Both states will see higher fiscal pressure from increased spending on financial assistance for women, with sharp cuts in capital expenditure to keep deficits under control.

Prime Minister Narendra Modi’s ruling alliance is leading in polls in Maharashtra by a wide margin, signaling policy continuity in a state which houses most of India’s billionaires and is home to some of the country’s biggest investments.

Prime Minister Narendra Modi’s Hindu nationalist party is headed for a victory in state elections in politically significant Maharashtra while the opposition won mineral-rich Jharkhand state

By Bharath Rajeswaran (Reuters) -Indian shares advanced on Monday after logging their best session since early June on Friday, as the ruling alliance's victory in the Maharashtra state election over the weekend boosted sentiment.

Stock benchmarks in India surged on Monday as Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance secured a thumping victory in the nation’s wealthiest state of Maharashtra.