FIVE Financial News

State Bank of India has granted its consent to Vedanta's proposed demerger that will separate its existing businesses into six independent pure-play companies, two bankers aware of the development said.

Telugu Desam Party, the biggest constituent of National Democratic Alliance (NDA) after BJP, has drafted a list of demands that includes the post of Speaker, six berths in the Council of Ministers and special status for Andhra Pradesh.

banks squeeze funding to this segment. Recent data show that bank funds to the non-bank segment dropped to 15% in April from 22% seen in the same period last year.

Uttar Pradesh and Maharashtra "where there was a direct alliance." In states such as West Bengal and Punjab — where the alliance partners contested against each other — the alliance managed to reduce the BJP-led NDA's seat share. Moreover, analysis showed that regional parties seemed to have gained more than the Congress in West Bengal, Kerala and Punjab where INDIA bloc allies were in contest against each other.Uttar Pradesh: The SP won 37 seats – the maximum among all the other parties. The Congress won six seats of the total 80 Lok Sabha seats.

Congress party, which had routed the BJP from the Lingayat bastion of Mumbai-Karnataka in the assembly polls last year, failed to recreate the magic in the Lok Sabha elections, winning just one out of seven seats in the region. Hyderabad-Karnataka, however, proved to be a different story, with AICC president Mallikarjun Kharge's home ground faithfully voting in his party in all its five seats.

Activity in the US services sector bounced back in May, picking up more than expected, according to survey data released Wednesday.

Heritage Foundation economist Peter St. Onge offers his analysis on the housing unaffordability crisis on 'The Bottom Line.’

prime minister chaired a meeting of the Union Cabinet, which recommended the dissolution of the 17th Lok Sabha, whose term ends on 16 June.According to people familiar with the development, the Cabinet meeting also took stock of the Lok Sabha election results and discussed likely government formation.As per election results on Tuesday, the Bharatiya Janata Party (BJP) saw its seat count dip to 240—a loss of 63 seats from the 303 it won five years earlier. While the ruling party is far from a simple majority of 272 seats in the 543-member Lok Sabha, the BJP-led National Democratic Alliance (NDA) has crossed the halfway mark with 293 seats, securing a clear third term.The opposition INDIA alliance managed 233 seats, led by the Indian National Congress, which nearly doubled its Parliament strength to 99 seats.In the 2019 election, the NDA had won 353 seats, while the main opposition, the Congress party-led United Progressive Alliance, had secured a modest 91 seats.Rating agency Moody's on Wednesday said the victory of the NDA in the recently concluded Indian general election would result in policy continuity.

Philanthropy has been practised by Indian companies for more than a century. Over the last few decades, some of it came to be led by women spouses of business leaders through corporate foundations, often with corporate social responsibility (CSR) activities playing a supportive role. But today, women in India and overseas are playing independent and impactful roles of leadership in philanthropy, bringing to their work distinctive styles and refreshingly innovative approaches.

«I think the best thing is to wait, wait for two-three days, let everything settle down. It is a very strong coalition. It is not a weak coalition. It is not that 30 parties are coming together with 2-2-3-3 seats which is the case of the opposition right now and trying to inch up a coalition,» says Sunil Singhania, Founder, Abakkus Asset Manager. How would you rate the market now given that there would be a change of gear both in terms of risk, PE and also in terms of how the economy would now move for next five years? Yes, I think the verdict is slightly lower than what markets expected but you have to also look at it from the perspective that till last week I think markets were expecting NDA to get 300 to 325 seats and BJP somewhere in the region of 270 to 290 seats.

Check out what's clicking on FoxBusiness.com

Chirag Paswan's capability as a politican as well as being a 'real' political heir of his father Ram Vilas Paswan, who died in 2020.

Stocks to buy or sell: After the disappointing Lok Sabha Election 2024 results, the Indian stock market witnessed a heavy bloodbath on Tuesday. The Nifty 50 index witnessed the worst-ever intraday loss in over four years, as the 50-stock index crashed 1379 points and finished at 21,884.

Lok Sabha Elections: The Bharatiya Janata Party (BJP) secured 240 seats in the Lok Sabha elections, falling short of a simple majority of 272 seats. However, the BJP-led National Democratic Alliance (NDA) comfortably crossed the majority mark of 272 seats, emerging as the largest alliance in the Lok Sabha.According to the Election Commission of India (ECI), despite aiming for 370 seats on its own and more than 400 with its allies, the BJP won 240 seats.

The hurly-burly is done. This year’s battle for India’s Lok Sabha, the world’s largest electoral exercise ever, was a story of vaulting ambition even by the high standards of Prime Minister Narendra Modi. In what seemed like an open dare for his Bharatiya Janata Party (BJP), he set for it the target of a two-thirds majority in Parliament: 370 seats.

Investor sentiment is fragile as Asian markets reach the mid-point of the week, with bubbling angst and political volatility across the emerging world compounding deepening concern over U.S. and global economic growth. Indian assets, in particular, have been on a wild ride this week in response to the country's general election result, a strong safety bid is driving the Japanese yen higher, and regional stocks are now down four out of the last five days.

Former Manhattan prosecutor Linda Fairstein and Netflix have announced they’ve settled the defamation lawsuit she filed four years ago over her portrayal in the streaming service’s miniseries about the five Black and Latino teenagers known as the now-e...

City of Atlanta officials say workers finished repairs on a ruptured water main on Tuesday

SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing environment.

democracy! Rarely has an election ended with the losers celebrating more than the winners. The BJP’s claim that it would exceed 400 seats has been exposed as a fairy tale. Voters have sent an unmistakable message that India is not going to become a saffronised fiefdom of the BJP.

BENGALURU : The brunt of the slowdown in India’s once highly vaunted edtech sector has fallen on its foot soldiers. As online tutoring startups struggle with falling revenues and reduced investor funding, they are cracking the whip on their salespeople, thrusting on them higher targets and longer hours while saving on incentives. Mint’s conversations with about two dozen sales executives across edtech firms including upGrad, Unacademy and Scaler suggest the situation may be heading from bad to worse, not only for the employees but also for the sector.