Election Financial News

Subscribe to enjoy similar stories. Mumbai: Two days before a US court indicted senior officials of Adani Green Energy for allegedly bribing Indian state government officials to secure lucrative power contracts, bulls on two of the group companies' derivatives counters slashed their long positions, saving them from massive losses that hit the group shares after the news broke. A report of the allegations, dismissed as "baseless" by the Adani Group, surfaced early on Thursday morning, leaving investors with a ₹2.24-trillion hole in their pockets at the end of the day.

Adani Group's construction of a major deepwater container terminal in Colombo with US financial support could be in focus after the recent indictment of the group but is being favoured by the advisers of the ruling dispensation in Sri Lanka to boost investor confidence. Leaders of Sri Lanka's ruling party had prior to the recent election spoken about «cancelling the project» but post polls, the government said it needs more time to evaluate the project. On his part, President Anura Kumara Dissanayake has shown interest in continuing with all projects reached between New Delhi and Colombo by his predecessors as he banks on India's support to boost the economy.

Donald Trump hailed what would become Project 2025 as a road map for «exactly what our movement will do» with another crack at the White House. As the blueprint for a hard-right turn in America became a liability during the 2024 campaign, Trump pulled an about-face. He denied knowing anything about the «ridiculous and abysmal» plans written in part by his first-term aides and allies, AP reported. Now, after being elected the 47th president on November 5, Trump is stocking his second administration with key players in the detailed effort he temporarily shunned. Most notably, Trump has tapped Russell Vought for an encore as director of the Office of Management and Budget; Tom Homan, his former immigration chief, as «border czar;» and immigration hardliner Stephen Miller as deputy chief of policy.

Although this may not be felt in Maharashtra until legislative business begins in earnest, the result's impact will be felt without delay in parliament as its winter session begins today. Undeniably, the political impact of the Maharashtra verdict will be felt nationally because it hugely bolsters confidence of NDA, especially confidence in Narendra Modi. Likewise, the combative character Congress displayed during the previous session will be difficult to harness after the party 'squandered' two opportunities that came knocking following the general elections. Unlike the Haryana elections, which the party practically 'lost' to BJP, in the case of Maharashtra, this was an election that Maha Yuti (MY) won by combing several strategies-significantly without Modi campaigning with the intensity associated with him.

Maharashtra assembly elections, winning 132 out of 149 seats it had contested and garnering 17,293,650 votes, as per ECI data. The BJP's 132-seat haul marked a hat-trick of crossing the 100-seat mark in assembly elections. The saffron party had bagged 122 seats in the 2014 elections, which it contested solo without undivided Shiv Sena, and 105 seats in 2019 polls which it faced with the former ally Shiv Sena on its side. The BJP's stellar performance at Maharashtra hustings, results of which were declared on Saturday, saw the party reaping a rich harvest of 132 seats in the 288-member House. Its Mahayuti partners Shiv Sena and NCP led by Deputy Chief Minister Ajit Pawar won 57 and 41 seats, respectively. The Congress, which won only 16 out of 101 seats it had contested, came a distant second with a 12.42 per cent vote share. The Grand Old Party polled 8,020,921 votes.

BJP and its allies have outdone their political opponents in wooing this segment through targeted welfare schemes including Ladki Behen yojana, training women to become “drone didis”, more sops for aaganwadi workers, Ujjwala LPG cylinder scheme, and registering homes given under the PM Awas Yojana in the name of women. Ex-Chief Minister of Madhya Pradesh Shivraj Singh Chouhan and Bihar CM Nitish Kumar lead the pack as far as women welfare schemes are concerned. Chouhan launched the highly successful Ladli Lakshmi yojana for girls on April 1, 2007, nearly two decades back and reaped political dividends from it. Buoyed by its success, Chouhan tried uplift his waning popularity in 2023 just months ahead of the Assembly elections by inaugurating another scheme for women- Ladli Lakshmi yojana. While all intended beneficiaries could not be added in the six months before the code of conduct kicked in, most women who got the funds backed BJP.

Maharashtra excise department on Sunday revoked the permit to serve alcohol at actor-singer Diljit Dosanjh's Dil-Luminati concert in Pune’s Kothrud area, scheduled for later that evening. The decision came after objections were raised by various parties, including Kothrud's newly elected BJP MLA, Chandrakant Patil. State Excise Commissioner C. Rajput confirmed the cancellation, stating, «The state excise department has withdrawn permission to serve liquor at the event.» MLA Patil expressed strong opposition to the concert, which was set to take place at Kakade Farm, citing concerns over its impact on the local community. In a statement, he remarked, «Such events are not in line with the city’s culture. They will cause significant inconvenience to residents, including noise pollution and traffic congestion. I have urged the city police commissioner to cancel the event altogether.»

finance sector, it fell to a seven quarter low of 4.8% in the September quarter. It was 5.7% in the previous quarter and 5.4% in the year-ago quarter. The ratio is calculated as profit before interest and tax (PBIT) divided by interest outgo. It reflects the ease with which a company can cover interest expenses or service debt; a higher ratio is desirable. “Interest costs have risen sharply year-on-year due to higher (interest) rates and working capital requirements,” said Deepak Jasani, retail research head, HDFC Securities. For the sample, interest cost increased at a three quarter high of 7.2% year-on-year in the three months to September at a time when the aggregate top line growth was at a three quarter low of 4.9% amid lower government expenditure due to elections and flood situations in various parts of the country during the monsoon season. In addition, raw material costs as a percentage of revenue increased to 35.1% from 34% in the year-ago quarter. This affected EBIT, which fell by 4.9% year-on-year. It in turn weakened the interest coverage ratio for the quarter.

Samaguri Assembly constituency, BJP is eyeing to wrest as many as five religious minority donated seats in 2026 assembly polls. Assam will go to assembly polls in 2026. BJP and its allies made a clean sweep of six assembly seats across Assam and Meghalaya which went to by polls. Congress party could not win a single seat. While in Assam, BJP has wrested minority dominated Samaguri Assembly constituency from Congress, the ruling National People’s Party (NPP) has won the by-election from the Gambegre assembly seat in Meghalaya. In the Congress bastion Mehtab Chandee Sangma wife of Meghalaya chief minister Conrad Sangma won the seat.

Kejriwal on Sunday emphasised his government's developmental achievements and pledged to complete unfinished projects if re-elected in the upcoming Delhi Assembly polls due early next year. Addressing a gathering at a wrestling event in Karala village of Mundka, the Aam Aadmi Party (AAP) leader claimed, «The kind of work that has taken place in Delhi has not happened anywhere else in the country.» Kejriwal announced that India's largest sports university, with an estimated cost of Rs 2,100 crore, will be constructed in Mundka. «This will be a milestone in Delhi's journey toward becoming a hub for sports excellence,» he said.

Moradabad Divisional Commissioner Aunjaneya Kumar Singh said. «Three people identified as Naeem, Bilal and Nauman have been killed. Some policemen including the gunner of the superintendent of police have also been injured.» The trouble started on Sunday morning when a large group of people gathered near the mosque and started shouting slogans as the survey team began their work in the Shahi Jama Masjid.

Chandrashekhar Bawankule on Sunday said leaders of the ruling Mahayuti alliance and the BJP leadership will decide who will be the next chief minister of the state. Addressing a press conference here, Bawankule also said the people of Maharashtra have rejected the Congress, and pointed to its state unit chief Nana Patole winning by a margin of just around 200 votes in Sakoli seat. The BJP-led Mahayuti, which also comprises the Shiv Sena of Chief Minister Eknath Shinde and NCP of deputy CM Ajit Pawar, on Saturday retained power in the state by bagging 230 of the 288 assembly seats. The Congress-led Maha Vikas Aghadi's dream of wresting power fizzled, with the opposition combine managing to garner just 46 seats.

Subscribe to enjoy similar stories. Following the conclusion of the second big cycle of state elections in 2024, the Bharatiya Janata Party (BJP) has reclaimed some of the political ground it had ceded in the general election held earlier this year. Be it in states or at the Centre, be it by itself or with allies, the BJP has strengthened its hand and increased its leverage across the three broad sides of the Indian political spectrum: itself, the Congress party, and the wide variety of regional parties.

Mahayuti alliance achieved a decisive victory in the 2024 Maharashtra assembly elections, securing 231 of the 288 constituencies. The coalition, led by Shiv Sena's Eknath Shinde, Deputy Chief Ministers Devendra Fadnavis (BJP) and Ajit Pawar (NCP), is set to retain control of the state government. The opposition Maha Vikas Aghadi (MVA) managed to win or lead in only 50 seats, marking a significant setback for the alliance of the Congress, NCP (Sharad Pawar faction), and Uddhav Thackeray's Shiv Sena faction.

Samajwadi Party Chief Akhilesh Yadav on Sunday accused the Bharatiya Janata Party and the administration of orchestrating the incident to prevent any discussion on «election fraud.» Addressing a press conference, Akhilesh Yadav, who was the former chief minister of the State alleged that the ASI survey team had been sent to disrupt the environment so that no one could discuss the Uttar Pradesh by-poll election results.

Shiv Sena leader Shaina NC stressed the chemistry of the leadership trio of Mahayuti government in Maharashtra on Sunday as the alliance sweeped the state assembly elections. Speaking to on Sunday, Shaina NC said that Chief Minister Eknath Shinde and Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar have the «absolute chemistry» of working towards the 'Vikshit Maharashtra' (developed Maharashtra). Referring to the poll results, Shaina NC termed the alliance's strike rate of performance as «phenomenal.»

Sanjay Raut on Sunday spoke on the recent Maharashtra assembly elections and said that the party was not disappointed addeing that they were the Shiv Sainiks of BalaSaheb Thackeray who had seen several defeats and victories in his life. Speaking to media persons, Raut said «We are not disappointed, we are people who fight. We are Shiv Sainiks of Balasaheb Thackeray. Balasaheb Thackeray has also seen many defeats and victories in his life. We are not sad that we lost or lost power. We will fight against the injustice in Maharashtra.» Further, he added that the people of Maharashtra were sad on the results and questioned on where the celebrations were on the results.

Here are 5 things to track for stock market investors post BJP-led alliance's big win

Hemant Soren's Jharkhand Mukti Morcha (JMM) successfully kept the impressive electoral might of the BJP at bay for a second time, thwarting apparent bids to polarise the state known as a tribal stronghold on religious lines. The JMM-led alliance secured a victory against the BJP in the state assembly elections. This marks the second consecutive defeat for the BJP in Jharkhand. Soren, as part of INDIA bloc, delivered the goods even though the BJP combo of 'name, network, resources and rhetoric' was a huge challenge to overcome, a ToI report (by Subodh Ghildiyal) said on November 24.

Supriya Sule should apologise for her party fielding Yugendra Pawar against his uncle and Deputy Chief Minister Ajit Pawar in the Baramati assembly seat. NCP president Ajit Pawar won from his traditional Baramati constituency, defeating his nephew and NCP (SP) candidate Yugendra by more than one lakh votes. The high-stakes contest was seen as a battle between the 65-year-old politician and his uncle, Sharad Pawar (83). Talking to reporters, NCP spokesperson Amol Mitkari said NCP (SP) leader Sule must apologise for fielding Yugendra against his uncle, just as Ajit Pawar had expressed his regret for fielding his wife Sunetra against her in the Lok Sabha elections earlier this year. Ajit Pawar, who parted ways with his uncle last year and was seeking an eighth term from this seat in Pune district, polled 1,81,132 votes while Yugendra polled 80,233.

Sanjay Raut on Sunday slammed former Chief Justice of India D Y Chandrachud, alleging that he had removed the fear of the law from politicians who defected from parties in Maharashtra. Raut claimed that by not deciding on the disqualification petitions, Chandrachud kept doors and windows open for defections. The Shiv Sena (UBT) leader's statement comes after his party faced a severe drubbing in the state assembly elections, as it managed to clinch only 20 out of 95 seats it contested as part of the Maha Vikas Aghadi (MVA). The performance of the party's alliance partners was no better, with the Congress winning only 16 out of 101 seats and NCP (SP) getting only 10 out of 86 seats it contested.