Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of correction.
The upcoming Delhi Assembly elections are set to be a thrilling contest between the ruling Aam Aadmi Party (AAP), the resurgent Bharatiya Janata Party (BJP), and the Congress. The BJP is focusing on its "Parivartan" (change) slogan and a targeted campaign against AAP over corruption allegations, while AAP is highlighting the credibility of its leader, Arvind Kejriwal, and his promises to deliver on his promises. The Congress, seeking to reclaim its lost footing in the national capital, is also campaigning with a renewed vigor.
The Indian Army and Indian Air Force rescued pilgrims from landslide-affected areas of Sonprayag on Tuesday, August 6, 2024, and from Kedarnath Dham on Monday, August 5, 2024 respectively.
The Mahayuti alliance in Maharashtra, comprising the BJP, Shiv Sena, and NCP, will decide whether only the chief minister and deputy CMs will take the oath of office on December 5, or whether ministers will also be sworn in. The swearing-in ceremony is scheduled for the evening at Azad Maidan in south Mumbai, with Prime Minister Narendra Modi attending. While BJP sources have indicated that Devendra Fadnavis is the frontrunner for the chief minister's post, the BJP legislature party leader is yet to be appointed. NCP chief Ajit Pawar has stated that the chief minister will be from the BJP, with deputy CMs from the Shiv Sena and NCP. The Mahayuti alliance secured a landslide victory in the assembly elections, winning 230 seats out of 288. The government formation has been delayed due to disagreements on the chief minister's position.
Finance ministers of states demanded an increase in allocation under 50-year interest-free loan scheme, while fiscally stressed states like Punjab and Kerala pitched for a special package and borrowing flexibility, sources said on Friday. In a pre-budget meeting with Union Finance Minister Nirmala Sitharaman, states have also urged for higher borrowing limits to support fiscal activities, besides additional funds for Jal Jeevan Mission.
Torrential rains pounded the tiny Himalayan state of Sikkim and the tea growing region of North Bengal, causing landslides that cut off National Highway-10, the main road linking Gangtok with the rest of the country.
Some British Hindus have taken to social media to voice their objections over a lack of proper consultation ahead of a Diwali reception hosted by Prime Minister Keir Stramer at 10 Downing Street in London, where reportedly non-vegetarian snacks and alcohol were included on the menu.
With the fresh fatalities, the total number of people losing their lives in this year's flood and landslides across the state has gone up to 42.
'Maharashtra election result is a chamatkar of EVM.' 'There has been a sudden one percent rise in the voting percentage after the counting day.' 'This is what made the difference to the election results.' 'How did this vote percentage increase after counting day?
The DYFI has been organising numerous challenges and festivals across the state as part of its various fund-raising events to help the rehabilitation efforts for the survivors of the devastating landslides in Wayanad district on July 30.
'Since there is no photo-op, or quick fix solutions, politicians do not want to address climate change. It is very unfashionable.'
NCP (SP) chief Sharad Pawar has alleged misuse of power and money to control the election mechanism in Maharashtra, calling for a mass revolt. He cites claims of EVM manipulation by the opposition Maha Vikas Aghadi (MVA) and says that the situation was unprecedented, with money and power used to control the entire election process. Pawar also expressed concerns about the suppression of opposition voices in Parliament and the lack of response to concerns about EVM manipulation.
'It was specifically mentioned in the Gadgil Committee report that this particular area where the colossal landside happened now should be in the Environmentally Sensitive Area under Zone 1.' 'Zone 1 is the most important and ecologically sensitive area, and that it has to be protected entirely.' 'At least 90% of the Wayanad disaster is man-made.'
Kerala Chief Minister Pinarayi Vijayan on Thursday said the rescue mission in the landslide-hit Mundakkai region of Wayanad could take a few more days, and appointed a cabinet sub-committee of four ministers to coordinate the rescue efforts.
Police said around half-a-dozen dumper trucks and some machines were buried under the debris caused by the landslide which occurred around 9 am in Tosham block.
The formation of a new government in Maharashtra has been delayed due to a disagreement between the Shiv Sena and BJP over who should be the next chief minister. Shiv Sena insists on Eknath Shinde continuing as CM while the BJP favors Devendra Fadnavis. The delay comes despite the BJP-led coalition winning a landslide victory in the recent assembly elections. Sources suggest that the coalition has not reached a consensus on the CM, with various leaders from both parties voicing their opinions on the matter.
'Ajit Pawar is trying to sideline us; he is trying to be in the BJP's good books at our cost.'
Officials said around 1,300 pilgrims are stranded in Kedarnath, Bhimbali and Gaurikund, and are safe.
Heavy rains lashed parts of Jammu and Kashmir on Wednesday, triggering flash floods and landslides that blocked the strategic Jammu-Srinagar national highway with hundreds of vehicles stranded, and prompted authorities to shut schools in Doda, Kishtwar and Ramban districts.
Women-centric schemes could have proved a game-changer in both Maharashtra and Jharkhand, as both states witnessed a surge in women voters in the recently held assembly polls as well as return of the ruling alliances with a thumping majority.
Devendra Fadnavis is the frontrunner to become the next chief minister of Maharashtra, according to a senior BJP leader.
The Bharatiya Janata Party on Saturday pulled off a stunning performance in Maharashtra winning a record number of seats to propel the party-led ruling Mahayuti alliance to a landslide victory while the Indian National Developmental Inclusive Alliance (INDIA) stormed back to power in Jharkhand on the back of a spectacular showing by the Jharkhand Mukti Morcha.
The Army, National Disaster Response Force and local rescue teams have been called in for the rescue work, the Kinnaur deputy commissioner said.
The race for the Maharashtra Chief Minister post has intensified following the Mahayuti coalition's landslide victory in the state assembly polls. The Shiv Sena has backed Eknath Shinde for the top job, citing the Bihar model, while the BJP has thrown its weight behind Devendra Fadnavis, emphasizing his leadership qualities and understanding of the state. The BJP's preference for Fadnavis stems from its dominance in the alliance with 132 seats, compared to Shiv Sena's 57 seats. Amidst these developments, both parties have held meetings to discuss the matter, while Fadnavis and other BJP leaders have denied any dispute over the CM's post.
Twelve people, including three of a family, were killed and six injured in heavy overnight rains that triggered flooding and house collapse as several rivers swelled in Uttarakhand, officials said on Thursday.
Uddhav Thackeray, who played the bold gambit of taking on the ally Bharatiya Janata Party in 2019 and forged an unlikely alliance with the Congress and the Nationalist Congress Party, was on Saturday left struggling to make sense of his party's rout in the Maharashtra assembly elections.
As suspense over who will become the next Chief Minister of Maharashtra continues, Nationalist Congress Party leader Chhagan Bhujbal on Sunday backed his party's chief, Ajit Pawar, for the top post.
'As we enter 2025, it must be acknowledged that there is a convergence of capital, influential people (from business and politics) and technology deciding the destiny of others in the name of pride, patriotism, nationalism, nation building, all of it thinly veiled disguises for personal profit and glory,' asserts Shyam G Menon.
The Labour Party in the UK secured 412 seats in the 650-member House of Commons in the general elections.
'Pro-incumbency worked big time for the ruling party.' 'It has never happened in the past of pro-incumbency working so much for the ruling party.'
What India needs more than one simultaneous election is better governance both at the central and state level. Yes, we need reforms, but our priority should be to make elections less expensive, make it more democratic, do away with freebies which are actually bribes before elections, allow only those who are educated to contest, and bring in a bill to make it impossible for criminals to contest, advocates Ramesh Menon.
The BJP-led Mahayuti alliance, which secured a landslide victory in the recent Maharashtra assembly elections, is set to form the new government in the state. Outgoing Chief Minister Eknath Shinde, his deputies Devendra Fadnavis and Ajit Pawar met Union Home Minister Amit Shah to finalize a power-sharing agreement. The alliance partners, BJP, Shiv Sena and NCP, will decide on ministerial berths at the meeting with Shah. Political circles are abuzz about the social equations in Maharashtra influencing the choice of the next Chief Minister.
The rout of Sharad Pawar-led faction has raised questions over his political future with a potential risk of a further slide in the party flock in future.
Leader of Opposition VD Satheesan on Sunday said the UDF will take part in all the rehabilitation efforts and work towards restoring normalcy in the lives of the survivors.
Harris will appoint hundreds of extreme far-left judges to 'forcibly impose crazy San Francisco liberal values' on Americans nationwide, he alleged, invoking the spectre of San Francisco -- a liberal city long used as shorthand by conservatives eager to denigrate Democrats.
The Bharatiya Janata Party-led Mahayuti alliance on Saturday retained power in Maharashtra, pocketing a whopping 230 of the 288 assembly seats, as the Congress-led Maha Vikas Aghadi's dream of wresting power fizzled, with the opposition combine managing to garner just 50 seats.
The massive victory of Bharatiya Janata Party-led Mahayuti in Maharashtra indicates a tactical course correction post the Lok Sabha debacle, with factors like Rashtriya Swayamsevak Sangh's active role in the poll campaign, Ladki Bahin scheme, rise in women voting, and subtle message of Hindutva playing a crucial role.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
Keir Starmer, in his first speech as the UK's new prime minister, on Friday pledged to heal the "weariness in the heart" of Britain and rebuild the country after a landslide Labour victory in the general election.
Indian Olympian Vinesh Phogat swaps wrestling arena for politics. Phogat retired from wrestling after she was disqualified ahead of the women's 50 kg freestyle final for failing to make weight.
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