Election Financial News

Modi government for the third consecutive time at the Centre, Prime Minister Narendra Modi will visit his parliamentary constituency of Varanasi for the first time on June 18. The PM will address a Kisan Sammelan in Varanasi during his one-day visit.

Rahul Gandhi on Wednesday said that the BJP-NDA government at the Centre was a «crippled» one as the opposition dealt a fatal blow to the saffron party in the 2024 Lok Sabha polls. Gandhi also said that the people of the country have sent a clear message to the BJP and Narendra Modi and therefore, the prime minister will now have to change his attitude.

Federal Reserve's policy decision and updated economic projections later in the day. The dollar had risen for three straight trading days after Friday's stronger than expected U.S. jobs report raised the prospect of inflation remaining sticky while growth stays strong, making the U.S. central bank less likely to cut interest rates in the coming months.

Rahul Gandhi with the revival of the Congress, party MP Gaurav Gogoi says he not only provided «moral and philosophical» leadership to the party but also set the narrative for the Lok Sabha polls which was reflected in the results. In an interaction with PTI editors, Gogoi recalled former Congress president Sonia Gandhi's «we will overcome» message at the Udaipur 'chintan shivir' of the party in May, 2022, to assert that the party had come a long way on the road to revival and was determined to move forward on that path.

Mohan Charan Majhi on Wednesday took oath as the 15th Chief Minister of Odisha in the presence of Indian Prime Minister Narendra Modi and other senior BJP leaders at the Janta Maidan in Bhubaneswar.

Rajeev Chandrasekhar said on Wednesday that ‘he is still a sipahi of Narendra Modi and working towards PM's mission of Viksit Bharat’Chandrasekhar said, "No I have not retired at all. In my social media post, I was relinquishing my 18 years of being an MP and now becoming a full-time party worker for the BJP and 'Sipahi' of Narendra Modi for working for his vision of Viksit Bharat.

What did you have for breakfast two days ago? Having breakfast is a routine affair. Not much thought goes into such a decision. So most of us would have forgotten the details of what we consumed as the first meal of that day.

2024 saw a close fight between the Bharatiya Janata Party (BJP) and the INDIA bloc in Uttar Pradesh, with the opposition ultimately winning 43 of the 81 seats. However, the outcome could change as at least six recently-elected Members of Parliament (MP) representing INDIA bloc from Uttar Pradesh face multiple criminal charges that could even lead to conviction.The most prominent among them is Ghazipur MP Afzal Ansari, who is the elder brother of gangster-turned-politician Mukhtar Ansari. Afzal won the election as an SP candidate.

Election Commission into remote corners of the country to airlifting EVMs, the IAF played a vital role in the recently-held general elections, with its aircraft flying more than 1,000 hours in over 1,750 sorties. The Indian Air Force on Wednesday shared details about the helping hand it lent to the electoral machinery in the conduct of the Lok Sabha polls.

«If I talk about the whole India story, as if it is a kind of you can say the Hollywood movie, I think the month of May was kind of a break wherein you had all sort of noise which kind of was an intermission in the whole India story which was unfolding,» says Aniruddha Sarkar, Quest Investment Advisors. Who will blink first in your view, the market or the investors. Everybody was expecting further lows, but it is not obliging the bulk of the participants, market. I would say that, obviously when you have all the noise around the election and the last couple of months, it was actually a very excellent time for the long-term investors because all the noise that gave so much good opportunity to enter into some of the good companies at such valuations which was not visible for the last six-seven months. So, having said that, I think if you look at the flow of the money of domestic investors, the answer to your question is that definitely the domestic investors have understood that on the panic days you deploy. In fact, it is very encouraging to see that on the date of the election results, the domestic fund flow was almost like massive, 22,000 crore, which was I would say was kind of a humongous number. So, having said that, I would say definitely FII money will come back.

The Mexican peso has continued to weaken as Mexico's outgoing president _ and his successor _vowed to forge ahead with some 20 constitutional changes that have rattled investors

Odisha CM Oath Ceremony LIVE Updates: Bharatiya Janata Party (BJP) MLA Mohan Charan Majhi will take the oath as Odisha Chief Minister on Wednesday evening. The tribal leader also met the outgoing CM and Biju Janata Dal (BJD) chief, Naveen Patnaik, and invited him to the swearing-in ceremony scheduled at 5 p.m. today.

₹30 trillion. While some traders could have made a killing on both Monday and Tuesday, the bulk of market players, including many small investors, lost large sums because they bought at high prices on Monday and sold in a panic on Tuesday. Several opposition politicians have asked for an investigation into the circumstances, including a Joint Parliamentary Committee probe, to determine if the projections released on 3 June were due to honest errors on the part of exit pollsters or deliberate market manipulation.

European Parliament elections have made many Europeans ask what the European Union (EU) has done for them since the last election in 2019. The fact that 27 countries choose to pool their sovereignty and build an economic, social and political partnership based on the shared values of peace, justice, respect and solidarity is unique in global history. It is a triumph that we should not take for granted, especially when so many people globally still yearn for the freedom to choose their government from a diverse array of candidates and parties.

Also Read: Stock market today: Nifty 50, Sensex end flat; midcaps, smallcaps continue their outperformanceNifty 50 has recovered its election result day losses and is consolidating above the result day’s high. On hourly charts, Nifty 50 is trying to form a cup and handle pattern on which dips towards 23,000 and is likely to get bought into for an upside target of 23,500 / 23,800.

A Silicon Valley-backed initiative to build a green city for up to 400,000 people in the San Francisco Bay Area has qualified for the Nov. 5 ballot

«The next important signpost, of course, for the market would be the 100-day plan and of course the budget which will show us the way forward. But I think all indications are that it will be more of a continuation with the sector leadership remaining the same rather than anything materially different,» says Trideep Bhattacharya, CIO-Equities, Edelweiss MF. Market also had a very quick and sharp haircut on Tuesday, but then rebound equally sharply, barely giving anybody to deploy extra capital which was sitting on the side. I want to understand from you that the way messages from the government side of continuity and all the five most strategic and core kind of ministries were retained by BJP, so there was no compulsion of a coalition kind of politics displayed when the portfolio allocation was happening. Is market really taking heart because market up till now has really liked the work done by our external affairs ministry, finance ministry, even oil and gas for that matter, on various stuff? I would say that the results of elections this time have been sensible rather than sensational and that is the direction of a policy direction going forward as well.

«No, we opted for slight shift, sector rotation into the consumption and like you mentioned the broader lower, the rural consumption. See, one of the things with coalitions is that you will definitely expect a little bit of more revenue expenditure to go down the thing,» says Sunil Subramaniam, MD & CEO, Sundaram Mutual. What is it that you have done in the last week? Were you a seller in Tuesday's weakness and then a buyer thereof or were you buying on Tuesday when everyone was in panic mode? Yes, we were continuous buyers. Because the panic was essentially a concern driven around the coalition dharma and how that would affect allocations the government to capex and all of those kind of worries, whether the government would indeed be strong, would the two main support partners of the NDA drift away or not.

Conservative Leader Pierre Poilievre said he will vote against the government’s proposal to raise the capital gains tax inclusion rate, ending weeks of speculation about where he would land on the issue.

Ashwini Vaishnaw: Union minister for Electronics and Information Technology

Hunter Biden on three counts of violation pertaining to a US Federal Gun law. Hunter Biden is the son of US President Joe Biden. This conviction has raised questions pertaining to the federal gun law, conviction arising out of the violations of this law and the upcoming US presidential elections in November.