Chennai, May 28 (IANS) AIADMK MP Dhanapal has demanded a detailed investigation into the resignation of the party’s four MLAs who later joined the ruling Tamilaga Vettri Kazhagam (TVK), alleging that large-scale financial transactions may have taken place behind the defections. In a post on X, Dhanapal claimed that the TVK government did not enjoy an independent majority and said the sudden resignation of the four legislators immediately after the new government assumed office had raised serious…
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Chennai, May 28 (IANS) Tamil Nadu Assembly Speaker J.C.D. Prabhakar is expected to decide on Thursday regarding the merger of the two rival AIADMK factions after leaders from both camps formally withdrew their petitions against each other and submitted representations claiming unity within the party.Speaking to reporters, the Speaker said both factions had requested withdrawal of the disqualification petitions filed during the recent political crisis and that he would examine the documents befor…
Chennai, May 26 (IANS) The political confrontation between the ruling TVK government and the opposition AIADMK intensified on Tuesday, with the AIADMK accusing the government of actively encouraging political defections and engaging in what it described as “horse-trading” to strengthen its position in the Assembly. Speaking to reporters after meeting Assembly Speaker J.C.D. Prabhakar at the Secretariat, AIADMK MLA Agri Krishnamurthy, representing the faction led by party General Secretary Ed…
Chennai, May 23 (IANS) Signs of a possible thaw have begun to emerge within the AIADMK, with reconciliation efforts gathering momentum after the party’s internal rebellion appeared to lose steam following Chief Minister C. Joseph Vijay’s decision to complete his Cabinet expansion by inducting representatives from alliance partners VCK and IUML. Political observers believe the latest development may have altered the calculations of dissident leaders, opening the door for negotiations aimed at…
Chennai, May 11 (IANS) The AIADMK has been plunged into fresh political uncertainty following its crushing defeat in the Tamil Nadu Assembly elections, with the party slipping to third place after securing just 47 seats. The setback has not only cost Edappadi K. Palaniswami (EPS) the post of Leader of Opposition but has also triggered intense internal discussions and visible factional activity within the party.The election results, announced on May 4, dealt a severe blow to the AIADMK leadership…
Mumbai, Feb 26 (IANS) Multinational brokerage Bank of America Securities (BofA) downgraded the rating on IDFC First Bank Ltd. to ‘Neutral’ and cut its 12‑month target price to Rs 75 from Rs 95, citing near‑term headwinds after the bank was de‑empanelled by the Haryana government following a fraud incident.The brokerage predicted a 13 to 14 per cent cut to the bank’s EPS estimates which prompted a downgrade from its earlier ‘Buy’ rating.The bank has seen nearly Rs 200 crore of deposit outfl…
Mumbai, Jan 20 (IANS) As the Budget 2026-27 approaches, the focus is likely to shift towards structural economic reforms, with limited room for major tax concessions following last year’s significant increase in tax slabs and GST rate cuts, a report showed on Tuesday.The Indian equity markets have turned largely range-bound after giving up most of their recent gains, amid rising global geopolitical risks and persistent tariff-related uncertainties with the US.However, domestic demand indicator…
Chennai, Jan 7 (IANS) AIADMK General Secretary Edappadi K. Palaniswami (EPS) undertook a sudden visit to New Delhi on Wednesday, triggering intense political speculation amid ongoing — and reportedly strained — seat-sharing negotiations between his party and the BJP for the upcoming Tamil Nadu Assembly elections.According to sources, EPS departed Chennai around 2.30 p.m. and is scheduled to reach the national capital in the evening.He is expected to hold discussions with Union Home Minister Am…