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Democrats fret about national fallout after Mamdani stuns in New York City

NEW YORK, June 26, 2025 (AP) — The stunning success of Zohran Mamdani, a 33-year-old self-described democratic socialist, in the race for New York City mayor has exposed anew the fiery divisions plaguing the Democratic Party as it struggles to repair its brand nearly half a year into Donald Trump’s presidency. A fresh round of infighting erupted among Democratic officials, donors and political operatives on Wednesday, a day after Mamdani’s leading opponent, former New York Gov. Andrew Cuomo, conceded the Democratic primary. Mamdani appears on a glide path to the nomination, though ranked choice vote counting will determine the final

Poor deprived of their right to dream: Rahul Gandhi flags rising costs of houses

New Delhi, Jun 26 (PTI) Congress leader Rahul Gandhi on Thursday flagged concerns over the rising costs of houses, especially in big cities, and said the next time “someone tells you the Gross Domestic Product (GDP) figures, show them the truth about your domestic budget”. Gandhi shared on his WhatsApp channel a media report which claimed that even for the top 5 per cent of urban families by income in Maharashtra, buying a house in Mumbai would take more than 100 years of savings. “Yes, you read it right – and if you don’t believe it, let me repeat it:

Rupee rises 21 paise to 85.87 against US dollar in early trade

Mumbai, Jun 26 (PTI) The rupee gained 21 paise to 85.87 against the US dollar in early trade on Thursday, mainly due to a weakened greenback in the global markets. However, a rise in global crude oil prices and FII outflows prevented sharp gains in the local unit, according to forex traders. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.27 per cent down at 97.41 after strengthening in the previous session. “The greenback clocked more losses on a report that US President Donald Trump is to announce the successor to Federal

Markets rally in early trade amid optimism over Iran-Israel ceasefire

Mumbai, Jun 26 (PTI) Equity benchmark indices Sensex and Nifty rallied in early trade on Thursday, taking their winning momentum to the third day running, amid optimism following a ceasefire between Iran and Israel. The 30-share BSE Sensex climbed 163.27 points to 82,918.78 in early trade. The 50-share NSE Nifty went up 64.35 points to 25,309.10. Later, the BSE benchmark traded 415.98 points higher at 83,171.49, and the Nifty quoted 115.50 points up at 25,359.45. From the 30-Sensex firms, Bharat Electronics Ltd, Tata Steel, Eternal, Bharti Airtel, Bajaj Finance, and Adani Ports were among the major gainers. Tech Mahindra, Kotak

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