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Stock markets down in early trade dragged by rising crude oil prices

Mumbai, Aug 7 (PTI) Market benchmark indices Sensex and Nifty declined in early trade on Friday, dragged down by financial stocks and rising crude oil prices. The 30-share BSE Sensex declined 235.36 points to 78,699.80 in early trade. The 50-share NSE Nifty dipped 24.30 points to 24,608.25. From the Sensex pack, Bajaj Finance, Bajaj Finserv, Trent, ICICI Bank, Bharti Airtel and Eternal were among the major laggards. Tata Consultancy Services, Tech Mahindra, HCL Tech and Infosys were among the winners. Brent crude, the global oil benchmark, traded 1.16 per cent higher at USD 83.45 per barrel. Foreign Institutional Investors (FIIs)

Rupee falls 6 paise to 95.28 against US dollar in early trade

Mumbai, Aug 7 (PTI) The rupee traded in a narrow range and depreciated 6 paise to 95.28 against the US dollar in early trade on Friday, tracking a firmer dollar and a rise in US treasury yields. Forex traders said dollar demand from importers and profit-taking after the rupee’s recent appreciation appear to have outweighed the favourable global backdrop. At the interbank foreign exchange market, the rupee opened at 95.27, then touched 95.28 against the American currency, registering a fall of 6 paise from its previous close. On Thursday, the rupee depreciated 14 paise to close at 95.22 against the

Trump’s Iran dilemma: He’s stuck in war with no exit in sight

WASHINGTON, Aug 6 (Reuters) – With President Donald Trump’s war against Iran now in its sixth month, this week’s flurry of threats and diplomacy has underscored the ever-tighter bind he finds himself in as he tries to extricate the U.S. from an unpopular conflict he originally claimed would last just weeks. Trump ​is caught between an emerging interim deal being negotiated by Iran and Oman that would give Tehran control over the Strait of Hormuz it never possessed before the war, or following through on ‌his warnings of sharp escalation, risking a more prolonged crisis. The first option, analysts say,

Ex-Tehelka Editor Tarun Tejpal gets 10 years jail for rape

MUMBAI, Aug 6 – A court in India convicted former top magazine editor Tarun Tejpal of raping ​a colleague 12 years ago and sentenced him ‌to ten years in prison, in a high-profile case that had fuelled debates about the safety of women ​in Indian workplaces. Tejpal, 62, was convicted of ​rape and sentenced to ten years of ⁠rigorous imprisonment after the two-judge Goa bench ​of the Bombay High Court set aside an earlier acquittal ​in 2021 by a trial court in the coastal state of Goa, where the crime occurred. Tejpal said he was ​innocent and would appeal against

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