BJP DOUBLE ENGINE GOVERNMENT
PSBs improve profitability but fail to bridge valuation gap with private peers
The market continues to reward private lenders for their ability to generate higher returns through better customer service, stronger pricing power and a more consistent track record of value creation.
Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.
Ground has shifted under Modi govt's feet, regime not here to stay: Sonia Gandhi
Sonia Gandhi reflects on her life and conveys her belief in the youth's desire for justice and fairness. She critiques the Modi government's insecurities and asserts that it is not here to stay. The memoir discusses the resilience of democracy in India amidst rising authoritarianism. Gandhi notes the importance of the opposition’s INDIA alliance in challenging the BJP’s dominance.
Centre's EV push puts electric mobility stocks in the fast lane; M&M, Ola Electric lead rally with gains of up to 5%
Electric mobility stocks rallied on Wednesday after the Centre made EVs the default choice for government staff-car procurement and doubled the price ceiling for electric cars to Rs 20 lakh. M&M led the gains, followed by Ola Electric, Hyundai Motor India and TVS Motor Company.
"Tipu fought four Anglo-Mysore wars; RSS didn't particapate in freedom struggle:" Priyank Kharge on Tehrik-e-Khudadaad memorandum
Karnataka Minister Priyank Kharge addressed a memorandum submitted for reinstating Tipu Sultan Jayanti celebrations. He criticized the BJP for not acknowledging their history regarding Tipu Sultan's contributions. Kharge emphasized the participation of Tipu Sultan in the freedom struggle compared to the RSS. The memorandum also calls for a review of educational materials on Tipu Sultan and Hyder Ali.
Sarvam names Google Cloud India head Sashikumar Sreedharan as president & chief business officer
Sashikumar will additionally join Sarvam's board of directors. He will lead the company's business across enterprises and government, while expanding its engagement with digital-native companies, developers and partners.

Gokul Dairy row: Thousands take to streets in Kolhapur against Maharashtra government's decision to appoint directors
Thousands of people participated in a march in Kolhapur to protest against changes to Gokul Milk Cooperative voting rules. The Congress accused the BJP-led Maharashtra government of trying to take control following recent elections. Following a dispute over voting rights, the BJP's strength in the cooperative increased from 12 to 16 seats. Chief Minister Devendra Fadnavis defended the decision, claiming it was necessary to address quorum issues.

Former Rajasthan CM Ashok Gehlot accuses BJP of electoral manipulation ahead of 2029 elections
Ashok Gehlot accused the BJP of manipulating delimitation and electoral roll revisions to undermine opposition strength. He raised concerns over the merging and dividing of wards aimed at increasing BJP representation. Gehlot suggested that if the BJP remains in power, it could lead to meaningless elections in India. He criticised the BJP for conducting rallies against protests organised by opposition parties.

Delhi's post-Diwali smog puts Rekha Gupta & Co's clean-air promise to test
Delhi's air quality has recently deteriorated, reaching a severe level of 370 on November 9. Chief Minister Rekha Gupta's government is facing scrutiny over its clean-air promises amidst worsening conditions. Despite various pollution-control measures, including a winter action plan, the situation remains dire as the season intensifies. Punjab has also reported a significant number of stubble-burning incidents contributing to regional pollution.

DA hike: Diwali bonanza for UP govt employees, 63% raise announced; revised rates effective from July 1
The revised allowance will be reflected in the November salary, while the arrears for the preceding four months will be deposited separately into their provident fund accounts. The announcement comes ahead of Diwali, with the revised allowance set to benefit a large section of the state's workforce.

Akhilesh Yadav targets BJP after part of Bismillah Khan's house demolished, Varanasi officials deny role
Samajwadi Party leader Akhilesh Yadav criticised the BJP government for the demolition of Bismillah Khan's home. He expressed concerns about the loss of cultural legacy and the integrity of Bharat Ratna awardees. Municipal officials clarified that the family chose to demolish the structure independently after declining a museum proposal. The Varanasi Municipal Corporation had earlier issued a notice concerning the building's dilapidated condition.

ET Graphics: EVs hit double-digit sales share in 2026, but three-wheelers remain the biggest growth engine
Electric vehicles accounted for 11.2% of India's vehicle sales in October, their lowest share since May, but the broader adoption trend remains strong. EVs made up 10.7% of sales so far in 2026, against 8% in 2025. Three-wheelers continue to lead adoption, while businesses are switching faster.

"AAP finished in Punjab, Kejriwal and Mann brought about its collapse": Kunwar Vijay Pratap after joining BJP
Kunwar Vijay Pratap, along with two other AAP rebels, joined the BJP after resigning from the Assembly. He criticized the Aam Aadmi Party for its collapse in Punjab, stating it no longer exists. The resignations come ahead of the 2027 Punjab Assembly elections, with AAP recently announcing its first list of candidates. Singh emphasized his concerns about crime and drug issues in the state.

Nitin Nabin set to lead BJP's 'Loktantra Bachao, Arajakta Hatao' marches in Bihar and West Bengal
BJP national president Nitin Nabin will lead major marches in Bihar and West Bengal on Monday. This is part of the party's ongoing 'Loktantra Bachao, Arajakta Hatao' campaign against the opposition's claims. Nabin's marches aim to counter alleged misinformation and anarchy disseminated by the opposition bloc. The BJP believes that every party worker will help clarify the opposition's false narratives.

CEC Gyanesh Kumar will have to quit and go to jail: Rahul Gandhi
Rahul Gandhi accused Narendra Modi of coming to power through unlawful means during a recent rally in Delhi. The opposition leaders, including Akhilesh Yadav and Mamata Banerjee, called for unity against the ruling government. They stressed the need for legal action against electoral malpractice while advocating for the rights of farmers and students. The leaders alleged that the 2024 elections would be illegal due to voter deletions.

‘Double-engine govt, double defeat’: Akhilesh Yadav questions timing of UP CM's 1.27 crore votes claim
Akhilesh Yadav criticized the BJP for alleged electoral injustice regarding missing votes in Uttar Pradesh. He highlighted the Chief Minister's recent admission about reduced votes after the MLC election loss. Yadav questioned the validity of the BJP's claims concerning the missing Hindu voters from records. He invited those affected by the voter list issues to join the protest at Ramlila Maidan.

Doubles deserves better than the ATP’s proposed cull
Bob and Mike Bryan, legendary tennis doubles players, are strongly opposing ATP's proposed changes to the doubles circuit. The changes, which will be voted on next month, intend to reduce tournament draws and prize money for doubles competitions. Many players and tennis legends argue that these changes threaten the viability of professional doubles. They claim that interest in doubles has declined due to poor promotion rather than the format itself.

MLC results shape of things to come in 2027: Akhilesh Yadav
Akhilesh Yadav highlighted the Samajwadi Party's recent successes in the Uttar Pradesh Legislative Council elections. He believes these results reflect the BJP's diminishing political strength in the state. Yadav pointed out that BJP lost significant ground in Varanasi, emphasizing that the party is vulnerable as elections approach. He also accused Yogi Adityanath of sacrificing Varanasi for Gorakhpur's gain.

Adityanath saved Gorakhpur seat at cost of Varanasi in UP MLC polls: Akhilesh Yadav
Akhilesh Yadav criticized Yogi Adityanath for securing a win in Gorakhpur at the expense of Varanasi. He alleged that the BJP's victories resulted from manipulation, leading to losses in several regions. Yadav congratulated SP candidates for their successful campaigns, highlighting their commitment to democracy and social justice. He invoked historical figures to emphasize the importance of people's voice in governance.
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