The surge in stock prices in India fueled by the Exit Polls showing a big win for the BJP has carried on to the stocks of Indian companies trading in the US. Of the 11 Indian company stocks trading as American Depository Receipts (ADR) on US exchanges, eight of them rose on Monday.
Giving his first reactions on the impressive numbers achieved by his party and the INDIA bloc partners in the Lok Sabha elections, Congress leader Rahul Gandhi said on Tuesday that it was a fight to save the Constitution and the Constitutional institutions from the persistent onslaught of the ruling party.
The Delhi High Court on Tuesday denied bail to Amandeep Singh Dhall, director of Brindco Sales Private Limited, in connection with the excise policy case. Justice Swarana Kanta Sharma dismissed Dhall’s plea for regular bail in the case registered by the Central Bureau of Investigation (CBI).
Following the preparation for the forthcoming event of the swearing-in-ceremony of the Council of Ministers at Rashtrapati Bhavan, the visit in Circuit -1 will remain closed for the general public from June 5 to 9, an official said on Tuesday. A meeting of the Union Cabinet is also expected to be held on Wednesday, under the leadership of Prime Minister Narendra Modi.
India’s Prime Minister Narendra Modi, who claimed victory for his alliance in an election seen as a referendum on his decade in power, is a popular but polarizing leader who has presided over a fast-growing economy while advancing Hindu nationalism. Modi, 73, is only the second Indian prime minister to win a third straight term.
With the counting of votes for all seven phases of Lok Sabha elections scheduled for Tuesday, anticipation is mounting to see if the Exit Poll projections align with reality. Many pollsters have forecast a third consecutive term for Prime Minister Narendra Modi, making it a focal point of discussions.
