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Jerome Powell says Fed has limited scope to counter energy price rise; flags inflation risks

Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend…

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‘Beginning of brutality akin to Manipur’: Opposition slams BJP, JDU after woman molested in Bihar | India News

NEW DELHI: A video showing a large mob allegedly parading and assaulting a woman in Bihar’s Nalanda district went viral on social media on Tuesday, triggering a sharp political backlash. The opposition targeted the ruling NDA alliance over “collapsed” law and order in the state, calling it the “beginning of brutality akin to Manipur” .The…

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West Bengal polls: Like Nandigram last time, has BJP set another trap for Mamata in Bhabanipur | India News

Bhabanipur, long seen as Mamata Banerjee’s safest political ground, is beginning to stir uneasy comparisons with Nandigram. In the 2021 assembly elections, her decision to contest from Nandigram ended in a dramatic setback, with Suvendu Adhikari defeating her in a high-stakes battle that reshaped the narrative of the polls and marked a symbolic leap for…

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IMD warns of more heatwave days in many states, April to get above normal rainfall in the country, brining down temp in certain parts | India News

NEW DELHI: Many parts of the country may not be hotter than usual during April-June summer season due to normal to ‘below normal’ maximum (day) temperatures but most parts in east, northeast and coastal Peninsular India are likely to get two to eight days of extended heatwave duration, the IMD said on Tuesday.“Above-normal heatwave days…

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‘Raja Shivaji’ first look teaser out: The Riteish Deshmukh film also starring Sanjay Dutt, Abhishek Bachchan promises a visual spectacle – WATCH VIDEO |

The much-anticipated first look teaser of Raja Shivaji. After generating tremendous excitement during its exclusive theatrical preview alongside ‘Dhurandhar: The Revenge’, the first look now makes its digital debut. People who had seen the film already on the big screen had been raving about it and there was a lot of buzz on the internet….

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US-Iran war bleeds Sensex! Rs 51 lakh crore gone, record $12 billion FII wipeout, stock market down over 11% – is there an end in sight to selloff?

In a span of just a month, BSE Sensex is down over 9,300 points or 11.48%! (AI image) Blood bath on Dalal Street, foreign investors’ exodus, mass selloff, several lakh crore of investors’ wealth wiped out – these are the headlines that have dominated financial news this month. The US-Israel-Iran war has dealt a massive…

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