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The Economic Times
The Economic Times Startups seek support, policy continuity from new govt
As of 6.30 pm, data from Election Commission showed the incumbent BJP leading with 241 seats, opposition Congress with 98 seats -- leaving both parties short of the 272 Lok Sabha seats needed to form a government and increasing the chances of a coalition.
The Economic Times Epoch Times CFO arrested for laundering scheme
The Chief Financial Officer of The Epoch Times, a multinational media company, is accused of taking part in a multi-year scheme to launder tens of millions of dollars in fraudulently obtained unemployment benefits and other funds, according to an indictment unsealed Monday. Assistant Federal Defender Ariel Werner, listed in court records as the CFO's attorney, declined to comment at this time on the charges.
The Economic Times Policy continuity, reduction of rural economy distress & job creation boost if NDA comes to power: Economists
Contrary to the exit polls, the NDA fails to cross even 300 until now, and leads with only 295 seats. However, since NDA still holds the majority and is expected to form the government for the third consecutive time, Economists across the BFSI sector said that they expect policy continuity to be there, along with increased job creation, reduced rural economy distress and continued focus on physical infrastructure. Here's what the Economists believe:
The Economic Times Election Results: BJP's potential coalition government sparks market sell-off
Election Results: The Indian stock market experienced its worst plunge since March 2020, as vote counting in the Lok Sabha elections indicated that the ruling BJP might fall short of securing a simple majority. Here's what market analysts and leading firms commented on the market's reaction, attributing the dramatic swing to the unexpected election results.
The Economic Times Election Results: UBS remains ‘underweight’ on India, sees three emerging scenarios
Amid the unexpected election results, UBS released a note showing three emerging scenario. One of them was that the Modi government will come with alliance, but may not function smoothly. Another one is that the NDA will form the government but with a new Prime Minister other than Narendra Modi.
The Economic Times 6,100-point crash not enough! Sensex may fall more if NDA's final tally drops below 300 seats
Sensex crashes over 6,100 points following disappointing early counting trends in the elections. The market capitalisation of BSE-listed stocks dropped significantly, erasing gains from the previous session.
The Economic Times Amid poll jitters, here’s how Rahul Gandhi’s stocks performed
The share market had a bloodbath since morning with both the Sensex and Nifty falling nearly 5% with investors seeing their wealth chopped by a whopping Rs 39 trillion. Sensex tanked nearly 6,100 points to 70,234 points while Nifty50 dropped below 21,300 levels in intra day trade.
The Economic Times Election Results: Opposition says Exit Poll done to influence share market
As per trends emerging on the voting count day, the BJP-led NDA is poised to return to power but with a weaker majority compared to last two elections. BJP has inched closer to the 300-mark according to the latest trends. As of 12 noon on Tuesday, the Sensex continues its downward trend, down by 4470.38 points, trading at 71,998.40.
The Economic Times NDA's full majority ensures stability and continuous reforms, strong opposition brings checks, says experts
Initial election trends at noon reveal a strong majority for BJP-led NDA, sparking optimism among financial experts for economic stability and reforms. Dive into their insights in this snapshot.
The Economic Times Adani stocks crash up to 8% a day after erasing Hindenburg-era losses
Shares of Adani Total Gas, Ambuja Cements, and NDTV also fell around 8% each, while Adani Ports also was trading 7% lower. Despite previous gains fueled by exit polls, the conglomerate faced significant losses, erasing Hindenburg-era deficits but still falling amid market volatility.
The Economic Times BSE PSU Index declines 6% amid election outcome uncertainty. SBI, Cochin Shipyard among top losers
S&P PSU Index fell 6% during Lok-Sabha vote counting. Stocks like Cochin Shipyard, Coal India, and SBI saw significant drops. D-Street investors lost Rs 9 lakh crore in 15 minutes as Sensex crashed 2,800 points.
The Economic Times UP Lok Sabha election results live updates: INDIA bloc gives up lead, NDA back at the front in Uttar Pradesh, early trends show
The Opposition coalition led by the INDIA bloc is trailing in Uttar Pradesh with around 29 seats, while the NDA is leading with 47 seats, according to early trends at 9:50 am, having led earlier on. Exit polls predict a decisive victory for PM Modi's BJP and allies over the Congress-led opposition.
The Economic Times Verdict Day: D-Street investors lose Rs 9 lakh crore in 15 minutes as Sensex crashes 2,800 points
​From the Sensex pack, Reliance Industries and HDFC Bank alone contributed to a 565-point decline in the index, while L&T, SBI, ITC, NTPC, and Power Grid were other stocks dragging the index downwards.
The Economic Times InsuranceDekho in talks to acquire credit marketplace BankSathi: sources
Insurance marketplace InsuranceDekho, backed by investors like TVS Capital and Goldman Sachs Asset Management, will acquire a majority stake in BankSathi, which is a distributor of credit cards and personal loans, two people in the know said.
The Economic Times RBI, payment industry meet discusses contours of new draft PA guidelines
The digital payments industry representatives met with senior officials of the Reserve Bank of India to share their feedback on the recently released draft guidelines for payment aggregators. This comes when US payment giant Stripe seems to be withdrawing from the domestic payments market in India.
