Opinion | Markets cheer exit poll result with a 3.75% jump. How are you feeling?

Markets are bi-polar in the short term. Manic one moment and depressive the other

 (Bloomberg)
(Bloomberg)

Tata Motors' Q4 profit slumps, JLR turnaround helps

  • Tata Motors had posted a loss for the third-quarter, hurt by an impairment charge for its luxury car unit Jaguar Land Rover
  • Shares of Tata Motors closed up 7.5% at 190.15 ahead of the earnings release

Sensex rose 1,421 points to settle at record high of 39,352 (Reuters)
Sensex rose 1,421 points to settle at record high of 39,352 (Reuters)

Sensex posts biggest one-day gain in 10 years, closes at record high: 10 points

  • Banking and auto stocks led the rally
  • The index for banking stocks, Nifty Bank, hit a new high today

Collections under the new tax have crossed the 1 trillion rupee-mark in three of the first four months in 2019, suggesting it’s gaining traction (Reuters)
Collections under the new tax have crossed the 1 trillion rupee-mark in three of the first four months in 2019, suggesting it’s gaining traction (Reuters)

Exit poll effect: Rupee surges 48 paise against $, logs biggest gain in 2 months

  • Forex traders said investors welcomed exit poll results that predicted a thumping majority for the current BJP-led government
  • The domestic unit opened at 70.36 and advanced to a high of 69.44 during the day

Ebitda margins increased 5.7% as against 4.9% in year-ago period
Ashok Leyland's offer must be a sweet news to Musk's ears. Breaking his silence over India plans after 10 months, Musk tweeted in March that he would love to be in India in 2019 or next year. (Reuters)
Ashok Leyland's offer must be a sweet news to Musk's ears. Breaking his silence over India plans after 10 months, Musk tweeted in March that he would love to be in India in 2019 or next year. (Reuters)

Ashok Leyland ready to ride on Elon Musk's India dream

  • Ashok Leyland is open to Elon Musk for a partnership to finally let Indians experience his path-breaking autonomous Tesla electric cars
  • Tesla was expected to enter India with the Model 3 that sells for nearly $35,000

RBI is working on a liquidity line and and may seek comments on the draft guidelines after federal election results are declared on May 23, according to a report. (Mint)
RBI is working on a liquidity line and and may seek comments on the draft guidelines after federal election results are declared on May 23, according to a report. (Mint)

NBFCs shares gain on report RBI may offer credit line

  • Indiabulls Real Estate Ltd., Dewan Housing Finance Corp. and Reliance Home Finance Ltd. traded more than 10% higher
  • There are rumors in the market that RBI will open a special credit line for NBFCs

Adani Enterprises rose as much as 29% in afternoon trade on 20 May, 2019. (Photo: Pradeep Gaur/Mint)
Adani Enterprises rose as much as 29% in afternoon trade on 20 May, 2019. (Photo: Pradeep Gaur/Mint)

Adani stocks cheer incumbency wave in India, Australia

  • Adani Enterprises rose as much as 29% in afternoon trade, its sharpest intraday gain in over two years
  • Shares of Adani Enterprises have risen by about 170% since Modi assumed power

A logo sits above the entrance of the first city-center Ikea of Sweden AB store in Paris, France. (Photo: Bloomberg)
Huawei’s woes started when the US government put the company on a blacklist, disallowing American firms to do business with it. (Reuters)
Huawei’s woes started when the US government put the company on a blacklist, disallowing American firms to do business with it. (Reuters)

Lost Android license: What now for Huawei?

  • Losing the Android license means future Huawei phones will not have Google Play Store, Google Maps and YouTube and will not receive Security Updates
  • Following Google’s decision, chipmakers like Intel, Qualcomm, Xilinx and Broadcom are also reportedly stopping all business with Huawei

A Balasubramanian, chief executive officer, Aditya Birla Sun Life AMC
 (iStock)
 (iStock)
A file photo of noted political scientist Yogendra Yadav (Pradeep Gaur/Mint)
 (Reuters)
(Reuters)

Three common money disorders: Do you suffer from any of them?

Choose a financial confidant, who is trustworthy, non-judgmental, compassionate and has the ability to listen without offering advice. You can also get professional help from your money coach, or counsellor and find happiness in your relationship with money

Nikhil Verma was the admin of the WhatsApp group called Kids XXX that circulated child porn, said the CBI. Photo: Reuters
 ( Photo: Reuters)

Polls have no long-term bearing on stock markets: Saurabh Mukherjea

As the general elections enter its final leg, the atmosphere is already highly charged with exit polls doing the rounds. Amidst all the razzmatazz, here comes a counter view. In a video interview, veteran markets commentator, author Saurabh Mukherjea of Marcellus Investment Managers explains why there is a little co-relation between markets and polls. Given that there is a continuum of policy across different parties, historically, it has mattered not very much who's won and who's lost from a markets perspective. Mukherjea also goes on to explain the growth trajectory for the Indian economy and what it means for stock markets. Watch the video for more.

 (Photo: iStock)
A file photo of Prime Minister Narendra Modi.
A file photo of Prime Minister Narendra Modi.

On Google, Narendra Modi’s stock continues to rise

  • Searches for Modi far exceed searches for regional leader - even on these leaders’ own turf
  • Amongst searches for Narendra Modi, Rahul Gandhi and regional leaders, in 49 out of 55 cities, searches for Modi accounted for more than 50% of all searches

 (Reuters)
TCS chief operating officer N. Ganapathy Subramaniam.  (Photo: Pradeep Gaur/Mint)
Huawei has declined to comment. Photo: Reuters
Robert F. Smith, an African-American businessman Morehouse College. Photo: Twitter/@Morehouse
Sensex surged over 950 points today after exit polls predicted a comfortable win for NDA government in Lok Sabha elections
 (Photo: Mint)
 (Photo: Mint)
 (Photo: Abhijit Bhatlekar/Mint)
The company’s revenue fell 1% in the March quarter, thanks to a slowdown in demand.
 (Photo: Reuters)
Dr Reddy’s Laboratories stocks slipped almost 7% during the early morning trade on 20 May, 2019. (Photo: Mint)
Tier-1 India IT firms are not alone in facing rising H1B denial rates (Hemant Mishra/Mint)
Game of Thrones fans hold up masks. Photo: Reuters
With 7% expansion in the year through March, India has held the crown as the world’s fastest-growing major economy. But that’s quickly changing this year as consumption -- weakens sharply. (Mint)
With 7% expansion in the year through March, India has held the crown as the world’s fastest-growing major economy. But that’s quickly changing this year as consumption -- weakens sharply. (Mint)

Lok Sabha elections 2019: Winner gets an economy riddled with problems

  • GDP data due May 31 will probably show growth cooled in the three months through March from a six-quarter low of 6.6%
  • Here’s a look at what else the new government should be worried about

The rupee was at 69.43 a dollar, up 1.14% from its previous close of 70.22.
A menu displaying icons for Huawei Technologies Co.'s App Gallery application, left, and Google LLC's Play Store application are displayed on a Huawei P20 Pro smartphone. (Bloomberg)
A menu displaying icons for Huawei Technologies Co.'s App Gallery application, left, and Google LLC's Play Store application are displayed on a Huawei P20 Pro smartphone. (Bloomberg)

Opinion | The tech cold war has begun

  • There’s hope that this latest escalation is just part of the US’s trade-war posturing and will be resolved as part of broader negotiations
  • An initial Chinese version of Android won’t hold a candle to the original developed by Google

A very early version of Google’s prototype self-driving car. Photo: AP/Google
A very early version of Google’s prototype self-driving car. Photo: AP/Google

Collaborative driverless cars can speed up traffic by 35%

  • Researchers programmed a small fleet of miniature robotic cars to drive on a multi-lane track and observed how the traffic flow changed when one of the cars stopped
  • The Cambridge researchers adapted the cars with motion capture sensors and a Raspberry Pi, so that the cars could communicate via WiFi

Pavel Durov, founder of Telegram, in an official blog post, claims that WhatsApp's encryption is a sham and that it will never be secure. (Bloomberg)
Pavel Durov, founder of Telegram, in an official blog post, claims that WhatsApp's encryption is a sham and that it will never be secure. (Bloomberg)

Backdoor, unencrypted cloud backups can affect WhatsApp users

  • Experts opine that backdoor to any encrypted platform is not safe for users
  • WhatsApp could easily implement an encrypted external backup, to prevent someone with access to your Google account or internal phone storage from accessing the data

Congress had no plan except to dislodge Narendra Modi, which worked to the BJP’s advantage, said BJP leaders.bloomberg
Congress had no plan except to dislodge Narendra Modi, which worked to the BJP’s advantage, said BJP leaders.bloomberg

In exit polls, BJP’s politics of performance is the winner

  • This will be the first time a non-Congress party is retaining power, if projections hold true
  • To be sure, most pollsters in 2014 underestimated the scale of the win notched up by the BJP, then the party in the opposition

Huawei’s Mate 20 Pro. Photo: Reuters
Congress President Rahul Gandhi addresses an election campaign for Lok Sabha polls (PTI )
Congress President Rahul Gandhi addresses an election campaign for Lok Sabha polls (PTI )

Poor show by Congress could signal challenges for Rahul Gandhi

  • The results will be particularly significant for the Congress as the 2019 poll is the first general election the party is contesting under the leadership of Gandhi
  • In 2014, the Congress faced a historic loss, winning only 44 out of the 543 Lok Sabha seats with a vote share of only 19.3%

Air India stops Mumbai - New York direct flight
A file photo of the BSE building in Mumbai.  (Photo: Bloomberg)
This image released by HBO shows Emilia Clarke in a scene from
This image released by HBO shows Emilia Clarke in a scene from "Game of Thrones," that aired Sunday, May 12, 2019. (Photo: HBO via AP)

Game of Thrones reaches its end, with one or two shocks left

  • The last episode ran roughly an hour and 20 minutes to conclude the storyline of more than a dozen characters
  • The record-breaking final season drew 43 million viewers on average for each episode in the US alone

US President Donald Trump speaks at the National Association of Realtors' Legislative Meetings & Trade Expo in Washington, US. (Photo: Reuters)
US President Donald Trump speaks at the National Association of Realtors' Legislative Meetings & Trade Expo in Washington, US. (Photo: Reuters)

Trump vows China's economy won’t surpass US on his watch

  • The US restricted Huawei Tech’s access to the US market, putting it on the blacklist that curtails access to key American suppliers
  • Trump’s comments signal he’s in no rush to get back to negotiating with Beijing

Adidas' India general manager Neelendra Singh
Firm plans to offer entry-level and mid-segment motorcycles over the next four months. (Photo: Mint)
Firm plans to offer entry-level and mid-segment motorcycles over the next four months. (Photo: Mint)

Bajaj Auto to roll out new models this year

  • India’s second-largest motorcycle maker by sales volume hopes that the new products would help to augment its portfolio
  • The company says that it sold more than 742,000 units of its 100cc CT model in FY19

Coatue founder Philippe Laffont.reuters
Representative image. Photo: iStock
S. Ramann, MD and CEO, NeSL. (Photo: Abhijit Bhatlekar/Mint)
S. Ramann, MD and CEO, NeSL. (Photo: Abhijit Bhatlekar/Mint)

NeSL offers IPs its platform to store data

  • NeSL will become a platform where data from banks and insolvency professionals can be integrated, says Ramann
  • The new project, which will be announced in the next couple of weeks, will help IPs get easier access to data on a company’s debtors

The Redmi Note 7S
Karnataka chief minister H.D.Kumaraswamy. Photo: Hemant Mishra/Mint
Most exit poll projections signal a setback to regional leaders including NCP’s Sharad Pawar, TDP’s Chandrababu Naidu and TMC’s Mamata Banerjee. Pradeep Gaur/Mint
Most exit poll projections signal a setback to regional leaders including NCP’s Sharad Pawar, TDP’s Chandrababu Naidu and TMC’s Mamata Banerjee. Pradeep Gaur/Mint

Regional leaders could see their hopes shrink

  • If the election results on 23 May follow along the lines of the exit poll projections, the high table of the so-called federal front may not have many big names
  • Pawar, the prime minister aspirant, began efforts to bring together all anti-BJP parties in 2018

In some respects, Thanos, the loving dad, conservationist and Marvel supervillain, who terminated half the life in the universe, which was surprisingly an even number, was fairer than the promoters of India’s population policy. Thanos did not pick who will not live. It was a lottery
In some respects, Thanos, the loving dad, conservationist and Marvel supervillain, who terminated half the life in the universe, which was surprisingly an even number, was fairer than the promoters of India’s population policy. Thanos did not pick who will not live. It was a lottery

Opinion | The right way to hate people and be healthy

Misanthropy is a trait in the sane and the intelligent who love life so much that they wish to pursue the highest form of living