Election Financial News

water left in five out of 11 major reservoirs in Maharashtra's Marathwada region, while the Jayakwadi dam, the biggest of them, currently holds only four per cent of its total storage capacity, officials said on Friday.

arbitration institutions is not sufficient and we have to ensure that these dispute resolution hubs are not controlled by a "self-perpetrating clique", Chief Justice D Y Chandrachud has said. Speaking at the Supreme Court of the United Kingdom, Chandrachud said now is the time for countries such as India to step up to the occasion to create and promote a culture of commercial arbitration and the robust institutionalisation of arbitration will further the culture of arbitration in the Global South.

Delhi court on Friday reserved for July 1 its order on the quantum of sentence against activist Medha Patkar in a defamation case lodged against her by Delhi Lieutenant Governor V K Saxena when he headed an NGO in Gujarat. Metropolitan Magistrate Raghav Sharma reserved the order after noting that the Delhi Legal Services Authority (DLSA) submitted a victim impact report (VIR).

short positions by FPIs have resulted in lower double-digit positive return possibilities for the Nifty in a year, believes domestic brokerage firm ICICI Securities, while stating that rising fear in terms of high VIX. “Our one-year forward (May’25) target for NIFTY50 stands at 24,900 (20x P/E multiple) and implies a ~10% upside, against the long-term expected returns of 14%,” said ICICI Securities in a report.

cricket fans, business tycoon Anand Mahindra was also in a jovial mood as the American cricket team vanquished its Pakistani counterpart in a Super Over finish at the 2024 T20 World Cup game in Texas on Thursday.

India's strong growth is leading to a trend of 'reverse flipping' as domestic startups that once used to move abroad for capital access and tax benefits are now returning home, a top government official has said. Commerce Secretary Sunil Barthwal also said that the digital economy along with emerging technologies like AI and the rise of data centres were key to future Indian growth.

Ministry of Commerce and Industry took center stage at the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum, held at the iconic Marina Bay Sands in Singapore.

Yemen's Houthi rebels under unclear circumstances, authorities said Friday, as the rebels face increasing financial pressure and airstrikes from a US-led coalition. Others working for aid groups also likely have been taken. The detentions come as the Houthis, who seized Yemen's capital nearly a decade ago and have been fighting a Saudi-led coalition since shortly after, have been targeting shipping throughout the Red Sea corridor over the Israel-Hamas war in the Gaza Strip.

«I think primarily it is the NBFCs which is there, which actually the NBFC MFIs where this issue is in terms of the higher rates. Spandana has announced that they are going to cut rates. So, we are seeing this trend across all the MFIs. And it should play out for the other MFIs also over the course of next few quarters,» says Viral Shah, Vice President, IIFL Securities. Let us start with that comment that has come in. What is it in terms of the risk that has comes out for the NBFC? Is it much of a concern? How are you seeing? Yes, they have cautioned this before, but how do you see this now shaping up? I think RBI's pattern in terms of incrementally dealing with all the regulated entities is quite set. They have highlighted this issue quite sometimes. The deputy governors have highlighted it in their interactions. And today we had a comment from the governor himself. So, I think this is one key area that should be on focus and he has specifically called out the MFI sub-segment and that is a place where we believe that some of the higher rate lenders will have to take a rate cut. In fact, a couple of them have already announced that they are going to take between 50-70 odd basis points of rate cuts over the next few quarters.

Humanoid Robot Developer Conference watched in fascinated unease.

Chahat Fateh Ali Khan, who recently shot to fame with his viral song 'Bado Badi,' has faced a significant setback. His popular music video, which quickly garnered millions of views, has been removed from YouTube due to copyright infringement allegations. The catchy tune, featuring the hook 'Aye haye Oye Hoye, Bado Badi,' gained immense popularity among youngsters and social media users.

Indian stocks. If you remember, we wrote to you about ‘Modi stocks’ recently and their stellar show just before the election results. Now, with the elections done and dusted, two stocks related to the TDP have taken centerstage.

Telugu Desam Party (TDP) supremo Chandrababu Naidu on Friday heaped praises for the BJP leader and Prime Minister of India, Narendra Modi, calling him the right leader at the right time.

«Possibly policymaking will have to adjust to those realities, which we were not thinking about going into the election. So, these are the new things that they need to react,» says Vikash Kumar Jain, CLSA Investment Analyst. Good note you guys have come out with on the focus on Modi 3.0. I mean, that is clearly the one single biggest area of interest of the market right now. And within that, of course, formation of the cabinet and the agenda to be taken up. What are your thoughts could be the priority areas in the coalition? I think there are a couple of realities that the new government will have to deal with.

Reserve Bank of India has drawn up a reform agenda to be achieved on its centenary, a decade down the line as it aspires to be a role model for the central banks in the developing world.

Nitish Kumar on Friday vowed to support Prime Minister Narendra Modi to form the new government at the centre and said that his party will always be with National Democratic Alliance (NDA).

Addressing Investment Week's Future of Investment Festival on Wednesday (5 June), Crerar looked ahead at what life in a country and economy led by Keir Starmer and Rachel Reeves would look and be like, if Labour was to win the General Election. For some, the election pendulum may have already reached its point of no return, as the path towards a Labour victory becomes increasingly clear. Crerar urged the Labour Party to remain cautious, insisting the Tories still believe «the Labour vote remains soft, there is no great love for Keir Starmer and plenty of ‘do not knows' up for grabs».  ...

Altmann, a member of the House of Lords, initially introduced her bill in November 2023. After successfully passing through all three readings in the upper chamber, the bill was scheduled to be sent to the House of Commons for debate. However, Altmann confirmed to Investment Week the bill had not been transferred over before Sunak called a general election, meaning it was not up for inclusion in the 'washup'. All public bills that have not completed their parliamentary stages are effectively dropped and have to start again from the beginning, a parliamentary spokesperson explained. ...

interest rates by exploiting the freedom the regulator offered after pushback from states in the past.

Chirag Paswan was elected as the LJP (Ram Vilas) Parliamentary Party leader after a meeting held at his residence here in Delhi on Friday.