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By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

Another battle between Pawars on card

Jay desires to contest election in 2029; Rohit reacts strongly Mumbai: Barely had the voting for Baramati Assembly by-election ended, a potential ‘Pawar versus Pawar’ battle in 2029 spooked the immediate contest in which Nationalist Congress Party President and Deputy Chief Minister Sunetra A. Pawar is the prime contender. The by-poll itself – compelled by the demise of former NCP chief and ex-Dy.CM Ajit A. Pawar in January – witnessed a large turnout after an emotionally-charged campaign in...

Another battle between Pawars on card

Jay desires to contest election in 2029; Rohit reacts strongly Mumbai:  Barely had the voting for Baramati Assembly by-election ended, a potential ‘Pawar versus Pawar’ battle in 2029 spooked the immediate contest in which Nationalist Congress Party President and Deputy Chief Minister Sunetra A. Pawar is the prime contender. The by-poll itself – compelled by the demise of former NCP chief and ex-Dy.CM A jit A. Pawar in January – witnessed a large turnout after an emotionally-charged campaign in which even bigwigs from the Nationalist Congress Party (SP) participated. As the voting progressed, certain remarks from both NCP (SP) MLA Rohit R. Pawar and his cousin Jay A. Pawar, son of Sunetra, indicated that the future of Baramati politics would remain family-dominated, at least till the next Assembly elections in 2029. Accompanying his mom to the polling centre, Jay claimed that pressure was mounting on him from the commoners and NCP workers urging him to contest the Baramati elections after 3 years. People’s Desire “It’s the demand from the party activists and the desire of the people that I should be a candidate in 2029. But from my heart, I wish to continue working as an ordinary party worker and serve everyone,” said Jay, hinting that he would be a reluctant contestant while sparking a mini-row. Predicting a record voter turnout and a victory margin for his mother, he appealed to the voters to support Sunetra as enthusiastically as they had supported his father, the late Ajit Pawar in the past. Quickly reacting to Jay’s utterances, Rohit also hinted at the likelihood of a face-off between family members in the next Assembly polls. “We should heed the sentiments of the party workers and the people… Their party (NCP) is different from our (NCP-SP) party,” Rohit said, making it clear that political loyalties would remain separate despite close family ties. Yugendra vs Jay In the eventuality of Jay being fielded by the NCP in 2029, Rohit suggested that another cousin, Yugendra S. Pawar – son of Shrinivas A. Pawar, and nephew of Ajit Pawar – could be a prospective rival from the NCP (SP) – making it another ‘Pawar versus Pawar’ poll duel. Baramati Assembly and Lok Sabha seats have in the past witnessed politically charged electoral battles between different family members of the Pawar clan, he reminded. Nevertheless, Rohit also admitted how the masses frowned at such intra-family contests – as in the 2024 Lok Sabha elections - which divided virtually all families in Baramati while Sunetra Pawar and her ‘nanad’ Supriya Sule slugged it out at the hustings. “It is not the desire of the people to see another ‘Pawar versus Pawar’ fight… There are certain political forces opposed to the Pawar Family which seem keen to foment such divisive contests and weaken its influence here,” Rohit declared. Keeping the door ajar for a reconciliation between the NCP(SP)-NCP, he said it would be opposed, but the views of the workers, elected representatives and family members tend to complicate the issues, as ‘withdrawing from power’ is not an easy option – making it clear that both the parties would function independently at least for the present. Shrinivas Pawar reprimands cousins The statements by the cousins Jay and Rohit evoked sharp response from Shrinivas A. Pawar who pulled them up for raising decisive yet divisive futuristic issues during the polling today. “What was the need to say all this now? Today is important and everyone has come out for ‘Dada’ (Ajit A. Pawar)… We must all remain united,” emphasised Shrinivas A. Pawar. Chiding the younger cousin-siblings, Shrinivas said that “if you are aware that people don’t prefer such intra-family contests, why don’t you sit together and resolve these issues”. Baramati, Rahuri see 50 pc voting Bypoll to the Baramati assembly seat in Maharashtra's Pune district, where Deputy Chief Minister and NCP president Sunetra Pawar was in the fray, recorded a voter turnout of around 50 per cent till 5 pm on Thursday, officials said. The voting percentage in Rahuri assembly constituency in Ahilyanagar district, which also saw a bypoll, was 50.74 per cent, they said. Voting, which began at 7 am, concluded at 6 pm. The Rahuri assembly seat became vacant after BJP MLA Shivaji Kardile's death in October last year. His son Akshay Kardile was in the fray as a BJP candidate from the seat, and was pitted against NCP (SP) candidate Govind Mokate and Vanchit Bahujan Aghadi's Santosh Chalke.

Sensex up 281 points as retail inflation drops to 6-year low in April

  • PTI
  • May 14, 2025
  • 2 min read


Equity benchmark indices Sensex and Nifty rebounded in early trade on Wednesday as retail inflation eased to a nearly six-year low of 3.16 per cent in April, creating enough room for the Reserve Bank to go for another round of rate cut in the June monetary policy review.

 

Also, a cooling US April inflation data added to the positive trend in the equity markets.

 

The 30-share BSE benchmark gauge Sensex climbed 281.43 points to 81,429.65 in early trade. The NSE Nifty went up by 96.65 points to 24,675.

 

From the Sensex firms, Tata Steel, Bharti Airtel, Eternal, Tech Mahindra, Infosys, Mahindra & Mahindra, Bajaj Finserv and Reliance Industries were the major gainers.

 

Telecom operator Bharti Airtel climbed over 2 per cent after it posted about a five-fold jump in consolidated net profit to Rs 11,022 crore in the March 2025 quarter, mainly due to the tariff hike impact and one-time gain on tax benefits.


 

However, Tata Motors, Asian Paints, Nestle and IndusInd Bank were among the laggards.

 

Tata Motors dipped over 1 per cent after the firm reported a 51 per cent decline in consolidated net profit to Rs 8,556 crore for the March quarter, hit by lower volumes and operating leverage.

 

"A strong tailwind for the Indian market is the sharp dip in April CPI inflation to 3.16 per cent. This leaves enough room for the MPC to cut rates thrice more in this cutting cycle. This is positive for the market in general and rate sensitives in particular," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

 

Retail inflation eased to a nearly six-year low of 3.16 per cent in April mainly due to subdued prices of vegetables, fruits, pulses, and other protein-rich items, creating enough room for the Reserve Bank to go for another round of rate cut in the June monetary policy review.

 

The Consumer Price Index (CPI) based inflation was 3.34 per cent in March and 4.83 per cent in April 2024. It was 3.15 per cent in July 2019.

 

"These developments (India, US inflation data) are likely to boost investor sentiment. In addition, easing trade tensions between the US and China, as well as a reduction in geopolitical frictions between India and Pakistan, are supportive of a favorable market environment," Vikas Jain, Head of Research at Reliance Securities, said in his pre-open market quote.

 

In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading higher while Japan's Nikkei 225 index quoted lower.

 

US markets ended mostly higher on Tuesday.

 

Global oil benchmark Brent crude dipped 0.57 per cent to USD 66.25 a barrel.

 

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 476.86 crore on Tuesday, according to exchange data.

 

On Tuesday, the Sensex tanked 1,281.68 points or 1.55 per cent to settle at 81,148.22. The broader Nifty of NSE dropped 346.35 points or 1.39 per cent to 24,578.35.

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