Raveendranath, the party's Lok Sabha member from Theni constituency and Jeyapradeep, both sons of Panneerselvam and a former Minister, Vellamandi N Natarajan were expelled.

'The BJP plans to win 10 (Lok Sabha) seats (in Tamil Nadu) and the alliance (with the AIADMK) 20 seats in 2024.'

All India Anna Dravida Munnetra Kazhagam (AIADMK) interim general secretary Edappadi K Palaniswami (EPS) and ousted party leader O Panneerselvam on Tuesday moved the Madras high court against the sealing of the party headquarters by the Tamil Nadu government following violence there on July 11.

There is nothing to suggest that the DMK stands to gain from the AIADMK split nor is there anything indicative of an extraordinary advantage for the BJP, independently or in the company of the AIADMK, explains N Sathiya Moorthy.

'OPS is the first person in history to ransack his own party office.'

Tamil Nadu's obsession for honorifics appears to be a never-ending story. The latest is the "Ezhuchi Nayagan" (rising leader) title for All India Anna Dravida Munnetra Kazhagam's new interim general secretary K Palaniswami, proposed by the party's presidium chairman Tamil Magan Hussain in Chennai on Monday.

At the same time VK Sasikala, confidante of late party matriarch J Jayalalithaa is staking claim to the late leader's legacy.

A total of 16 resolutions were passed in the crucial All India Dravida Munnetra Kazhagam general council meeting held in Chennai on Monday in which Edappadi K Palaniswami was appointed as the party's interim general secretary and O Paneerselvam was expelled for "anti-party" activities.

The All India Anna Dravida Munnetra Kazhagam headquarters in Chennai was sealed by authorities on Monday following violence and vandalism between supporters of rival leaders Edappady K Palaniswami (EPS) and O Panneerselvam (OPS) in and around the party office.

The All India Anna Dravida Munnetra Kazhagam general council meeting on Monday revived the general secretary post, and picked Edappadi K Palaniswami as the interim GS.

Even as the All India Anna Dravida Munnetra Kazhagam's general council meeting got underway in Chennai on Monday morning, endorsing Edappadi K Palaniswami as the interim general secretary, the rival O Panneerselvam faction staged a well-planned coup at the party headquarters in Royapettah, central Chennai.

Soon after the HC greenflag on Monday, the AIADMK Executive Council meet went underway at a wedding hall, while the General Council set to follow.

Justice Krishnan Ramaswamy delivered the verdict on Monday morning, which allowed the EPS faction to hold the GC meet, the supreme decision making body of the main opposition party in Tamil Nadu.

A division bench of the Madras high court on Thursday dismissed a contempt application seeking to punish former Chief Minister and All India Anna Dravida Munnetra Kazhagam leader Edappadi K Palaniswami and his supporters for alleged non-implementation of its earlier orders.

'One quiver cannot have two different kinds of arrows.' 'The party cannot progress with two leaders.'

The Supreme Court on Monday said that it would hear on July 6 a plea filed by former Tamil Nadu Chief Minister Edappadi K Palaniswami challenging the Madras high court order staying the passing of any unannounced resolutions in the meeting of the All India Anna Dravida Munnetra Kazhagam general and executive councils concerning the issue of single leadership of the party.

Despite a healthy March-May quarter (Q3FY22) show by global IT consulting firm Accenture, Indian IT companies shed up to 3 per cent on the National Stock Exchange (NSE) on Friday as analysts continued to highlight medium-term pain points for the sector. The Nifty IT index settled 0.9 per cent lower on Friday, as against a 0.9 per cent rise in the Nifty50 index. According to analysts at ICICI Securities, Accenture's Q3 saw moderation in year-on-year growth rate across verticals and US regions, which signals at likely normalisation in revenue momentum for Indian IT services going forward.

The power struggle in Tamil Nadu's main opposition party, the All India Anna Dravida Munnetra Kazhagam, appears set to go on for a long time with sidelined leader O Panneerselvam (OPS) approaching the Election Commission and the influential Edappadi K Palaniswami camp refusing to budge.

The All India Anna Dravida Munnetra Kazhagam's dominant Edappadi K Palaniswami (EPS) camp on Monday slammed rival leader O Panneerselvam (OPS) as a symbol of 'betrayal' and said the upcoming general council meet shall decide whether OPS would continue as party treasurer or not.

EPS' real test will commence with a decision whether or not to patch up with OPS and on what terms -- and then, to decide whether or not to have the BJP for an electoral ally, come 2024, observes N Sathiya Moorthy.

The All India Anna Dravida Munnetra Kazhagam's dominant Edappadi K Palaniswami (EPS) faction on Friday asserted that the system of dual leadership that vested powers on coordinator O Panneerselvam (OPS) and joint coordinator EPS ceased to be in force, a day after the general council stood firm on the single leadership demand.

Amid chaos, the All India Anna Dravida Munnetra Kazhagam general council meeting in Chennai on Thursday rejected all the 23 proposed resolutions and announced that the one and only demand of the GC members is to bring in a system of a single leadership for the party, favouring joint coordinator Edappadi K Palaniswami (EPS).

BofA Securities has revised its year-end Nifty target from its earlier projection of 16,000 to 14,500 now - down over 6 per cent from the current levels. Fast tightening monetary conditions, slowing growth/fears of US recession and the likely Nifty EPS (earnings per share) cuts, BofA Securities said, are the key headwinds for the markets in the near-term. However, clarity on macro and monetary policy outlook in the US/India, it said, is the silver lining that could see markets bottom out by August/September 2022.

The Madras high court on Thursday ruled that no unannounced resolutions could be taken up at the meeting of the All India Anna Dravida Munnetra Kazhagam general and executive councils in Chennai, restraining the camp led by joint co-ordinator Edappadi K Palaniswami (EPS) from initiating any such move over the possible single leadership issue.

All India Anna Dravida Munnetra Kazhagam coordinator O Panneerselvam on Wednesday appeared to have resigned himself to the fact that the odds are stacked against him and his followers, ahead of the June 23 party meeting which is expected to take up the sole leadership question.

Panneerselvam, writing to Palaniswami said AIADMK workers have been incensed since opinions were expressed over single and dual leadership at a party meet on June 14.

While followers of both Palaniswami (EPS) and Panneerselvam (OPS) were engaged in backroom negotiations to mobilise the support of party functionaries for their respective leaders, parleys continued as well to resolve the bickering well ahead of the June 23 General Council meeting.

'Sometimes we use political pressure and sometimes political acumen to get what we want.'

After a sharp correction over the last few months, analysts seem to be turning cautiously optimistic on the information technology (IT) sector and suggest there could be trading opportunities in select counters despite revenue and growth concerns that still plague the sector. "IT stocks valuations have corrected 17 per cent-49 per cent and stock prices have corrected 9 - 42 per cent since mid-December 2021. Nifty IT index valuation has corrected by 27 per cent and price by 21 per cent. "About two quarters ago, we made a case that valuation drivers have peaked.

The Hindutva social media continues to present the DMK especially as anti-god, anti-Hindu and anti-Brahmin. The strategy did not work in the past, it has not worked in the present, and would not work in the future, as a massive vote-getter, asserts N Sathiya Moorthy.

'Periods of high volatility are usually bad for mid-caps and this is something that has to be kept in mind.' 'Focus on quality is of paramount importance.'

'Favourable product mix, sales recovery, and cost saving initiatives are expected to support margins going ahead while focus on debt reduction (target of debt free by FY24) will aid balance sheet strength'

While Aditi will be showcasing her acting in The Archies, she has also contributed music scores to the series.

The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.

IT company Wipro on Friday posted a 4 per cent rise in consolidated profit at Rs 3,092.5 crore in the fourth quarter ended March 2022. The company had registered a profit of Rs 2,974.1 crore in the same period a year ago. "We have had an outstanding year, finishing with USD 10.4 billion in revenues, and an industry-leading growth of 27 per cent Year-on-Year (Y-o-Y).

But there would be greater safety in the larger ones.

O Panneerselvam should not be surprised if the current controversy that he has kicked off is used to rid him of the party coordinator's post, points out N Sathiya Moorthy.

Operating margins for some companies dipped in Q3, 2021-22 but this sector could be nearing the bottom of the cycle in terms of profits.

In a disciplinary action, three other functionaries, also belonging to Theni party district like Raja were dismissed.

With the Tamil Nadu electorate having given him an unprecedented mandate that had eluded his father the late M Karunanidhi, Stalin has to prove his worth, ensuring at the same time that the Dravidian drag on the AIADMK's side does not open up space for the BJP to make inroads in the state, says N Sathiya Moorthy.