Popular Articles

FIIs net sell Rs 2,813cr, DIIs net buy Rs 1,980cr
Foreign institutional investors (FIIs) were net sellers of Rs 2,813.06 crore (provisional) today, according to data released by BSE.

BASIC to meet in Delhi to discuss climate strategy
With Copenhagen Accord setting a January 31 deadline for the nations to specify 2020 emission targets and other steps, India will hold discussion with other BASIC group members comprising China, South Africa and Brazil in New Delhi to discuss their climate strategy.

News of the day

Resistance seen around 5,200
The Nifty has pulled back from a low of 4,942 to above 5,100 with support from positive global cues and short-covering. The index today closed at 5,144. Technically, the V-shaped pullback should have halted at around 5,090, but excessive short-covering saw the index close at the 5,144 level. However, the December futures changed hands at the 5,096 level, indicating there were few takers at higher levels.
International Business

Poll defeats set BJP thinking about the road ahead

The defeat of BJP today, especially in Maharashtra and Haryana where it had been part of coalition governments earlier, has come as a severe blow to the party that is already reeling under the Lok Sabha debacle and serious internal discord. - Big names in Maharashtra polls - Cong should not form government: Chautala - Congress heading towards "simple majority" in Haryana - Congress-NCP combine leading in Maharashtra - Cong to retain power in Maha, Haryana and Arunachal - BJP-Shiv Sena concede defeat in Maharashtra While BJP did not have much hope in Haryana, where its dumped its ally INLD and failed to cobble up an alliance with with Bhajan Lal"s party HJC, the third consecutive assembly election loss in Maharashtra has thoroughly demoralised the party. In alliance with its oldest saffron friend, Shiv Sena, the party had hoped to retrieve some ground after the Lok Sabha debacle by capturing power in Maharashtra, pinning on anti-incumbency factor. But the Raj Thackerary-led MNS, the splinter group of Shiv Sena, again played the spoilsport for the Sena-BJP combine handing over victory to the Congress-NCP combine for a third consecutive term. BJP spokesman Ravi Shankar Prasad admitted as much when he said that MNS, which was poised to get 12 seats, had affected the alliance in over 40 seats. This, he said, had made the difference between victory and defeat. One of the top leaders of BJP in Maharashtra, Gopinath Munde, appeared despondent when he said the party was badly in need of a morale-booster but what happened in the state would come as a further dampner. "Nationally the party needs a young leadership," he said, a view that may find immediate resonance in several of his partymen. "The victory would have had a major effect on the party at the national level but we lost. The party needs a morale booster and a young leadership," he said. Prasad said "We will have to think about our weaknesses... We will have to carry out an honest analysis. We need to address these issues." "I feel that the most important is that we need to speak in one voice," he said, hinting that discord within the party could have been one of the factors for its poor performance. While a change of guard is in the offing with party president Rajnath Singh completing his term in December, this defeat is likely to raise the clamour for senior leader L K Advani shedding whatever posts he has like the Leader of the Opposition in Lok Sabha. The RSS, which had told Advani to choose his successor as Leader of Opposition in Lok Sabha, is likely to assert itself further and play a more prominent role in BJP affairs. This may lead to more pressure on Advani to quit active politics sooner, say party sources.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):