Wall Street’s payments giants are not sold on crypto’s usefulness in everyday transactions — at least not yet. In earnings calls this week, both Visa and Mastercard executives offered cautious assessments of digital assets, especially stablecoins, signalling that consumer demand hasn’t necessarily materialized in meaningful ways. “As I’ve said before, in the U.S., if a…
NEW DELHI: Shaheen Malik does not call it a victory. When her petition came up before the Supreme Court on Tuesday, the Bench made observations that could reshape how acid attack cases are treated—flagging the need for “extraordinary punitive measures”, questioning why the assets of convicted attackers cannot be seized and auctioned to compensate victims,…
After spending most of the past decade being trounced by the U.S. stock market, international equities are back and investing experts say the opportunity should last. A brutal stretch of underperformance that lasted a decade ended in late 2024 and has sustained its momentum at the outset of 2026. After years of global allocations staying…
MUMBAI: The CEO of Niva Bupa Health Insurance said it is the cross-subsidisation of loss-making corporate group policies by retail health insurance, rather than high acquisition costs, that is weighing on retail insurance penetration.Krishnan Ramachandran, MD & CEO, Niva Bupa said insurers need to step up investments to expand retail health insurance and increase its…
The knee-jerk reaction to Donald Trump’s pick of Kevin Warsh to replace Jerome Powell as chairman of the Federal Reserve is that the president made the most hawkish selection among the four reported finalists for the job. In the wake of last night’s leak that Warsh was to be the choice, risk markets — crypto…
Congress MP Gaurav Gogoi, who represents Assam’s Jorhat constituency, on Friday sharply criticised chief minister Himanta Biswa Sarma over his “Miya Muslims” remarks, accusing him of “misusing” the name of the Supreme Court to justify his statements and calling his claims a “blatant lie.”In a post on X, Gogoi described Sarma’s politics as driven by…
Financial markets took President Donald Trump’s pick of Kevin Warsh as the next Federal Reserve chair largely in stride, a sign investors see the former Fed governor as a credible steward of monetary policy despite expectations he may push for lower rates. Treasury yields were little changed on Friday immediately following the announcement, a sign…
NEW DELHI: High railway freight rates arising from cross-subsidisation are distorting competition with road transport, pushing up commodity prices, consumer inflation, and overall logistics costs, the Economic Survey 2025–26 highlighted.Reiterating the proposal in the Electricity Amendment Bill, 2026, the survey recommended the complete elimination of cross-subsidies for railways and the manufacturing sector within the next…
President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led…
The BJP launched a nationwide campaign to explain the Union Budget 2026 to the public, with press conferences reportedly planned at 150 locations featuring ministers and party leaders from February 1-15. The party will combine traditional outreach with digital campaigns.A special team led by National General Secretary Tarun Chugh will oversee the ‘Budget Outreach Campaign…
