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Pakistan army chief describes terrorism in Jammu and Kashmir as ‘legitimate struggle’

Islamabad, Jun 30 (PTI) Pakistan Army Chief Asim Munir has described terrorism in Jammu and Kashmir as a “legitimate struggle”, saying his country would always stand by the people of Kashmir in their struggle. Field Marshal Munir also warned India of a “befitting response” in case of any future attack, weeks after the two nations briefly locked horns in a dangerous conflict. “What India labels as terrorism is, in fact, a legitimate and lawful struggle for freedom, recognised by international law,” Munir said while addressing a passing out ceremony at Pakistan Naval Academy, Karachi, on Saturday. “Those who have tried

Gold prices dip Rs 200 to Rs 97,470 per 10 gram

New Delhi, Jun 30 (PTI) Gold prices fell Rs 200 to Rs 97,470 per 10 grams in the national capital on Monday due to continuous selling by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 97,670 per 10 grams on Friday. Extending the losses for the seventh straight day, gold of 99.5 per cent purity slipped Rs 150 to Rs 97,050 per 10 grams (inclusive of all taxes). It had settled at Rs 97,200 per 10 grams in the previous market session. “Gold continues to face downward pressure

Rupee falls 23 paise to close at 85.73 against US dollar

Rupee hits record low

Mumbai, Jun 30 (PTI) The rupee pared initial gains and settled for the day in the negative territory, down 23 paise at 85.73 (provisional) against the US dollar on Monday, on weak domestic equities and a bounce back in crude oil prices. Forex traders said the rupee opened in the positive on improved global risk sentiments, however, a negative trend in domestic equities dented investor sentiments and dragged down the local unit. At the interbank foreign exchange, the rupee opened at 85.48 against the US dollar and witnessed an intra-day high of 85.44 and low of 85.77 before settling at

Markets fall after 4-day rally dragged by bank stocks; Sensex drops 452 points

Mumbai, Jun 30 (PTI) Benchmark equity indices Sensex and Nifty tumbled on Monday after a four-day rally amid emergence of profit-taking, mainly in bank stocks. After staying in the negative territory throughout the day, the 30-share BSE Sensex later dropped 452.44 points or 0.54 per cent to settle at 83,606.46. During the day, it tanked 576.77 points or 0.68 per cent to 83,482.13. The 50-share NSE Nifty declined 120.75 points or 0.47 per cent to 25,517.05. From the Sensex firms, Axis Bank, Kotak Mahindra Bank, Maruti, UltraTech Cement, Bajaj Finance, ICICI Bank, Reliance Industries, Tata Steel, Bharti Airtel and HDFC

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