vrinda sharma

New bird flu cases hit New York City zoos

The nationwide bird flu outbreak has hit two New York City zoos amid growing concern about the virus dangers and a sharp rise in egg prices. NBC News’ Shaquille Brewster reports.  NBC News Health ​The nationwide bird flu outbreak has hit two New York City zoos amid growing concern about the virus dangers and a sharp…

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‘Indirect’ hurdle is posing problems to overseas fund managers’ India plans

The Finance Bill’s restriction on resident Indians investing more than 5% indirectly in offshore funds is hindering global fund managers from moving to India. This 5% limit, aimed at preventing round-tripping, is difficult to track and deterring fund management activity in GIFT City. The Finance Bill’s restriction on resident Indians investing more than 5% indirectly in…

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Govt keeps eye on rate transmission

The government is meticulously watching banks to ensure the transmission of the recent RBI rate cut to borrowers, as officials warn that insufficient rate cuts would be addressed. The RBI’s quarter-percentage-point cut aims to reduce borrowing costs, but historical precedents show mixed transmission effectiveness. The government is meticulously watching banks to ensure the transmission of the…

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Trent may be losing favour with investors

Trent shares tumbled 8.3% on Thursday after its third quarter results, but regained some of the losses on Friday, rising 3.1% to close at ₹5,440. So far this year, Trent has plunged over 23.3% while Nifty declined 0.34% in the same period. Trent shares tumbled 8.3% on Thursday after its third quarter results, but regained some…

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