Business
Brightcom Group top mover, Tata Teleservices runner-up in equity race for FY22

Reopening of Indian economy post the aggressive vaccination drive helped investors mint money in the stock markets as multiple stocks turned multibagger in the financial year FY22 that ended on March 31, 2022.
The top moving stock in the previous financial year was Brightcom Group, rising 2,500 per cent from Rs 4 to Rs 102 during the period. Fortunes of those investors who betted on Brightcom Group’s shares have brightened in the past one-year.
Founded in 1999, the Hyderabad-based listed company deals in digital marketing and advertising solutions. In December 2021, it acquired 100 per cent stake in digital marketing firm MediaMint in a mixed cash-and-stock deal worth Rs 566 crore. Next came the Tata company Tata Teleservices. It rose 1,201 per cent during the fiscal from Rs 13 to Rs 175.
Mumbai-based Tata Teleservices, a subsidiary of the Tata Group, deals in broadband, telecommunications and cloud services. It is important to note that the rise in share prices of the company comes at a time when major Indian telecom operators have raised their prepaid tariffs by around 20 per cent.
Also, the country preparing to launch the high-speed 5G network and augmenting the broadband internet services in all villages are likely to have supported the telecom scrip. Further, RattanIndia Enterprises, 3I Infotech, and GRM Overseas rose 817 per cent, 560 per cent and 425 per cent, respectively. Shares of Jindal Worldwide, Khaitan Chemicals & Fertilizers, Vishnu Chemicals, Ange One, Gokaldas Exports and Nahar Polyfilms gained above 400 per cent each, data showed. Analysts expect the positive outlook of Indian equities to continue in FY23, however, rising commodity prices-led inflation is a key monitorable.
For the near-term, the outcome of the Reserve Bank of India’s upcoming monetary policy meeting next week would be the major factors that will dictate the market outlook. “With the beginning of the new fiscal year, markets will be closely eyeing the MPC’s monetary policy review outcome scheduled on April 8. Participants are expecting the status quo however their commentary on inflation and growth would be critical amid global tightening,” said Ajit Mishra, VP Research at Religare Broking.
On the macro front, participants will be eyeing manufacturing and services PMI data on April 4 and April 6 respectively besides global cues like updates on the Russia-Ukraine war, movement of crude oil will remain in focus, said Mishra.
National
BJP accuses Congress of opposing voter verification to shield fake votes in Bihar

New Delhi, June 27: Following Congress’ objection to the Election Commission of India’s special revision of the state’s voter list ahead of the upcoming Assembly elections in Bihar, the BJP has launched a sharp counterattack, accusing the grand old party of attempting to protect fake voters.
BJP state president Dilip Jaiswal defended the ECI and called Congress’ objections baseless.
“The Election Commission is an independent body which works independently. It is its responsibility to ensure that elections are conducted with complete transparency. If any political party opposes this, it is wrong. Fake voting can be prevented by the revision of the voter list. Voters who have died will be identified. This process will also make it clear whether the voter is actually in Bihar or voting somewhere else. This is a very necessary step for transparency. I congratulate the Election Commission for this,” Jaiswal said.
Bihar Congress president Rajesh Kumar on Thursday criticised the ECI for initiating the voter list revision process in a limited time frame.
He alleged that the move is part of a conspiracy to suppress the electoral rights of marginalised communities.
Reacting strongly to these allegations, BJP leader and Minister Nitin Nabin questioned Congress’ intent behind opposing the exercise.
“I say that Congress should clarify what exactly they are objecting to. If genuine voters are being verified and fake voters are being removed, is Congress sitting here to commit fraud? I want to ask the opposition members who are opposing this, are you trying to gain power through fake votes? Such fake voters will definitely be stopped, and the parties doing fraud will also be taught a lesson,” Nabin asserted.
The ECI has issued instructions for holding Special Intensive Revision (SIR) in Bihar, where polls are to be held by year-end. This means electoral rolls for the state will be prepared afresh.
The special voter list inspection has been undertaken by the ECI as a standard pre-election procedure to ensure the accuracy of electoral rolls.
Officials have stated that the process will help remove deceased or duplicate voters and correct errors, ensuring a fair and transparent election.
Crime
Kerala HC judge files complaint of theft at his residence, police probe on

Kochi, 27 June: The Kochi police have received a theft complaint from Kerala High Court Judge, Justice A. Badharudeen, according to officials on Friday, stating that six sovereigns of gold were missing from his residence.
The complaint, which was filed on Thursday, mentions that the gold has been stolen from the judge’s bedroom. The police have registered an FIR under Section BNS 305.
What has surprised many is that the thief has decamped with gold from a high-security guarded house located in the heart of the commercial capital of the state.
The judge registered the complaint with the Kalamassery police under which his residence falls.
After the preliminary probe, the police are now planning to prepare a list of those who need to be spoken to, as this incident occurred in the bedroom of the senior judge.
More details are awaited.
The incident has raised concerns regarding the security situation in the state. The Congress-led UDF has been accusing the state government of failing to curb the crimes.
It has been found that Kerala is a haven for organised gangs hailing from neighbouring states who specialise in robbing homes, and the cases against non-Keralaite thieves are also on the increase.
According to information prepared by the home department, which was placed before the Assembly last year, it showed 192 cases of theft involving non-Keralites were registered in 2021, and the numbers have been steadily increasing. This rose to 360 in 2022.
In 2023, the number increased further to 519, and by September 2024, a total of 307 such cases were registered. But the image of the Kerala Police got a boost when over 1,350 thieves during this period were put behind bars.
However, with regards to the case being registered in the burglary at the home of a judge, the police appear to have a tough job ahead.
Likewise, with other crimes also on the increase, the Ernakulam Police have come out with a directive to landlords who are seeking to rent out their properties. The police have urged the landlords to get a police clearance certificate from the prospective tenants from their local police station where they stayed.
National
Thackeray brothers will jointly hold one anti-Hindi protest: Sanjay Raut

New Delhi, June 27: Amid plans to hold two protests against imposition of Hindi in schools in Maharashtra, senior Shiv Sena (UBT) leader Sanjay Raut on Friday announced that there would be only one demonstration and the two Thackeray brothers would participate in it together.
Even though there has been no formal announcement on this till now by the Maharashtra Navnirman Sena (MNS) or the Shiv Sena (UBT), but Sanjay Raut’s post on X, in which he has also put up a picture of the two cousins together with a photograph of the late Bal Thackeray in the background, has fuelled speculation of rapprochement between Uddhav and Raj Thackeray and the possibility that they might hold the protest jointly.
Earlier, close to Raj Thackeray’s birthday Uddhav Thackeray had also hinted at a rapprochement between them but nothing concrete had come out of it.
On Thursday MNS chief Raj Thackeray announced the change in morcha date to July 5 instead of July 6 to protest the imposition of Hindi in Marathi and English-medium schools for classes 1 to 5 in Maharashtra.
This was done as the auspicious Ashadhi Ekadashi falls on July 6 when the devotees fast for the day and walk all the way to Pandharpur to pay tribute to the presiding deity Vitthal.
Significantly, Uddhav Thackeray on Thursday extended his party’s support to a morcha organised on July 7 in Mumbai by The Tribhasha Sutra (Three language formula) committee.
Raut’s post is significant because even though both the brothers and their parties had declared that they would not allow the imposition of Hindi, they had announced two different protests.
Insiders from both the parties said that efforts are on to fight as one, in order to avoid a split in the Marathi speaking people opposing the imposition of Hindi.
Now, it remains to be seen whether Sanjay Raut’s post was his own initiative or whether it had the blessings of the leaders of both the parties and the two estranged brothers have finally decided to come together for a cause close to their heart and fight for it jointly.
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