Breaking News HIGHLIGHTS: Bihar Municipal Polls To Be Held On Dec 18, 20
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Supreme Court To Hear Maharashtra, Karnataka Border Dispute Today
The Supreme Court is likely to hear Maharashtra's petition on a festering territorial dispute with Karnataka on Wednesday. The border dispute dates back to the 1960s after the reorganisation of states on linguistic lines.
The border dispute pertains to Maharashtra's claim to Belagavi, which was part of the erstwhile Bombay Presidency as it has a sizeable Marathi-speaking population. It also laid claim to 80 Marathi-speaking villages which are currently part of Karnataka.
The row made headlines again after Karnataka Chief Minister Basavaraj Bommai indirectly laid a claim to some areas of Maharashtra. Bommai had last week said some villages in Sangli district had passed resolutions to merge with Karnataka because they are facing a severe water crisis that's not been addressed.
Alibaba To Sell $200 Million Worth Of Shares In Zomato
Chinese e-commerce giant Alibaba Group Holding Ltd is planning to sell 3 per cent stake in Zomato Ltd via a block deal, reported CNBC Awaaz. The report said that the $200 million block deal is likely to happen on November 30. The floor price is fixed at Rs 60 per share which is a 5.59 percent discount from the current market price.
Ant Group, an affiliate company of the Chinese conglomerate Alibaba Group currently owns 13.3 per cent shares in the Indian food delivery firm, according to the news agency Reuters. It had previously reported that Uber Technologies had sold its 7.8 per cent stake in Zomato for $392 million via a block trade.
This development comes as Zomato has suffered in the public market amid a meltdown of tech stocks this year. The company’s stock price has fallen by more than 50 per cent from its peak of Rs 162 on the BSE. The growth of the company’s food delivery business has also slowed.
Breaking News LIVE: Bihar Municipal Polls To Be Held On Dec 18, 20
The State Election Commission in Bihar on Wednesday announced December 18 and 20 as the new dates for municipal polls, which were initially to be held in October, but got postponed following a Patna High Court order, reported PTI.
Breaking News LIVE: ISIS Group Leader Abu Hasan Al-Hashimi Al-Qurashi Killed In Battle, Replacement Announced
#BREAKING Islamic State group leader Abu Hasan al-Hashimi al-Qurashi killed in battle, replacement announced: spokesman pic.twitter.com/qRbMnJhzA5
— AFP News Agency (@AFP) November 30, 2022
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