Election Financial News

local-currency bonds is souring as investors dump bets on interest-rate cuts, fears of a tariff trade war grow, and the dollar surges. A Bloomberg index of developing-nation local debt has tumbled 3.5% since the start of October, trimming the year's gain to less than 2%. The slide has accelerated since the election victory of Donald Trump, whose «America First» policies are seen as harmful for emerging markets, and whose economic agenda has pushed up the dollar and Treasury yields.

Subscribe to enjoy similar stories. Colonel Hannibal Smith in the Hollywood blockbuster film A Team would often remark – no matter how random things appear, there is always a plan. This fortifies the belief that nothing happens in financial markets without a reason.

Subscribe to enjoy similar stories. The depreciation of the rupee has always been a political hot potato even though it is a natural trend for an emerging market. The rupee’s value is currently at a low, triggered by the strengthening of the US dollar since Donald Trump’s victory in the presidential election.

Subscribe to enjoy similar stories. India stands out as a compelling growth and transformation story, largely driven by infrastructure, with GDP growth projected at 6.5% or higher in 2024 and 2025—one of the highest growth rates of any peer economy in the world, said Stefan Hofer, managing director and chief investment strategist at LGT Bank Asia. “So, we want to buy that growth." Though, “the natural caution is the valuation," he warned.

Transaction of Business Rules, also known as 'TBR', is the buzzword these days in Jammu and Kashmir's secretariat and other government offices, as there is a lack of clarity on the powers of the elected government in the Union Territory, as well as confusion about the processes and prioritisation of file movement between the chief minister's office and the Lieutenant Governor's Raj Bhavan. Due to the lack of clarity on TBR, a large number of files continue to circulate in the workplace. And a slew of officials keeps using the term as if it were some big mystery, especially when they don't want to perform the work or be held accountable for any given file.

Karad South has only had three MLAs representing it — Yashwantrao Mohite from 1952 to 1980, Vilas Patil from 1980 to 2014 and from 2014 to 2019, former Maharashtra Chief Minister Prithviraj Chavan of the Congress. The constituency has been known as a Congress bastion for several decades which the BJP hopes to change this time. BJP's candidate is Atul Bhosle, who is not a novice in the constituency. Bhosle, whose family runs a sugar factory and a medical college, has contested twice against Chavan since 2014. While Bhosle lost both times, the BJP and Bhosle have been taking confidence from Chavan's declining winning margins and Bhosle's improved performance. In 2014, Chavan got 76,831 votes and won by just 16,000 votes, Bhosle came a distant third. The 2014 elections were interesting as Vilas Patil, the Congress sitting MLA, was denied a ticket in favour of Chavan. The latter contested as an independent and got 60,000 votes.

The trade union politics has traversed the course of time. In several assembly seats in and around Dhanbad, the leading candidates are either running a trade union or are associated with one. Sitting BJP MP from Dhanbad Dhulu Mahto is the general secretary of United Coal Workers Union. Dhullu Mahto's brother Shatrughan Mahto is contesting from Baghmara. Shatrughan is the president of United Coal Workers Union. People in the area told ET on condition of anonymity that during the recent Lok Sabha polls, Dhulu Mahto mobilised support in his favour through his trade union networks in villages and parts of Dhanbad. Contesting against Shatrughan Mahto is Congress Jharkhand working president Jaleshwar Mahto who is associated with Colliery Shramik Union.

Savner Assembly constituency have one thing in common — their shared root in the Congress party — even as they are now fighting against each other as candidates of the Congress, BJP and as an Independent. Entrenched former Congress minister and four-term MLA Sunil Kedar this time is in the role of being the prime mover of the campaign of Congress candidate Anuja Kedar, his wife. His was not a voluntary retirement but a forced exit after his conviction and jailing in a cooperative bank scam case. «We are in the thick of elections. You can find out about the kind of work we have done here by talking to anybody in the constituency,» said an evasive Sunil Kedar. His local supporters insist his popularity has not waned even after his conviction. «Sunil Kedar has worked very hard for the development of Savner constituency. Even a child here knows that the case against him was framed, and the manner he was dragged to court and jail, were all part of political harassment and vendetta,» said Damasao Saoner, former Congress corporator of Savner Municipal Council.

Sharad Pawar on Sunday warned his detractors that they should mess with anyone but him and urged voters to not just defeat those who rebelled under Ajit Pawar but «defeat them big». Addressing a rally in Madha in Solapur district, Pawar recounted an episode of defection that led to his losing the post of leader of opposition in the assembly almost five decades ago and his resolve that led to the defeat of all of those who had backstabbed him. «In the polls of 1980, 58 people won polls from our party and I became leader of opposition. I had gone abroad and when I came back I realised Chief Minister AR Antulay saheb had done some miracle and 52 of the 58 MLAs had switched sides. I lost the post of LoP,» he said. «I did nothing (at the time). I just started reaching out to people across the state and worked hard for three years. In the next elections, I fielded young candidates against all 52 MLAs who had left me. I am proud of the people of Maharashtra that all 52 who left me were defeated,» he told the gathering.

Kamala Harris' debt-laden presidential campaign spent a staggering $2.6 million on private flights during the final weeks of the election season, according to documents released by the Federal Election Commission (FEC), as mentioned in a report by Fox News. This revelation sheds light on the significant financial decisions made by the campaign, which is now believed to be grappling with a $20 million debt load after its defeat by President-elect Donald Trump on November 5. The FEC filings, which were published in a report by Fox News Digital, detail the private flight expenditures for October alone, totaling $2,626,110.

Muhammad Yunus said Sunday that his administration will seek the extradition of ousted Prime Minister Sheikh Hasina from India, where has been in exile since fleeing a mass uprising in August. In a televised address to the nation on his first 100 days in office, Yunus said that the interim government will try those responsible including Hasina for hundreds of deaths during the student-led uprising that ended her 15-year rule. Yunus took the helm on Aug. 8, three days after Hasina fled the country. He said that not only the deaths in the uprising but all other violations of human rights, including alleged enforced disappearances while Hasina was in power, would be investigated. Bangladesh has sought help from the global police organization Interpol in issuing a red notice for the arrest of Hasina and her associates.

Mallikarjun Kharge on Sunday likened the BJP and RSS to «poison» and termed them as «politically most dangerous» in India. Addressing a rally in Sangli on the penultimate day before the campaigning for the Maharashtra assembly polls concluded, Kharge used the «killing the poisonous snake» analogy in his speech. «If there is anything which is politically the most dangerous in India is the BJP and RSS. They are like poison. If a snake bites, the person (who is bitten) dies...such a poisonous snake should be killed,» said Kharge. He targeted Uttar Pradesh Chief Minister Yogi Adityanath over the death of 10 newborns in a fire at a medical college.

Sachin Pilot on Sunday slammed the BJP for terms like 'vote jihad' and 'dharmyudh' as well as the 'batenge toh katenge' slogan but asserted people are wise and will not succumb to such attempts to polarise. Addressing a press conference, the former Rajasthan deputy chief minister also claimed the BJP had brought forward smaller parties to eat into Maha Vikas Aghadi votes but this plan would fail. Asserting that a slogan like 'batenge toh katenge' should not be uttered by someone like Uttar Pradesh Chief Minister Yogi Adityanath, who is occupying a constitutional post, Pilot said one should instead use 'padhoge toh badhoge' (education will bring progress). Speaking on 'vote jihad', he said, «The language used by Yogiji and Devendra Fadnavisji is unwarranted. To what extent would you do politics on the basis of religion? In Ayodhya, where Ram Temple was built, the BJP lost the Lok Sabha polls. Polarisation is happening but people are wise and understand.»

Union Territory, particularly during the harsh winter months. National Conference leader Omar Abdullah took oath as the chief minister of Jammu and Kashmir on October 16, heading the first elected government in the Union territory since 2019 when its special status was revoked. Shortly after assuming office, he instructed the police to refrain from establishing 'green corridors' for his movement, a decision aimed at minimising disruptions caused by VIP traffic and to prioritise the convenience of the public.

Maharashtra assembly elections, election officials and EVMs were ferried in helicopters to base camps in the Naxal-affected Gadchiroli district on Sunday, police said. Gadchiroli SP Neelotpal said Indian Air Force's Mi 17 helicopters carried election officials deployed for 76 polling stations in the sensitive Aheri assembly constituency in the early hours of the day. He said polling personnel with EVMs and other equipment were being dropped off at 14 base camps at police stations for further onward movement. The exercise of transporting officials and equipment will continue till November 19, he said.

BSP chief Mayawati is yet to attend any public meeting or rally in favour of any candidate in any of these nine seats. Even Mayawati's nephew and senior office bearer Akash Anand and former Rajya Sabha MP Satish Chandra Mishra are yet to come out to create an atmosphere in favour of party candidates.

Balasaheb Thorat has asserted that the opposition Maha Vikas Aghadi (MVA) will win a clear majority and also indicated his chief ministerial aspirations. In an exclusive interview to PTI ahead of the November 20 state assembly polls, Thorat (71) said he is among the few senior leaders in the MVA after NCP (SP) head Sharad Pawar and enjoys cordial relations with leaders of the alliance. Thorat's assertion has come at a time when the ruling Mahayuti coalition has been reluctant to declare incumbent Chief Minister Eknath Shinde as the next CM, with BJP leader Devendra Fadnavis saying a decision on it will be taken after the poll results are announced. «I am among the senior leaders in the MVA after Sharad Pawar,» Thorat, an eight-term MLA from Sangamner in Ahilyanagar district, told PTI when asked whether he saw himself as an acceptable face of the opposition alliance.

Amit Shah on Sunday cancelled his rallies in poll-bound Maharashtra and is headed back to Delhi as the situation in Manipur continues to be volatile, according to sources. The home minister is likely to hold a meeting to review the situation in the northeastern state, the sources said. Irate mobs set fire to the residences of three more BJP legislators, one of whom is a senior minister, and a Congress MLA in various districts of Imphal Valley on Saturday night even as security forces foiled an attempt by agitators to storm the ancestral residence of Chief Minister N Biren Singh. Shah was supposed to attend a few election rallies as part of the BJP's campaign in Maharashtra but he has cancelled them and is returning to the national capital, the sources said.

Sharad Pawar's bags were checked by the poll personnel at Baramati helipad in Maharashtra's Pune district on Sunday morning, according to his associate. Pawar was on way to attend a poll rally in Solapur, the associate said. The model of code of conduct is enforced in the state for the assembly elections scheduled on November 20. «While Pawar saheb was on his way to Karmala poll rally in Solapur, his bags were checked at the Baramati helipad. After the due checking, he boarded the chopper and proceeded for the rally,» the associate said.

Volodymyr Zelenskyy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy, commenting at a decisive moment after Donald Trump’s U.S. presidential election win and Russia’s grinding battlefield gains.However, Zelenskyy said Russian President Vladimir Putin was not interested in agreeing to a peace deal, and argued it was convenient for Moscow to sit down to talk while continuing to fight.“From our side, we must do everything so that this war ends next year, ends through diplomatic means,” Zelenskyy said in a Ukrainian radio interview aired on Saturday.Moscow’s ambassador to the U.N.

Maharashtra election, FII flows, and global market dynamics—are likely to influence market movements. On Thursday, the Nifty 50 fell 0.11% to 23,532, closing below its 200-day moving average for the first time since April 2023. The BSE Sensex shed 0.14%, ending at 77,580. Markets were closed on Friday for Guru Nanak Jayanti.