Election Financial News

At least 6,000 inmates escaped from a high-security prison in Mozambique’s capital on Christmas Day after a rebellion, the country’s police chief said, as widespread post-election riots and violence are roiling the country.

Subscribe to enjoy similar stories. For select Indian IT companies, exposure to the healthcare vertical has proven to be a boon, bolstering earnings at a time when other segments faced significant pressure. Persistent Systems Ltd, a tier-2 IT firm with the highest revenue contribution from healthcare, recorded impressive growth in this segment, averaging 51% year-on-year over the last four quarters, according to a Motilal Oswal Financial Services report dated 18 December.

Elon Musk’s vision of creating a company town for SpaceX employees is taking shape as workers in South Texas have petitioned to establish a municipality named "Starbase." Located near Boca Chica Beach, where SpaceX's rocket launches take place, the town would span 1.5 square miles and accommodate approximately 500 residents, including SpaceX employees and their families.

Rajeev Agarwal, Fund Manager & Managing Partner, Doordarshi India Fund, says the policy measures will drive to a very large extent what happens either on the upside or the downside. Markets may not tell the full story because there is a story about some stocks that have risen a lot in 2024 and maybe they will take a little bit of a backseat while some others that have been punished in 2024 may have a better opportunity as we go into 2025. It may be a lot more stock-specific rather than market-specific. But from an Indian stock perspective, the base case of around 13% annual return is quite reasonable. What exactly are you expecting in terms of the market dynamics – globally as well as back home? What’s in store for global markets next year, after they have been navigating through this election cycle, lots of unusual market dynamics as well? Rajeev Agarwal: For 2025, clearly the one big event is Trump taking over the reins as the US President. A lot of policy measures are expected to be introduced by Trump very quickly. Clearly, he has the people that he wanted and many of those will get confirmed. That is going to be the one big event which will drive a lot of the markets.

Subscribe to enjoy similar stories. Federal Reserve Chair Jerome Powell is walking an old tightrope into 2025: He is trying to avoid appearing confrontational with Donald Trump, even though some of his colleagues are signaling unease that the president-elect’s policies might rekindle inflationary pressures. The difficult balancing act was on full display over the last two months.

Subscribe to enjoy similar stories. New Delhi: Bollywood couldn’t have been more conspicuous by its absence in movie theatres this year, with nearly the full April-June quarter going by without any big releases. The industry was hit hard by the Lok Sabha elections and IPL (Indian Premier League) between April and May, and just a handful of titles attracted audiences to the theatres.

Christmas message by saying former hockey player Wayne Gretzky ought to be the prime minister or governor. In his yearly Christmas message, President-elect Donald Trump made fun of Canada by proposing that former hockey star Wayne Gretzky, who supports Trump, run for prime minister or governor.

Mallikarjuna Kharge said on Thursday, calling for efforts to increase the party's organisational strength in response to the demand from people who have lost hope in the current NDA regime.

Tesla CEO Elon Musk had a notably active year in 2024 which was highlighted by his extensive private jet travel and growing political involvement with US President- elect Donald Trump. According to Business Insider, his two Gulfstream jets completed 355 flights from the month of January to the month of mid-December while amounting to approximately 881 hours in the air.

US President Joe Biden is reportedly preparing to leave the White House with really minimal fanfare following a challenging year for the Democrats who lost to US President- elect Donald Trump in the US Presidential Elections 2024, reported The Hill.

Uddhav Thackeray on Thursday started a three-day exercise to assess his party's position in Mumbai, where civic polls are likely to be held next year, one of his close aides said. After the split in the Bal Thackeray-founded Shiv Sena in 2022, the recently concluded assembly elections were seen as a litmus test for Uddhav's party, which is a constituent of the opposition bloc Maha Vikas Aghadi (MVA).

Supreme Court busy in 2024.The year also marked a shift in leadership for India's highest court.

Bharatiya Janata Party (BJP) reported contributions amounting to Rs 2,244 crore in 2023-24, a sharp increase compared to Rs 700 crore in the previous fiscal year, reported TOI. In contrast, the Congress party received Rs 288.9 crore during the same period, up from Rs 79.9 crore in 2022-23, as per the TOI report. These figures are based on the contribution reports submitted to the Election Commission (EC), which are now publicly available.

Lok Sabha polls held earlier this year with women voters outnumbering men, according to statistical data released by the Election Commission on Thursday. The female voter turnout stood at 65.78 per cent as compared to 65.55 per cent for male electors, the EC said.

Bangladesh faced an upheaval this year with the ouster of long-time Prime Minister Sheikh Hasina, a development that also cast a shadow over its traditionally strong ties with India. The relations could be strained further: Bangladesh now seeks her extradition from India. The removal of 77-year-old Hasina followed weeks of protests led by students over a controversial quota system in government jobs that escalated into a nationwide campaign calling for the end of her 16-year regime.

Subscribe to enjoy similar stories. Investors in shares of hotel companies are enjoying a good view. So far in 2024, stocks of The Indian Hotels Co.

House Speaker Mike Johnson is facing significant backlash from Republican lawmakers specifically from Senator Rand Paul over a recently passed short term funding bill that critics argue favors Democrats and includes excessive spending, reported Miami Herald.

US Presidential elections 2024 and will now soon assume the most powerful post at the White House after a gala inauguration ceremony. However, as soon as he becomes President, there are concerns that he may impose his planned tariffs, that he has been going on about for the better part of his Presidential election campaign.

Subscribe to enjoy similar stories. Earlier this year, a nine-member committee led by former president Ram Nath Kovind presented an 18,626-page report recommending simultaneous assembly and Lok Sabha elections, popularly being referred to as ‘One Nation, One Election.’ It also recommended local body elections within 100 days of Lok Sabha and assembly elections. There have been recent debates around the proposed One Nation, One Election bill, officially titled The Constitution (One Hundred and Twenty Ninth Amendment) Bill, 2024, and the Union Territories Laws (Amendment Bill), 2024.