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Indian equity benchmarks Sensex and Nifty rallied on Wednesday, tracking strong global cues and easing Middle East tensions after a ceasefire between Iran and Israel. Gains were supported by falling crude prices, positive Asian markets, and domestic institutional buying.
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Sensex and Nifty slumped sharply on Monday following US airstrikes on Iranian nuclear facilities, stoking fears of further escalation in the Middle East. While global markets reacted cautiously, analysts believe the impact on Indian equities may remain limited.
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Iran may retaliate against U.S. involvement in Israel's war by targeting U.S. bases, disrupting the Strait of Hormuz, activating regional proxies, or accelerating its nuclear ambitions. American strikes on Iranian nuclear sites risk sparking broader regional escalation and economic fallout
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Israeli air force executes coordinated strikes on missile storage, radar installations, and nuclear sites, expanding freedom of aerial action
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With over 3,200 Australians seeking evacuation assistance from Iran and Israel, the government mobilizes ADF and DFAT teams to secure safe departures
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The Indian rupee fell 6 paise to 86.17 against the US dollar in early trade Monday amid rising crude prices and geopolitical tensions. FII outflows also weighed on the rupee, despite gains in equities and rising forex reserves.
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Middle East is teetering on the edge of a full-scale war fraught with global implications as Iran and Israel cross a dangerous line
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Air India and IndiGo have rerouted multiple flights after Iranian airspace was closed due to regional tensions. Passengers have been warned of delays, especially on Europe and North America routes. Airlines are prioritizing safety and offering customer support.
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The rupee dropped 56 paise to 86.08 against the US dollar due to surging oil prices and geopolitical tensions after Israel's attack on Iran. Weak equities, FII outflows, and a tragic Air India crash further dented investor confidence.
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The new proclamation, which Trump signed on Wednesday, applies to citizens of Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen.
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The hub will leverage anonymized data from 2.3 million passenger profiles to train AI models capable of predicting spending habits with 89 per cent accuracy, aiming to boost retail conversion rates by 35 per cent and customer satisfaction by 40 per cent.
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This is his first known conversation with a foreign leader since assuming office, and it comes amid a complex situation in the Middle East.
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Airstrikes on southern Lebanon killed 25 people, including nine in the village of Maarakeh, three in the village of Ain Baal
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“We are deeply concerned about the ongoing, intense escalation between Israel and Iran, which poses real risks to regional stability and security. We are ready to collaborate with all parties to reduce tensions... We must avoid provoking Iran and step away from this cycle of uncontrolled escalation,” said Russian Foreign Ministry spokesperson Maria Zakharova in a media briefing.
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India's two-wheeler market saw remarkable 22 per cent YoY growth in first half this year
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There can be no solution unless Israel and Palestine shed their extreme postures and work towards lasting peace
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The rise in the country's foreign exchange reserves to a record high of USD 704.88 billion on Friday has further strengthened the domestic currency, according to forex traders.
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Gold prices saw a slight increase on Saturday, with the cost of 24-carat gold reaching Rs 7,785.3 per gram in morning trading, reflecting a rise of Rs 120. Meanwhile, 22-carat gold was priced at Rs 7,138.3 per gram, up by Rs 110 compared to Friday.
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Empathy, morality and ethical education are crucial to avoid repeating humanity’s darkest chapters
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The continued outflow of foreign funds from capital markets and a stronger U.S. dollar put pressure on the Indian currency, according to forex traders. At the interbank exchange, the rupee opened at 83.91 and slipped further to 83.93 against the dollar, trading 11 paise lower than the previous session's close.