Latest news with #Kejriwal
Time of India
2 hours ago
- Business
- Time of India
No objection if Arvind Kejriwal's passport renewed for 10 years: Delhi court
File photo: Former Delhi CM Arvind Kejwriwal (Picture credit: PTI) NEW DELHI: A Delhi court on Wednesday said it had "no objection" if the passport of former Delhi chief minister Arvind Kejriwal, an accused in the Delhi excise policy cases, was renewed for 10 years. Special Judge Dig Vinay Singh passed the order in the alleged scam-related corruption and money laundering cases, being probed by the CBI and the ED respectively, considering that Kejriwal would have to take formal permission of the court before travelling abroad. "Presently, the applicant is not seeking any permission to travel abroad, obviously as he may not be planning to travel abroad in the immediate near future, but that too cannot come in the way of granting permission to the applicant for renewal of the passport for complete 10 years. After all the bail conditions already prescribes that the applicant shall not travel abroad without formal permission of court," the order said. The judge added, "The applications preferred by Arvind Kejriwal for renewal of his passport is allowed and this court has 'no objection' if the passport ... of the applicant, namely, Arvind Kejriwal is renewed for 10 years as per rules." Both the CBI and the ED opposed Kejriwal's plea. While the ED said the renewal of passport should be not granted for a full 10 years, the CBI said the norms followed in different courts of CBI relating to such matters was that the renewal permission was granted for five years. The judge, however, clarified that the order should not in any manner fetter the discretion of the passport authorities in its grant or refusal of the renewal under the Indian Passports Act and the relevant rules. Kejriwal's counsel argued that his passport expired in 2018 and he has moved the application seeking its renewal for 10 years. The money laundering case stems from the CBI's FIR, which was lodged after Delhi Lt Governor V K Saxena recommended a probe into the alleged irregularities in the implementation of the policy. According to the CBI and the ED, irregularities were committed while modifying the excise policy and undue favours were extended to the licence holders. The Delhi government implemented the policy on November 17, 2021, and scrapped it by the end of September 2022 amid allegations of corruption.
Time of India
2 hours ago
- Business
- Time of India
No objection if Arvind Kejriwal's passport renewed for 10 years: Delhi court
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel A Delhi court on Wednesday said it had "no objection" if the passport of former Delhi chief minister Arvind Kejriwal, an accused in the Delhi excise policy cases, was renewed for 10 Judge Dig Vinay Singh passed the order in the alleged scam-related corruption and money laundering cases, being probed by the CBI and the ED respectively, considering that Kejriwal would have to take formal permission of the court before travelling abroad."Presently, the applicant is not seeking any permission to travel abroad, obviously as he may not be planning to travel abroad in the immediate near future, but that too cannot come in the way of granting permission to the applicant for renewal of the passport for complete 10 years. After all the bail conditions already prescribes that the applicant shall not travel abroad without formal permission of court," the order judge added, "The applications preferred by Arvind Kejriwal for renewal of his passport is allowed and this court has 'no objection' if the passport ... of the applicant, namely, Arvind Kejriwal is renewed for 10 years as per rules."Both the CBI and the ED opposed Kejriwal's the ED said the renewal of passport should be not granted for a full 10 years, the CBI said the norms followed in different courts of CBI relating to such matters was that the renewal permission was granted for five judge, however, clarified that the order should not in any manner fetter the discretion of the passport authorities in its grant or refusal of the renewal under the Indian Passports Act and the relevant counsel argued that his passport expired in 2018 and he has moved the application seeking its renewal for 10 money laundering case stems from the CBI's FIR which was lodged after Delhi Lt Governor V K Saxena recommended a probe into the alleged irregularities in the implementation of the to the CBI and the ED, irregularities were committed while modifying the excise policy and undue favours were extended to the licence Delhi government implemented the policy on November 17, 2021, and scrapped it by the end of September 2022 amid allegations of corruption.
Mint
9 hours ago
- Business
- Mint
Scoda Tubes share price hits 5% upper circuit after flat listing. Should you, buy, hold or sell?
Scoda Tubes share price was locked in at 5% upper circuit on Wednesday after the stock made a flat debut in the Indian stock market. Scoda Tubes shares jumped 5% from its listing price to a high of ₹ 146.95 apiece on the BSE. Scoda Tubes shares made a flat debut on Dalal Street as the stainless-steel tubes and pipes manufacturer's stock was listed at ₹ 140 per share, which is equal to its issue price of ₹ 140 per share. The stock declined after the listing and fell to an intraday low of ₹ 136.00 apiece on the BSE. However, buying momentum in Scoda Tubes shares intensified, and the stock jumped as much as 4.96% from its listing price to freeze at upper circuit of ₹ 146.95 apiece. Scoda Tubes IPO listing date was today, 4 June 2025. Amid high volatility here's what analysts suggest for Scoda Tubes shares after listing: Commenting on the listing performance, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, 'This was an unusual listing. Despite strong oversubscription, the shares listed flat and then fell before hitting the upper circuit. This indicates poor screen management and serves as a reminder to investors who rely heavily on grey market premiums (GMPs). The GMP can often be misleading, and in this case, the euphoria around the IPO quickly faded.' Since the IPO proceeds are earmarked for capital expenditure, which will take at least 12 months to show results, investors should consider exiting and booking whatever profits are available in the short term, Kejriwal added. Scoda Tubes is currently valued at a price-to-earnings (P/E) ratio of 30.43x and a price-to-book (P/B) ratio of 8.76x based on FY24 financials—broadly in line with industry peers. Mahesh M Ojha, AVP – Research and Business Development at Hensex Securities Pvt Ltd, suggests a more patient approach. 'Investors who were allotted shares during the IPO may consider holding Scoda Tubes for the medium to long term,' he said. At 1:20 PM, Scoda Tubes share price was still locked at 5% upper circuit of ₹ 146.95 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
a day ago
- Business
- Mint
Prostarm Info Systems share price trades flat after decent stock market debut. Should you buy, hold or sell?
Prostarm Info Systems share price made a decent debut in the Indian stock market today as the stock was listed with a premium. On BSE, Prostarm Info Systems share price began trading at ₹ 125 per share, a 19.05% premium to the issue price of ₹ 105. On NSE, Prostarm Info Systems share price was listed with a 14.29% premium at ₹ 120 apiece. The initial public offering (IPO) of power solution products maker Prostarm Info Systems was launched on May 2, Prostarm Info Systems IPO listing date was today, June 3. Prostarm Info Systems IPO listing was better than the Street estimates as the Prostarm Info Systems IPO GMP or grey market premium ahead of debut was around 11%. As Prostarm Info Systems shares have now been listed, here's a look at what analysts suggest. According to Arun Kejriwal, founder of Kejriwal Research and Investment Services, Prostarm Info Systems has delivered a stronger performance than what was indicated by the grey market ahead of its listing. 'Prostarm Info Systems' IPO objectives were not short-term in nature, but focused on medium- to long-term growth. Accordingly, the benefits from this issue will also unfold over the medium to long term,' said Kejriwal. He noted that as the company begins to declare its financial results, investors will have the opportunity to evaluate its performance and potentially reinvest. 'At this point, there is no need for investors to buy the stock at a 20% premium to the issue price. It would be wiser to wait for better opportunities,' he added. For those who have already bought the shares, Kejriwal suggested booking profits and waiting for the stock to consolidate. 'This IPO witnessed strong subscription, and part of the listing gains can be attributed to the euphoria generated during the subscription phase,' he said. Prostarm Info Systems Well-Positioned for Long-Term Growth: Avinash Gorakshakar Commenting on the prospects of Prostarm Info Systems, Avinash Gorakshakar, Head of Research at Profitmart Securities, said the company is well-placed for long-term success. 'Prostarm is a promising player in the power solutions space, catering to several key sectors including defence, aerospace, power, railways, and BFSI. The company has a strong promoter profile with the right skill sets to scale up operations effectively. Overall, it is well-positioned to perform strongly over the long term,' he said. Read Prostarm Info Systems Share Price Live Updates here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India Gazette
2 days ago
- Politics
- India Gazette
"Delhi suffered 11 years of misgovernance, now seeing results of 100 days of good governance," BJP MP Yogendra Chandolia
New Delhi [India], June 2 (ANI): BJP MP Yogendra Chandolia has praised the BJP-led Delhi government's 100-day performance while launching a sharp attack on the Aam Aadmi Party (AAP) for what he called eleven years of misgovernance. Chandolia highlighted improvements in sanitation, healthcare, and transport, claiming the current administration has delivered visible change in contrast to the AAP government's alleged failures. Speaking to ANI, Chandolia said, 'Delhi suffered eleven years of misgovernance, and now it's seeing the results of a hundred days of good governance. In just one monsoon, work that was neglected for over a decade is finally being done--silt is being cleared from roads and drains that were never cleaned before.' Chandolia alleged that fake billing was rampant during the AAP government's tenure, while basic services like drinking water remained out of reach for many citizens. 'Under the previous government, fake billing thrived while citizens struggled for drinking water,' he said. Aiming at AAP's unfulfilled transport promises, he said, 'Kejriwal had promised 10,000 electric buses in eleven years. Still, it is under the BJP-led government that new buses are being delivered.' He also accused the AAP government of depriving citizens of vital healthcare benefits. 'Due to Kejriwal's refusal, the people of Delhi were denied the benefits of the Ayushman Bharat Yojana. Today, citizens above 70 years receive health insurance coverage of Rs 10 lakh through a combined effort of the Prime Minister's and Delhi government's schemes.' He added, 'The previous government boasted about a health and education model but failed to equip hospitals with basic facilities like diagnostic machines. In contrast, within a hundred days, visible change has begun.' He also underscored improvements in sanitation and waste management. 'Garbage piled up for years is being removed from the streets and drains. The landfill mountains in places like Ghazipur are finally shrinking. If this progress continues for 365 days, Delhi will truly witness a transformation into a cleaner, more beautiful capital,' he said. Earlier, BJP leader Mohan Singh Bisht praised the transformative first hundred days of the BJP-led Delhi government, highlighting significant achievements and a proactive approach that has restored public trust after 27 years. He credited Chief Minister Rekha Gupta for demonstrating strong willpower in driving Delhi's development while criticising the AAP for continuing to suppress public voices in the Assembly. After completing 100 days in office as the Chief Minister of Delhi, Rekha Gupta said it was not just a responsibility but a 'politics centred on public service, and policies that are for public welfare.' (ANI)
