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CM Joseph Vijay takes oath in Tamil Nadu Assembly

Chennai, May 11 (PTI) Chief Minister C Joseph Vijay, nine other ministers, former chief ministers including Edappadi K Palaniswami and newly elected MLAs on Monday took the oath of office in the Tamil Nadu Legislative Assembly, officials said. Pro-Tem Speaker M V Karuppaiah administered the oath of office. The Assembly proceedings for oath-taking of MLAs commenced at 9.30 am with a brief introduction by the Pro-Tem Speaker. The Chief Minister was the first to take oath as an MLA and nine ministers including N Anand and Aadhav Arjuna later took the oath as MLAs. Following this, DMK legislature party leader

RBI steps in to support rupee as U.S.-Iran deadlock, Modi remarks spook traders

MUMBAI, May 11 (Reuters) – A jump in crude oil prices after U.S.-Iran peace talks hit a stalemate and Indian Prime Minister Narendra Modi’s urging of ​citizens to conserve foreign exchange spooked currency traders on Monday, sending the ‌rupee past 95 per dollar, which drew likely market intervention by the central bank. Indian assets were under pressure across the board with the rupee down 0.75% at 95.1850 per dollar while the benchmark ​equity index Nifty 50 fell over 1% and the yield on the 10-year ​benchmark note rose 5 basis points to 7.03%. The renewed pressure on Indian ⁠markets came

Iran war disruptions spark higher costs and lost income in Bangladesh

DHAKA, Bangladesh, May 11, 2026 (AP) — Tariqul Islam lost his savings after setbacks in his clothing business about a year and a half ago and turned to ride-sharing on his motorbike to make ends meet. Until recently, he spent hours in fuel lines as supply disruptions linked to the war in Iran ripple into Bangladesh. The 53-year-old father of four fears the strain will worsen if the war drags on, saying long hours waiting for fuel have sharply cut his income and made it increasingly difficult to support his family in Dhaka, the nation’s capital, including a daughter at

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

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