Suvendu Adhikari to take oath at 11 am tomorrow
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CPI follows Congress, extends support to TVK
Chennai, May 8 (PTI) The CPI on Friday declared unconditional support to actor-politician Vijay-led TVK for government formation. The Left party, following deliberations, decided to extend support and accordingly, gave an “unconditional letter of support support for government formation,” party sources said. The letter was addressed to Tamil Nadu Governor RV Arlekar. The CPI has two MLAs in the 234-member TN Assembly. The Left party’s move comes in the wake of TVK reaching out to DMK allies– CPI, CPI(M) and VCK seeking their support to form government after emerging as the single largest party following the April 23 Assembly polls
Rupee falls 25 paise to close at 94.47 against US dollar
Mumbai, May 8 (PTI) The rupee depreciated 25 paise to close at 94.47 (provisional) against the US dollar on Friday, after rising in the past two sessions, on renewed tensions between the US and Iran over the Strait of Hormuz. Forex traders said investor sentiments were affected after Iran accused the US of violating the ceasefire as the US carried out fresh attacks in the Strait of Hormuz and civilian areas, while President Donald Trump said the ceasefire was still in effect. Brent oil prices, which had fallen to USD 98 per barrel amid the US-Iran peace deal, edged higher
Stock markets fall for 2nd day amid renewed tensions in West Asia; Sensex slumps 516 points
Mumbai, May 8 (PTI) Equity markets stayed on the back foot for the second day on Friday as fresh geopolitical tensions in West Asia revived concerns over energy supplies and weighed heavily on investor sentiment. Foreign fund outflows and a weak trend in global markets further added to the bearish trend. The 30-share BSE Sensex tanked 516.33 points, or 0.66 per cent, to settle at 77,328.19. During the session, it tumbled 698.09 points, or 0.89 per cent, to 77,146.43. The 50-share NSE Nifty dropped 150.50 points, or 0.62 per cent, to end at 24,176.15. From the Sensex pack, State Bank