Should he win a third term and finish it out, he’ll near the record of the longest-serving prime minister, Jawaharlal Nehru. The main opposition Congress party led in 83 constituencies and had won 15. “Today’s victory is the victory of the world’s largest democracy,” he said, speaking at his party headquarters. The National Democratic Alliance, led by Narendra Modi’s BJP, has claimed 240 seats.

Pairing Notify with the OneVue Software allows for post-incident reporting capabilities that document when a critical notification is triggered, time and date, and for how long before an “all clear” message was triggered. OneVue Software also alerts if there is a low or lost signal to an InfoBoard to ensure each InfoBoard is in working order at all times. The PoP structure came under scrutiny in January 2015, when the Swiss National Bank (SNB) removed its three-year-old peg of 1.20 Swiss francs per euro. As a result, the euro and Swiss Franc currency pair (EUR/CHF) dropped from 1.20 to an intraday low of 0.85, a roughly 41% drop. Many of these clients were leveraged in their positions; considering the pair dropped 41% after the announcement, this resulted in major losses for many clients.

Using an industry-standard FIX (Financial Information eXchange) API, a PoP will be able to offer an aggregated data feed to popular trading platforms such as Meta Trader 4. PoP leverages their access to tier 1 banks to set up access for the retail broker, which can connect their smaller retail client orders with the larger orders of the tier 1 bank. However, most PoPs will not deal directly with individuals—the retail brokers do that. The retail broker handles individual clients and tries to attract more business. Prime of Prime, or PoP, is a firm that provides a retail broker (often forex brokers) with access to the trading liquidity pool of the bigger banks.

• He is the great-grandson of the country’s first prime minister, Jawaharlal Nehru.
• Prime Minister Narendra Modi’s ruling Hindu nationalist party appears to be falling short of a majority in the early vote count.
• A coalition would, however, diminish Modi’s power as a strongman leader who won his party landslide victories in 2014 and 2019 elections.
• Final figures are not expected until Wednesday local time, with counting going late into the night.
• Using an industry-standard FIX (Financial Information eXchange) API, a PoP will be able to offer an aggregated data feed to popular trading platforms such as Meta Trader 4.

To satisfy the rules, banks have tightened the leverage offered to retail Forex companies. A PoP broker will have everything available readily for a company to set up its retail FX brokerage business in a short span of time. Additionally, it would also have the technical expertise to offer a non-latent interbank liquidity to a retail Forex broker.

Even small and medium size funds are scrutinized thoroughly by banks, which are usually the prime brokers. If a firm is found to be undercapitalized, banks do not hesitate to break the relationship under the Basel III norm. Banks are now required to maintain a CET1 (Common Equity Tier 1 ratio) of 4.5%.

Congress party President Mallikarjun Kharge just addressed a press conference in New Delhi, saying that because no party had a clear majority, the mandate was against Modi. Hindu nationalism, once a fringe ideology in India, is now mainstream. Nobody has done more to advance this cause than Prime Minister Narendra Modi, one of India’s most beloved and polarizing political leaders. Across India, supporters of various political parties have been celebrating results as they trickle in with colored powder, fireworks, drums and more.

Typically, the more PoP accounts or links to the big banks a retail broker can get, the better. Liquidity from five big banks is much better than liquidity from only one. The more tier 1 banks providing the retail broker with quotes and volume, the lower the retail broker’s spreads will be, all else being equal. This is why forex brokers advertise how much liquidity they have access to and which big banks are providing it. One of the reasons that tier 1 banks and prime brokers don’t provide the services that PoPs do is that there is a smaller profit margin in the smaller trades which typically come from a retail client and their broker. Additionally, their systems often don’t support a cost-effective way to complete smaller trades.

But party leaders said they were not celebrating victory because of a recent fire at an amusement park in the state that killed 27 people. When a newer brokerage company appears on the “trading map,” clients expect to find the best conditions there. Bid and ask orders placed by traders should be executed within milliseconds; otherwise, your clients face price slippage and gaps that ruin trading strategies.

If Modi does have to rely on coalition support to govern, it would be a stunning blow for the 73-year-old, who had hoped for a landslide victory. Prime Minister Narendra Modi promises “new chapter of big decisions” after declaring victory for his coalition. Prime Minister Narendra Modi says India will will see a “new chapter of big decisions” in his third term in office.

They say Modi’s party also ratcheted up polarizing speeches to distract voters from larger issues, like unemployment and economic distress, that the opposition has focused on. Despite a stronger-than-expected showing from Congress’ INDIA alliance thus far, Modi is still expected to secure a third term as prime minister. Rahul Gandhi, the face of the Congress party’s campaign and would-be prime minister, said the preliminary results showed India does not want Narendra Modi. The coalition’s first chair was former BJP Prime Minister Atal Bihari Vajpayee.

The Northern Angami constituency of Chedema village is Nagaland’s first to be solely managed by women polling officers. It was the idea of Kumar Ramnikant, the administrative head of Kohima district, in hopes of breaking job stereotypes. Modi and his party have heavily campaigned on this temple dedicated to Lord Ram, built on the historic Prime Of Prime Pop ruins of a mosque that was destroyed by Hindu mobs in 1992. The Congress party filed a complaint with the Election Commission of India, alleging Modi broke rules that bar candidates from engaging in any activity that aggravates religious tensions. The Election Commission does not release data on the percentage of votes tallied.

A coalition would, however, diminish Modi’s power as a strongman leader who won his party landslide victories in 2014 and 2019 elections. Prime Minister Narendra Modi’s ruling Hindu nationalist party appears to be falling short of a majority in the early vote count. If these trends hold, it would be a stunning setback to the populist who has never relied on coalition partners to govern.

Preliminary results indicate Modi’s BJP will need to rely on its coalition partners to achieve that. Modi said that his National Democratic Alliance will form the government for the third consecutive time. Droupadi Murmu, the current president, was elected in 2022 by lawmakers — an electoral college that consists of lawmakers in both houses of Parliament and elected members of the legislative assemblies of all states. She hails from the same political party as Prime Minister Narendra Modi.

Prime Minister Narendra Modi’s Hindu nationalist party is facing a major upset in India’s most populous state at the hands of a powerful regional group, Samajwadi Party or Socialist Group. More than 12 hours after vote counting started, India’s Election Commission reports that the ruling Bharatiya Janata Party has won 140 seats while the Congress party has won 55. India’s Prime Minister Narendra Modi swept to power a decade ago on promises to transform India’s economy, and as he seeks a third term as prime minister, it would be hard to argue he hasn’t made strides.