West Bengal government reinstates 4 police officers transferred during elections

West Bengal government reinstates 4 police officers transferred during elections

The Trinamool Congress government in West Bengal has reinstated four police officers who were earlier transferred to non-electoral posts by the Election Commission of India during the Lok Sabha elections. The election commission had transferred several officials, including the Director General of Police (DGP), and relieved them from election duty. Among the officers, Aminul Islam … Read more

V.K. Pandian, Odisha CM Naveen Patnaik’s close aide, quits active politics after BJD’s debacle in elections

V.K. Pandian, Odisha CM Naveen Patnaik’s close aide, quits active politics after BJD’s debacle in elections

Odisha Chief Minister Naveen Patnaik with V.K. Pandian. V.K. Pandian has decided to quit active politics following the party’s defeat in the Odisha Assemble Elections.  | Photo Credit: ANI In a setback to the Biju Janata Dal (BJD), bureaucrat-turned-politician V.K. Pandian and Odisha Chief Minister Naveen Patnaik’s close aide has decided to quit active politics … Read more

Rs 15,000 crore gone! Check out 3 reasons why a weaker Modi 3.0 still won’t scare FIIs

Rs 15,000 crore gone! Check out 3 reasons why a weaker Modi 3.0 still won’t scare FIIs

With FIIs having already withdrawn around Rs 15,000 crore in the last four days from India amid election related uncertainties, Dalal Street is worried if a lower-than-expected mandate to Prime Minister Narendra Modi will accelerate the pace of outflow in the coming days. As a part of funds are moving towards China and out of … Read more

FMCG and IT are two areas where we have added money: Trideep Bhattacharya, CIO, Edelweiss Asset Management

FMCG and IT are two areas where we have added money: Trideep Bhattacharya, CIO, Edelweiss Asset Management

On Tuesday, the market capitalisation (m-cap) of BSE-listed companies saw a dramatic decline of Rs 31 lakh crore. This drop was the result of dramatic results in the General Elections, with the BJP led by Prime Minister Narendra Modi falling short of a simple majority. As a result, the combined m-cap of BSE-listed firms decreased … Read more

We advise clients to stay invested based on strategic asset allocation rather than making decisions based on election outcomes: Rohit Sarin of Client Associates

We advise clients to stay invested based on strategic asset allocation rather than making decisions based on election outcomes: Rohit Sarin of Client Associates

It is important to maintain a strategic asset allocation rather than making investment decisions based on election outcomes, said Rohit Sarin of Client Associates, a firm that advises more than 1,000 multi-family offices and manages more than $6 billion AUM. He advises clients to allocate around 50% to large-cap stocks, with the remainder in multi-caps. … Read more

Raging bulls of India: D-Street dances to RBI record

Raging bulls of India: D-Street dances to RBI record

Mumbai: India‘s benchmark indices soared to fresh all-time highs on Thursday as the Reserve Bank of India‘s larger-than-expected dividend payment to the government prompted traders to cover some of their bearish bets. Receding uncertainty over the BJP’s performance in the general elections also bolstered sentiment, with the NSE Nifty ending a whisker away from 23,000. … Read more

Markets peak on optimism, not on relative pessimism: Deepak Shenoy

Markets peak on optimism, not on relative pessimism: Deepak Shenoy

“I think while the markets are going up, the mood seems to be less elevated across the globe. So, I still think there is some place to go. Just speaking, of course, as a portfolio manager you have to be long and therefore very optimistic, so a little bit of biased stance. But I do … Read more

Dominican Republic President Abinader re-elected to 2nd term

Dominican Republic President Abinader re-elected to 2nd term

  Dominican Republic President Luis Abinader was re-elected on May 19 for another four-year term, an endorsement of his handling of the economy and tough policies toward migration from Haiti. The two nations share the Caribbean island of Hispaniola, but the much more prosperous Dominican Republic stands in stark contrast to its poverty and gang … Read more

Lok Sabha elections 2024 Phase 5: Rahul, Smriti, Rajnath among key candidates voting in fifth phase today

Lok Sabha elections 2024 Phase 5: Rahul, Smriti, Rajnath among key candidates voting in fifth phase today

Polling for the fifth phase of Lok Sabha elections began on May 20 across a total of 49 seats, including in high-profile constituencies of Amethi and Rae Bareli in Uttar Pradesh. Also Read: India General Elections 2024 Phase 5 LIVE updates The fate of five Union ministers, including Rajnath Singh and Smriti Irani, and Congress … Read more

IPO calendar next week: 2 new issues, 8 listings to keep primary market vibrant even amid elections

IPO calendar next week: 2 new issues, 8 listings to keep primary market vibrant even amid elections

Even amid general elections, the primary market continues to remain vibrant with the public offer of Awfis Space Solutions set to open next week. Apart from the sole mainboard IPO, one other SME issue of GSM Foils will be launched on May 24. Apart from the new issues, D-Street will see as many as 8 … Read more