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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BTC claws back losses but remains trapped as crypto-equity divergence deepens

Bitcoin BTC$67,115.68 recovered 0.7% on Wednesday, but remains at a crucial crossroads after a 9.5% decline since Sunday. The largest cryptocurrency traded recently near $67,000, firmly in the middle of a range that persisted between February and April after a failed breakout attempt above $81,000 last month. If bitcoin tumbles below $60,000 it would probably…

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Why TMC revolt is about Abhishek Banerjee, not Mamata | India News

NEW DELHI: The rebellion within the Trinamool Congress (TMC) has deepened over the past week, with rebel MLAs backing expelled leader Ritabrata Banerjee for the post of leader of opposition and drawing comparisons with Maharashtra’s Shiv Sena split.But a closer look suggests the revolt may be less about challenging Mamata Banerjee‘s leadership and more about…

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US-Iran war: Rs 10,000 crore ATF Price Stabilization Fund approved for OMCs – how it aims to benefit airlines, passengers

The government said that due to the crisis in the Middle East, international ATF prices have increased 2.5 times. (AI image) Amid the prolonged Middle East conflict, the government has approved an Aviation Turbine Fuel (ATF) Price Stabilisation Fund to safeguard problems being faced by airlines, oil marketing companies and fliers. This will be a…

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Key Cabinet decisions: Rs 39,290 crore package get govt nod; ATF fund, coastal highway and Delhi-NCR vehicle scheme on list

The Union Cabinet on Wednesday approved a package of projects and schemes worth Rs 39,290 crore, spanning aviation, highway infrastructure and transport modernisation, with the largest allocation going towards the creation of an Aviation Turbine Fuel (ATF) Price Stabilisation Fund.According to details of the Cabinet decisions, the government approved a Rs 10,000 crore ATF Price…

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Pollution fight: Cabinet approves scheme worth Rs 5,041 crore to replace old trucks and buses in Delhi-NCR

In a major clean-air initiative aimed at reducing vehicular pollution in the National Capital Region, the Union Cabinet has approved a Rs 5,041 crore scheme to replace older trucks and buses in Delhi-NCR with cleaner BS-VI and electric vehicles, backed by a package of financial incentives for vehicle owners, Union minister Ashwini Vaishnaw said on…

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