Ready to deal with any adverse situation at borders: Army Chief

Agency News: New Delhi

The Indian Army is capable, powerful and ready to tackle any adverse situation at the International Borders, said Army chief General Manoj Pande on Thursday. India has maintained adequate force deployment along the Line of Actual Control (LAC) with China, and is ready to deal with any situation, he added. The Army chief was addressing the annual press conference here on Thursday. “The Indian Army is also creating a huge road net- work in their part alongside the International Border area. Simultaneously, India is boosting infrastructure projects near the IndoChina border. These border connecting roads will be

‘allweather roads’. Beside the all-weather Road, tunnels and bridges are also being constructed to reach the border in minimum time,” General Pande said. On the situation at LAC, the Army chief said it is stable but unpredictable. Although, he said that India and China are holding talks at both military and diplomatic levels to resolve the issues. Five of the seven issues have been resolved through the talks he further said. However, he did not speak much on the Doklam, but he added the situation is being closely watched and all activities are being monitored.

Telangana Congress MP meets new incharge, appears defiant

Agency News: Hyderabad

Congress MP Komatireddy Venkat Reddy, who was recently issued show cause notice by the party for alleged act of indiscipline, met newly appointed AICC in-charge for Telangana Manikrao Thakare on Thursday.

The MP told after the meeting that he could not call on the incharge on Wednesday as he was on a visit to his constituency. He did not reveal what he discussed with the new in-charge saying it was an internal matter of the party. Venkat Reddy, however, appeared defiant as he remarked that the media should ask MLAs Seethakka, Veeraiah and Jagga Reddy as to why they did not meet Thakare on Wednesday. He also stated that he would not like to sit with those who lost elections 4-5 times. Apparently, targetting Telangana Pradesh Congress Committee (TPCC) chief A. Revanth Reddy, Venkat Reddy stated that TPCC committees have no significance for him.

SUNVILLA SAMACHAR Editorial

Modi’s

victories have nailed the canard on 2002 riots. BBC should worry about its credibility

High Commissioner of Sri Lanka and Home Minister of Karnataka visited NFSU

Agency News: Karnataka

No tiger in Mahisagar village, say foresters

Agency News: Mahisagar

Mumbai Police nab Gujarat man for bomb threat to Ambani school

Agency News: Mumbai

H.E. Mr. Chandrikapersad Santokhi, the President of Suriname, H.E. Mr. Albert R. Ramdin, the Foreign Minister of Suriname and Dr. S. Balachandran, Ambassador of India to Suriname; Delegation from Sri Lanka led by H.E. Milinda Moragoda, High Commissioner of Sri Lanka and delegation from Karnataka led by Shri Arga Jnanendra, Honble Home Minister of Karnataka, visited National Forensic Sciences University (NFSU), Gandhinagar on 12th January 2023. Dr. J.

- Kapilkumar M. Hirpara Editor

The two-part BBC documentary, India: The Modi Question, through claims of having investigated certain (missing) aspects related to the 2002 Gujarat riots, has tried to project the riots and then-chief minister in a poor light. Reacting quickly, the Ministry of External Affairs has trashed the documentary as a “propaganda piece” that lacked objectivity and reflected a “colonial mindset”. The central government has also clamped down on it with a ban and asked social media platforms to remove videos and website links to the film. While the government’s move to ban the documentary has been criticised by the opposition, especially the Congress and Trinamool Congress (TMC), the government has received support from unexpected quarters. Congress veteran and former Defence Minister A. K. Antony’s son Anil Antony has slammed those using the BBC documentary as a stick to beat the BJP with. A day after his social media post on the documentary, he resigned from the party alleging “intolerant calls to retract a tweet”. The Modi Question raises more questions than it seeks to answer. Going by the content, intent and the timing of the documentary, the BBC seems to be rushing on a path where angels would fear to tread. According to the channel, the first part reportedly tracks Modi’s ascendancy to power in Gujarat and the 2002 riots. If the BBC had obtained previously unpublished reports from the British Foreign Office as it claims, more serious questions arise on the nature of the documents and the timing and manner in which they have been publicised. The 2002 riots were investigated by a Special Investigation Team followed by the Supreme Court upholding its closure report.

Eyeing 2024 polls, BSP launches ‘Chalo gaon ki ore’

Agency News: Lucknow

The Bahujan Samaj Party (BSP) has launched ‘Chalo Gaon ki Ore’, a mass outreach programme to consolidate its base among voters at the grassroots level. BSP national president Mayawati has directed party leaders and senior functionaries to start visiting villages to interact with voters. A party functionary said, “The state government’s ‘goof-up’ on OBC reservations for the urban local body polls has given the BSP an opportunity to reach out to voters and expose the BJP’s anti-reservation mindset”. ‘Chalo Gaon Ki Ore’ has been designed by the party to hammer on the issue. The BSP’s campaign has OBCs as the target audience though the party has not ruled out reaching out to others.”When we go to villages, we find a mixed audience. But we know what we have to talk about. It is how the state government is not serious about OBC reservations,” said party national spokesperson Dharamvir Chaudhary. The OBCs and the most backward among them are on the priority list of political parties for the 2024 Lok Sabha elections.

Mayawati has asked her leaders to mobilise the voters at the booth level. Four booths will be organised into a sector and a public meeting will be held at the sector level.She has also asked her party members to keep the interaction more personal and direct.

TN NGO demands action against attack on Dalit women

Agency News: Chennai

An NGO has demanded the police and authorities in Tamil Nadu’s Pudukottai district to take immediate action against two upper caste men attacking three Dalit women while they were taking a bath in a stream.

According to the Madurai-based NGO Evidence, the incident took place on January 1 and the police were yet to take action. In a statement, the NGO director Kathir said that Shakthidevi, Devi and Sreedevi were taking bath in the stream in Kothangudi village when the two men, Iyyappan and Muthumaran, threatened them and beat them up. Although

Sreedevi lodged a complaint with the Nagudi police station on January 3, no action has been taken so far, the director said.

He also claimed that Iyyappan’s wife is the vice president of Perungattu panchayat and was trying to influence the probe.

The NGO further said that District Collector Kavitha Ramu and District Superintendent of Police Pandyan must meet the victims and conduct a proper investigation into the matter. The three victims have also lodged a complaint with the Tamil Nadu SC/ST Commission, State Human Rights Commission, and State Women’s Commission demanding action.

M. Vyas, Vice Chancellor of NFSU had a detailed meaningful discussion with the President of Suriname. Dr. J.M. Vyas, Vice Chancellor of NFSU, on the visit of a delegation from Sri Lanka and Karnataka ;This particular visit was planned to explore the feasibility of wide-ranging collaborations in Academics, Research, Training, Consultancy, and other fields of mutual interest. Prof. (Dr.) Purvi

Pokhariyal, Campus DirectorNFSUGandhinagar, briefed the dignitaries about this unique and highly specialized university various activities. H.E. Mr. Chandrikapersad Santokhi, the President of Suriname, H.E. Milinda Moragoda, High Commissioner of Sri Lanka, and Shri A.Jnanendra, Hon;ble Home Minister of Karnataka, visited state-of-the-art infrastructure facilities at NFSU, such as the Centre of Excellence in Cyber Security, Centre of Excellence in Investigative Forensic Psychology; Centre of Excellence in Narcotics Drugs & Psychotropic Substances (NDPS); Centre of Happiness & WellBeing and Ballistics Research Centre and Testing Range.

Society living in harmony can achieve progress: Kharge

Agency News: New Delhi

Congress President Mallikarjun Kharge while remembering Swami Vivekananda on the National Youth Day on Thursday said that “society living in harmony can achieve progress”. Kharge said, “Swami ji believed in India’s intrinsic values of ‘Bharat Jodo’, which is clearly enunciated by his historic address at the World Parliament of Religions in Chicago in 1893, excerpts of which I want to recall today.” Kharge quoted Swami Vivekananda: “Sectarianism, bigotry, and its horrible descendant, fanaticism, have long possessed this beautiful earth. They have filled the earth with violence, drenched it often and often with human blood, destroyed civilization, and sent whole nations to despair...”

Kharge said as crores of people, aspire and dreamabout unifying India and fighting prejudices and hate, Swamiji’s message remains the guiding light for all of us, especially our youth. “India is home to a fifth of the world’s youth population. India’s youth is vying for change, dreaming about a better and secured life. “They aim to take India to the pinnacle of global progress and this can only be possible if we break the barriers of - religion, caste, language, ethnicity, colour, creed or gender. “Only a society living in harmony can achieve this. So let us join hands to usher this change. Like Swami Vivekananda ji said‘Arise! Awake! And stop not till the goal is reached’,” Kharge added.

Himachal CM allocates portfolios to cabinet ministers

Agency News: Shimla

Three days after the Cabinet expansion, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu distributed departments among his Ministers. While Sukhu has kept Finance, Home, General Administration, Planning, Personnel and other departments, the departments of Industries and Public Works have been allocated to six-time MLA Harshwardhan Chauhan and twotime MLA Vikramaditya Singh, respectively. Jal Shakti, Transport and Language, Art and Culture

While the forest department is still searching for the tiger the locals of Janod village in Mahisagar claimed to have seen, the resident of nearby Kotarbor village have claimed to have found the tiger’s pug marks. However, the forest department maintains that the villagers saw a leopard and not a tiger. Juhi Chaudhary, the range forest officer of Balasinor, said, “We have found anold pug mark which is less than 10 cm in length and looks like that of a leopard.” She further said that the teams are still searching for a tiger in the area but have not yet found any prey or excreta to establish its presence. “I feel that the animal would have moved out of the area,” Chaudhary said. However, forest officials said they have not received reports of sightings from any other part of the district. So far, they have not set up cameras or traps along the route as they believe it is a leopard. are already with Deputy Chief Minister Mukesh Agnihotri. The most elderly legislator Dhani Ram Shandil was allocated Health and Family Welfare, Social Justice and Empowerment, and Labour and Employment, while Chander Kumar was given Agriculture, Animal Husbandry, Jagat Singh Negi allocated Revenue, Horticulture and Tribal Development, Rohit Thakur given Higher Education, Elementary Education and Technical Education and Anirudh Singh got Rural Development and Panchayati Raj.

Assam govt approves 3 lakh houses under PMAY-G scheme

Will

BJP

Recover

The Mumbai Police have arrested a man from Gujarat for making bomb threat calls to the elite Dhirubhai Ambani International School in Bandra Kurla Complex, a top official said here on Thursday. According to Deputy Commissioner of Police (DCP) Dikshit Gedam (Zone VIII), the two calls were received on the landline of the DAIS between 1600-1630 hours on Tuesday afternoon after all the students had left for home. The unknown caller first called shortly after 4 p.m. to warn that he had planted a ‘time-bomb’ in the school premises and abruptly disconnected. A few minutes later, he again called up and repeated the threat even as the panicked school authorities approached the police. A complaint was lodged under various IPC Section and a manhunt was launched using tech-intel to track down the caller within 24 hours, said DCP Gedam. “He was traced to Morbi town in Gujarat where a team of officers rushed and took him into custody money for ads published from its CMs too: Sisodia DIP issues recovery notice of Rs 164 cr to Kejriwal

Agency News: New Delhi

Hours after the Directorate of Information and Publicity (DIP) served a recovery notice of Rs 164 crore to AAP chief Arvind Kejriwal, Delhi Deputy Chief Minister Manish Sisodia on Thursday asked whether the BJP will recover money from its own CMs whose ads were printed in the national capital.

“The newspapers of Delhi are full of advertisements of CMs of BJP and Congress. Will the BJP get the Information Secretaries there to send notices to the CMs there?”, he asked. Dy CM Sisodia said that there can not be a bigger example of illegitimate control over officers. It is wrong to target the elected government by misusing the officers. All the governments give out advertisements. “The BJP has exercised unconstitutional control over the officers of the

Delhi Government through the Centre. The notice sent to Arvind Kejriwal is an example how BJP is misusing it for political interest. The notice has been issued that Rs 163 crore will be recovered from Arvind Kejriwal for the advertisements given by the Delhi government outside Delhi in 2016-17. If not given in 10 days, legal action will be taken. This is not the language of the officer, it is the language of the BJP. BJP is occupying the service department for this misuse”, Sisodia told.

Agency News: New Delhi

The Directorate of Information and Publicity (DIP) has issued a recovery notice of Rs 164 crore to Delhi Chief Minister Arvind Kejriwal. The amount has to be paid within 10 days. The notice comes after Lt. Governor (LG) V.K. Saxena on December 20, 2022, had directed the Chief Secretary to recover Rs 97 crore from the Aam Aadmi Party (AAP) for political advertisements which it published as government ads. The L-G in its order had directed the Chief Secretary to implement the order dated September 16, 2016 of the Supreme Courtappointed Committee on Content Regulation in Government Advertising (CCRGA) and the pursuant order of Directorate of Information & Publicity (DIP), GNCTD, directing the AAP to pay Rs 97,14,69,137 plus interest, to the state exchequer, for political advertisements that got published/telecast in the garb of government advertisements. The three-member CCRGA vide its order directed, “the main purpose and objective of the guidelines framed by the Supreme Court of India was to prevent misuse of Government funds for the projection of image of the politician or the political party in power”. “Since the same has happened even after the judgement, the only way it could be reminded is to make the political party. the main beneficiary in the process of violation to pay for the expenditure incurred by the government.

Delhi’s AQI slightly improves, smog blanket prevails Pongal Special buses to ply from Chennai to all areas of TN

Agency News: New Delhi

The Air Quality Index (AQI) of the national capital slightly improved on Thursday recorded at 335 under the “very poor” category, but a smog blanket continued to prevail over the city, according to the System of Air Quality and Weather Forecasting And Research (SAFAR). An AQI between zero and 50 is considered “good”; 51 and 100 “satisfactory”; 101 and 200 “moderate”; 201 and 300 “poor”; 301 and 400 “very poor”; and 401 and 500 “severe”. In its latest forecast, the India Metrological Department (IMD) said that Delhi and its adjoining areas continued to witness severe cold wave conditions on Thursday morning. The IMD predicted that a fresh spell of dense to very dense fog very is likely in isolated pockets during night and morning hours over Punjab and Haryana, Chandigarh and Delhi from January 14-17. “Due to continuation of prevailing light winds and high moisture near surface over Indo-Gangetic plains, dense to very dense fog very likely in isolated pockets during night and morning hours over Uttar Pradesh and Bihar during next five days.

Masterminds behind slanderous posters against Justice Mantha in Kolkata yet to be traced

Agency News: Kolkata

Over 72 hours have passed since slanderous posters slamming Justice Rajasekhar Mantha of the Calcutta High Court were found in front of the latter’s residence at Jodhpur Park in South Kolkata, the police are yet to trace the masterminds behind the mischief.

Agency News: Chennai

With Tamil Nadu’s biggest festival Pongal around the corner, the state transport department has made elaborate arrangements to transport people across the state from Chennai. Special buses will ply from Chennai to many parts of Tamil Nadu from Thursday onwards. Long-distance buses from Chennai would be operated from Koyambedu, Madhavaram, K.K. Nagar, Tambaram Mepz, and Anna Bus Stand. Three-10 connecting buses will be operated from various parts of the city by the Municipal Transport Authority to go to the connecting bus stations for long-distance travel. This will be operated from Thursday onwards. With the Pongal festivities commencing from January 15 till January 18, the whole of Tamil Nadu is geared up to celebrate the festival. The government has already announced leave for government departments on these days and has already commenced supplying ‘dhotis’ and ‘veshtis’ along with Rs 1000, rice, sugar, and sugar cane in the Pongal kits for people below the poverty line.

Constitution is supreme: Chidambaram counters V-P Dhankhar

Agency News: New Delhi

Man

attacks

his wife with acid in Gujarat’s Mehsana

Agency News: Mehsana

Mehsana police have booked a man and his friend for acid attack on the former’s wife, police said on Thursday here. The woman has suffered injuries on her right hand and thigh and was admitted to a hospital. According to a complaint filed by Saraswatiben Gujjar (30) with the Kadi police station, she got married to Mukesh Gujjar 11 years ago, who lives with his parents in Vadodara. The two have a 5-year-old son. Since the last few years she has been living at her parental home and has filed for divorce and alimony before the Kadi family court. On Wednesday, after a hearing in the court, Mukesh Gujjar and his advocate approached the complainant for an out of court settlement, which did not work out. After which, when she along with her brother were returning home, on the highway Gujjar stopped them and poured acid on Saraswatiben. Her brother also received burn injurie.

The two have a 5-year-old son. Since the last few years she has been living at her parental home and has filed for divorce and alimony before the Kadi family court.

Agency News: Guwahati

Under the Centre’s flagship Pradhan Mantri Awaas YojanaGramin (PMAY-G) initiative, the Assam government has approved more than three lakh houses, an official said on Thursday. The Union Ministry of Rural Development has given Assam a target of 3,31,193 units under the scheme, according to Panchayat and Rural Development Minister Ranjeet Kumar Dass. “In the previous week, the Assam Panchayat and Rural Development Department has been able to sanction 3,04,218 dwellings to the beneficiaries,” he said. According to Dass, his department approved more than 10 lakh houses under the PMAY-G in the final nine months of the current fiscal year. However, he claimed, the agency has been able to take all

The Union Ministry of Rural Development has given Assam a target of 3,31,193 units under the scheme necessary measures to ensure that the scheme is executed smoothly throughout the state. Dass said that the recipients who received approval for dwellings in the past week will soon get the first instalment, allowing them to begin construction.

Already two FIRs have been filed on this count, first at the Lake Police Station and the second at Hare Street Police Station. CCTV footage from the local areas have also been procured by the sleuths of Kolkata Police, which clearly shows two masked men pasting those posters on the wall of Justice Mantha’s residence as well as the adjacent places.Although city police sources have claimed that their sleuths are trying to track these miscreants from the clues in the CCTV footage recovered, questions are automatically raised on why the police are taking so long in pinpointing and arresting them. The opposition leaders in the state have alleged that the delay is deliberate on part of the police since the actual masterminds behind this slanderous postering are the ruling Trinamool Congress leaders. Even the retired Indian Police Service (IPS) officers like the former additional director general of West Bengal Police, Nazrul Islam have questioned the efficiency of the existing forces and intelligence in the matter. On early morning of December 9, these posters slamming Justice Mantha were seen pasted on the walls of the latter’s residence and adjacent places at Jodhpur Park in South Kolkata. In the posters, it was alleged that Justice Mantha was acting in a biased manner in favour of Suvendu Adhikari. In the posters Justice Mantha was also slammed for his recent verdict removing the shield of cohesive action by Enforcement Directorate (ED) against Maneka Gambhir, the sisterin-law of Trinamool Congress’s national general secretary and party MP, Abhishek Banerjee. From the same day a group of lawyers of the Calcutta High Court, known to be close to Trinamool Congress started boycotting Justice Mantha’s bench.

A day after Vice President Jagdeep Dhankhar insisted about Parliamentary supremacy, Congress leader P. Chidambaram on Thursday said that the Constitution is supreme and the “V-P views may be a warning signal”. “The Hon’ble Chairman of the Rajya Sabha is wrong when he says that Parliament is supreme. It is the Constitution that is supreme,”Chidambaram said. He said this may be a warning ahead, “In fact, the Hon’ble Chairman’s views should warn every Constitution-loving citizen to be alert to the dangers ahead.” He said the “basic structure” doctrine was evolved in order to prevent a majoritarian-driven assault on the foundational principles of the Constitution. “Suppose Parliament, by a majority, voted to convert the parliamentary system into a Presidential system. Or repeal the State List in Schedule VII and take away the exclusive legislative powers of the States. Would such amendments be valid?

“ he questioned. “After the NJAC Act was struck down, nothing prevented the Government from introducing a new Bill. The striking down of one Act does not mean that the “basic structure” doctrine is wrong”.

Vice President Jagdeep Dhankhar on Wednesday reiterated that the power of Parliament to amend the constitution and deal with legislation is not subject to any other authority and all constitutional institutions -- the judiciary, the executive and the legislature -- are required to confine to their respective domains and conform to the highest standard of propriety.

Badminton: India Open 2023 picks up official entertainment partner in build-up to event

Agency News : New Delhi

The India Open 2023 badminton tournament, scheduled to be held in New Delhi from January 1722, has signed up India’s leading multiplex chain, INOX Leisure ltd, as the official entertainment partner, it was announced here on Thursday. The Yonex Sunrise India Open 2023, to be played at the K. D. Jadhav Indoor Hall, IG Stadium, New Delhi, is the biggest-ever professional badminton tournament in India and will have some of the top international players in action. Under the partnership, INOX will promote the tournament

ILT20: Coach Foster please with Desert Vipers’ squad, looking forward to promising season

Agency News : New Delhi

Samsung Galaxy S23 series preorder now available in India

Agency News : New Delhi across its cinemas in India and on its digital platforms. INOX would also provide space to the Badminton Association of India (BAI) in cinema lobbies and LED displays for tournament promotions.”Celebrating the passion and anticipated success of the Indian players in the field of badminton, and to build awareness for the tournament, INOX is also rolling out its campaign,” the company informed in a release on Thursday. “Josh and Jashn” features H.S. Prannoy, Srikanth Kidambi, Satwiksairaj Rankireddy and Chirag Shetty. The campaign would run across INOX’s digital platforms.

Desert Vipers head coach James Foster is pleased with the squad he has at his disposal for the ILT20 and is looking ahead to what promises to be an exciting first season. Foster has been busy at work over the last six months, collaborating with Director of Cricket Tom Moody and CEO Phil Oliver to put together the best possible squad for the inaugural DP World ILT20. Speaking to the Vipers Voices podcast, Foster described his journey and looked ahead to what promises to be an exciting first season for the Desert Vipers. Foster said: “There has been such a big lead-up into this tournament. Back in July, I thought we were ages away, but now we are here, and I am absolutely delighted. “I am fortunate that the support staff we have here are so experienced. It is a very exciting time and a huge opportunity for growth for me, and the players, to be bouncing ideas off new people and adding to their own games.” Along the way, there have been various changes made to the Desert Vipers squad, and one-star player - Ben Duckett - has been lost to the tournament due to national duty. James Foster, though, is very pleased with the squad in place and said: “I think we have got a quality squad and the new additions have really strengthened the team.

Tennis: World No. 1 Alcaraz to begin 2023 season at Argentina Open

Agency News : New Delhi

World number one tennis player Carlos Alcaraz of Spain will get his 2023 season underway in Buenos Aires at the Argentina Open, starting from February 11, tournament organisers said on Twitter. “The ATP number one ranked player will play in Argentina. The 19-year-old Spaniard will take part in our tournament for the first time,” Argentina Open organisers tweeted on Wednesday. Alcaraz was forced to withdraw from the 2023 Australian Open last week after contracting a muscle in his right leg during training. “I wanted to let you guys know that I will be playing in the Argentina Open. I’m honestly super excited to travel to Argentina and play there, so I hope to see everyone there. I’ll see you soon,” the U.S. Open champion said in a video message posted on social media. After his withdrawal from the season’s first Grand slam, Alcaraz could lose his world No. 1 ranking depending on results at the Australian Open, with the likes of Novak Djokovic, Casper Ruud and Stefanos Tsitsipas in the frame. The 19-yearold became the youngest world number one since the creation of the ATP rankings in 1973 by winning his first Grand Slam tournament at the U.S. Open last September. Moreover, he then became the youngest player in history to finish the year at the

Alcaraz was forced to withdraw from the 2023 Australian Open last week after contracting a muscle in his right leg during training. After his withdrawal from the season’s first Grand slam top of the rankings, and the first outside of Novak Djokovic, Rafael Nadal, Roger Federer and Andy Murray to do so since Andy Roddick in 2003. He will join Italian Lorenzo Musetti, Austrian Dominic Thiem, Briton Cameron Norrie and local favourite Diego Schwartzman in Argentina Open next month.

Samsung on Thursday announced that pre-reservations of its upcoming flagship series, GalaxyAS23, have started in India. Customers can pre-reserve the new Galaxy S series by paying a token amount of Rs 1,999 on the company’s official website, Samsung Exclusive Stores, Amazon and leading retail outlets, the tech giant said in a statement. Consumers who pre-reserve the S23 series smartphone will get a benefit worth Rs 5,000. However, to avail the benefit, consumers must purchase and activate the device before March 31. The Galaxy Unpacked event will be live-streamed at 11.30 p.m. on February 1 on Samsung Newsroom

HDFC Mutual Fund launches HDFC Long Duration Debt Fund

Agency News : New Delhi

India. “The new Galaxy S series will be the epitome of how Samsung defines the ultimate premium experience. Samsung is raising the bar and setting new standards for what’s epic with its new flagship,” the company said. This will be the first inperson event after the outbreak of the Covid-19 pandemic in early 2020.

“A new era of Galaxy innovation is coming. Our innovations are designed to enable incredible possibilities for people today and beyond,” Samsung had said on Wednesday.

Alstone Textiles Net profit grows multi-fold to Rs. 11.39 cr. in Q3FY23

Agency News : New Delhi

Alstone Textiles (India) Ltd has reported multi-fold growth in the net profit and total income for the Q3FY23. Company has reported net profit of Rs. 11.39 crore in Q3FY23 as against net loss of Rs. 1 lakh in Q3FY22. Total income for the Q3FY22 was reported at Rs. 14.25 crore – Revenue from operations at Rs. 3.25 crore and Other income contributed Rs. 11 crore. In the board meeting dated 16 December 2022, company allotted 114.73 crore bonus equity shares of Rs. 1 each as fully paid bonus equity shares, in the ratio of 9:1 i.e issue of 9 equity shares of Rs. 1 each for every 1 equity share of Rs. 1 each, to the eligible shareholder on the record date of

14 December 2022. Consequently, the paid up equity share capital of the company has increased to 127.48 crore equity shares of Rs. 1 each from 12.74 crore equity shares of Rs. 1 each. Speaking on the results, Mr. Deepak Kumar Bhojak, Managing Director, Alstone Textiles (India) Ltd, said, “We expect to grow from strength-to-strength and poised for rapid growth in the years to come. Thought leadership and deep insight of its Management allows the company to discover new opportunities and reveal their true potential. Company deliver value and commitment based on highest professional standards and aims to leverage on the growth opportunities in the economy.” For the nine months ended.