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 ...
The Greater Hyderabad Municipal Corporation (GHMC) on Saturday demolished certain structures adjacent to the Lotus Pond residence of former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy here.
According to a senior official of GHMC, the civic authorities removed the structures abutting the compound wall to carry out tiling work on the pavement in front of Jagan's residence.
The structures were being used by security personnel, he said.
An earthmover was used to remove the structures.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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