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Sensex falls 188 pts amid elevated crude oil prices; Tata Group stocks decline after N Chandra’s exit

Mumbai, Aug 12 (PTI) Falling for the second day, benchmark BSE Sensex closed lower by nearly 188 points on Wednesday following elevated crude oil prices and selling in TCS and other Tata Group shares after N Chandrasekaran said he will not seek reappointment as Tata Sons Chairman when his current term ends on February 20, 2027. The 30-share BSE Sensex declined 187.90 points, or 0.24 per cent, to settle at 77,966.35 with its 21 constituents ending lower, eight with gains and one unchanged. During the day, it tumbled 656.32 points, or 0.83 per cent, to 77,497.93 but recovered some of

Rupee rises 3 paise to close at 95.33 against US dollar

Mumbai, Aug 12 (PTI) The rupee settled just 3 paise higher at 95.33 (provisional) against the US dollar on Wednesday, as hopes of a quick US-Iran agreement and reopening of the Strait of Hormuz faded. Forex traders said Brent crude is moving towards USD 90 per barrel amid risk aversion in global markets. At the interbank foreign exchange, the rupee opened at 95.40 against the greenback and traded in a range of 95.24-95.43 during the session. It eventually settled at 95.33 (provisional), higher by 3 paise from its previous close. On Tuesday, the rupee declined 6 paise to settle at

‘Compromised PM forced to sell India’s interest’: Rahul as US court dismisses Adani case

New Delhi, Aug 12 (PTI) Congress leader Rahul Gandhi on Wednesday alleged that Prime Minister Narendra Modi was a “compromised PM” who was forced to sell India’s interests, after a US federal judge permanently dismissed criminal charges against Adani Group Chairman Gautam Adani and his nephew Sagar Adani. The Leader of Opposition in the Lok Sabha also claimed that India was paying a “huge price” as a result. Reacting to the US court’s decision, Rahul shared a screenshot of a media report on X about the US Justice Department’s request to dismiss the charges against Gautam Adani and Sagar Adani.

Luxon survives another leadership vote months before New Zealand’s election

WELLINGTON, New Zealand, August 12, 2026 (AP) — New Zealand Prime Minister Christopher Luxon said Wednesday that he survived a leadership vote prompted by a challenge from his defense minister less than three months before an election. The vote took place during a hastily convened meeting of Luxon’s center-right National Party lawmakers at Parliament in Wellington, which was held behind closed doors and ran for more than three hours. Luxon then emerged flanked by his lawmakers to give a brief statement and departed without taking any questions from reporters. “There was a confidence vote in my leadership this morning at

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