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Markets slump nearly 1 pc on IT rout; Trump tariff worries hit investor sentiment

Mumbai, Feb 24 (PTI) Equity benchmark indices Sensex and Nifty slumped nearly 1 per cent in early trade on Tuesday, dragged down by a sharp selloff in IT stocks amid rising fears of AI-led disruption. Besides, rising crude oil prices and renewed concerns over global trade after US President Donald Trump’s latest tariff remarks also weighed on investors’ sentiment, traders said. The 30-share BSE Sensex tanked 813.13 points, or 0.97 per cent, to 82,481.53 in early deals. The 50-share NSE Nifty declined 230.15 points, or 0.89 per cent to 25,482.85. Eternal dropped the most from the Sensex pack, declining 3.82

Rupee falls 7 paise to 90.96 against the US dollar in early trade

Mumbai, Feb 24 (PTI) The rupee fell by 7 paise to 90.96 against the US dollar in early trade on Tuesday, weighed down by a rise in global crude oil prices and a stronger greenback. A poor start to the domestic equity markets further pressured the local unit, but FII inflows provided support, preventing a sharp fall, forex traders said. At the interbank foreign exchange, the rupee opened at 90.91 against the US dollar and slipped further to 90.96, down 7 paise from its previous close. The rupee gained 5 paise to settle at 90.89 against the US dollar on

Canadian PM Carney to travel to India, Australia and Japan to diversify Canada trade away from US

TORONTO, February 24, 2026 (AP) — Canadian Prime Minister Mark Carney is traveling to India, Australia and Japan this week and next in his latest effort to diversify trade away from the United States, his office announced Monday. Carney will first visit Mumbai on Thursday for talks with Indian Prime Minister Narendra Modi and business leaders. During a stop in Canberra, Carney will address both houses of Australia’s Parliament, making him the first Canadian prime minister to do so in 20 years. He also will meet with Australian Prime Minister Anthony Albanese to discuss defense and AI advancements. Carney will

Former UK ambassador Mandelson released on bail after arrest in Epstein probe

LONDON, February 24, 2026 (AP) — Police in Britain said Peter Mandelson, the former U.K. ambassador to the United States, has been released on bail after he was arrested in a misconduct probe stemming from his ties to the late Jeffrey Epstein. It came days after a friendship with Epstein landed the former Prince Andrew in police custody. A Metropolitan Police spokesperson said in a statement issued just after 2 a.m. Tuesday: “A 72-year-old man arrested on suspicion of misconduct in public office has been released on bail pending further investigation. The man was not named, in keeping with British

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