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Stock markets rally in early trade amid US trade talk optimism

Mumbai, Sep 17 (PTI) Benchmark equity indices Sensex and Nifty rallied in initial trade on Wednesday following positive day-long discussions with the visiting US team on a bilateral trade deal with both sides agreeing to push for an early and mutually beneficial conclusion of the agreement. The 30-share BSE Sensex rallied 262.74 points to 82,643.43 in early trade. The 50-share NSE Nifty climbed 85.25 points to 25,324.35. From the Sensex firms, Bharat Electronics, UltraTech Cement, Trent, Larsen & Toubro, Tata Consultancy Services, HCL Tech, Infosys and Tech Mahindra were among the major gainers. However, Adani Ports, Mahindra & Mahindra, Tata

Rupee rises 28 paise to 87.81 against US dollar in early trade

Mumbai, Sep 17 (PTI) The rupee appreciated 28 paise to 87.81 against the US dollar in early trade on Wednesday, tracking the broad decline in the greenback amid hopes of a US Fed rate cut. Forex traders said investors are closely following the FED Reserve’s policy meeting as dollar softness globally is triggering rupee strength. The market is expecting a 25-bps rate cut, and investors will watch out for the Fed Chair’s speech for further guidance. At the interbank foreign exchange market, the rupee opened at 87.84 against the US dollar, then touched 87.81, registering a gain of 28 paise

National Herald money laundering case: Court seeks further clarifications from ED, calls IO with case file

New Delhi [India], September 17 (ANI): Hearing the National Herald money laundering case on Tuesday, the Rouse Avenue court has listed the matter for further inspection and directed the investigation officer (IO) to appear with the case file on September 26. Thereafter, the court may fix the matter for order on cognisance of ED’s Prosecution complaint, and ED had filed a Prosecution complaint against Congress leaders Sonia Gandhi, Rahul Gandhi and others. Special Judge Vishal Gogne, after hearing the short submissions of senior counsel for Dotex Merchandise Private Limited, listed the further clarifications from the Enforcement Directorate (ED). The counsel

Trump speaks with ‘dear friend’ Modi on his birthday

New York/Washington, Sep 17 (PTI) US President Donald Trump on Tuesday said he had a “wonderful” phone call with Prime Minister Narendra Modi, during which he extended birthday greetings to his “friend” and thanked the Indian leader for his support on ending the Russia-Ukraine war. The call, which came a day before Modi turned 75, is being seen as a significant gesture as part of the US’ efforts to reset ties with India amid strain over tariff issues. “Just had a wonderful phone call with my friend, Prime Minister Narendra Modi. I wished him a very Happy Birthday! He is

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