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Making sense of the West Bengal election verdict, Shashi Tharoor said around 91 lakh names were struck off the lists, with approximately 34 lakh individuals filing appeals claiming they were genuine voters.
Oil prices surged over $3 a barrel as the U.S. and Iran failed to reach a peace agreement, keeping the Strait of Hormuz largely shut and global supplies pressured. President Trump rejected Iran's response to a U.S. proposal, citing its unacceptability.
Value 360 Communications is set for its stock market debut on Monday, with grey market signals indicating a flat listing near its upper issue price of Rs 98. The Rs 41.69 crore IPO, which saw strong institutional interest but subdued retail demand, was subscribed 1.20 times overall.
Gold prices dipped as stalled U.S.-Iran peace talks fueled oil price hikes, raising inflation and interest rate hike fears. The dollar's strength further impacted bullion. Meanwhile, China's gold output declined, and Indian demand softened as buyers awaited lower prices. Speculators, however, increased their long positions.
The dollar strengthened against major currencies early Monday. Strong US jobs data and ongoing geopolitical tensions involving Iran and the US boosted demand for the safe-haven currency. Oil prices saw a jump. China's export growth accelerated in April. US President Donald Trump and Chinese President Xi Jinping are set to discuss key global issues later this week.
Adhir Ranjan Chowdhury, who has been one of the vocal critics of Mamata Banerjee, said the former Bengal chief minister was seeking support from all the parties she once tried to destroy.
Donald Trump and Xi Jinping meet in Beijing this Thursday with Taiwan, trade, rare earths and artificial intelligence all on the table. Here is what every major power from Tokyo to Moscow is watching for, and what a failed summit could mean for the global economy.
Weather today: IMD warned of heatwave in parts of Rajasthan, Gujarat, and Madhya Pradesh, with temperatures hitting 46°C. Meanwhile, Jammu and Kashmir, Punjab and Haryana can brace for heavy rainfall today, amid IMD's orange alert.
LPG cylinder prices in India remained steady on 11 May. Ongoing global supply disruptions are impacting fuel costs, but the government continues to shield consumers from significant price increases amid rising international energy costs.
Asian stocks advanced, led by AI-focused companies, as traders overlooked Middle East tensions. Despite rising oil prices and concerns over inflation, the market remains optimistic about corporate profits driven by AI investments. Investors are largely betting on a de-escalation in the Middle East, though volatility persists.
PM Modi's Work From Home advisory: The prime minister acknowledged the spike in fuel prices due to the Iran-United States war in West Asia and asserted that India must save foreign exchange ‘by any means’.
Hopes for an imminent end to the 10-week-old U.S.-Iran conflict that would allow oil transit through the Strait of Hormuz were dashed after President Donald Trump on Sunday dismissed the Iranian response to a U.S. proposal for peace talks as "unacceptable".
State Bank of India aims to maintain net interest margins above 3% in FY27, driven by easing funding costs from deposit repricing. However, slower CASA deposit growth compared to credit expansion may necessitate reliance on costlier term deposits. The bank plans to boost yields by accelerating growth in retail and MSME loans to offset margin pressures and support fee income.
Reliance Industries is shifting Jio Platforms' IPO from an offer for sale to a fresh issue due to investor disagreements on pricing. This move prioritizes protecting retail investors by allowing market determination of post-listing prices, with proceeds directly benefiting the company for debt repayment and expansion.
Despite hopes for crypto's maturity, the industry's Consensus conference after-party at E11even club in Miami mirrored a controversial 2018 event. Attendees, including men anticipating lap dances, highlighted a persistent 'degenerate culture' that concerns gender equality advocates. This starkly contrasted with the cautious sentiment in the traditional stock market.
Geopolitical tensions in Iran, potentially disrupting oil supplies and raising energy prices, could prompt the Federal Reserve to delay interest-rate cuts and even consider hikes. This development complicates the Fed's efforts to curb inflation, with experts suggesting a more hawkish stance might be necessary globally.
Indian markets closed higher amidst volatility, with global events like the US-Iran agreement keenly watched. Several companies, including Canara Bank and MCX, reported strong Q4 results, with MCX seeing a significant profit surge. Ola Electric's new scooter received approval, while Vodafone Idea is exploring capital infusion.
