Election Financial News

Rahul Gandhi during the Lok Sabha elections has a deep Lucknow connection thanks to its publishers, who first printed it in 2009. And if publishers Eastern Book Company are to be believed, people have started showing more interest in the coat pocket edition of the Constitution after Gandhi pulled it out on several occasions during the campaign. Sumeet Malik, one of the directors of the Eastern Book Company, told PTI that the idea of printing a court pocket edition came from Supreme Court advocate Gopal Sankaranarayanan, who suggested that they should publish a version that fits easily in the lawyers' court pockets. «The first edition was launched in 2009 and there have been about 16 editions of this book, which have been published so far. And over the years, these copies have been purchased by many lawyers and judges, and also given by Prime Minister Narendra Modi to Ram Nath Kovind when he became the President of India,» said Malik.

The equity markets took a steep dive during the election results day as the outcome was significantly different from the exit polls, but they reached all-time highs shortly after a few days.

Rishi Sunak is seeking his own public mandate at next month's general election having been installed as Conservative leader and UK prime minister by his own colleagues in parliament. The 44-year-old former financier was tasked with stabilising the UK economy, and his own notoriously fractious party, when he succeeded Liz Truss in October 2022 after her 49-day premiership imploded.

R K Chaudhary, one of the founders of the Bahujan Samaj Party (BSP), has claimed BSP chief Mayawati has been ignoring the Bahujan movement which has led to her party's rout in these Lok Sabha polls. Now, SP chief Akhilesh Yadav is taking forward the Bahujan movement, demanding social equality for backward castes and disadvantaged communities, with the slogan of 'PDA' (backward, Dalit and minority), said Chaudhary, a four-time MLA and former state minister who is counted among Uttar Pradesh's prominent Dalit leaders. In a conversation with PTI, Choudhary, who has been elected MP from the Mohanlalganj seat on an SP ticket, discussed among other things the BSP's falling graph and what future holds for the party founded by Kanshi Ram. According to him, the core Dalit politics in Uttar Pradesh has become leaderless at the moment, but in the coming times, the SP will carry forward the flame of Bahujanism awakened by Kanshi Ram.

DMK chief and Tamil Nadu Chief Minister MK Stalin claimed that the Lok Sabha results were Prime Minister Narendra Modi's «defeat» and he became the PM because of the support of TDP's Chandrababu Naidu and JDU's Nitish Kumar. While addressing a public meeting in Coimbatore on Saturday, the Tamil Nadu CM also targeted the BJP over its slogan of 'Abki Baar, 400 Paar', saying, «Despite a lot of efforts, the BJP got only 240 seats.» «This is not Modi's victory, but Modi's defeat. Modi is the Prime Minister because of Chandrababu Naidu and Nitish Kumar. If they had not supported it, where would Modi have gotten the majority from? BJP can't do anything as per their wish,» Stalin said.

opinion polls released late on Saturday presented a grim picture for Prime Minister Rishi Sunak's Conservative Party, and one pollster warned that the party faced "electoral extinction" in July 4's election. The polls come just over halfway through the election campaign, after a week in which both the Conservatives and Labour set out their manifestos, and shortly before voters begin to receive postal ballots.

June 16 across various exam centres in India. This examination, originally scheduled for May 26, was postponed due to the recently concluded Lok Sabha elections. The exam is the first of three stages in the selection process for officers of the Indian Administrative Service (IAS), Indian Foreign Service (IFS), Indian Police Service (IPS), among others. Arrangements in Place for Candidates

France Saturday to protest against the far-right National Rally (RN) ahead of the French parliament elections. Following the RN's surge in last Sunday's European elections, police said 350,000 people were expected to march and 21,000 officers had been mobilised after labour unions, student groups and rights groups called for rallies to oppose the anti-immigration, eurosceptic party.

Donald Trump will use back-to-back stops Saturday to court Black voters and a conservative group that has been accused of attracting white supremacists as the Republican presidential candidate works to stitch together a coalition of historically divergent interests in battleground Michigan. Trump is scheduled to host an afternoon roundtable at an African American church in downtown Detroit. Later he will appear at the “People's Convention" of Turning Point Action, a group that the Anti-Defamation League says has been linked to a variety of extremists.

Socialist president Francois Hollande on Saturday said he is to stand again for parliament in legislative elections — a political comeback that took even his allies on the left by surprise. Hollande, France's president from 2012-2017, left office with record levels of unpopularity and is detested by some within the radical left while even the Socialist leadership regard him with suspicion.

Shiv Sena (UBT) leader Uddhav Thackeray stated on Saturday that the Maha Vikas Aghadi's (MVA) victory in Maharashtra's Lok Sabha elections marks the beginning, not the end. He expressed confidence during a joint press conference in south Mumbai with NCP (SP) chief Sharad Pawar and senior Congress leader Prithviraj Chavan that the opposition alliance would also triumph in the upcoming state assembly elections. Thackeray emphasised that the recent results have debunked the myth of the Bharatiya Janata Party's invincibility. «Lok Sabha poll victory for Maha Vikas Aghadi (MVA) is not the end, it is the beginning,» the former chief minister said. Congress leader Chavan said after the Lok Sabha poll results, change of government was imminent in Maharashtra.

PSU Mutual Funds: PSU mutual funds have surged over 10% since June 4, the day Lok Sabha election results were announced. PSU mutual funds fall within the thematic equity mutual fund category. Thematic funds are equity mutual funds that invest into stocks connected to a particular theme. These funds’ investment patterns are unified by a central idea. For example, an infrastructure theme fund might invest in sectors such as cement, power and steel, among others.

Real estate has emerged as a “popular hedge” against inflation, says a report. Real estate investments can generate rental income, which potentially grows over time in response to inflation, ANAROCK research has said in its report.

Nifty ended the week with a closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002. The post-election rally has taken everyone by surprise and both indices now are currently sustaining well above their short-term moving averages after testing their 200 day moving averages.

BJP reviewing its performance in the recently concluded Lok Sabha polls in Punjab, state unit chief Sunil Jakhar on Saturday said his party performed «better» in the general elections but asserted that «better is not enough». He also expressed concern over the BJP losing its traditional Lok Sabha seats of Gurdaspur, Amritsar and Hoshiarpur, saying the results in these constituencies were not according to expectations. The Punjab unit of the BJP on Saturday held meetings of party candidates, office-bearers and other party leaders here to review its performance in the just concluded Lok Sabha elections.

Telugu Desam Party (TDP) general secretary and son of Andhra Pradesh Chief Minister Chandrababu Naidu, Nara Lokesh on SAturday launched a "Praja Darbar" to directly interact with the people of his constituency and address their grievances. In the press release, TDP said that has been meeting with locals at his residence every morning to listen to their problems and provide solutions. Lokesh has also established a special task force to resolve the issues raised by the public. This initiative is seen as a significant step towards fulfilling his election promise of being accessible to the people.

Union Minister of Heavy Industries and Public Enterprises, HD Kumaraswamy on Saturday clarified that he was misquoted on his purported remarks regarding the US semiconductor firm Micron. «Semiconductor is a strategic industry. It is a basic requirement for electronics and automobile manufacturing. Both these sectors generate lots of employment. I greatly appreciate the semiconductor-related initiatives taken by @PMOIndia and will work towards fulfilling them through my ministry, Kumaraswamy said in a post on social media platform X. This comes in the wake of a media report published on June 14 in which he purportedly questions the necessity of investments like the USD 2.5 billion semiconductor unit by US-based Micron Technology in Gujarat, which could receive subsidies amounting to Rs 3.2 crore per job created.

BJP president J P Nadda on Saturday formed a four-member committee to look into the alleged political violence in West Bengal, as the party accused Chief Minister Mamata Banerjee of remaining a mute spectator. The committee includes Biplab Kumar Deb, Ravi Shankar Prasad, Brij Lal and Kavita Patidar, all BJP MPs, with Deb as its convener. A party statement said, «Mamata Banerjee remains a mute spectator, while criminals of her party, attack and intimidate opposition workers and voters with impunity. Even the Calcutta High Court has taken note of these excesses and extended deployment of CAPF till June 21 and has listed the matter for hearing on June 18.»

Also Read | Samco baffled by post election rally; liked Jubilant Food, Metropolis, Mamaearth, Senco in mid/smallcap spaceEASA spokesperson Janet Northcote stated, “EASA will investigate further the root cause of the document traceability issue and continue to closely monitor any new developments that could lead to a potentially unsafe condition in the fleet," as quoted by Bloomberg.Also Read | Latest Market News Today Live Updates June 15, 2024: Samco baffled by post election rally; liked Jubilant Food, Metropolis, Mamaearth, Senco in mid/smallcap spaceBoeing has assured us that it will remove any affected parts on aeroplanes prior to delivery and that the in-service fleet can continue to fly safely. “This industry-wide issue affects some shipments of titanium received by a limited set of suppliers, and tests performed to date have indicated that the correct titanium alloy was used," the company said," as quoted by Bloomberg.An Airbus spokesperson confirmed awareness of the situation and noted that numerous tests on parts from the same supplier confirmed the A220’s airworthiness remains intact.Also Read | Mumbai-Ahmedabad NH traffic chaos: Viral video shows vehicles crawling on highway, netizens call it ‘peak corruption’The integrity of every component used in the aviation industry relies on verified provenance to ensure safety and structural integrity.

parliament re-elected the African National Congress's President Cyril Ramaphosa as president on Friday during the first sitting of the National Assembly of the 7th Parliament. In a post on X, the ruling party of South Africa, the ANC, disclosed that Ramaphosa has been re -elected as president.

Agriculture, Consumer Durables, Insurance and Services,” says Kush Gupta, Director at SKG Investment & Advisory. In an interview with ETMarkets, Gupta said: “The new government would enhance capital expenditure, above normal monsoon are expected to support agriculture, Crude oil prices have come down which should support inflation,” Edited excerpts: