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US-Iran Conflict, Oil Rally, Modi-Putin Talks, NSE IPO & More - The Week That Was

The week starting on September 7 remained highly volatile for markets with a mix of global uncertainty, rising oil prices and expectations of interest rates hike by US Federal Reserve, while corporate India saw several important developments. Here are few top stories from this week - US-Iran Conflict Tensions between US and Iran escalated again this week following a brief pause as US Central Command (CENTCOM) reported that the American forces attacked five Iranian oil tankers in the Gulf of Oman and near Kharg Island. Iran responded by launching ballistic missiles at a US base in Jordan and targeted multiple commercial and military vessels near the Strait of Hormuz. Oil Prices Cross $100 Oil prices rose over $100 a barrel this week, for the first time in nearly four months, even  hitting $109 before retreating on Friday. Crude prices are track for a weekly gain of around 8% to 9%.  Following this surge, benchmark indices such as Sensex and Nifty fell, posting consecutive ...
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Naveen Jindal, Sita Soren Among BJP's Newest Members Who Got Tickets

  1. Mr Jindal was also a Congress MP. He represented Kurukshetra constituency in the Lok Sabha from 2004 to 2014 as a Congress MP. This time, he said he wants to contribute to Prime Minister Narendra Modi's agenda of 'Viksit Bharat'.
  2. Mr Jindal had lost from Kurukshetra in 2014. He said the country has progressed under PM Modi's leadership in the past 10 years, and many historic steps such as the scrapping of Article 370 under the Constitution have been taken.
  3. The dream of having a Ram temple in Ayodhya has also been realised, Mr Jindal said. The BJP has said Mr Jindal's presence in the party will help the government's agenda of boosting the country's economy and prosperity.
  4. Sita Soren is the sister-in-law of former Jharkhand Chief Minister Hemant Soren. She will contest from Dumka (Scheduled Tribes) constituency. She joined the BJP on March 20, citing "isolation" and "neglect" by the JMM since her husband Durga Soren's death in 2009.
  5. Sita Soren was first elected MLA from Jama in 2009. She then became the JMM's national general secretary. She won the Jharkhand assembly election from Jama again in 2014 and 2019.


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