India Financial News

PM Narendra Modi's first reaction to Lok Sabha elections 2024 results: ‘Historical feat in India’s history' In contrast, the Indian National Congress (INC) was a story of bouncing back, after a string of electoral setbacks over the past decade. The Grand Old Party roughly doubled its seat share, even though it registered a more modest rise in its national vote share. Among the seats it contested, its vote share increased from 24.8% in 2019 to 34.7% in 2024.

Catch LIVE updates of Lok Sabha Election Result Pakistan's news daily Dawn covered the Lok Sabha Elections Result, with a headline ‘India vote count shows Modi alliance winning surprisingly narrow majority’, limiting itself from any remark, whatsoever. The strap of the news article read, ‘BJP concedes defeat in Ayodhya where Ram Temple was inaugurated; Rahul Gandhi says voters have punished BJP.’ Notably, BJP losing the Faisalabad seat in Uttar Pradesh, the constituency that houses the saffron party's prestigious project- Ayodhya Ram Mandir, has come as a shock to many. Last week, in an interview with IANS, former Pakistan Minister Fawad Chaudhry, had called to defeat PM Modi in this general elections.

₹3 trillion from central excise in FY24, a bit lower than ₹3.19 trillion collected in the year before. The finance ministry said that the Central Board of Indirect Taxes and Customs (CBIC) has sought feedback on a draft Central Excise Bill, 2024 by 26 June as part of the pre-legislative consultative process. Considering the time of the release of the draft law for comments and the timeline for submission of comments, it appears this new bill might be introduced in the upcoming budget session, said Gunjan Prabhakaran, partner and leader of indirect tax at BDO India.“Once enacted, the Bill shall replace the Central Excise Act, 1944.

Lok Sabha Election Results 2024 Highlights Live Updates"I am being questioned whether I will remain an MP for Wayanad or Raebareli seat.

Tech giant Microsoft’s Indian X (Twitter) account was recently hijacked by crypto scammers, impersonating ‘Roaring Kitty,’ the name behind stock trader Keith Gill.

Prime Minister Narendra Modi claimed victory for his alliance on Tuesday in India’s general election, despite a lackluster performance from his own party as it faced a stronger than expected challenge from the opposition, which pushed back against the ...

Nitin Gadkari on Tuesday won from the Nagpur Lok Sabha constituency for the third time in a row, defeating his nearest Congress rival by a margin of 1,37, 603 votes. The senior BJP leader polled 6,55,027 votes against 5,17,424 votes received by Congress' Vikas Thakre in 20 rounds of counting. BSP candidate Yogesh Lanjewar stood third with 19,242 votes, while 5,474 votes went to NOTA.

BJP asserted on Tuesday that the Lok Sabha poll victory for its alliance underlines people's faith and confidence in Prime Minister Narendra Modi's vision of «Viksit Bharat». Home Minister Amit Shah said on X that the National Democratic Alliance's (NDA) third consecutive victory in the national election has shown that people's trust is only in Modi. The voters' support is their blessing for the prime minister's work in the last 10 years for the welfare of the poor and farmers, revival of heritage and self-respect of women.

candidates who contested in the 42 Lok Sabha constituencies in West Bengal registered victories by massive margins. Trinamool Congress general secretary and Diamond Harbour candidate Abhishek Banerjee topped the list of nominees winning the election with a massive margin of over 7 lakh votes.

initial public offering (IPO) of Le Travenues Technology, which operates travel tech platform Ixigo, will open for subscription on June 10 and close on June 12. The company filed its draft red herring prospectus (DRHP) with markets regulator Sebi in February and received approval for the same in May.

INDIA bloc's show in the Lok Sabha polls, Shiv Sena (UBT) president Uddhav Thackeray on Tuesday pushed for staking a claim to form the next government at the Centre and said the opposition alliance's leaders will meet on Wednesday in New Delhi to decide on the Prime Minister's face.

Tribal Affairs and Agriculture Minister Arjun Munda lost the Khunti Lok Sabha seat to Congress's Kalicharan Munda by 1.49 lakh votes, officials said. Arjun Munda, a three-time chief minister, had defeated Kalicharan Munda by 1,445 votes in 2019.

political leader with grassroots connect, Rajnath Singh is credited with expanding the BJP's organisational network in the Hindi heartland of Uttar Pradesh in the 1990s and the subsequent decades. The man from Chandauli district of the politically-crucial state is known as a moderate face and is widely respected by leaders cutting across party lines.

offshore bonds have dropped by a dollar following the Modi government's failure to secure a thumping majority as predicted by exit polls. Adani Green’s recently issued $409 million 6.7% bond was down to 93/94 from 95/96 and Adani SEZ $750 million 4.375% bond due 2029 fell to 88/89 from 90. The political development led to a sharp decline in Adani Group companies' stock prices as well, which fell by 20% due to the poor performance of the BJP. The alliance led by Prime Minister Narendra Modi fell short of the anticipated landslide victory. Going forward, borrowing costs for the Adani group companies are likely to see spread increasing over peers as investors add risk premium of a weaker Modi government.

Foreign institutional investors (FIIs) sold Indian equities worth Rs 12,436.22 crore on Tuesday while domestic institutional investors (DIIs) offloaded shares worth Rs 3,318.98 crore. The total sell-off shot up to 15,755 crore. This is in sharp contrast to Monday's buying action where both FIIs and DIIs were net buyers and purchased shares worth Rs 6,851 crore and Rs 1,914 crore, respectively, taking the overall tally to Rs 8,765 crore.

shankha', danced to 'dhol' beats and chanted 'Modi' slogans as the newly re-elected lawmaker arrived. Senior politicians including Union Home Minister Amit Shah BJP chief JP Nadda were also in attendance. “ ...On this sacred day, it is confirmed that NDA is making govt for the 3rd time.

Mint that the opposition getting substantial votes is also a sign that checks and balances are in place. Sajjan Jindal, chairman of JSW Group, in a statement on today's election results, said, “Very difficult to gauge the mood of public in a vast country like ours. This is amply clear from today’s numbers! What we are witnessing today is something nobody expected and showcases how a democracy of our size functions.""The biggest question on the mind of investors is whether the pace and quality of reform will continue as it has over the past 10 years without the single majority.

₹12,436.22 crore in the markets on Tuesday, suggested provisional data on the NSE leading to more than 5% fall in the n]benchmark Nifty-50 index and Sensex.The Investments by Foreign Portfolio Investors (FPI) that turned net sellers of equities in the month on April 2024 are likely to remain uncertain in the near terms, say analysts. The NSDL data shows that while Foreign Portfolio Investors sold ₹8671 crore worth of Equities in the month of April, the intensity of outflows by the Foreign Portfolio Investors had increased during the month of May.

Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) secured a simple majority in the 543-member Lok Sabha. The election results announced on June 4, however, indicated that the NDA has not achieved the landslide victory that most exit polls had predicted.The NDA was hovering around 292 seats as on 9 pm, according to Election Commission of India numbers. The opposition INDIA bloc was leading in 232 seats, again belying all exit poll predictions.

2025 BMW 1 Series will be a substantially revamped version of the existing F40 model, rather than a completely new offering. Dubbed the F70 internally, the new '1' will retain its five-door body style, with a redesigned silhouette that hints at fresh front and rear bumpers, as well as novel LED daytime running lights.