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NEW DELHI: The Union Cabinet has approved infrastructure projects worth over Rs 31,000 crore, including construction of the country’s first road-cum-rail tunnel under the Brahmaputra in Assam. The twin-tube common tunnel with approach roads for movement of vehicles and trains, only the second in the world, would cost Rs 18,662 crore.It will connect Gohpur and…
Bank executives were sent scrambling over the weekend after President Donald Trump declared late Friday that American credit card companies would be subject to a 10% cap on the interest rate they can charge customers. The move sent shares of large banks including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America down between 1%…
Aam Aadmi Party (AAP) MLAs on Friday staged a protest outside the Delhi assembly against the state government. AAP MLA Sanjeev Jha accused the BJP-led state government of trying to divert attention from key issues in Delhi, such as law and order, contaminated water, pollution and the Yamuna by circulating a “fraudulent” video involving LoP…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Crypto markets in Asia are opening to a steadier BTC, but the…
Angela Honegger, CEO and Consul General of Swissnex with Karnataka S&T minister NS Boseraju at Vikas Soudha on Wednesday BENGALURU: Karnataka will soon have its own “Quantum Ecosystem Map” on the lines of Switzerland’s globally recognised “Swissnex Quantum Map”, which tracks research and industrial activity in the fast-growing field of quantum technology.Science and technology minister…
A decade from now, the fund you barely talked about will likely be the one that did most of the work. (AI image) Here’s a scene I’ve seen many times.A new investor starts a SIP. Within a month, the portfolio already has seven funds: a mid-cap, a small-cap, a PSU theme, a “manufacturing” theme, an…
The rupee pulled back from its weakest-ever level on Thursday, ending the day at 89.96 against the US dollar, a gain of 19 paise, as a softer dollar index and reports of the Reserve Bank of India’s intervention helped steady the currency. Traders said the US dollar lost ground after ADP non-farm payroll numbers came…
Bitcoin (BTC) erased much of its US-Iran war-driven gains this week, moving back in sync with the broader downtrend in risk assets, mainly US equities. Key takeaways: Bitcoin’s positive flip in S&P 500 correlation has historically preceded average declines of around 50% since 2018. BTC is exposed to a broader risk-asset sell-off due to rising…
