Latest news with #MaheshPatil
Time of India
4 days ago
- Politics
- Time of India
Mumbai: Bahujan Vikas Aaghadi (BVA) leaders cross over to BJP; Mahesh Patil among new joinees
VASAI: Within a week's time another lot from the Bahujan Vikas Aaghadi (BVA) joined the BJP on Tuesday at their Mumbai office. While earlier induction on August 5 was a mixed bag with with both BVA and UBT senior leaders joining the BJP, Tuesday saw only BVA leaders joining the BJP, which included a former corporator Mahesh Patil from Nalasopara and the heads of slum-cells along with scores of senior party workers. Political commentators had long-guessed this move by the BVA senior leaders as the BVA had miserably lost all its three seats in the assembly elections to the BJP. More traumatic for the BVA was the loss of its father-son leaders in Hitendra Thakur and Kshitij Thakur. Ravindra Chavan said that all those joining the BJP have placed their trust in the Modi Government at the Centre and the Mahayuti Government in Maharashtra, both committed to building a developed India and a developed Maharashtra. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai | Gold Rates Today in Mumbai | Silver Rates Today in Mumbai Reaffirming BJP's commitment to the progress of the Vasai-Virar region, Chavan noted that Chief Minister Devendra Fadnavis is giving top priority to addressing the civic issues of Vasai-Virar and Nalasopara. He assured that the region's development will be steered in a new direction with transparent governance. Chavan added that the inclusion of grass-root leaders like Mahesh Patil, who understands the people's issues, will further strengthen efforts to address the challenges faced by the citizens of Vasai-Virar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top Public Speaking Course for Children Planet Spark Book Now Undo Among those who joined the BJP from the BVA are Slum Cell President Rajesh Thakur, Women's Slum Cell President Savita Thakur, Ravi Patil, Rajesh Patil, Dilip Bhoir, Harsh Mhatre, Dhaval Choraghe of Yuva Pratishthan and others. Political commentators of Vasai Virar have said that last corporation elections of 2015 the BVA won 109 seats out of 115 with 5 for the Shiv Sena and 1 for the BJP. After that elections couldnt be conducted due to covid and then there was administrators rule. With such a long gap and political shift in Maharashtra, this shift in Vasai Virar was expected and the BJP was likely to have its Mayor in the upcoming corporation elections. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
NDTV
07-08-2025
- Politics
- NDTV
18 Years Later, 3 Get Life Imprisonment For Murder Of Politician's Son; 10 Acquitted
Thane: A court in Maharashtra's Thane district on Thursday sentenced three persons to life imprisonment in the case of murder of the son of a local NCP (SP) functionary 18 years ago, and acquitted 10 others. Additional Sessions Judge, Kalyan court, PR Ashturkar, held that the prosecution successfully proved the charges against the three accused. The court in its order noted that charges against 10 others, including Shiv Sena functionary Mahesh Patil, have not not been proved. Hence, they were given the benefit of doubt and acquitted. The prosecution told the court that on April 10, 2007, the accused opened fire at Vijay Patil, son of local NCP (SP) leader Vandar Patil, and killed him inside the gram panchayat office at Golavli in Kalyan area of Maharashtra's Thane district. One person was also injured in the attack. The Manpada police then registered an FIR under various sections of the Indian Penal Code and the Arms Act against the accused. Additional public prosecutors Bamre Patil and Sachin Kulkarni urged the court to give maximum of punishment to the accused. The court convicted Vijay Bakane, Sunil Bhoir and Sajid Sheikh, and sentenced them to life imprisonment. As many as 24 prosecution witnesses were examined to prove the charges, said court constable AR Gogarkar who assisted the prosecution in the trial.
Time of India
07-08-2025
- Politics
- Time of India
18 yrs on, 3 get life imprisonment for murder of politician's son; 10 acquitted
Thane: A court in Maharashtra's Thane district on Thursday sentenced three persons to life imprisonment in the case of murder of the son of a local NCP (SP) functionary 18 years ago, and acquitted 10 others. Additional Sessions Judge, Kalyan court, PR Ashturkar, held that the prosecution successfully proved the charges against the three accused. The court in its order noted that charges against 10 others, including Shiv Sena functionary Mahesh Patil, have not not been proved. Hence, they were given the benefit of doubt and acquitted. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The prosecution told the court that on April 10, 2007, the accused opened fire at Vijay Patil, son of local NCP (SP) leader Vandar Patil, and killed him inside the gram panchayat office at Golavli in Kalyan area of Maharashtra's Thane district. One person was also injured in the attack. The Manpada police then registered an FIR under various sections of the Indian Penal Code and the Arms Act against the accused. Additional public prosecutors Bamre Patil and Sachin Kulkarni urged the court to give maximum of punishment to the accused. The court convicted Vijay Bakane, Sunil Bhoir and Sajid Sheikh, and sentenced them to life imprisonment. As many as 24 prosecution witnesses were examined to prove the charges, said court constable AR Gogarkar who assisted the prosecution in the trial. PTI Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and s ilver prices in your area.
Time of India
04-08-2025
- Politics
- Time of India
18 yrs on, 3 convicted, 10 acquitted in '07 Vijay Patil murder case
Kalyan: In a major development in the 2007 murder case of Vijay Patil, son of local NCP (Sharad Pawar faction) leader Vandar Patil, a Kalyan sessions court on Monday delivered its verdict after 18 years. Of the 13 accused, 10 were acquitted, while charges were proven against three. Vijay was brutally murdered in 2007, inside the Gram Panchayat office of Golvali village in the Kalyan rural area. Following the incident, police registered a case against 13 individuals, including Mahesh Patil, a functionary of the Shinde-led Shiv Sena faction. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai Upon conclusion of the long trial, the Kalyan court acquitted Mahesh Patil and nine others due to lack of evidence. Patil's lawyer, Harish Sarode, said, "It was alleged that Mahesh Patil was present at the crime scene, but during investigation, it was proven that he was in Kalyan court on the same day for another official matter, which led to his acquittal." However, the court found Vijay Bakde, Sunil Bhoir, and Sajid Shaikh guilty in the case. All three were taken into custody and sent to Adharwadi jail. The case saw testimonies from a total of 23 witnesses, including members, staffs of gram panchayat, three brothers of deceased and panch. Sentencing for the three convicted accused is scheduled for August 7.
Time of India
17-07-2025
- Business
- Time of India
Muted Q1 earnings expected, but hopes pinned on second-half recovery led by oil, cement and consumer demand: Mahesh Patil
"For now, we expect the market to remain in a narrow range. It has become more stock-specific . Clearly, companies that report better-than-expected earnings are being rewarded, while those that disappoint are getting punished. We're now in a phase where macro factors are subdued, and it's the micro factors that will drive the markets from here," says Mahesh Patil, CIO, ABSL AMC . The earnings season has just begun. Mahesh Patil: Yes, markets have seen a pretty good rally over the last two to three months, not just in India but globally. We've seen the S&P and other US indices breach previous peaks, and that's where the bigger challenge lies. Some of the concerns—be it geopolitical risks or tariffs—are now easing, with a bit more clarity emerging. We're seeing some trade deals being signed. India too is expected to sign one soon, which may be more favourable compared to others. 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The focus is clearly on earnings growth and whether we're beginning to see a shift in that trajectory. Over the last three to four quarters, earnings have grown only in single digits. The market is looking for a turnaround. Even this quarter may not be too strong—we're expecting mid-single-digit growth—but as we move into the second half of the fiscal year, earnings momentum should pick up. That will be driven not just by a lower base but also by a recovery in sectors that were weak last year. This should help shape the market's course moving forward. For now, we expect the market to remain in a narrow range. It has become more stock-specific. Clearly, companies that report better-than-expected earnings are being rewarded, while those that disappoint are getting punished. We're now in a phase where macro factors are subdued, and it's the micro factors that will drive the markets from here. You spoke at length about earnings expectations—mid-single-digit growth is what you're expecting. But which sectors do you believe could outperform on the earnings front, and which ones might underperform? Mahesh Patil: From an underperformance perspective, some of the larger sectors are dragging overall growth. For example, the banking sector is likely to see muted growth due to NIM compression following rate cuts. In IT, a few results have come in, and again, growth seems lower. Even in the auto sector, growth will likely be somewhat weaker. Live Events On the other hand, sectors that could show higher growth include oil & gas. Last year was a washout, especially for oil marketing companies. With oil prices now down and marketing margins looking strong, we could see a big jump—mostly due to the base effect and improved margins. The cement sector is also recovering after a tough year with EBITDA per tonne at the bottom—so some improvement is expected there. The telecom and pharma sectors should remain fairly steady. These sectors could see some upside, but the rest will likely perform in line with average growth trends. The last time we spoke, you said the markets had largely priced in both the positives and negatives, and the range-bound behavior has continued since. Given the ongoing uncertainty around tariffs and lackluster earnings, what could trigger the next leg up in the market? Mahesh Patil: As I mentioned earlier, the key lies in improving the earnings trajectory. We've been stuck in a zone where overall earnings growth has remained in the mid- to high-single digits. The recent GDP print, while strong in real terms, was only around 9.5% nominal, largely because CPI has dropped to about 2.5%. That reflects a lack of pricing power. However, there are positives: the impact of easy monetary policy, better system liquidity, and a good monsoon could all support a pickup in consumer demand in the second half. That, in turn, should improve pricing power across the board—particularly in consumer and consumer discretionary sectors. This could become the trigger for the market to regain momentum. Within the consumer discretionary basket, is there any particular segment you favour at this point—autos, retail, or something else? Mahesh Patil: In the auto sector, two-wheelers could do better in the second half. Some consumer durable companies are going through a weak quarter, partly due to seasonality and the early monsoon. But as we move ahead, we expect this segment to improve. Also, the transmission of tax cuts and the upcoming Pay Commission revision—a once-in-a-decade event—could lead to higher disposable income for PSU employees. That's actually a bigger stimulus than the ₹1 lakh tax cut we're seeing this fiscal year. So, that trend could continue well into the next fiscal. In this context, consumer durables and retail companies stand to benefit. Even building materials are currently seeing weaker growth, but as new housing construction picks up, we should see demand recover with a lag. So, I'd say these are the areas where the recent tax benefits and the Pay Commission bonanza could drive growth.
