQ (1.2 per cent estimated) was driven by a disproportionate rise in Regional Market and Others segment, based on growth in product and Asia Pacific business,โ€ said the brokerage Institutional Equities โ€“ HDFC Securities in a report on Tuesday.
The IT services firm on Monday reported a 10.98 per cent surge in its consolidated net profit to Rs 10,883 crore for the quarter that ended December 2022 (Q3FY23). The company had posted a profit of Rs 9,806 crore in the year-ago period.

Also Read: โ€˜Thamizhagamโ€™ Row: CPI(M) MP Su Venkatesan Cites Pongal Festival Invitation From Governor

TCS reported a 19.1 per cent year-on-year growth in its revenue for the quarter that ended in December 2022. The software giant said net income grew 11 per cent to Rs 10,846 crore during the December quarter whereas its net margin was at 18.6 per cent.
Also, it announced an interim dividend of Rs 7 and a special dividend of Rs 67 per share for its investors.
A dividend is a reward that companies often provide to their shareholders, though not mandatory, from a portion of their earnings.
The third interim dividend and the special dividend shall be paid on February 3, 2023, to the companyโ€™s shareholders, whose names appear on the Register of Members of the Company or in the Depositoriesโ€™ records as beneficial owners of the shares.
The record date fixed for the purpose is January 17, 2023. The record date is for the purpose of ascertaining the eligibility of shareholders for payment of the dividend.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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