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China’s Global Times, Xinhua X-account handles blocked in India

New Delhi, May 14 (PTI) The X accounts of Global Times and Xinhua on Wednesday showed that it has been withheld in India in response to a legal request. The decision to withhold the account was made under provisions of Indian law following a public warning issued by the Indian Embassy in Beijing. In a sharp rebuke on X, the embassy cautioned Global Times against publishing unverified claims about Indian military operations. In a follow-up message, the embassy elaborated that multiple social media accounts sympathetic to Pakistan had been circulating unsubstantiated claims related to the alleged losses suffered by the

Convinced India, Pakistan to let’s have peace: President Trump

New York, May 14 (PTI) US President Donald Trump has repeated his claim that Washington “got involved” with India and Pakistan, saying he “didn’t like what was happening” and that he did a “good job” as he “convinced” the two countries “to let’s have peace and let’s go and make trade deals.” Trump was speaking to Fox News aboard Air Force One after he wrapped up his Saudi Arabia visit on Tuesday. This is the fifth time since Saturday that Trump has claimed that the US brokered the “ceasefire” between New Delhi and Islamabad. India and Pakistan reached an understanding

Markets bounce back in early trade as inflation cools to 6-yr low in April

Mumbai, May 14 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Wednesday as retail inflation eased to a nearly six-year low of 3.16 per cent in April, creating enough room for the Reserve Bank to go for another round of rate cut in the June monetary policy review. Also, a cooling US April inflation data added to the positive trend in the equity markets. The 30-share BSE benchmark gauge Sensex climbed 281.43 points to 81,429.65 in early trade. The NSE Nifty went up by 96.65 points to 24,675. From the Sensex firms, Tata Steel, Bharti Airtel,

Rupee rises 31 paise to 85.05 against US dollar in early trade

Mumbai, May 14 (PTI) The rupee appreciated 31 paise to 85.05 against the US dollar in early trade on Wednesday, supported by gains in domestic equities and positive macroeconomic data. Forex traders said a surge in global crude oil prices may weigh on the rupee. Over the last few sessions, Brent crude prices have surged to near USD 66 per barrel, which could widen India’s trade deficit. Moreover, foreign fund outflows also contained the appreciation of the domestic unit to some extent. At the interbank foreign exchange, the domestic unit opened at 85.05 against the greenback, registering a gain of

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