Election Financial News

That’s the view from Rajiv Batra of JPMorgan Chase & Co., who says global funds’ positioning in India’s $4.3 trillion stock market remains light and investors will use any correction as an opportunity to increase holdings. His views come as overseas flows have become more volatile ahead of the national vote amid concerns over stretched valuations.

Gautam Buddh Nagar district have swiftly removed 11,682 defacements, including wall writings, posters, and banners, within 72 hours, aligning with the model code of conduct for the upcoming Lok Sabha election. This action, according to official data, targeted 9,361 defacements on public properties and 2,321 on private spaces across the district. The Election Commission's guidelines mandate the removal of all such defacements on government properties within 24 hours of election announcements. Similarly, unauthorized political advertisements on public properties and spaces must be removed within 48 hours, and those on private properties within 72 hours, subject to local laws and court directives. Local authorities in Gautam Buddh Nagar have been diligent in enforcing these guidelines, removing defacements from both public and private properties. The data indicates that 6,329 defacements were removed within 24 hours of the model code of conduct being enforced, 10,611 within 48 hours, and the total of 11,682 within 72 hours.

AIADMK party on Wednesday released its first list of 16 candidates for the upcoming Lok Sabha polls 2024. While releasing the list, party general secretary, Edappadi K Palaniswami said that five constituencies have been allocated to the DMDK; and one each to Puthiya Tamilagam and SDPI. «In the AIADMK alliance, DMDMK is to contest in 5 seats, SDPI in 1 seat and Puthiya Tamilagam in 1 seat, from Tenkasi constituency,» said Palaniswami.

Dravida Munnetra Kazhagam head M K Stalin on Wednesday released a list of 16 candidates who will contest the Lok Sabha elections under the party banner. Featured on the list are party heavyweights K Kanimozhi, A Raja, T R Baalu and Dayanidhi Maran, among others. Stalin also launched the party's manifesto for the polls, which included promises to not implement the Citizenship Amendment Act (CAA), the National Educational Policy (NEP) and the Uniform Civil Code (UCC) in the state.

BANGKOK (Reuters) — Thailand's government is forging ahead with a 500 billion baht ($13.9 billion) handout scheme and may still need to borrow to finance it, a deputy finance minister said on Wednesday.

US elections 2024: Joe Biden and Donald Trump secure primary wins in Illinois Last month, Trump acknowledged that at least five high-profile Republicans and one former Democrat are on the shortlist for potential running mates in the general election. According to the New York Post, the names included, Tulsi Gabbard, Florida Gov. Ron DeSantis, Tim Scotte, Byron Donalds, and South Dakota Governor Kristi Noem.

baby boy, nearly two years after the artiste was shot dead in Punjab's Mansa district. In his post, Balkaur also shared his picture holding the baby in his arms along with a welcome cake and Moosewala's photo in the background.

Donald Trump urged the Supreme Court on Tuesday to rule that he is absolutely immune from criminal charges stemming from his attempts to subvert the 2020 election. «The president cannot function, and the presidency itself cannot retain its vital independence,» the brief said, «if the president faces criminal prosecution for official acts once he leaves office.»

Aseefa Bhutto Zardari, the youngest daughter of Pakistan President Asif Ali Zardari, has formally entered the political arena by submitting her nomination for the National Assembly seat that her father has vacated. Aseefa filed the nomination for by-elections at the NA-207 constituency in the Sindh province on Sunday.

Joe Biden and Donald Trump won their party's primaries in Illinois on Tuesday, notching more delegates as they continue their march to a rematch in this November's presidential election. Biden, a Democrat, and Trump, a Republican, also easily won primaries Tuesday in Ohio. Trump also won Florida's Republican primary. There was no contest for Biden to win in Florida as Democrats there canceled their primary and opted to award all 224 of their delegates to him, a move that has precedence for an incumbent president. Trump and Biden are also expected to easily win primaries Tuesday in Arizona and Kansas, banking more support after becoming their parties' presumptive nominees last week.

₹75,667 trillion from ₹37,345 trillion in FY23, premium turnover grew at a more sedate 22% to ₹134 trillion, data from NSE showed. This is the slowest since FY18, when premium turnover grew 31.42% from the preceding fiscal year to ₹4.6 trillion. Analysts expect turnover growth to remain under pressure in the coming months.

By Jeff Mason

Analysts are debating if last week’s sticky inflation news is the death knell for a June cut in interest rates by the Federal Reserve. This much is clear: the recent run of news isn’t encouraging for anticipating that a dovish turn for monetary policy is imminent.

market as India heads into general elections scheduled to start in a month from now. Sales, which typically surge ahead of general elections, are expected to be muted with political parties refraining from promising free devices to their constituents as has been the case before. Market trackers said tepid demand has dampened sales in the high-volume sub-₹20,000 price segment that was expected to revive this year led by budget 5G smartphones. According to Counterpoint Research, smartphone sales fell around 5% on year in January, with similar trends being observed for February. «Post festive season effect, increased replacement cycles and absence of government money infusing policies are some of the reasons for slow demand,» said Shilpi Jain, senior research analyst at Counterpoint Research.

₹4,039. Tata Sons planned to sell the shares in block deals to raise over a billion dollars, Mint reported on Monday.

Meta said that it will enable an India-specific Elections Operations Centre to identify potential threats and implement appropriate measures in real time across the company's various applications. Meta also said that its India-specific operations centre will bring together experts from various areas across the company, such as data science, engineering, research, operations, content policy and legal teams.

Supreme Court on Tuesday directed the Ajit Pawar faction of NCP to issue a public declaration that the use of «clock» symbol by it for campaigning in the Lok Sabha and assembly elections is «sub-judice and subject to the outcome» of the challenge by the Sharad Pawar faction to the decision of Election Commission of India. ECI had recognised the Ajit faction as the real NCP. Aggrieved by ECI's decision, the Sharad faction had moved the apex court. A bench headed by justice Surya Kant directed the Ajit faction to issue a public notice in newspapers in English, Marathi and Hindi editions. The bench has ordered that such a declaration should accompany all advertisements to be issued by NCP. «Such declaration shall be incorporated in every template, advertisement, audio or video clip issued» on behalf of NCP, the court ordered. The Supreme Court bench also ordered that a «man blowing Turah (trumpet)» symbol shall not be allotted to any other political party, independent candidate and the same shall not be used in any manner by the Ajit faction. ECI and the Maharashtra State Election Commission have been directed to take necessary actions in this regard.

judicial intent of better informing voter choice through disclosures about electoral bonds (EBs) is obviously welcome. But here's the thing — could it lead to a perverse outcome of driving corporate donations to political parties further underground during the upcoming elections? Corporate donations through EBs were premised upon a layer of anonymity by maintaining uncorrelated lists of donors and recipients. If this correlation is established through additional information provided by issuer of the bonds, SBI, companies face the prospect of loss of reputation, or even litigation.

K S Eshwarappa, a staunch RSS supporter, has revolted against the party. Eshwarappa went all out against the former chief minister and BJP parliamentary board member B S Yediyurappa after his son K E Kantesh could not make it to the list of candidates announced by the high command a week ago. Karnataka has 28 Lok Sabha seats.

Maharashtra Deputy Chief Minister Ajit Pawar on Tuesday gave an undertaking to the Supreme Court that the Nationalist Congress Party (NCP) led by him will not use the name or picture of party founder Sharad Pawar on banners, posters or any election material. Ajit Pawar had spllit the NCP in July last year and walked away with a majority of MLAs to join the BJP-Shiv Sena government led by Eknath Shinde. He furnished an undertaking before a bench of Justices Surya Kant and KV Viswanathan pursuant to a March 14 order by the apex court. «The Respondent has duly instructed the rank and file of the party to refrain from using the photographs or name of Sharad Pawar on any poster/banner of Nationalist Congress Party,» the undertaking said.

By Jack Queen