Business

Pakistan’s stock market saw a sharp sell-off on Monday, with the benchmark KSE-100 index plunging nearly 6,000 points as the collapse of US-Iran ceasefire talks and rising tensions in the Strait of Hormuz hit investor sentiment.KSE-100 index dropped 3.5 per cent to hit an intraday low of 1,61,638, reversing last week’s sharp rally when it…

Iran said that it has “good contact” with India over the passage of ships from the Strait of Hormuz and wants to help New Delhi with navigation. It also denied charging toll for Indian tankers while transiting through the Strait of Hormuz.Iranian ambassador to India, Mohammad Fathali, in a press briefing, said that Iran and…

Iran’s currency has plunged sharply in the free market, with rates hovering around 15,69,410–15,80,000 Rial per US dollar, underlining deepening stress in an economy battered by war, sanctions and internal disruption, according to Bonbast data.Average rates stood at 156,9410 (sell) and 15,68,410 (buy), with extremes ranging between 14, 64,500 and 17,20,500 Rial, signalling heightened volatility…

Domestic stock exchanges NSE and BSE will remain closed for trading on Tuesday, April 14, on account of Dr Baba Saheb Ambedkar Jayanti, with activity across commodity markets also partially impacted.Equity markets, NSE and BSE, will remain closed for the entire day, halting trading in stocks, derivatives and equities-linked segments.Commodity markets will see a split…

Any restrictions to the flow of crude oil in the world markets will raise prices, in turn causing import bills of dependent economies like India to balloon. (AI image) Will the Donald Trump administration’s move to blockade the Strait of Hormuz impact India and China? The US has begun the blockade of the all important…

From a planning perspective, the corridor has been structured into four phases The initial 31.6 km stretch from Akshardham to Khekra, close to the Eastern Peripheral Expressway, is primarily a brownfield segment, where the existing route has been transformed into a six-lane elevated road along with a parallel service lane. The second phase, covering 120…

Bengaluru: IPO-bound Flipkart Group on Monday announced a leadership change at Myntra, naming Sharon Pais as the head of the fashion e-tailer with immediate effect, while current chief executive Nandita Sinha moves on from the company.Sinha will continue to support the business over the coming months to ensure continuity, the company said.Pais will report to…

Bengaluru: The centre has notified the Startup India Fund of Funds 2.0 with a Rs 10,000 crore corpus to channel venture capital into startups, with a focus on deeptech and manufacturing.The scheme retains the earlier fund-of-funds structure, with government capital flowing into SEBI-registered Alternative Investment Funds (AIFs), which will invest in startups.What is new is…

Wall Street opened the week on a cautious note, with key indices slipping on Monday as the collapse of US-Iran peace talks over the weekend rekindled geopolitical concerns and clouded the outlook for equities.Dow Jones Industrial Average fell 356.14 points, or 0.72%, to 47,572.11, while the S&P 500 dropped 22.25 points, or 0.33%, to 6,794.64…

Benchmark indices Sensex and Nifty ended nearly 1 per cent lower on Monday as the collapse of US-Iran negotiations triggered a surge in crude oil prices and dampened investor sentiment.The 30-share BSE Sensex tumbled 702.68 points or 0.91 per cent to settle at 76,847.57. During the day, it dived 1,681.93 points or 2.16 per cent…