KOLKATA: Trinamool Congress was jolted Friday by speculation of an impending split in its parliamentary wing as several of the party’s 28 Lok Sabha MPs converged on Delhi, prompting party chief Mamata Banerjee to clip her nephew and national general secretary Abhishek Banerjee’s wings in a last-ditch attempt to stall a repeat of what the…
Bitcoin BTC$62,300.09 tumbled below $60,000 on Friday, breaking the lows of the early February crypto crash and reaching its weakest level since October 2024. The largest cryptocurrency is down nearly 20% in just the past week, and now has lost more than 52% since its October peak above $126,000. Bitcoin (BTC) price on June 5…
NEW DELHI: State-run Oil India Limited (OIL) Friday said it has reported the presence of natural gas in its third exploratory well in the Andaman shallow offshore block, further indicating hydrocarbon potential in the region.In a regulatory filing to stock exchanges, the company said natural gas was encountered in the exploratory well Vijayapuram-3, drilled 15…
MUMBAI: Caught between a slowing economy and the risk of a fresh price spiral triggered by the conflict in West Asia, the RBI on Friday left the repo rate unchanged at 5.25%, cut its growth forecast for FY27 and raised its inflation projections, while signalling that the inflation threat could broaden economy-wide beyond fuel and…
NEW DELHI: The Indian economy grew 7.8% in the Jan-March quarter as strong investment, sustained farm production and expansion of the construction and tertiary sector led to a robust demand, offsetting the anticipated adverse impact of the conflict in West Asia.Data released by the National Statistics Office (NSO) Friday with the revised 2022-23 base year…
Air Marshal Ashutosh Dixit New Delhi: Air Marshal Ashutosh Dixit, an ace fighter and a highly experienced test pilot, has been appointed the next Vice Chief of the Air Staff. He will assume his new charge on July 1.Currently, the Chief of Integrated Defence Staff (CISC) at Headquarters, Integrated Defence Staff, the officer has played…
MUMBAI: Bonds rallied after govt and RBI announced measures to encourage foreign investment in govt securities on Friday. The yields on benchmark 10-year govt securities (G-Secs) softened to 6.94% in early trades, from 6.99% on Thursday, after the govt said foreign portfolio investors (FPIs) would be exempted from long-term capital gains and withholding taxes on…
A set of seven crypto tax bills are being circulated in advance of a hearing of the U.S. House Ways and Means committee next week, with each of the legislative drafts tackling its own narrow aspect of digital assets tax treatment, including relaxing demands for taxes on small transactions and the assets gains in mining…
NEW DELHI: The Centre is ready to take more policy measures to help insulate the economy from the adverse impact of the West Asia conflict and will phase it out instead of rushing with announcements.The focus of these steps will be to ensure that there is enough availability of goods, raw material, inputs and finished…
MUMBAI: RBI has proposed tighter disclosure norms for deposit interest rates while allowing banks to price large deposits based on withdrawal risk, which will be a fourth factor for differential rates. Until now banks were allowed to offer differential rates based on tenor, size, and premature withdrawal conditions. These determine whether deposits qualify as bulk…
