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Govt panel considering major cut to food weighting in new CPI basket

The panel, under the statistics ministry, is discussing a proposal to reduce the weight of food in the consumer price basket by as much as 8 percentage points

US elections: Harris' VP pick Walz's history with China may prove awkward

His interest in the country has also extended to policy-making, with Walz cosponsoring numerous pieces of legislation in the US House, including the Hong Kong Human Rights and Democracy Act of 2017

Nobel winner Yunus to lead B'desh's interim govt after shunning politics

Muhammad Yunus, whose work alleviating poverty won him a Nobel Peace Prize, was named the head of a new interim government on Tuesday following the sudden ouster of Sheikh Hasina as prime minister

Bangladesh dissolves national parliament, paving way for new government

Thousands of jailed protesters were freed, as well as Hasina's rival and opposition leader Khaleda Zia - a former prime minister herself

SBI pushes into wealth management with vigour as wealthy people surge

SBI will face competition from global players like HSBC Holdings Plc and Barclays Plc, and local veterans like 360 One WAM Ltd

Downfall of B'desh's iron lady Hasina marks the culmination of a new nation

Her sudden departure marked the end of a run that saw Hasina, 76, turn Bangladesh into both an economic success story and a case study in the pitfalls of authoritarian rule

Google illegally monopolised search through exclusive deals, rules US judge

By monopolising distribution on phones and browsers, Google has been able to consistently raise the prices of online advertising

$6.4 trn stock wipeout has traders fearing the start of a 'great unwind'

Whether Monday's wild gyrations mark the final bang of a global selloff that started to build last week or signal the beginning of a protracted slump is impossible to know

US, allies push to avert possible Mideast war amid heightened tensions

The focus has been to prepare for and possibly blunt an attack by Iran, which has warned it will respond after blaming Israel for killing a top Hamas political leader, Ismail Haniyeh, in a government

People power wins in Bangladesh as Hasina's 15-yr long rule comes to an end

In the last decade Hasina's rule was marked by protests against an increasingly authoritarian regime

Elon Musk's X to shut San Francisco office, workers to be relocated

Musk, who acquired the company in 2022, has been vocal about his disdain for San Francisco and previously blamed the city's left-leaning culture for making Twitter too liberal

Stock rout in Japan wipes out $15 bn of SoftBank Group Corp's value

The technology giant's stock fell 19 per cent, the worst performance since SoftBank listed on the Tokyo Stock Exchange in 1998

Hamas chief assassination: Iran pledges to punish Israel, but softens tone

Tehran, which had already vowed revenge for the killing of Ismail Haniyeh, said it aimed to deter Israel from repeating similar moves

Govt bonds receive $1 billion inflow as investors shrug off curbs

Offshore investors bought Rs 90.9 billion ($1.1 billion) of the so-called fully accessible route bonds in the week through Aug. 2

Infosys coded tax network in India, it got a Rs 32,400 cr GST notice

Infosys said Wednesday it has paid all that it is legally required to - and even investors don't believe that India's second-largest software exporter needs to provide for the alleged liability

India Inc braces for share buyback rush ahead of changes to tax rules

At least 11 firms, including Indus Towers Ltd., have or are set to approve share buybacks shortly after the new regime was proposed in the budget on July 23

Rupee expected to decline further as policy shift comes into focus

The currency tested successive lows in recent days amid outflows from local stocks following a hike in equity taxes

Israel braces for Iran attack as US urges Gaza cease-fire as tensions rise

Netanyahu said the problem is that Hamas keeps changing its demands. Others say Israel has done the same, making a deal harder

US election: Harris meets with possible running mates as her decision nears

To be sure, Harris also spoke with other contenders, just not in person, the people said

Elon Musk's Neuralink device implanted successfully in second patient

Musk provided few details about the surgery, which had to be postponed after the patient originally scheduled for the second procedure had to withdraw in June due to an unspecified medical condition