President Financial News

Prime Minister Narendra Modi and Union Home Minister Amit Shah. The state sends 26 members to Lok Sabha and has been a BJP stronghold for close to three decades. On April 6, a group of women from the Kshatriya (Rajput) community threatened to perform ‘johar’ (self-immolation) outside the BJP headquarters in Gandhinagar, Gujarat.

Congress manifesto. Kharge said that Modi-Shah's political and ideological ancestors supported the British and Muslim League against the Indians in the Freedom Struggle.

China has carried out military «combat patrols» in the disputed South China Sea, amid the US' first joint military exercises with the Philippines, Japan and Australia, Al Jazeera reported. China announced a naval drill on Sunday after defence chiefs from four nations said the Philippines will host joint drills in the same area on the same day. Beijing's People's Liberation Army (PLA) Southern Theater Command announced it was organising «joint naval and air combat patrols in the South China Sea».

oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence. A recent move by Mexico to slash its crude exports is compounding a global squeeze, prompting refiners in the US — the world’s biggest oil producer — to consume more domestic barrels. American sanctions have stranded Russian cargoes at sea, with Venezuelan supply a potential next target. Houthi rebel attacks on tankers in the Red Sea have delayed crude shipments. And despite the turmoil, OPEC and its allies are sticking with their production cuts. It all adds up to a magnitude of supply disruption that has taken traders by surprise. The crunch is turbocharging an oil rally ahead of the US summer driving season, threatening to push Brent crude, the global benchmark, to $100 for the first time in almost two years. That’s amplifying the inflation concerns that are clouding US President Joe Biden’s reelection chances and complicating central banks’ rate-cut deliberations.

Stephanie McMahon shocked everyone when she made a surprise appearance at WWE WrestleMania 40 on Sunday in Philadelphia's Lincoln Financial Field. It was a notable return to the wrestling scene after she departed from an executive role within the company in 2023. As she entered the arena, the cheering crowd went crazy when she said, «Every WrestleMania is special for its reason. Wrestlemania 40 might be the one I am most proud of, because this is the first WrestleMania of the Paul Levesque era.»

Wipro on Monday fell around 1% to the day's low at Rs 479 on BSE after investors were left surprised by the sudden exit of the Bengaluru-based IT major's CEO and MD Thierry Delaporte. About half of the brokerages have a sell rating on the Nifty IT stock as they believe that transition could create uncertainty in the near term before boosting hopes of a potential turnaround. Among global brokerages, CITI has a sell rating on Wipro with a target price of Rs 440, CLSA Rs 445 with a sell rating, and Morgan Stanley Rs 450 with an underweight call. Jefferies has an underperform rating on Wipro with a target price of Rs 470 while Nomura has maintained a reduced rating with an unchanged target price of Rs 410.

Mandi seat. The Bhartiya Janata Party (BJP) has fielded actor-politician Kangana Ranaut from Mandi - one of the four seats in the hill state going to polls in the last phase on June 1. Mandi seat is presently represented in the Lok Sabha by Vikramaditya’s mother, Pratibha Singh, who is also the state party president.

Treasury yields held firm after strong U.S. data heightened doubts on whether the Federal Reserve would deliver three interest rate cuts this year. FUNDAMENTALS * Spot gold was down 1.1% at $2,305.09 per ounce, as of 0109 GMT, after hitting a record high of $2,330.06 on Friday.

Elon Musk after the mogul criticized the magistrate and accused him of censorship for blocking social media accounts suspected of spreading disinformation. In an order seen by AFP, judge Alexandre de Moraes accused the owner of X of «criminal instrumentalisation» of the platform.

Elon Musk on Sunday called for the resignation or removal of a Brazilian Supreme Court justice whom the billionaire entrepreneur accused of censorship for blocking accounts suspected of spreading disinformation. «This judge has brazenly and repeatedly betrayed the constitution and people of Brazil. He should resign or be impeached,» Tesla and SpaceX boss Musk said of Alexandre de Moraes.

Buy or sell stocks for today: The Indian stock market ended flat on Friday after a weak opening. The Nifty 50 index finished marginally lower at the 22,513 level, the BSE Sensex added 20 points and closed at the 74,248 mark while the Bank Nifty index gained 432 points and finished at the 48,493 level.

Switch Hit on Election Pitch BJP general secretary Vinod Tawde, one of the most active office-bearers of the party, is creating a record of sorts. He has been presiding over the induction of leaders from other parties into BJP at New Delhi headquarters. Hardly a day goes by when some leader or celebrity is not inducted into BJP.

The White House described the recent phone call between US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu as “tense and challenging." And what else could it have been? For the first time since Hamas attacked Israel on 7 October and Israel began retaliating massively against the whole Gaza Strip, Biden demanded an immediate ceasefire. He apparently added an or-else: “If there are no changes in their policy," said a spokesperson, “there will have to be changes in ours." That still seems too little too late to lots of people, even and especially in Biden’s own government.

Prashant Kishor said the only way the Congress party can revive from here is for Rahul Gandhi to step back and let someone else take charge. "This according to me is also anti-democratic," said Kishor told PTI pointing out that Rahul Gandhi has been running the party for the past 10 years unsuccessfully and still he is not willing to step aside to let somebody else steer the Congress party. "When you are doing the same work for the last 10 years without any success, then there is no harm in taking a break...

BENGALURU : Wipro Ltd chair Rishad Premji asked chief executive officer Thierry Delaporte to step down during a late March phone call, where the Frenchman wanted to know if he’d get a second term at the company which has trailed rivals amid an employee exodus. Delaporte, whose five-year term was to end on 5 July, 2025, told Premji that India's fourth largest IT services company should do better in the second half of FY25, two executives aware of the call said, despite Wipro not expected to grow in the April-October period.

Mumbai Indians' captain Hardik Pandya finally received some reprieve from the unending booing he had been subjected to in the last few days, during Sunday's IPL clash against Delhi Capitals at the Wankhede Stadium in Mumbai. Pandya had faced hostility from crowds in previous matches at different stadiums, including Narendra Modi Stadium in Ahmedabad and Rajiv Gandhi International Stadium in Hyderabad. The 29-year-old had been under scrutiny both in person and on social media after his return to Mumbai Indians as captain, replacing Rohit Sharma. During Mumbai Indians' previous home game against Rajasthan Royals, Pandya faced continuous booing, prompting former cricketer Sanjay Manjrekar to appeal to fans for restraint.

Market regulator Securities Exchange Board of India (SEBI) is considering some major changes in the private placement memorandum of alternative investment funds. To facilitate the ease of doing business, Sebi has proposed that the PPM of the AIF can be directly submitted to the market regulator rather than processing it through a merchant banker. Prime Minister Narendra Modi launched a scathing attack on Congress chief Mallikarjun Kharge over his comment on Article 370.

Fintech provider Pontera has just announced the latest addition to its web of relationships with wealth firms with an agreement to expand access to its secure, client-permissioned platform for managing 401(k) plans to advisors with Ameritas.

Rajnath Singh on Sunday termed Prime Minister Narendra Modi's guarantee as 24-carat pure gold and said there is distrust among people about the guarantees of the Congress. He said Prime Minister Modi delivers whatever he says and people of the country are its witness. «PM Modi's guarantee is 24-carat pure gold whereas there is a distrust among people about the guarantees of the Congress,» Singh told reporters at a press conference here. The Lok Sabha elections are due in the state on April 19 and 26.

Nadda on Sunday charged that the INDI Alliance leaders, who are either on bail or in jail, were keen on protecting the corrupt people whereas Prime Minister Narendra Modi was striving hard to end corruption in the country. Those leaders such as Delhi Chief Minister Arvind Kejriwal, were in prison while Congress leaders including Sonia Gandhi and her son Rahul were on bail, Nadda said and claimed the opposition leaders presented a contrasting picture compared to the Prime Minister who is an epitome of development and determined to end corruption. «Prime Minister Narendra Modi says I will finish corruption, but the INDI alliance leaders say save the corrupt people. That is their working style. In Tamil Nadu, the DMK, which stands for Dynasty Money Swindling and Katta Panchayat and its ally the Congress are corrupt. All of them are trying to save their families and dynasties and themselves from their corruption,» Nadda said addressing a rally here.

Indian Constitution, party leader Jairam Ramesh on Saturday hit back at the Bharatiya Janata Party (BJP). The remarks came after BJP criticized Kharge for “mistakenly" referring to Article 371 while speaking about the abrogation of Article 370, saying the opposition party's ‘Italian culture’ is to be blamed for not understanding the very idea of India.