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US-Iran Conflict, Oil Rally, Modi-Putin Talks, NSE IPO & More - The Week That Was

The week starting on September 7 remained highly volatile for markets with a mix of global uncertainty, rising oil prices and expectations of interest rates hike by US Federal Reserve, while corporate India saw several important developments. Here are few top stories from this week - US-Iran Conflict Tensions between US and Iran escalated again this week following a brief pause as US Central Command (CENTCOM) reported that the American forces attacked five Iranian oil tankers in the Gulf of Oman and near Kharg Island. Iran responded by launching ballistic missiles at a US base in Jordan and targeted multiple commercial and military vessels near the Strait of Hormuz. Oil Prices Cross $100 Oil prices rose over $100 a barrel this week, for the first time in nearly four months, even  hitting $109 before retreating on Friday. Crude prices are track for a weekly gain of around 8% to 9%.  Following this surge, benchmark indices such as Sensex and Nifty fell, posting consecutive ...

Replace Mumbai Unit Chief, Congress Leaders Write To M Kharge

Sixteen senior Maharashtra Congress leaders have written to party chief Mallikarjun Kharge demanding that its Mumbai unit chief Varsha Gaikwad be replaced to strengthen the party ahead of upcoming state poll.

The leaders complain that Ms Gaikwad, who recently won the Mumbai North Central Lok Sabha seat, does not have the time to work at the organisational level and have objected to her style of functioning, NDTV has learnt.

Mumbai North Lok Sabha seat's Congress candidate Bhushan Patil has also claimed he received no help from the city party unit.

These leaders, in a letter dated June 16, have sought time from the Congress leadership to discuss rejuvenation of the party in Mumbai ahead of the assembly elections, and the Mumbai civic polls which are overdue.

Signatories of the letter include Rajya Sabha MP and Congress Working Committee member Chandrakant Handore, former city party chiefs Janardhan Chandurkar and Bhai Jagtap, senior leaders Naseem Khan, Suresh Shetty, Madhu Chavan, Charansingh Sapra, Zakir Ahmed and Maharashtra Congress treasurer Amarjit Manhas.

"Recently, at a protest in connection with the UGC-NET exam chaos, Gaikwad did not call all party leaders at the city unit office. Hence they had to stage a separate protest in suburbs," reported news agency PTI citing a source. 

"It is now 13 months she is the city unit head, but she has not spearheaded any substantial activity to galvanize the party cadre," the news agency reported claimed citing the unnamed source.

A meeting related to Maharashtra is scheduled in Delhi on Tuesday.

In the 2019 Maharashtra assembly polls, the Congress won only 4 of the 36 seats in Mumbai.

During the recently-concluded Lok Sabha elections, the Congress secured 1 of the 2 seats it contested in the city.



from NDTV News- Special https://ift.tt/J2UfNhI

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