India Financial News

₹2,79,369 crore in Indian stocks, though they have net sold stocks April onwards. Indeed, domestic investors also turned to investing in stocks after covid. The number of demat accounts jumped from 39.4 million in December 2019 to 154.4 million in April 2024.

Lok Sabha Election 2024, Deputy Press Secretary to the President on 4 June said that Rashtrapati Bhavan will remain closed for the general public from 5-9 June.Releasing an official statement, the Navika Gupta – on behalf Rashtrapati Bhavan – cited the decision has ben taken for preparation for forthcoming event of swearing-in-ceremony of the Council of Ministers.ALSO READ: Lok Sabha Election Results 2024 Live Updates“Visit of Rashtrapati Bhavan (Circuit -1) will remain closed for the general public from June 5 to 9, 2024, due to preparation for forthcoming event of swearing-in-ceremony of the Council of Ministers at Rashtrapati Bhavan," the official statement said.According to the details, NDA is leading in 292 seats, while INDIA bloc leads in 232 Lok Sabha seats. As per ECI website at 8:30 pm, BJP has won in 154 Lok Sabha seats and leading in 86 seats, taking the tally to 240 seats.

Catch LIVE updates on Lok Sabha Election Results On Tuesday, the BJP-led NDA was ahead in over 290 seats, while the opposition INDIA bloc was leading in 232 parliamentary seats.Mallikarjun Kharge said the Congress and INDIA bloc contested the elections in adverse circumstances and accused the BJP-led government of capturing constitutional institutions to create hurdles in the path of the opposition.The INDIA bloc will meet on Wednesday and decide on whether they want to form government, by approaching parties like Telegu Desam Party (TDP)'s Chandrababu Naidu, and Janata Dal (United) leader Nitish Kumar. Congress leader Rahul Gandhi said that the INDIA bloc will meet on Wednesday to discuss the future course of the Opposition coalition.

Stock Market Crash: Emkay says market correction not deep enough, advises to stay away from PSUs, Capital GoodsHowever, Maheshwari anticipates that all the PSU stocks, which were outperforming so far, are likely to go down. “Stocks, whether it from defence sector, renewable energy or any other PSU, which were outperforming earlier, are likely to witness a downward trend.

NEW DELHI : The 2024 general elections will probably go down as the one that saw the coming of age of opposition parties in leveraging alternative media—YouTubers, independent journalists, social-media influencers—in the jostle for gaining political mileage. At last count, the Indian National Developmental Inclusive Alliance (INDIA) had clocked in 41.47% of all votes, right behind the National Democratic Alliance’s (NDA's) 45.13%.

Elections 2024 results: Former Maharashtra Chief Minister Uddhav Thackeray spoke on Tuesday about the strong performance of the Opposition INDIA bloc and hinted that they could try some political engineering to form the next government at the Centre. Uddhav Thackeray said that the Congress and other INDIA bloc leaders are talking with NDA partners like JD(U) chief Nitish Kumar and TDP chief Chandrababu Naidu.

Apne pair pe apni kulhadi maarna.’ A lose-lose proposition. So, why did the BJP leadership indulge in it? A credible one-word explanation may be arrogance; i.e., a we-can-do-no-wrong attitude. Another pointer from the Karnataka assembly election was that while corruption in India was all pervasive, it was expected that the BJP under Modi would be significantly less corrupt than the rest.

With the ruling BJP not performing as widely expected in the Lok Sabha polls, the Indian stock market saw a bloodbath on Tuesday. Benchmark indices Sensex and Nifty tanked over 8% intraday. There are apprehensions that BJP’s lower seats tally might slow down reform measures initiated by the ruling government in its second term.

The Adani group’s digital platform Adani One and ICICI Bank have launched India’s first co-branded credit cards with airport-linked benefits in collaboration with Visa.

The insurance regulator has set a three-hour limit to settle cashless claims. Saikat Neogi identifies the bottlenecks in the health insurance claim settlement process and what hospitals and insurers need to do to speed it up.

Sustainability in today’s world is more than just a fleeting phenomenon; it signifies enduring practices that can thrive over time and be embedded in our practices. The notion of smart cities carries immense potential to invigorate, include, and enhance urban life. The initiation of India’s smart city program is commendable as it marks the outset of a journey toward positive transformation and alleviate urban living standards.

Dinara, a popular social media influencer from Moscow, has taken the internet by storm with her unconventional quest to find an Indian husband. During her visit to an Indian shopping mall, she posed with a male mannequin holding a sign that read, «Looking for an Indian husband (unmarried).» The sign also included a QR code linking directly to her Instagram profile, making it easy for interested individuals to connect with her.

West Bengal Chief Minister Mamata Banerjee on Tuesday said Prime Minister Narendra Modi should immediately resign «accepting the moral defeat» because he campaigned in the Lok Sabha polls claiming that the BJP would win over 400 seats but in reality, it failed to get a majority on its own. Addressing a press conference, Banerjee said she would try to ensure that Modi is out of power from the Centre, and the "INDIA bloc is in".

BJP's vote share suffered a decline this time while the Congress and the Samajwadi party garnered more votes compared to what they did in the 2019 Lok Sabha polls, according to Election Commission data on Tuesday. The BJP, which contested more seats this time than in 2019 but is likely to fall short of the magic figure of 272, garnered 36.91 per cent of the total votes polled, a drop of around 0.39 percentage points as of 6.15 pm.

Also read: Job creation, alleviating rural distress likely to top new government’s agenda The upcoming Digital India Bill will be another key priority for the government, which wants Big Tech to tackle issues such as deepfakes and malicious AI-generated content. The industry, for its part, will want the government to preserve the safe-harbour principle to ensure that intermediaries are not held liable for third-party content posted on their platforms.

₹3,600 crore, is setting his sights high with plans to launch a new venture—the Bharat Amritkal Fund, a category III Alternative Investment Fund, requiring a minimum investment of ₹5 crore. With this fund, Khemani, a Portfolio Management Service (PMS) manager, aims to capitalize on India's economic trajectory, betting on sectors expected to undergo substantial growth, including manufacturing, banking, infrastructure, and consumption, as the country targets a $29 trillion GDP by 2047, accounting for an estimated 16% of global GDP. This strategy also reflects Khemani's confidence in an outright victory for the Bharatiya Janata Party (BJP)—a thesis that now looks a little shaky.

NEET UG 2024 result LIVE updates: On June 4, the National Testing Agency (NTA) announced the results of the NEET 2024 examination. Students can check their results for the undergraduate entrance test on the official NTA NEET website at exams.nta.ac.in/NEET or at neet.ntaonline.in.As the NEET results are announced, the NTA will also release the names of the top performers across India and the minimum scores needed for different categories.

Uttar Pradesh Lok Sabha election results in 2024: Uttar Pradesh, which contributes the largest seats to the Lower House of Parliament, has given a big shocker to Bharatiya Janata Party (BJP)-led National Democratic Alliance as Opposition INDIA bloc with Congress and Samajwadi Party at the helm is leading on 43 of the 80 Lok Sabha seats. The BJP, which won 62 seats from the state in the 2019 Lok Sabha election, is currently restricted to 33 seats. Senior Congress leader Rahul Gandhi and former Uttar Pradesh Chief Minister Akhilesh Yadav are seen as major reasons behind the INDIA bloc's strong performance.

REC, PFC, and Bharat Heavy Electricals, each witnessing losses of up to 25.19%.Nearly 52 stocks within the index concluded today's session with losses ranging between 10% and 20%.Also Read: Nifty Midcap 100 suffers sharp decline of over 6,000 points, hits 11-week lowPSU and capital goods stocks have been on an upward trajectory, fueled by initiatives such as Make in India, a rise in capital expenditure, and the government's emphasis on revitalizing the banking sector. These sectors have witnessed robust performance in recent times.

inflation, rural distress and unemployment weigh heavily on the Indian economy. During April, retail inflation eased slightly to 4.83%, down from 4.85% in March, mainly due to falling fuel prices. However, food inflation remained elevated.

National Democratic Alliance (NDA) was leading on 292 seats.In 2019, the BJP had won 303 seats on its own while the NDA got 353 seats. The UPA, then led by the Congress party, had won just 91 seats. Clearly, the opposition has improved its performance and belied all exit poll predictions.