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Congress-NCP alliance will be 100% formed for Goa polls: NCP state prez

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Top state Congress and Nationalist Congress Party leaders have started a conversation about forming an alliance for the 2022 Assembly polls in Goa and a seat sharing agreement would be at “100 per cent”, Goa NCP president Jose Phillip D’Souza said on Thursday.

Speaking to reporters her, D’Souza also said that the NCP had sent a list of “seven to eight” candidates to his Congress counterpart Girish Chodankar and expressed hope that the alliance would be sealed by November 25.

“We had also spoken to Congress leaders, but finally last night I met Girish, Congress president. We had a healthy discussion on an alliance. Our Central leaders have said that you should start discussion at the local level,” D’Souza said.

“We are a national party. Congress is also a national party. Congress, NCP and Shiv Sena have an alliance in Maharashtra. There is an alliance in Delhi too. Our leaders had started (a conversation). We have started late. We have been crying early on. It is easier for a candidate if he knows (about alliance) early on, otherwise there is no scope to work in a constituency,” D’Souza also said.

Asked about the possibility of sealing the deal, D’Souza said: “I feel 100 per cent that there will be an alliance. An alliance should happen. If there is no alliance, secular votes will be split.

“We have given our list (of candidates). Let our leaders converse and finalise the list. Alliance should be finalised before the 25th Aof this month. We have given a list of 7 to 8 names.”

The NCP currently has one MLA in the outgoing assembly, while the Congress which had 17 MLAs in 2017 has been reduced to a legislative strength of four.

National News

Major Blow To Naxal Network In Maharashtra: 11 Top CPI (Maoist) Leaders With A Cumulative Bounty Of ₹82 Lakh Surrender

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Nagpur: In yet another success to the Maharashtra government’s campaign to end left-wing extremism, 11 CPI (Maoist) commanders and cadres carrying a cumulative bounty of ₹82 lakh surrendered before the Gadchiroli police on Wednesday morning in the presence of Director General of Police Rashmi Shukla.

The surrendered group includes several high-ranking leaders — Divisional Committee Members, Platoon Committee Members and Area Committee Members — marking one of the most significant mass surrenders in recent years. Security was tightened at the venue as four of the Maoists arrived armed and in full uniform.

Among those who surrendered were Ramesh alias Baju Lekami and Bhima alias Kiran Hidma Kowasi, both Divisional Committee Members of the banned outfit. Senior Platoon Committee members Poriya alias Lucky Adama Gota, Ratan alias Sanna Masu Oyam, and Kamala alias Rago Iriya Veladi also laid down arms. Others include Poriya alias Kumari Bhima Veladi, Ramji alias Mura Lachhu Pungati, Sonu Podiyam alias Ajay, Prakash alias Pandu Pungati, Sita alias Jaini Tonde Pallo, and Sainath Shankar Made.

Local officials believe the surrender has delivered a major blow to Maoist operations across the Dandakaranya region, spanning Chhattisgarh, Maharashtra and Telangana. The event was attended by Additional Director General (Special Actions) Dr Tshering Dorje, DIG Ankit Goyal, DIG (CRPF) Ajay Kumar Sharma and Superintendent of Police Neelotpal.

Wednesday’s surrender is being hailed as one of the biggest successes for Gadchiroli police since Bhupathi alias Mallojula Venugopal Rao, a Politburo member of the CPI (Maoist), surrendered before Chief Minister Devendra Fadnavis on October 15 along with 60 others.

“This is the beginning of the end of Naxalism in Gadchiroli. We are committed to the Union government’s deadline of March 31, 2026, to eliminate leftwing extremism from India,” DGP Rashmi Shukla said, adding that over 100 Maoists have surrendered in Gadchiroli district this year.

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Business

BSE launches 4 new BSE 100 large-cap TMC universe factor indices

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New Delhi, Dec 10: The Bombay Stock Exchange’s (BSE) subsidiary BSE Index Service on Wednesday announced the launch of four new factor Indices from the universe of BSE large-cap total market capitalisation (TMC) index with 5 per cent stock level capping.

The newly introduced indices are BSE large-cap 100 momentum 30, BSE large-cap 100 low volatility 30, BSE large-cap 100 enhanced value 30, and BSE large-cap 100 quality 30.

“BSE Index Services Pvt. Ltd., a wholly owned subsidiary of BSE, today announced the launch of 4 new BSE factor indices from the BSE 100 large cap TMC index as the universe with 5 per cent stock level capping,” the exchange said in a press release.

These Indices are Reconstituted Quarterly, have a base value of 1000, and the first value date is June 20, 2005, along with the additional screening for the liquidity profile, the release added.

BSE large-cap 100 Momentum 30 will track the performance of the 30 companies in the BSE 100 large-cap TMC that exhibit the most persistence in their relative performance, based on their momentum scores. Constituents are weighted based on their momentum score.

BSE large-cap 100 Low Volatility 30 will measure the performance of the 30 least volatile companies in the BSE 100 large-cap TMC. Constituents are weighted by their inverse volatility.

BSE large-cap 100 Enhanced Value 30 measures the performance of the 30 companies in the BSE 100 large-cap TMC with the most attractive valuations, based on their value scores. Constituents are weighted based on their value score.

BSE large-cap 100 Quality 30 measures the performance of the 30 companies in the BSE 100 large-cap TMC that exhibit the most persistence in their relative performance, based on their momentum scores. Constituents are weighted based on their momentum score.

“Building on the success of factor launches on the BSE 500 universe earlier in the year, we are pleased to expand our factor family with the launch of four new factor indices, this time on the large-cap universe,” BSE Index Services Pvt. Ltd MD & CEO Ashutosh Singh said.

“These indices, in the same vein as our BSE 500 universe factor family, will be reset on a quarterly basis with the introduction of an innovative score-based only weighting method,” he added.

The index said that these new indices can be used for running passive strategies such as ETFs and Index Funds.

It can also be used for benchmarking of PMS strategies, MF schemes and fund portfolios. Additionally, investors can now access a broader spectrum of market opportunities, further enriching their investment strategies with this latest addition to BSE’s suite of indices.

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Business

Installed renewable energy capacity in India reaches 250.64 GW: Govt

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New Delhi, Dec 10: The total installed renewable energy (RE) capacity in India reached 250.64 GW (as on October 31), with solar energy constituting a major chunk, the Parliament was informed on Wednesday.

The solar energy capacity increased from 2.82 GW in March 2014 to 129.92 GW, wind energy capacity increased from 21.04 GW in March 2014 to 53.60 GW, and biomass power capacity has increased from 8.18 GW in March 2014 to 11.61 GW within the given period, Minister of State for New and Renewable Energy, Shripad Yesso Naik, said in a written reply in Lok Sabha.

India is a key driver of this explosive global surge in renewable energy. In the last 11 years, the country’s solar capacity has grown from 2.8 GW to nearly 130 GW, a rise of more than 4,500 per cent. Between 2022 and 2024 alone, India contributed 46 GW to global solar additions, becoming the third-largest contributor.

The country recorded its highest-ever addition of non-fossil capacity in the current financial year at 31.25 GW, including 24.28 GW of solar.

According to reports, the share of India’s electricity generation from renewable energy (RE) capacity, including large hydro, is expected to cross 35 per cent by FY30 from 22.1 per cent in FY25, with expected incremental capacity addition of around 200 GW between FY25 and FY30.

This, in turn, also hinges on the extent of implementation of the ongoing project pipeline, where the projects are bid out and the PPAs are signed, the development of adequate transmission connectivity infrastructure as well as timely bidding for new RE projects, along with the power purchase agreements (PPAs) signing by Central nodal agencies, states the report by rating agency ICRA.

With global mechanisms now shaping industrial competitiveness, India’s shift towards renewable energy has become even more urgent and strategically important.

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