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Four months in, foreign outflows from Indian shares top last year’s peak

April 29 (Reuters) – Foreign investors have pulled more than $20 billion out of Indian equities in the first four months of 2026, surpassing last year’s record ​annual exit, as an Iran war-driven spike in oil prices soured sentiment ‌on Asia’s third-largest economy and one of the biggest importers of crude oil. The bulk of the selling – $19 billion – has come since the Iran war started, data from the National Securities Depository showed. ​Last year, the outflows stood at $18.9 billion. India, which imports 90% of its ​energy needs and relies heavily on supplies from the Middle East,

TMC Rajya Sabha MP Derek dares PM Modi to resign if BJP loses Bengal polls

Kolkata, Apr 29 (PTI) TMC Rajya Sabha MP Derek O’Brien on Wednesday challenged Prime Minister Narendra Modi to resign if the BJP loses the West Bengal Assembly elections to the Mamata Banerjee-led party. In a video message, O’Brien claimed that Modi had projected himself as the BJP’s face across all 294 Assembly seats in the state and dared him to accept the challenge. “You yourself announced that you are the candidate in all 294 seats in Bengal. Stop making tall claims and accept this challenge. On May 4, when Mamata Banerjee and the TMC win Bengal, have the courage to

Dollar firms as investors brace for Fed decision in face of war

SINGAPORE, April 29 (Reuters) – The dollar edged higher on Wednesday as investors awaited a closely watched ​Federal Reserve rate decision in what was likely to be Chair Jerome Powell’s swan song against a backdrop of war in the ‌Middle East that shows little sign of an imminent resolution. Currencies held tight ranges in thinned Asia trade, with markets in Japan closed for a holiday and a slew of major central bank decisions still to come this week. Against the dollar, the euro dipped 0.07% to $1.1705 while sterling slipped 0.05% to $1.3513, as both currencies edged further away from

Under US law, Trump faces impending deadline to end Iran war. What happens if he ignores it?

Canberra, Apr 29 (The Conversation) US President Donald Trump is quickly approaching a deadline to wrap up his war against Iran – or he’ll be in breach of US law. Under the 1973 War Powers Resolution, a US president can only launch a war without congressional approval for 60 days. After that, Congress either has to declare or authorise the war – or the president must end the operations. Even though there is currently a ceasefire between the US and Iran, the resolution would still apply to the naval troops and ships responsible for maintaining the US blockade of Iranian

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