Wealth of Chandrababu Naidu’s wife increased by over 535 crores after Lok Sabha election results
Hyderabad: Shares of Heritage Foods, a company founded by Telugu Desam Party (TDP) leader Chandrababu Naidu, have surged dramatically following the party's strong showing in both the Lok Sabha and Andhra Pradesh assembly elections. Over the past five days, the company's shares have skyrocketed by 55%, resulting in a financial gain for Nara Bhuvaneshwari, Chandrababu Naidu's wife and a major promoter of the company.
On June 3, just hours before the election results were announced, Heritage Foods shares were trading at ₹424. As of today, the share price has reached ₹661.25. This remarkable rise has increased Nara Bhuvaneshwari's wealth by ₹579 crore. Bhuvaneshwari is the top shareholder of Heritage Foods, holding 2,26,11,525 stocks according to data from the Bombay Stock Exchange (BSE).
Chandrababu Naidu founded Heritage Foods in 1992. The company, which has a presence in various Indian states, operates in two main business divisions: dairy and renewable energy. Heritage Foods is described on its website as "one of the fastest growing public-listed companies in India," with products available in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand, and Uttar Pradesh.
Nara Lokesh, Naidu's son, also benefits from the stock surge. Lokesh holds 1,00,37,453 shares of Heritage Foods, and his net worth has increased by ₹237.8 crore as a result of the recent rise in share prices.
The surge in Heritage Foods' stock price began shortly after the Lok Sabha election results started coming in on June 4. The TDP won 16 out of the 17 seats it contested, playing a crucial role in the National Democratic Alliance (NDA) securing a victory in the elections. The NDA won 293 seats in the 543-member Lok Sabha, with the BJP, which previously held a majority, securing only 240 seats, falling short of the 272 needed to form a government independently.
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AIITA welcomes Karnataka’s ban on obscene songs in school events
Bhatkal: The Karnataka unit of the All India Ideal Teachers Association (AIITA) has welcomed the Karnataka government’s decision to strictly ban school children from dancing to obscene songs during educational and cultural programmes in government, aided, and private schools across the state.
AIITA Karnataka State President M. R. Manvi congratulated the government for taking what he termed an important step to preserve the sanctity of education.
“Such decisions to safeguard the dignity of school children and uphold the values of education are the need of the hour. This rule should not be limited to government schools alone but must be strictly implemented in all private educational institutions as well,” he said.
He further urged the government to address other concerns within school programmes.
“The government should not only prohibit obscene dances in the name of school anniversaries, but also ensure that plays and dialogues that incite religious hatred are avoided. Schools should be centres of harmony, not platforms for spreading hatred,” he added.
According to a recent circular issued by the Department of School Education and Literacy, obscene dances are adversely affecting the mental health and moral values of students.
In this regard, schools have been advised to use songs that promote nationalism, positive thinking, the greatness of Kannada culture, and value-based traditions instead of inappropriate content during programmes.
The circular also emphasises that students should be dressed in decent attire.
AIITA also backed the department’s warning that disciplinary action would be taken against head teachers if such guidelines are violated. The association has further demanded that district Deputy Directors of Public Instruction strictly monitor the implementation of these rules.
