Move to aquire 31,000 sqm for suburban rail depot near Devanahalli
Bengaluru: The severely delayed Bengaluru Suburban Rail Project (BSRP) secured a boost with the govt issuing a notification to acquire nearly 31,000sq.
Bengaluru: The severely delayed Bengaluru Suburban Rail Project (BSRP) secured a boost with the govt issuing a notification to acquire nearly 31,000sq.

The Washington Post won the Pulitzer Prize for public service for scrutinizing the Trump administration’s sweeping, choppy cuts and changes to federal agencies. The Associated Press won the 2026 Pulitzer Prize for international reporting for an investigation into mass surveillance...
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Northwest Bancshares officer Urich Bowers buys $97,825 in stock

The Rupee on Monday appreciated by 01 paisa against the US Dollar in interbank trading and closed at Rs 278.76 compared to the previous days closing of Rs 278.77

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NEW DELHI: The Indian Rupee on Monday, May 4, fell by 39 paise to close at an all-time low of 95.23 (provisional) against the US dollar. This was majorly due to the ongoing tensions in the Middle East causing volatility in global markets and keeping oil prices high, besides raising fears of inflation and economic [...]

Oil prices jumped about 5% on Monday and stocks fell as Iran escalated its military campaign, striking a UAE oil port with drones and hitting a South Korean vessel in the Strait of Hormuz. Brent futures rose $6.43, or 5.9%, to $114.60, while U.S. West Texas Intermediate (WTI) crude rose 4% to $105.91. The moves came after U.S. President Donald Trump pledged over the weekend that the U.S. Navy would force the strait open. The Strait of Hormuz, through which roughly a fifth of the world’s seaborne oil and gas normally flows, has been severely disrupted for two months. Monday’s attacks reinforced fears that any military effort to reopen it could trigger a broader confrontation. U.S. stocks fell broadly, with the Dow Jones Industrial Average down 1.03%, the S&P 500 0.53% lower, and the Nasdaq Composite off 0.41%. Also read: UAE owes it to investors to produce without restrictions, energy minister says “The longer oil prices stay elevated above $100 a barrel, the more the fiscal stimulus from the tax cuts passed in 2025 shifts from being a stimulus to acting as a shock absorber,” said Brock Weimer, analyst, investment strategy, at Edward Jones. MSCI’s broadest index of global shares outside Japan also fell, reversing earlier gains after tech-heavy South Korean stocks closed over 5% higher. In Europe, German carmakers dragged on regional equities after Trump said on Friday he would raise tariffs on European cars and trucks. The pan-European STOXX 600 index fell 0.99%. Germany’s 10-year bond yield, the benchmark for the euro zone bloc, rose 5 basis points to 3.08%. Bond yields move inversely to prices. Markets in London were closed for a public holiday. Central banks turn hawkish as oil fans inflation fears The oil-driven inflation threat pushed bond yields higher and complicated the outlook for monetary policy globally. Markets no longer expect the Federal Reserve to cut rates this year, and have begun pricing in hikes from both the European Central Bank and the Bank of England. Also read: Three injured in strike targeting energy installation in UAE’s Fujairah: authorities Barclays on Monday joined other brokerages in forecasting the Fed will not ease policy this year. Friday’s April payrolls report could further shift expectations. The yield on benchmark U.S. 10-year notes rose 7.6 basis points to 4.454%. Yen volatility keeps forex traders on edge Currency markets were also unsettled, with traders closely watching for signs of Japanese intervention to support the yen. The dollar fell sharply against the yen in Asian trading before reversing direction. The Japanese yen was last down 0.11% against the greenback at 157.25 per dollar. Analysts believe Tokyo may have already intervened last week to the tune of around $35 billion. “The case for intervention is strong, given the inflationary impact of a weaker yen via import prices, a U.S. administration broadly comfortable with such action, and Japan’s ample FX reserves,” said Roberto Cobo Garcia, head of G10 FX strategy at BBVA. The euro fell 0.3% to $1.1685 while sterling weakened 0.34% to $1.3526. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.35% to 98.50. In commodity markets, spot gold fell 2.22% to $4,511.36 an ounce.

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Kasapreko PLC, the Ghanaian beverage manufacturer behind the iconic Alomo Bitters brand, has launched an initial public offering (IPO) of up to 583,333,333 ordinary shares at an offer price of GH¢1.20 per share, in a move that will see the company list on the main market of the Ghana Stock Exchange (GSE). The IPO, which [...] The post Kasapreko PLC announces GH¢700million IPO on Ghana Stock Exchange appeared first on Ghanamma.com .

BitcoinWorld AUD/USD Falls Sharply Ahead of RBA Decision Amid Escalating Middle East Noise The Australian dollar weakened against the US dollar on Monday, as the AUD/USD falls ahead of the Reserve Bank of Australia’s (RBA) upcoming policy decision. Geopolitical tensions in the Middle East further limited any potential upside for the currency pair. Traders are now closely watching the RBA’s next move. The central bank is expected to [...] This post AUD/USD Falls Sharply Ahead of RBA Decision Amid Escalating Middle East Noise first appeared on BitcoinWorld .

The Indian Rupee has fallen to a historic low of 95.23 against the US dollar, driven by rising oil prices and geopolitical tensions. Forex analysts warn that persistent dollar demand could further pressure the rupee. As investors keep an eye on the West Bengal elections, the impact of global events on India's economy remains a key concern. This article delves into the factors influencing the rupee's decline and the broader implications for the Indian economy.