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<ul><li>Karnataka legislative assembly is set to undergo a floor test after the Supreme Court final verdict came out yesterday. </li><li>Ramalinga Reddy, one of the 13 Congress rebel MLAs’ has decided to take his resignation back and vote in favour of the party. </li><li>The 14 rebel MLAs’ in Mumbai are not showing signs of any melt down and have clearly said that there is no question of stepping back. </li></ul> Karnataka CM H D Kumaraswamy led Congress-JD(S) government got some relief as one of its 15 rebel MLAs has decided to take a U-turn and withdraw his resignation, <a href="https://www.news18.com/news/politics/breather-for-karnataka-govt-as-rebel-congress-mla-agrees-to-withdraw-resignation-vote-for-alliance-2235481.html">according to reports</a>. Congress MLA Ramalinga Reddy, has decided to vote in favour of the HDK government. “I will take part in the assembly session tomorrow and vote in favour of the party. I will continue to remain in the party and serve as MLA,” Reddy told PTI. The move has come hours before the Karnataka assembly is set for a trust vote. In the meanwhile, a Section 144 is imposed around Vidhan Soudha area, where assembly of more than four people is banned, ahead of the vote. Supreme Court in its ruling yesterday in the Karnataka political crisis case had said that the MLAs cannot be forced to take part in the trust vote. While all the rebel MLAs were residing in Mumbai, Reddy was the only one who stayed back in Bengaluru and there were speculations that he may have been approached by the Congress for taking his resignation back. Congress also did not include Reddy’s name in the list of MLAs for disqualification saying he was an ‘exception’. Reddy while giving his resignation on July 6 had said that he is only resigning from the assembly and will continue to be in the party. Now the faith of the Congress-JD(S) alliance government in Karnataka is completely dependent on the trust vote, as the rebel MLAs in Mumbai are showing no sign of melt down. If this continues the HDK government will be reduced to a minority with 102 members after Reddy’s return. The ruling government went into a crisis mode after 16 of its MLAs from both the parties of the coalition government resigned early this months. For the last two weeks, the political crisis in the state raged on, as Speaker of the Assembly refused to accept them, taking them to court. One of the rebel MLAs Roshan Baig was also detained at Bengaluru airport and questioned, as he was stopped from taking a chartered flight, yesterday. SEE ALSO: <a href="https://www.businessinsider.in/supreme-court-order-on-karnataka-political-crisis-latest-updates/articleshow/70255499.cms">Supreme Court order may have made it tough for Kumaraswamy government to stay in power in Karnataka</a> <a href="https://www.businessinsider.in/supreme-court-verdict-on-karnataka-crisis-between-congress-jds-and-bjp/articleshow/70247202.cms">The Supreme Court will give its order to end Karnataka’s political crisis tomorrow</a> <a href="https://www.businessinsider.in/karnataka-cm-kumaraswamy-puts-up-a-brave-front-but-rebel-mlas-lawyer-says-government-is-in-a-minority/articleshow/70240597.cms">Karnataka CM Kumaraswamy puts up a brave front, but rebel MLAs lawyer says government is in a minority</a>

Karnataka floor test promises to be interesting after a last minute U-turn by a rebel MLA

<keyword id="1841285" type="General" weightage="50" keywordseo="karnataka-education" source="Orion">Karnataka Education</keyword> Minister B.C. Nagesh on Friday announced that the results of <keyword id="63505" type="General" weightage="20" keywordseo="SSLC" source="Orion">SSLC</keyword> (Class 10) would be declared on May 19. About 8.73 lakh students in the state had taken up SSLC exams amid the hijab row crisis in the state. Muslim students, barring few, shunned hijab to appear in the crucial examinations. This was the first time after the Covid pandemic that the exams were conducted in the normal pattern. Section 144 CrPC was clamped in and around 3,444 examination centres across the state and tight security arrangements were made at all examination centres to avoid any showdown or untoward incidents. As many as 8,73,846 students - 4,52,732 boys and 4,21,110 girls students - were enrolled for the exams this academic year. Four students belonging to the third gender and 5,307 specially-abled children also took up exams. The state government had also set up helplines for the students. Chief Minister <keyword id="50892" type="General" weightage="80" keywordseo="basavaraj-bommai" source="Orion">Basavaraj Bommai</keyword> had made an appeal for the students to take up examinations without any fear. <keyword id="6355445" type="General" weightage="80" keywordseo="education" source="Orion">Education</keyword> Minister B.C. Nagesh had urged the SSLC students to shed their egos and take up examinations as per rules prescribed by the government of <keyword id="6354780" type="General" weightage="100" keywordseo="karnataka" source="Orion">Karnataka</keyword>. The SSLC (Class 10) examinations were held from March 28 to April 11. CCTV cameras were installed in all examination centres. Education department conducted separate exams for all subjects similar to the pre-Covid pattern. The students will have to obtain minimum passing marks this time. The government has made it clear that it won't pass the students just like as it did in the last two years against the backdrop of the Covid pandemic. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/wazirx-coindcx-and-coinswitch-kuber-delist-terras-stablecoins-from-their-platforms/articleshow/91537141.cms">WazirX, CoinDCX and CoinSwitch Kuber delist Terra's stablecoins from their platforms</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/indigo-flies-the-most-passengers-abroad-air-india-comes-next/slidelist/91537381.cms">Indigo flies the most passengers abroad — check out Air India, Spicejet’s share</a>

SSLC results to be announced in Karnataka on May 19

<ul><li>The Supreme Court directed the 10 rebellious Congress MLAs to speak to <keyword id="6354780" type="LOCATION" weightage="20" keywordseo="Karnataka">Karnataka</keyword> assembly speaker at 6 pm yesterday. </li><li>As many as 16 MLAs — including 6 from <keyword id="123462" type="COMPANY" weightage="20" keywordseo="Janata-Dal">Janata Dal</keyword> (JD) — had offered resignation to the speaker who didn't accept the resignations. </li><li>The MLAs accused assembly speaker Ramesh Kumar for not accepting their resignation.</li></ul>Karnataka Chief Minister H D Kumaraswamy said that he is ready for a trust vote in Assembly, as the crisis over his government deepens. As many as 10 MLAs from the Congress resigned from the government on July 1 which weakened the Congress and Janata Dal (S) coalition government. The MLAs had stayed holed up in <keyword id="6358070" type="LOCATION" weightage="20" keywordseo="mumbai">Mumbai</keyword> for days since the mass resignations as the crisis to Mumbai. A few silver lines of resolution came on Thursday after the Supreme Court directed the dissenting MLAs to appear before the Assembly on Thursday evening. The Apex court had also asked the Karnataka Police to provide protection to the MLAs — Pratap Gouda Patil, Ramesh Jarkhiholi, Byrati Basavaraj, BC Patil, ST Somashekar, Arbail Sivaram Hebbar, Mahesh Kumathalli, K Gopalaiah, HD Vishwanath and Narayan Gowda. The All India Congress Committee (AICC) had also registered a complaint against the rebel MLAs for not abiding by the party rules and staying illegally at a hotel in Mumbai. The situation also heated up when Congress party leaders like Milind Deora and Shikumar were stopped from entering the hotel premises. Later, a Section 144 which bans the assembly of more than four people, was also imposed on Wednesday in Powai area where the rebel MPs were staying. The MLAs had accused that the Speaker Ramesh Kumar was not accepting their resignations, even when they were in accordance with the Indian constitution. As many as 16 MLAs — including 6 from <a href="https://timesofindia.indiatimes.com/india/karnataka-crisis-sc-asks-rebel-mlas-to-appear-before-speaker-at-6pm/articleshow/70169817.cms">Janata Dal (JD)</a> — too had tendered resignations. This comes after the resignation by Congress MLA R Roshan Baig, who resigned on June 10. "I don't understand what is the urgency for BJP. There have been instances where such impasses have taken months to be resolved. Whatever the pressure, I am not going to move an inch away from the law and procedure," Speaker K R Ramesh Kumar told <a href="https://www.thehindu.com/news/national/karnataka/karnataka-political-crisis-live-updates-july-11-2019/article28396367.ece">The Hindu</a>. “We are now 15 MLAs who want to resign but there is no formal acceptance by Speaker. Idea is not to defect, but resign so that we can go back to public and contest,” said Mukul Rohatagi, former Attorney General appealed to the bench on behalf of the resigned MLAs to a Supreme Court bench which includes Chief Justice <keyword id="245445" type="PERSON" weightage="20" keywordseo="Ranjan-Gogoi">Ranjan Gogoi</keyword>.

Karnataka Chief Minister H D Kumaraswamy braces for a trust vote, as crisis deepens

<ul><li>At 7:45 am, the SGX Nifty was trading 0.42% lower, indicating a subdued start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to open on a weak note on Friday, led by negative cues from the Asian markets. At 7:45 am, the SGX Nifty was trading 0.42% lower, indicating a negative start for Nifty50. Other Asian peers were trading in the negative territory as well — the SSE Composite Index was down 0.40%, and the Hang Seng Index was down 1.56%. These are the stocks to watch out for during the trading session today: RIL The National Company Law Tribunal (NCLT) has approved a resolution plan for Reliance Infratel submitted by a group entity of Reliance Industries, according to a regulatory filing. Maruti Suzuki India Maruti Suzuki India said its total production in November increased by 5.91% to 1,50,221 units. NMDC The state-owned NMDC said that the long-pending issue of Donimalai iron ore mine in Karnataka had been resolved. The central government has reached an agreement with the Karnataka state government and the Ministry of Steel to extend Donimalai Iron ore lease. Eicher Motors Eicher Motors Volvo Eicher Commercial Vehicles has begun production at its new truck plant in Bhopal. State Bank of India A report by PTI indicates that the CBI, on Friday, carried out searches at three locations in Delhi after booking Jay Polychem (India) in an alleged ₹1,800-crore bank fraud in a consortium led by State Bank of India. ONGC ONGC Videsh, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has made a “significant” oil discovery in an onshore block in Colombia. OVL is the operator in the block with 70% stake and an independent oil and gas company focussed in Latin America, Geopark, has the remaining 30% interest. Likhitha Infrastructure Likhitha Infrastructure bagged order of ₹112.88 crores from IHB — a JV company of IOC, HPCL and BPCL for laying a pipeline in Gujarat. APL Apollo Tubes APL Apollo Tubes has set December 16 as the record date for shares split. The company earlier approved splitting each stock of face value ₹10 each into 5 equity shares of the face value of ₹2 each. Tata Consumer Products The step-down subsidiary of Tata Consumer Products, Earth Rules, Australia has entered into an asset sale and purchase agreement for the sale of its MAP Coffee Business to Buccheri Group. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/oxford-covid-19-vaccine-serum-institute-seeks-emergency-use-nod-for-covishield-vaccine-in-india/articleshow/79600349.cms" data-type="tilCustomLink">Oxford COVID-19 vaccine: Serum Institute seeks emergency use nod for Covishield vaccine in India</a> <a href="https://www.businessinsider.in/india/news/section-144-extended-across-noida-and-greater-noida-till-january-2/articleshow/79600323.cms" data-type="tilCustomLink">Section 144 extended across Noida and Greater Noida till January 2</a>

Top stocks to watch — RIL, Maruti Suzuki, NMDC, SBI, ONGC, Eicher Motors, Likhitha Infrastructure, Tata Consumer, and others

<ul><li>The 30-share BSE index was trading 150.78 points higher at 45,230 points, and the Nifty50 also rose 48.35 points at 13,306.90. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian equity benchmark Sensex jumped over 150 points and Nifty crossed the 13,300 level to hit their fresh lifetime peaks in early trade on Monday, tracking gains in index majors ICICI Bank, ITC and HUL amid persistent foreign fund inflow. After touching a record intraday high of 45,245, the 30-share BSE index was trading 150.78 points higher at 45,230 points. The Nifty50 also rose 48.35 points at 13,306.90. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Ports </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Mahindra Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr Reddy </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero Moto Corp </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sun Pharma </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nestle India </td></tr></tbody></table>*as of December 7, 10:30 am These are the top stocks in news today. ONGC trades 5% higher The shares of ONGC gained over 5% after its overseas investment arm ONGC Videsh has made a “significant” oil discovery in an onshore block in Colombia. NMDC gains over 3% The shares of state-owned NMDC gained over 3% after the long-pending issue of Donimalai iron ore mine in Karnataka was resolved. The central government has reached an agreement with the Karnataka state government and the Ministry of Steel to extend Donimalai Iron ore lease. APL Apollo Tubes up over 4% The shares of Apl Apollo Tubes rose over 4% after the company set December 16 as the record date for share split. The company earlier approved splitting each stock of face value ₹10 each into 5 equity shares of the face value of ₹2 each. Pfizer rises over 2% The shares of Pfizer soared nearly 3% after the company became the <a href="https://www.businessinsider.in/science/health/news/pfizer-seeks-emergency-use-authorisation-for-its-covid-19-vaccine-in-india/articleshow/79600551.cms">first pharmaceutical firm</a> to seek from the Drugs Controller General of India (DCGI) an emergency-use authorisation for its Covid-19 vaccine in the country after its parent secured such clearance in the UK and Bahrain. SpiceJet, IndiGo and IRCTC rally with other hospitality stocks SpiceJet, IndiGo and IRCTC shares rallied with other hospitality stocks with the hopes of a COVID vaccine nearing reality. SpiceJet gained over 4%, IndiGo was up 2%, and IRCTC rallied nearly 8%. Tata Chemicals gains over 7% Tata Chemicals stock rallied over 7% after the stock had surged16% in the past two days after Tata Sons bought an additional 2.57 million shares of the company for ₹121 crore via the open market. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/oxford-covid-19-vaccine-serum-institute-seeks-emergency-use-nod-for-covishield-vaccine-in-india/articleshow/79600349.cms" data-type="tilCustomLink">Oxford COVID-19 vaccine: Serum Institute seeks emergency use nod for Covishield vaccine in India</a> <a href="https://www.businessinsider.in/india/news/section-144-extended-across-noida-and-greater-noida-till-january-2/articleshow/79600323.cms" data-type="tilCustomLink">Section 144 extended across Noida and Greater Noida till January 2</a>

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Karnataka floor test promises to be interesting after a last minute U-turn by a rebel MLA

BI India Bureau

SSLC results to be announced in Karnataka on May 19

IANS

Karnataka Chief Minister H D Kumaraswamy braces for a trust vote, as crisis deepens

BI India Bureau

Top stocks to watch — RIL, Maruti Suzuki, NMDC, SBI, ONGC, Eicher Motors, Likhitha Infrastructure, Tata Consumer, and others

Navdeep Yadav

Top stock movers — ONGC, HDFC Bank, NMDC, Pfizer, SpiceJet, IndiGo, IRCTC, Tata Chemicals, and others

Navdeep Yadav

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