In a breakthrough that could end the political uncertainty in Pakistan, the Pakistan Muslim League-Nawaz and the Pakistan Peoples Party have agreed on a power-sharing deal to form a new coalition government after intense negotiations following a fractured poll verdict.
India's exports may have touched an all-time high of $422 billion in 2021-22 but recession in key western markets and geo-political crisis due to the Russia-Ukraine war are expected to impact the growth of the country's outbound shipments in 2023. All the global trade promoting factors like political stability, movement of goods, adequate availability of containers and shipping lines, demand, stable currency and smooth banking systems are in disarray. Adding to the woes, COVID cases have again started rising in countries like China, Japan, South Korea and the US.
'Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest.'
Despite the upbeat statement, the party is expected to reflect on what caused the sharp fall in its numbers. It is expected to win about 240 seats against the 303 it had won in 2019.
Tensions are rising within the ruling Mahayuti coalition in Maharashtra amid internal conflicts and open threats over unresolved issues like cabinet expansion and Rajya Sabha nominations.
Modi congratulated Shehbaz Sharif on his election as the Pakistani prime minister
As news of Hasina's departure spread, hundreds broke into Hasina's residence, vandalising and looting the interiors, providing dramatic expression to the anti-government protests that have killed more than 100 people in the last two days. At the centre of people anger is the Hasina government's controversial quota system reserving 30 per cent jobs for families of veterans who fought the 1971 liberation war. With volatile crowds taking to the streets -- some clambering on Hasina's father and Bangladesh founder Sheikh Mujibur Rahman's statue and smashing it with hammers in a lasting image underscoring the fickleness of history -- Army chief General Waqar-uz-Zaman announced that the 76-year-old prime minister has resigned.
Unperturbed by election uncertainty, investors poured record sums into equity mutual fund (MF) schemes in May, driving India closer to a $5 trillion market capitalisation. The Rs 34,697 crore net inflows into actively managed equity funds last month surpassed the previous high of Rs 28,463 crore recorded in March 2022. In April 2024, equity schemes had garnered nearly Rs 19,000 crore.
IC 814: The Kandahar Hijack begins by asking why the hijack lasted seven days and ends in wondering if the good guys fought the bad ones hard enough, observes Sukanya Verma.
Uncertainty shadows the composition of the two main political alliances in Bihar with several parties still exploring their choices as the Election Commission on Friday announced the schedule for the assembly polls.
In his absence, the party stares at uncertainty as many of its other senior leaders are either in jail or in political obscurity.
In cricket, we have something that we can share with our families, neighbours and indeed, the whole country. It is colour-blind, language-neutral, truly secular and transcends all regions, from Kashmir to Kerala and Mizoram to Maharashtra, explains Shreekant Sambrani.
Xi does not want to risk any political or economic crisis complicating his bid to remain in office, observes Ambassador Shyam Saran, the former foreign secretary.
The general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes.
India's merchandise exports rose by 9.1 per cent to $38.13 billion in May even as the trade deficit widened to a seven-month high of $23.78 billion during the month, according to government data. Healthy growth in sectors, such as engineering, electronics, pharmaceuticals, textiles and plastics helped register growth in exports despite global economic uncertainties.
'Whatever ED officers do -- issue summons, conduct searches or arrest a person -- they have to face the courts.'
Patil, a minister in the previous Shiv Sena-led Maha Vikas Aghadi government, also said 12 MPs and 22 former MLAs of the party are supporting Shinde.
'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down? Because of somebody's ego.'
The rivalry between the local leaders of the two parties could be a cause of concern for Shinde.
Many ethical, competent corporate leaders aspire to join public life today. However, the transition to politics is far from easy, observes Indrajit Gupta.
'There is uncertainty regarding job opportunities for our children after they serve for just four years under the Agnipath scheme.'
Among the 30 Sensex companies, Larsen & Toubro, Power Grid, NTPC, State Bank of India, Reliance Industries and HDFC Bank were the biggest laggards. Sun Pharma and Nestle were the only gainers.
'There shall be no change in India-Japan ties,' predicts Rajaram Panda.
"India's defence and strategic affairs have to be decided on the basis of continuity and national consensus with due deliberations. These are issues best kept above partisan politics," the PM said.
'At this moment you cannot give her asylum because if you do, then you are directing public anger against India.'
The police identified the driver and the vehicle through the CCTV footage of the area.
While Lok Sabha members across party lines demanded an inquiry, hundreds of students continued their protests near Rau's IAS Study Circle in the west Delhi locality where the horror unfolded Saturday night, killing the three students trapped in the basement illegally used as a library as floodwaters rose outside.
The elections held in April-May 2019 will be an important determinant of future growth and investment.
Investors' wealth soared by Rs 10.58 lakh crore in three days of the market rally, where the BSE benchmark jumped over 2 per cent, and hit an all-time high on Monday. Extending its winning momentum to the third day running, the 30-share BSE Sensex jumped 363.20 points or 0.49 per cent to settle at 74,014.55. During the day, it zoomed 603.27 points or 0.81 per cent to hit its record high of 74,254.62.
With Indian infrastructure companies burdened with debt, global PE funds and developers sense an opportunity to buy the airports cheap
The challenges will be the real test of Mehbooba's leadership qualities and political acumen as she does not enjoy her father's stature and vast political experience.
In a setback to the Congress ahead of Lok Sabha elections, former Maharashtra Chief Minister Ashok Chavan on Monday quit the Congress, amid speculation that he is veering towards the Bharatiya Janata Party.
'It is necessary to have a person at the top who can make strict decisions without hesitation. Modiji has done that.'
The value of FPIs (Foreign Portfolio Investors) holding in Indian equities reached $738 billion in the three months ended December 2023, marking a surge of 13 per cent from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar. The value of FPIs investment was at $651 billion in the September quarter of the current fiscal. On a year-on-year basis, the value of such investments rose 26 per cent from $584 billion in December 2022.
If the BJP gets only 200 seats and wants to remain in power, Modi will have to make way -- either for a proxy of his choice, or for an internal rival, predicts Nilanjan Mukhopadhyay.
'If Modi is re-elected again, we can forget these things for a long time.'
Devaswoms are meant to manage temples, not the faithful. Why didn't they simply stick to their set of responsibilities and execute it well and efficiently?, asks Shyam G Menon.
The reshuffle had politics at its heart, so the biggest complement of new ministers, both Cabinet rank and below, came from UP, which will see assembly elections in a few months.
'With China falling out of favour, India is where investors see the demographic and digital dividend apart from the benefits of reforms playing out.' 'Your prime minister has also done a great job of sharing this story with the world.'
'When those who took oath in the name of the Indian Constitution are not acceptable, where do the other Kashmiris stand?'
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