Obscure trust links India's top businesses with Modi's election war chest [Reuters]
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Source: Reuters
The trust's donations to the BJP total 10 times as much as the $20.6 million it issued to the opposition Congress party, the records show. The previous Congress-led government introduced electoral trusts in 2013 to allow for tax-exempt contribution to parties. It said the mechanism would make campaign financing more transparent by reducing cash contributions, which are harder to trace. But some election experts say the trusts contribute to opacity around the funding of political parties in India, where this year's general election – due to be called within weeks – is expected to return Modi to power for a rare third term, polls predict. While Prudent does not disclose how donations made by individual corporate donors are distributed, Reuters used public records from 2018 to 2023 to track flows from some of India's largest companies. Eight of India's biggest business groups donated at least $50 million in total between 2019 and 2023 to the trust, which then issued cheques for c
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News
- ArcelorMittal S.A.: ArcelorMittal announces the publication of its first quarter 2024 sell-side analyst consensus figuresGlobeNewswire
- ArcelorMittal S.A.: ArcelorMittal publishes its 2023 Integrated Annual ReviewGlobeNewswire
- U.S. Department of Energy announces financial support for ArcelorMittal's anticipated World-Class Electrical Steel facility in Alabama [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal S.A. (NYSE: MT) had its "hold" rating re-affirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $31.00 price target on the stock, down previously from $34.00.MarketBeat
- ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors [Yahoo! Finance]Yahoo! Finance
MT
Earnings
- 2/8/24 - Beat
MT
Sec Filings
- 4/23/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/8/24 - Form F-3ASR
- MT's page on the SEC website