Jet Airways founder Naresh Goyal (PTI file)
 (iStock)
BJP President Amit Shah and Indian Prime Minister Narendra Modi gesture after the election results in New Delhi.  (Reuters )
BJP President Amit Shah and Indian Prime Minister Narendra Modi gesture after the election results in New Delhi. (Reuters )

Narendra Modi meets President Ram Nath Kovind, stakes claim to form government

  • President Ram Nath Kovind appointed Modi to the office of the Prime Minister of India, and asked him to decide the council of ministers and the date of his swearing-in ceremony
  • In the first back-to-back majority in LS polls for a single party in over three decades, the BJP won 303 seats out of 542

Narendra Modi said India had lived with the tag of developing country and poverty for long, and should now remove these tags (Reuters)
Congress President Rahul Gandhi (Mint file)
Congress President Rahul Gandhi (Mint file)

Rahul Gandhi offers to resign as Congress president, CWC rejects

  • The Congress Working Committee authorised Rahul Gandhi to take all the required steps to restructure the party
  • The resolution adopted by the CWC also called for a 'thorough introspection and complete overhaul' of the party at the earliest, while committing to bring about a plan soon to this effect

Lounge
West Bengal chief minister and TMC chief Mamata Banerjee (PTI file)
West Bengal chief minister and TMC chief Mamata Banerjee (PTI file)

Mamata offers to quit as West Bengal chief minister, party rejects

  • Mamata accused the BJP of polarising people on religious lines to garner votes in West Bengal
  • I offered to leave the chief minister's post. However, the offer was rejected by the party and I may continue: Mamata Banerjee

YSR Congress President Y.S. Jagan Mohan Reddy (Mint file)
YSR Congress President Y.S. Jagan Mohan Reddy (Mint file)

Governor invites Jagan Mohan Reddy to form govt in Andhra Pradesh

  • The swearing-in ceremony will be held at the Indira Gandhi Municipal Corporation stadium, Vijayawada, on 30 May
  • Reddy, son of late chief minister Y.S. Rajasekhara Reddy, led his YSR Congress to a landslide, winning 151 of the 175 Assembly seats in Andhra Pradesh

The logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai.  (Reuters )
The logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai. (Reuters )

RBI releases draft liquidity framework guidelines for ailing NBFCs

  • NBFCs will have to maintain minimum high quality liquid assets of 100% of total net cash outflows over the following 30 calendar days
  • The LCR is proposed for all deposit taking NBFCs, and non-deposit taking NBFCs with an asset size of 50 billion rupees ($720 million) and above

Photo: Bloomberg
As per the latest data, in the month of March 2019, around 8.27 lakh EPF subscribers were added. Photo: Mint
L&T had proposed to buy additional stake in Mindtree through an open offer. Photo: Priyanka Parashar/Mint
Prime Minister Narendra Modi gestures towards his supporters after the election results at Bharatiya Janata Party (BJP) headquarter in New Delhi. (Reuters )
Prime Minister Narendra Modi gestures towards his supporters after the election results at Bharatiya Janata Party (BJP) headquarter in New Delhi. (Reuters )

Fixing the economy should be the priority for the new government

  • The economic growth rate has steadily slowed from a peak of 8.3% in the last quarter of fiscal year 2018 to 6.6% in the third quarter of fiscal year (FY) 2019
  • This has implications for the jobs and incomes of 250 million households

SpiceJet had in 2017 placed a huge order of 205 Boeing aircraft valued at $22 billion at list prices. (Ramesh Pathania/Mint)
Currently Sebi has divided FPIs into three categories. Photo: Reuters
Apart from the dry days, alcohol companies also had to restrict production during the entire polling cycle.
Apart from the dry days, alcohol companies also had to restrict production during the entire polling cycle.

Liquor firms cheer end of poll dry days

  • Sale of alcohol was barred at stores, bars, restaurants and hotels 48 hours before polling ended
  • The elections were held across seven phases from 11 April to 19 May. 23 May, the day of counting, was also a dry day

A combination of picture created in London on May 24, 2019 shows Britain's Prime Minister Theresa May (L) laughing on the step of 10 Downing Street on the first day she takes office on July 13, 2016 and Britain's Prime Minister Theresa May (R) annoucing her intention to resign on May 24, 2019.  (AFP )
A combination of picture created in London on May 24, 2019 shows Britain's Prime Minister Theresa May (L) laughing on the step of 10 Downing Street on the first day she takes office on July 13, 2016 and Britain's Prime Minister Theresa May (R) annoucing her intention to resign on May 24, 2019. (AFP )

Opinion | How Brexit consumed a British prime minister

Theresa May couldn’t break a political stalemate that’s British national divisions. That’s her legacy, but only partly her fault

Union ministers after the conclusion of the Cabinet meeting at South Block in New Delhi on Friday. (PTI)
IHH Healthcare won a multi-pronged bidding war to buy Fortis in July 2018.
 (ANI )
(ANI )

Surat: 19 students die as fire engulfs commercial complex

  • A fire official said 19 fire tenders and two hydraulic platforms were pressed into service to douse the fire
  • Locals were seen helping in the rescue operation to save stranded students as well as other occupants of the four-storey building

Y is for Yeti, the most unlikely cameo in the election season after its footprints were allegedly photographed by the Indian Army.
Y is for Yeti, the most unlikely cameo in the election season after its footprints were allegedly photographed by the Indian Army.

Opinion | A glossary of the festival of democracy

  • After all the sound and fury, an alphabetical guide to the recent election
  • Let it not be said we learnt nothing new

 (Illustration: Sudhir Shetty)
Ashok Leyland board has recommended a 310 per cent dividend for the last fiscal. Photo: R.V.S. Kumar/Mint
A file photo of Vijay Mallya. (Reuters)
Voters wait in queues to cast their votes at a polling station. Photo: PTI
People look at the screen on BSE building as the sensex soars on the vote counting day for the 2019 Lok Sabha polls, in Mumbai.  (PTI )
Photo: Mint
In the final tally of 8,048 candidates, only 711 were women. Photo: PTI
In the final tally of 8,048 candidates, only 711 were women. Photo: PTI

Opinion | 3 things we will remember about the Lok Sabha elections 2019

  • The 2019 elections were marked by a flood of fake news and disappointingly few female candidates
  • From Kunal Kamra to Satish Acharya, political dissenters got creative

 (Photo: iStock)
(Photo: iStock)

How to start investing from your first pay cheque

  • The right way to inculcate the discipline of savings and investment is to start setting aside certain amount that you can spare from the first pay cheque itself
  • There are more millennials who have taken the baton of managing the household from their first paycheck itself

US President Donald Trump and PM Narendra Modi shaking hands at White House in Washington. (File photo: AP)
The logo of Apple is seen at a store in Zurich, Switzerland. Photo: Reuters
If you’ve watched the animated 1992 Aladdin enough – either with children or as a child yourself – you might find yourself uttering the lines in Ritchie’s film before they’re spoken onscreen.
If you’ve watched the animated 1992 Aladdin enough – either with children or as a child yourself – you might find yourself uttering the lines in Ritchie’s film before they’re spoken onscreen.

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

The sale was carried out through stock exchanges at the prevailing market price. (Pradeep Gaur/Mint)
Under Ujjwala scheme, 70 million underprivileged households benefited in the last three years.ht
The BJP always knew that the Bengal campaign would be tough and that Mamata Banerjee, chief minister of Bengal, would not cede ground so easily
The BJP always knew that the Bengal campaign would be tough and that Mamata Banerjee, chief minister of Bengal, would not cede ground so easily

Operation Bengal pays off for BJP

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

Thane: BJP supporters celebrate the party's lead during the counting of votes for Lok Sabha elections 2019, at BJP office in Thane.  (PTI )
Thane: BJP supporters celebrate the party's lead during the counting of votes for Lok Sabha elections 2019, at BJP office in Thane. (PTI )

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

 (Photo: Aniruddha Chowdhury/Mint)
Prime Minister Narendra Modi (AFP file)
 (Photo: PTI)
Karnataka chief minister H.D.Kumaraswamy (right) with deputy CM G.Parameshwara. (HT)
Karnataka chief minister H.D.Kumaraswamy (right) with deputy CM G.Parameshwara. (HT)

Karnataka: JD(S)-Congress to continue coalition government

  • Deputy CM Parameshwara says the JD(S)-Congress will continue its term in office as the election mandate was for the Lok Sabha and not for the state
  • An informal cabinet meet was convened by CM Kumaraswamy to discuss the next course of action for the state government

 (Mint file)
BJP president Amit Shah and Prime Minister Narendra Modi at the party headquarters in New Delhi
BJP president Amit Shah and Prime Minister Narendra Modi at the party headquarters in New Delhi

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

Five sitting MPs retained their constituencies with record margins in the national capital. Photo: Hindustan Times
Five sitting MPs retained their constituencies with record margins in the national capital. Photo: Hindustan Times

197 sitting MPs retain seats in 2019 Lok Sabha polls

  • Kiren Rijiju, Jual Oram, Raja Mohan Singh, Nitin Gadkari and Babul Supriyo are among over 145 sitting BJP MPs from across the country who have retained their seats
  • The NCP had renominated sitting MP Mohammed Faizal P P from Lakshadweep and secured the seat in 2019 as well

Indian National Congress Party president Rahul Gandhi looks on during a press conference, in New Delhi on May 23, 2019. - Rahul Gandhi, leader of India's main opposition Congress party, conceded on May 23 he had lost his seat in the famous family's long-held home constituency. (Photo by SAJJAD HUSSAIN / AFP)
Indian National Congress Party president Rahul Gandhi looks on during a press conference, in New Delhi on May 23, 2019. - Rahul Gandhi, leader of India's main opposition Congress party, conceded on May 23 he had lost his seat in the famous family's long-held home constituency. (Photo by SAJJAD HUSSAIN / AFP)

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

Jokha Alharthi
The decision comes days after Amul hiked milk prices by  ₹2 per litre. (Pradeep Gaur/Mint)
The decision comes days after Amul hiked milk prices by 2 per litre. (Pradeep Gaur/Mint)

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

People look at the screen on BSE building as the Sensex soars on the vote counting day for the 2019 Lok Sabha polls, in Mumbai.  (Photo: ANI)
People look at the screen on BSE building as the Sensex soars on the vote counting day for the 2019 Lok Sabha polls, in Mumbai. (Photo: ANI)

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

 (Illustration: Shrikrishna Patkar)
Vivek Oberoi plays Narendra Modi in Omung Kumar’s PM Narendra Modi
Netflix is for the second straight year largely absent from Cannes. (Photo: Bloomberg)
Netflix is for the second straight year largely absent from Cannes. (Photo: Bloomberg)

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