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 Keir Starmer is set to become the next prime minister of Britain, as his centre-left Labour Party is projected to secure a substantial majority in the parliamentary election. This victory will put an end to the 14-year reign of the Conservative government, which has been marked by frequent upheavals. Rishi Sunak's party suffered a resounding defeat in the polls. Labour has already secured more than 326 out of the 650 seats in parliament, and an exit poll indicates that the party is likely to win around 410 seats in total. After retaining his seat in north London, the 61-year-old Starmer addressed his constituents, saying, "The change begins right here because this is your democracy, your community and your future. You have voted and now it is time for us to deliver." Despite Starmer's decisive win, polls suggest that there is a lack of enthusiasm among the public for both him and his party. As he assumes power, he faces a multitude of formidable challenges that the c...

  UK Prime Minister Rishi Sunak has conceded defeat in the country's general elections as the trends showed that the Opposition Labour Party had won over 400 seats, while Sunak's Conservative Party is ahead on 110. "The Labour Party has won this general election, and I've called Sir Keir Starmer to congratulate him on his victory. Today, power will change hands in a peaceful and orderly manner, with goodwill on all sides. That is something that should give us all confidence in our country's stability and future," Rishi Sunak said while addressing his supporters in Richmond and Northern Allerton. "I am sorry. I take responsibility for the loss," he added. Sunak will tender his resignation to head of state King Charles III, with the monarch then asking Starmer, as the leader of the largest party in parliament, to form a government. Keir Starmer's Labour Party will come to power facing a daunting challenge, with a sluggish economy, creaki...

  Domestic markets traded within a narrow range and ended nearly unchanged on Thursday, pausing after Wednesday's gains. In today's trade, shares of HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy's, Lloyds Metals among others will be in focus due to various news developments and first-quarter updates. HDFC Bank India's leading private lender HDFC Bank on Thursday said its gross advances registered a growth of 53% year-on-year to Rs 24.87 lakh crore in the first quarter. IDFC First Bank State insurer Life Insurance Corporation of India (LIC) has increased its shareholding in IDFC First Bank to 2.68% acquiring the lender's shares at a price of Rs 80.63 per share. Sun Pharma, Dr Reddy's Dr Reddy's Laboratories and Sun Pharma are recalling products in the US due to manufacturing issues, as per the latest Enforcement Report by the US Food and Drug Administration (USFDA). Ujjivan Small Finance Bank Ujjivan SFB reported 22% year-on-year growth in its total deposit...

  The GIFT NIFTY is trading lower, suggesting a subdued start for the NSE and the BSE on Friday, July 5. Meanwhile, Asian markets are trading in positive territory. Hong Kong's Hang Seng Index surged 0.2%, while Japan's Nikkei is trading flat. Stocks to watch on July 5 HDFC Bank: The gross advances of the private lender jumped 52.6% year-on-year (YoY) to ₹24.87 lakh crore in the first quarter of financial year 2024-25, while deposits witnessed 24.4% growth YoY to ₹23.79 lakh crore. "Excluding the impact of the merger of erstwhile HDFC Limited with the Bank on July 1, 2023, the bank's gross advances grew by 14.9% over June 30, 2023. This compares to ₹25,078 billion as of March 31, 2024," the bank informed exchanges on Thursday. Raymond: The company has announced the vertical demerger of its real estate business into its wholly owned subsidiary, Raymond Realty Limited (RRL). After the demerger is completed, Raymond and Raymond Realty will run as separate listed firm...

  A stampede in Hathras claimed the lives of 121 individuals and left numerous others injured on Tuesday. In response to the situation, Congress leader Rahul Gandhi is slated to visit the site and offer support to those affected. Congress General Secretary KC Venugopal expressed his deepest condolences over the incident, calling it "unfortunate." Venugopal announced Gandhi's intention to visit Hathras, where he plans to engage with the impacted individuals. Meanwhile, Uttar Pradesh Chief Minister Yogi Adityanath has taken swift action by initiating a judicial probe helmed by retired High Court judge Brijesh Kumar Srivastava, alongside two retired IAS officers, Hemant Rao and Bhavesh Kumar Singh. An FIR has been filed against the event organisers, though the key figure involved, Narayan Sakar Vishwa Hari, known as 'Bhole Baba,' has not been implicated in the investigation. The deadly stampede unfolded during a satsang overseen by the self-proclaimed religious leade...

 The Hathras stampede tragedy has a number - 121; 121 lives lost, many families devastated. The political blame game and the rumble of government machinery often drowns out the wails of bereaved families. For those who lost their relatives in the stampede at a 'satsang' of Narayan Sakar Hari aka 'Bhole Baba', even mourning is on pause. They go from one mortuary to the other to identify bodies. When they find their own, there is loss. When they don't, they head to the next one. The injured are scattered across multiple hospitals, making it a daunting task for their relatives to find them. Many Still Missing Urmila Devi came to the 'satsang' with her 16-year-old granddaughter, and they separated when the chaos broke out. Since Wednesday night, the elderly woman has been to three district hospitals in Hathras and Etah to look for her, but without any success. "I looked in the pandal, screamed out her name. When I did not find her, I started visiting the ho...