Sensex soars 1,300 points in post-poll rally; Adani stocks surge with flagship firm gaining 4%
Nov 25, 2024, at 07:32 pm
Mumbai/IBNS: Indian stock markets rallied sharply on Monday (Nov. 25) following the BJP-led NDA's decisive victory in the Maharashtra assembly elections, which includes Mumbai, India’s financial hub.
Election shortfall of Narendra Modi's BJP leaves Wall Street scrambling
Jun 06, 2024, at 05:18 pm
New York/IBNS: A major political setback for Narendra Modi's BJP has business executives in the country furiously making calls, trying to better understand the impact on India’s economy and investment landscape following Modi’s failure to secure a supermajority for his BJP in the lower house of the Parliament.
PM Modi's smaller mandate can slow India's fiscal tightening: Moody's analyst
Jun 06, 2024, at 01:44 am
With Prime Minister Narendra Modi-led National Democratic Alliance getting a smaller mandate in the recently concluded Lok Sabha elections, reforms that could have potentially facilitated aggressive fiscal consolidation might face obstruction, an analyst at Moody's Ratings said on Wednesday.
Sensex, Nifty recover after posting worst day in 4 years as poll verdict anxiety eases
Jun 05, 2024, at 06:01 pm
Mumbai/IBNS: Indian benchmark equity indices recovered on Wednesday (June 5) after posting their worst day in over four years in the previous session as Narendra Modi's BJP and its allies (NDA) secured lesser seats in the Lok Sabha election results declared on Tuesday (June 4).
FPIs may cut bearish bets, releasing bulls on D-Street today following BJP’s exit poll surge
Jun 03, 2024, at 08:29 pm
Mumbai/IBNS: Traders and experts predict that overseas investors, known as Foreign Portfolio Investors (FPIs), will reduce their negative bets on the stock market on Monday (June 3) after the exit polls released on Saturday (June 2) indicated a strong performance by the Bharatiya Janata Party (BJP) in the national elections, reports said.
Jun 02, 2024, at 10:12 pm
Mumbai: With all eyes trained on the Lok Sabha Election results, illegal betting in grey markets have garnered attention with their survey predictions, especially now when their calculations have fallen in line with those of exit polls, according to media reports.
May 31, 2024, at 10:06 pm
New Delhi: The Enforcement Directorate (ED) has seized Rs 64,920 crore related to nearly 1,105 bank fraud cases to date, Finance Minister Nirmala Sitharaman reiterated on May 31 in a series of posts on the social media platform X.
Lok Sabha polls: How share market may react under 3 possible elections outcome
May 31, 2024, at 06:25 pm
Mumbai/IBNS: The six-week long Lok Sabha elections have reached its final stage with the Election Commission of India (ECI) going to hold the last phase of polls on Saturday (June 1), and the financial markets are eagerly waiting for the national polls' verdic, which is scheduled to be counted on June 4.
BJP's decisive win may send stock market into a strong bull run, says FM Nirmala Sitharaman: Report
May 31, 2024, at 04:55 am
New Delhi: Finance Minister Nirmala Sitharaman has stated that a decisive mandate in favour of the BJP-led NDA government on June 4 would send a positive signal to the stock market, and may drive it into a 'solid bull market'.
CLSA predicts BJP victory may fuel rally in 54 'Modi stocks'
May 30, 2024, at 06:07 pm
Mumbai/IBNS: Hong Kong-headquartered international brokerage firm CLSA said on Wednesday that a landmark third term for the ruling Bharatiya Janata Party (BJP) on June 4 will directly benefit 54 stocks, which include public sector undertakings (PSUs), infrastructure companies and shares of some corporate groups.
May 25, 2024, at 08:49 pm
New Delhi/IBNS: Bernstein Research, in its latest India Strategy report, said a tally of around 330-350 seats for the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government in the ongoing Lok Sabha elections could trigger a short-term rally in stock markets with the benchmark Nifty index breaching the 23,000-mark post-elections.
May 15, 2024, at 02:24 am
Kolkata: Emphasising the goal of 'Viksit Bharat' (developed India) by 2047, as envisioned by Prime Minister Narendra Modi, External Affairs Minister S Jaishankar on Tuesday urged business associations to partner with the government to ensure the revival of the country's manufacturing sector with the target of surpassing USD 30 trillion GDP.
Centre notifies liberalised norms for FDI in space sector
Apr 18, 2024, at 04:34 am
New Delhi: The government on Wednesday notified changes to the foreign direct investment regulations in the space sector, aiming to attract international investors into satellite manufacturing and satellite launch vehicle sectors.
Govt open to divesting stake in SBI, ONGC: Nirmala Sitharaman
Feb 03, 2024, at 05:07 am
New Delhi: Finance Minister Nirmala Sitharaman on Friday stated that the government is open to the concept of disinvesting equity stakes in prominent Public Sector Undertakings (PSUs), including the likes of State Bank of India (SBI) and Oil and Natural Gas Corp (ONGC).
'India's future vehicles will run on hydrogen and green fuels': Nitin Gadkari
Feb 26, 2023, at 06:13 am
Mumbai/IBNS: Hydrogen is our future fuel and India’s future vehicles will run on hydrogen and green fuels, Union Minister Nitin Gadkari said on Saturday.
PM lays foundation stone of ‘Banas Dairy Sankul’ and other projects in poll bound Uttar Pradesh
Dec 24, 2021, at 01:32 am
Varanasi/IBNS: Prime Minister Narendra Modi Thursday laid the foundation stone of ‘Banas Dairy Sankul’ at the UP State Industrial Development Authority Food Park, Karkhiyaon, Varanasi.
7 BJP-ruled states announce additional petrol, diesel price cuts
Nov 04, 2021, at 06:53 am
New Delhi/IBNS: Hours after the Centre announced a cut in excise duty on petrol and diesel by Rs 5 and Rs 10 respectively, seven BJP-ruled states - Assam, Tripura, Manipur Karnataka, Goa, Himachal Pradesh and Uttarakhand - have announced additional cuts in prices on Wednesday.
Arvind Kejriwal makes seven new promises to Goa people as AAP counters BJP
Sep 21, 2021, at 07:54 pm
Panaji/IBNS: Delhi Chief Minister and Aam Aadmi Party (AAP) supremo, Arvind Kejriwal, has made seven new promises to the people of Goa, where the party is taking on the ruling Bharatiya Janata Party (BJP), months ahead of the next assembly elections.
Bengal: TMC leader Firhad Hakim caught abusing BJP, CISF in viral video
Apr 20, 2021, at 08:40 pm
Kolkata/IBNS: In another new low in the West Bengal politics, Trinamool Congress (TMC) candidate from Kolkata Port, Firhad Hakim, was heard abusing the Bharatiya Janata Party (BJP) and Central Industrial Security Force (CISF) in a video, which went viral on social media.
Government increases fuel excise duty by Rs. 3 per litre
Mar 14, 2020, at 02:09 pm
New Delhi/IBNS: Making the steepest hike in eight years, the Centre on Friday increased fuel excise duty by Rs. 3 per litre, media reports said.
Sensex jumps over 1400 points amid exit poll predictions that NDA will form the government again
May 20, 2019, at 03:37 pm
Mumbai, May 20 (IBNS): A day after major exit polls predicted that Narendra Modi and his Bharatiya Janata Party are going to return at the Centre to form the government for a second straight term, the Indian market responded positively with the Sensex even gaining more than 1,400 points.
Traders to support Narendra Modi's BJP in Lok Sabha elections
Apr 21, 2019, at 05:34 pm
New Delhi, Apr 21 (UNI) Confederation of All India Traders (CAIT), the apex body of business community has declared to support and vote Prime Minister Narendra Modi and the BJP in Lok Sabha Polls.
In Cong-JD-S ruled Karnataka, 25 farmers committed suicide every month, says report
Dec 20, 2018, at 05:51 pm
Bengaluru, Dec 20 (IBNS): The populist measure like farm loan waivers to address the agrarian crisis has been adopted by the political parties to win big in the elections, but farmers continue to commit suicide in Indian states like Karnataka which is ruled by a combination of the Janata Dal-Secular and Congress.
Fuel prices rise for 15 days in a row
May 28, 2018, at 05:29 pm
New Delhi, May 28 (IBNS): The petrol and diesel prices continued to rise for the 15th consecutive day, creating problems for people in major cities of the country.
Indian market rallies on BJP win, NSE closes above 9000 first time ever
Mar 14, 2017, at 10:04 pm
Mumbai, Mar 14 (IBNS): The market reacted positively to the Bharatiya Janata Party's overall success in the recently concluded state Assembly elections, especially the significant win in Uttar Pradesh, and rallied to a record high on Tuesday.
Demonetisation: It seems our team did not do its homework properly, says Shatrughan Sinha
Nov 25, 2016, at 05:04 pm
New Delhi, Nov 25 (IBNS): Expressing concern over the present economic scenario in the wake of notes ban, senior BJP leader Shatrughan Sinha has said that his 'team' has not done its homework properly.