Maharashtra Navnirman Sena (MNS) chief Raj Thackeray launched a scathing attack on the ruling Bharatiya Janata Party (BJP), questioning the outcome of the recent Maharashtra assembly elections and alleging hypocrisy in the BJP's stance on corruption. He also hinted at internal changes within the MNS, emphasizing the need for discipline and a renewed focus on the party's goals.
The US Fed interest rate decision, domestic inflation data and global trends would be key driving factors in dictating movement in the market this week, as the Lok Sabha elections outcome and the RBI policy decision are behind us, analysts said. The past week was a roller-coaster ride for investors as markets swung sharply in both directions before closing with strong gains.
Lingayats are said to constitute about 17 per cent of Karnataka's population, and the community has dominance in as many as 100 out of total 224 constituencies, majority of these seats being in north Karnataka region.
The ruling BJP-led Mahayuti alliance appeared set to retain power in Maharashtra, and was leading in 214 of the 288 assembly seats, as per the latest figures by the Election Commission.
Sanjay Singh, the Brij Bhushan Sharan Singh loyalist, on Wednesday exuded confidence of sweeping the much-delayed Wrestling Federation of India (WFI) elections, saying the fraternity knows who would be beneficial for the sport and who could inflict damage to it.
Never before in the history of the Republic has an election in the state mattered so much as it does now, observes Virendra Kapoor.
The BJP won the Chandigarh mayoral election on Thursday, defeating the AAP-Congress alliance. Harpreet Kaur Babla of the BJP was elected as the new mayor, while the AAP-Congress alliance won the posts of senior deputy mayor and deputy mayor. The victory of the BJP candidate indicated that cross-voting took place during polling. The Supreme Court had previously overturned the result of the 2023 mayoral poll, which had seen the BJP candidate win despite allegations of tampering with ballots. The court had ordered prosecution of the returning officer for the poll, Anil Masih, a BJP leader, for his "misdemeanour." The court had also declared defeated AAP-Congress alliance candidate Kuldeep Kumar as the new city mayor. This latest victory is a significant win for the BJP in the city and represents a setback for the AAP-Congress alliance.
A new analysis has shown that hate speech on the social media platform 'X' spiked by almost 50 percent in the months following Elon Musk's purchase, compared to the months prior. Researchers found that the number of bot and bot-like accounts did not decline during Musk's tenure as CEO, until June 2023. The study, published in PLOS One, also revealed a heightened engagement with hate-related content, with about a 70 percent increase in the average number of 'likes' on such posts.
Birj Bhushan loyalist Sanjay Singh becomes new WFI president
Congress MP Shashi Tharoor has defended his praise for Prime Minister Narendra Modi following his meeting with US President Donald Trump, stating that he spoke with India's interests in mind. Tharoor said that Modi's US visit had yielded some positive outcomes for the Indian people and noted that Modi being the fourth world leader to meet Trump after he took office underscored India's growing importance on the global stage. However, he also pointed out that the visit left some questions unanswered, such as why the issue of how illegal immigrants were returned to India was not addressed. Tharoor also criticized the tendency of political parties to oppose each other reflexively, saying that there has to be some give and take in a democracy.
Sebastian Coe, frontrunner for the International Olympic Committee (IOC) presidency, has hailed the inclusion of cricket in the 2028 Los Angeles Games, stating it will open up new markets, crucial for the Olympic movement's growth. He emphasized the sport's extensive support base beyond South Asia, particularly in major cities with large South Asian communities.
EPS has had its way on most things, alliance-wise. A week earlier, he reiterated that he would not re-admit OPS and Sasikala Natarajan back in the party. It was a message not just to detractors in the AIADMK. It was even more so for the BJP leadership in Delhi. Even more important for the AIADMK was their demand for accepting EPS as the chief ministerial candidate of any alliance that the party would form, observes N Sathiya Moorthy.
'In Independent India's politics you will not find any leader of a political party who has not contested elections or not held a powerful post.' 'It was only Balasaheb who never contested elections or held a post.' On the occasion of Balasaheb Thackeray's 99th birth anniversary, close aide Subhash Desai recalls vignettes about the Shiv Sena founder.
The grilling of Brigadier-General Dyer by Akshay Kumar's Sir C Sankaran Nair, as shown in Kesari 2, is purely an imaginary sequence, proves Utkarsh Mishra.
Stocks in the automotive, financial, cement, metal, and hotel sectors are likely to benefit if the Narendra Modi-led Bharatiya Janata Party (BJP) comes back to power for a third time. The key investment themes have been identified after analysing the Sankalp Patra - the party's manifesto for the next five years - released on Sunday.
Raut claimed that by not deciding on the disqualification petitions, Chandrachud kept doors and windows open for defections.
In a landmark verdict, the Supreme court fixed a timeline for Governor to act on bills passed by the state legislature as it pulled up Tamil Nadu Governor R N Ravi for reserving 10 bills for President's consideration, saying it was against the constitutional provisions.
The parliamentary election result was also to prove that the Maldivians want "autonomy in choosing their future, without foreign coercion," President Muizzu said, without naming any country, according to the Sun.mv news portal.
Congress president Mallikarjun Kharge has called for tough decisions and unity within the party after the Congress suffered electoral defeats in Maharashtra and Haryana. In a meeting with top party leaders, Kharge highlighted the need to strengthen the organization from the grassroots, fix accountability, and address internal bickering. He also urged leaders to remain united and avoid public criticism of each other. The Congress chief expressed concern over the party's performance in state elections despite a strong showing in the Lok Sabha polls earlier this year. He acknowledged the need to learn from the setbacks and improve the party's strategy and communication to counter its rivals' propaganda.
Sections of our media and elites take Western reports/judgements at face value and are ready to condemn the targets without understanding the deeper power linkages behind such actions, asserts Colonel Anil A Athale (Retd).
Prime Minister Narendra Modi received a tri-services ceremonial welcome in Colombo, Sri Lanka, marking the first time such an honor has been bestowed upon a foreign leader. The welcome took place at the historic Independence Square, the venue for national day celebrations. Modi's visit comes as Sri Lanka shows signs of recovery from a recent economic crisis, with India playing a significant role in providing assistance. During the visit, both leaders are expected to discuss a range of issues, including defense cooperation, energy, and digital initiatives.
A division bench of Justices AS Chandurkar and Rajesh Patil stayed the government's September 19 circular, temporarily postponing the election.
If the DMK is able to sustain the momentum until the assembly polls, the AIADMK especially and the PMK and possibly the infant TVK too would find it hard to sign up with the BJP, explains N Sathiya Moorthy.
Trump made these remarks after Elon Musk-led DOGE's (Department of Government Efficiency) disclosed that USAID contributed USD 21 million to Election Commission for boosting voter turnout.
There is a proposal from the BJP camp that they would resort to a proportion-based increase in the number of Lok Sabha seats for individual states, based on what they now have. On the face of it, this sounds like a fine argument that those demanding a 'freeze' now cannot oppose without reasons and justification, avers N Sathiya Moorthy.
The two-phase assembly elections will be held on December 1 and 5 while the counting of votes will be taken up on December 8.
The Mahayuti landslide in Maharashtra will leave the state assembly without a leader of opposition as no party outside the ruling alliance has been able to get the mandatory minimum 29 seats.
The extension aims to facilitate negotiations for a solution that safeguards national security and allows the app to continue operating in the United States. Trump proposed a joint venture granting the US a 50 per cent ownership stake in TikTok.
They will meet the winner of Wednesday's second semi-final between South Africa and New Zealand in the final in Dubai on Sunday.
'He needs to see results while he is in office.'
Despite the rally in equities over the last few years, India, according to Christopher Wood, global head of equity strategy at Jefferies, is still in early stages of an equity cult. Any changes to the capital gains tax for equities - both long-term and short-term - in Budget 2024 scheduled to be announced on July 23, he believes, can trigger a bigger correction that what the markets witnessed post the Lok Sabha election outcome on June 4 that saw the Bharatiya Janata Party (BJP) lose majority, though it was able to form the government with the help of coalition partners.
Investors' wealth jumped Rs 13.78 lakh crore on Monday as the benchmark equity index Sensex hit its lifetime high after exit polls predicted a massive win for the BJP-led NDA in the Lok Sabha polls. The 30-share BSE Sensex jumped 2,777.58 points or 3.75 per cent to hit a record peak of 76,738.89 in early trade. The benchmark finally ended at 76,468.78, registering a sharp rally of 2,507.47 points or 3.39 per cent.
The Congress appeared to have bounced back in the state's political landscape after suffering a humiliating defeat at the hands of the AAP in the 2022 Punjab assembly polls.
Market chatter suggests that the BJP could win fewer than 300.
'The political situation in the country will depend on the electoral outcome in Maharashtra.'
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
The outcome of the general elections, the Morgan Stanley note says, has enough firepower to sway the markets on either side.
RBI's interest rate decision, quarterly earnings and global cues would be the major driving factors for equity markets this week, analysts said adding that the impact of the Union Budget could linger on this week. Trading activity of foreign investors will also be a key driver for the markets, experts noted. "US and India's manufacturing PMI for January to be released on Monday, will be the key macro data to watch out for.
As the poll projections start for the United States presidential elections, Vice President and Democrat Candidate Kamala Harris will not address supporters on Wednesday night (local time), but is expected to speak on Thursday (local time).
