Election Financial News

The Indian financial market experienced significant volatility in the past quarter. Fluctuations were notable during the national elections in June, and now with the recent declines, driven by various factors, such as concerns of recession in the US, the fallout of the Japanese Yen carry trade, and the ongoing geopolitical tensions. 

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Sheikh Hasina's escape to India following a coup, her arch rival Khaleda Zia, a former prime minister whose Bangladesh Nationalist Party (BNP) is the main opposition party in the country, has been released from years of house arrest. Her party is likely to win the elections which the interim government will now hold.

X by Elon Musk have amassed nearly 1.2 billion views this year, a watchdog reported Thursday, highlighting the billionaire's potential influence on the highly polarized White House race. Ahead of the November election, researchers have raised alarm that X, formerly Twitter, is a hotbed of political misinformation. They have also flagged that Musk, who purchased the platform in 2022 and is a vocal backer of Donald Trump, appears to be swaying voters by spreading falsehoods on his personal account.

Shiv Swarajya Yatra", kickstarting its campaign for the upcoming assembly elections in Maharashtra, a day after the ruling NCP rolled out its own mass outreach programme. The NCP (SP)'s yatra started from the historic Shivneri Fort, the birthplace of legendary Maratha warrior-king Chhatrapati Shivaji Maharaj, in Junnar tehsil of Pune district. «By taking the blessings of Chhatrapati Shivaji Maharaj here at the Shivneri Fort, we are starting our yatra with a resolve to bring back people's government (rayateche rajya) in the state,» Maharashtra NCP chief Jayant Patil declared on the occasion.

Steel maker Kamdhenu on Friday posted a 28 per cent rise in profit after tax (PAT) to Rs 15.43 crore in the April-June quarter on lower expenses. It had reported a Rs 12.06 crore PAT in the April-June period of 2023-24. The company's total income reduced to Rs 191.10 crore from Rs 210.45 crore in the first quarter a year ago, the company said in an exchange filing.

Sanjay Raut on Friday emphasised on the need for the opposition bloc MVA to project a chief ministerial face in Maharashtra ahead of the assembly polls, remarks coming after party president Uddhav Thackeray meets with top Congress leaders. So far, the Maha Vikas Aghadi (MVA) has refrained from collectively pitching for a CM face in the state where polls are due in October. Asked if he was pushing for Thackeray's candidature for the top post, Raut avoided a direct reply and maintained that his party president and Congress leader Rahul Gandhi have been at the forefront of raising their voice against policies of the BJP-led government at the Centre. Talking to reporters in New Delhi, the Shiv Sena (UBT) Rajya Sabha MP said Thackeray and Rahul Gandhi, the Leader of the Opposition in the Lok Sabha, have been constantly raising their voices against the Centre's «oppression». «There has to be a face for the state (polls). Had Rahul Gandhi been the face (of the opposition) in the Lok Sabha polls, then we could have defeated (the BJP-led NDA). It was only after Rahul Gandhi accepted the Leader of Opposition's post that the country saw some sense of confidence. So a face is needed for the opposition and also for the ruling party,» Raut commented.

Financial Action Task Force (FATF) global anti-money laundering watchdog has asked India to improve due diligence on the bank accounts of local politicians, government officials and their families, two government sources said. The recommendation for tougher checks on the finances of politically exposed persons (PEPs) is part of a FATF review of India's anti-money laundering systems that began in 2023. The group is due to publish its final report soon. Under global rules, politicians, their families, and close associates are subject to checks on their bank accounts due to their potential susceptibility to bribery and corruption.

Donald Trump said on Thursday that U.S. presidents should have a say over decisions made by the Federal Reserve, the most explicit indication so far of his interest in infringing on the central bank's independence should he regain the White House. «I feel the president should have at least (a) say in there,» the former president told reporters at his Mar-a-Lago residence in Florida. «I think that in my case, I made a lot of money, I was very successful, and I think I have a better instinct than in many cases, people that would be on the Federal Reserve or the chairman.» Trump allies have drafted proposals that would attempt to erode the Fed's independence if he wins, the Wall Street Journal reported in April. The Trump campaign distanced itself from the report at the time.

ABC News says Vice President Kamala Harris and former President Donald Trump have agreed to a Sept. 10 debate

Vice President Kamala Harris and her running mate, Minnesota Gov. Tim Walz, are showing their support for organized labor by appearing at a Detroit-area union hall

External affairs minister S Jaishankar will pay a three-day visit to Maldives starting Friday as both countries look to repair the strained relationship since President Mohamed Muizzu came to power last year. This would be Jaishankar's first visit to Male since Muizzu was elected to office. During the visit, India and Maldives will inaugurate completed projects under High Impact Community Development Projects and Line of Credit facility of EXIM Bank of India and witness the exchange of the memorandum of understanding on areas for capacity building, commerce and trade, said Maldives foreign ministry on Thursday announcing the visit. «Maldives is India's key maritime neighbour and an important partner in India's 'Neighbourhood First' Policy and our Vision 'Sagar' i.e. Security and Growth for All in the Region. The visit is aimed at strengthening the close partnership between the two countries and to explore avenues to enhance the bilateral relationship further,» the MEA said in a statement.

Bangladesh Nationalist Party (BNP), Tarique Rahman, and the student leadership which led the protests that ousted the Sheikh Hasina government in Bangladesh earlier this week are at loggerheads over general elections, according to people in the know. Sources told ET that Rahman is in a hurry to hold elections that may enable him to become the next PM, and is worried that «pro-BNP» and «pro-Jamaat» sentiments may dilute if elections are delayed. However, the student leadership has a different view. It does not have a political structure and wants time to create a party before contesting the polls.

JD Vance soon be a liability for Republican candidate Donald Trump in the US Presidential Election 2024? If media reports are to be believed, his ratings in the opinion polls are plummeting. In an article published in the 'Washington Post', it was said that his selection as a running mate was not encouraging as he was a historically unpopular running mate. He is not a popular voter-friendly candidate is evident by he fact that in the 2022 Ohio Senate campaign all other Republican candidates for statewide office performed better in their races. As if it was not enough, his popularity has been waning since Donald Trump selected him as his running mate.

Union Minister Pralhad Joshi said on Thursday that the central government is not targeting anyone by bringing amendments to the Waqf Board Act and added that the opposition parties want to «only create an atmosphere.» «We are not targeting anyone. They (Opposition) want to only create an atmosphere. Our minister will explain in detail when he introduces the bill. They want to misguide some people in the community. They are trying to tarnish the image of India. We are one of the best democracies in the world,» Pralhad Joshi said while speaking to ANI. Parliamentary Affairs Minister Kiren Rijiju on Thursday moved the Waqf (Amendment) Bill, 2024 in Lok Sabha. Congress MP KC Venugopal opposed the bill in the House and dubbed it an «attack on the federal system.»

NEET PG 2024 today, ahead of the entrance exam scheduled for August 11, 2024. Candidates who have registered for the exam can now download their hall tickets from the official NBEMS website, nbe.edu.in, by using their roll number, date of birth, and other required details. NBEMS had previously released the NEET PG 2024 exam city intimation slips on July 31 and August 4. The admit cards will provide detailed information regarding the exam schedule and venue. To download the NEET PG 2024 admit cards, candidates should follow these steps:

Sao Paulo Civil Police in Brazil have uncovered a sophisticated crypto laundering operation linked to a major drug gang – the First Capital Command (PCC).

Every crisis comes twinned with opportunity—not just to solve the proximate problem, but also to effect a paradigm shift, away from the conditions that led to the crisis. So it is with Bangladesh.

While it is not easy to find stocks at reasonable valuations in a bull market, Vishal Jajoo, Fund Manager – Equity, ITI Mutual Fund, says growth stocks in India would continue to command a premium for the visibility in earnings that they offer. “The risk of not being in the markets is much higher than the risk of being in the markets. We continue to advocate disciplined investing in markets with a medium to long term view,” Jajoo says.

Gajendra Singh Shekhawat on Wednesday said that political instability in Bangladesh is unfortunate as an elected government was toppled there but government of India is vigilant against any negative impact of the situation here. The minister while speaking on sidelines of a function here in Srinagar said that a country cannot chose it's neighbours but ensured that the borders of India are safe and secure. «Undoubtedly this is unfortunate that there is political instability in our neighborhood and an elected government was toppled like this. An individual can chose everything but not his neighbour,» said Shekhawat. He further stated that «GoI is vigilant and keeping a tab on the situation in the neighborhood keenly. We are aware to fact that this situation (in Bangladesh) should have no negative impact on India.»