Oil prices surged approximately 4% as tensions escalated with Iran reportedly preparing a missile attack on Israel. This geopolitical distress also caused a significant dip in the S&P 500, with technology stocks like Apple, Nvidia, and Microsoft weighing down the index and the Cboe Volatility Index reaching its highest level in nearly a month.
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Bangladesh’s interim leader Muhammad Yunus and Indian Prime Minister Narendra Modi are expected to meet during the BIMSTEC summit in Bangkok next month. As Thailand prepares to host the event, Bangladesh will assume the role of next chair. Key topics include enhancing physical, maritime, and digital linkages to bolster economic and people-to-people connections.
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Sonam Wangchuk, along with 173 others advocating for Ladakh’s inclusion in the Sixth Schedule, was detained by Delhi Police at the Singhu border. They began an indefinite hunger strike in protest. Political leaders and supporters condemned the detentions, calling for the protection of Ladakhi cultural identity.
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In September, GST collections in India witnessed a 6.5% rise to Rs 1,73,240 crore, marking the slowest increase in over three years due to domestic factors. While strong monsoon disruptions affected collections in some states, experts anticipate a boost from festival sales in the coming months, viewing GST revenue as a gauge for economic...
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Army chief General Upendra Dwivedi has described the Line of Actual Control situation as stable yet sensitive and not normal, stressing the Army’s preparedness. Trust, he said, has been the biggest casualty amidst China’s continuous military presence and reluctance to disengage troops in eastern Ladakh.
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Summer monsoon in India ended with above normal rainfall. IMD forecasts La Nina conditions forming by October-November, suggesting a potential harsh winter for north and northwest India, including Delhi-NCR. The true severity of the winter will be determined later as La Nina strengthens. The IMD will provide a more accurate forecast in November.
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