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Bihar legislative council polls: Seat allotment signals growing RJD-Congress differences

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Bihar legislative council polls: Seat allotment signals growing RJD-Congress differences

PATNA: On Sunday, Rashtriya Janata Dal (RJD) announced the 20 candidates in the Bihar Legislative Council poll while allocating a seat for the Communist Party of India. It is unclear whether the RJD will offer the remaining three seats to Congress, which is believed to plan to contest all 24 seats individually.

RJD leader Tejashwi Yadav said the decision to fight for the majority was in line with the wishes of the party and its supporters. “We support Congress ideologically. But it should be regional parties, whether it’s the RJD, Trinamool Congress [TMC], Samajwadi Party [SP], that should dominate,” he said.

An RJD leader said Yadav saw an opportunity to boost the party’s approval ratings in the 2024 national polls. “That’s why he’s starting to get tough on Parliament so his party doesn’t lessen under pressure to give National more seats.”

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Bihar, Uttar Pradesh and West Bengal sent 161 members to parliament, the second leader said. He added that Yadav knew that if he could become part of a regional bloc, rather than aligning himself with Congress alone, he could raise his profile as the country’s leader. “That’s why RJD is backing TMC in Bangladesh polls and SP in Uttar Pradesh.”

Yadav’s disagreement with Congress is believed to have started after National won just 19 of the 70 seats allotted in the 2020 parliamentary elections. The RJD is said to have chosen to stand in parliamentary votes in Tarapur and Kushweshwar Asthan in October, ignoring Congress because of the differences.

RJD chairman Lalu Prasad Yadav cited Congress’ poor performance in the 2020 Bihar polls as one of the factors preventing his coalition from forming a government. “Congress can always compete for 24 [Legislative Council] seats on its own. Who’s stopping them?”

Congress leader Harku Jha said Congress had not decoupled or severed ties from the RJD. “It’s RJD that’s doing it. It’s unfortunate,” he said.

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Last week, Congress leader Shakir Ahmed Khan slammed the RJD for acting arrogantly. “The RJD will only come to Congress when it is weak again. This arrogant attitude from the RJD is not good,” he said.

BJP leader Ashok Kumar Sinha said the RJD’s snub reflected the growing hostility between the two allies. “It also shows a weakening of central leadership in Congress. Congress will be weakened even more in the eastern states.”

Complete News Source : Hindustan Times

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Stock market in red amid India’s diplomatic action against Pakistan

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Stock market in red amid India’s diplomatic action against Pakistan

The stock market opened in red on Thursday, with the Sensex trading below 187.91 points and the Nifty below 46.45 points. The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. Eight of the 13 major sectors declined at the open, while the broader, more domestically focused small-caps and mid-caps traded flat.

Ajay Bagga, market expert, said that the overhang remains for the next 10 to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. On Wednesday, stock markets extended their surge to the seventh day, with Sensex share jumping 520 points to close above 80,000 level for the first time in four months.

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The stock market closed in green for the 7th day on Wednesday, with the 30-share Sensex rising by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged by 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. HCL Tech surged the most by 7.72 per.

Cent after posting an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore. Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC, and UltraTech Cement were also among the laggards, according to PTI Both the Sensex and Nifty reversed their seven-day.

Uptrend and settled lower on Thursday, amid profit-taking and disappointing Q4 earnings of Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel, and a largely muted trend in Asian and European equities also dragged the markets down, PTI reported. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty.

jumped 1,929.8 points or 8.61 per cent ​Indian stock markets experienced significant declines on April 25, 2025, amid escalating geopolitical tensions with Pakistan following a deadly militant attack in Pahalgam, Kashmir, which resulted in 26 civilian deaths. The BSE Sensex fell by 1,195 points during intraday trading, closing 570.8 points lower at 79,227, while the NSE.

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The market downturn was driven by widespread losses across sectors, with 12 out of 13 major indices ending in the red. Broader markets were also affected, as mid-cap and small-cap Nifty50 dropped 207.3 points to settle at 24,039 indices declined over 2%. Investor sentiment was further dampened by India’s strong diplomatic response to the attack, which included.

suspending the Indus Waters Treaty, closing the Attari border crossing, and revoking visa privileges for Pakistani nationals The Indian rupee weakened, closing 0.2% lower at 85.45 against the U.S. dollar, influenced by month-end dollar demand and increased geopolitical uncertainty. Bond yields also rose, reflecting heightened risk aversion among investors

Analysts caution that the ongoing tensions between India and Pakistan could continue to impact market stability. While a full-scale conflict is considered unlikely, the situation remains fluid, and investors are advised to monitor developments closely In Pakistan, the Karachi Stock Exchange’s KSE-100 index fell by 2.12%, or 2,485.85 points, as investors reacted to India’s.

The United Nations has urged both nations to exercise restraint and resolve their differences through peaceful dialogue diplomatic measures and the suspension of the Indus Waters Treaty Indian stock markets slipped into the red on April 25, 2025, following India’s strong diplomatic actions against Pakistan after a deadly terrorist attack in Kashmir. The BSE Sensex.

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