Election Financial News

₹6,000 crore amid ongoing general elections in the country. Also read: Indegene IPO: What does GMP signal ahead of share listing on Monday? “What's noteworthy is the robust domestic inflow, particularly with retail investors showing keen interest in equity markets. This surge in retail participation is empowering issuers to confidently launch IPOs in May," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt.

Arvind Kejriwal will hold a meeting with the Aam Aadmi Party MLAs in the national capital on Sunday. This will be his first meeting with legislatures after he walked out of Tihar Jail post the Supreme Court decision of granting him interim bail till June 1. In a post on X, CM Arvind Kejriwal wrote, «11 am — MLA meeting 1 pm — press conference at party office, 4 pm — Road Show — New Delhi Lok Sabha — Moti Nagar 6 pm — Road Show — West Delhi Lok Sabha — Uttam Nagar. All of you have to come.» Meanwhile, Aam Aadmi Party Chhatra Yuva Sangharsh Samiti organised the 'Jail Ka Jawab Vote Se' cyclathon in the national capital.

Nifty 50 ended with weekly declines of 2.6% amid significant volatility where the India VIX shot up to a 52-week high. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. «Indian stocks witnessed a sharp correction after reaching record highs. Investor sentiment turned cautious due to the upcoming elections and aggressive selling by foreign institutional investors (FIIs). This selling pressure overshadowed a strong performance in global markets, keeping domestic indices under pressure throughout the week,» said Santosh Meena, Head of Research at Swastika Investmart.

Arvind Kejriwal over his «retirement at 75 years of age» remark on Prime Minister Modi, Uttar Pradesh Chief Minister Yogi Adityanath said that knowing their defeat in the Lok Sabha elections, desperate opposition making futile attempts. Earlier, Kejriwal claimed that PM Modi after turning 75 next year will make way for Home Minister Amit Shah and also alleged Chief Minister Yogi Adityanath will be left out in the cold after the general elections. In his post on X, CM Yogi said, «The entire propaganda of the opposition has failed in the face of the immense public support that the Prime Minister of India, Narendra Modi ji is receiving from East to West and North to South. Knowing that its defeat in the Lok Sabha elections is certain, the desperate opposition is making futile attempts to launch attack by using the excuse of Modi ji's age.»

BJP would not be able to win Odisha in the next 10 years, Chief Minister Naveen Patnaik on Saturday claimed his BJD would return to power for the sixth consecutive time after the assembly elections. Patnaik was reacting to PM Narendra Modi telling an election rally earlier in the day that the swearing-in ceremony of a «BJP chief minister» will be held in Bhubaneswar on June 10. «Nothing will happen on June 10. BJP will not be able to win the hearts of the people in the next 10 years, forget about June 10,» the chief minister said, maintaining that the BJD will form the government in Odisha for the sixth consecutive time. He also questioned why Biju Patnaik was not being considered for Bharat Ratna.

security arrangements for the May 13 polling in Srinagar Lok Sabha constituency, even as political parties expressed concern that their workers are being harassed by police. The Srinagar Lok Sabha constituency with about 17.4 lakh voters, including 2 lakh first-time voters, is spread over 18 Assembly segments in the four districts of Ganderbal, Srinagar, Pulwama and Budgam, where voting will take place at 2,135 polling stations. The administration has deployed police and paramilitary forces on all major roads and erected checkpoints in the constituency. Election Commission of India mandated security has been placed around polling stations as well.

₹21,000 crore mark. We have liberated the country from legacy issues. Be it huge NPAs endangering the Indian banking system or abrogating Article 370 ushering a new era of peace in Jammu & Kashmir.

Top Events of the Day: PM Modi will hold four rallies in West Bengal. Additionally, he would be in Patna, Bihar for a road show. Canadian authorities have detained a fourth suspect, 22-year-old Amandeep Singh, in connection with the murder of Hardeep Singh Nijjar, who was designated a terrorist and more Prime Minister Narendra Modi, who arrived in Kolkata from Jharkhand last night, is set to address four election rallies in West Bengal today.

J&K – is among the 96 constituencies going to polls in the fourth phase of Lok Sabha elections 2024 on Monday, May 13. The Lok Sabha Elections 2024 are the first general elections in the erstwhile state since the abrogation of Article 370 of the Constitution in August 2019 by the Bharatiya Janata Party(BJP)-ruled centre. The abrogation stripped Jammu and Kashmir of its special status.

Donald Trump pledged to double down on tax cuts if he wins a second term as president, drawing a distinction with President Joe Biden who has called for tax hikes on businesses and the richest Americans. “Instead of a Biden tax hike, I’ll give you a Trump middle class, upper class, lower class, business class big tax cut," Trump said at a rally Saturday in Wildwood on the New Jersey shore.

consumer goods manufacturers said demand for necessities has bucked the uncertain trend that's typical in an election season, growing at a record pace. However, retailers said the seven-phase, April 19-June 1 polls with voting days around weekends has led to some disruptions despite the solid recovery in March and April. The heatwave, early summer vacations and political rallies have boosted sales of cooling appliances as well as out-of-home consumption of small packs of biscuits, juices and snacks, apart from packaged water, an absolute necessity. AC maker Blue Star managing director B Thiagarajan said on its earnings call last week that it can be difficult to anticipate demand during an election season. From the fourth week of March, there was a surge in demand and AC sales shot up 70-90% in April from the year earlier. Leading biscuit maker Parle Products senior category head B Krishna Rao told ET there has been a 15-18% jump in sales of Rs 5 and Rs 10 packs of biscuits and snacks since April due to higher out-of-home consumption led by political rallies.

massive outflows by foreign investors and the significant rise in the market's volatility index. Majority of the analysts say that weak sentiments will likely continue till the election results in the absence of any major positive triggers. In the third week of May, investors will keenly eye the ongoing the January-March quarter results for fiscal 2023-24 (Q4FY24), domestic and global macroeconomic data, foreign fund outflows, crude oil prices, and global cues.

Arvind Kejriwal's bail plea. Arvind Kejriwal, who was lodged in Tihar jail in connection with Delhi Excise policy 'scam' case, was released on interim bail on Friday, May 10. The Supreme Court had granted him bail till June 1, allowing him to campaign for the Lok Sabha Elections 2024.

Arvind Kejriwal predicted the Bharatiya Janata Party's (BJP) loss in the Lok Sabha Elections 2024 and said the party will be "wiped out in Punjab and Delhi". While addressing the public during a roadshow in Delhi on Saturday, Kejriwal said that on June 4, PM Modi's government will not come to power, but instead, the INDIA bloc government, of which the Aam Aadmi Party (AAP) will be a part, will be formed. He added that everyone is saying the BJP is not getting the majority, "their seats are decreasing in Haryana, Rajasthan, Karnataka, Maharashtra, West Bengal, Bihar, and Uttar Pradesh".

Kejriwal got interim bail to campaign for the Lok Sabha elections, the AAP convenor accused Prime Minister Narendra Modi of attempting to «crush» not only the opposition but also his own party's leadership to propagate the idea of «One Nation, One Leader». Addressing a press conference, which resembled an election rally with supporters crowding AAP headquarters on Deen Dayal Upadhyay Marg, Kejriwal said: «Why did you arrest Kejriwal? With this arrest you have given a message to the country — if I can arrest Kejriwal, I can arrest you also, I can arrest anyone.» He said the Prime Minister was on a very dangerous mission. «This mission is called 'One Nation One Leader'. He wants to finish all leaders through this. The entire opposition will be put behind bars and then he will finish the politics of BJP leaders,» he said, adding: «If they win the election, you take it in writing on an affidavit from me, Mamata didi will be behind bars, Uddhav Thackeray, Tejaswi Yadav, MK Stalin — everybody will be behind bars. I am here to beg from 140 crore — save my country, save my India from this dictatorship.»

North Korea may be a little irked with President Biden as he, during the Presidential campaign reception in California, wrongly identified Kim Jong Un's nationality and country of leadership, according to an NY Post report.

Panama is on the verge of a dramatic change to its immigration policy that could reverberate from the dense Darien jungle to the US border. President-elect Jose Raul Mulino says he will shut down a migration route used by more than 500,000 people last year. Until now, Panama has helped speedily bus the migrants across its territory so they can continue their journey north. Whether Mulino is able to reduce migration through a sparsely populated region with little government presence remains to be seen, experts say.

New Delhi: In the wake of Congress leader Mani Shankar Aiyar's remarks that Pakistan should be treated with caution as it also has the atom bomb, Prime Minister Narendra Modi said on Saturday that Congress did not act against the neighbouring country due to the fear of losing its vote bank (read Muslims) in India. «Congress repeatedly tries to scare our country. They say tread cautiously, Pakistan has an atom bomb. These virtually dead people are killing the minds of the people too. Congress has this attitude- they talk about Pakistan's bomb when the situation there is such that it cannot handle the bomb. It is out to sell it and there are no buyers. People know the quality is worthless and doesn't sell. Due to this weak attitude of Congress the people of Kashmir faced terrorism for 60 years, and the country faced many terror attacks,» the prime minister said at a public meeting in Odisha. Campaigning in Odisha, Modi held election rallies in Kandhamal, Bolangir and Bargarh. He also addressed a rally in Chatra, Jharkhand.

Kolkata: Demanding the resignation of West Bengal governor CV Ananda Bose, chief minister Mamata Banerjee said on Saturday that she would never go to the Raj Bhawan or sit next to Bose as she felt «sitting beside him is a sin». Banerjee's statement comes in the backdrop of an allegation of molestation levelled against him by a female employee of the Raj Bhawan. Speaking at an election rally at Hooghly, the Trinamool Congress supremo said she would never visit the governor at the Raj Bhawan.

Misa Bharti on Saturday said that Bharatiya Janata Party did not fulfill any of the poll promises it made in the past 10 years, adding that it also fooled the people of Bihar by making false promises. Speaking to ANI, Misa Bharti said, «They (NDA-BJP) have not fulfilled any of their promises in the past 10 years. They have fooled the people of Bihar by making false promises. Where are the 2 crore jobs that they promised? They are asking for one more chance but are not revealing their vision. On what basis are they asking for another chance? The people of the nation are witnessing all this and will answer this.» Misa Bharti further stated that the NDA alliance is not winning any seats in Bihar in the already concluded first three phases of the Lok Sabha polls.

Munger Lok Sabha seat is all set to test the popularity of chief minister Nitish Kumar among the OBCs, particularly his own caste Kurmi. Reason: Opposition RJD has fielded a strong OBC candidate here in Anita Devi, wife of convicted criminal Ashok Mahto. Mahto is a Kurmi and Devi a Dhanuk. Dhanuk and Kurmi are a socio-politically united combination. Now, out of the five assembly seats under the present Munger Lok Sabha seat, two — Barh and Mokama — were part of the erstwhile Barh Lok Sabha constituency represented by Nitish Kumar for five terms in the past.