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TVK chief Vijay to be sworn in as Tamil Nadu’s new Chief Minister on May 7

Chennai (Tamil Nadu) [India], May 5 (ANI) Tamil Nadu is set for a major political shift, with Chandrasekaran Joseph Vijay, the leader of Tamilaga Vettri Kazhagam (TVK), scheduled to take the oath of office as the state’s new Chief Minister on May 7, sources said. The swearing-in ceremony is expected to take place at the Jawaharlal Nehru Indoor Stadium in Chennai, they said. Vijay’s political debut has been nothing short of spectacular, as TVK emerged as the single largest party in the Tamil Nadu Assembly elections, winning 108 seats out of the 234-member legislature. The party’s performance is a significant

Won’t resign, poll results not people’s mandate but conspiracy: Mamata

Kolkata, May 5 (PTI) Outgoing West Bengal Chief Minister and TMC supremo Mamata Banerjee on Tuesday ruled out stepping down after her party’s defeat in the assembly polls, claiming that the verdict was not a genuine public mandate but the result of a conspiracy. Banerjee also alleged that the TMC’s contest in the polls was not against the BJP, but against the Election Commission, which worked “for the BJP”. “The question of my resignation does not arise, as we were defeated not by a public mandate but by a conspiracy… I did not lose, I will not go to Lok

Rupee hits record low of 95.43 against US dollar as economic worries mount on renewed US-Iran tensions

MUMBAI, May 5 (Reuters) – The Indian rupee slid to a record low on Tuesday as a fragile truce in the Middle East came ‌under strain after the U.S. and Iran launched new attacks to wrestle for control of the Strait of Hormuz, a key artery for global energy supplies. The currency weakened to 95.4325 per dollar, down as much as 0.4% on the day and eclipsing its previous all-time low of 95.33 ​hit last Thursday. It pared losses to end the session at 95.28. State-run banks were spotted offering dollars near the ​rupee’s record low, which traders said were

Stock markets decline as renewed geopolitical concerns weigh on investor sentiment

Mumbai, May 5 (PTI) Benchmark indices Sensex and Nifty buckled under selling pressure on Tuesday as fresh tensions flared in the Strait of Hormuz region and the ceasefire between the US and Iran came under strain. The rupee hitting a record low against the US dollar amid elevated crude prices also made investors cautious. In a volatile session, the 30-share BSE Sensex dropped 251.61 points, or 0.33 per cent, to settle at 77,017.79. During the day, it tanked 754.37 points, or 0.97 per cent, to 76,515.03. The 50-share NSE Nifty edged lower by 86.50 points, or 0.36 per cent, to

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