Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) is on course to win a landslide majority in India's richest state of Maharashtra, trends show. The BJP and its allies are leading on close to 220 out of 288 seats, comfortably placed above the halfway mark needed to form a government.

The ruling Bharatiya Janata Party (BJP) and its allies are set to retain power in India’s richest state, in a major boost to prime minister Narendra Modi and his Hindu nationalist party. The Mahayuti alliance,

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.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.