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☆ CNBC's Inside India newsletter: A disconnected stock market
▼ + stars: | 2024-05-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

CNBCThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. For local investors, Indian stocks would have underperformed the U.S. benchmark by more than 45 percentage points since Buffett's 2008 bet. It appears that India's near 8% GDP growth isn't transforming into stock market returns. But that has also meant significant competition for the incumbents, many of which are listed on the stock market. This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.

Persons: Warren Buffett, it's, Jonathan Pines, Federated Hermes, Rajeev Agrawal, Agrawal, Narendra Modi's, Kevin Carter, Buffett, Carter, Modi, Narendra Modi, Amit Shah, Virat Kohli, Rajat Patidar Organizations: Berkshire, CNBC, BSE, Federated, DoorDarshi Advisors, Narendra Modi's BJP, India, Ecommerce, One97 Communications, Ujjivan Financial, BJP, Russia, Indian, Ukraine, India's Central Bureau of Investigation, Indian Premier League, Wednesday, Royal Challengers Bengaluru Locations: Omaha , Nebraska, Omaha, BSE India, India, United States, Gandhinagar Lok Sabha, Russia, Mumbai, Punjab Kings

☆ Modi’s BJP is set to majorly boost its vote share in opposition-ruled Tamil Nadu as India goes to polls
▼ + stars: | 2024-04-19 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +6 min

More than 62.2 million voters will choose among 950 contestants in Tamil Nadu. The DMK won the Tamil Nadu state elections in 2021, defeating the incumbent AIADMK. Prominent poll strategist Prashant Kishor reportedly said he expects the BJP to get "double digit" vote share in Tamil Nadu. Though the jump in vote share in Tamil Nadu will be substantial compared with 2019, BJP might just win one or two constituencies, Kumar said. Seated opposite from him was Geetha, a Modi supporter, who said: "Modi is superman, but DMK will sweep Tamil Nadu.

Persons: Narendra Modi, Abhishek Chinnappa, Bharatiya Janata Party —, India Anna Dravida, Narendra Modi's, Jayalalithaa, Karunanidhi, Modi, Narayanan Thirupathy, Thirupathy, Prashant Kishor, Kishor, Sanjay Kumar, Kumar, Sarvanan, Nagar, Geetha, DMK's Sarvanan Organizations: Getty, Getty Images, India's, Nationwide, Indian National Congress, Bharatiya Janata Party, Dravida Munnetra Kazhagam, DMK, India Anna Dravida Munnetra Kazhagam, AIADMK, BJP, CNBC, Narendra Modi's BJP, Tamil, Political, NDTV, Wednesday, Developmental Inclusive Alliance, India Locations: INDIA, Mysuru, India, Getty Images CHENNAI, Tamil Nadu, Dravida, Tamil, BJP, Telangana, New Delhi

REUTERS/Rupam Jain/File PhotoGURUGRAM, India, Aug 10 (Reuters) - Over 3,000 poor Muslims have fled a business hub outside New Delhi this month, fearing for their lives after Hindu-Muslim clashes and sporadic attacks targeting them, residents, police and a community group said. The Gurugram president of Jamiat-Ulema-e-Hind (Council of Indian Muslim Theologians) Mufti Mohammed Salim estimated that more than 3,000 Muslims had left the district after the violence. "Many Muslims decided it's best to leave for a while," said Sheikh, adding that some Hindu owners of shops rented out to Muslims wanted them to vacate. "No one is asking them to leave and we are providing full security in all communally sensitive areas," he told Reuters. Reporting by Rupam Jain and Sakshi Dayal; Editing by YP Rajesh and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Rupam, Raufullah Javed, Mufti Mohammed Salim, Shahid Sheikh, it's, Narendra Modi's, Ernst &, Anil Vij, Rupam Jain, Sakshi Dayal, YP Rajesh, Angus MacSwan Organizations: REUTERS, Reuters, Bharatiya Janata Party, BJP, Police, Fortune, American Express, Dell, Samsung, Ernst, Ernst & Young, Deloitte, YP, Thomson Locations: Gurugram, New Delhi, India, Nuh, Haryana, Bihar, Tigra, India's, Gurgaon

☆ Hindu-Muslim riots expose risk at major Indian business hub
▼ + stars: | 2023-08-03 | by ( Rupam Jain | ) www.reuters.com time to read: +4 min

Seven people were killed and over 70 injured in rioting in Nuh and Gurugram districts of Haryana state after a Hindu religious procession was targeted and a mosque attacked in retaliation. Gurugram, formerly known as Gurgaon, is a city of over 1.5 million people that shares a border with New Delhi. "Muslim men attacked the Hindu procession and killed many of our people," said Praveen Babbar, a leader of Hindu Yuva Vahini (Hindu Youth Force). Haryana Police, however, said they acted swiftly and prevented riots from spreading, and that two of its men were killed in the violence. Reporting by Rupam Jain, Additional reporting by Sakshi Dayal; Editing by YP Rajesh and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Adnan Abidi, Anil Vij, Vij, Ernst &, Gurugram, Narendra Modi's, Praveen Babbar, Aftab Ahmed, Tara Kartha, Rupam Jain, Sakshi Dayal, YP Rajesh, Raju Gopalakrishnan Organizations: REUTERS, Bharatiya Janata Party, BJP, nab, Reuters, Fortune, American Express, Dell, Samsung, Ernst, Ernst & Young, Deloitte, Hindu, Force, Haryana Police, Analysts, of Peace, YP, Thomson Locations: Nuh district, Haryana, India, Delhi, Nuh, Gurugram, Gurgaon, New Delhi, Suzuki's, India's, Nuh's

☆ Powerful Indian Hindu group backs government's opposition to same-sex marriage recognition
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, March 14 (Reuters) - The ideological parent of India's ruling Hindu nationalist Bharatiya Janata Party (BJP) has backed the government position against recognising same-sex marriage, months after raising hopes with supportive comments on gay rights. Prime Minister Narendra Modi's BJP government has opposed recognising same-sex marriage and urged the Supreme Court to reject challenges to the current legal framework lodged by LGBT couples. "Marriage can only take place between persons of opposite genders, we agree with the government's stance on same-sex marriage," the Press Trust of India news agency quoted Dattatreya Hosabale, a top official of the Rashtriya Swayamsevak Sangh (RSS), as saying. Although Bhagwat had not referred specifically to same-sex marriage, his comments could force the government to reassess its opposition, a junior minister in the federal government and a senior BJP leader had said at the time. The RSS, established in 1925, is a powerful Hindu group estimated to have millions of active members across India and overseas.

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