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Stock markets drop in early trade on escalating US-Iran tensions, rising oil prices

Mumbai, Jun 11 (PTI) Stock market benchmark indices Sensex and Nifty declined in early deals on Thursday, tracking weak trends in global equities and rising crude oil prices amid escalating tensions between the US and Iran. Unabated foreign fund outflows and a spike in US inflation also dented markets’ sentiment, according to market analysts. The 30-share BSE Sensex declined 358.54 points to 73,624.64 in early trade. The 50-share NSE Nifty dropped 117 points to 23,098.30. From the 30-Sensex firms, HCL Tech, Infosys, Tech Mahindra, Tata Consultancy Services, Eternal and Trent were among the laggards. Power Grid, ICICI Bank, Bharti Airtel

Rupee slumps 32 paise to 95.57 against US dollar in early trade

Mumbai, Jun 11 (PTI) The rupee plunged by 32 paise to 95.57 against the US dollar in early trade on Thursday following a rise in global crude oil prices as hostilities between the US and Iran continued. Heavy FII outflows, weak domestic equity market and a marginally stronger greenback further weighed on the local unit. At the interbank foreign exchange market, the rupee opened at 95.55 against the US dollar before dropping further to 95.57. The local unit appreciated 16 paise to close at 95.25 against the US dollar on Wednesday, amid likely intervention from the Reserve Bank of India

Canada seeks to ban social media accounts for children under 16, joining growing global effort

TORONTO, June 11, 2026 (AP) — Canada introduced legislation on Wednesday that could bar children younger than 16 from having social media accounts unless the companies show they can make their platforms safe. Canada is joining a growing global effort to tighten safety protections. Canadian government officials said social media platforms can obtain an exemption if they have put in place sufficient safeguards. “We are failing our children. Enough is enough,” Marc Miller, Canada’s culture minister, said. “We need basic protection in place.” The legislation covers seven types of harmful content including content that induces children to harm themselves, content

Air India crash report delayed due to unfinished engine examination, Bloomberg News reports

June 11 (Reuters) – Investigators will miss Friday’s one-year ‌deadline to explain why an Air India jet crashed because an examination of the Boeing 787 plane’s engines in the U.S. still needs to be completed, Bloomberg News reported on Thursday. India’s Aircraft Accident Investigation Bureau (AAIB) will likely issue a status report this week focused on the reasons behind the delay, the report added, citing people familiar with the matter. India is ​expected to cite the need to complete the engine examination as the reason for the delay in issuing a final report, a source ​with knowledge of the matter

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