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India's large caps stuck in 'bygone economic era', says Bernstein, as foreign investors head for the exit

Global brokerage Bernstein said foreign investors had little reason to invest in India as large businesses were struggling to reinvent themselves.

Bangladesh has appointed Foreign Secretary Asad Alam Siam as the country's next high commissioner to India, according to a report by Hindustan Times. This comes as both nations seek to mend strained relations following a challenging period. The formal agreement for Siam's appointment was handed to Bangladesh's foreign ministry on Tuesday, finalizing his posting.

The appointment is significant as Dhaka is sending one of its most senior diplomats at a time when both countries are striving to rebuild trust. Siam has held several high-ranking diplomatic positions, including ambassador to the United States, Austria, and the Philippines. His appointment follows India's recent appointment of Dinesh Trivedi, a former union minister, as its high commissioner to Bangladesh.

Both countries see these appointments as a positive step towards managing their difficult bilateral relations. The two missions in Delhi and Dhaka will be led by senior figures with substantial political and diplomatic experience. The appointment aims to address issues like Hasina's presence in India and the restoration of ties, paving the way for potential future visits.

Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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