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‘They better stop now’: Trump warns Iran over Strait of Hormuz tanker fees
President Donald Trump issued stern warnings to Iran regarding the Strait of Hormuz, accusing Tehran of hindering oil shipments. He also criticized The Wall Street Journal’s reporting on his Iran policy, asserting his actions have prevented Iran from obtaining nuclear weapons and will soon restore oil flow. These statements follow a recent ceasefire agreement between
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‘Will get your mother killed’: ICICI Bank officer’s wife, driver lover held in murder plot
Alwar police have arrested Archana Arora, wife of an ICICI Bank regional head, and her alleged lover, Rishabh Sharma, for conspiring to kill her husband. The complaint details an illicit relationship, alleged theft of valuables, and an attempted murder. Archana later retracted a rape accusation against Rishabh, then allegedly threatened her husband for more money.
Business
India well placed to tackle global energy shocks: World Bank
India is well-positioned to navigate global energy shocks due to strong forex reserves, fiscal space, and a robust banking system, according to the World Bank. The institution projects an average growth of 7.1% for FY28-FY29, also highlighting the potential of recent trade agreements with the EU and UK to boost exports and household incomes.
Business
Sensex slips 931 pts, rupee weakens
Sensex dropped 931 points to 76,632 as foreign funds led a selloff amid fragile US-Iran ceasefire fears and continued Israeli actions in Lebanon. Global markets mirrored the caution, with Nikkei down and US indices flat. Rising crude prices and a weakening rupee further impacted Indian investor sentiment.
Business
Sensex may hit 95k pts by December: Morgan Stanley report
Indian stocks are poised for a significant rally, with Morgan Stanley projecting the Sensex could reach 95,000 by year-end. This optimistic outlook is fueled by expectations of stable economic conditions, renewed private investment, and robust domestic demand. Analysts foresee a strong earnings upcycle, potentially driving the index even higher, with a 20% chance of surpassing
Business
India offers stability, seen as ‘safe anchor’: Shaktikanta Das
Amidst global turbulence, Shaktikanta Das emphasized India’s energy security and self-reliance, highlighting its role as a stable anchor. He advised the corporate sector to build resilience and diversify. Das asserted that India’s prudent policy responses and strategic autonomy have enabled it to emerge stronger from various crises.
Business
TCS optimistic despite 2.4% decline in revenue
TCS remains optimistic about future growth, driven by strong AI momentum and a steady deal pipeline, despite a recent revenue dip. The company achieved a four-year high in operating margins, enabling continued investment in growth areas like its AI data center business, Hypervault. Key markets and industry segments showed sequential growth, with a robust order
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Govt plans design, development of unmanned combat search and rescue aircraft for IAF
The Indian Air Force is set to receive an indigenous unmanned combat search and rescue aircraft. This autonomous system will be capable of carrying 400 kg, including passengers and stretchers, and can deliver supplies to challenging terrains.