BJP's win to improve biz sentiment,boost pvt investment: Fitch : Bulletin: Business Today
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BJP's win to improve biz sentiment, boost pvt investment: Fitch

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BusinessToday.In | May 24, 2019

Elections in India an inspiration around the world: US

Congratulating Prime Minister Narendra Modi on his re-election, the United States has said that the just concluded elections in India, the largest democratic exercise in human history, is an inspiration for people around the world. Prime Minister Narendra Modi on Thursday led his Bharatiya Janata Party to a super-sized victory for a second term in office, winning an absolute majority and on course to touch the 300-seat mark in the 543-member Lok Sabha. Secretary of State Mike Pompeo too took to Twitter to congratulate the prime minister.

India Inc hails 'NaMo again', watches for bold reforms in NDA 2.0

India Inc Thursday said BJP-led NDA's stupendous performance in Lok Sabha polls is an endorsement of Prime Minister Narendra Modi's decisive leadership, asserting that NDA 2.0 must unleash bold initiatives to transform the economy. Several corporate honchos, including Gautam Adani, Anand Mahindra, Adi Godrej, Anil Agarwal, Sunil Bharti Mittal and Sajjan Jindal cheered as results and trends pointed towards the BJP and allies returning to power with a thumping majority, saying it was the time for deep reforms.

BJP's victory to improve biz sentiment, boost pvt investment: Fitch

The BJP's "apparent landslide victory" is likely to improve business sentiment and outlook for private investment, Fitch Ratings said Thursday. It said that from a credit rating perspective, Fitch would focus on the extent of the next government's efforts to improve India's weak fiscal finances. The global rating agency said it expect the government to remain reform-minded

PM Narendra Modi removes 'chowkidar' prefix on Twitter handle

PM Modi has removed the prefix 'chowkidar' from his Twitter handle soon after winning the Lok Sabha elections. For the uninitiated, 'Main Bhi Chowkidar' was the BJP's peak election sloganeering. After they put the prefix, it started a trend on social media and all BJP-followers put 'chowkidar' as a prefix

Facebook: Fake account removal doubles in 6 months to 3 billion

Facebook removed more than 3 billion fake accounts from October to March, twice as many as the previous six months, the company said Thursday. Nearly all of them were caught before they had a chance to become "active" users of the social network. Facebook said it saw a "steep increase" in the creation of abusive, fake accounts. While most of these fake accounts were blocked "within minutes" of their creation, the use of computers to generate millions of accounts at a time meant not only that Facebook caught more of the fake accounts, but that more of them slipped through.

Possibility of including Huawei in trade deal with China: Trump

There is a possibility of including Huawei in the ongoing trade deal with China, US President Donald Trump has said, days after signing an executive order that effectively barred the Chinese telecom giant from the American market. Shenzhen-headquartered Huawei, a rapidly expanding leader in 5G technology, buys about USD 67 billion worth of components each year, including about USD 11 billion from the US suppliers, according to estimates.

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