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 ...
Of the 57 seats going to polls today, nine are from West Bengal, 13 from Uttar Pradesh, eight from Bihar, six from Odisha, four from Himachal Pradesh, three from Jharkhand, and the lone seat of Union Territory Chandigarh. All 13 seats of Punjab are also on today's list. The election is expected to be triangular, with INDIA allies Congress and Aam Aadmi Party having a "friendly" contest that is expected to split the non-BJP vote and play into BJP hands. Polling will also take place for the remaining 42 assembly seats and six Lok Sabha seats in Odisha. The BJP, which has replaced the Congress as the main Opposition party, is hoping to corner Naveen Patnaik's Biju Janata Dal. By-elections are being held on six assembly seats in Himachal Pradesh, which will also have a bearing on the fortunes of the state's Congress government. All six seats were held by Congress but the MLAs had turned rebel and cross-voted in the Rajya Sabha election, resigned and joined the BJP...