British Prime Minister Rishi Sunak may be on course for a bruising defeat with his Labour Party rival Keir Starmer set for a landslide win, according to the definitive election night exit poll released on Thursday as polling stations across the country closed in the landmark UK general election.
According to the exit poll, which is often quite close to the final tally, Labour could win as many as 410 seats, comfortably crossing the halfway 326 mark and notching up a 170-seat majority with the incumbent Tories down to just 131 seats.
Sunak's future as leader of the Conservative Party now hangs in the balance, hours after the British Indian leader and the man who wants his job -- Starmer -- were among the first few voters to cast their votes along with millions in England, Scotland, Wales and Northern Ireland.
Sunak and his wife Akshata Murty walked hand-in-hand to their local polling booth on a sunny day in his constituency of Richmond and Northallerton in Yorkshire, northern England

Keir Starmer

MoD says value of defence production has grown by over 60 per cent in the five years since FY20

Defence Economics

RBI imposed a monetary penalty of Rs 10,000

rbi reserve bank of india

Buy MCX July Crude Oil futures at Rs 6,950-7,000 with a stop loss of Rs 6,860 and a price target of Rs 7,250

Crude, Crude oil

he Nifty PSU Bank Index is currently trading at 7,178.00. The near-term trend on the charts indicates a downward movement

share market

Here is the best of Business Standard's opinion pieces for today

dollar

Calls for collective approach against fraudulent practices

Madhabi Puri Buch, Madhabi, Madhabi Puri, Buch

Family offices are increasingly venturing into startups and venture capital, although they typically prefer to see some traction before investing

family office

India's real estate market sees a record-breaking $2.5 billion investment in Q2 2024. Warehousing takes center stage with 61% of the investment, followed by a surge in residential interest

Real Estate, office spaces, Commercial Real Estate

According to sources, the FM promised Naidu that she would look into Andhra's demands within the broader fiscal constraints

N Chandrababu Naidu, Chandrababu, Naidu, Modi, Narendra Modi

Modi will visit Russia on July 8-9 for talks with President Vladimir Putin as part of annual summits between New Delhi and Moscow, launched in 2000

PM Modi, Putin

British Prime Minister Keir Starmer on Friday named David Lammy as his foreign secretary, as the newly-appointed premier started the process of forming a Labour Party government after winning the general election.
The 51-year-old Labour politician and lawyer who is a backer of strong bilateral ties with India, last month said that he would be visiting New Delhi if his party is voted to power on July 4.
Many Diwalis have come and gone without a trade deal and too many businesses have been left waiting," said Lammy, referring to the missed Diwali 2022 deadline set by former prime minister Boris Johnson for the Free Trade Agreement (FTA).
"My message to [Finance] Minister [Nirmala] Sitharaman and [Trade] Minister [Piyush] Goyal is that Labour is ready to go. Let's finally get our free trade deal done and move on, he said, adding he will be in Delhi before the end of July if elected to government on July 4.
Describing India as a priority for the party and an economic, technological and

David Lammy

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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CM Naidu rejects reports of bargaining for ministerial posts with BJP

PM Modi to focus on trade imbalance, Indian soldiers in talks with Putin

David Lammy becomes new UK Foreign Secy; may visit India before end of July

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Starmer to be UK's new prime minister, Sunak concedes election defeat

FY24 defence production grows 17% to record high of Rs 1.27 trillion

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