Election Results Highlights: It is the victory of India's democracy, says PM

  • With trends showing BJP near the 300-seat mark, Prime Minister Narendra Modi looks set to return for a second term
  • A Modi wave seemed to have swept through the Hindi heartland and Gujarat. BJP has also made inroads in West Bengal and Odisha

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Election Results 2019

Total Seats:
Counted Till Now:
  1. Party
  2. Wins + Leads
  3. 2014
* Lok Sabha has 543 seats, Voting in Vellore postponed.
A file photo of Congress president Rahul Gandhi
Prime Minister Narendra Modi (HT file)
Prime Minister Narendra Modi (HT file)

Modi 2.0 muscles into new territories, retains Hindi bastion

  • The BJP has created history by becoming the first non-Congress government to return to power with a full majority
  • The saffron party has swept the Hindi heartland and Gujarat, and also managed to secure a strong foothold in West Bengal, Odisha, Tripura, Maharashtra, and Karnataka

Watch

'No place for caste, appeasement politics': Amit Shah in victory speech

BJP supporters carry a cut-out of PM Narendra Modi while celebrating the party's lead in the 2019 Lok Sabha polls. Photo: PTI
BJP supporters carry a cut-out of PM Narendra Modi while celebrating the party's lead in the 2019 Lok Sabha polls. Photo: PTI

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

An old BJP supporter waving party flag outside vote counting center in Lucknow. (Deepak Gupta/HT)
An old BJP supporter waving party flag outside vote counting center in Lucknow. (Deepak Gupta/HT)

UP Election Results Highlights: Sonia Gandhi wins from Raebareli

  • Uttar Pradesh voted in the all seven phases of the Lok Sabha elections - on April 11, April 18, April 23, April 29, May 6, May 12, and May 19
  • Counting of votes begun at 8 am

Bihar chief minister Nitish Kumar
The Sensex had surged over 1,000 points at day's high (Photo: Aniruddha Chowdhury/Mint)
The Sensex had surged over 1,000 points at day's high (Photo: Aniruddha Chowdhury/Mint)

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

A billboard with an image of Indian Prime Minister Narendra Modi is surrounded by Bharatiya Janata Party (BJP) flags as supporters gather to celebrate the election results outside the BJP headquarters in Mumbai.  (AFP )
A billboard with an image of Indian Prime Minister Narendra Modi is surrounded by Bharatiya Janata Party (BJP) flags as supporters gather to celebrate the election results outside the BJP headquarters in Mumbai. (AFP )

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

Photo: Mint
YSR Congress supremo Jagan Mohan Reddy.
The Sensex had surged over 1,000 points at day's high (Photo: Aniruddha Chowdhury/Mint)
The Sensex had surged over 1,000 points at day's high (Photo: Aniruddha Chowdhury/Mint)

Sensex hits 40,000 but ends lower after nearly 1,500-point swing

  • The Nifty also hit a new milestone of 12,000 before succumbing to profit-taking
  • IT, metal and FMCG stocks led the decline today

Karnataka CM H.D.Kumaraswamy.
 (Pradeep Gaur/Mint )
 (Shaswati Das/Mint)
Supporters of Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party (BJP) celebrate the election results outside the BJP headquarters in Mumbai. (Photo by PUNIT PARANJPE / AFP)
Supporters of Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party (BJP) celebrate the election results outside the BJP headquarters in Mumbai. (Photo by PUNIT PARANJPE / AFP)

Credit view on India hinges on policies of new govt: Moody's

  • Moody's expects the broad push towards fiscal consolidation to remain
  • As per the trend, BJP-led NDA will form the government at the Centre for the second successive term with absolute majority

Lalu Prasad Yadav (PTI file)
Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest income (iStock)
Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest income (iStock)

Form 15H amended, senior citizens to get higher TDS exemption on interest income

  • Senior citizens with a taxable income of up to 5 lakh can now submit in banks and post offices Form 15H to claim exemption from TDS on interest income on deposits
  • Earlier, the limit for seeking TDS exemption was 2.5 lakh

Sensex has seen sharp gains in run-up to election results.
LTCG tax on mutual fund investments differs from one fund type to another—both the definition of the period that qualifies as long term as well as the tax rate that applies. Photo: iStock
LTCG tax on mutual fund investments differs from one fund type to another—both the definition of the period that qualifies as long term as well as the tax rate that applies. Photo: iStock

Election results 2019: Many hope NDA-II to roll back LTCG tax on equity

  • Sensex also hit 40,000 for the first time as the early leads suggested a clear BJP victory
  • The new government should definitely work something out in terms of taxation and remove the 10% LTCG tax, says financial advisor

This trait of Surya of wearing his nationalism on his sleeve earned him a BJP ticket from the prestigious Bengaluru South constituency (Photo: PTI)
Supporters of the Bharatiya Janata Party (BJP) hold signs during a rally with Narendra Modi
Supporters of the Bharatiya Janata Party (BJP) hold signs during a rally with Narendra Modi

Modi web-series returns on screen, biopic to release tomorrow

  • PM Narendra Modi, the biographical film on Modi starring Vivek Oberoi will release this Friday
  • 'The film will directly benefit from the Modi wave in the nation and its celebratory mood right now,' says Atul Mohan

 (HT file)
BJP supporters celebrate after learning the initial election results in New Delhi, India, May 23, 2019.  (Photo: Reuters)
Bharatiya Janata Party (BJP) workers light firecrackers as they celebrate outside BJP headquarters in New Delhi India. Photo: AFP
Bharatiya Janata Party (BJP) workers light firecrackers as they celebrate outside BJP headquarters in New Delhi India. Photo: AFP

Market experts sound note of caution on election euphoria

  • "From here onwards focus will shift to priorities in public expenditure, and economic reforms,” said Sachin Relekar, CIO (Equities) at LIC Mutual Fund
  • Some fund managers have advocated taking a long term view

Sunny Deol
South Dinajpur: Police personnel stand guard near a strong room where EVMs (Electronic Voting Machines) are kept, on the eve of Lok Sabha elections results, at Balurghat in South Dinajpur district of West Bengal.  (PTI )
South Dinajpur: Police personnel stand guard near a strong room where EVMs (Electronic Voting Machines) are kept, on the eve of Lok Sabha elections results, at Balurghat in South Dinajpur district of West Bengal. (PTI )

How EVM strong-rooms are secured as per the Election Commission

  • In the past two days, video clips have gone viral, purportedly showing 'unauthorised' transportation of the EVMs at various places
  • As per its guidelines, the EVMs are transported back to the reception centres under proper escort by a contingent of central paramilitary forces and state police

H.D. Deve Gowda (Mint file)
 (Photo: Pradeep Gaur/Mint)
Thirty-eight per cent of Indian industry leaders agree that humans and machines are working together successfully as an integrated team within their organizations
Thirty-eight per cent of Indian industry leaders agree that humans and machines are working together successfully as an integrated team within their organizations

What India’s economy could look like in 2030

Visions of AI and human-machine interaction are reshaping the Indian economy. What does the future look like?

IHH infused  ₹4,000 cr in Fortis, but an additional  ₹3,400 cr put in an escrow account to initiate an open offer is stuck.
IHH infused 4,000 cr in Fortis, but an additional 3,400 cr put in an escrow account to initiate an open offer is stuck.

Fortis investors move Sebi over delay in IHH open offer, seek interest

  • Shareholders say IHH Healthcare has not done enough for them to realize the value of their investment
  • The shareholders have also appealed to Sebi to issue directions to IHH Healthcare to ensure early resumption of the open offer tendering process

Most of DHFL’s non-convertible debentures were bought by government-backed pension, provident fund and gratuity fund trusts of public sector enterprises.  (Reuters )
The Election Commission said it would tally results with VVPAT at the end of counting.
The NDA has also had a favourable impact on road development in the past five years (Sunil Ghosh/HT)
 (Vipul Sharma/Mint)
While the Netflix series Sacred Games was well-received, other Indian content on the platform has not got a similar response.
While the Netflix series Sacred Games was well-received, other Indian content on the platform has not got a similar response.

Netflix pushing into smaller towns with new shows, lower charges

  • In a bid to widen access, Netflix is testing a mobile-only subscription, starting at 250 a month or 65 a week
  • Industry experts say the challenge for Netflix still is to get Indian consumers to pay for its niche content

DSP Quant Fund will be benchmarked to BSE 200 (Total Returns Index)
IndiGo, which had a market share of 46.9% in March, carried 54.41 lakh domestic passengers during the month.
IndiGo, which had a market share of 46.9% in March, carried 54.41 lakh domestic passengers during the month.

IndiGo clocks record market share at 49.9% in April

  • IndiGo flew a record 54.81 lakh passengers during April
  • Air India and SpiceJet flew 15.23 lakh and 14.4 lakh domestic passengers, respectively, during April

Photo: Bloomberg
AirAsia Airbus A320-200 plane.  (Reuters )
BoB's gross NPAs fell 33.5% to  ₹15,609 crore (Photo: Pradeep Gaur/Mint)
Akshay Kumar (Photo: ANI)
Akshay Kumar (Photo: ANI)

Opinion | Akshay Kumar’s brand equity unaffected

The actor’s association with social causes has established his image as a patriot

 (Pradeep Gaur/Mint)