WebinarsNew
Explore Business Standard
US stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again. The S&P 500 jumped 1.8%, coming off a back-to-back drop that had yanked it back to where it was in early May. The Dow Jones Industrial Average leaped 929 points, or 1.9%, and the Nasdaq composite rallied 2.5%. Stocks immediately veered higher in midday trading after Trump said on his social media network that "discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved" and that the time and place of a signing will "be announced shortly." A deal to end the war with Iran could reopen the Strait of Hormuz and allow oil tankers to carry crude again from the Persian Gulf to customers worldwide. The price for a barrel of benchmark US crude sank 2.6% to $87.71. Brent crude, the ...
NASDAQ-listed travel booking platform MakeMyTrip on Monday announced a strategic partnership with Minor Hotels, a global hospitality group that operates more than 560 properties worldwide. The collaboration expands international stay options for Indian travellers across city hotels and resort destinations in Europe, Asia, and the Middle East when booked through the platform. It is part of MakeMyTrip's broader strategy to expand its direct international hotel inventory. Minor Hotels portfolio, including Anantara Hotels & Resorts, Elewana Collection, The Wolseley Hotels, Tivoli Hotels & Resorts, Minor Reserve Collection, NH Collection Hotels & Resorts, nhow Hotels & Resorts, Avani Hotels & Resorts, Colbert Collection, NH Hotels & Resorts, Oaks Hotels, Resorts & Suites and iStay Hotels. Currently, 60 Minor Hotels properties are live on the MakeMyTrip platform, with the listing expected to scale rapidly across Minor Hotels' wider global portfolio. Rajesh Magow,