Sensex ends at record closing high, a day after Modi's historic win

British PM Theresa May announces resignation, to step down on 7 June

• May endured crises and humiliation in her effort to find a compromise Brexit deal
• May's departure will deepen the Brexit crisis as a new leader is likely to want a more decisive split

Operation Bengal pays off for BJP

Riding on a latent anti-incumbency, the BJP devised a unique campaign strategy to take on Mamata Banerjee

A $1.4 trillion India spending push tops Modi 2.0 agenda

• BJP’s manifesto targets ₹100 trillion of capital investment in infrastructure by 2024
• Fitch Ratings said improving the India’s weak government finances will be crucial for the new administration

Inox Leisure shares surge to record high, analysts remain positive

• Many brokerages remain positive on movie exhibition segment
• Inox Leisure had posted strong revenue growth in March quarter

Lok Sabha polls over, all eyes now on assembly elections

• In Delhi, the BJP is set to take on the Congress and the Aam Aadmi Party
• Elections are also due to be held in Jammu & Kashmir, which has been under president's rule since November

PM Modi may take oath of office on Thursday

• The Bharatiya Janata Party (BJP) won a record 303 seats, according to the latest data available
• The new Cabinet is also likely to be sworn in on Thursday

Event risk over, but key issues aren't fading soon and markets know that

Beyond the elections, the focus now shifts to fundamental issues such as consumption slowdown, unemployment, liquidity crisis and fiscal position

10 reasons why the BJP swept the polls

• Modi made people believe in themselves and in him
• Modi’s nationalism brought down the traditional hurdles of caste and, in some areas, religion, too

Ten charts that explain the 2019 Lok Sabha verdict

India seems to be witnessing the rise of a new political order, with a broad-based Hindu alliance driving the growth of the Bharatiya Janata Party

Film review: ‘Aladdin’ is a whole old world

• This live action remake is practically the same as the 1992 animated film, yet diminished
• Will Smith appears as the genie, a part made famous by Robin Williams

How people gave a thumbs up to Modi’s politics of performance

• Voters posed trust in Modi’s leadership for his welfare schemes like Jan Dhan Yojana
• The Modi govt took a few policy missteps but came back strongly with focus on social sector schemes

Congress stares at erosion of its political credibility

• Results a poor reflection on Rahul Gandhi’s leadership capabilities and Congress’ poll strategy to take on the BJP
• Congress' campaign did not find resonance with the people and only those candidates who were strong locally, ended up winning

New  govt has its task cut out amid turbulence in economy

Govt needs to fix slowdown in consumer demand, falling investments and slowing exports amid global trade wars

At 14%, 17th Lok Sabha has highest number of women MPs

• There are 78 women members of parliament, the highest since independence
• Parliament this time has 300 first-time MPs and 197 MPs who have been re-elected for a second consecutive term

Bata India Q4 profit jumps 69.47% to ₹88.26 crore

• The company's revenue from operations during the quarter under review stood at ₹679.39 crore
• The company's board has recommended a dividend of ₹6.25 per equity share

Opinion | An Omani book wins

• Jokha Alharthi, a professor at the University of Muscat, Oman, won Man Booker International prize for Celestial Bodies

Ashok Leyland Q4 net dips 12% at ₹653 crore

• The company posted a profit of ₹743.12 crore for the same period of 2017-18
• The company's board recommended a dividend of ₹3.10 per share of Re 1 each for 2018-19

Mother Dairy hikes milk prices by up to ₹2 a litre

• Mother Dairy will raise the price of its poly pack milk variants in Delhi NCR from Saturday
• The 1 litre pack has been increased by Re 1 only and the 500 ml pack by ₹2 a litre, effectively impacting the consumer by Re 1 per pack

JSW Steel Q4 net profit dips 48% to ₹1495 crore as input costs bite

• Consolidated revenue during January-March stayed flat at ₹19,264 crore against the year-ago period
• Crude steel production fell 3% year-on-year to 4.17 million tonnes (mt) during January-March against 4.31 mt last year

Opinion: The rise and rise of brand Modi, how winner takes all

Today Modi is unassailable. He just needs to change gears, from salesman to statesman

Prajwal Revanna offers to resign from Hassan LS seat to reinstate Deve Gowda

• Deve Gowda was defeated by G.S. Basavaraj of the BJP in Tumakuru (Tumkur) by a margin of 13,339 votes
• Deve Gowda had earlier given up his home seat of Hassan to Prajwal

Modi 2.0: Sensex @45,000 is Morgan Stanley’s new one-year target

• Morgan Stanley expects the RBI to be more accommodative and the economy to come out of its soft patch
• The ongoing trends suggest that there will be continuity in administration, says Morgan Stanley

SpaceX launches first 60 satellites of its internet network

• One of the company's Falcon 9 rockets blasted off without incident from Cape Canaveral in Florida around 10:30 pm
• Starlink will become operational once 800 satellites have been activated

Equity market gets a reality check as election season ends

• Stocks fell after rallying to records and the rupee slid as investors refocused on domestic realities, and posted modest gains on Friday
• The government is already borrowing a record $100 billion, a key reason behind why a big rally has eluded local bonds

Netflix isn't absent at Cannes. It's everywhere.

• A study conducted by the Sorbonne captured just how vital Netflix has been to festival marketplaces
• 39% of Cannes premieres since 2009 have gone on to stream on Netflix, although most first had theatrical runs

Deve Gowda: Karnataka’s humbled Goliath

• Gowda is among old-school politicians, well known for their coalition building skills
• He won seven terms as a legislator since 1962, and six terms as Member of Parliament since 1991 including one stint as Karnataka CM and another as Prime Minister of India

Delhi: High in confidence after winning all 7 seats, BJP eyes on assembly polls

• BJP has been out of power in the city for more than 25 years
• The victory margins of the BJP candidates in Delhi were massive this time

Bond prices rise for third straight day

• The 10-year bond yield was at 7.219%, compared with Thursday's close of 7.236%
• Since the start of May, bond yield has fallen nearly 20 basis points

Giant killer Smriti Irani wrests Gandhi family bastion from Rahul

• In Wayanad, the second seat that he contested from, Rahul won by a margin of more than 400,000 votes
• Analysts said on Thursday her presence on the ground in Amethi did the job for her

BJP delivers on eastern promise, grows presence in Bengal, Odisha, N-E states

The numbers signify a change in the electoral politics of the east and north-east states, buoyed by the Modi wave and its agenda of Hindutva identity

How BJP’s game of alliances trumped the opposition’s mahagathbandhan

• While the NDA warded off the mahagathbandhan challenge in UP emphatically, it turned the identity politics of caste arithmetic in Bihar on its head
• BJP won 79 seats in the two states which together send 120 representatives to the Lok Sabha

Amid BJP blitz, sun sets on old satraps even as new stars rise from the south

The years from 2014 to 2019 saw an overhaul of the regional matrix with the emergence of a new set of leaders—and the downfall of some old ones

India the 'single best place' to put money, says Fairfax's Prem Watsa

• Watsa's companies have invested about $3.7 billion in India, including a stake in Catholic Syrian Bank last year
• Watsa is especially bullish on India and sees increased privatization in the economy under Modi

Legwork, foot soldiers and focus on its social schemes behind BJP’s success

• BJP managed to build a strong organizational network, which helped it take the NDA govt’s flagship schemes to the socially, financially weaker sections
• This importance of the elections for the BJP president can be gauged from the fact that Amit Shah travelled nearly 160,000km, holding 161 public meetings, 18 road shows and more than 1,500 meetings with BJP leaders and workers

Opinion | Markets like a decisive and reformist govt

We believe that a strong government is the biggest ally for wealth creation

Five economic challenges staring at Modi 2.0

• If the investment slowdown was not worrying enough, the recent consumption slump will add to the policy challenges for the new government
• The government in its full Budget which is likely to be presented in July will be tempted to breach the fiscal discipline

Opinion | For Trinamool Congress, the writing was on the wall for a long time

The seeds of religious polarization in Bengal had been laid by the TMC itself

Opinion: Congress needs to revisit strategy and organization

Congress fought with less of available strength, more of inherent weaknesses

Young and aspiring new India votes for continuity, reform and growth

Investors feel BJP coming back to power means continuity in reforms and stability, which will positively impact the economy and investment returns

Modi 2.0 seen continuing with its zero tolerance approach towards terror

• Government may focus on allocating more resources for the defence budget aiding modernization, fine-tune policies towards US, China and Pakistan
• The government was successful in rallying countries in its support to ensure Maulana Masood Azhar was declared a terrorist by the UN

Sumalatha: The woman who defeated power with grace

• Sumalatha was the underdog from Mandya, up against the might of the JD(S)
• She won the Mandya seat by defeating Nikhil Kumaraswamy, son of Karnataka CM, by 125,622 votes

Opinion | Modi’s call for a more inclusive India

The Prime Minister’s vision of an inclusive India is commendable. Let’s hope it is realized in spirit

Opinion: Economic performance, and not just promises, helped BJP sail to victory

It has been clear case of policies which balanced development with economic growth

In the leadership battle, the Modi wave sinks Rahul’s boat

• Modi’s not only won the battle but also reached popularity levels enjoyed only by Jawaharlal Nehru, Indira Gandhi
• Throughout the campaign, Modi, like in 2014, continued to set the agenda that the Congress chief followed and reacted to

Opinion | Narendra Modi reigns supreme. Now India's economy awaits

• The prime minister’s remarkable election victory offers a momentous chance to correct the missteps of his first term
• Investors will want to know if Modi still has an appetite for arbitrary action, such as his overnight ban on 86% of the country’s cash

Jagan Reddy storms to power in Andhra Pradesh as YSRCP decimates TDP

• YSR Congress supremo Jagan Mohan Reddy to be sworn in as the chief minister of AP on 30 May
• YSRCP wins close to 151 of the total 175 assembly seats and a whopping 22 out of 25 Lok Sabha seats