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Stock markets slump 2% as US-Iran tensions rise

India, July 9 -- Equity benchmark indices Sensex and Nifty tumbled over 2 per cent on Wednesday after US President Donald Trump said the interim agreement with Iran is over, leading to a sharp rally i... Read More


Investors' wealth erodes by Rs 8.96 lakh crore

India, July 9 -- Investors' wealth eroded by '8.96 lakh crore on Wednesday as equity markets went into a tailspin after US President Donald Trump said the interim agreement with Iran is over, leading ... Read More


Oil marketing companies, paint makers, aviation stocks tumble as crude oil prices jump

India, July 9 -- Shares of oil marketing companies, paint manufacturers and aviation firms ended lower on Wednesday following a sharp surge in crude oil prices amid fresh tensions between the US and I... Read More


Rupee tanks 59 paise to close at 95.55 against US dollar

India, July 9 -- The rupee tanked 59 paise to settle at 95.55 (provisional) against the US dollar on Wednesday as the US launched fresh strikes on Iran after Tehran struck three ships in the Strait of... Read More


Vodacom, Absa target Sh21bn extra dividends in Kenya deals

Nairobi, July 9 -- More than Sh21 billion in extra dividends will be shipped to South Africa as Johannesburg-based multinationals buy additional stakes in Safaricom, Absa Bank Kenya and NCBA Group. S... Read More


New TANAPA chief Mwishawa sworn in, as Minister Kijaji issues directives on staff welfare and wildlife protections

ARUSHA, July 9 -- THE Minister for Natural Resources and Tourism, Dr Ashatu Kijaji, has sworn in Massana Gibril Mwishawa as the new Conservation Commissioner of the Tanzania National Parks (TANAPA), c... Read More


Karnataka clears 8.82 lakh pending traffic E-Challans, collects Rs 26.37 crore in 18 days

India, July 9 -- The Karnataka government has settled more than 8.82 lakh pending traffic e-challan cases in just 18 days after introducing a 50 per cent concession on traffic fines, collecting over R... Read More


RBI launches 3 key surveys ahead of August MPC meeting to guide monetary policy

India, July 9 -- The Reserve Bank of India (RBI) launched 3 key nationwide surveys, including the Inflation Expectations Survey of Households, to gather crucial inputs for formulating monetary policy ... Read More


Fast food gets serious: SA brands fight for every bite

South Africa, July 9 -- South Africa's Fast Food/QSR industry is entering a more strategically competitive phase, where brands are no longer competing on menu items alone. As consumers remain under pr... Read More


#Orchids&Onions: Pick n Pay eats like a champ. and markets like one too

South Africa, July 9 -- Eating like a champ One UK wag responded that American football was the sport made for those who are too soft to play rugby. But that reminded me that, even in a game where t... Read More