Election Financial News

Rohit Sharma won the toss and elected to bat first in Barbados. The Men in Blue lost their first wicket in the form of skipper Rohit Sharma, who decided to take the aggressive route against Fazalhaq Farooqi, only for the ball to fall straight into the hands of Rashid Khan.Rishabh Pant and Virat Kohli stabilised the Indian innings for a while, but the left-hander soon lost his way in the powerplay and was sent back to the pavilion by Rashid Khan for 20.

Student loans have emerged as an important issue ahead of the US Presidential elections, according to the Bankrate survey. 1 in every 5 students revealed that this will have a major influence when they vote in November. The US Federal Reserve notes that more than 40 million borrowers owe a total of $1.77 trillion in loans. The survey found that among those who have borrowed, 29% of the respondents said that it would influence their voting choice in the election. Trump and Biden’s stand on the issue:

Union Budget 2024: Prime Minister Narendra Modi led-government will present first full Budget in their third term after the 18th Lok Sabha polls in 2024 in the coming month, laying the roadmap for the next five years. The last budget presented by the Finance Minister Nirmala Sitharaman was a vote on account due to the General Elections that were scheduled from April to May. Here are some interesting Budget trivia that you should know:

Delhi Court on Thursday granted bail to Delhi chief minister Arvind Kejriwal in connection with the Delhi Excise policy case. Kejriwal was arrested by the Enforcement Directorate (ED) in March this year under relevant provisions of the Prevention of Money Laundering Act (PMLA) for his alleged role in the Delhi excise policy case. The federal agency had last month filed a chargesheet against Kejriwal accusing him of being the «kingpin» in the case. The ED has also chargesheeted the AAP as a co-accused in the case. Vacation Judge Niyay Bindu passed the order today after hearing contentions of ED and Kejriwal over two days. After the pronouncement of the order this evening, the ED requested whether the signing of the bail bond could be deferred by 48 hours so that the order may be challenged before the appellate court. However, the judge turned down ED's request. The bail bond is to be produced before the duty judge tomorrow, the court added. The agency has alleged that Kejriwal demanded ₹100 crore in kickbacks to benefit certain liquor wholesalers in the excise policy. It further alleged that the AAP utilised the bribes in the 2022 Goa assembly elections.

Modi during his virtual address in Srinagar on Thursday said that preparations for assembly elections have already started in Jammu and Kashmir and its statehood will be restored soon. Modi arrived in Srinagar on Thursday and laid foundation and inaugurated several development projects worth around Rs 3,300 crore and gave letters to 2,000 persons appointed in government service. The PM is also participating in the International Yoga Day event on June 21 to be held at Sher-i-Kashmir International Convention Centre on the banks of Dal Lake. The administration has made elaborate security arrangements in the Srinagar city with restrictions on movement of traffic around the venue, drone surveillance and deployment of police and paramilitary forces across the city.

France’s prime minister hopes to emerge from the campaign for the early legislative election not only still holding the job that President Emmanuel Macron gave him less than six months ago but also as more of his own person

Former Vice President Mike Pence’s foundation is launching a $10 million campaign to preserve the Trump-era tax cuts

Sarbananda Sonowal arrived in Dibrugarh on Thursday, first time after Prime Minister Narendra Modi reappointed him in the Union Cabinet recently. Thousands of people from Sonowal’s home constituency, which he won convincingly in the recent Lok Sabha elections, thronged the Dibrugarh airport to welcome the beloved leader. Sonowal was warmly greeted by people from various castes, tribes, and areas with enthusiastic cheers. Sonowal also attended a reception party organized at the India Club in the city by MLA of Dibrugarh, Prashanta Phukan where leading citizens of the city along with people from all walks of life extended their greetings to Sarbananda Sonowal. Expressing his deep gratitude, Sarbananda Sonowal said, «I am truly overwhelmed by the unprecedented love and support from the people of the Dibrugarh Lok Sabha constituency that helped me win. I will never forget this affection. Dibrugarh is my birthplace and my place of work. I am determined to continue working diligently as both a native and an MP from Dibrugarh.”

Sunil Singhania on Thursday said India offers a lot of opportunities for equity investing, backed by robust fundamentals. These fundamentals are being driven by 4 'Ds', according to the Abakkus founder, which are amplified as Democracy, Demographics, Domestic Consumption and Digital leeway.

Interestingly investors are optimistic about the speculation surrounding Raboo, due to its excellent presale journey and AI-backed ecosystem that aims to redefine the meme sector. Are the price projections for these cryptocurrencies feasible? Let's find out.

Election Commission has received eight applications from aggrieved candidates, including those from the BJP and the Congress, for verification of tampering or modification in micro-controller chips embedded in the EVMs post declaration of Lok Sabha election results on June 4. Terming the suspicion of manipulation of the electronic voting machines «unfounded», the Supreme Court had on April 26 rejected the demand for reverting to the old paper ballot system. But at the same time, the top court had opened a window for the aggrieved unsuccessful candidates securing second and third places in the poll results and allowed them to seek verification of micro-controller chips embedded in five per cent EVMs per assembly constituency on a written request upon the payment of a fee to the poll panel. BJP's Ahmednagar (Maharashtra) candidate Sujay Vikhe-Patil has sought verification of the machines from 40 polling stations.

Two MPC members, Dave Ramsden and Swati Dhingra, voted again for a 25 basis points cut to 5%, against a majority of seven, who opted to hold rates. UK inflation returns to 2% target but June BoE cut remains unlikely The move follows positive inflation data for May from the Office for National Statistics, which revealed on Wednesday (19 June) that the Consumer Prices Index (CPI) fell back to 2% for the 12 months to May 2024 – reaching the BoE's inflation target. The most concerning data, however, included core CPI, which stood at 3.5% last month, and services inflation at 5.7%, whil...

Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% on Thursday ahead of a July 4 election, but some policymakers said their decision not to cut rates was now «finely balanced». The BoE's Monetary Policy Committee voted 7-2 to keep rates on hold, in line with economists' expectations in a Reuters poll. Deputy Governor Dave Ramsden and external MPC member Swati Dhingra remained the only policymakers to support a cut to 5%.

Any hopes the governing Conservative Party may have of the Bank of England cutting its main interest rate from a 16-year high of 5.25% are expected to be dashed

Rahul Gandhi on Thursday launched a string of attacks on Prime Minister Narendra Modi while addressing the media on the issue of NEET, and said that the BJP leader has been unable to plug alleged paper leaks in competitive exams. Gandhi said that following the recent Lok Sabha disappointment, PM Modi has “psychologically collapsed, someone even threw chappal at his car.” The Congress leader was making a reference to a video that has been circulating on social media where a footwear was allegedly hurled at PM Modi’s car in his constituency Varanasi.

J and Donald Trump will enter CNN’s Atlanta studio next Thursday for the most important 90 minutes of this election season. What they say, the impressions they leave, their confrontations, mistakes and humanizing moments could determine who wins in November. If one candidate has a particularly bad night, undecided and otherwise up-for-grabs voters could lock in for his opponent.

Rouse Avenue Court on Thursday heard the bail plea of Delhi Chief Minister Arvind Kejriwal. ASG SV Raju appeared for the Enforcement Directorate (ED) and submitted documents showing certain transactions done for his stay at the Grand Hyatt in Goa through Chanpreet Singh’s account. Raju also submitted screenshots of WhatsApp chats between Kejriwal, Singh and Vinod Chauhan, claiming to have established transactions being done between the three.

Also Read: MOSL advises multi-asset investments after election results: Here's what it recommends for equity, gold, fixed income“Factoring in favourable macroeconomic tailwinds, leading to an upgrade in our blended Nifty-50 target to 25,683 (from 24,084 earlier). The preference for large-caps remains.

More than 3,000 nurses at six Oregon hospitals have spent a second day on the picket lines as they continued to demand fair wages and better nurse-to-patient ratios

Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's looming election preventing a cut, according to analysts. The BoE was widely forecast to keep its cost of borrowing at 5.25 percent, a 16-year high, following a regular monetary policy meeting.