Election Financial News

₹15,863 crores this month, is a significant current trend in the market. Despite their continued buying, DIIs are not as aggressive as they previously were because of some uncertainty over the election results. It's critical to recognise that, in addition to the high US bond yields there is now another driver driving FII selling.

Indian shares opened flat on Thursday following a mostly uneventful close in the previous session, as market sentiment remained subdued amid increasing volatility and selling pressure from foreign investors. The BSE Sensex was trading 41 points or 0.06% lower at 73,429. Nifty50 was trading at 22,295, down 8 points or 0.03% at around 9.20 am.

Sensex fell 45.46 points, or 0.06%, to close at 73,466.39, while the Nifty 50 settled flat at 22,302.50. “Consistent selling by FIIs, a mixed set of Q4 results, and lower turnout in the election kept investors wary. We expect the market to consolidate in a broader range amid nervousness surrounding the ongoing Lok Sabha election," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

2019 Lok Sabha elections. This number will be updated further, the poll panel said. The third phase of the election was held at 93 seats across 11 states and a Union Territory on May 7.

Nerves in Indian stock markets have grown taut in recent days. Although the broader S&P BSE Sensex has more or less been flat since Lok Sabha polling began on 19 April, the VIX index has shot up. This index conveys the level of volatility expected.

election? Now, a slew of offshore apps and websites — albeit operating illicitly in India — are offering a chance to wager on the outcome of the world’s largest electoral process. Bets that can run into lakhs of rupees are being made across a dozen apps and websites over the results, margins of victory and party showing, an analysis by ET showed.

government is planning a dedicated research and development (R&D) wing under the proposed India Semiconductor Research Centre (ISRC) that will focus on semiconductor research which can «quickly go into industrial production», sources told ET. «There is a need for both the private and public sector, especially in the semiconductor space to have full-time R&D personnel. The idea is to create an intellectual property right (IPR) driven manufacturing ecosystem. We might look at creating a structure where some of the R&D can be co-funded or in PPP mode,» a senior government official said.

Gandhinagar | New Delhi: India is in the «final stages» of negotiations with many countries to work out the modalities of settling trade in Indian rupees, Union home minister Amit Shah told ET in an exclusive interview, adding that this will be a major priority of the new government. «Matters have been put on hold due to elections but let me tell you we are in the final stages in our negotiations with many countries. This will be a priority for us in days to come,» he said in a detailed interview on board his flight back to Delhi from his constituency Gandhinagar, which went to the polls on Tuesday. On US President Joe Biden's remark that countries such as India, China, Russia and Japan were losing out on economic growth because of xenophobia, Shah said he had not seen Biden's comments in detail but pointed to India's growth trajectory over the past decade as evidence of its rising economic profile.

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Dahod Lok Sabha constituency, officials said on Wednesday. The Congress has claimed that the man, Vijay Bhabhor, is the son of a local BJP leader and accused him of «insulting democracy» by going live on Instagram from the booth. The police in the state's Mahisagar district detained Bhabhor and another man after the opposition complained to the Election Commission with a copy of the video. Though Babhor deleted the video after it drew criticism, the clip had gone viral on social media by then. The incident of a man relaying a video live on Instagram after going to a poll booth to cast his vote is being probed, Dahod Returning Officer Nirgude Babanrao said.

Modi caused a flutter on Wednesday when he alleged that Rahul Gandhi, who has consistently attacked the NDA government as being an Adani-Ambani dispensation and «suit-boot ki sarkar», has gone silent on the two business houses as he has received election funds from them. He also reacted to the controversial remarks made by Sam Pitroda and said that Congress was a racist party and these words were in poor taste. «You must have noticed that for the last five years, the Congress Shehzada (Rahul Gandhi) starts chanting the same thing from sunrise. Since his Rafale issue was grounded, he has started chanting a new slogan for the last five years — that there are five businessmen (who are the only ones gaining from Modi's rule). Then gradually, he moved to Ambani-Adani. But since the elections have been announced, he has stopped abusing Ambani-Adani,» Modi said at a BJP rally in Telangana. Gandhi has on several occasions alleged that Ambani and Adani groups have received undue favours from the Modi government while other business houses and the common people have suffered economically.

₹4,396 crore, against Bloomberg analysts' estimates of ₹4275 crore. Revenue for the quarter grew 15% to ₹67,079 crore. Earnings before interest, tax, depreciation and amortization (Ebitda) was 6% higher at ₹7,234 crore.

PM Modi asked if the Congress was receiving "tempo loads of black money" from Ambani and Adani. “Since his Rafale issue got grounded, he started chanting about 'five industrialists'. Then he started saying Ambani-Adani.

Bharatiya Janata Party (BJP) leaders, including Prime Minister Narendra Modi, used Pitroda's statement to corner the Congress party right in the middle of Lok Sabha Elections 2024. Speaking during an election rally in Telangana, the Prime Minister demanded a response from Congress leader Rahul Gandhi, saying that the country "won't tolerate disrespect on the basis of the colour of skin". Finance Minister Nirmala Sitharaman lashed out at Congress leader Sam Pitroda for his ‘racist’ remark, saying it reveals the mindset and attitude of Rahul Gandhi’s mentor.

Addressing a Lok Sabha election rally at Warangal in Telangana, PM Modi slammed the Congress party. The prime minister said: The Prime Minister was apparently referring to Congress leader Sam Pitroda's alleged comments that people in the East of India resembled the Chinese, while those from the South looked like Africans.

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“inheritance tax" statement which is still a hot topic among the BJP leaders during election rallies. Condemning Sam Pitroda's remarks, Himanta Biswa Sarma said, “After I heard Sam Pitroda's statement, I looked at myself in the mirror and I appear as a proud Assamese and Indian, not as a Chinese...This is a racist comment." Himanta Biswa Sarma also attacked Rahul Gandhi for not “disowning" Sam Pitroda yet. “There is one thing that those who are near Rahul Gandhi always insult the northeast.

Rajnath Singh on Wednesday claimed that poverty would be completely eradicated from India in the next 10-15 years and this is 'Modi Ki guarantee'. Singh said this while addressing the BJP's 'Vijay Sankalp' rally here in the district headquarters town of Kalahandi. «Though Congress leaders beginning from Pandit Jawahar Lal Nehru to Indira Gandhi and Manmohan Singh all have promised to end poverty, all of them have failed. However, our Prime Minister Narendra Modi has started the process to end poverty,» he said. Noting that about 25 crore people have been lifted from below the poverty line during the nine years rule of Modi, the Defence minister said that this was not the claim made by the BJP, but the report of Niti Aayog. No previous government had ever done so as Modi did in the last nine years, he claimed.

MUMBAI: The biennial election to four seats of the Maharashtra Legislative Council will be held on June 10, the Election Commission of India announced on Wednesday. Counting of votes will take place on June 13, an official release said here. The six-year tenure of the incumbent Members of Legislative Council (MLCs) will end on July 7. Of the seats going to polls, Mumbai teachers' and Mumbai graduates' constituencies are currently represented by Kapil Patil (Lok Bharati) and Vilas Potnis (Shiv Sena (UBT)).

JD(S) MP, Prajwal, fled to Germany after Karnataka State Commission for Women Nagalakshmi Chowdhary wrote to Chief Minister Siddaramaiah seeking an investigation into over obscene videos of Prajwal Revanna allegedly sexually abusing several women. He has also skipped summons issued by the SIT to appear before it.