Washington, April 24 (IANS) US President Donald Trump said that the United States will keep control of the Strait of Hormuz until Iran agrees to a deal, using the vital oil route as leverage in the ongoing standoff.“We have total control of it,” Trump said. “It’ll open when they make a deal or something else happens that’s very positive.”He made clear the closure is intended to pressure Iran’s economy. “If we open the strait, that means they’re going to make $500 million a day….
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Mumbai, April 16 (IANS) Tata Group-backed Tejas Networks’ shares plunged nearly 6 per cent in early trade on Thursday after the company’s January–March quarter (Q4) earnings disappointed traders and investors.The BSE 500 stock declined as much as 5.86 per cent to Rs 423.50, hitting an intraday low, compared with its previous close of Rs 449.90. The fall came after the company reported its fifth straight quarterly loss in Q4 FY26, with revenue also declining sharply year-on-year.Tejas Network…
Washington, April 6 (IANS) US President Donald Trump on Monday marked Easter at the White House with a mix of religious messaging and political remarks, highlighting the country’s strength and recent military actions.Speaking at the annual Easter Egg Roll event, Trump called it “a very special day” and said, “It’s a day where we celebrate Jesus… it’s a day where we celebrate religion.”He used the occasion to project confidence about the state of the country. “Our country is doi…
Chennai, March 22 (IANS) BJP spokesperson C. R. Kesavan on Sunday reacted strongly to Leader of Opposition (LoP) in the Lok Sabha Rahul Gandhi’s remark that the Prime Minister Narendra Modi-led government “has neither direction nor strategy”.Gandhi, in a post on X on Saturday, alleged that the fuel prices and prices of everyday items, including production and transport, will increase as a result of the ongoing West Asia conflict. In addition to this, he said that MSMEs and the stock market will …
New Delhi, Feb 23 (IANS) The Reserve Bank of India (RBI) on Monday said there is no systemic risk to the banking system and stressed that the Central Bank does not comment on individual banks or regulated entities, as IDFC First Bank revealed the Rs 590-crore fraud at its Chandigarh branch.Addressing a joint press conference after a meeting of the RBI’s central board of directors in the national capital, RBI Governor Sanjay Malhotra said the regulator is closely monitoring the situation but th…
Mumbai, Feb 23 (IANS) Shares of IDFC First Bank hit the 20 per cent lower circuit on Monday after the lender reported fraudulent transactions worth about Rs 590 crore, allegedly committed by its employees at its Chandigarh branch.The stock fell to Rs 66.85, its intra-day low, down 20 per cent. The shares opened 10 per cent lower and later extended their losses. At 10:33 am, shares were trading at Rs 70.10, down 16.06 per cent on the day.The bank said the matter is confined to a set of Haryana go…
Mumbai, Feb 21 (IANS) Shares of Suzlon Energy continued to remain under pressure with the stock falling nearly 50 per cent of its recent peak of Rs 86 per share.The stock was last seen around this level in May 2024 — reflecting cautious investor sentiment toward the counter that had earlier witnessed a strong rally between 2020 and 2024.On Friday, the company’s shares closed at Rs 44.38, down Rs 0.87 or 1.92 per cent, according to the official data.Over the last five days, the shares have dec…
Washington, Feb 21 (IANS) US President Donald Trump, lashed out at the Supreme Court after it struck down his use of a key tariff authority, calling the apex court’s verdict “deeply disappointing”, while announcing he would move immediately to other statutes — including a new “10 per cent global tariff” — that he said would keep his tariff programme intact. “The Supreme Court’s ruling on tariffs is deeply disappointing, and I’m ashamed of certain members of the court, absolutely ashamed, for n…
Mumbai, Feb 16 (IANS) Shares of Brainbees Solutions, which operates baby and mother care retailer FirstCry, came under heavy selling pressure on Monday, as the stock fell sharply by nearly 11.3 per cent to hit a fresh record low of Rs 236.8 apiece as investors reacted negatively to the company’s December quarter results.However, at the close of the trading session, it was down by Rs 30.35 or 11.25 per cent to trade at Rs 239.45.The company reported a wider net loss of Rs 39 crore in the third …
New Delhi, Feb 6 (IANS) India’s growth cycle is set to accelerate backed by reflation effort of the RBI and the government via rate cuts, bank deregulation and liquidity infusion, continuing capex, tax cuts and relatively stimulating budget, a Morgan Stanley report said on Friday.Thus, India’s hawkish macro set up post-Covid is now unwinding. The trade deals and thawing of relations with China add to the mix, the report mentioned.“Indian stocks enjoy a rare combination of inexpensive relat…