India Financial News
04.06 / 19:57
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Lok Sabha poll result: INDIA bloc seeks PM Modi's resignation
BJP a simple majority, the INDIA bloc members demanded that Prime Minister Narendra Modi resign on moral grounds after his party failed to retain majority without allies. They said the poll result “is also a popular rejection of the politics of vendetta” by the BJP-led government.
04.06 / 19:57
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Rohit & Co start T20 World Cup campaign against Ireland in renewed quest for glory
superstar Indian cricketers would look to break away from their archaic template when they take on a plucky Ireland in their opening game of the T20 World Cup on Wednesday. India are a bit undercooked with a lot of confusion still persisting about what could be the best combination on a drop-in virgin strip. As is clear from the games so far, scoring won’t be a walk in the park like it was during the IPL the last couple of months.
04.06 / 19:57
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Election Result 2024: US is okay, even with a Modi lite 3.0
Biden is fine with Modi 3.0, even in its diminished capacity. The India-US partnership has grown substantially, serious problems have been tackled with finesse, and the future shows new possibilities. Continuity trumps change in this case, especially with concerns in Washington of a possible lurch far to the right now considerably dampened with a coalition NDA government in New Delhi.
04.06 / 19:57
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Huge strides made, but still long way to go
growth rate for the coming decades and increasing percapita income.
04.06 / 18:59
04.06 / 18:59
04.06 / 18:59
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Election
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stars
Priyanka Gandhi: The X factor in INDIA bloc's Uttar Pradesh upset
Uttar Pradesh has emerged as a gripping political thriller on the day of the Lok Sabha election results in 2024. Rahul Gandhi and Akhilesh Yadav, the 'UP ke ladke', posed a formidable challenge to the Bharatiya Janata Party (BJP), with the INDIA bloc cutting into BJP's seat share. However, the true victor of Uttar Pradesh in this election is a leader whose efforts have finally borne fruit.
04.06 / 18:59
security
Election
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Over 90 per cent candidates in Delhi lose security deposits
candidates on Delhi's seven seats have lost their security deposits in the Lok Sabha elections, according to the Election Commission. In Chandani Chowk 23, New Delhi 15, South Delhi 20, East Delhi 18, West Delhi 22, North East Delhi 26 and North West Delhi 24 candidates forfeited their deposit.
04.06 / 18:55
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Modi claims victory in Indian election, vows to continue with his agenda despite drop in support
world’s largest democratic exercise. In the face of the surprising drop in the BJP's support, the opposition claimed they had also won a victory of sorts, with the main opposition Congress party saying the election had been a “moral and political loss" for Modi. “This is public’s victory and a win for democracy," Congress party President Mallikarjun Kharge told reporters.
04.06 / 18:55
markets
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Nestle
pandemic
When mkt crashes, defensives like HUL, Nestle, Hero stand tall
Britannia Industries Ltd, Hero Motocorp Ltd, and Tata Consumer Products Ltd not just stayed afloat but settled about 2-6% higher.This is in contrast to Shriram Finance Ltd, Power Grid, Larsen & Toubro, BPCL, Adani Enterprises and Adani Ports Special Economic Zone stocks that crashed 10-21%. What spooked investors was a negative surprise in India’s general elections results, with the ruling NDA set to return albeit with a less than expected majority.
04.06 / 18:55
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INDIA shining: How the alliance’s satraps beat the BJP on their home turf
Trinamool Congress fought each other, Mamata Banerjee’s party increased its seat count by seven to 29 (including leads). In Tamil Nadu, the alliance was leading in all the 39 seats (including leads) with the DMK at the forefront again. While the political chaos in Maharashtra meant the elections would be unpredictable, it is Uttar Pradesh, at the heart of the BJP’s big Ram Mandir pitch, that has thrown up the biggest surprise.
04.06 / 17:53
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INDIA heat wilts lotus, coalition saves the day
NEW DELHI , CHENNAI : New Delhi: Mandate 2024 marked the return of coalition politics to India after a decade of absolute majority, requiring respect for the wishes of smaller allies and raising the prospect of slower economic reforms. Prime Minister Narendra Modi-led Bharatiya Janata Party (BJP) saw its seat count dip to 240 as per trends late evening—a loss of 63 seats from the 303 it won five years earlier. While BJP is far from a simple majority of 272 seats in the 543-member Lok Sabha, the National Democratic Alliance (NDA) it leads is set to cross the half-way mark.
04.06 / 17:53
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queer
2020
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Slender win for NDA queers pitch for street, investors lose ₹31 trillion
₹31 trillion on Tuesday, as the national vote count belied predictions of punters, pollsters and politicians. The Nifty and Sensex plunged the most in four years as it became clear that the Narendra Modi-led Bharatiya Janata Party (BJP) will fall short of the 272 seats required to form a government on its own. While the BJP-led NDA secured a comfortable majority, the numbers were far below Modi's call for 400 seats, and exit poll predictions of above 350.
04.06 / 17:39
markets
Merit
Election
country
testing
medicines
67 candidates share top rank in NEET-UG, maximum from Rajasthan
candidates have bagged the top rank in medical entrance exam NEET-UG, a majority of them from Rajasthan, the National Testing Agency announced on Tuesday. The top rankers in the National Eligibility cum Entrance Test (NEET) also include 14 girls, the agency said.
04.06 / 17:39
Election
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Justice
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Amit Shah wins Gandhinagar by over 7 lakh votes
Delhi: Union Home Minister Amit Shah on Tuesday won the Gandhinagar Lok Sabha seat of Gujarat by a margin of over 7.44 lakh votes, one of the highest in this election, bettering the figure of his 2019 victory. Shah defeated his nearest Congress rival Sonal Patel by a staggering margin of 744716, announced the Election Commission of India.
04.06 / 17:33
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Maharashtra Election Results 2024: 'Wanted to end dictatorship, save Constitution,' says Uddhav Thackeray
Maharashtra Election Results 2024: After the Maha Vikas Aghadi (MVA) is set to bag 29 of the 48 seats in Maharashtra, former Chief Minister and Shiv Sena (UBT) chief Uddhav Thackeray on Tuesday said the INDIA bloc was formed to end the dictatorship in the country and save the Constitution. The MVA contitues of Congress, Shiv Sena (UBT) and NCP (Sharadchandra Pawar).Addressing a press conference, Thackeray said, “The day our INDIA alliance was formed, we had decided that we want to end the dictatorship in the country and save the Constitution."The Sena UBT chief also informed that the Opposition alliance would decide on its Prime Minister candidate tomorrow (June 5). "All patriots and all people who are harassed by them (BJP) will come with us.
04.06 / 17:33
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consolidation
Lok Sabha Election Results: SP eats into BJP seat share in UP's Muslim-Yadav belts — was it vote consolidation?
especially in the Muslim-Yadav-dominated constituencies.Follow UP Election Results 2024 Live Updates hereOf the 34 Muslim-Yadav-dominated seats (analysed by Mint) in Uttar Pradesh, the BJP won 22 seats in the 2019 Lok Sabha Elections. The BJP lost eight of these 22 seats to Akhilesh Yadav's SP and one to the Congress in the 2024 Lok Sabha elections.Simply put, the SP and the Congress (INDIA bloc allies) reduced the BJP's seat share in Muslim-Yadav-dominated seats – snatching away nine seats from the 22 seats won by the BJP in 2019.However, the SP didn't lose a single seat (won in 2019) to the BJP.
04.06 / 17:33
Assurant
Remark
Election
country
reports
politician
Yashwant Singh asks Chandrababu Naidu, Nitish Kumar to switch to INDIA bloc: ‘History will judge….’
shamelessly destroying India's future by: (1) using ED, CBI, and Income Tax agencies to coerce politicians and business people; (2) using money power through illegal Electoral Bonds and crony capitalists to buy elections and MP/MLAs; and (3) controlling the media, bureaucracy, and EC to advance his megalomania. The people have taken this so-called "divine person" and shown him his true place - the dustbin of history along with all the other dictators!," Yashwant Sinha said in a post on X.Yashwant Sinha's remark came as Prime Minister Narendra Modi addressed the Bharatiya Janata Party (BJP) workers at the party headquarters in New Delhi and thanked the people of the country for the historic third term to the National Democratic Alliance (NDA). PM Modi assured his supporters that his third term would be a tenure of big decisions and the key emphasis would be on uprooting corruption."The fight against corruption is becoming tougher by the day.
04.06 / 17:33
markets
FIVE
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Mint Primer: The verdict in three minutes
₹4.56 trillion towards welfare schemes in the last five years. This included ₹2.71 trillion by way of direct benefit transfers (DBT) and ₹1.84 trillion towards non-DBT spending. Its leader and incumbent chief minister Y.S.
04.06 / 17:33
UPS
IPO
Booking
innovations
information
travelers
Ixigo IPO: From launch date to size - here's all you need to know about the upcoming issue
₹120 crore and an offer for sale (OFS) of up to 6.66 crore shares. In the OFS, stakeholders such as SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, and Placid Holdings will sell part of their stakes.Also read: Kronox Lab Sciences IPO Day 2: Should you subscribe or not? Check GMP, key dates, subscription status, more.The offering is being conducted through the book-building process, with 75 per cent of the IPO reserved for qualified institutional buyers, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors.The net proceeds from the public offer are intended to be used for funding working capital requirements, investments in technology, supporting inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes.Ixigo is a travel technology company dedicated to empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels.
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