BUY VOTES
Congress a parasite for its allies, eats up their votes, says PM Modi
PM Modi criticized Congress in his Lok Sabha speech for failing to secure over 100 Lok Sabha seats in three consecutive terms. He accused them of avoiding introspection, engaging in constant attacks on BJP, and neglecting their role as the opposition in parliament.
UK election: Rishi Sunak hunts for votes among the robots, at 4:50 a.m
Sunak, who has often looked exhausted as he crisscrossed the country during a six-week campaign, started the penultimate day before Thursday's vote in a vast Ocado warehouse in Luton, north of London, watching robots pick items for delivery.
JK Solutions-led group's Valecha buy gets NCLT nod
Nishit Dhruva stressed the importance of saving jobs and assets through successful resolution. The consortium plans to pay creditors ₹79.52 crore against total liabilities of ₹2,869 crore, including financial creditors like JC Flowers Asset Reconstruction and State Bank of India.
Gold rises as US bonds rally on inflation data and safe haven buying
Investors are concerned that a political crisis is brewing in France in the wake of French President Macron's call for a snap parliamentary vote after his party got trounced by the far-right Marine Le Pen's National rally in the recently concluded European elections.
Yen falls after BOJ decision; euro stutters towards weekly loss
The yen fell after the Bank of Japan kept rates unchanged and announced plans to reduce bond buying. Meanwhile, the euro faced political turmoil and a weekly loss.
Bank of Japan to trim bond buying, keeps rates steady
Under Governor Kazuo Ueda, the Bank of Japan announced a tapering plan at its July meeting, aligning with previous decisions. The central bank's move towards normalising monetary policy comes amidst global central banks tightening policy to combat inflation.
Euro slips to one-month low as Macron calls French election
The euro fell as French President Emmanuel Macron called a shock election after far-right gains in European Parliament elections. U.S. nonfarm payrolls data showed job growth exceeding expectations, impacting Fed rate cut expectations.
Election results and markets: Is it time to buy the dip or sell the rise?
The election results have diverged from expectations set by exit polls, possibly due to lower voter turn-out and anti-incumbency factor.
Record Rs 10,000 crore seized during elections: Chief Election Commissioner
India's Chief Election Commissioner Rajiv Kumar revealed the Election Commission's record seizure of Rs 10,000 crore during the recent Lok Sabha elections, preventing vote buying and corruption. The number was Rs 3,477 crore seized in 2019. Kumar praised the EC's efforts in curbing the distribution of freebies like liquor and clothing, noting a decrease in such practices. He highlighted the prevention of money giveaways in southern states and emphasised the importance of stringent measures.
Adani surge helps indices break losing streak on eve of exit polls
Adani Group stocks surged up to 9% after brokerage Jefferies recommended buying shares of four companies within the conglomerate in Mumbai.
BJD doling out cash, alleges Dharmendra Pradhan
"Cash-for-votes has been BJD's go-to method to sway voters. The news of involvement of government officials in distribution of money in the premises of state government Mission Shakti Bhawan in Remuna assembly is deplorable. A CM that claims to be number one has to resort to such undemocratic and unfair methods to gain electoral advantage. BJD has made a joke of free and fair elections," Pradhan wrote on social media platform 'X'.
Punjab Lok Sabha elections: End of BJP-SAD alliance, farmers protest & panthic vote split defining election
Elections to the 13 parliamentary constituencies of Punjab are marked by many firsts, the biggest being that this is the first time in almost three decades that longterm allies BJP and Shiromani Akali Dal (SAD) are contesting as adversaries. Nidhi Sharma examines theelectoral impact of changing political alignments in Punjab, the waning clout of the SAD, fragmentation of thetraditional Panthic vote, possible consolidation of Hindu vote in urban centres and the farmers’ protest
NCLAT upholds NCLT order on Jaypee Infra; asks Suraksha to pay additional Rs 1,300 crore
NCLAT affirmed Suraksha Realty's acquisition bid for Jaypee Infratech but mandated an extra Rs 1,300 crore as farmers' compensation. The decision aimed to expedite the resolution plan, addressing concerns of stakeholders, including homebuyers and YEIDA. Suraksha pledged timely payment, aiming to resolve the debt-ridden firm's fate.
In the fight between bulls and bears, these set of companies always win: 4 stocks with upside potential of up to 21%
Recently the finance minister, Nirmala Sitharaman spoke about the risk of unchecked explosion of future and option trading. Before that, there was a SEBI study, which mentioned that 90 % of the individuals who trade in future and options ( F&O) end up losing money; only 10% are able to make profit. But there is another side to the story. First is that trade volumes in this segment are only going to rise. Second, what is the common between both the losers and winners? They both brokerage to their stock broker and also pay transaction fees to the stock exchange. So, who is the constant and permanent winner? The stock exchange and the stock broker. Yes, policy makers will bring in more checks, but the hard fact is that those checks will only be partially effective for a short period of time as the turnover in the F&O will continue to rise for the foreseeable future. One can control anything, but not the hope and greed on the street.
Low voter turnout means doomsday? 6 reasons why investors are overreacting
Investors fear low voter turnout affecting Sensex, Nifty, India VIX, and Dalal Street. Pashupati Advani warns of market dive if BJP doesn't secure 250 seats. Speculations and analysis highlight market worries in states like Kerala, West Bengal, and Tamil Nadu. The link between voter turnout and anti-incumbency is uncertain.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 33%
These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
BJP paying money to buy votes: Mamata Banerjee
West Bengal CM Mamata Banerjee accused BJP of buying votes with amounts ranging from Rs 5,000 to Rs 15,000, labeling BJP leaders as former CPI(M) 'harmads'. She urged voters to avoid BJP to prevent a reign of terror, emphasizing the need to alter the power equation in Delhi. Banerjee criticized BJP for defaming Bengal and alleged job snatching.
Sensex falls 250 pts tracking negative cues from Asian markets; Nifty below 22,250
Indian indices fell today tracking Asian market decline and due to election uncertainties. Sensex losers incl. L&T, HUL; JSW Energy rises. Voltas shares fall.
Why elections are La-La outlandish
Indian elections often feature surprising twists, like Akshay Kanti Bam switching from Congress to BJP. Initially objected to by BJP due to old charges, Bam's move leaves voters with new choices. This highlights the dynamic nature of Indian politics, where loyalty to party or candidate often shapes decisions. Despite such maneuvers, some view these shifts as smart politics rather than questionable tactics, reflecting the unique flavor of Indian electoral drama.
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