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Sensex crashes over 900 points after PM Modi urges people to conserve fuel amid Iran-US war

The S&P BSE Sensex fell below the 77,000 mark, plunging over 900 points in intraday trade on Monday, while Nifty dropped more than 250 points. The decline followed Prime Minister Narendra Modi's appeal to the citizens to conserve fuel and avoid buying gold for a year due to rising energy prices linked to the Iran-US war.
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News By: Anmol Sharma
09:38 am Monday, 11 May 2026

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Why did stock market crash today?

Sensex plunged over 1,000 points and Nifty fell over 300 points during intraday trade on Monday. The crash was driven by several factors, including Trump rejecting Iran's response to peace proposal and Brent crude surging 4% to $105.5/barrel. Other facts included rupee weakening to 94.88 against the dollar, PM Narendra Modi's fuel conservation call and rising US bond yields.
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News By: Anmol Sharma
10:12 am Monday, 11 May 2026

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Scaler School of Business founding cohort achieves β‚Ή18 LPA average CTC

Scaler School of Business announced that admissions for Cohort 3 of its 18-month full-time PGP in Management & AI are now open. Its founding cohort secured average package of β‚Ή18 LPA, with 3.2x average hike. Hiring partners included Blinkit, Urban Company, Scapia and Emergent. The program is built by McKinsey and Uber leaders, backed by Deepinder Goyal and Kunal Shah.
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News By: Roshan Gupta
10:10 am Monday, 11 May 2026

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Rupee hits all-time low after PM Modi urges people to conserve fuel, avoid gold purchases

The Indian rupee hit a record low of β‚Ή95.17 against US dollar on Monday. This came after PM Narendra Modi urged citizens to reduce petrol and diesel consumption and defer gold purchases for a year amid Iran-US war. The fall also followed US President Donald Trump rejecting Iran’s response to a US peace proposal, which triggered crude oil price spike.
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News By: Anmol Sharma
12:24 pm Monday, 11 May 2026

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Gold prices fall slightly after PM urges Indians to cut consumption, list shows price in cities

Gold prices fell marginally on Monday after PM Narendra Modi urged Indians to reduce gold consumption amid the ongoing US-Iran war. On MCX, gold futures declined 0.35% to β‚Ή1,51,989/10 grams. In the physical market, 24K gold is trading at β‚Ή1,51,950 per 10 grams in Delhi, β‚Ή1,52,210 in Mumbai and β‚Ή1,52,370 in Bengaluru.
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News By: Anmol Sharma
03:28 pm Monday, 11 May 2026

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Sensex crashes over 1,300 points after PM Modi's appeal to shield India amid West Asia crisis

Sensex and Nifty fell over 1% to end in red on Monday, a day after PM Narendra Modi appealed to citizens to cut fuel consumption and help save foreign exchange to help shield India amid the West Asia crisis. While Sensex crashed over 1,300 points, Nifty fell to below 23,820 levels. Sun Pharma and Hindustan Unilever were among the gainers.
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News By: Medhaa Gupta
03:52 pm Monday, 11 May 2026

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PM Modi mentions COVID-19 pandemic as he says 'India will surely overcome West Asia crisis'

PM Narendra Modi has said, "If COVID-19 pandemic was the biggest crisis of this century, then the situation created by West Asia war is one of the major crises of this decade." "We...overcame COVID-19, we will surely overcome this crisis as well," he added. "The government is...making efforts to ensure that its impact on people...is minimal," he further said.
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News By: Ankush Verma
08:26 pm Monday, 11 May 2026

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PM Modi urges schools to conduct online classes to save fuel

PM Narendra Modi has suggested that schools conduct online classes for some time to save fuel. He made this comment in Gujarat, where he once again supported the idea of remote working to deal with the crisis sparked by the Iran war. "Use the metro, make greater use of electric buses and public transport, and promote carpooling," he added.
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News By: Shalini ojha
09:35 pm Monday, 11 May 2026

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PM Modi urges schools to conduct online classes to save fuel

PM Narendra Modi has suggested that schools conduct online classes for some time to save fuel. He made this comment in Gujarat, where he once again supported the idea of remote working to deal with the crisis sparked by the Iran war. "Use the metro, make greater use of electric buses and public transport, and promote carpooling," he added.
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News By: Shalini ojha
09:35 pm Monday, 11 May 2026

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Pakistan uses 'bot farms' to manipulate social media, claims Israel PM Netanyahu

Israel's PM Benjamin Netanyahu has claimed that Pakistan uses "bot farms" to manipulate social media. Speaking in an interview with CBS News, Netanyahu alleged that fake online accounts were being used to spread anti-Israel narratives during the Gaza war. He said some posts appearing to come from Americans could allegedly be traced back "to some basement in Pakistan".
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News By: Dharini Mudgal
09:28 am Tuesday, 12 May 2026

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FIFA ready to slash WC TV rights price in China, no update on India yet: Report

With the World Cup 2026 set to begin on June 11, FIFA is willing to cut its original $300 million asking price for TV rights in China by over 50%, the South China Morning Post reported. The new figure is believed to be between $120 million-$150 million. However, there is still no update regarding the unsold television rights in India.
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News By: Pravel Jain
09:36 am Tuesday, 12 May 2026

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Who is Ali Al Zaidi, a businessman who never held public office but is US' pick to lead Iraq?

Donald Trump declared that the US is with Iraqi businessman Ali Al Zaidi "all the way", supporting him as Iraq's next PM, WSJ reported. Zaidi, who built his fortune in banking, satellite broadcasting and government contracts, has never held public office. He runs a bank that was barred from dollar system and has close contacts with Iranian President Masoud Pezeshkian.
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News By: Ashley Paul
09:34 am Tuesday, 12 May 2026

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Netizens slam Talwiinder for performing with Pak singer Hasan

Indian singer Talwiinder faced backlash after attending Pakistani artist Hasan Raheem’s concert in Toronto and performing alongside him on stage. Videos from the show have gone viral, and even Talwiinder posted pictures with Hasan on Instagram, writing, β€œWishes came true in Toronto.” One X user reacted, β€œSHAME ON THIS JOKER TALWINDER,” while others criticised his association with Hasan.
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News By: Unknown
09:31 am Tuesday, 12 May 2026

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Who are the richest newly elected MLAs in West Bengal Assembly?

BJP leader Dilip Saha, who won from Nabagram, is the richest newly elected MLA in West Bengal Assembly, with declared assets worth β‚Ή43.03 crore. TMC's Ahmed Javed Khan, representing Kasba seat, is the second richest MLA with declared assets worth β‚Ή39.53 crore. TMC's Bayron Biswas, who won from Sagardighi seat, is the third richest MLA with assets worth β‚Ή33.42 crore.
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News By: Saurav Joshi
09:54 am Tuesday, 12 May 2026

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WFI is a dictatorship, they are afraid that I will win medals again: Vinesh Phogat

Three-time Olympian Vinesh Phogat, who arrived in UP's Gonda despite being barred by WFI from Open National Ranking tournament, said WFI is a dictatorship. "They are afraid I'll win medals again...WFI wants to stop me from participating in Asian Games," she alleged. Vinesh recently revealed she's among six women wrestlers who were allegedly sexually harassed by ex-WFI President Brij Bhushan.
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News By: Anmol Sharma
09:54 am Tuesday, 12 May 2026

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Gen Z was targeted at TCS' Nashik unit for religious conversion: NCW

NCW's fact-finding committee said the accused in the TCS religious conversion and sexual harassment racket targeted Gen Z employees with anti-religious discourse at the Nashik office. It noted that many female victims were afraid to lodge complaints as the office saw systemic bullying, stalking and demeaning conduct. The accused bullied female employees by denigrating Hindu mythology, it added.
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News By: Ashley Paul
09:53 am Tuesday, 12 May 2026

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California Mayor secretly worked for China, pleads guilty

Eileen Wang has resigned as mayor of Arcadia, a city in California, after agreeing to plead guilty to acting as an illegal agent of the Chinese government. She was accused of carrying out directives from Chinese officials, including sharing articles favourable to Beijing, without notifying the US government, as required under American law. The 58-year-old was elected in November 2022.
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News By: Udit Gupta
10:14 am Tuesday, 12 May 2026

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Lamine Yamal waves Palestine flag during Barcelona's La Liga trophy parade

Spanish footballer Lamine Yamal was seen waving a Palestine flag during Barcelona's La Liga trophy parade on Monday. The video of the 18-year-old, whose parents are reportedly from Morocco and Equatorial Guinea, waving the flag has gone viral online. Notably, the Spanish city of Barcelona has been home to major anti-Israel or pro-Palestine protests since Israel launched attacks on Gaza.
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News By: Pravel Jain
10:04 am Tuesday, 12 May 2026

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Nvidia CEO Jensen Huang not invited to Trump's China trip: Report

Jensen Huang, CEO of world's most valuable firm Nvidia, isn't invited to join the delegation accompanying US President Donald Trump on his China trip this week, Reuters reported. Nvidia is central to the rivalry between the US and China over computer chips and AI. Meanwhile, billionaires Elon Musk, Tim Cook and other top executives are expected to join Trump.
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News By: Vaishnavi Mishra
10:21 am Tuesday, 12 May 2026

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CBI takes over probe into murder of Suvendu Adhikari's assistant Chandranath Rath

The CBI has taken over the probe into the murder of Chandranath Rath, who was personal assistant to West Bengal Chief Minister Suvendu Adhikari. The agency has formed a seven-member SIT to investigate the case. The move comes after West Bengal Police's Special Investigation Team arrested three alleged sharpshooters from Uttar Pradesh in connection with Rath's murder.
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News By: Anmol Sharma
10:17 am Tuesday, 12 May 2026

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