J D Vance heads to Islamabad for high-stakes US-Iran talks, balancing cautious optimism with a warning against bad faith. negotiations.
Indian stock markets experienced a significant sell-off, with the Sensex tumbling over 1,300 points, driven by escalating crude oil prices due to US-Iran tensions and Prime Minister Narendra Modi's call for austerity measures, which amplified investor concerns about India's economic outlook.
US President Donald Trump on Friday (local time) announced a three-day ceasefire between Russia and Ukraine, noting that the temporary truce coincides with Russia's Victory Day celebrations commemorating the then-Soviet Union's role in World War II.
Iran on Monday described the 15-point proposal from the United States to end the conflict in West Asia and reopen the strategic Strait of Hormuz as 'excessively demanding', stating that it has prepared its own set of demands to end hostilities, which have now entered their second month.
The ceasefire is still technically holding, to the extent that no overt hostilities have been reported yet, but the rhetoric has hardened dangerously. The week ahead will also clarify whether the Islamabad failure was a negotiating tactic or whether Washington has genuinely locked itself into a position from which the only exits are climb-down, escalation, or the slow bleed of a new status quo that nobody chose and nobody controls. Prem Panicker continues his must read blog on the Iran War.
The Customs department seized gold worth Rs 3.15 crore from two passengers at Mumbai airport, including a finance professional smuggling gold due to US-Iran conflict concerns.
Iranian President Masoud Pezeshkian stated that Iran is considering various paths to address regional tensions, including negotiations conducted with dignity and authority, while emphasising that military gains should be reinforced through diplomacy.
Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday, with the 30-share BSE Sensex falling 1,613.09 points and the 50-share NSE Nifty plunging 495 points, as the failure of US-Iran negotiations heightened concerns of a prolonged conflict driving crude oil prices sharply higher. Track Sensex, Nifty50 movement and key market drivers for April 13, 2026.
Aviation stocks experienced a significant surge following the announcement of a two-week ceasefire between the US and Iran, which led to a sharp decline in crude oil prices. This development has positively impacted stock markets and the broader economic outlook for India.
"Our strategy has always been to focus on volume-led penetration growth," said Manish Tiwary, chairman and managing director, Nestle India.
Congress leader Shashi Tharoor discusses India's role in the US-Iran peace talks taking place in Islamabad, emphasising the importance of peace over competition with Pakistan and highlighting India's regional interests.
Pakistan's Prime Minister Shehbaz Sharif has welcomed the ceasefire between the US and Iran and invited delegations from both countries to Islamabad for peace negotiations.
Crude oil prices have surged to record highs due to escalating tensions between the US and Iran, raising concerns about supply disruptions and market volatility.
China has called on Iran to reopen the Strait of Hormuz and expressed appreciation for Tehran's commitment not to develop nuclear weapons, a key demand of the US to end the conflict.
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'Neither do the Israelis. The two attacking parties have very little economic interest in Hormuz.'
The world watches the Met Gala for the celebrities and the couture. But, for the last few years, one Indian brand from Kerala has quietly been creating the carpet that fashion's biggest stars pose on.
We'd love to know about your mother too. What makes her truly special? What's that one memory that captures her spirit, her strength or even her quirks? Write in to us at getahead@rediff.co.in (Subject: Mother's Day) and share your story. Do mention your full name, your mother's full name and where you are from. Don't forget to share photographs -- your mother's, you with your mother...
Gautam Adani, chairman of Adani group, emphasised that energy and intelligence are inseparable national priorities, asserting that India must build its own capabilities in these sectors rather than relying on external sources, especially in the context of global conflicts and shifting supply chains.
Esha Sandhu, Dr D S S Srinivas Prasad, Ipninder Singh pay tribute to their mothers.
A US judge has granted Gautam Adani's request for a hearing to dismiss a US Securities and Exchange Commission (SEC) fraud case, with Adani's legal team arguing the case lacks jurisdiction and credible evidence.
Two family members of Qassem Soleimani, the Iranian general killed in a US strike in 2020, have been arrested in the United States after their residency permits were rescinded.
South African pacer Shabnim Ismail reverses her international retirement to join the squad for the Women's T20 World Cup 2026 in the UK, bringing valuable experience to the team.
Film folk have been celebrating Mother's Day on Sunday, and posting loving pictures on social media.
Iran's claim comes after United States President Donald Trump confirmed that the military rescued the second F-15 crew member, who had gone missing after Iran downed the jet amid the West Asia conflict.
The Central Bureau of Investigation (CBI) has taken over the investigation into the murder of Chandranath Rath, an aide to West Bengal Chief Minister Suvendu Adhikari. The counsel for one of the arrested individuals, Raj Singh, has welcomed the CBI probe and criticised the West Bengal Police's handling of the arrest.
Indian equity markets experienced a significant decline in early trade, with the BSE Sensex and NSE Nifty dropping, as escalating geopolitical tensions in West Asia and a surge in global oil prices dampened investor sentiment. Track Sensex, Nifty50 movement and key market drivers for May 8, 2026.
Arjun Singh and Aditya Singh won India's first gold medal at the US Open Pickleball Championship, defeating top seeds Ryder Brown and Soli Messiri in the U-18 boys' doubles category.
US President Donald Trump has announced plans to clear the Strait of Hormuz to secure the vital oil corridor, citing risks to global energy supplies and criticising other nations' inaction.
The United States and Iran, with regional mediators, are reportedly discussing a potential 45-day ceasefire to prevent further escalation of conflict, including strikes on Iranian infrastructure and retaliation against Gulf states' facilities.
US Secretary of War Pete Hegseth on Wednesday claimed that Tehran "begged" for a truce, maintaining that Washington achieved a "decisive military victory" during 'Operation Epic Fury.'
Kagiso Rabada attributes Gujarat Titans' dominant win over Sunrisers Hyderabad to disciplined Test-match bowling, emphasising patience and simplicity.
Indian stock markets experienced a significant rally following the announcement of a US-Iran ceasefire, coupled with a drop in crude oil prices. The Sensex and Nifty both closed nearly 4 per cent higher, mirroring gains in global markets.
The closure of the Strait of Hormuz has disrupted some 20 per cent of the global flows but even if it opens, damages to production facilities in the region will take time to repair, points out Sunita Narain.
Biocon is actively seeking in-licensing opportunities to expand its biosimilars portfolio, focusing on products that complement existing therapy areas, as the company shifts to a 'consolidate' phase with a strong emphasis on improving capacity utilisation, expanding margins, and driving return on capital employed.
Ten Indian nationals living illegally in the US have been indicted for conspiring to stage armed robberies at convenience stores to fraudulently obtain visas.
Indian markets on Dalal Street rallied sharply as easing tensions in the US-Iran conflict and stable oil prices boosted sentiment. Track Nifty 50 and BSE Sensex performance and key global triggers.
Two women allegedly molested in Delhi's Nehru Place are struggling with trauma and fear, highlighting the lack of public assistance during the incident.
Congress leader Shashi Tharoor criticised the proposal to increase the Lok Sabha's strength to 850, while BJP leaders defended delimitation as a democratic necessity at the Stanford India Conference 2026.
A top Iranian intelligence official was killed in an attack, with the Revolutionary Guard blaming the United States and Israel. The incident occurs amid escalating regional tensions, including IDF strikes on Hezbollah infrastructure and ongoing operations in Lebanon.
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