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Stock markets fall in volatile trade on rising India-Pak tensions

May 8, 2025
Finance

Mumbai, May 8 (PTI) Benchmark Sensex declined by nearly 412 points in a volatile session on Thursday due to selling in banking, FMCG and auto shares triggered by escalating tensions between India and Pakistan. The 30-share Sensex declined by 411.97 points or 0.51 per cent to close at 80,334.81 with 23 of its constituents ending in the red. The index opened higher and traded in a range in the first half of the session. The index hit a high of 80,927.99 in late-morning deals. However, the barometer lost momentum in the afternoon session as selling emerged in FMCG, auto, and

Rupee slumps 84 paise to close at 85.61 against US dollar

May 8, 2025
Finance

Mumbai, May 8 (PTI) Rupee depreciated sharply by 84 paise to close at 85.61 (provisional) against the US dollar on Thursday, weighed down by heightened geopolitical tensions between India and Pakistan. Forex traders said investors resorted to risk aversion in the domestic markets after the Pakistani military attempted a number of military targets in northern and western India using drones and missiles that were neutralised by Indian defence system. Besides, heightened geopolitical risks, positive US dollar index and a rise in crude oil prices also weighed on the rupee. At the interbank foreign exchange, the domestic unit opened at 84.61

Obesity could be linked with brain-related symptoms of long Covid, researchers find

May 8, 2025
Health

New Delhi, May 8 (PTI) Obesity or being overweight could be a symptom of long Covid with researchers finding a significant link between excess weight, and persistent neurological and mental health conditions in individuals who have recovered from COVID-19 infection. In May 2023, the World Health Organisation declared an end to COVID-19 as a public health emergency. However, long Covid — in which symptoms persist for more than 12 weeks after disease onset — continues to be studied around the world for diagnosis and treatment. The researchers, including those from the University of Brasília, Brazil, show that among the nearly

Broadband from skies: DoT issues Letter of Intent to Musk’s Starlink for satcom services

May 8, 2025
Finance

New Delhi, May 8 (PTI) Elon Musk’s Starlink has cleared the first step toward launching satellite internet services in India by securing a Letter of Intent from the Department of Telecommunications to beam services from Indian skies. Highly-placed sources said the LoI has been issued to Starlink which now has to secure a licence before being able to start operations. Starlink is a satellite internet service developed by SpaceX — the American aerospace manufacturer and space transportation company founded in 2002 by the world’s richest man, Musk. It provides high-speed, low-latency broadband internet worldwide using satellite technology. The firm has

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