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Rupee rises 4 paise to close at 88.72 against US dollar

Mumbai, Sep 26 (PTI) The rupee rebounded from its all-time low to close 4 paise higher at 88.72 (provisional) against the US dollar on Friday, tracking a weak greenback against major currencies overseas and a drop in global crude oil prices. Unabated foreign capital outflows and risk-off sentiment in the domestic equity market prevented a sharp rise in the local unit, while hopes of a breakthrough in the India-US trade talks supported the domestic currency, according to forex traders. At the interbank foreign exchange, the rupee opened at 88.72 and traded in a narrow range of 88.67-88.73 before settling at

Sensex, Nifty tank nearly 1 pc on selling in pharma, IT shares after new Trump tariffs on branded drugs

Mumbai, Sep 26 (PTI) Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Friday, marking their sixth consecutive day of decline, following heavy selling in pharma and IT shares as US President Donald Trump announced 100 per cent duties on branded drugs from next month. The 30-share BSE Sensex tanked 733.22 points or 0.90 per cent to settle at a three-week low of 80,426.46. During the day, it dropped 827.27 points or 1 per cent to 80,332.41. The 50-share NSE Nifty tumbled 236.15 points or 0.95 per cent to an over three-week low of 24,654.70. The index

Supreme Court dismisses plea seeking ban on Salman Rushdie’s book

New Delhi, Sep 26 (PTI) The Supreme Court on Friday refused to entertain a plea seeking a direction to ban Salman Rushdie’s controversial novel “The Satanic Verses”. The plea came up for hearing before a bench of Justices Vikram Nath and Sandeep Mehta. The counsel appearing for the petitioners referred to the Delhi High Court’s November last year order. The high court had closed the proceedings on a petition challenging the Rajiv Gandhi government’s decision to ban the import of “The Satanic Verses” in 1988, saying since authorities have failed to produce the relevant notification, it has to be presumed

Geography, politics stand in way of independent Palestinian state

London, Sep 26 (The Conversation) There has been a recent rush of countries to formally recognise the state of Palestine. Affirming Palestinian sovereignty marks a historic diplomatic milestone, yet the exact layout of its territory, a central requirement under international law, remains fiercely contested from every hilltop in the West Bank to the ruins of Gaza. To grasp what this moment means, we need to trace how borders have evolved – or dissolved – over Palestine’s tumultuous political history. The 1947 UN partition plan had envisioned two semi-contiguous territories for Jewish and Arab states, with Jerusalem as an international city.

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