Election Financial News

Pakistan, some others mocked, saying he should fight elections from Italy. On Sunday, Rajasthan BJP MLA Swami Balmukundacharya said Rahul Gandhi should contest elections from from his "maternal home" in Italy. "He must visit his maternal home and contest the elections there.

Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal

Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy

detained for questioning on Sunday as a massive search operation for terrorists behind the Indian Air Force (IAF) convoy attack in Jammu and Kashmir's Poonch district entered the second day, officials said. Additional Director General of Police, Jammu, Anand Jain and senior officers of the Army and intelligence agencies visited the ambush spot in the Surankote area. The Army also conducted aerial surveillance using a helicopter, they said. Five IAF personnel were injured in the attack on Saturday evening near Shahsitar and one of them later succumbed to injuries at a military hospital. The officials said a well-coordinated joint operation by the Army and the police was underway in many areas, including Shahsitar, Gursai, Sanai and Sheendara Top, to neutralise the terrorists.

Congress has filed a complaint to the Election Commission against BJP national president JP Nadda, social media in-charge Amit Malviya, and state chief BY Vijayendra for allegedly posting a video on social media aimed at «intimidating» members of Schedule Caste/ Schedule Tribe to not vote for Congress in the Lok Sabha polls. In a complaint filed to the Chief Electoral Officer in Bengaluru, the party also alleged the violation of the Model Code of Conduct (MCC) by using animated videos of Congress leader Rahul Gandhi and Karnataka Chief Minister Siddaramaiah by portraying the Congress party as favouring a particular religion (Muslims) and suppressing members of SC/STs and OBC communities, with the intention to create feelings of enmity, hatred and ill-will against members of the SC/ST community. Ramesh Babu, Chairman, Media and Communication of Karnataka Pradesh Congress Committee (KPCC), said in the complaint, "… the tenor of video… is in nature of intimidating persons belonging to SC/ST Community that leaders of Congress party are likely to favour Muslims at cost of SC/ST Community. Since, elections to Lok Sabha is being held on 07/05/2024 in 14 constituencies, the video post of BJP on their official social media handle is nothing but intimidating SC/ST community not to cast a vote to Congress. This is a clear case of intimidating SC/ST community members and further projecting SC/ST community people in a bad light showing them as 'Eggs' and being kicked by another religion i.e., Muslims."

Amethi candidate KL Sharma on Sunday said he was a 'pure politician' and not a servant of the family, adding that Union Minister Smriti Irani, who holds the seat currently, will be defeated in the ongoing Lok Sabha elections. Speaking to on Sunday, the Congress leader said, «It was a decision taken by the party high command. Nobody had been finalised as a candidate for this seat earlier. However, I can say with full confidence and conviction that I will defeat Smriti Irani. This is a big statement I am making today. 'Mai koi Naukri nahi kar raha Gandhi Parivar ki' (I am not a servant of Gandhi family here). I am a seasoned politician and have been so for many years now. I came here in 1983 through my association with the Youth Congress. I am not on the payroll of the Congress. I am a pure politician.» On the BJP's increased vote share in Amethi and Raebareli in the 2019 Lok Sabha elections, Sharma said it was a pass muster at distracting public attention from the 'real' issues and that is what they have been doing over the last 10 years in power at the Centre.

Muthoot Finance's microfinance arm, Belstar Microfinance, has filed preliminary papers with capital markets regulator SEBI to raise Rs 1,300 crore through an initial public offering (IPO). Belstar Microfinance, a Non-Banking Finance Company — Micro Finance Institution (NBFC-MFI), offers a wide range of loan products, such as micro-enterprise, small enterprise, consumer goods, festival, education and emergency loans.

Modi will be filing his nomination papers from the Varanasi Lok Sabha seat on May 14, BJP's city president Vidyasagar Rai said on Sunday. On May 13, Modi will hold a roadshow in the constituency, and preparations for it are underway, he added «The route for the roadshow has been finalised. On May 14, Prime Minister Modi will file his nomination from the Varanasi seat,» he said. The Congress has fielded its Uttar Pradesh chief Ajay Rai in Varanasi and the BSP Athar Jamal Lari.

Congress government in Karnataka will provide financial assistance to those allegedly sexually assaulted by JD(S) leader Prajwal Revanna, the national party said on Sunday. Congress general secretary and the party's Karnataka in-charge Randeep Singh Surjewala made this announcement at a press conference here in the presence of Chief Minister Siddaramaiah. He said former Congress president Rahul Gandhi had demanded that appropriate action be taken against the accused. «Chief Minister Siddaramaiah has announced financial assistance to the rape victims who are in hundreds, since it is a unique case which has never happened in the last 75 years,» Surjewala said.

Election Commission to initiate action against BJP's national president J P Nadda and other senior leaders for allegedly violating the model code of conduct by posting a video on social media intimidating members of SC and ST community not to vote for a particular candidate. In a complaint to the Karnataka Chief Electoral Officer, the Congress mentioned about a video uploaded on social media platform 'X' by the official account of Karnataka State Bharatiya Janata Party @bjp4karnataka which is operated by Amit Malviya, the head of IT cell on instructions of J P Nadda, BJP National President, B Y Vijayendra, BJP State President and Social Media incharge- Karnataka BJP on May 4 at 5.34 pm. «The said video posted on social media featured animated characters of Rahul Gandhi and Siddaramaiah. In the clip, SC, ST and OBC community are portrayed as „eggs“ in a nest and it also suggested Rahul Gandhi planting a big egg labelled as Muslim community. It is projected as though funds are being fed to the chick depicting the Muslim community, which then kicks out SC, ST and OBC community.»

Sanjay Raut on Sunday said Prime Minister Narendra Modi will seek votes in the name of Lord Ram but will not speak on development, inflation and jobs. Talking to reporters in Mumbai, Raut claimed that the Bharatiya Janata Party (BJP) was trailing after the first two phases of the Lok Sabha elections. The third phase of polls will take place on May 7. Prime Minister Modi is scheduled to visit the Ram temple in Ayodhya on Sunday and hold a roadshow.

sting video', claiming that the BJP faked the Sandeshkhali horrors to defame the ruling Trinamool Congress in the state; Dilip Ghosh, the latter's candidate for the Bardhaman-Durgapur Lok Sabha seat, said people were being 'bought and sold' in the state. Also weighing in on the controversy around the molestation charge against Bengal Governor CV Anand Bose by a staffer at the Raj Bhavan, Ghosh claimed that people were also being installed at the governor's official residence in exchange for money. Speaking to on Sunday, the BJP's former state president said, «People are being bought and sold (under the TMC). They are even being seated or installed at the Raj Bhavan in exchange for money. However, this (alleged sting video) wouldn't make any difference (to the outcome of the Lok Sabha elections in the state). It was not the BJP but the common people of Sandeshkhali who erupted in protest and came out on the streets against the ruling party. (Sheikh) Shahjahan (expelled TMC strongman and key Sandeshkhali accused) has confessed to the charges against him. It was his henchmen who attacked the ED and CBI (teams).»

Karnataka Chief Minister Siddaramaiah has expressed confidence in the Congress party winning at least 20 out of 28 seats ahead of the second phase of polling in the state. Addressing a joint press conference along with Deputy Chief Minister DK Shivakumar and Congress general secretary Randeep Singh Surjewala in Belagavi on Sunday, the Karnataka CM asserted that the Congress government have fulfilled all the five guarantees that voted them to power in the state. Karnataka is voting in two phases for the 28 seats in the Lower House. Polling for 14 seats was held on April 26 and the remaining seats will vote on May 7 in the third phase of the seven-phase Lok Sabha elections.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50 plunged dramatically down on Friday, May 3, as profit taking across sectors prevented them from holding the gains seen in early trade. On Friday, the 30-share BSE Sensex closed at 73,878.15 level, down 732.96 points, or 0.98%.

Maharashtra, which are gearing up for the upcoming Lok Sabha polls. The government has set the MEP at USD 550 per tonne, which translates to approximately ₹46 per kg. Considering the export duty, the effective minimum price for shipments will be around USD 770 per tonne, or about ₹64 per kg.

BJP leader Narendra Modi said, "INDI Alliance is asking Muslims to do 'vote jihad'. This is new because we have so far heard about 'love jihad' and 'land jihad'," said Modi, referring to a string of Islamophobic conspiracy theories, before emphasising to his audience why they needed to be fearful. "I hope you all know what the meaning of jihad is and against whom it is waged," This statement came after Samajwadi Party leader Maria Alam, while addressing a gathering in Uttar Pradesh, urged Muslim voters in India to carry out 'Jihad' of 'votes' as the 'only' method to usurp PM Modi.

SK Finance files DRHP with SEBI to raise ₹2,200-crore via IPO; details here “Since 2004, there hasn't been a single IPO launch during the month of May in the last four General Election cycles. Typically, the period from April to June during these years has been slow for the primary markets due to election uncertainty. However, this trend is expected to change now as, 3 mainboard IPOs of Indegene Limited, TBO Tek Limited and Aadhar Housing Finance are set to be launched next week to raise 6,392 crores," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt.

Narendra Modi will headline more campaign events on Sunday at Etawah, a known stronghold of the Samajwadi Party (SP), as well as Dhaurahra and Ayodhya in BJP-ruled Uttar Pradesh. After winding up his scheduled public meetings in Jharkhand and Bihar, PM Modi reached UP on Saturday evening and took out an elaborate roadshow in Kanpur, flanked by Chief Minister Yogi Adityanath. He will address a public meeting in Etawah around 2.45 pm and hold another later in the day at Dhaurahra around 4.45 pm.

Tejashwi Yadav has decided to respond with humour to BJP Lok Sabha candidate Kangana Ranaut's gaffe on May 4. Speaking during an election rally on May 4, Ranaut, who is the BJP candidate from Mandi seat (Himachal Pradesh), seemingly launched an attack on Yadav, but mis-named him as fellow BJP leader Tejasvi Surya instead. Surya is the BJP LS candidate from Bengaluru South constituency in Karnataka.

Congress has named Jay Narayan Patnaik as its Lok Sabha candidate from Puri in Odisha on Saturday after Sucharita Mohanty returned her ticket, citing alleged denial of funding by the party. «The Congress President (Mallikarjun Kharge) has approved the candidature of Shri Jay Narayan Patnaik (In place of Smt. Sucharita Mohanty) as the party candidate for the ensuing general elections to the Lok Sabha from 17 — Puri Parliamentary Constituency of Odisha,» the Congress said in a statement. Patnaik has been associated with the Congress for the past few years, he will make his electoral debut in this election. The last date for filing nominations in Puri is May 6.

Congress President Malikarjun Kharge extended condolences over the death of personnel of the Indian Air Force in a terrorist attack in Jammu and Kashmir's Poonch district. In a post on X, Kharge wrote, «Deeply pained by the cowardly terror attack on the IAF vehicle in Poonch, Jammu & Kashmir. We strongly and unequivocally condemn this dastardly terror attack and join the nation in standing together against terrorism.» «Our deepest condolences to the family of the brave air warrior who made the supreme sacrifice. We hope that the injured air warriors recover at the earliest and earnestly pray for their well-being. India is united for our soldiers,» he added.