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As CBI Gets 5-Day Custody Of Sisodia, AAP's Political Journey In Tatters
The arrest of Delhi’s Deputy CM Manish Sisodia in the multi-crore excise scam was inevitable though it has sent shock waves in political circles. With the CBI getting his five-day custody, Sisodia’s detention and questioning in various aspects of the excise policy for 2021-22, which the probe agency found suffered from irregularities both in its formulation and implementation, is bound to embarrass the AAP leadership. The CBI had found that profit margins of liquor wholesalers were increased from 5% to 12% in the new excise policy on the insistence of the ‘South Lobby‘, a coterie of politicians and liquor businessmen who allegedly swung the policy in their favour. Ever since the CBI started its investigation, Sisodia, it is believed, systematically destroyed evidence by changing his phone — as many as 140 phones. Crucial to cracking the case has been the arrest of Butchibabu Gorantla, a former CA of K Kavitha, a BRS MLC and daughter of Telangana CM K Chandrasekhar Rao. Babu had allegedly met several accused named in the FIR in Delhi, Hyderabad, and Mumbai and was one of the prime negotiators from the South Lobby, which wanted to swing policy in its favour. It is not just the BRS, even AAP and YSRCP leaders are involved in the scam. A close relative of Telangana PCC chief Revanth Reddy too is involved. In fact, Reddy has instructed his party leaders not to speak against Kavitha.
milind narvekar
Uddhav’s Closest Aide Milind Narvekar Presence In Maharashtra Legislature Central Hall Raises Eyebrows
Shiv Sena leader Uddhav Thackeray’s closest aide Milind Narvekar shot in the news after a gap of some months as his presence in the central hall of Maharashtra legislature became the most discussed political development on the opening day of the state’s budget session. Later, he said he had entered the hall owing to a misunderstanding. Narvekar had hit headlines in the past due to his close personal equations with various top leaders like Sharad Pawar, Devendra Fadnavis and Eknath Shinde. His perceived plans to jump into one camp or another are always a matter of curiosity as he has been associated with varied institutions, from the Tirupati Temple Trust to the Mumbai Cricket Association. Political speculation was rife when Narvekar was seen in the hallowed precincts. His clarification that he had sat in the hall, mistaking it for the viewers’ gallery, was considered thin. Narvekar’s act, ostensibly inadvertent, has raised many questions as he is not new to the legislature to commit such a blunder. His party leader Aaditya Thackeray, when quizzed said, “Ask Milind if he entered the hall due to a mistake or it was his wish.” To corner the Uddhav faction over the issue, Eknath Shinde’s trusted supporter Sanjay Shirsat said, “Narvekar is in touch with us and many more MLAs are also in contact.”
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AICC Plenary Session: From Missing Icon To Finding New One, Cong Hits Refresh Button In Raipur
Senior Congress leaders are downplaying the controversy over the party’s advertisement of the 85th plenary session in which a photo of Maulana Abul Kalam Azad’s — India’s first education minister and former Congress president– went missing. Congress sources said Azad’s picture was very much on display at the AICC plenary function in Raipur. “As for the advertisement, all I can say is that it was not released by the AICC. It was handled locally by the PCC,” said a CWC member. He said the only new inclusion was that of former PM PV Narasimha Rao.” This is the first time that Rao saab made a comeback to the AICC motif after he stepped down as Congress President in 1996.”It is ironic that Rao should find a place only when Sonia Gandhi bowed out after presiding over the Congress for 25 years. Sonia had not allowed Rao’s body to be brought to the AICC office or allowed his cremation in Delhi in 2004. It was left to PM Modi to build a memorial in his honour in 2015. Meanwhile, questions are being raised about the inclusion of Dr BR Ambedkar among the list of former Congress presidents. Sudheendhra Kulkarni tweeted, how Ambedkar, who was never with the Congress and was its bitter critic both before and after Independence could be included? Also Netaji Subhash C Bose, who was forced to step down as Congress President? Is it because Modi has begun bestowing Netaji with so much prestige and honour?
Adani-Group
Adani Stocks: What’s The Further Downward Risk?
From a peak of Rs 24.33 tn (Rs 2,433,000 cr) last year Adani group’s market capitalization has already nose-dived more than 70% to Rs 7.16 tn (Rs 716,000 cr). Is this the end of the slide, or is it going to fall further? A close study of the Adani group stocks reveals that, in the first decade during which the group had just one listed company, Adani’s P/E multiples were in single digit which was far below the market average. In the second decade, when the group started unlocking the value of its closely-held companies, the discounting vastly improved.  In the third decade, when the count of the group’s listed entities increased from 3 to 10, the P/E multiples shot up to three digits which were many times more than the market average. The current slide has corrected the group’s P/E from 147X to 43X. However, this is still far higher than the current market composite P/E of 25X. At the current market composite P/E, the Adani group’s market cap should be about Rs 4.2 tn (Rs 420,000 cr). In other words, the group’s market cap may possibly contract another 40% (about Rs 300,000 cr) under the present circumstances. By arrangement with https://investlive.net/.

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Editor’s Note: Short Post Noticed By People Who Matter

Four years have zipped by and we are crossing another milestone on 31st January 2025 – it’s our 4th Anniversary. It feels good.
Looking back at the 1460 days, I must say Short Post has made its mark with people who matter via 4000 stories published in the areas of politics, business, entertainment and sports. All made possible by the unflinching commitment and dedication of our senior editors, most of whom have been part of this journey from Day One.
Small pack, big impact is in essence the story of Short Post which was launched at the height of the Covid-19 pandemic in 2021. It shows our conviction. In all humility, I can say, we have created a new niche in the news segment space like Hindustan Unilever which created a new segment, when it launched CloseUp Gel.
Yes, we have created a brand (in a limited sense), created demand (readers) and created supply (senior journalists). But we are facing teething problems like all start-ups. What makes us happy and confident is the recognition of our efforts. For instance, we have an arrangement with the OPEN Magazine, part of the $4.5 billion Kolkata-based Sanjiv Goenka-RPG Group. This arrangement sees around 10 Short Post stories posted on OPEN Magazine website every week. This arrangement is testimony that our content has been well received! Also, I may add that the Maharashtra government has recognised Short Post and has allowed our senior editor to cover the Assembly sessions. Ditto: Odisha.
Our goal is to ensure that Short Post becomes a habit. I would like people to keep checking their smartphones to know the latest Authentic Gossip. As regards AI and the fear of it disrupting all businesses including media. On that, personally, I have no such fear as I am confident AI cannot smell news particularly Authentic Gossip. That’s the place we are well entrenched.