Election Financial News

Congress on Thursday listed 15 descriptions of PM Narendra Modi under the title "Kaun hain Narendra Modi?" (Who is Narendra Modi?). These descriptions include allegations that the PM misled the public with trivial issues such as mutton, fish, mangalsutra, and buffalo during elections. Congress has listed 15 reasons explaining 'Kaun hain Narendra Modi?' in the eyes of new India:

The 2024 Lok Sabha election concluded with the Bharatiya Janata Party-led alliance securing a majority. However, the disparity between exit polls and the actual results led to a sharp market surprise. As investors navigate the resulting volatility, it’s crucial to adopt strategies grounded in behavioural finance. Here’s how to maintain a resilient and growth-oriented investment approach.

Wion and News 18, reported that Muizzu has been invited to attend caretaker PM Modi's oath ceremony likely to held on June 9.However, there has been no official confirmation, either from the Indian or the Maldivian side, as of now.If the news hold true, this will would be Mohamed Muizzu's first visit to India after becoming Maldives President last year. The development would be crucial in the backdrop of the India-Maldives diplomatic row since January.ALSO READ: Indian military exits from Maldives at President Mohamed Muizzu's requestNarendra Modi is set to form the government in India for the third consecutive term after the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) won over 290 seats in the Lok Sabha Elections 2024.

Rajesh Rathore won in Sitapur. However, according to a Times of India report, the locals didn't recall knowing Rajesh Rathore until before the elections. In Sitapur, Congress leader Rajesh Rathore defeated veteran Rajesh Verma, a BJP leader.

Also Read: From Monsoon to rate cut: 5 crucial triggers for Indian stock marketOverall, in the last three sessions, the Nifty FMCG index has gained 6.40%, with 6 out of 15 constituents, including United Spirits, Godrej Consumer Products, Colgate-Palmolive, Marico, Dabur India, and Britannia Industries, touching new 52-week highs with gains ranging between 4% and 8%. The spike in FMCG stocks was fueled by the positive forecast for monsoon rainfall, which is anticipated to strengthen rural recovery.

victory margin in the recently concluded Parliamentary elections in Tamil Nadu. Senthil, the Congress candidate for Tiruvallur Lok Sabha seat, defeated BJP's V Pon Balaganapathy by a whopping margin of 5,72,155 votes, according to the Election Commission.

Lok Sabha elections in Jammu and Kashmir, a staggering 89 out of 100 candidates lost their security deposits, reflecting a significant disparity in votes garnered. The Election Commission data highlighted a decisive mandate given by voters to the eventual winners across the union territory.

Also Read: Poll Position: Has the story unraveled for ‘narrative stocks’?Meanwhile, automobile sales volume in May demonstrated robust performance in the SUV segment and showed some positive trends in the Commercial Vehicles (CVs) sector. Year-to-date (YTD) growth for two-wheelers and SUVs was strong, driven by improved consumer sentiment, successful absorption of price hikes, new model launches, and a gradual revival of rural markets, according to analysts.Two-wheeler exports experienced notable year-over-year (YoY) growth despite challenges posed by the Red Sea crisis.

Agniveer scheme for recruitment into the rank and file of the Armed Forces impacted the Lok Sabha election result. Under this scheme, youth are recruited for four years.

Century Textiles and Industries, the real estate venture of the Aditya Birla Group, surged 13.70% in early trading today to reach ₹2,094 apiece. This spike followed the company's announcement that its wholly-owned subsidiary, Birla Estates, has entered into a joint venture with Barmalt India Pvt.

Also Read: BHEL share price jumps 14%, rises 19% in two days. More steam left?Cochin Shipyard shares halted a three-day losing streak by rallying 10% to ₹1,853 in today's intraday session.

With the Bharatiya Janata Party-led National Democratic Alliance winning a third consecutive term, Prime Minister Narendra Modi is all set to remain the longest-serving G20 leader after Russia’s Vladimir Putin and China’s Xi Jinping for five more years. As of 6 June 2024, Modi had served 3,664 days in office since being sworn in as India's prime minister on 26 May 2014. He is already the third-longest serving G20 leader, and will extend his record.

The seven-phase general election was a stupendous achievement by any measure and places India firmly on the global map of sturdy democracies. However, the process carried a high cost in the midst of a torrid heat wave gripping much of the country. A shocking total of 43 staff, on duty on the last day of polling in Uttar Pradesh and Bihar, are reported to have succumbed to the heat.

Warren Buffett, sat down for an interview with American public broadcaster PBS. He was asked a range of questions about his investment philosophy, state of the economy and his outlook for the country. Finally, when he was quizzed about the stock markets, Buffett condensed over 70 years of his investing wisdom into a couple of pithy sentences.

Also Read: PSU Bank index jumps 4.4% on BJP-led NDA govt confirmation“We expect the AUM growth trend to continue in FY25, registering 16-27% for most players, though we expect some impact of elections on overall disbursement in segments like Commercial Vehicles (CV) and CE leading to a softer Q1FY25. However, a good monsoon and increased infra spend by the government would result in strong rural & urban demand across segments like Vehicle, MSME, and Mortgage," Singh said in a note.However, margins remained under pressure for most NBFC on account of repricing of lower-rate borrowings.

Read here: CLSA reshuffles India portfolio post election results; drops L&T, adds HCL TechAll PSU Bank constituents were trading in the green in intra-day deals today with Indian Overseas Bank, CBI, Union Bank of India and Bank of Maharashtra rising over 5 percent each. Meanwhile, Indian Bank, SBI, Bank of Baroda, Punjab and Sind Bank, UCO Bank gained between 4-5 percent each.Other stocks Canara Bank, Bank of India, Punjab National Bank also added over 3 percent each.The index has jumped 72 percent in the last one year and 28 percent and 28 percent in 2024 YTD.

Shiv Sena (UBT) to “fatwas", saying Muslim voters were convinced that former CM Uddhav Thackeray has “forsaken" Hindutva ideologies. “The fatwas helped Shiv Sena (UBT) win seats in Mumbai.

Also Read: Maharashtra election results 2024: Devendra Fadnavis takes ‘responsibility for loss’, offers to quit as Deputy CM“Such gimmick is common in politics...Maharashtra rejected the leadership of Fadnavis...Devendra Fadnavis is the villain of Maharashtra politics, BJP met with a bad fate in Maharashtra because of him...he poisoned the political culture of Maharashtra and he paying for it now," Sanjay Raut told ANI in an interview.Also Read: Bengaluru water supply cut alert! BSWWB warns of water shortage on THESE daysThe BJP failed miserably in Maharashtra in the Lok Sabha Elections 2024. The saffron party managed to win only nine seats in the state this time, compared to 23 won in previous general elections.

Right-wing nationalist parties look set to surge in elections across Europe this week, but the shock wave will travel slowly due to rifts among the political forces. Many of the parties see former President Donald Trump as a model. They pledge to peel back Brussels’ power and shift European Union policy on hot-button issues including migration and climate policies.

Chinese visa scam case: Delhi's Rouse Avenue Court has on June 6, granted “regular bail" to Congress leader Karti P Chidambaram in money laundering case, ANI reported.Earlier in April, Justice Kaveri Baweja, Special judge for Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) cases had granted interim bail to three accused in the case on personal bonds of ₹1 lakh each, as per a PTI report. Track | Lok Sabha Election Results 2024 LIVE Updates hereThese included Chidambaram's former chartered accountant S Bhaskararaman, besides Vikas Makharia and Mansoor Siddiqi, it added.The ED has registered a money laundering case against Karti Chidambaram and other accused in the alleged scam pertaining to issuance of visa to 263 Chinese nationals in 2011 when his father and senior Congress leader P Chidambaram was the Union Home Minister.Also Read | Nitish Kumar's two-word advice to Narendra Modi at NDA meeting: ‘Jaldi Kijiye’As per the ED, the volume of the laundered money is yet to be established and the alleged payment of ₹50 lakh bribe, as mentioned in the CBl case, cannot be considered as the basis of the present case.The ED registered its case under the provisions of the Prevention of Money Laundering Act (PMLA) following an FIR lodged by the CBI in the same case.Chidambaram was latest in the news for defeating AIADMK's Xavierdass by a margin of 2,05,664 votes from Sivaganga Lok Sabha constituency in Tamil Nadu in the just concluded General Elections.Also Read | Bill Gates memoir 'Source Code' next year: Early years, nearly being kicked out of Harvard, Microsoft & more…Chidambaram won Sivaganga Lok Sabha seat with 4,27,677 votes on June 4.

BJP leaders have begun serious introspection into the reasons that led to the disappointing performance. Party office bearers maintain that while Prime Minister Narendra Modi has almost maintained his popularity among the voters, several mistakes in candidate selection across states and the growing perception among Dalits that the BJP will re-write the constitution if it achieves “400 par” target are the primary reasons for its dismal performance.