Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Adnan Abidi | Reuters The election outcome in India has turned out to be a huge political blow for Prime Minister Narendra Modi and his ruling party, and has significant implications on how … Read more
NEW DELHI (AP) — India’s main opposition Congress party has called its alliance’s strong showing a “win for democracy” and a “moral and political loss” for Prime Minister Narendra Modi. Modi was still widely expected to be elected to a third five-year term and a partial count showed his coalition led in a majority of … Read more
India’s Prime Minister Narendra Modi displays his inked marked finger after casting his ballot at a polling booth at Ranip, Ahmedabad on May 7, 2024. Sajjad Hussain | Afp | Getty Images The Bharatiya Janata Party-led National Democratic Alliance was set to come to power in India again, according to the Election Commission of India … Read more
Supporters of the ruling Bharatiya Janta Party (BJP) holding cut-outs of India’s Prime Minister a Narendra Modi during an election campaign rally in Amritsar on May 30, 2024. Narinder Nanu | Afp | Getty Images India will start counting votes for its 2024 general election at 08:00a.m. local time on Tuesday, with Narendra Modi projected … Read more
Tyres manufactured in India are succeeding in testing international conditions and are being accepted by global customers, said Apollo Tyres managing director Neeraj Kanwar.“Tyres being produced in India are going to the rest of the world. They are going to Germany on the high-end autobahn and they’re now in the US. They are all over … Read more
Maruti Suzuki India announced a price reduction for various models on Saturday in its Auto Gear Shift (AGS) lineup.The company revealed the price reduction through an official statement, noting that the reduction applies to several of its models. These include the Alto K10, S-Presso, Celerio, Wagon-R, Swift, Dzire, Baleno, Fronx, and Ignis. The price cut … Read more
Mumbai: Overseas debt purchases via the voluntary long-term investment route have accelerated sharply, with foreign holdings so far in May marking their highest monthly level in two years and this year’s commitments crossing the billion-dollar threshold in the latest demonstration of India’s emergence as a global debt investment option. FPI investment in the debt-voluntary retention … Read more
NSE’s index services subsidiary, NSE Indices, on Friday launched a new strategy index — Nifty500 Equal Weight — which represents an alternative weighting strategy to its parent index, the Nifty 500. It includes the same companies as the Nifty 500, however, weighed equally, an NSE press release said. The base date for the index is … Read more
“While FII flows will remain volatile, we think as time progresses, we will see a strong build up for India as a single-country destination for FII flows,” says Tridib Pathak, Executive Director and Portfolio Manager at Avendus Olivo PMS. In an interview with ETMarkets, Pathak said: “We like to identify ‘change’ in business fundamentals which … Read more
Mark Mobius, Chairman Mobius Emerging Opportunities Fund speaking on CNBC’s The Exchange on March 27th, 2024. Adam Jeffery | CNBC Veteran emerging markets investor Mark Mobius said India’s election outcome will not change his bullish views on the country. The world’s most populous nation kicked off a multi-phase election on April 19, as nearly one … Read more
