President Financial News

Ebrahim Raisi, in a helicopter crash on Sunday is unlikely to result in immediate changes to Iran's ruling system, which Supreme Leader Ayatollah Ali Khamenei determines. However, Raisi was widely viewed as a leading candidate to succeed the 85-year-old supreme leader. His sudden death raises the possibility that Khamenei's son could eventually assume the position.

The United States’ dollar has strengthened sharply in recent months, and against Asian currencies in particular. A rising crescendo of apocalyptic financial talk threatens to spook markets. The Japanese yen, for example, appears to be on the verge of collapse.

Former AAP leader Jagbir Singh Brar joined the BJP here on Tuesday ahead of the remaining two phases of the Lok Sabha elections. Brar, a former Punjab MLA, joined the BJP here at the party headquarters in the presence of senior leaders, including party national general secretary Tarun Chugh. Before joining the AAP about a year ago, Brar was a member of the Shiromani Akali Dal. He had won the Jalandhar Cantonment seat on a SAD ticket in the 2007 assembly elections.

public life for indulging in Hindu-Muslim rhetoric everyday and «fostering hatred» in society, Congress president Mallikarjun Kharge has said. In an interview to PTI, Kharge alleged PM Modi's intentions are not clean as he is giving daily "hate speeches" with Hindu-Muslim rhetoric during the poll campaign. Noting that the PM talks about «taking away buffaloes» and «giving 15 percent budget to Muslims», Kharge said, «By saying such things, he is himself creating division in society». «On the other hand he claims that he has no right to be in public life if he talks Hindu-Muslim. As you talk such things everyday, you should quit public life,» the Congress president said.

Supreme Court on Tuesday adjourned the hearing of former Jharkhand Chief Minister Hemant Soren's bail plea, refusing to grant bail. A bench of Justices Sanjiv Khanna and Dipankar Datta said it will hear the plea on May 22 after hearing the case for an hour. Senior advocate Kapil Sibal, representing Soren cited the case of Delhi chief minister Arvind Kejriwal and asked the court to release the JMM leader him to campaign for the Lok Sabha elections. The Enforcement Directorate (ED) had opposed Soren’s bail plea on May 20. In its affidavit, the ED argued that evidence establishes Soren's involvement in the illegal acquisition and possession of properties. The ED argued that campaigning for election was neither a fundamental, constitutional, nor a legal right.

Phalodi Satta Bazaar Prediction: As the results date for the Lok Sabha elections draws near, Rajasthan's renowned Phalodi Satta Bazaar has gained attention for its predictive betting assessments. With five phases of voting completed and two phases remaining, speculation is high on which party will secure a majority and form the next government at the Centre. The Phalodi Satta Bazaar has a history of accurate predictions, whether it be elections, cricket matches, or weather forecasts. Phalodi Satta Bazaar’s Predictions for BJP The betting market suggests a strong performance for the BJP, predicting they will win approximately 300 seats as of May 13, 2024. In contrast, the Congress is projected to secure only 40-42 seats, a decline from their 52 seats in the 2019 elections. The remaining seats are expected to be distributed among other parties. If these predictions hold true, it would reinforce the accuracy of the Phalodi Satta Bazaar's assessments.

Donald Trump’s lawyers on Monday pressed the judge overseeing his hush money trial to stop the case from going to the jury and throw out the charges after prosecutors concluded their presentation of evidence.

Russia to halt its military invasion of Ukraine, China is supporting its ally as fully as it can without triggering Western sanctions. The farewell hug between the autocratic leaders of the respective nations — Chairman Xi Jinping and President Vladimir Putin — made a mockery of China's profession of being a neutral party. In his first overseas trip after commencing his fifth term in power, Putin visited China on 16-17 May. The occasion marked the 75th anniversary of diplomatic relations between the two countries, and a 7,000-word joint statement enthused that «Russian- Chinese relations stand the test of rapid changes in the world, demonstrating strength and stability, and are experiencing the best period in their history». Beijing previously declared a «no-limits strategic partnership» with Moscow, and the state visit reinforced the closeness between the two regimes. Instead of urging an end to the war, Xi embraced the Russian strongman and issued assurances of undying support. The joint statement noted the nations would «further deepen mutual military trust and cooperation». This includes expansion of military exercises, regular maritime and air patrols, and strengthening bilateral and multilateral coordination.

pick-up lanes at Kempegowda International Airport (KIA) will no longer come with a fee. Hours after Bangalore International Airport Ltd (BIAL), which manages KIA, introduced an entry charge for accessing the arrival pick-up lanes at both Terminals 1 and 2, it has suspended the move, following protests, according to TOI. Initially, there was some resistance from a portion of the driving community, causing BIAL to temporarily halt the fee collection. However, a source within BIAL clarified that taxi aggregators and airport taxi operators, who have their own designated lanes, are exempt from this new fee. Private vehicles were earlier not charged for the first seven minutes of access to the pick-up lanes but had to incur a fee of Rs 150 for the subsequent seven minutes. Commercial vehicles, on the other hand, were to be charged Rs 150 for the first seven minutes and Rs 300 for the next seven minutes. Buses were required to pay Rs 600, and Tempo Travellers Rs 300. If a ticket is lost, a fixed fee of Rs 600 applied.

Iranian presidents since the early 1980s have in essence been expressions of what the supreme leader thought he needed at the time. Ebrahim Raisi was not only a protégé of Ayatollah Ali Khamenei, but also closer in his purist religious and political views. So it matters that at home — where the future of the regime will ultimately be determined — the man chosen to restore faith in and obedience to the Islamic Revolution failed. Raisi came to power in 2021, claiming that Iran didn’t need a by-then-defunct nuclear deal with the West and could prosper by facing its “resistance economy” squarely to the east. He also quickly imposed a crackdown on female dress codes, in a demonstrative turn to a past where his revolutionary credentials — as “the Butcher of Tehran,” responsible for mass executions of regime opponents in 1988 —were impeccable.

France said late Monday it supported the independence of the International Criminal Court, whose prosecutor has requested arrest warrants for leaders from Israel, including Prime Minister Benjamin Netanyahu, and the Islamist movement Hamas. «France supports the International Criminal Court, its independence, and the fight against impunity in all situations,» its foreign ministry said in a statement.

Iran’s president, some clarity is emerging about Tehran’s next steps. The bad news for western capitals and those Iranian activists pushing for change is that there’s little hope of a relaxation of political oppression, or of the antagonism directed at the US and its allies, according to western officials. They see the authoritarian regime as robust enough to carry on its current trajectory after Ebrahim Raisi’s death in a helicopter crash.

Netanyahu and the Palestinian militant group Hamas have strongly condemned the International Criminal Court's (ICC) decision to seek arrest warrants for their leaders over alleged war crimes committed during the recent conflict. ICC prosecutor Karim Khan's request targets Netanyahu and Defense Minister Yoav Gallant from Israel, as well as Hamas leaders Ismail Haniyeh and Yahya Sinwar. Israel has strongly criticized the International Criminal Court's (ICC) decision to seek arrest warrants for Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant. The Israeli government labeled the allegations as a «historical disgrace,» according to a report by AFP.

Iran proclaimed five days of mourning for President Ebrahim Raisi on Monday, though the muted atmosphere revealed little of the spectacular public grief that has accompanied the deaths of other senior figures in the Islamic Republic's 45-year history. While government loyalists packed into mosques and squares to pray for Raisi and Foreign Minister Hossein Amir Abdollahian, both killed in a helicopter crash, most shops remained open and the authorities made little effort to interrupt ordinary life.

Ebrahim Raisi who died in a helicopter crash. Prime Minister Narendra Modi on Tuesday will interact with more than 25,000 women at a conference to be organized at the Sampurnanand Sanskrit University in Kashi aiming to appreciate the efforts of all women who played a vital role in PM Modi's roadshow. In the evening, a 'Nari Shakti Samvaad' focusing on women empowerment will be hosted at Sampurnanand Sanskrit Vishwavidyalaya to honour all women who played a vital role in PM Modi's roadshow.

Wipro, which has recently undertaken a management rejig after the appointment of new chief executive Srinivas Pallia, announced some more incremental organisational changes last week, according to an email to employees that ET has seen. Jason Eichenholz, who is senior vice president and global head of Ecosystems & Partnerships, will now report to Jo Debecker, head of Wipro's FullStride Cloud business line. While Eichenholz joined Wipro in August 2021, Debecker has been with Wipro since January 2022. Before joining Wipro, Debecker was chief delivery officer and head of group operations at Atos.

US President Joe Biden denied Monday that Israel's war in Gaza was genocide, as he slammed an «outrageous» request by the International Criminal Court's prosecutor for an arrest warrant for Israeli leaders. «What's happening is not genocide,» Biden told a Jewish American Heritage Month event at the White House as he discussed the conflict sparked by Hamas's October 7 attack on Israel.

Read here: Week Ahead: US Fed chair speech, Q4 results, FII activity, global cues among key market triggers this week On Saturday, the Indian stock market indices ended the special trading session with minor gains amid positive global cues. The Sensex gained 88.91 points, or 0.12%, to close at 74,005.94, while the Nifty 50 settled 35.90 points, or 0.16%, higher at 22,502.00. The domestic equity markets were closed on Monday due to the Lok Sabha elections in Mumbai.

Also Read: Stock market today: Sensex, Nifty 50 end in green in the second special trading session; all sectoral indices shine Two special live trading sessions were held on Saturday, May 18, for the domestic benchmark indices. First, from 9:15 IST to 10 IST, from a primary site; second, from 11:30 IST to 12:30 IST, from a site dubbed the disaster's recovery site. According to Arvinder Singh Nanda, Senior Vice President of Master Capital Services Ltd., the benchmark indices had a strong run and made up for the losses from the previous week.

passed a measure that will increase driver pay, but at a lower rate than approved by Minneapolis officials earlier this year. Although the new pay minimums are less than the rate approved by the Minneapolis City Council in March, they are intended to ensure drivers across the state are paid at least the city’s minimum wage equivalent of $15.57 an hour, though they also might mean increased costs for passengers. Minnesota lawmakers approved the pay plan Sunday night, on the last day of the legislative session and sent the measure to Gov.

Iranian President Ebrahim Raisi died in an apparent helicopter crash in the East Azerbaijan province of the country. Various human rights groups have nicknamed as the "Butcher of Tehran". What is the reason for this? What has the deceased President done to earn the notorious title?