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India’s rice exports to top buyer Iran stall on protests, tariff worries

MUMBAI/NEW DELHI, Jan 13 (Reuters) – India’s basmati rice exports ​to Iran have slowed to a near standstill amid the protests gripping the Gulf ‌country, with suppliers wary of new deals due to the risk of non-payment and potential additional U.S. tariffs, trade officials said. U.S. President Donald Trump said on Monday that any country trading with Iran would face a 25% tariff on its commerce with the U.S., a move exporters say has made Indian suppliers even more reluctant to ‌sign new contracts with Iranian buyers. “The proposed 25% levy under the Trump framework adds ​an additional challenge to

Rupee declines 4 paise to close at 90.21 against US dollar

Mumbai, Jan 13 (PTI) The rupee declined 4 paise to close at 90.21 (provisional) against the US dollar on Tuesday, weighed down by higher crude oil prices, a firm American currency and incessant outflow of foreign funds. Analysts said geopolitical tensions and weak equity markets also put pressure on the Indian currency. At the interbank foreign exchange, the rupee opened at 90.24 and touched the intra-day low of 90.30 against the greenback. The currency ended the session at 90.21 (provisional) against the dollar, down 4 paise from its previous close. On Monday, the rupee ended 1 paisa higher at 90.17

Stock markets end lower on foreign fund outflows, selling in blue-chips

Mumbai, Jan 13 (PTI) Equity benchmark indices Sensex and Nifty ended lower on Tuesday after a day’s breather, tracking unabated foreign fund outflows and selling in blue-chip stocks amid global tariff-related concerns. Market sentiment was also sluggish due to a weak start to the earnings season, according to traders. In a volatile trade, the 30-share BSE Sensex dropped 250.48 points, or 0.30 per cent, to settle at 83,627.69. During the day, it declined 615.38 points, or 0.73 per cent, to 83,262.79. The 50-share NSE Nifty edged lower by 57.95 points or 0.22 per cent to 25,732.30. From the 30-Sensex firms,

‘Modi will never succeed in suppressing voice of Tamil people’: Rahul on ‘Jana Nayagan’ row

New Delhi, Jan 13 (PTI) Congress leader Rahul Gandhi on Tuesday alleged that the Centre’s “attempt to block” Vijay-starrer “Jana Nayagan” is an attack on Tamil culture, and said Prime Minister Narendra Modi will never succeed in “suppressing the voice of the Tamil people”. Gandhi’s remarks come on a day he is on a visit to poll-bound Tamil Nadu where the row over actor-turned-politician Vijay’s Tamil film has snowballed into a major issue. The producer of the film approached the Supreme Court, challenging a January 9 interim order of the Madras High Court that stayed a single-judge direction to grant

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