Global markets were rattled after US President Donald Trump’s announcement of naval blockade in the Strait of Hormuz. The immediate fallout was visible in Asian trading, where stocks in Japan and South Korea opened lower as investors reacted to the escalation. At the same time, crude oil prices surged sharply, with Brent and WTI jumping…
File photos As nearly 17.4 crore voters prepare to cast their ballots across Assam, Kerala, Tamil Nadu, West Bengal, and Puducherry in the coming weeks, the familiar contours of electioneering are visible — Prime Minister Narendra Modi’s high-decibel rallies and Rahul Gandhi‘s ideological messaging in the poll-bound states.Yet, the election discussion remains far from the…
Bybit CEO Ben Zhou pledged his support for Mantle’s 30,000 ETH loan proposal. The “DeFi United” industry recovery effort spearheaded by Kelp and Aave Labs has filled 73,700 ETH of the 163,200 ETH hole from the April 18 exploit, and confirmed public commitments from ecosystem partners now total 43,500 ETH. That leaves a remaining shortfall…
China’s President Xi Jinping met Taiwan’s opposition party leader Cheng Li-wun in Beijing on Friday, Chinese state media said.Kuomintang (KMT) chairwoman Cheng is the party’s first leader to visit China in a decade, and has said she hopes to sow the “seeds of peace” during her trip.Her visit has sparked debate in Taiwan with critics…
German Automaker BMW has revealed the new fully electric i3, positioned as the second model in its Neue Klasse lineup. It’s essentially the sedan counterpart to the iX3 SUV revealed last year and the i3 badge was also previously used on an electric hatchback sold from 2013 to 2022. This new iteration also serves as…
NEW DELHI: Imported food items may reach consumers faster and in better condition after the Food Safety and Standards Authority of India changed its clearance process to reduce delays at ports. In a key change, FSSAI has allowed inspection and testing of imported food consignments to happen simultaneously, instead of waiting for payments at every…
Oil prices slipped slightly on Thursday after strong gains in the previous session, as investors weighed stalled peace talks between Iran and the United States and ongoing restrictions on key shipping routes, including the Strait of Hormuz.Brent crude futures fell 15 cents to $101.76 a barrel, after crossing the $100 mark for the first time…
NEW DELHI: As elections in West Bengal enter the final lap, Congress neta Rahul Gandhi attacked his INDIA bloc partner, CM and Trinamool supremo Mamata Banerjee, alleging that polarisation and corruption have created a way for BJP to enter the state.“If Mamata ji had run a clean govt, and had she not polarised West Bengal,…
NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against Videocon’s former chairman and MD Venugopal Dhoot for defaulting on loans of Rs 6,158 crore, as a personal guarantor of two group companies.Admitting a plea from State Bank of India (SBI), NCLT said Venugopal Dhoot has “committed defaults in repayment…
MUMBAI: Rising oil prices weighed on investor sentiment on Dalal Street for the third consecutive session that pulled sensex down by 1,000 points (1.3%) on Friday to close at 76,664 points. Foreign funds continued to sell aggressively, leading to a 2,609-point fall in the sensex in the last three sessions. The weakness of the rupee…