treasuries

Adani Enterprises has agreed to a $275 million settlement with the US Treasury over alleged violations of sanctions involving Iran. The company reportedly purchased liquefied petroleum gas from a Dubai trader that was actually sourced from Iran. This settlement occurs alongside other legal proceedings involving Gautam Adani in the US.

US stock indexes traded mixed as easing Treasury yields and lower oil prices calmed investor concerns following last week's bond selloff. The Dow Jones Industrial Average saw gains, while the S&P 500 edged up and the Nasdaq Composite slipped. Investors are now closely watching upcoming corporate earnings, with Nvidia and Walmart set to report.

In a determined effort to get to the bottom of suspected illicit fund withdrawals from the Bokaro treasury, Excise Secretary Amitabh Kaushal leads a specialized task force. This investigation, prompted by state authorities, involves a thorough analysis of extensive financial and administrative records related to police and treasury activities.

US Secretary of the Treasury, Scott Bessent, on Wednesday, praised Japan's economic resilience and highlighted the importance of economic security during meetings with senior Japanese leaders on Tuesday as part of his Asia visit. The visit came ahead of US President Donald Trump's upcoming summit with Chinese President Xi Jinping in Beijing from May 13-15.

US stocks edged higher, nearing record highs as easing bond market pressure and strong corporate earnings bolstered investor sentiment. Treasury yields slightly retreated, offering relief from rising borrowing costs. Oil prices also declined, though gasoline prices continued to climb. Investor focus now shifts to Nvidia's upcoming earnings report.

The Indian rupee hit an all-time low against the US dollar on Wednesday, pressured by soaring oil prices and rising US Treasury yields. Geopolitical tensions and potential global rate hikes further weakened emerging market currencies. Analysts warn of continued pressure on the rupee, with forecasts revised upwards. Reserve Bank of India interventions helped curb the decline.

The Sensex tumbled over 1,000 points to slip below the 74,300 mark, while the Nifty 50 dropped more than 300 points to trade under 23,350. The steep decline erased nearly Rs 7 lakh crore from the total market capitalisation of BSE-listed companies, reducing it to around Rs 454 lakh crore.

Chinese satellite firm MizarVision, sanctioned by the US for allegedly supplying imagery of American military activity during the Iran conflict, has ingeniously turned the sanctions into a recruitment drive. The company posted a job advertisement featuring the US Treasury notice, inviting applicants who thrive under pressure and embrace strength.

Stocks of several Adani Group firms, including Adani Enterprises, Adani Green, Adani Power, Adani Ports, Adani Energy and Adani Total Gas, rose by as much as 3.5% after the case was effectively closed the securities and wire alleged fraud case in New York.

The meticulous counting of jewels and ornaments in Jagannath Temple's inner treasury, the Bhitara Bhandar, will resume on Monday and continue for two days. This crucial inventory, which began in April, was temporarily halted for religious rituals. The process, involving photography, videography, and 3D scanning, aims for a comprehensive cataloging of valuable items.