#Sudip Bandyopadhyay
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Opposition Leaders Challenge Modi Government in Lok Sabha Protest
In a break from tradition, senior Opposition leaders entered the Well of the Lok Sabha on Friday, brandishing placards and challenging the Narendra Modi government to suspend them. This bold move came a day after 14 MPs faced suspension for alleged "misconduct" while pressing for Home Minister Amit Shah's statement on the Parliament security breach. Among those leading the protest were Congress Lok Sabha leader Adhir Chowdhury, Trinamul Congress's Sudip Bandyopadhyay, DMK's T.R. Balu, and National Conference veteran Farooq Abdullah. They accused the government of a dictatorial attitude, demanding Shah's resignation and action against BJP MP Pratap Simmha.
As the Lok Sabha convened, Opposition veterans, joined by colleagues, descended into the Well with placards bearing slogans like "tanashahi nahi chalegi" (dictatorship will not be tolerated) and "grih mantri ishtifa do" (home minister, resign). Sensing the heightened tension, Speaker Om Birla refrained from presiding over the session and deputed Rajendra Agrawal, who promptly adjourned the House within a minute. The day saw both Houses adjourned without transacting any business, as the Opposition sought to counter the government's decision to suspend their MPs.
The Opposition's aggressive stance was a response to the government's suspension of MPs over the security breach, which the Speaker had sought to absolve the government from. Opposition leaders argued that the seriousness of the lapse warranted at least a statement from Home Minister Shah in both Houses. Prime Minister Modi and Shah continued to avoid Parliament, attending an event in Rajasthan instead. Shah's decision to address the security breach in a media house conclave, rather than Parliament, further fueled the Opposition's ire, with Congress president Mallikarjun Kharge criticizing the move.
Ahead of parliamentary proceedings, Opposition leaders, accompanied by suspended MPs, staged a protest in front of Mahatma Gandhi's statue, accusing the government of attempting to stifle their voices. Congress parliamentary party chairperson Sonia Gandhi stood at the gate of the new Parliament building to show solidarity with the suspended MPs. The decision to challenge the government by daring it to suspend more Opposition leaders, including seniors, was made during a meeting of the INDIA bloc parties in Parliament. Even the Lok Sabha leader of the BJD, usually friendly towards the government, supported the Opposition's demand for a statement from the Centre.
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[ad_1] “The correction we observed in midcap seems overdone primarily because, if you consider the index, 75% weightage is on large caps and 25% covers numerous midcaps,” says Sudip Bandyopadhyay of Inditrade Capital. “Midcaps and smallcaps will always remain an attractive investment opportunity. They do present challenges, like liquidity. Investing in some of these smallcaps is similar to venturing into VC-backed companies – they exhibit very strong growth,” says Punita Kumar Sinha of Pacific Paradigm Advisors. Edited excerpts: ETMarkets.comET Now: Tell us how clear and present you see the danger of a sharp correction in the midcaps at this point, compared to the large caps. Why do midcap valuations look as extended as this report indicates?Punita Kumar Sinha: First of all, I believe India is undergoing a structural change as an economy. When India's GDP per capita rises, which I anticipate will happen exponentially, we cannot just limit ourselves to large cap names because there are only about 200-300 of them. Some of these midcaps will inevitably become large caps, so that universe has to expand. However, the entirety of India's story isn't reflected in just these 300 companies. Thus, midcaps and small caps will always remain an attractive investment opportunity. They do present challenges, like liquidity. Investing in some of these small caps is similar to venturing into VC-backed companies – they exhibit very strong growth. Hence, investors find these opportunities quite appealing, anticipating that these companies will experience exponential growth.Unlock Leadership Excellence with a Range of CXO CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Marketing Officer ProgrammeVisitET Now: Which investors find the midcap universe interesting? The Jefferies note mentions that FIIs aren't as overweight on India as expected. Why do you think that is, especially since the current upsurge is primarily driven by domestic investments? If midcaps are promising, would that be the area they're most interested in?Sudip Bandyopadhyay: There are two aspects to understand here. First, the correction we observed in midcap seems overdone primarily because, if you consider the index, 75% weightage is on large caps and 25% covers numerous midcaps. When there's a transition to large cap, even a minor shift impacts the midcaps considerably due to this weight structure. Secondly, yes, some midcap stocks did appear overvalued, and a degree of correction was probably due. However, it's essential to note that not all midcaps were overpriced, and not all needed adjustment. Also, many large cap stocks appeared attractive compared to mid and small cap valuations just a few weeks ago. Changes were certainly needed. Another pivotal element to understand is the evolving market conditions in the US, particularly with rising oil prices and potential US Fed hikes.ET Now: Considering the emerging macro data from the US, including inflation trends, expected Fed actions, the dollar's trajectory, oil prices, and the recent spike in US bond yields, how do you see foreign fund flows moving now?Punita Kumar Sinha: Foreign fund flows have been gravitating towards India, primarily from many emerging market funds where China's weightage has diminished considerably. I recently spoke with a sell-side strategist in the US who revealed that several hedge funds have significantly reduced their weight in Hong Kong and China, redirecting much of that capital to India. This shift is energizing the Indian market. While the technicals of mid and small caps indicate they're overbought, the long-term narrative suggests significant growth opportunities for patient investors. As for the US macro situation, factors such as rising oil prices and imminent elections in various countries pointed to increased risk levels. However, the markets largely disregarded these risks over the past few months. If China enacts enough stimulus, we might witness some funds returning there. But, looking at valuations and technicals, a market correction would likely be beneficial.ET Now: Global cues seem unfavorable currently, especially with recent developments in Europe and ECB rate hikes. Yet, India continues to project bullish sentiments. How robust do you believe our fundamentals are currently? And can you comment on the correlation between capex cycles, corporate growth, credit growth in our financial sector, and the market's upward trajectory post the August consolidation?Sudip Bandyopadhyay: Two crucial factors stand out. The global rise in oil prices poses a challenge for India. However, the ongoing hesitance about China among global investors balances it out. With the impressive GDP growth that India is showcasing, foreign investments will naturally be attracted to the country. Another significant trend is the financialisation of savings. Previously, a significant portion of Indian savings was tied up in unproductive assets like gold. Now, more funds are entering the market, both directly and through mutual funds and insurance. This influx is just the beginning. As more Indian capital gets channeled into the Indian capital market, its health and vigor will be maintained. While FII selling might occur, domestic investors and institutions are not only absorbing this but also propelling the market upwards. Thus, despite short-term volatility, the long-term outlook for Indian markets remains positive.ET Now: Given the shift in foreign investments into Indian markets, how do these significant foreign institutions view asset allocation, especially considering China's substantial role in the emerging market index and the exodus from passively managed funds to circumvent China? Could you also shed light on this from a sectoral perspective?Punita Kumar Sinha: To add to Sudip's points, during the 90s, foreign investors predominantly drove the Indian market due to a dearth of domestic capital. Now, the Indian market is much more reliant on domestic capital. Due to capital controls in India, mutual funds and investors can't invest overseas. This constraint provides a solid foundation for Indian equities, possibly the reason why they often trade at a premium compared to other countries. From an allocation standpoint, US investors have the flexibility to invest anywhere. Many have also ventured into money market funds, fetching them around 4.5-5%, a rate higher than recent years. As risks rise, funds might transition from risky assets to more stable ones, possibly affecting flows into emerging markets. Nonetheless, from a value perspective, other markets still hold more promise than the US. [ad_2]
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Mamata Banerjee Likely To Meet Odisha Chief Minister Next Week: Trinamool MP Sudip Bandyopadhyay
Mamata Banerjee is likely to call on his Odisha counterpart Naveen Patnaik on March 23 Kolkata: West Bengal Chief Minister Mamata Banerjee is likely to call on his Odisha counterpart Naveen Patnaik on March 23 during a two-day visit to the neighbouring state, a senior party leader said on Friday. The Trinamool Congress supremo will also offer prayers at the Jagannath Temple in Puri during the…
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UltraTech, Welspun India & Indian Hotels good long-term bets: Sudip Bandyopadhyay
UltraTech, Welspun India & Indian Hotels good long-term bets: Sudip Bandyopadhyay
The next big trigger, which the market will be eyeing, is definitely going to be corporate earnings for the next quarter and also government policies that may or may not get announced, says Sudip Bandyopadhyay, Group Chairman, . Edited excerpts from an interview: This week was very sector specific from a news flow point of view, as we saw a lot of momentum around the metal space with aluminium.…
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TCS' Rs 16,000 cr buyback opens this week. Should you tender your shares?
TCS’ Rs 16,000 cr buyback opens this week. Should you tender your shares?
Information technology (IT) major Tata Consultancy Services’ (TCS) Rs 16,000 crore share buyback programme is scheduled to open on December 18 (Friday). In November, TCS shareholders had approved a proposal to buy back up to 5.3 crore equity shares, or 1.4 per cent, of the total paid-up equity share capital of the company at Rs 3,000 apiece for an aggregate amount not exceeding Rs 16,000 crore.…
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#Abhimanyu Sofat#Angel Broking#BSE sensex#Deepak Jasani#IIFL Securities#it stocks#Jyoti Roy#markets#Sudip Bandyopadhyay#tcs#TCS buyback#TCS buyback offer#TCS share buyback
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Motherson Sumi, Amara Raja or Exide can be good buys: Sudip Bandyopadhyay
Motherson Sumi, Amara Raja or Exide can be good buys: Sudip Bandyopadhyay
Bharti Airtel will again come under significant balance sheet pressure for AGR dues payment and 5G acquisition. Therefore, I will be a little cautious on Bharti Airtel, says the Group Chairman, Inditrade Capital.
Should one buy into auto ancillaries like Amara Raja, Motherson Sumi and Bharat Forge in dips? Absolutely right. We have been bullish on auto ancillaries as well as the battery industry…
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#Amara Raja#Dilip Buildcon#et now#Exide Industries Ltd.#indiTrade Capital#markets#Motherson Sumi#Sudip Bandyopadhyay
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Prefer SBI Life over HDFC Life; Manappuram over Muthoot: Sudip Bandyopadhyay
Prefer SBI Life over HDFC Life; Manappuram over Muthoot: Sudip Bandyopadhyay
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The vaccine is probably around the corner. If there are some positive announcements around that, we will see a big rally, says the Group Chairman, Inditrade Capital. Are you sensing some fatigue not just for our markets, but globally as well? Absolutely right. In July itself, Indian markets have gone up about 7% and this predominantly has to do with what is happening globally and not much…
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#Bandyopadhyay#et now#HDFC#HDFC Life#HeidelbergCement#Inditrade Capital.#Life#Manappuram#Manappuram Finance Ltd.#markets#Muthoot#Muthoot Finance Ltd.#Prefer#Reliance#SBI#SBI Life Insurance Company Ltd.#Sudip#Sudip Bandyopadhyay
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Mamata Banerjee blames Centre’s ‘vendetta politics’ for Tapas Paul’s death | India News
https://theindianewstoday.com/mamata-banerjee-blames-centres-vendetta-politics-for-tapas-pauls-death-india-news/ Mamata Banerjee blames Centre’s ‘vendetta politics’ for Tapas Paul’s death | India News
#breaking news#CBI#Google News#India#India news#India news today#Mamata Banerjee#Sudip Bandyopadhyay#Tapas Paul#Today news
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Rose Valley scam: 9 influential TMC leaders under CBI scanner
Rose Valley scam: 9 influential TMC leaders under CBI scanner
Kolkata, Jan 7: The worries for the Trinamool Congress is far from over in the Rose Valley scam. The CBI has on its radar at least nine more very influential members of the TMC who will be questioned soon and might be arrested if needed, CBI officials say.
A list of 11 persons from the TMC had been prepared by the CBI. It is said that these persons had allegedly helped key accused in the scam,…
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मोदी पर तीखा हमला, गिरफ्तारी से भड़कीं ममता
मोदी पर तीखा हमला, गिरफ्तारी से भड़कीं ममता
नई दिल्ली : 17 हजार करोड़ रुपये के रोज वैली पॉन्जी घोटाले के मामले में अपने सांसद सुदीप बंदोपाध्याय की गिरफ्तारी पर ममता बेहद नाराज हैं। उन्हें केंद्र की मोदी सरकार के खिलाफ दस राज्यों में विरोध-प्रदर्शन की योजना बनाई है। शुरुआत दिल्ली और कोलकाता में बुधवार से होगी। तृणमूल नेता संसद भवन परिसर में विरोध जाहिर करेंगे।
गिरफ्तारी से नाराज पश्चिम बंगाल की मुख्यमंत्री ममता बनर्जी ने मंगलवार को…
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#arrest#Mamata Banerjee#mp#Narendra Modi#Sudip Bandyopadhyay#West Bengal Chief Minister#गिरफ्तारी#नरेंद्र मोदी#पश्चिम बंगाल#ममता बनर्जी#मुख्यमंत्री#सांसद#सुदीप बंदोपाध्याय
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CBI arrests Sudip; Mamata's fight with Centre intensifies
@ http://rnapoint.com/NewsExpressView.aspx?NEID=382
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সেনাবাহিনীর পূর্বাঞ্চলের লেঃ জেনারেল রাণাপ্রতাপ কালিটার উপস্থিতির মধ্যে দিয়ে শুরু হল ফাটাকেষ্টর কালীপুজো
নিউজ ডেস্ক:- সেনাবাহিনীর পূর্বাঞ্চলের শীর্ষ আধিকারিক (GOC-in-C Eastern Command) লেফটেন্যান্ট জেনারেল রাণাপ্রতাপ কালিটা (Lt. General Rana Pratap Kalita)-র উপস্থিতির মধ্যে দিয়ে শুরু এবারের হল ফাটাকেষ্টর কালীপুজো। সাবেক রীতি রেওয়াজ মেনে ভক্তি শ্রদ্ধা স��যোগে ধন ত্রয়োদশী-র পবিত্র তিথিতে জনগণের জন্য খুলে দেওয়া হল উত্তর কোলকাতার বহুচর্চিত 'ফাটাকেষ্ট-র কালীপুজো'-র মণ্ডপ। নব যুবক সংঘ আয়োজিত 'ফাটাকেষ্ট-র কালীপুজো' এই বছর ৬৫ তম বর্ষে পদার্পণ করল। প্রবন্ধ রায় ওরফে ফ্যান্টা (Probandho Roy @ Fanta)-র নেতৃত্বে কোলকাতার 'সীতারাম ঘোষ স্ট্রিট'-এ সাড়ম্বরে পালিত হচ্ছে ফাটাকেষ্ট নামাঙ্কিত এই কালীপুজো।
লেঃ জেনারেল রাণাপ্রতাপ কালিটা-র সাথে আজ উদ্বোধনী মঞ্চে উপস্থিত ছিলেন তৃণমূল কংগ্রেস-এর বর্ষীয়ান সাংসদ সুদীপ বন্দ্যোপাধ্যায় (MP Sudip Bandyopadhyay), বিধায়ক মুকুল রায় (MLA Mukul Roy), বিধায়ক তাপস রায় (MLA Tapash Roy), অন্যতম নেতা সঞ্জয় বক্সি (Sanjoy Boxi) সহ এলাকার তিন পৌরপ্রতিনিধি সুপর্ণা দত্ত (Councillor Suparna Dutta), সাধনা বসু (Councillor Sadhana Bosu) ও স্বপন সমাদ্দার (Councillor Swapan Samaddar) সহ একাধিক বরেণ্য অতিথিবৃন্দ।
প্রসঙ্গত বলে রাখা ভালো, ১৯৯২ সালে হৃদরোগে ফাটাকেষ্টর ��ৃত্যু হওয়ার পর বর্তমানে এই পুজোর গুরুদায়িত্ব নিজের কাঁধে তুলে নিয়েছেন প্রবন্ধ রায় ওরফে ফ্যান্টা। উদ্বোধনী মঞ্চে দাঁড়িয়ে একদিকে যখন সাংসদ সুদীপ বন্দ্যোপাধ্যায় মায়ের বিভিন্ন রূপের বিবরণ শুনিয়েছেন, ঠিক তখন বিধায়ক তাপস রায় অপর বিধায়ক মুকুল রায়-কে সাক্ষী মেনে মায়ের কাছে দুষ্টের দমন শিষ্টের পালন করার অনুরোধ রেখেছেন। Read the full article
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After arrests of Partha, Anubrata: MP-MLA slanging match a new headache for TMC
After arrests of Partha, Anubrata: MP-MLA slanging match a new headache for TMC
Close on the heels of the arrests of former minister Partha Chatterjee and party’s Birbhum district president Anubrata Mondal in the school jobs scam and cattle smuggling cases, a bitter war of words between two party veterans — North Kolkata MP Sudip Bandyopadhyay and Baranagar MLA Tapash Roy — has become a cause of embarrassment for the Trinamool Congress. Roy had first attacked Bandyopadhyay…
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FM Nirmala Sitharaman presents Rs 1.42-trn J&K Budget in Lok Sabha
Finance Minister Nirmala Sitharaman on Monday presented a Rs 1.42 lakh crore budget for the union territory of Jammu and Kashmir for the year 2022-23 in the Lok Sabha, amid demands from the opposition that it be given adequate time for studying the proposals.
Sitharaman also presented the supplementary demands for the year 2021-22 totalling Rs 18,860.32 crore for the Union Territory and moved a motion seeking suspension of certain rules to allow the House to take up the discussion on the same day.
Congress member Manish Tewari and RSP member N K Premachandran objected to the motion moved by Sitharaman, contending that that the Rule 205 formed part of the basic rules of procedure and cannot be waived.
Some rules are beyond the amending powers of the House, Tewari, a Congress member from Anandpur Sahib, said, arguing that the members required time to study the Budget proposals made by the government for Jammu and Kashmir.
Minister of State for Parliamentary Affairs Arjun Ram Meghwal said the discussion will take place after two hours.
Rajendra Agarwal, who was in the Chair, said the business for the day was approved by Speaker Om Birla during the Business Advisory Committee meeting.
Tewari said the duty of the Lok Sabha gets compounded as it was assuming the responsibility of the Jammu and Kashmir legislature, which ought to have taken up the matter.
The government had not circulated the budget papers, he said while suggesting that the discussion be scheduled for Tuesday which would allow members to study the proposals and make reasoned arguments.
Premachandran, the member from Kollam, said the minister had also sought a discussion on the budget proposals and the supplementary demand for grants together, which would go against the rules.
Trinamool member Sudip Bandyopadhyay said the issue was discussed in the Business Advisory Committee and it was agreed that the discussion on the J-K Budget will be taken up two hours after the presentation.
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All about the Rs 15,000 cr Rose Valley scam that has rattled TMC leaders
All about the Rs 15,000 cr Rose Valley scam that has rattled TMC leaders
The back-to-back arrests of Trinamool Congress MPs Sudip Bandyopadhyay and Tapas Pal have put the focus back on the Rose Valley scam which according to the Central Bureau of Investigation is worth around Rs 15,000 crore.
West Bengal and the TMC have been hit by two major scams, Saradha and Rose Valley. “In comparison, the Rose Valley is much bigger than Saradha,” a CBI officer informed OneIndia.
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