So far, there were only reports of back channel talks between Shiv Sena and BJP, but chief minister Fadnavis formally announced that talks will be back on track on Friday
Notwithstanding the recent bickering between the former allies, the Bharatiya Janata Party (BJP) Thursday announced that it will start afresh talks with Shiv Sena on the issue of the latter's joining the four-week-old government in Maharashtra.
Maharashtra chief minister Devendra Fadnavis told reporters "From tomorrow, senior BJP leaders Devendra Pradhan and Chandrakant Patil will hold talks with Sena leaders."
"It is not only the feeling of wrokers from both parties, but also that of the people of Maharashtra that Shiv Sena join the government. “BJP also wants Shiv Sena to join the government. We fully favour this," he said.
"We fought the recent Assembly elections separately, but we were also together for 25 years. Sena is also part of our government at the Centre," Fadanavis added.
According to the chief minister, Pradhan and Patil will start talks with Shive Sena and they have been given full authority to deal with any issue. If needed, they will consult with me and the party leadership," Fadanavis said.
"I am confident that Shiv Sena will join the state government soon," Fadnavis said.
So far, there were only reports of back channel talks between Shiv Sena and BJP, but Fadnavis formally announced that talks will be back on track.
There were reports of a deal being reached between BJP president Amit Shah and Shiv Sena chief Uddhav Thackeray and of Sena likely to get 10 berths in the Fadnavis government, with at least four of Cabinet rank, but there was no confirmation of the same.
In the 288-member Maharashtra Assembly, the BJP has 121 MLAs, while the Shiv Sena is the second largest party with 63 legislators.
Over a one-year period, the share price of Maa Jagdambe Tradelinks has gone up nearly 5,799% or 60 times
Maa Jagdambe Tradelinks (MJT), formerly known as Parasrampuria Credit and Investments, is into textiles trading activities. Listed on the BSE, MJT was earlier into the financial services business. In March 2013, the promoter group’s stake
drastically fell to 5.26% from 74.95%. In FY13-14, MJT reported total revenue of Rs27.86 crore from operations compared to Rs50 lakh in FY12-13. Profits increased to Rs59 lakh from Rs60 thousand over the same period. The stock price movement, of course, is another matter.
Over a one-year period ended 30 May 2014, the stock has been on an uninterrupted rally—from just Rs1.68 to Rs99.10—up 5799% or nearly 60 times. From May 2014 until now, a six-month period, the stock has traded flat at around Rs100. The number of trades, too, shot up to around 5,000-30,000 a month between March 2014 and October 2014 from just around 10-20 trades a month between May 2013 and February 2014. At the current price, MJT is quoting a price-to-earnings (trailing four quarters) of 1,117 times! MJT has even been suspended in the past for not complying with the listing agreement. But this did not result in any disciplinary action against the company.
A 50-year-old company in the small-cap segment with high return on capital
KSE is a...