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Stock markets slump in early trade amid rising crude oil prices

Mumbai, May 11 (PTI) Stock markets tumbled in early trade on Monday amid rising crude oil prices after the US and Iran failed to reach a peace deal to end the West Asia war. US President Donald Trump has dismissed Iran’s response to the latest US peace proposal as ‘totally unacceptable’, dampening hopes of an immediate diplomatic breakthrough, an expert said. The 30-share BSE Sensex tanked 845.68 points to 76,482.51 in early trade. The 50-share NSE Nifty dropped 237.90 points to 23,936.85. From the 30-Sensex firms, Titan, InterGlobe Aviation, State Bank of India, Eternal, Bharti Airtel and Mahindra & Mahindra

Rupee crashes 139 paise to 94.90 against US dollar in early trade

Mumbai, May 11 (PTI) The rupee crashed 139 paise to 94.90 against the greenback in early trade on Monday after President Donald Trump rejected Iran’s response to the US’s peace proposal, following which crude oil prices surged rapidly. A strengthening US dollar and steep FPI outflows further pressured the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 94.97 against the US dollar before inching up to 94.90, down a staggering 139 paise from its previous close. On Friday, the rupee pared its losses and ended with a sharp gain of 71 paise at

Iran responds to US ceasefire proposal but Trump rejects it as ‘unacceptable’

DUBAI, United Arab Emirates, May 11, 2026 (AP) — Iran sent its response to the latest U.S. proposal to end the Iran war via Pakistani mediators on Sunday, but U.S. President Donald Trump quickly rejected it in a social media post as “TOTALLY UNACCEPTABLE!” — the latest setback to efforts to resolve the standoff in the Persian Gulf that has throttled shipping and sent energy prices soaring. Iranian state television reported that Tehran rejected the U.S. proposal as amounting to surrender, insisting instead on “war reparations by the U.S., full Iranian sovereignty over the Strait of Hormuz, an end to

Vijay officially takes charge as Tamil Nadu Chief Minister after swearing-in ceremony in Chennai

Chennai (Tamil Nadu) [India], May 10 (ANI): Tamil Nadu Chief Minister and Tamilaga Vettri Kazhagam (TVK) chief Vijay officially assumed charge at the Tamil Nadu Secretariat in Chennai on Sunday, shortly after taking oath as the 13th Chief Minister of the state following TVK’s historic electoral victory. Upon his arrival at the Civil Secretariat, Vijay was welcomed with a grand reception by senior officers and government employees. The newly sworn-in Chief Minister also received a ceremonial Guard of Honour at the Secretariat before entering the premises to formally begin his tenure. Visuals from Chennai showed Vijay acknowledging the honour and

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