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Stock markets tumble in early trade amid escalating tensions in West Asia, higher oil prices

Mumbai, Sep 9 (PTI) Market benchmark indices Sensex and Nifty tumbled in early trade on Wednesday as escalating tensions in West Asia pushed crude oil to near USD 100-per-barrel mark. Selling in IT stocks and fresh foreign fund outflows also dented investors’ sentiment. The 30-share BSE Sensex tanked 500.25 points to 75,060.61 in early trade. The 50-share NSE Nifty declined 129.40 points to 23,506.10. Among the 30 Sensex firms, HCL Tech, Tech Mahindra, Infosys, Tata Consultancy Services and Hindustan Unilever were the major laggards. NTPC, Larsen & Toubro, Power Grid and Adani Ports were among the winners. “Brent crude is

Rupee falls 21 paise to 94.95 against US dollar in early trade

Mumbai, Sep 9 (PTI) The rupee depreciated 21 paise to 94.95 against US dollar on Wednesday weighed down by surging crude oil prices, which inched closer to the USD 100-a-barrel mark amid the simmering US-Iran tensions. A weak dollar, however, cushioned the fall, forex traders said. At the interbank foreign exchange market, the rupee opened at 94.80 against the US dollar, then touched 94.95, registering a fall of 21 paise from its previous close. On Tuesday, the rupee fell 18 paise to close at 94.74 against the American currency. “Indian rupee opened lower on escalating geopolitical tensions and surge in

Australia sees no threat to US ties after White House criticism of social media reforms

SYDNEY, Sept 9 (Reuters) – Australia said on Wednesday it sees no risk to its relationship with the United States after reports that the Trump administration criticised Canberra’s ​plans to target social media algorithms, which critics say would curtail ‌free speech. On Tuesday Australia’s centre-left Labor government said social media users would be given the choice to opt out of algorithms under draft legislation, effectively allowing them to curate their own feeds. Social ​media companies face fines of up to A$109.2 million ($79 million) for non-compliance ​with the law. The Australian Financial Review reported on Wednesday, citing White House ⁠spokesperson

New Zealand to allow wealthy migrants to build rental housing

WELLINGTON, Sept 9 (Reuters) – New Zealand will let wealthy visa applicants count investments in approved funds ​backing build-to-rent housing from December, the government ‌said on Tuesday, tapping foreign capital to help fund new long-term rental homes. The centre-right National Party-led government ​has progressively loosened New Zealand’s Active ​Investor Plus visa since relaunching it in ⁠April 2025, cutting the minimum investment for ​its Growth category to NZ$5 million ($2.93 million) from ​NZ$15 million, shortening the required investment period to three years from four, and widening the range of ​eligible investments. Applicants in the Growth category will ​not be able to

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