Election Financial News

"ABB and Siemens have done extraordinarily well. They have delivered extraordinary results over the last few quarters and as such is reflected in the stock prices. So, these two and Thermax, etc, I think they are very excessively valued. So, the outlook might be good but then the valuations are very excessive here," says Sandip Sabharwal, asksandipsabharwal.com. Just wanted to revisit your thoughts on FMCG because you were constructive on some of these plays, like a Dabur for instance. Would you say deploy these kind of dips to perhaps add more positions? If reasonable dips come, one should, because the stock moved from 500 to straight 620, 630, so it is a 25% plus kind of move. Stocks, they normally do not move 25% so fast and these are typically stocks where you would be looking at mid-double digit or those kind of returns, like these are not stocks which are going to give you 50%, 100% kind of return.

Garibi hatao". Or match up to the machismo of “Ab ki baar 400 paar". Yet somehow the Constitution became the dark horse of the election.

6.7%: This is the average growth rate the World Bank has projected for the Indian economy from 2024 to 2026, making it the world’s fastest growing economy. In its latest Global Economic Prospects report, the World Bank projected growth rates of 6.6% for FY25, 6.7% for FY26 and 6.8% for FY27. In comparison, world growth is expected to be 2.6% in 2024 and 2.7% in 2025 and 2026.

Priyanka Gandhi Vadra's possible entry into electoral politics surged before the Lok Sabha elections, but was dashed when she opted not to run.However, NDTV reported citing sources on Thursday, that she may contest the bypoll for the Wayanad Lok Sabha seat if Rahul Gandhi steps down from the position.Also Read: ‘Yeh hui na baat…’: Priyanka Gandhi's first address after Congress win in Amethi, Rae Bareli for Lok Sabha ElectionsGandhi, who secured significant victories in the Lok Sabha elections from both the Raebareli and Wayanad constituencies, sparked further speculation about his sister's potential debut. Earlier on Tuesday, he said that Prime Minister Narendra Modi would have faced a larger defeat, “by two-three lakh votes," if his sister had contested against him in Varanasi.NDTV reported citing sources that Congress President Mallikarjun Kharge had urged the Gandhi siblings to decide on their electoral participation, expressing his preference for both to contest.

Netflix movie is currently in the works under the notable Kathryn Bigelow, who already has two Academy Awards to her name. The interesting part is that two leading Apple TV+ stars, Idris Elba and Rebecca Ferguson are currently eyeing the lead roles around this mega project, according to a latest Collider report. It is still not known who else is running point around this project but it is reportedly a thriller film set at the White House.

Relatively speaking, it’s been a rough couple of years for advisors with a value investing tilt.

Inflation in the US is reducing steadily though not substantially. This has raised questions about the worthiness of gold as an investment option. Many analysts have responded positively when asked about the option of investing in gold in the current scenario and the tendency for it to appreciate and yield high returns. Apart from the various economic reasons, many upcoming policy related decisions and current geopolitical risks support investments into this metal. Generally, gold is considered to be a safe investment option and many countries also hold on to the reserves, as part of a larger macro-economic framework. Inflation Cooling:

«The Boys» season 4 has a total of eight episodes. The show released on June 13 and its last episode will premier on July 18. While, first three episodes were released on June 13, upcoming episodes will drop on a weekly basis. «The Boys» season 4 episode 4 is arriving on June 20. Episode 5, 6, 7, and 8 will be released on June 27, July 4, July 11, and July 18.

Jake Paul has claimed that he would back former US President Donald Trump in the Presidential election, as per a report on Fox News. Paul in an interview with claimed that he would vote for Trump in the upcoming election in November. Paul also pointed out at inflation, price rise, minimum wage, mortgages, jobs, and health of citizens. Meanwhile, Donald Trump criticized U.S. aid to Ukraine and suggested raising tariffs to replace the U.S. income tax on a Thursday visit to Capitol Hill where he also called the city hosting his party's presidential convention «horrible.»

U.S. President Joe Biden says the agreement to tap into the windfall profits on frozen Russian assets held in Europe would put that money to work for Ukraine

New Yorkers and Californians seeking a big expansion to the state and local tax deduction when Congress debates a renewal of Donald Trump’s tax cuts next year are unlikely to see their wishes granted, President Joe Biden’s top economic adviser said.

NCP has nominated Sunetra Pawar for the Rajya Sabha bypoll from Maharashtra. Sunetra had lost the high-profile Lok Sabha election from Baramati against sister-in-law Supriya Sule, daughter of Sharad Pawar of the rival NCP-SP. The decision has caused rumblings within NCP as other leaders, including Chhagan Bhujbal, were keen to contest the bypoll.

Prime Minister Narendra Modi continued with the trend of giving primacy to continuity and experience, granting a five-year extension to Principal Secretary to PM, PK Mishra, and National Security Advisor Ajit Doval on Thursday. Two Advisors to PM — Amit Khare and Tarun Kapoor — have been re-appointed for another two years. Modi had reposed faith in his core team of Union ministers when he formed his Council of Ministers for the third consecutive term. The crucial Cabinet Committee on Security (CCS) has remained unchanged with Amit Shah (Home), Rajnath Singh (Defence), Nirmala Sitharaman (Finance) and S Jaishankar (External Affairs) continuing in the same role. Senior ministers like Nitin Gadkari, Piyush Goyal, Dharmendra Pradhan, Virendra Kumar, Ashwini Vaishnaw and others have been given the same portfolio. The Appointments Committee of the Cabinet (ACC) approved the appointment of PK Mishra, IAS (retired), as Principal Secretary to the prime minister, with effect from June 10 and his term will be co-terminus with the term of the PM or until further orders. He has been assigned the rank of Cabinet Minister.

President Joe Biden’s grip on a key federal energy commission will last beyond his first term, giving a boost to the Democrat’s push for renewable energy regardless of the election results in November

South African lawmakers are expected to elect the country’s president on Friday after being sworn in at the first sitting of Parliament

The U.S. Supreme Court has ruled unanimously to preserve access to mifepristone, the drug most commonly used in medication abortions

The left-of-center politician aiming to become Britain’s prime minister in three weeks’ time is promising to lead a government that’s both “pro-business and pro-worker” and restore stability after years of economic and political turmoil

Rishi Sunak recently called for elections in Britain on America's Independence Day, while Emmanuel Macron snapped his fingers (thus the term 'snap polls') to call for the first round of elections on June 30 and the final run-off on July 7. Both gentlemen have called it from a position of weakness, the Brit almost certain to lose and the French likely to.

Amit Shah and former Telangana governor Tamilisai Soundararajan went viral on Wednesday, sparking speculation about a potential rift within the Tamil Nadu BJP. In the video, Shah is seen wagging his finger while speaking to Tamilisai during the swearing-in ceremony of new Andhra Pradesh Chief Minister Chandrababu Naidu in Vijayawada.

₹3,000 crore in Maharashtra, according to a recent announcement by the state’s Industries Minister, Uday Samant. The investment, confirmed during Samant's visit to Germany, is expected to significantly boost employment in the region.During his tour, Minister Samant engaged in discussions with senior executives of Mercedes Benz, exploring various avenues for investment within the state.

India will remain the region's fastest-growing economy, sustaining last year’s domestically driven momentum and its policy momentum is expected to continue as the new government takes charge with a reduced majority, according to ratings firm Moody’s. “We anticipate policy continuity after the general election, and a continued focus on infrastructure development and encouragement of private sector investment” the ratings firm said in a report. In the first half of calendar year 2024, Indonesia, Philippines and India led the way and should continue to outperform pre-COVID growth numbers on the back of rising exports, local demand and government spending lift.