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17.03 / 20:15
COST Platform security innovations Department prevention Public Sector Banks must focus on capital strength, cost efficiency: Govt
Public sector banks must plan for appropriate and timely capital raising and strive to reduce intermediation costs to make banking products and services, particularly credit-related, affordable to the public, said M Nagaraju, secretary of the department of financial services on Monday. He was addressing bankers at the 77th annual general meeting of the Indian Banks' Association (IBA). «Each bank needs to identify its focus on building capacity and planning road maps for appropriate and timely capital raising or efficient allocation of resources, besides striving to bring down intermediation costs,» Nagaraju said. Speaking at the same event, State Bank of India chairman CS Setty said as new and unfamiliar industries emerge, banks must develop the expertise to assess these evolving business models and lending risks.
17.03 / 20:15
markets UPS Strategy Allianz reports Bajaj Allianz breaks up in Rs 24,000-crore deal
Bajaj Finserv has signed a binding agreement to acquire Allianz SE’s 26% stake in its life and general insurance ventures for ₹24,180 crore, ending a 24-year-old partnership. The buyout, priced at ₹13,780 crore for Bajaj Allianz General Insurance Company and ₹10,400 crore for Bajaj Allianz Life Insurance Company, will take the Bajaj Group’s holding from 74% to full ownership, the company said in a stock exchange filing on Monday. Allianz said it will explore “reinvestment of sale proceeds into potential new opportunities in India.” The deal, subject to approvals from Competition Commission of India and insurance regulator IRDA, may see Allianz receiving proceeds in multiple tranches.
17.03 / 20:15
Provident security Duke information reports Department Will he be deported? Prince Harry’s visa records to be unsealed after judge’s ruling sparks frenzy over alleged drug use deception
Prince Harry's US visa records will be partially unsealed, reigniting speculation about whether he misrepresented his past drug use. While some believe this could lead to deportation, the controversy continues to elicit debate. The decision comes after a legal battle over whether the Duke of Sussex received special treatment during his immigration process.
17.03 / 20:15
Election President Inside stars reports Interviews Who is Alexandria Ocascio-Cortez? The 35-year-old Democrat who could be the party's candidate for 2028 U.S elections; fans tout her as the next Barack Obama
Alexandria Ocasio-Cortez (AOC), a 35-year-old New York congresswoman, could become the Democratic Party's candidate for the 2028 US elections after she has recently gained popularity as she might best represent the Democratic voters, according to the Axios reporter Alex Isenstadt, reported The Wrap.
17.03 / 20:15
WhatsApp Prudential steps on retail, NBFC loans helped lower risks: RBI
credit offtake, which was largely fuelled by uncollateralised retail advances. Those steps appear to have helped derisk the broader credit environment, as higher risk weights tied to such exposures helped limit loan disbursements. Expansion in credit card dues, as high as 34% in November 2023, declined to 13% in January 2025. Similarly, loans to nonbank lenders, which climbed 21.5% in November 2023, expanded 7.7% in January 2025. In November 2023, the Reserve Bank of India (RBI) increased risk weights on loans to non-banking financial companies (NBFCs), unsecured loans, and credit cards.
17.03 / 19:47
markets Citi Manufacturing Volkswagen economy Audi country Audi announces massive job cuts, sends big message to luxury car industry
Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing «immense challenges» as the country's auto industry battles slowing electric vehicle demand and rising Chinese competition. The cuts — amounting to about eight percent of Audi's global workforce — were aimed at boosting «productivity, speed and flexibility» at its factories in its home market, the manufacturer said. «The economic conditions are becoming increasingly tougher, competitive pressure and political uncertainties are presenting the company with immense challenges,» Audi, a subsidiary of Volkswagen, said in a statement. It is the latest bad news from the ailing auto sector in Europe's biggest economy, which has been hit hard by a stuttering shift to electric cars, fierce competition in key market China from local rivals and weak demand. Audi, headquartered in the Bavarian city of Ingolstadt, said the cuts would be in areas like administration and development and be carried out in a «socially responsible» manner, meaning there would be no compulsory redundancies.
17.03 / 19:47
Remark WhatsApp Freedom Justice Courts International SC stresses media freedom, criticises HC gag orders
Supreme Court on Monday emphasised the importance of maintaining «freedom of media,» stating that courts should not issue "gag orders" that restrict this freedom. The remarks came during the hearing of a plea filed by the Wikimedia Foundation (Wikipedia) challenging a Delhi High Court order to take down a page titled "Asian News International versus Wikimedia Foundation." The Supreme Court issued a notice to ANI, which filed a defamation case against Wikipedia. The Bench, led by Justice A.S.
17.03 / 19:47
Election WhatsApp reports Courts SC notice to Centre on PIL over CAG appointments
Centre for Public Interest Litigation (CPIL), calls for the creation of an independent committee, comprising the Prime Minister, Leader of Opposition, and Chief Justice of India, to appoint the CAG. The petitioner argued that the current selection process undermines the independence of the CAG. Advocate Prashant Bhushan claimed that the CAG's independence has diminished in recent years, pointing to a decline in reports and audits, especially in states ruled by the BJP.
17.03 / 19:47
Target Cooper Booking Assurant Parke Videos peace Riots erupt in Nagpur after VHP rally, rumours of holy book burning
Locals speculated that rumors of the Quran being burned during the protests triggered the violence, which eventually turned into a full-scale riot. Union Minister Nitin Gadkari, in a video statement, urged the public not to believe the rumors and to restore peace, emphasizing Nagpur's longstanding reputation for calm. While the police contained one group, the other continued to attack officers and vandalize vehicles, forcing authorities to fire tear gas shells.
17.03 / 19:47
Booking Justice Diversity stage Courts Investigations Scandals Courts must take a 'strict approach' in economic offences, says SC
illegal land allotment scandal. Sharma stands booked by the Enforcement Directorate (ED) on charges of money laundering in the said scandal. Sharma had petitioned the top Court seeking discharge from the case.
17.03 / 19:47
UPS pandemic Trade show electronic February trade deficit at 3.5-year low, exports continue fall
The ministry has also estimated a $4.43 billion trade surplus in goods and services in February, the first surplus after the Covid-19 pandemic. In February, India’s gold imports slipped to $2.3 billion from the past month’s $2.68 billion. Meanwhile, crude oil imports dropped to $11.8 billion from $13.4 billion in January, data showed. Sequentially, goods exports were up 1.31% from January 2025. “This was a difficult year for us for trade. We are positively moving in the direction of above $800 billion exports,” said commerce secretary Sunil Barthwal, adding that services exports are growing above 14%. Live Events E
17.03 / 19:47
markets Aware Manufacturing Strategy track country information Ford may use Chennai unit for engine exports
Ford is understood to have finalised plans to use its mothballed factory near Chennai to manufacture and export engines and related components, people aware of the development told ET. Details of the plan will be announced in the second quarter of this year, they said. Vehicle manufacturing is not part of the India strategy. “Ford is going to be making engines at the Chennai plant,” one of the people said. “It (the facility) will be repurposed for export-focused production. This decision is part of Ford's broader global strategy.”
17.03 / 19:47
markets COST UPS economy Cycling RBI liquidity boost may lower lending rates sooner than expected
Indian lenders as early as next month. Multiple-and simultaneous-central bank measures to boost systemic liquidity will help reduce the rates on instruments such as certificates of deposit (CD) and commercial paper (CP). Lower capital costs should also bring down lending rates earlier than expected. «The central bank's stance on liquidity management seems to have shifted toward 'accommodative' from 'neutral', as reflected in the large liquidity infusion through multiple tools,» said Soumyajit Niyogi, director-core analytical group at India Ratings. «If this continues, the overall rates in the economy, including lending rates by banks, may start softening.» However, the bet is on short-term rates easing first in FY26, when lower inflation is expected to help prolong the Reserve Bank of India's (RBI) easing cycle.
17.03 / 19:47
Election WhatsApp President stage hospital Modi to visit RSS HQ on March 30, a first by any PM
Narendra Modi is expected to visit the RSS headquarters in Nagpur at the end of this month, a development that will be closely watched in political circles. His visit is scheduled for March 30, the first day of the Hindu calendar.
17.03 / 17:55
UPS Waves Google CEO NVIDIA innovations Nvidia poised to shake up AI again with new chip unveiling at GTC by Jensen Huang; here’s what to expect from the tech giant’s game-changing innovations
Blackwell Ultra GB300 AI chip, developments in quantum computing, and new AI-driven innovations in robotics, autonomous systems, and data centers.
17.03 / 17:55
Boeing Food SpaceX hospital testing travelers After nine months in zero gravity—Sunita Williams, Butch Wilmore prepare for a gravity-shocking return
NASA astronauts Sunita Williams and Barry «Butch» Wilmore are set to return to Earth on 18 March after spending over nine months aboard the International Space Station (ISS). Their mission was extended due to propulsion issues with Boeing’s Starliner spacecraft, which was deemed unfit for their return journey. Instead, the astronauts will be flying back aboard SpaceX’s Crew Dragon, with splashdown expected near the Florida coast. Their journey home marks the end of an unusual mission. Williams and Wilmore had originally travelled to the ISS in June last year as part of the first crewed test flight of Boeing’s Starliner. However, multiple technical issues, including helium leaks and propulsion malfunctions, forced NASA to alter their return plans. The two astronauts were folded into the Crew-9 mission and had to wait for a safe return option.
17.03 / 17:55
Manufacturing Food reports Zomato faces insolvency plea over alleged Rs 1.64 crore unpaid dues
Zomato is facing an insolvency plea from uniform supplier Nona Lifestyle, alleging unpaid dues of Rs 1.64 crore, as reported by Bar and Bench on March 17. The National Company Law Tribunal (NCLT) has adjourned the case to April 3, requesting the petitioner to clarify its next steps. According to the report, B2B apparel manufacturer Nona Lifestyle has approached the NCLT to initiate the corporate insolvency resolution process (CIRP) against Zomato over alleged non-payment for supplied uniforms and merchandise, including ICC World Cup 2023 apparel.
17.03 / 17:55
Platform Hallmark film show Features Investigations International Mistletoe Murders Season 2: What we know about renewal
Hallmark Media has confirmed the renewal of Mistletoe Murders for a second season. The series will continue on Hallmark+, the network’s streaming platform.
17.03 / 17:55
Food Boxing CAT Virus isolate testing symptoms Savage Pet recalls some of its products in these states over fears of bird flu contamination
Savage Pet has recalled some products that are feared to be contaminated with bird flu. Savage Pet is in the process of recalling several boxes of cat food chicken from a specific lot as it may contain H5N1, or the bird flu, according to the US Food and Drug Administration (FDA). The brand is recalling 66 of its 84-oz Large Chicken Boxes and 74 of its 21-oz Small Chicken Boxes bearing the lot code/expiration date «11152026», the FDA said in a press release.
17.03 / 17:55
markets Booking Merit Trade Justice Courts Investigations SC upholds Bombay HC order for CBI SIT probe into Rs 2,434 cr Jai Corp fraud
However, a bench led by Justice JB Pardiwala said that Jai Corp and others are at liberty to seek quashing of the FIR filed by the Economic Offences Branch of CBI, Mumbai, before an appropriate court, which will decide the case uninfluenced by the HC observations. Senior counsel Harish Salve and counsel Mahesh Agarwal, appearing for Jai Corp and others, told the SC that the allegation made by activist petitioner Shoaib Richie Sequeira have already been considered by statutory regulator — SEBI, SAT, a coordinate bench of the Bombay High Court and also BSE, and each of them have not found any merit in these allegations.

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