India Financial News

India's Lok Sabha Election results for 2024, Pakistani-American singer Ali Sethi unexpectedly found himself in the spotlight, not for his musical talents but for a strikingly similar lookalike spotted on an Indian news channel. Sethi, known for his soulful voice and musical compositions, took to Instagram to share a snapshot from the broadcast featuring his doppelganger.

Anupam Mittal, the CEO of Shaadi.com and a judge on Shark Tank, along with Ashneer Grover, former MD and co-founder of BharatPe, have shared their insights on the outcome of the 2024 Lok Sabha elections.

JDS state president HD Kumaraswamy and Pradesh Congress Committee (PCC) president DK Shivakumar had been locked in an intense battle over the past 18 months to prove their popularity in the Vokkaliga heartland of Old Mysuru region. This only intensified after the Congress won in the assembly polls last year, leaving the regional party deeply wounded.

Nifty ended Wednesday with gains of 735.85 points or 3.36% and settled at 22,620.35 led by strong buying activity across sectors but more prominently in banks and autos. The 50-stock index ended above the downside channel support of 22,200. Analyst Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said call writers (bears) are exiting with additional PUT writers at all strikes from 21,500 until 22,200, which led to the sharp recovery in Nifty on Wednesday.

net zero carbon emission facility, the Noida International Airport will have an eight-acre forest, 133 hectares of dedicated green area with the under-development site already seeing transplantation of 580 trees, including pipal and banyan. The greenfield airport — billed to be India's largest upon completion — is coming up in the Jewar area of Gautam Buddh Nagar district in western Uttar Pradesh.

Bihar Chief Minister Nitish Kumar, RJD leader Tejashwi Yadav said on Wednesday that both of them greeted each other and Nitish called him to sit with him.

Johnny and Haechan, two members of the K-pop boy group NCT, have been embroiled in a scandal of epic proportions. An X account called @kira_ceo_main claimed that the two idols got up, close and personal involved with three Japanese fans. The photos soon went viral on social media.

Real estate has long been a cornerstone of wealth accumulation for high-net-worth individuals (HNIs) and institutional investors. Historically, these groups had the capital and resources to invest in entire properties, reaping substantial returns and providing steady income streams.

—Name withheld on request.It is always better to evaluate the corpus required for your financial goals as it can help you to invest in a planned manner, something similar to what you did to accumulate ₹50 lakh for your daughter’s education.One of the best ways to work on your retirement corpus is to look at your current expenses and add inflation to them. If we assume today that you are retiring, and to maintain your lifestyle, you and your spouse will need ₹75,000 every month, then after 10 years with an annual inflation rate of 6%, you will need ₹1.35 lakh at retirement to take care of the same expenses.Inflation will continue even after your retirement, and to evaluate the corpus, we will also need to add the post-retirement years.

Acha, dekhten hai, Rashtrapati Bhavan ko bataya? Acha theek hai dekhten hai [We will see, did he tell this to President, okay we'll see]," Tharoor said while speaking with news agency ANI on Wednesday. Several reports claimed on Wednesday that Prime Minister Narendra Modi may take oath for a third time on Saturday, June 8.Tharoor's statement came a day after the Election Commission declared the Lok Sabha Elections 2024 results.

reforms under a coalition government owing to increased reliance on allies this time compared to the single-party majority seen in the previous two terms. As such, the broad policy direction may not materially change, but a potential tug-of-a-war between driving consumption and capital expenditure (capex) could keep equity investors on tenterhooks. Kotak Institutional Equities expects the new government to continue with its investment-led economic agenda, but it may tweak its priorities to support consumption and employment.

Lok Sabha Election results 2024: What does lack of BJP majority mean for market, economy? Foreign brokerages weigh inThe wild swing in the market was mirrored by the volatility index, India VIX, which plunged 15 per cent on Monday, surged 28 per cent on Tuesday, and then fell 29 per cent on Wednesday.While government policies can shape economic outlook and market dynamics for the long term, historical trends show election outcomes are short-term triggers for the market. Experts believe there may be some shift on the policy front after the new government is formed, but they do not see a material impact on India's macroeconomic landscape.Also Read: A weaker mandate for NDA may trigger a shift in policies, but the macro backdrop may not change materially: Emkay GlobalWhile no major impact on the macro parameters is expected, the market is expected to closely observe government policies and the Union Budget in the near term.Rahul Singh, CIO - Equities at Tata Asset Management, believes the election result may lead to a more balanced market."Risk-reward in large caps and underperforming sectors like banking and consumer appears more favourable.

ICICI Securities has upgraded hospitality company Indian Hotels from ‘hold’ to ‘buy’. The firm sees an upside potential of 21%, setting the target price at ₹640 per share.“With the stock price correcting ~10% in the last three months, we upgrade IHCL to BUY, from Hold, with a revised TP of INR 640 (earlier INR617), rolling forward to 26x Jun’26E EV/EBITDA," the firm said in a note.Indian Hotels stock rose as much as 7.49 per cent on Wednesday's trading session.

RVNL Share Price Today: Shares of Rail Vikas Nigam Ltd (RVNL) rallied six per cent during intra day on Wednesday, June 5 after securing back-to-back orders. RVNL has given multi-bagger returns to investors over the last one-to-three-year periods.

ALSO READ: 'PM Modi defeated because...': How 1% drop in vote share put BJP below majorityThe INDIA bloc leaders will meet at Congress president Mallikarjun Kharge's residence on Wednesday evening to deliberate on the Lok Sabha poll results, decide on the strategy to form the government, and consider reaching out to former allies Nitish Kumar and Chandrababu Naidu.ALSO READ: Lok Sabha election 2024 results: Did Narendra Modi's Muslim pitch backfire?The TDP and JD(U) have already dismissed suggestions of defecting to the opposition alliance.Opposition leaders, including NCP-SP’s Sharad Pawar, DMK’s MK Stalin, JMM’s Champai Soren, TMC’s Abhishek Banerjee, Samajwadi Party’s Akhilesh Yadav, RJD’s Tejashwi Yadav, CPM’s Sitaram Yechury, and CPI’s D Raja are likely to attend the meeting, along with Congress leaders Sonia Gandhi and Rahul Gandhi.

Why is Indian stock market rising after TDP leader Chandrababu Naidu's statement?Comments from top brokerage firms that the election outcome was a short-term trigger for the market and had no material impact on long-term growth prospects also appeared to boost market sentiment.

Nitish Kumar came to the national capital in the same flight from Patna airport. Since the Lok Sabha election results were out, both the BJP-led NDA and the Opposition INDIA bloc are strategising their next steps to form a new government at the Centre.Prime Minister Narendra Modi secured a third term, but the BJP need the support of other parties in his coalition, primarily JDU chief Nitish Kumar and TDP chief Chandrababu Naidu.Nitish Kumar who has a history of changing sides at key moments, might play a crucial role. Memes of 'palat' also emerged on X.

India vs Ireland T20 World Cup 2024: Team India is starting their T20 World Cup 2024 campaign on Wednesday, June 5, with their first match against Ireland. The match will be played at the Nassau County International Cricket Stadium in New York, and its sluggish pitch is already up for criticism. However, more than the pitch, the Indian fans are worried about the weather in New York as there are chances of rain during the India vs Ireland match hours.

India 5th June 2024: Parul University, recognized for its commitment to educational excellence, is proud to announce the launch of its Online Master of Computer Applications (MCA) program along with other specialized online courses. These programs are carefully designed to equip students with critical skills in high-demand areas of computing and technology, ensuring alignment with industry needs and future career opportunities.According to Dr. Devanshu Patel, President of Parul University, "Our online programs are a testament to our unwavering commitment to making exceptional education accessible. By merging a forward-thinking curriculum with superior learning resources, we prepare students to thrive and lead in the competitive landscapes of their respective industries."The Online MCA program offers a robust curriculum covering key areas such as software development, database management, cybersecurity, artificial intelligence, and mobile application development.

Telugu Desam Party (TDP) and Janata Dal (United) [JD(U)], crucial to NDA's third successive central government, are pressuring for the Lok Sabha Speaker post. Both TDP and JD(U) conveyed to BJP top leadership that the role should go to alliance partners, recalling TDP's GMC Balayogi's tenure as Speaker during Atal Bihari Vajpayee's coalition government in the late 1990s.

prime minister chaired a meeting of the Union Cabinet, which recommended the dissolution of the 17th Lok Sabha, whose term ends on 16 June.According to people familiar with the development, the Cabinet meeting also took stock of the Lok Sabha election results and discussed likely government formation.As per election results on Tuesday, the Bharatiya Janata Party (BJP) saw its seat count dip to 240—a loss of 63 seats from the 303 it won five years earlier. While the ruling party is far from a simple majority of 272 seats in the 543-member Lok Sabha, the BJP-led National Democratic Alliance (NDA) has crossed the halfway mark with 293 seats, securing a clear third term.The opposition INDIA alliance managed 233 seats, led by the Indian National Congress, which nearly doubled its Parliament strength to 99 seats.In the 2019 election, the NDA had won 353 seats, while the main opposition, the Congress party-led United Progressive Alliance, had secured a modest 91 seats.Rating agency Moody's on Wednesday said the victory of the NDA in the recently concluded Indian general election would result in policy continuity.