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Rupee rises 23 paise to 94.95 against US dollar in early trade

Mumbai, May 6 (PTI) The rupee appreciated by 23 paise to 94.95 against the US dollar in early trade on Wednesday as Brent crude prices retreated from their elevated level after US President Donald Trump hinted at a possible deal with Iran. Forex traders said oil prices fell to USD 108 per barrel, as signs of easing geopolitical tensions in the Middle East offset the lingering supply concerns. At the interbank foreign exchange market, the rupee opened at 95, then gained some ground and touched an early high of 94.95, registering a gain of 23 paise from its previous low.

Stock markets rebound in early trade as oil prices decline amid progress in US-Iran negotiations

Mumbai, May 6 (PTI) Stock market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday following a drop in crude oil prices after US President Donald Trump claimed progress in negotiations with Iran toward an agreement to end the war. A positive trend in global markets also aided the rally in domestic stocks. The 30-share BSE Sensex jumped 657.22 points to 77,675.01 in early trade. The 50-share NSE Nifty rallied 218 points to 24,250.85. From the 30-Sensex firms, InterGlobe Aviation, Mahindra & Mahindra, Trent, Bajaj Finance, Bajaj Finserv and Tech Mahindra were among the major winners. Larsen &

China’s top envoy meets with Iran’s in Beijing as Trump pauses US effort in the Strait

DUBAI, United Arab Emirates, May 6, 2026 (AP) — U.S. President Donald Trump said Tuesday evening he was pausing the U.S. effort to guide stranded vessels out of the Strait of Hormuz to allow time for a deal to end the Iran war, but that the American forces’ blockade of Iranian ports would remain in place. Meanwhile, Iran’s Foreign Minister Abbas Araghchi met with his Chinese counterpart, Wang Yi, in Beijing on Wednesday morning, the official Xinhua news agency reported, without providing further details. It was the first time since the start of the war that Araghchi has traveled to

The rapid embrace of AI in China, its biggest testing ground, may shape how AI is used globally

HONG KONG, May 6, 2026 (AP) — On a recent weekday, around 50 people gathered outside the headquarters of a Chinese mobile internet company, waiting to get help with installing an artificial intelligence assistant. The scene in Beijing, China’s capital, was repeated for days at several events and was also seen in the southern technology hub Shenzhen in March, as engineers helped crowds trying to set up the popular AI “agent” OpenClaw on their laptops. “I’m worried about falling behind in technological developments,” said Sun Lei, a 41-year-old human resources manager at the Cheetah event. She said she hoped the

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