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The proposal was suggested by the Reserve Bank of India and is currently under active consideration by the Finance Ministry. Looking to tackle foreign outflows and preserve forex, the government is weighing a major cut in the tax burden imposed on foreign investors investing in domestic bonds. Policymakers are looking to bring the country’s framework…
Shares of Strategy (MSTR) rose nearly 6% in post-market trading on Tuesday after MSCI said it would not move forward—for now—with plans to exclude digital asset treasury firms from its indexes. The move eases immediate pressure on companies like Strategy, which hold large amounts of bitcoin BTC$93,378.26 on their balance sheets but don’t directly operate…
NEW DELHI: The Supreme Court on Thursday took serious notice on Malda incident where seven judicial officers engaged in the special intensive revision (SIR) exercise were held hostage for several hours. The court also issued showcause notices to top West Bengal officials, including the chief secretary and DGP.The strong response came after reports that the…
Check out the companies making headlines before the bell. Bitcoin stocks — Stocks linked to the world’s oldest cryptocurrency were in the red as bitcoin plunged closer to $80,000 as investors fled risk assets. Digital asset mining companies American Bitcoin and Riot Platforms fell 2.4%, while Bitcoin treasury Strategy shed 2%. Galaxy Digital was down…
NEW DELHI: The Enforcement Directorate launched raids against the Al-Falah University in Faridabad along with its office in Okhla and the university’s promoters on Tuesday morning, PTI reported citing sources.The central agency has been conducting raids since 5am at 25 different places across the national capital, intensifying the Delhi car blast probe, ANI reported citing…
A resolution on general issues proposed at the CWC meeting invited a brief discussion after it blamed government for the situation in Bangladesh. However, CWC member Shashi Tharoor said the sentence needed to be rephrased as government or BJP could not be held responsible for the situation in the neighbouring country. Tharoor said government can…
Meet Mr Bipin. He is nearing 62. These days, he pauses before signing his name, his hand trembling as he tries to steady the pen. What was once a simple task now takes great effort. His movements have slowed, his steps have become shorter, and at times he shuffles or loses balance without warning.Mr Bipin,…
NEW DELHI: As the world grapples with the Strait of Hormuz crisis, Congress leader Jairam Ramesh on Tuesday drew parallels with the 1956 Suez Canal crisis, highlighting how India’s then-UN envoy, VK Krishna Menon, played a central role in the diplomatic efforts to resolve it.Menon later served as India’s defence minister but resigned after the…
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