NEW DELHI: Traversing all three levels of the judicial system and over four decades later, the curtains came down on a smuggling case – illegal import of 777 foreign-made wristwatches – on Feb 23, as Supreme Court held the three accused guilty, but said sending them to jail again would be harsh in view of…
NEW DELHI: The railways is looking at bearing the nearly Rs 90,000 crore additional (83% escalation) cost for the Ahmedabad-Mumbai Bullet train project and won’t seek further loan from Japan International Cooperation Agency (JICA). The project cost has increased from Rs 1.1 lakh crore to Rs 1.98 lakh crore because of delays and other reasons.The…
NEW DELHI: A special NIA court hearing the Pahalgam terror attack case in Jammu has issued a letter rogatory to the authorities concerned in China, seeking assistance to trace the supply chain and end-user details of a GoPro Hero Black 12 camera seized as part of the NIA investigation. Its purpose is to establish details…
Investors are wondering if buying the dip when war breaks out will work this time around as the conflict between the U.S. and Iran grows. The old Wall Street adage “buy the cannons, sell the trumpets” suggests that traders might race to pick up stocks in reaction to war headlines, expecting a rebound. But the…
MUMBAI: India’s trade and energy supplies face fresh risks after reinsurers and Protection & Indemnity (P&I) clubs announced cancellation of war risk insurance for vessels transiting the Strait of Hormuz and Iranian waters, following an escalation in the Iran conflict. The cancellations, effective from this week, have left over 150 vessels stranded and disrupted a…
JPMorgan Chase CEO Jamie Dimon said banks want stablecoin issuers that pay interest on customer balances to face the same rules as traditional lenders, sharpening an ongoing debate over U.S. crypto legislation. In an interview with CNBC on Tuesday, Dimon addressed reported tensions with Coinbase CEO Brian Armstrong, who pulled support for the proposed CLARITY…
NEW DELHI: Indian Youth Congress president Uday Bhanu Chib was released from Tihar jail on Tuesday, days after being granted bail in connection with a protest at Bharat Mandapam during the AI Impact Summit.Speaking after his release, Chib said the Congress and its youth wing would continue to oppose the India-US deal, which he alleged…
Jon Gray, President and COO of Blackstone, speaks during the Axios BFD event in New York City, U.S., October 12, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Blackstone president Jon Gray on Tuesday defended the quality of loans within the firm’s flagship private credit fund after investors pulled nearly 8% from it in the last…
Image used for representative purposes NEW DELHI: Amid the escalating tensions in the West Asia region, the Indian govt has set up an inter-ministerial group that’s monitoring the situation particulary to assess any hurdles in India’s trade and shipping.“We have set up an inter-ministerial group that meets on a daily basis and is closely monitoring…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1924.9, down 3.3% (-66.23) since 4 p.m. ET on Monday. One of the 20 assets are trading higher. Leaders: NEAR (+1.3%) and CRO (-1.6%). Laggards: AAVE (-10.0%) and ADA…
