Oil prices soar as threat of immediate Iran supply fades
Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran. A U.S. return to the deal would pave the way for the lifting of sanctions on Iran that would allow the OPEC member to resume exports of crude.
Sebi imposes Rs 15 cr fine on Franklin Templeton, 8 others
The Securities and Exchange Board of India (SEBI) has imposed a Rs 15 crore fine on nine entities, including Franklin Templeton Trustee Services, some senior officials and fund managers. Sebi has fined Rs 3 crore on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and Chief Investment Officer Santosh Kamat.
Novavax study finds its COVID-19 vaccine 90% effective against virus
Vaccine maker Novavax said Monday its shot was highly effective against COVID-19 and also protected against variants in a large, late-stage study in the US and Mexico. The vaccine was about 90 per cent effective overall and preliminary data showed it was safe, the company said.
Modi govt must practise what it preaches, says Chidambaram on PM's G7 address
The government should practise in India what it preaches to the world, Congress leader P Chidambaram said on Monday, a day after Prime Minister Narendra Modi stressed on democracy and freedom of thought at a G7 meet. He added that it was "sad" the prime minister was the only guest not physically present at the outreach meeting.
Apple to relax mask requirements across US stores, offices from next week
Apple Inc. is planning to relax the requisite of wearing masks for vaccinated customers at many of its stores and offices across the United States (US) from next week. The move will mark yet another major retailer moving away from the COVID-related safety protocol as states ease curbs.
WPI inflation hits all-time high of 12.94% in May
The wholesale price-based inflation hit an all-time high of 12.49% in May on the back of a spike in prices of manufactured products, crude petroleum, and mineral oils. It touched the double-digit mark of 10.49% in April (2021). This is the fifth straight month of an uptick in WPI inflation.
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