Election Financial News

Speaking at a press conference outside of Number 10 Downing Street today (22 May), the Prime Minister said he has asked King Charles III to dissolve parliament to hold a General Election on 4 July 2024, which was granted. Sunak said over the last four years, the UK has gone through some of the «darkest days», from a global pandemic to «war returning to Europe». However, he noted «economic stability is the bedrock of any future success», and as the UK economy is currently growing faster than predicted and many developed economies, and with inflation «back to normal», he decided to call...

Maneka Gandhi, BJP candidate and sitting MP from Sultanpur, emphasized her primary concern for her son Varun Gandhi’s happiness amidst ongoing political speculations. Varun Gandhi, who has been seen as distancing himself from the BJP since 2019, was notably absent from the BJP ticket list for the 2024 Lok Sabha elections. I just want to see him (Varun Gandhi) happy: Maneka Gandhi Addressing the media, Maneka Gandhi said, «I just want to see him (Varun Gandhi) happy, and what more can one ask from life.» She clarified Varun's absence from the Pilibhit constituency race, a seat he has held three times, stating his commitment to supporting her campaign in Sultanpur.

Opposition parties have been critical, of course, about the Bharatiya Janata Party and Prime Minister Narendra Modi for the recent electoral discourse, which they say is 'communal and polarising'. Yet, India’s top leader remains unfettered. The BJP stalwart believes he is merely showing the INDIA bloc a mirror. In an interview with The Economic Times, PM Modi spurned the allegations of the 2024 Lok Sabha campaign turning communal, polarising. «Perhaps, you find it polarising because you have not examined the crux of the matter. What is truly communal and polarising is the Congress party’s manifesto, their issues and their intent. It is my duty to expose them. Just because I am exposing them, you think it is polarising,» Modi said.

INDIA bloc, comprising Congress and the Aam Aadmi Party (AAP). The national capital will vote in a single phase for all seven constituencies on May 25 in the ongoing Lok Sabha elections. Several restrictions, including a 48-hour ban on liquor sales, have been imposed, given the polling in Delhi on Saturday.

UK General Elections 2024: United Kingdom's Prime Minister Rishi Sunak called a snap general election on July 4. In a statement from Downing Street on May 22, Sunak said he spoke to King Charles earlier that day to request the dissolution of Parliament for a general election.

Uttarakhand BJP has lodged a police complaint against the Aam Aadmi Party, accusing it of tarnishing the image of Chief Minister Pushkar Singh Dhami and the party by posting an edited video of him on social media. On the complaint of Pradesh BJP IT cell co-convenor Praveen Lekhwar, an FIR was filed at the Dalanwala Police Station in Dehradun in the matter on Wednesday, state BJP media in-charge Manveer Chauhan said. Click here to participate in our Lok Sabha Elections Survey to gauge the mood of the nation A video of Dhami was tampered with and circulated on Instagram by AAP's social media cell as part of a conspiracy to tarnish the image of Dhami and the BJP, Lekhwar alleged in his complaint.

Siddaramaiah writes to PM Modi to cancel Hassan MP's diplomatic passportA Special Court for Elected Representatives issued an arrest warrant on Saturday against Prajwal following an application moved by the SIT.Concurrently, Karnataka Chief Minister Siddaramaiah has also written to Prime Minister Narendra Modi, requesting him to cancel Hassan MP Revanna's passport.The Karnataka CXM said that it is shameful that Revanna fled the country on April 27, 2024, to Germany using his diplomatic passport shortly after news of his heinous actions emerged and just a few hours before the first FIR was filed against him.Prajwal Revanna case: No objection to action against grandson, says Deve Gowda"I write to you once again to draw attention to the grave series of incidents that Prajwal Revanna has been accused of committing. These incidents have not only shocked the conscience of the people of the State of Karnataka but have also caused a nationwide concern," he said.Prajwal Revanna and his father HD Revanna are facing a probe by an SIT constituted by the Karnataka government over allegations of sexual harassment and criminal intimidation following a complaint by a woman who worked in their household.HD Revanna leaves jail today on conditional bail | WatchRecently Bengaluru court granted interim bail to HD Revanna after he secured a conditional bail in the kidnapping case linked to the 'obscene video' case.The main plea bail will be heard on Friday at 3 pm.Prjawal is the grandson of former India's Prime Minister HD Deve Gowda.Prajwal, who contested as the NDA candidate in the polls from Hassan, reportedly left the country on April 27, a day after the polls.

Also Read: Lok Sabha Election 2024: Complete list of 58 seats voting in Phase 6 on May 25As a first-time observer of Lok Sabha elections in the country, Garcetti has called the stupendous execution of Lok Sabha elections campaigning and voting “very inspiring".“It's extraordinary to see the world's largest democracy execute the biggest election in the world and we've seen incredible, vibrant campaigning, we've seen parties, we've seen rallies, and it's something, just as a first-time observer, that is very inspiring to see. So, you know, I wish India and Indians luck," Garcetti told ANI in an interview.

Gurmeet Chadha, Managing Partner & CIO, Complete Circle Consultants, says None of the FMCG names are less than 50-60 times. So, if they fail to deliver on double-digit volume growth and margin expansion, one has to be a little careful because a lot of the profit growth has come from realisations and not as much as from volume. So, one has to be a little selective. We are more keen on adding the likes of ITC, Tata Consumer in the portfolio in that space. The commentary from most of the management has been pointing to a rural recovery, but would you buy the argument and buy afresh in these FMCG names? Gurmeet Chadha: It is a combination of commentary being good and elections also playing a role especially as the rural spending picks up. It is a bit of a form of mini-stimulus. In fact, there is a very interesting report which talks of that there is actually some bit of labour shortage in industrial states like Maharashtra, Gujarat, Tamil Nadu as people go back to rural areas during election time and there is election-related spending which actually leads to some bit of reflection in the rural sales as well, reflecting in FMCG numbers as well.

The consumer durables space should benefit from the pick-up in project completion of real estate, says Sachin Trivedi, Fund Manager — Equity, UTI AMC. He is also bullish on select private sector banks, auto, healthcare and capital goods sector. Edited excerpts from a chat on Q4 results, market valuations and sectoral choices: How would you sum up the March quarter earnings season? Which pockets of the market would you prefer to avoid after listening to the management commentary?

Lai Ching-te took over as the island’s new president.The drills on Thursday were intended to “serve as a strong punishment for the separatist acts of ‘Taiwan independence’ forces and a stern warning against the interference and provocation by external forces," the official Xinhua News Agency reported, citing a military spokesman.The “external references" line is likely a reference to the US, which is Taiwan’s main military backer. President Joe Biden has repeatedly said the US would defend the democracy of 23 million people if attacked, while China has pledged to bring Taiwan under its control, by force if necessary.The exercises ramp up pressure on Lai, who took office in the island that makes the bulk of the world’s most advanced chips on Monday.

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says he does not think there is anything wrong with the results season so far. The bank stocks have been victims of FII selling who have been using the banking sector as a very liquid and large overweight or overweight to neutral stance which they had to fund some of their moves into China. Once the bank sector starts to move, there is going to be a lot of short covering and there is a lot of buying to make up for some of the positions which have been lessened over the last month-and-a-half particularly by foreign investors. Do you think the quietness in the markets is a pre-election event? Andrew Holland: We seem to be in this range, which everyone has been talking about. But interestingly, I have noticed some of the defence stocks are starting to move and construction companies as well. There is a feeling that, once the elections are through, we are going to see a whole bunch of ordering over the three months afterwards, whether it is for defence contracts or construction contracts.

cyclone ‘Remal' alert for Odisha, Gujarat, Maharashtra, and West Bengal. A low-pressure area was formed over the southwest and adjoining west-central Bay of Bengal yesterday, May 22.The Met Office, in its latest bulletin, predicted that the cyclonic storm is likely to move northeastwards and concentrate into a depression over central parts of the Bay of Bengal by the morning of May 24.“It is likely to intensify further, move northeastwards and reach northeast and adjoining northwest Bay of Bengal by 25th May evening," the weather forecasting agency said.The IMD has also predicted moderate showers in North and South 24-Parganas along with East Midnapore on Saturday when the sixth phase of Lok Sabha elections is scheduled.“Light to moderate rainfall at many places with heavy rainfall at isolated places is likely over North and South 24 Parganas, East Medinipur districts of West Bengal and Balasore district of Odisha on May 25 and May 26.

Sensex rose 267.75 points to end at 74,221.06, while the Nifty 50 settled 68.75 points, or 0.31%, higher at 22,597.80.Nifty 50 formed a bullish candlestick pattern with a long lower shadow on the daily charts. This pattern indicates support-based buying interest.“On the daily chart, Nifty continues to hold above the 20 and 50 day SMA, which is a positive signal.

general elections enter their penultimate phase, the spotlight turns to Delhi's seven Lok Sabha seats. The BJP aims for another clean sweep, while Aam Aadmi Party (AAP) and Congress, allies in the INDIA bloc, seek to make significant inroads. AAP and Congress Form Alliance in Delhi AAP and Congress are contesting the elections as partners in the INDIA bloc, with AAP vying for four seats and Congress for three. The alliance also extends to one seat in Haryana and two in Gujarat, while opting for a friendly fight in Punjab.

dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials. Sterling remained firm after jumping to a one-month peak following hotter-than-expected inflation, and also drew support from the announcement of a UK parliamentary election for July 4.

US Elections 2024: Donald Trump pledges to roll back Joe Biden's gun regulations“Having said that, I stand by what I said in my suspension speech," Haley added. "Trump would be smart to reach out to the millions of people who voted for me and continue to support me and not assume that they're just going to be with him.

Agniveer scheme in poll season.Chidambaram's remark come a day after the poll panel asked the Congress party to ensure that its leaders don't indulge in ‘political propaganda’ involving activities of the defence forces.“ECI is wrong in directing the Congress party not to 'politicise' the Agniveer scheme. What does 'politicize' mean? Does the ECI mean 'criticise'?" Chidambaram, the former Union Home Minister, said in a post on X on May 23.The poll panel had also asked the party president Malikarjun Kharge to ensure that the leaders do not make statements which give ‘false impression’ that the Constitution "may be abolished or sold".

Top Events on May 23: Prime Minister Narendra Modi will start the Lok Sabha election campaign for the Bharatiya Janata Party (BJP) in Punjab on Thursday. Cyclone Remal forming in the Bay of Bengal is expected to impact Odisha today.

Gyanvapi and the Krishna Janmabhoomi case if the saffron party comes to power with over 400 seats in the Lok Sabha elections 2024. His remarks came during a public meeting in Jharkhand's Bokaro to support BJP candidate Dhullo Mahto. He listed the promises fulfilled by the Bharatiya Janata Party after winning more than 300 seats in the 2019 elections, saying Ram Lalla returned to his throne in Ayodhya on ‘Pran Pratishtha’ day, Article 370 was abrogated in Jammu and Kashmir, and CAA was brought to provide permanent Indian citizenship to minority Hindus from Pakistan, Afghanistan and Bangladesh.

liquidity, as measured by bank borrowings from the Reserve Bank of India (RBI), has widened to the highest level in four months as tax outflows and constraints on government spending amid elections have left lenders with a cash crunch, pushing up overnight borrowing costs. The latest RBI data showed that as of May 21, net liquidity injected into the banking system was at ₹2.55 lakh crore, the highest since January 30. Fund injections by the RBI reflect banks' borrowings from the central bank's liquidity windows.