Sitharaman said the new measures were a beginning of a broader strategy to draw international capital back into India. Terming the recent measures to attract foreign capital as the “first step”, Finance minister Nirmala Sitharaman on Monday said that India is preparing for exigencies in wake of the ongoing geopolitical crisis and US-Iran conflict.Sitharaman described…
The borrowing pushed the USD1 pool to 93% utilization, meaning retail depositors who had lent USD1 to the pool expecting to withdraw at will could not do so until the loans were repaid. WLFI repaid $25 million of the position, then minted $25 million in fresh USD1 days later, actively managing the token’s supply through…
Individuals not having business or professional income enjoy greater flexibility, as they can opt between the new and old tax regimes every year. (AI image) ITR filing FY 2025-26: A choice between the old and new income tax regime is an important one – which one saves you more tax? But the answer to that…
NEW DELHI: The iconic “Dancing Girl” of Mohenjo-daro, one of the most celebrated artefacts of the Indus Valley Civilisation, appeared in an altered form in the NCERT’s new Class 9 arts textbook, with its traditionally bare torso visually covered, sparking debate over the representation.The 4,500-year-old bronze figurine, traditionally depicted with its bare torso visible, appears…
ARK Invest bought nearly 3.3 million shares of SpaceX (SPCX) as Elon Musk’s company went public in the largest IPO ever on Friday, building a stake worth more than $500 million by the end of the day. The shares, priced at $135 for the sale, closed at $160.95, rising more than 19.2% on their first…
An Indian national was arrested in Nepal’s Lumbini Province on Monday after police allegedly recovered narcotic drugs concealed inside his undergarments, according to Nepal Police.The arrested individual was identified as Mohmad Rijwan, 40, a resident of Uttar Pradesh in India. He was detained during a security check in Nepalgunj Sub-metropolitan City, police said in a…
Wholesale inflation accelerated as higher prices of fuel, power, manufactured goods and food items pushed up input costs across the economy. (AI image) US-Iran war impact: Reflecting the impact of the US-Iran conflict, the Wholesale Price Index (WPI) inflation for the month of May rose sharply to 9.68% from 8.26% in April. This is the…
Jairam Ramesh; PM Narendra Modi NEW DELHI: The Congress on Monday welcomed US President Donald Trump’s announcement of a peace agreement between the United States and Iran but criticised Prime Minister Narendra Modi for his “blind devotion” to Israel.Congress MP Jairam Ramesh cited Prime Minister Modi’s visit to Israel just days before it launched strikes…
These carry trades have helped fuel bull markets on Wall Street and in government bond markets across the advanced world for years. Some analysts believe they have also supported crypto markets. As a result, a sharp unwinding could destabilize markets broadly, including bitcoin. The current setup is strikingly similar to the one preceding the BOJ’s…
Uttar Pradesh CM Yogi to felicitate farmers who gave land for Noida International Airport LUCKNOW: Following the commencement of commercial flight operations at Noida International Airport in Jewar on Monday, Uttar Pradesh Chief Minister Yogi Adityanath is set to felicitate farmers who contributed their land for the project upon their arrival in Lucknow on the…
