‘He wanted dignified exit’: Firhad Hakim resigns as Kolkata mayor, TMC says Mamata Banerjee ‘permitted’ him to step aside | India News

Firhad Hakim (File photo) NEW DELHI: In another major setback to the Trinamool Congress (TMC), its senior leader Firhad Hakim on Wednesday resigned as mayor of the Kolkata Municipal Corporation (KMC), a post he had held since November 2018.The announcement was made by party spokesperson Kunal Ghosh.“Firhad Hakim requested our supremo Mamata Banerjee that he…

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‘We are real & main opposition’: Expelled TMC leader Ritabrata Banerjee claims speaker has accepted rebel group’s status | India News

NEW DELHI: In a major setback for Mamata Banerjee, expelled Trinamool Congress leader Ritabrata Banerjee claimed on Wednesday that assembly Speaker Rathindra Bose had appointed him as the leader of the opposition in the state assembly. Ritabrata further claimed that the Speaker has accepted the rebel group’s claim for legislature party status“We are real and…

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Why did TCS shares crash over 8% today? Stock logs worst single-day fall since Covid-era rout

Just a day after helping power a sharp rebound in technology stocks, Tata Consultancy Services (TCS) turned into one of Dalal Street’s biggest losers on Wednesday, with the stock plunging more than 8% in its steepest single-day decline since the Covid-driven market crash of March 2020.The sell-off erased the gains accumulated during the recent rally…

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Bitcoin falls to lowest Power Law valuation zone since FTX collapse

After briefly falling below $66,000 on Wednesday, bitcoin BTC$66,815.13 is trading near the bottom of the Power Law corridor, a level that has historically come shortly before rebounds in the price of the largest cryptocurrency. The model, popularized by physicist Giovanni Santostasi and refined by Porkopolis Economics, plots bitcoin’s price against time on a logarithmic…

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Dip in foreign investment is part of a self-correcting cycle : Bank of America’s Sahu

Vikram Sahu, India CEO and Country Executive, Bank of America, hosted the bank’s investor conference in India with foreign institutional investor participation rising 20% from the previous year. According to Sahu, despite the short-term challenges interest in India remains undiminished.Q. With the monetary policy committee meeting around the corner what do you expect from the…

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