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Hans India
23-05-2025
- Politics
- Hans India
Misgovernance and industry exodus during YSRCP regime: Min
Anantapur: In a sharp media briefing, Andhra Pradesh Minister Payyavula Keshav lashed out at former chief minister YS Jagan Mohan Reddy, accusing him of making baseless statements in a desperate attempt to preserve his political existence. Speaking at a press conference, Keshav criticized Jagan for allegedly spreading negativity about Amaravati and hindering the State's development. 'His words suggest he doesn't want industries to come to the State,' Keshav remarked. 'We expected constructive suggestions from him during the media meet, but instead, he focused on false narratives.' Responding to Jagan's remarks on the liquor policy, Keshav pointed out, 'The current policy is the same as the one implemented during his father's tenure. Why didn't they notice the scam then?' He emphasized that the previous TDP government provided sand for free to the public, whereas under YSRCP rule, corruption extended from village levels to the Chief Minister's residence in Tadepalli. 'Scams related to land, sand, and wine all occurred during their rule,' he added. Keshav also attacked Jagan's handling of the Polavaram project, stating that reverse tendering increased costs threefold. 'Jagan is speaking out of fear. He illegally allocated freehold rights to 3.5 lakh acres of land without proper documentation. Who are the beneficiaries of these lands?' he questioned. Highlighting industrial damage under YSRCP, Keshav claimed that Visakhapatnam was destroyed and industries driven away. 'People haven't forgotten the anarchy of the past. We brought in investments worth Rs. 2 lakh crore, including Rs. 22,000 crore through Renew in Anantapur.' He alleged that during YSRCP's five-year rule, the state debt crossed Rs. 10 lakh crore, and Rs. 3.5 lakh crore worth of bills remain pending. He also accused the YSRCP government of halting 94 Central schemes and borrowing further just to pay interest on existing loans. Keshav contrasted this with the policy of late YS Rajasekhara Reddy, who sold land at Re.1 per acre, stating, 'At least that was a policy. Unlike them, we didn't grab three lakh acres of land.' He concluded by highlighting the Rs. 9,600 crore pending dues to industries and the urgent need to support industrialists. 'When YSRCP comes to power, it only reminds people of scams, extortion, and lawlessness. Their rule led to over a lakh children dropping out of school. Just like cigarettes harm health, YSRCP's governance has harmed Andhra Pradesh.'
Mint
21-05-2025
- Business
- Mint
Penny stock below ₹10: FMCG stock raises authorised capital from ₹120 crore to ₹160 crore
Penny stock below ₹ 10: Sarveshwar Foods share price fell over 1.25 per cent in Wednesday's trading session after the company announced that board has approved increase in authorised capital from ₹ 120 crore to ₹ 160 crore. At 12:35 pm, Sarveshwar Foods share price was trading at ₹ 7.09 apiece on National Stock Exchange (NSE). ' Approved increase in Authorised Capital of the Company from Rs.120,00,00,000(Rupees one Hundred and Twenty Crores only) consisting of 120,00,00,000 Equity shares of Re.1/- each to Rs.160,00,00,000(Rupees One Hundred consisting of 160,00,00,000 (One Hundred and Sixty Crores only) to member's approval,' the company said in an exchange filing. However, the decision is contingent upon approval from the company's members, the statement added. Authorized capital refers to the highest number of shares a company is legally permitted to issue, as defined in its Memorandum of Association (MoA). It provides a framework for organized ownership and supports the company's financial stability. Sarveshwar Foods share price saw a significant fall over 20 per cent in 2025, however, has gained over a per cent in one month. The penny stock has given multibagger returns to its long-term investors by soaring over 428 per cent in last five years. The FMCG stock has delivered a 13 per cent gain over the past two weeks. Over the past year, Sarveshwar Foods shares have dropped by 23 per cent. In September 2023, Sarveshwar Foods announced two corporate actions: a stock split and a bonus share issuance. The stock was first split in a 10:1 ratio, meaning each share was divided into ten. Following that, bonus shares were issued in a 2:1 ratio, granting two additional shares for every one held. Sarveshwar Foods, certified by the USFDA, operates in the production, trading, processing, and marketing of both branded and unbranded basmati and non-basmati rice for domestic and global markets.
Mint
21-05-2025
- Business
- Mint
Penny stock below ₹10: FMCG stock raises authorised capital from ₹120 crore to ₹160 crore
Penny stock below ₹ 10: Sarveshwar Foods share price fell over 1.25 per cent in Wednesday's trading session after the company announced that board has approved increase in authorised capital from ₹ 120 crore to ₹ 160 crore. At 12:35 pm, Sarveshwar Foods share price was trading at ₹ 7.09 apiece on National Stock Exchange (NSE). ' Approved increase in Authorised Capital of the Company from Rs.120,00,00,000(Rupees one Hundred and Twenty Crores only) consisting of 120,00,00,000 Equity shares of Re.1/- each to Rs.160,00,00,000(Rupees One Hundred consisting of 160,00,00,000 (One Hundred and Sixty Crores only) to member's approval,' the company said in an exchange filing. However, the decision is contingent upon approval from the company's members, the statement added. Authorized capital refers to the highest number of shares a company is legally permitted to issue, as defined in its Memorandum of Association (MoA). It provides a framework for organized ownership and supports the company's financial stability. Sarveshwar Foods share price saw a significant fall over 20 per cent in 2025, however, has gained over a per cent in one month. The penny stock has given multibagger returns to its long-term investors by soaring over 428 per cent in last five years. The FMCG stock has delivered a 13 per cent gain over the past two weeks. Over the past year, Sarveshwar Foods shares have dropped by 23 per cent. In September 2023, Sarveshwar Foods announced two corporate actions: a stock split and a bonus share issuance. The stock was first split in a 10:1 ratio, meaning each share was divided into ten. Following that, bonus shares were issued in a 2:1 ratio, granting two additional shares for every one held. Sarveshwar Foods, certified by the USFDA, operates in the production, trading, processing, and marketing of both branded and unbranded basmati and non-basmati rice for domestic and global markets. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
30-04-2025
- Business
- Mint
Dividend stocks: Tanla Platforms, Vesuvius India shares to trade ex-dividend today
Tanla Platforms and Vesuvius India shares will be in focus in the Indian stock market today, Wednesday, as they will trade ex-dividend today. The domestic equity benchmark indices, Indian stock market today is expected to open on a weak note amid mixed global market cues. According to the data available on the BSE, a total of four companies will announce corporate actions, including the issue of rights shares. The ex-dividend date is the day when the equity share price adjusts to reflect the next dividend payout. The stock becomes ex-dividend on this day, which means it does not carry the value of its next dividend payment from that day forward. Dividends are paid to shareholders whose names are recorded in the company's register by the end of the record date. Here are stocks trading ex-dividend today - Wednesday, April 30. Tanla Platforms has declared an interim dividend of ₹ 6 per share. The stock turns ex-date for dividend today, April 30. Tanla Platforms dividend record date is also today, April 30. 'we submit that the Board of Directors of the Company at its meeting held on Thursday, April 24, 2025, has declared second interim dividend of Rs. 6/- (i.e., 600%) per Equity Share, of face value of Re.1/- each for the financial year 2024-25,' Tanla Platforms said in a regulatory filing. The Company has fixed Wednesday, April 30, 2025, as the Record Date for determining entitlement of Members for the second interim dividend for the financial year 2024-25, it added. Vesuvius India has declared a final dividend of ₹ 14.5 per share. Vesuvius India shares will also trade ex-dividend today, on Wednesday, April 30. Vesuvius India dividend record date is May 1, Thursday. The dividend, if approved by the shareholders at the Annual General Meeting scheduled on Thursday, May 8, 2025, will be paid thereafter, the company said. 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. First Published: 30 Apr 2025, 08:43 AM IST
