Business

Sensex jumps 567 points amid global stocks rally on hopes of US-China trade deal, Fed rate cuts

Mumbai: Benchmark BSE Sensex jumped by nearly 567 points and broader Nifty closed above 25,900 Monday following a sharp rally in global markets, as softer-than-expected US inflation reignited hopes of Fed rate cuts this year. The 30-share BSE Sensex jumped 566.96 points or 0.67 per...

Afghan and Pakistani transporters stranded on the road leading to Torkham border, which has remained closed since October 13, have urged authorities to exclude bilateral trade from political and security issues between the two nations. The transporters told local media that they have been suffering a lot, running short of money and also facing physical and psychological issues. Quoting the stranded transporters, Pakistan's leading daily, Dawn, reported that around 4000 to 5000 vehicles, carrying multiple trade goods, are waiting for the border to reopen with no definite date in sight in the near future for the resumption of trading relations between the two nations. Transporters said that they were facing several issues, including personal and goods security, monetary losses, shortage of food and water and continuous mental torture. A local transporter told the newspaper that said that a number of his fellow transporters had exhausted their money during the past two weeks for arranging water and food, medicines and maintenance of their loaded vehicles. He said that none of the so-called transporters' unions had asked them about the problems they were facing, while the brokers and goods owners were not considering their financial issues, as they refused to offload the current consignment in order to save them from further losses. He said that they were finding it difficult to protect their loaded vehicles, arranging for food and water while also sleeping on the hard surface of the road, as they had no option. Their concerns come after tensions between Afghanistan and Pakistan escalated on October 11, days after explosions rocked Kabul while Afghanistan's Foreign Minister Amir Khan Muttaqi was in India. In response, the Taliban launched a deadly offensive along the border with Pakistan. Both countries later agreed to an immediate ceasefire after more than a week of intense fighting that left dozens dead and hundreds injured. Pakistan has accused the Taliban of allowing hostile groups, including the Tehreek-e-Taliban Pakistan (TTP), to operate from “sanctuaries” in Afghanistan, a charge denied by the Taliban. Taliban has blamed Pakistan's aggressive actions, including airstrikes on Kabul, as the reasons for the escalation of the conflict.

Torkham border dispute freezes Afghanistan-Pakistan trade, strains drivers

2 weeks ago

Islamabad: Afghan and Pakistani transporters stranded on the road leading to Torkham border, which has remained closed since October 13, have urged authorities to exclude bilateral trade from political and security issues between the two nations. The transporters told local media that they have been...

IndiGo resumes Kolkata-Guangzhou direct flights

2 weeks ago

New Delhi: IndiGo Monday said it has restarted flights between Kolkata and Guangzhou, marking the resumption of direct air services between India and China after a gap of more than five years. The first flight, operated with an Airbus A320 aircraft, took off from Kolkata...

EAM Jaishankar, US secretary of state Rubio

EAM Jaishankar meets U.S. Secretary of State Rubio to reset bilateral ties

2 weeks ago

Kuala Lumpur: External Affairs Minister S Jaishankar Monday held talks with his American counterpart Marco Rubio amid efforts by the two sides to reset bilateral ties that have come under severe strain over punitive US tariffs on Indian goods. Jaishankar and Rubio met in Kuala...

Q2 earnings, US Fed interest rate decision key drivers for stock markets this week: Analysts

2 weeks ago

New Delhi: In an event-heavy week, stock investors will track ongoing quarterly earnings, the US Federal Reserve's interest rate decision, and macroeconomic data for market direction, analysts said. Moreover, progress in India-US trade negotiations will remain a key focus for investors, an expert said. "The...

2026 will be ASEAN-India year of maritime cooperation: PM Modi

2 weeks ago

New Delhi: The India-ASEAN Comprehensive Strategic Partnership is emerging as a powerful foundation for global stability and growth, Prime Minister Narendra Modi said Sunday. In a virtual address at the India-ASEAN (Association of Southeast Asian Nations) annual summit, Modi also said that the grouping is...

Goyal in Brussels Oct 27-28 to give political impetus to trade pact talks

2 weeks ago

New Delhi: Commerce and Industry Minister Piyush Goyal will visit Brussels October 27 for talks with his EU counterpart to give political impetus to the proposed trade pact, as the deadline to conclude negotiations nears. During the two-day visit, Goyal will meet Executive Vice-President and...

US life insurers, not LIC, led recent Adani investments

2 weeks ago

New Delhi: Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US...

Mcap of 7 of top-10 most valued firms jumps by Rs 1.55 lakh cr; Reliance, TCS shine

2 weeks ago

New Delhi: The combined market valuation of seven of the top-10 most valued firms jumped by Rs 1,55,710.74 crore in the holiday-shortened last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid a positive trend in domestic equities. Last week,...

Odisha CM to visit Mumbai Sunday to attend India Maritime Week-2025

2 weeks ago

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi is scheduled to travel to Mumbai Sunday to attend the prestigious India Maritime Week (IMW) 2025 Monday. The IMW event will be inaugurated Monday and will continue till October 31. Majhi will join the inaugural session as the...