Election Financial News

Mint's monthly EM tracker, buoyed by robust domestic growth and a sharp rebound in exports. The rupee's performance against the US dollar, while modest, outshone that of its peers, as did the achievements of the domestic stock market, enhancing India’s overall score. This solid standing, especially at a time when recession bells are ringing in Europe, is particularly advantageous for the Narendra Modi government as it approaches the Lok Sabha elections.

BJP leader Dilip Ghosh on Wednesday apologised for his remarks on West Bengal Chief Minister Mamata Banerjee that triggered a massive controversy. The apology came hours after the BJP sought an explanation from Ghosh, who was heard mocking the family background of Banerjee in a purported video clip. Maintaining that his party and other people have reservations about his choice of words, Ghosh said, «If it is so, I am sorry for that.» The TMC filed a complaint with the Election Commission against him over his comments, alleging that it violated the model code of conduct (MCC).

Arvind Kejriwal, AAP Minister Saurabh Bharadwaj said that everyone present was wearing a t-shirt emblazoned with ‘Mai Bhi Kejriwal’ and noted that they “stand against the dictatorship of the BJP." As reported by ANI, the AAP minister said, “Everyone here is in a t-shirt that says 'Mai Bhi Kejriwal'. We oppose the dictatorship of the BJP. They are raiding our people during the elections time.

Shauryam Gupta, CEO - Rupeezy, believes that given that the market has factored in the prevailing political climate, an upmove seems more probable than a market correction ahead of elections. Moreover, the market expert also advises investors to rebalance their portfolios towards large-cap stocks, which currently offer more compelling valuations than mid and smallcaps. Edited Excerpts: More than elections, the inflation data and the impending rate cuts will have a major impact on the markets.

explanation from party leader and member of parliament (MP) Dilip Ghosh regarding his remarks on West Bengal Chief Minister Mamata Banerjee. In a letter to Ghosh, Nadda has said that his comments were indecent, unparliamentary and against the tradition of the party. Ghosh courted controversy when he asked Mamata Banerjee to ‘identify her own father’.

Bhikaji Thakor from Sabarkantha has stirred up a hornet’s nest in the Lok sabha constituency. The Meghraj town in Aravalli district observed a bandh in support of Thakor on Tuesday and the party workers in large numbers reached the BJP office in Modasa to protest necessitating strong security arrangements. BJP has fielded Shobhna Baraiya, wife of Mahendrasinh Baraiya who is a former Congress MLA and joined BJP in August 2022.

remarks about CM Banerjee, also known as Didi. "When Didi goes to Goa, she calls herself ‘daughter of Goa’.

Lok Sabha elections 2024. The video titled ‘INDIA Alliance Mein Fight, Main Hi Dulha Hun Right' wasshared by the saffron party on its X handle on March 26. The 2.23-minute-long video tries to send out a message that leaders in the INDIA bloc consider themselves contenders with no consensus on one common face to lead the fight against Prime Minister Narendra Modi-led BJP in the upcoming elections.

While the recent stress tests by asset management companies on midcap and smallcap funds doesn’t necessarily spell a “doom and gloom” situation for the entire segment, it necessitates a relook at the allocation and diversification by investors, says Sonam Srivastava, smallcase manager & Founder of Wright Research. Srivastava believes that any potential correction in this segment could offer a chance to buy well-positioned companies at a discount. “While near-term volatility remains a possibility, the long-term outlook for smallcaps appears promising. The valuation levels for some smallcaps do warrant caution and the volatility before elections was expected,” she said in an interview with ETMarkets. Edited excerpts: What’s the fate of mid- and smallcap stocks after the recent stress test results released by AMCs? Sonam Srivastava: The recent stress test results by AMCs spotlight potential vulnerabilities within specific mid- and smallcap companies. This doesn't necessarily spell doom and gloom for the entire segment, but it does necessitate a relook at our allocation and diversification.

Lok Sabha elections, the Nationalist Congress Party (Sharad Chandra Pawar) Party has organized a meeting of the Central Parliamentary Executive Committee which will be held on Wednesday. Sharad Chandra Pawar's Chief spokesperson, Mahesh Tapase has said that the Lok Sabha candidates will be discussed in this meeting. The meeting will be held in the presence of Sharad Pawar. Members of the Central Parliamentary Board of the party will be present in this meeting as well as the party's Maharashtra president MLA Jayant Patil, MP Supriya Sule, PC Chacko, Anil Deshmukh, and Jitendra Awhad.

volatility in equities likely to be high, money managers believe investors should stagger their investments into equity mutual fund schemes. Fund houses offer various options for staggered investments such as a daily, weekly or monthly systematic transfer plan (STP) from a debt-oriented scheme like a liquid fund or ultra-shortterm fund to the chosen equity fund. WHEN SHOULD AN INVESTOR OPT FOR A SYSTEMATIC TRANSFER PLAN (STP)? Investors who believe that the long-term earnings growth story is intact, but fear high volatility in the markets due to events such as elections or valuations being slightly ahead of fundamentals can use STPs. Typically such investors have lump sum money and want to invest in equity mutual funds, but in a staggered manner, and simultaneously earn a small return by investing in liquid/ultra short-term schemes. HOW DOES IT WORK? An investor looking to invest say Rs 1 lakh into an equity fund using STP will have to first choose the liquid or ultra-short-term fund and make an investment there. Once that is done, choose an equity scheme and decide on the amount to be transferred along with the frequency of transfer and set up the STP. Both the source and the destination schemes should be from the same fund house. Most fund houses have a daily, weekly or monthly option to transfer money. For example, an investor can decide to transfer Rs 2,500 every week to an equity fund or even something like Rs 10,000 every month. Mutual fund investment portals too allow you to set these up entirely online.

BJP President JP Nadda issued a notice seeking clarification from the party leader Dilip Ghosh regarding his remarks on West Bengal Chief Minister Mamata Banerjee. The BJP party has written a letter stating that your (Dilip Ghosh) comment today is indecent, unparliamentary and against the tradition of our party. The party strongly condemns such comments. The BJP has also sought an explanation from Dilip Ghosh on this issue. Earlier, the Trinamool Congress filed a complaint with the Election Commission of India against Bharatiya Janata Party leader Dilip Ghosh for allegedly making controversial remarks against West Bengal Chief Minister Mamata Banerjee.

Election Commission of India (ECI) on March 20 for the initial phase, the deadline for filing nominations for the first phase is March 27. Scrutiny of nominations will occur on March 28, with the final date for withdrawal of nominations being March 30. The Delhi High Court on Wednesday is scheduled to hear Chief Minister Arvind Kejriwal's plea challenging his arrest by the Enforcement Directorate (ED) and seeking his release in connection with a money-laundering case related to the purported excise policy scam.

Lawmakers with Poland’s ruling pro-European Union coalition have launched a rare process to bring the central bank chief before a special court on allegations of acting against the country’s financial interests

advertising budgets by as much as 80% in the April-June quarter from the year-earlier period as they look to expand exposure and reach with media consumption set to surge during the general elections, the Indian Premier League (IPL) and the T20 World Cup. Maruti Suzuki, Tata Motors, Hyundai Motors, Dabur and Godrej Appliances among others said they will be increasing their ad budgets for the next quarter. Overall spending may surpass that of the festive season because of the confluence of events, experts said. Marketers said the increased spend will be on print, broadcast and digital media.

BJP raised the issue of the different approaches taken by poll officials in different states to similar infractions by politicians and urged the Election Commission to take measures to avoid this 'discrepancy'. A BJP delegation, comprising Union minister Ashwini Vaishnaw, general secretary Vinod Tawde, BJP leaders Om Pathak and Sanjay Mayukh were part of the delegation which met the poll watchdog to highlight this. Tawde later told reporters that while action was recommended against Union minister Shobha Karandlaje, who is contesting the Lok Sabha polls from Karnataka, for her controversial comments against Tamils, the objectionable remarks made by a Tamil Nadu minister have not drawn any censure by the poll body.

petroleum and natural gas ministry is drawing up plans to offer free piped natural gas (PNG) connections and consumption subsidies to poor households to help its wider adoption on the lines of the Ujjwala scheme, which popularised liquefied petroleum gas (LPG) among the poor, said people familiar with the matter. The plan is likely to be part of the ministry's proposal for the first 100-day agenda of the government which will be sworn in after the general election, they said. The Modi government has asked all ministries to propose new ideas and plans that could be launched or implemented in the first 100 days of the next regime. Officials are busy preparing the plans, which are likely to be discussed with the cabinet secretary in early May in the middle of the election, according to people in the know.

Prime Minister Narendra Modi called BJP Basirhat candidate and Sandeshkhali assault survivor Rekha Patra on Tuesday and assured her of all the support while expressing his optimism about her victory in the Lok Sabha elections. Describing her as «Shakti Roopa», the PM said it was unfortunate that many people of Basirhat have not been allowed to vote since 2011. In a telephone conversation that lasted around seven minutes, Modi sought to know from Patra how her candidature was received by the people, especially women, in Basirhat.

Follow CSK vs GT IPL 2024 Live Score here The Chennai Super Kings lost the toss and were asked to bat first as Gujarat Titans skipper Shubman Gill elected to bowl at the MA Chidambaram Stadium on Tuesday in the ongoing Indian Premier League (IPL) 2024. CSK and GT faced each other for the first time since playing out a thrilling final that saw the MS Dhoni-led side emerge victorious and clinch their fifth IPL title.

Congress leaders' comments on Kangana Ranaut snowballing into a political row, the actress-turned-politician said every woman, irrespective of her background and profession, deserves dignity. Ranaut, who makes her political debut as a BJP candidate from Mandi in Himachal Pradesh, said she was particularly pained by the derogatory comments on the constituency that is often referred to as "Chhoti Kashi". The Congress has been in the crosshairs after demeaning remarks on Ranaut and Mandi were posted on the social media handles of its leaders Supriya Shrinate and H S Ahir.

Musk surely knows how to control the narrative and the noise. His relentless honking at Raisina Hill’s policy making precinct for the last 4 long years did electrify the imagination of the government bureaucracy. That is why the auto industry executives in private see Narendra Modi government’s recently announced new electric vehicle policy, the last business before the announcement before the 2024 elections, predominantly as a red carpet rollout for just one eccentric billionaire: Musk. Even then to straight jacket the initiative as ‘The Tesla policy’ is a cynical response: The timebound and ceiling based 55-85% import duty cut on electric cars above a certain value, linked to specific localisation and investment milestones to boost domestic manufacturing would benefit incumbents Tata Motors, Hyundai, VW Group as much as it would Musk or accelerate the plans of Phat Nhat Vuong, founder of Vietnamese OEM VinFast, that has been looking to set up base in Tamil Nadu. Predictably therefore, the initial outrage of local players has evaporated post the announcement!