Markets face risk of a prolonged bear phase as oil shocks and geopolitical tensions test inflation, growth and investor confidence globally, points out Debashis Basu.
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.
'On behalf of the Islamic Republic of Iran, I express gratitude and appreciation for my dear brothers HE Prime Minister of Pakistan Sharif and HE Field Marshal Munir for their tireless efforts to end the war in the region.'
Apple CEO Tim Cook's strategic pivot, from initial rejections to local partnerships and leveraging government policies like PLI, transformed India into a major iPhone manufacturing and export hub, now accounting for one in every four iPhones assembled globally.
The United States Department of Justice released a batch of documents related to Jeffrey Epstein's sex trafficking investigation, including photos and records showing Bill Clinton, Ghislaine Maxwell, and Michael Jackson in social settings with Epstein, CNN reported.
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.
Trump said that the decision would be "immediately" in effect and that the "order is final and conclusive."
'It was diminishing even before Trump came to power.' 'The US was at the centre of the global economy. That position is going to become less and less important and less central.'
The cost of the war is being counted not in the corridors of power in Washington or Tehran, but in Firozabad's darkened furnace rooms, Howrah's idle casting sheds, and a barbershop in Kochi where the wait is suddenly, inexplicably, an hour long, notes Prem Panicker in his must read blog on the Iran War.
Prime Minister Narendra Modi and US President Donald Trump discussed enhancing economic ties and a potential trade deal during a phone conversation.
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.
Since May 10, when Trump announced on social media that India and Pakistan had agreed to a "full and immediate" ceasefire after a "long night" of talks mediated by Washington, he has repeated his claim over 70 times that he ended the conflict between India and Pakistan.
Cameron Young leads the Cadillac Championship, while Indian golfers Akshay Bhatia and Sudarshan Yellamaraju faced challenges in the second round.
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.
Following a US agreement to a ceasefire, Iran claims victory and outlines conditions for a lasting peace deal, including control over the Strait of Hormuz and the removal of sanctions.
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.
Crude oil prices experienced a sharp decline after US President Donald Trump announced a temporary halt to military strikes on Iran's energy infrastructure, easing geopolitical tensions and supply disruption fears.
Amid rising tensions in West Asia, China is urging all parties to cease military operations, following Trump's appeal for help in securing the Strait of Hormuz.
Protests were held from coast to coast, with massive marches in major cities and smaller gatherings in suburban and rural areas across both traditionally Republican and Democratic states.
Sahith Theegala and Akshay Bhatia are set to compete at the Cadillac Championship, held at the Trump National Doral Golf Club. The tournament, a USD 20m Signature Event, features a strong field, though Rory McIlroy will be absent.
Indian-American golfer Sahith Theegala began the Cadillac Championship with a 3-under 69, placing him in the top 10, while Cameron Young leads the field with an impressive 64.
Pakistan's Defence Minister Khawaja Asif has indicated that further Iran-US negotiations are anticipated soon, following talks in Pakistan. Despite initial optimism, the previous round of negotiations did not result in a lasting peace agreement.
The Congress party has criticised Prime Minister Narendra Modi's diplomatic efforts following the ceasefire agreement between the US and Iran, facilitated in part by Pakistan. The party claims this development undermines Modi's strategy and exposes his perceived failures in foreign policy.
Global energy markets saw a significant correction as oil prices nosedived following Iran's announcement that the Strait of Hormuz has been fully reopened, dismantling the 'war-risk' premium that had gripped the market.
A senior Russian diplomat has expressed apprehension over the possibility of the US attempting to regain control of the Bagram airbase in Afghanistan, amidst escalating military tensions in the region.
Representatives Deborah Ross of North Carolina, Marc Veasey of Texas and Raja Krishnamoorthi of Illinois introduced the resolution on Friday in the House of Representatives to terminate Trump's national emergency authorising tariffs of up to 50 per cent on imports from India, helping to restore Congress' constitutional authority over trade.
The 'rescue' operation occurred within kilometres of Iran's underground tunnel complex at Isfahan, assessed by the IAEA and US intelligence as holding a substantial portion of the country's 60 per cent enriched uranium stockpile. Retired senior US military officers have highlighted that the mission's footprint -- hundreds of special operators, multiple heavy-lift aircraft deep inside Iran -- appears outsized for recovering a single airman. Prem Panicker continues his must read blog on the Iran War.
MEA spokesperson Randhir Jaiswal said India's energy decisions are guided by national interest.
Russian Foreign Minister Sergei Lavrov will visit Beijing to discuss the West Asia conflict, the Strait of Hormuz blockade, and bilateral relations with Chinese leaders.
Trump described the Gold Card as a "Green Card, but much better, much more powerful, a much stronger path and a path is a big deal. Have to be great people, but much stronger path", which also helps companies.
A US Air Force officer was rescued from deep inside Iran after his jet was shot down, following a two-day mission involving US Special Operations forces. The officer evaded Iranian forces for over 24 hours, hiding in a mountain crevice and hiking to high altitudes before being rescued.
That's Bettina Anderson, who has been Don Jr's partner for over a year.
The Congress MP said he had been "troubled" by the US tariff regime from the very beginning, adding that India was already at a disadvantage compared to its regional competitors.
The White House on Thursday stated that United States President Donald Trump is 'extremely frustrated' with both Russia and Ukraine over the slow progress toward ending the ongoing war and is unwilling to engage in 'meetings just for the sake of meeting'.
Meanwhile, Trump said Cambodia and Thailand have started fighting again and "tomorrow", he will make a phone call to those countries.
The Congress party has criticized Prime Minister Narendra Modi following repeated claims by former US President Donald Trump that he brokered peace between India and Pakistan.
At least 16 files released in the batch of Jeffrey Epstein documents appeared to have been removed from the website, as of Sunday morning (local time).
The Supreme Court has dismissed activist Umar Khalid's plea seeking a review of a verdict denying him bail in connection with the 2020 Delhi riots conspiracy case.
Speaking to North Korea's Supreme People's Assembly on Tuesday, Kim accused the United States of carrying out 'terrorism and invasions' across regions, referring to the ongoing conflict involving Iran.
Despite United States President Donald Trump claiming that negotiations with Iran are underway and the conflict could soon end, the Pentagon is expected to deploy troops from the 82nd Airborne Division to the Middle East as the war enters its fourth week, according to a CBS News report.
