On Friday, Narendra Modi was formally elected as the leader of the National Democratic Alliance (NDA) at a meeting in Samvidhan Sadan, following the Lok Sabha election results. With BJP's 240 seats and a total of 293 for the NDA coalition, the alliance fell short of a solo majority, relying on allies TDP and JD(U). Modi emphasized mutual trust within the alliance and reiterated their commitment to inclusive governance. Next, the NDA will meet President Droupadi Murmu to stake a claim for government formation. Modi is set to take his oath as Prime Minister for a third term on Sunday, June 9.

The S&P BSE Sensex surged by over 1,600 points on Friday, reaching a historic peak of 76,795.31, while the NSE Nifty50 climbed 2.07% to 23,294.2. This rally followed the Reserve Bank of India’s upward revision of the GDP growth forecast for FY25 to 7.2%, from a previous estimate of 7%. The RBI's decision to maintain interest rates at 6.5% for the eighth consecutive time also fueled investor confidence. The stock market's strong performance reversed the decline observed earlier in the week due to election uncertainties, demonstrating robust recovery and optimism about economic growth.

During a meeting in New Delhi, senior BJP leader Narendra Modi criticized the Congress for portraying the recent Lok Sabha election results as a moral victory and dismissed allegations of Electronic Voting Machine (EVM) tampering. Modi emphasized the NDA’s strong performance, surpassing Congress's seat count over the last three elections, and commended allies like Chandrababu Naidu and Nitish Kumar for their support. He argued that the opposition's focus on power and questioning of electoral integrity highlighted their disarray. Modi affirmed that the NDA's governance and democratic values have resonated with voters, leading to their decisive win.

Narendra Modi is gearing up for his third term as India's Prime Minister, scheduled to take oath on June 9, as announced by BJP's Prahlad Joshi. Notable invitees to the ceremony include workers from various sectors and beneficiaries of government initiatives. BJP chief JP Nadda hailed Modi's relentless service to the nation, while Rajnath Singh attributed the NDA's victory to Modi's leadership. Amit Shah, Nitin Gadkari, and Nitish Kumar were among those endorsing Modi's leadership. The NDA's triumph marks a historic third consecutive term in power, solidifying their commitment to governance.

SpaceX's Starship megarocket successfully completed an uncrewed test flight, reaching orbit and returning to Earth. The 400-foot rocket, the most powerful ever developed, demonstrated full reusability and survived re-entry into Earth's atmosphere. This marks a crucial step towards NASA's Artemis III mission to the moon in 2026. The test flight achieved several milestones, including a controlled splashdown and successful recovery of both the Starship spacecraft and Super Heavy first-stage rocket. While the extent of the vehicle's survival is unclear, the test paves the way for future missions to the moon and Mars.

Rahul Gandhi, who clinched victories in both Wayanad and Raebareli during the 2024 Lok Sabha elections, faces a dilemma. Despite initial speculation, he's leaning towards retaining Wayanad due to staunch voter backing and personal affinity. Despite his limited Malayalam proficiency, Wayanad's electorate has warmly embraced him, offering respite from political pressures with its natural charm and amenities. This unwavering support has instilled Gandhi with confidence, fostering a deep emotional bond and sense of gratitude, overshadowing considerations of national politics and party dynamics.

Narendra Modi set to begin his third consecutive term as Prime Minister. He also congratulated newly elected MPs and emphasized the NDA's focus on governance. He asserted that the opposition's claims against EVMs were disproven on June 4, showcasing the strength of India's democracy. Modi viewed the 2024 Lok Sabha results as a significant victory for the NDA, despite opposition attempts to undermine it. He promised that the NDA government will prioritize good governance, development, and minimal interference in citizens' lives over the next decade. Modi assured the public of the government's commitment to consensus and advancing the nation.

Jensen Huang, co-founder and CEO of Nvidia, has seen his net worth surge to $106 billion, making him the 13th richest person in the world. His fortune grew by $93 billion in just 18 months as Nvidia shares skyrocketed over 700% to over $1,200. The company's success is attributed to its role in the AI revolution, with major companies like Microsoft, Tesla, and Meta relying on Nvidia's graphics processors for their AI-powered projects. Huang's 3.5% stake in Nvidia is now worth over $14 billion, putting him close to breaking into the top 10 richest individuals globally.

A UK-based NRI, Parvinder Kaur Bhatia, was allegedly duped of shares worth Rs 3.50 crore by Parveen Kumar Bhardwaj, an officer at M/s Competent Finman Pvt Ltd. Bhardwaj had obtained Bhatia's signature on various papers and transferred the shares in his mother's name and others. A cheating case was registered in July 2022, and Bhardwaj was arrested on Wednesday. The police investigation revealed unauthorized share transactions made for personal benefit. The case highlights the vulnerability of NRIs to fraud in India. Further investigation is underway.

At a gathering of the BJP-led National Democratic Alliance's newly-elected MPs, Bihar Chief Minister Nitish Kumar formally threw his weight behind Narendra Modi for a historic third term as Prime Minister. Emphasizing his commitment to stand by Modi's side, Kumar addressed critics who anticipated yet another political about-face, affirming his loyalty. In a thinly-veiled swipe at his former allies, he criticized the opposition bloc's lack of tangible contributions to the nation. Kumar's endorsement also quashed rumors suggesting the opposition had courted him, solidifying his alignment with the ruling coalition.