DIRS.INFO The most relevant business & tech news

☆ Modi is sworn in for a rare third term as India’s prime minister
▼ + stars: | 2024-06-09 | by ( ) www.cnbc.com time to read: +3 min

Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. NEW DELHI — Narendra Modi was sworn in Sunday for a rare third consecutive term as India's prime minister, relying on his coalition partners after his party failed to win a parliamentary majority in a surprise outcome. The 73-year-old popular but polarizing leader is only the second Indian prime minister after Jawaharlal Nehru to retain power for a third five-year term. An avowed Hindu nationalist, the prime minister is considered a champion of the country's Hindu majority, who make up 80% of India's 1.4 billion population. Several South Asian leaders attended the swearing-in ceremony Sunday, including Bangladesh Prime Minister Sheikh Hasina, Sri Lankan President Ranil Wickremesinghe, Nepalese Prime Minister Pushpa Kamal Dahal and Maldives President Mohamed Muizzu.

Persons: Narendra Modi, Modi, Droupadi Murmu, Jawaharlal Nehru, he's, Sheikh Hasina, Ranil Wickremesinghe, Pushpa Kamal Dahal, Mohamed Muizzu, Muizzu Organizations: Indian, Bharatiya Janata Party, BJP, NEW, Modi's National Democratic Alliance, Modi's BJP, Telugu Desam Party, Janata Dal, INDIA, Bangladesh Locations: New Delhi, India, Andhra Pradesh, Bihar, Sri, Maldives, China

☆ How the USA’s shock cricket triumph reflects a global sporting and geopolitical transformation
▼ + stars: | 2024-06-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

A national cricket team that most Americans didn’t even know they had beat one of the sport’s global powers Pakistan, for whom the game is a national obsession. “There is this pivot from global north to global south,” said Chadwick. The first ever international fixture was between the United States and Canada in 1844 in New York. The World Cup is being carried in the US on Willow TV, a streaming service that is also available on cable systems for an extra fee. The global game, soccer, has several times hubristically tried to conquer the US and it’s taken years to reach its current level with strong pro leagues the MLS and the NWSL.

Persons: didn’t, ”, Monank Patel, Corey Anderson, “ It’s, “, Peter Della Penna, Donald Trump, Narendra Modi, Simon Chadwick, “ You’ve, You’ve, It’s, Virat Kohli, Germain, LIV, Modi, Chadwick, Donald Bradman, Michael Jordan, Pakistan –, Saurabh, Milind Kumar, hubristically, it’s, Della Penna, you’re, ” Della Penna Organizations: CNN, team, Cricket, Pakistan, USA Cricket, New Zealand, Indian, , Indian Premier League, Major League Cricket, IPL, US, America, United Arab Emirates, Manchester City, Paris Saint, Formula One, Hindu, FIFA, Beijing, Bowlers, Down, England, Elite US, Willow, MLS, England’s Premier League, Manchester United, Arsenal, tailgates, Women’s National, TV, South Locations: Pakistan, United States, Caribbean, Texas, American, America, Long, , New York, India, Australia, Nassau County, Ahmedabad, Gulf, United Kingdom, Europe, East, South Asia, British, Sri Lanka, South Africa, Zealand, England, North Carolina, Manchester, Qatar, Paris, Germain . Middle, Saudi Arabia, Los Angeles, There’s, Canada, New York, Sri Lankan, California, New Delhi, China, Belgium, Commonwealth

☆ India elections: Modi and his Hindu nationalist BJP have another five years in power. What does it mean for the world?
▼ + stars: | 2024-06-08 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

CNN —Narendra Modi has raised India’s stature on the global stage like no other recent leader of the world’s most populous country. But the election results also place Modi in a radically different position from the one he enjoyed during his first decade in power. Now, Modi’s BJP will need to answer the interests of its coalition allies – and face stronger checks from a resurgent opposition, which could dampen its Hindu-nationalist agenda. In the meantime, some observers suggest that while the election results may not have boosted Modi, they are already a boon for India’s global clout. “India coming back as a proper democracy is good for the world order in many senses,” he added.

Persons: CNN — Narendra Modi, –, Modi, ”, T.V, Paul, “, Nehru, ” Modi, Joe Biden, Pete Marovich, that’s, Washington, Farwa Aamer, assertiveness –, Justin Trudeau, Nasir Kachroo, Pakistan –, Sushant Singh, Fahd Humayun, India’s Organizations: CNN, Bharatiya Janata Party, BJP, Reuters, Japan, South Asia, Asia Society Policy, Modi . Canadian, Canadian, Yale University, Indian, Tufts University, ”, McGill University Locations: India, Delhi, United States, China, Pakistan, Australia, New York, New Delhi, Washington, Russia, Canada, Indian, American, Jammu, Kashmir, Modi’s BJP, BJP, Islamabad

lost New Delhi Uttar Pradesh Rajasthan Kolkata ODISHA Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman Islands KERALA Seats N.D.A. lost New Delhi Uttar Pradesh Kolkata Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman Islands KERALA Seats N.D.A. Uttar Pradesh Uttar Pradesh 2019 2024 Ghaziabad Ghaziabad Lucknow Lucknow Ayodhya Ayodhya Kanpur Kanpur Varanasi Varanasi Opposition N.D.A. Opposition Other +8 +16 Ghaziabad Lucknow Ayodhya Kanpur Varanasi 2019 Uttar Pradesh Ghaziabad Lucknow Ayodhya Kanpur Varanasi 2024 Uttar Pradesh Margin of victory, in pct. Opposition Other +8 +16 +8 +16 +8 +16 Nagpur Mumbai Pune 2019 maharashtra Nagpur Mumbai Pune 2024 maharashtra Margin of victory, in pct.

Persons: Narendra Modi, Modi, Modi’s, —, N.D.A Organizations: Bharatiya Janata Party, B.J.P, Congress, National Democratic Alliance Locations: India, New Delhi Uttar Pradesh Rajasthan Kolkata, Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman, KERALA, New Delhi Uttar Pradesh Kolkata Maharashtra Mumbai Visakhapatnam ANDHRA PRADESH Bangalore Andaman, New Delhi Uttar Pradesh Kolkata Maharashtra Mumbai ANDHRA PRADESH Bangalore KERALA, Maharashtra, West Bengal, Uttar Pradesh, India’s, Uttar Pradesh Uttar Pradesh, Ghaziabad Lucknow Lucknow Ayodhya Ayodhya, Varanasi Varanasi, Ghaziabad Lucknow Ayodhya Kanpur Varanasi, Ayodhya Kanpur Varanasi, Ayodhya, Mumbai, maharashtra maharashtra, Nagpur Nagpur Mumbai Mumbai Pune Pune, Nagpur Mumbai Pune, maharashtra Nagpur Mumbai Pune, maharashtra, Andhra Pradesh, Kerala, Telangana, Odisha

☆ CNBC's Inside India newsletter: Modi's loss could be India's gain
▼ + stars: | 2024-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +7 min

Indian Prime Minister Narendra Modi gestures, at the Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Adnan Abidi | ReutersThis 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. Far from rewarding Prime Minister Narendra Modi's party with a supermajority — as polls had predicted — Indians elected 240 BJP lawmakers to India's 543-seat Parliament, which falls short of a simple majority for Modi's party. However, as the largest party, the BJP will form a coalition government thanks to its alliance with smaller parties ahead of the elections. This "radical transformation" is expected to lead to a significantly more efficient economy and help India's currency, according to Sullivan.

Persons: Narendra Modi, Adnan Abidi, Narendra Modi's, Modi, Gavekal, Tom Miller, Udith Sikand, Malcolm Dorson, Aastha Gudwani, who's, India's, Morgan, Ridham Desai, Will, Goldman Sachs, Abhiram Eleswarapu, Eleswarapu, Tanvir Gill, Sri Jegarajah, Sumathi Bala, Seema Mody, Amala Balakrishner, Vinay Dube, could've, James Sullivan, Sullivan Organizations: Indian, Bharatiya Janata Party, BJP, Reuters, CNBC, Global, of America, Gavekal Research, India Active, BNP, CNBC Pro, JPMorgan, U.S . Federal Locations: New Delhi, India, CNBC's

☆ Indian Prime Minister Modi set to take oath for a third time as allies pledge support
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +2 min

Indian Prime Minister Narendra Modi's National Democratic Alliance (NDA) formally named him on Wednesday to lead a new coalition government for a third straight term, a day after it regained power with a surprisingly slim majority. Indian Prime Minister Narendra Modi's National Democratic Alliance formally named him on Wednesday to lead a new coalition government for a third straight term, a day after it regained power with a surprisingly slim majority. The BJP-led NDA won 293 seats in the 543-member lower house of parliament, more than the simple majority of 272 seats needed to form a government. The INDIA alliance led by Rahul Gandhi's centrist Congress party won 230 seats, more than forecast. Separately, leaders of the INDIA alliance that comprises over two dozen parties also met at the residence of Congress President Mallikarjun Kharge in Delhi.

Persons: Narendra Modi's, Modi, Rahul Gandhi's, Droupadi Murmu, Mallikarjun Kharge, Kharge Organizations: Indian, Narendra Modi's National Democratic Alliance, Bharatiya Janata Party, INDIA, BJP Locations: Indian, Delhi

☆ Narendra Modi’s India
▼ + stars: | 2024-06-06 | by ( Alex Travelli | ) www.nytimes.com time to read: +1 min

Despite having led India for a decade, Modi has in some ways kept his country guessing about his vision. On major issues — India’s relationships, its economy, its society and its government — it’s still unclear what sort of country Modi wants India to be. India has spent recent years deepening its relationship with the United States. It has gotten closer to American allies, including Japan and Australia, and ordered high-end American weapons systems — the kind that create dependence down the road. After Russia invaded Ukraine, the United States tried in vain to persuade India to take a stand against the war.

Persons: Narendra Modi, Modi, — it’s Locations: India, United States, Japan, Australia, China, Beijing, U.S, Russia, Ukraine

☆ India’s economic boom won’t be derailed by its election shock
▼ + stars: | 2024-06-05 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

New Delhi CNN —Narendra Modi has declared victory in India’s election but he’ll need the support of smaller parties to govern, a shock result that could make it harder for him to pass major economic reforms. Experts have highlighted land reform as an example of policies that might now be tougher for Modi to implement. India will need to address those issues if it is to capitalize on the massive rethink underway among companies on supply chains. Despite the surprise electoral setback for Modi’s right-wing, Hindu-nationalist Bharatiya Janata Party (BJP), experts say the world’s fastest growing major economy will continue to live up to its billing. The party’s underperformance led to a plunge on India’s stock market, which had its worst day in four years Tuesday.

Persons: New Delhi CNN — Narendra Modi, ”, Peeyush Mittal, Modi, ” Shilan Shah, underperformance, Aditya Suresh, Shah, Malcolm Dorson, It’s Organizations: New, New Delhi CNN, Matthews Asia, Apple, Foxconn, Bharatiya Janata Party, BJP, Capital Economics, Investors, Macquarie Capital, Unified Locations: New Delhi, United Kingdom, India, China, San Francisco, Beijing, Washington, United States, Western

☆ Indian Prime Minister Narendra Modi's election shortfall leaves Wall Street scrambling
▼ + stars: | 2024-06-05 | by ( Seema Mody | ) www.cnbc.com time to read: +5 min

Indian Prime Minister Narendra Modi gestures, at the Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Over the past several years, chief executives from some of the biggest companies in the United States have invested time and money into relationships with Modi, as they set their sights on the Indian market. Modi's economic agendaModi's failure to secure a supermajority for his party also raises new questions about the Modi government's broader economic agenda. Now, one of the labor laws that Modi's government had intended to reform may not get implemented, because Modi's party, the Bharatiya Janata Party, or BJP, no longer holds an outright majority in Parliament. Supporters of the ruling Bharatiya Janta Party (BJP) holding cut-outs of India's Prime Minister a Narendra Modi during an election campaign rally in Amritsar on May 30, 2024.

Persons: Narendra Modi, Adnan Abidi, Garre, Modi, Pramit Chaudhuri, Rahul Sharma, Shafer Cullen, Sharma, Chaudhuri, Raghuram Rajan, Rajan, Narinder Nanu Organizations: Indian, Bharatiya Janata Party, BJP, Reuters, Bernstein, GE Aerospace, Apple, Nvidia, CNBC, Modi, Coalition, Asia Society's, Reserve Bank of India, University of Chicago's Booth School of Business, Bharatiya Janta Party, India's, Afp, Getty Locations: New Delhi, India, United States, China, Asia, Asia Society's India, Eurasia, Amritsar

☆ Modi's weaker-than-expected election win raises questions over his economic and political agenda
▼ + stars: | 2024-06-05 | by ( Sumathi Bala | ) www.cnbc.com time to read: +5 min

Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. he said, adding Modi will likely have an "uneasy relationship" with its coalition partners. Veteran investor David Roche called the election outcome an exercise of "karma," adding that this was Modi's election to lose. The party suffered some of its high-profile losses here, with political BJP heavyweights like Smriti Irani among others, losing their seats. A 'humbling moment'Going into the election, Modi's popularity endured despite India's economic problems such as high youth unemployment, inflation and income inequality.

Persons: Narendra Modi, Adnan Abidi, Modi, Neelanjan Sircar, We've, Sircar, CNBC's, —, David Roche, Roche, Smriti Irani, overreach, he's, Michael Kugelman, Wilson Organizations: Indian, Bharatiya Janata Party, BJP, Centre for Policy Research, Indian National Congress, Developmental Inclusive Alliance, Independent, South Asia Institute Locations: New Delhi, India, INDIA, Uttar Pradesh, Ayodhya, Faizabad, Maharashtra, Rajasthan

Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Asia-Pacific markets were mixed as investors assessed India's election results after Prime Minister Narendra Modi's Bharatiya Janata Party fell short of an outright majority in the lower house of parliament. Still, Modi is set for a third term in power after the BJP-led National Democratic Alliance secured 294 seats, more than the 272 needed for the coalition to form the government. Elsewhere, first-quarter gross domestic product figures are expected out of Australia.

Persons: Narendra Modi, Narendra Modi's, Modi Organizations: Indian, Bharatiya Janata Party, BJP, Narendra Modi's Bharatiya Janata Party, National Democratic Alliance Locations: New Delhi, India, Asia, Pacific, Australia

☆ Climate change: Planet endures 12 straight months of unprecedented heat
▼ + stars: | 2024-06-05 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

CNN —The planet just marked a “shocking” new milestone, enduring 12 consecutive months of unprecedented heat, according to new data from Copernicus, the European Union’s climate monitoring service. Unless planet-warming fossil fuel pollution is slashed, “this string of hottest months will be remembered as comparatively cold,” he said. “We need an exit ramp off the highway to climate hell.”As temperatures surge, global climate commitments are “hanging by a thread,” he warned. The average global temperature over the past 12 months was 1.63 degrees above these pre-industrial levels. But unprecedented heat has already left a trail of death and destruction across the planet this spring.

Persons: Copernicus, Carlo Buontempo, General António Guterres, Guterres, ”, Richard Allan, Ben Clarke, Raj K Raj, Diego Vara, ” Gutteres, ” Guterres, El Niño, Buontempo Organizations: CNN, United Nations, University of Reading, United Arab, Imperial College London’s Grantham Institute, Hindustan Times, Reuters, El, World Meteorological Organization, WMO Locations: New York, Russian, Paris, India, Asia, Mexico, United States, Brazil, Kenya, United Arab Emirates, New Delhi, Cavalhada, Porto Alegre

☆ Analysis: India wants to be the next economic superpower. Half of its population holds the key
▼ + stars: | 2024-06-05 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

New Delhi CNN —India, the world’s fastest growing major economy, is not firing on all cylinders. The engineering graduate started working at Finnish electronics manufacturer Salcomp’s factory in the southern Indian state of Tamil Nadu last year. Adnan Abidi/ReutersLike India, women in China were also relegated to subordinate roles for centuries. Factory jobsMuch of this change is visible in Tamil Nadu, India’s industrial powerhouse where companies such as Foxconn and Samsung have manufacturing plants. Employees test mobile phones on an assembly line of a unit of Foxconn Technology in Sriperumbudur, Tamil Nadu, on July 12, 2019.

Persons: Narendra Modi, Gunasri Tamilselvan, Tamilselvan, “, ”, It’s, Chandrasekhar Sripada, Adnan Abidi, Mao, ” Mao, Modi, Vishnu Venugopalan, Deepesh Nanda, Karen Dias, Parameshwari, Arun Roy, Roy Organizations: New, New Delhi CNN, European Union —, CNN, World Bank, Bank, McKinsey, Indian School of Business, Reuters, Communist Party, Apple, Samsung, Guidance, Tata Group, Tata Power, Foxconn Technology, Bloomberg, Getty, Tata, Tamil Locations: New Delhi, India, Tamil Nadu, South Asia, United States, China, Nongriat, Shillong, Meghalaya, Beijing, Washington, Guidance Tamil, Sriperumbudur, Tirunelveli, Zhengzhou, Tamil

☆ Rahul Gandhi, Long on the Ropes, Looks Set for an Unexpected Comeback
▼ + stars: | 2024-06-05 | by ( Sameer Yasir | ) www.nytimes.com time to read: 1 min

Just last year, Rahul Gandhi and the once-powerful party he led, the Indian National Congress, seemed to be on the ropes and little threat to Prime Minister Narendra Modi’s consolidation of political power. Congress had not been a competitive factor in national elections in years, winning fewer and fewer votes each time Mr. Modi’s Bharatiya Janata Party was elected. And Mr. Gandhi himself had been convicted on a slander charge and barred from holding a seat in Parliament. But on Tuesday, Mr. Gandhi and a broad opposition coalition led by his Congress party registered a far stronger showing than expected in India’s elections, setting the stage for an unlikely comeback. “This time he has improved his vote share by at least 17 million votes, which is very substantial.”

Persons: Rahul Gandhi, Narendra Modi’s, Modi’s, Gandhi, ”, Rasheed Kidwai Organizations: Indian National Congress, Modi’s Bharatiya Janata Party, Observer Research Foundation Locations: New Delhi, “

☆ Opinion: For Indian Muslims like me, the hope of a weakened Modi
▼ + stars: | 2024-06-05 | by ( Opinion Ziya Us Salam | ) edition.cnn.com time to read: +8 min

Tuesday’s election results, in which Prime Minister Modi sealed a rare third term, only enhance the sense of gloom and doom for Indian Muslims like me. With the BJP back in power – albeit without the supermajority it had vowed – my only hope lies in a politically weakened Modi now. A weakened Modi shall, hopefully, translate into a more robust India and more secure minorities. In the days and months to come, things could get seriously tough for Indian Muslims. It could be the norm for the rest of India soon as the BJP tries to deny Indian Muslims the right to follow Islamic laws in civil matters, a right granted by the Indian Constitution.

Persons: Salam, Read, Modi, Modi’s, Mukhtar Khan, ”, –, Narendra Modi, Elke Scholiers, Rahul Gandhi, Jawaharlal, Taj Mahal, Qutb, We’ve Organizations: “, New, New Delhi CNN, Bharatiya Janata Party, BJP, India’s Independence, Indian National Congress, INC, Union Budget, SC, ”, OBC, Twitter, Telugu Desam, Janata Dal, Congress Locations: Hindu India, New Delhi, Narendra Modi’s India, India, –, Srinagar, Rajasthan, Muslim, Pakistan, Lok, Gujarat, Ghaziabad, Uttar Pradesh, Lower, Independence, Kerala, Mumbai, Gandhi’s, BJP, Qutb Minar, Delhi, Babri, Assam, Uttarakhand, Indian

☆ There's a 'dark side' to Modi government's political centralization, analyst says
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a 'dark side' to Modi government's political centralization, analyst saysNeelanjan Sircar, a senior fellow at the Centre for Policy Research in New Delhi, discusses India's election results.

Persons: Modi, Neelanjan Sircar Organizations: Centre for Policy Research Locations: New Delhi

☆ Modi is on a mission to assert India's global power. His election setback won't deter him.
▼ + stars: | 2024-06-05 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Read previewIndia's Prime Minister Narendra Modi emerged from Tuesday's election with his air of invincibility damaged. AdvertisementA leader of the global southUnder Modi, India's growth has put it on the path to becoming the world's third-biggest economy by 2027 — and it has become an important and increasingly abrasive global power player. He has sought to balance this by forming ties with US adversary Russia and has clashed with Asia's chief power, China. Advertisement"This election result is unlikely to have much of an impact on India's international security actions," said Rossow. Alexandr Demyanchuk/AFP/Getty ImagesBut there will be serious challenges for Modi in seeking to cement India's new global status.

Persons: —, Narendra Modi, Modi, Richard Rossow, Joe Biden, Dan Kitwood, it'll, Rossow, Modi's, Vladimir Putin, Alexandr Demyanchuk, Vladimir Putin's, Washington, China's Xi Jinping, Putin, Ashley J Organizations: Service, BJP, Business, Modi, UN Security Council, Center for Strategic, International Studies, India, US, UK, Washington Post, Indian, Shanghai Cooperation Organisation, Carnegie Endowment, International Peace Locations: India, Russia, China, New Delhi, Australia, Japan, Canada, Russian, Samarkand, AFP, Vladimir Putin's Russia, Ukraine, Pakistan

☆ Analysis: Voters reject Modi’s vision for one-party state in India’s 2024 election
▼ + stars: | 2024-06-05 | by ( Rhea Mogul | ) edition.cnn.com time to read: +7 min

According to most polls, India’s election was a foregone conclusion. Prime Minister Narendra Modi’s right-wing, Hindu-nationalist alliance was expected to secure a supermajority – and with it the power to enact radical change unopposed. To Modi’s critics and opponents, India was on the fast track to becoming a de-facto one-party state. Going into this election, Modi had set a goal of winning 400 seats in the lower house of parliament, or Lok Sabha. The BJP’s inability to secure an outright majority “pricks the bubble of Modi’s authority,” wrote political scientist Pratap Bhanu Mehta Tuesday night.

Persons: Narendra Modi’s, Modi, Bharatiya Janata Party wouldn’t, God, ”, Pratap Bhanu Mehta, “, Jawaharlal Nehru, Ritesh Shukla, Arathi Jerath, India’s, Arvind Kejriwal, Critics, –, ” Mehta, Sanjay Singh, “ Modi, Neelanjan Sircar Organizations: CNN, Bharatiya Janata Party, …, BJP, Aadmi Party, ‘, National Democratic Alliance, Center for Policy Research Locations: India, Lok Sabha, –, Ayodhya, New Delhi, Delhi

☆ India's Narendra Modi declares victory despite election blow
▼ + stars: | 2024-06-04 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

India's Prime Minister Narendra Modi (C) flashes victory sign as he arrives at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Indian Prime Minister Narendra Modi declared victory in the country's election late on Tuesday, despite his party looking set to lose its outright majority, leaving him reliant on smaller regional parties. The wider BJP-led National Democratic Alliance (NDA) looks set to win a combined 294 parliamentary seats, according to local media. "People have placed their faith in NDA, for a third consecutive time! This is a historical feat in India's history," Modi said on X as counting was nearing a conclusion.

Persons: Narendra Modi, —, Modi Organizations: India's, Bharatiya Janata Party, BJP, Indian, National Democratic Alliance Locations: New Delhi

☆ Indian stocks have worst day in 4 years as Modi’s hopes of a huge majority fade
▼ + stars: | 2024-06-04 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —Indian stocks plunged Tuesday as vote counting in the country’s election suggested Prime Minister Narendra Modi’s dream of a landslide victory is at risk, raising doubts about his ability to push through more aggressive economic reforms. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each closed down by nearly 6%. The worst daily drop for Indian stocks since 2020 came just 24 hours after both indexes hit record highs as weekend exit polls prompted experts to predict a resounding victory for Modi. The 73-year-old ran on his economic record over the past 10 years, a period of robust growth for India. But investors have complained about the high price of Indian stocks and some analysts believe a correction could be healthy for markets.

Persons: Narendra Modi’s, Modi, India’s, ”, Yashovardhan Khemka, Manish Jain Organizations: New, New Delhi CNN, Bharatiya Janata Party, BJP, Research, Analytics, Abans Holdings, National Stock Exchange of India, Shenzhen Stock Exchange, Hong Kong Exchange, bourse, World Federation of Exchanges, Mirae Locations: New Delhi, India, Mumbai, United States, China

☆ Early Election Results Suggest Sharp Turnaround for Indian National Congress
▼ + stars: | 2024-06-04 | by ( Sameer Yasir | More About Sameer Yasir | ) www.nytimes.com time to read: +1 min

In India’s last general election, in 2019, Prime Minister Narendra Modi’s party won 303 of 543 parliamentary seats — nearly six times as many as the main opposition party, the Indian National Congress. But early election results on Tuesday indicated a far stronger showing than expected for the Congress. “Whatever the final results, one thing is clear — it is a moral victory for Congress and our leader Rahul Gandhi, and defeat for B.J.P.,” said Robin Michael, a political worker, referring to Mr. Modi’s Bharatiya Janata Party. While there was no indication that Congress and the opposition coalition it leads would scrape together a majority to unseat Mr. Modi, party workers said that they had dented Mr. Modi’s aura of invincibility. They praised Mr. Gandhi, the Congress party’s most prominent figure and a great-grandson of Jawaharlal Nehru, India’s first post-independence prime minister.

Persons: Narendra Modi’s, jubilation, Rahul Gandhi, ”, Robin Michael, Modi’s, Mr, Modi, Gandhi, Jawaharlal Nehru, India’s Organizations: Indian National Congress, Congress, Modi’s Bharatiya Janata Party Locations: New Delhi

☆ Xabi Alonso: ‘Not winning treble with Bayer Leverkusen will make me a better manager’
▼ + stars: | 2024-06-04 | by ( Amanda Davies | ) edition.cnn.com time to read: +9 min

Xabi Alonso and Bayer Leverkusen are a living, breathing testament to that. “During the first weeks of the competition, I had a good feeling that we could make a good season. “For sure, I was not that optimistic that we could fight until the last week, but that we could have a good season? Could Leverkusen become just the second German team in history to complete a treble after Bayern Munich? “For the whole of Europe or even the whole world to see how good the teams are, how good the players are … it’s really, really important.

Persons: it’s, Xabi Alonso, they’ve, ‘, ’, ” Alonso, Amanda Davies, Alonso, ”, “, Francis Gonzalez, Granit, Victor Boniface, Florian Wirtz, Jeremie Frimpong, Ina Fassbender, “ We’re, Alonso applauds, Alex Grimm, It’s, Atalanta, That’s, Premier League …, Hesham, Jeremie, Frimpong, ” It’s, Vincent Kompany, Arne, he’d Organizations: Italy CNN, Bayer Leverkusen, CNN, Globe Soccer, “, Real Madrid’s, Real, Sociedad, Real Sociedad, Real Sociedad B, Bundesliga, Champions, Champions League, Bayern Munich, –, Leverkusen, Real Madrid, League, Getty, Augsburg, Invincibles, Benfica, Atalanta, Europa League, Kaiserslautern, Leverkusen's Europa League, Borussia Dortmund, ‘ Farmers League, Liga, Premier League, – Bayern Munich, Liverpool Locations: Sardinia, Italy, AFP, Germany, Europe, Dortmund, San Francisco, Delhi, Liverpool, Merseyside

☆ India elections: Modi declares victory but party faces shock losses in parliament and will need coalition
▼ + stars: | 2024-06-04 | by ( Rhea Mogul | ) edition.cnn.com time to read: +10 min

While final votes are still being tallied, India’s election authority has confirmed that the NDA coalition had secured the majority needed with 272 seats. Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, on June 4. Adnan Abidi/ReutersSupporters of the Bharatiya Janata Party (BJP) celebrate as they learn early election results on June 04, 2024 in Bengaluru, India. Preliminary results also suggest they have chipped away at BJP seats, including in some of the ruling party’s traditional strongholds. “He comes from a poor background and that helps him understands the people of India,” Varanasi BJP president Dileep Patel previously told CNN.

Persons: Narendra Modi, ” Modi, –, Modi, Adnan Abidi, Abhishek Chinnappa, Rahul Gandhi, ”, ‘, ’, thirstily, Rajgopal Kashyap, Nilanjan Mukhopadhyay, Surjeet Singh, Christophe Jaffrelot, Dileep Patel, Sunita Gautam, “ Modi Organizations: New, New Delhi CNN, National Democratic Alliance, NDA, Bharatiya Janata Party, BJP, Indian, Reuters, India’s National, Congress, CNN Locations: New Delhi, tatters, India, Bengaluru, Asia, United States, China, Russia, Washington, Delhi, Moscow, Ukraine, “, Gujarat, ” Varanasi

India's Prime Minister Narendra Modi flashes victory sign at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Completed vote counts by the Election Commission of India showed that Modi's BJP won just 240 seats. India's Parliament has 543 seats, and the party or coalition that wins at least 272 forms the government. Modi's decade-long ruleUnder Modi, India, home to 1.4 billion people, has witnessed robust economic growth. While India has seen robust economic growth under Modi, observers and critics have warned about the country's "democratic decline."

Persons: Narendra Modi, Money Sharma, Modi, Aiyar, CNBC's, Shilan Shah, Shah, Kranthi, Sensex, Samir Kapadia, that's, Malcolm Dorson Organizations: India's, Bharatiya Janata Party, BJP, Afp, Getty, Indian, Modi's BJP, National Democratic Alliance, Developmental Inclusive Alliance, Indian National Congress, Policy Research, Centre, Monitoring, Capital Economics, BSE, WealthMills Securities, Adani, Adani Enterprises, State Bank of India, ICICI Bank, Monetary Fund, India Index, Vogel, Dem, Global, Vogel Group, IMF Locations: New Delhi, India, INDIA, China, Sweden

☆ Who will win India’s general election and become the new prime minister? Votes get counted in world’s largest election
▼ + stars: | 2024-06-03 | by ( Rhea Mogul | ) edition.cnn.com time to read: +6 min

Some 642 million people cast their vote in the world’s largest election, as swathes of the country was blanketed in searing heat, making people sick and killing dozens. India's Prime Minister Narendra Modi shows his ink-marked finger after casting his vote outside a polling station in Ahmedabad, India, on May 7, 2024. The leader of the party that wins a majority will become prime minister and form a ruling government. His BJP centered its manifesto on job creation and anti-poverty programs, with a focus on women, the poor and farmers. He’s promised to turn India into a developed nation by 2047 and transform the country into a global manufacturing hub.

Persons: Narendra Modi, India’s, Adnan Abidi, Modi, He’s, God, –, Rahul Gandhi, Gandhi, Raj K Raj, Arvind Kejriwal, ” Organizations: CNN, Bharatiya Janata Party, BJP, Indian National Congress, India's, Reuters, National Democratic Alliance, Congress, Hindustan Times, Aadmi Party Locations: India, –, Lok Sabha, Asia, United States, China, Russia, Ahmedabad, Kerala, Uttar Pradesh, Lok, New Delhi, Delhi

Search resuls for: "Delhi"

25 mentions found