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Foreign investors pulled out a massive Rs 25,586 crore from Indian equities in May due to uncertainty surrounding the outcome of general election and outperformance of Chinese markets. This was way higher than a net outflow of over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January, data with the depositories showed. Going ahead, election results, which will be out on June 4, could determine FPIs flows into Indian equities in the near future. In the medium term, US interest rates will exert more influence on FPI flows, Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. According to the data, Foreign Portfolio Investors (FPIs) made a net withdrawal of Rs 25,586 crore from equities in May. The relatively high valuations and weak earnings, .
Congress president Mallikarjun Kharge on Wednesday asked Prime Minister Narendra Modi to talk about development matters rather than other issues in his campaign speeches, and said "mutton-chicken", "Hindu-Muslim" are his words and not ours. His remarks came after Prime Minister Modi in an interview to News 18 said he won't be fit for public life if he starts playing the Hindu-Muslim card. "Why is the PM not seeking votes on the work he did in the last 10 years," he said at a joint press conference with SP chief Akhilesh Yadav here. On PM Modi's remarks that he has never discriminated between Hindu and Muslim, Kharge responded, "Had the prime minister not said mutton, beef, chicken, fish and mangalsutra. These words are not mine but his (PM's). "I am saying that leave these things, tell people about the work you did and seek votes on its behalf. They talk of mutton-chicken not us," Kharge said. The Congress chief asserted that the opposition INDIA bloc is in a strong position afte
The Congress on Friday demanded the BJP sack former WFI chief Brij Bhushan Sharan Singh after a Delhi court ordered framing of sexual harassment and other charges against him. It also demanded the Lok Sabha ticket given to his son be withdrawn. In a post on X, Congress General Secretary Jairam Ramesh said the BJP has tried to "hide behind the fig leaf" by giving a ticket to his son from the Kaiserganj seat, which is presently represented by Brij Bhushan in Lok Sabha. "Today, a Delhi court has ordered the framing of charges against Brij Bhushan Sharan Singh, the BJP's goonda-MP who has been accused of sexually harassing five women wrestlers, including a minor," Ramesh said. "Remember, this is the same Brij Bhushan who had called for the dilution of the Protection of Children from Sexual Offences Act (POCSO) law. Brij Bhushan, who abused his position as head of the Wrestling Federation of India to sexually assault women. Brij Bhushan, also accused in terror-linked TADA and murder ...
Out of the 1,710 candidates contesting in the fourth phase of the Lok Sabha polls, 21 per cent have declared criminal cases against themselves and 24 candidates have declared zero assets, as per the Association for Democratic Reforms report. The ADR and The National Election Watch analysed the self-sworn affidavits of 1710 out of 1717 candidates, who are contesting in the Lok Sabha Elections 2024 Phase IV on May 13. A total of 360 candidates have declared criminal cases against them. Emphasising the disparities amongst the financial backgrounds of the candidates with the richest candidate in the fray is Dr Chandra Sekhar Pemmasani of Telugu Desam Party with assets over Rs. 5,700 crore. Among the 360 candidates (21 per cent) with criminal cases, 17 candidates were convicted, 11 declared cases related to murder, 30 face charges of attempted murder and 50 candidates have criminal cases related to crimes against women, with 5 candidates facing charges of rape, the data showed. The ADR
Prime Minister Narendra Modi on Saturday asserted his government's surgical and air strikes had shaken Pakistan, and the neighbouring country's leaders are now praying that the Congress shehzada becomes India's PM. Modi, addressing a poll rally in Palamu, took a dig at Congress leader Rahul Gandhi without taking his name, and said the neighbouring country might want him as prime minister, but India wants a strong country with a strong PM. "Maa Bharati's disrespect won't be tolerated anymore. New India's surgical and air strikes shook Pakistan, which was known for supporting terror attacks on India during the Congress regime. The new India knows how to enter enemy territory and strike... Now shaken by the surgical and air strikes, leaders in Pakistan are praying that the Congress shehzada' becomes PM of India," Modi said. He urged the electorate to recognise the importance of one vote, which contributed in building the Ram Temple after generations struggled for 500 years, as well as
An estimated 22.34 per cent voter turnout was recorded till 11 am during the first phase of Lok Sabha polls in 14 constituencies in Karnataka on Friday. Long queues were seen at many polling booths, as people, especially senior citizens and morning walkers, came out to vote during the early hours of the voting, which began at 7 am. According to election officials, the voter percentage till 11 am was about 22.34 per cent. Out of 14 segments that are going to polls today, highest turnout of 30.98 per cent was recorded in Dakshina Kannada, followed by Udupi-Chikmagalur 29.03 per cent, and the least 19.21 per cent in Bangalore Central. The turnout was 19.81 per cent in Bangalore South, and 19.78 per cent in Bangalore North. In the first phase, the Congress is contesting in all 14 seats, BJP has fielded nominees in 11 and its alliance partner JD(S), which joined the National Democratic Alliance in (NDA) in September last year, in three -- Hassan, Mandya and Kolar. Besides the three, .
Senior BJP leader and Union Minister Nityanand Rai, seeking re-election from Ujiarpur Lok Sabha seat in Bihar under the NDA banner, has declared movable and immovable assets totaling Rs 15.45 crore in his filed affidavit. His wife's assets amount to Rs 2.47 crore. Rai submitted his nomination papers for Ujiarpur on Tuesday, with elections for Ujiarpur, Darbhanga, Samastipur, Begusarai, and Munger Lok Sabha seats scheduled for the fourth phase on May 13. According to Rai's affidavit, his movable assets stand at Rs 5.52 crore, while his immovable assets are valued at Rs 9.92 crore. His wife's movable assets are worth Rs 42.9 lakh, with immovable assets valued at Rs 2.04 crore. Additionally, Rai declared Rs 3.25 lakh cash in hand, with his wife holding Rs 1.35 lakh. He holds four bank accounts and gold jewellery worth Rs 13.20 lakh, while his wife has one bank account and gold jewellery worth Rs 21.60 lakh, along with silver jewellery valued at Rs 1.23 lakh. Rai's immovable assets .
Ahead of Uttar Pradesh Chief Minister Yogi Adityanath's rally in Maharashtra's Vidarbha region on Monday, Shiv Sena (UBT) MP Sanjay Raut said the CM should stay back in UP, claiming the situation there is "serious". Five Lok Sabha seats in the Vidarbha region, including Nagpur from where Union minister and senior BJP leader Nitin Gadkari is contesting, will go to polls in the first phase of parliamentary elections on April 19. Speaking to reporters here on Monday, Raut said, "Yogi Adityanath should stay back in UP as the situation is serious there. In UP, the situation is more serious than it looks. I am well aware of it. The party (BJP) has to seek votes in the country even after being in power for 10 years." PM Modi is also scheduled to address a public meeting later in the day in Maharashtra's Chandrapur district, which is in the Vidarbha region. Targeting the PM, Rajya Sabha member Raut claimed, "Modi is campaigning using government money. It is a violation of the code of condu