Beyond Financial News

Emkay Investment Banking said on Thursday. While volatility has slowed activity on the deal street, the government’s divestment drive is expected to revive momentum. The Department of Investment and Public Asset Management (DIPAM) has set a divestment target of Rs 47,000 crore for fiscal year 2026, creating a significant opportunity for investment banks, Emkay said on the industry outlook.

Allahabad High Court ruled that grabbing a minor girl’s breasts, breaking her pyjama strings, and trying to drag her beneath the culvert is not enough to charge an accused with the offence of rape or an attempt to rape. It described such an act as 'aggravated sexual assault’, TOI reported. Making this observation, the high court modified a summoning order, altering the charges against two accused. The accused were earlier summoned to face trail under section 376 (rape) and under the POCSO Act. However, now the accused will be tried under the section 354(B) IPC (assault or use of criminal force with intent to disrobe) and POCSO Act (aggravated sexual assault). «The allegations levelled against the accused Pawan and Akash and the facts of the case hardly constitute an offence of attempt to rape in the case. In order to bring out a charge of attempt to rape the prosecution must establish that it had gone beyond the stage of preparation. The difference between preparation and actual attempt to commit an offence consists chiefly in the greater degree of determination,” a bench of Justice Ram Manohar Narayan Mishra observed, as it partly allowed the criminal revision plea filed by the three accused. As per the prosecution, the accused Pawan and Akash grabbed the breasts of the 11-year-old victim and one of them broke the string of her pyjama and tried to drag her beneath the culvert.

In IPL 2024, Kolkata Knight Riders (KKR) lifted their third title with a dominant bowling attack, where five bowlers claimed 17 or more wickets. As teams prepare for the challenge, the competition for the Purple Cap—awarded to the tournament’s highest wicket-taker—is expected to be fierce. The accolade is more than just a statistic; it highlights the impact bowlers have in their team’s journey toward the playoffs and beyond. With a mix of experienced pacers and rising stars, IPL 2025 will see another competitive race for the Purple Cap. Here are the top 10 contenders for the IPL 2025 Purple Cap

Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year in the context of slowing economic growth and, eventually, a downturn in inflation. Taking stock of the Trump administration's rollout of tariffs, Fed officials actually marked up their outlook for inflation this year, with their preferred measure of price increases expected to end the year at 2.7% versus the 2.5% pace anticipated in December. The Fed targets inflation at 2%.

Aaryan Shukla, the 14-year-old 'human calculator', the teenager took to social media to reveal the secret behind his talent. «Thank you very much Sir. I am a Mental Calculator (Human Calculator). The technique is called „Flash Anzan“ where you have to process the numbers flashing on the screen at lightning speed. The base is Abacus. While I have been training for last 8 years to achieve this. Thanks!» said Aaryan Shukla in reply to Anand Mahindra.

Gold price on Wednesday fell, as some profit-booking kicked in after prices scaled a record peak, while focus shifted to U.S. Federal Reserve policy decision due later in the day. Spot gold fell 0.2 per cent to $3,027.89 an ounce, as of 0930 GMT, after hitting an all-time peak of $3,045.24 earlier in the session. U.S. gold futures shed 0.1 per cent to $3,036.60. There is a possibility of profit booking because the price rally was quite sharp, but «it's possible for prices to move beyond $3,050 level driven by market fears in terms of geopolitics,» said Soni Kumari, a commodity strategist at ANZ. Gold, considered a safe investment amid periods of uncertainties, has scaled 15 record highs so far this year. Investors are worried about an economic slowdown and elevated risks of recession due to U.S. President Donald Trump's tariff policy. While, conflict in the Israel has resumed after attacks on the Gaza Strip.

«Now the valuations are not very attractive at this point of time because all these positive news, the hike which the steel mills have taken are in the price,» says Aditya Welekar, Axis Securities. Given that the industry was rallying for 25%, but expectation was about, 10 to 15 is going to actually come in in terms of safeguard duty. Tell me, how does this really move the needle, if at all, for the steel industry? Aditya Welekar: So, I guess you summarised it, so the expectation was quite higher, 20% to 25%, and the outcome of 12% is slightly below that. And part of it, which I want to highlight, is that in the first week of March, those steel mills have already taken price hikes in the tune of Rs 1000 to Rs 1500 for the flat HRC, that is hot rolled coils and cold rolled coils. So, with that backdrop, the stocks have already anticipated that such a move should come and the share prices have reflected that partly.

Subscribe to enjoy similar stories. At every dinner party, Aaron ‘Ronnie’ Chatterji, OpenAI's first chief economist, faces a typical question: “Is AI going to affect my job? What’s it going to do to the economy?" He says it's hard to give a straight answer simply because of the widely varying predictions. “Some Nobel Prize-winning economists estimate AI’s impact on GDP in the low single digits, while others expect double-digit growth.

SpaceX Crew Dragon capsule carrying the four Crew-9 astronauts has successfully splashed down off the coast of Tallahassee, Florida. The waters appear calm, with NASA’s Sandra Jones describing “breathtaking views of a calm, glass-like ocean” just before touchdown. SpaceX’s recovery teams are now moving in, preparing to hoist the spacecraft onto a specialized rig known as the “Dragon’s nest.”

Donald Trump’s second term, his partnership with Elon Musk continues to baffle political observers as the duo doubles down on their public camaraderie. This week, Trump flaunted his support for Musk by showcasing Tesla vehicles on the White House lawn, declaring plans to purchase one for official use. Hailing Musk as a “patriot,” Trump’s endorsement drew swift backlash from critics who called it a blatant promotion of Musk’s corporate interests.

Subscribe to enjoy similar stories. Las Vegas, USA: Adobe Inc has become the latest company to join the bandwagon to offer artificial intelligence services with its agentic AI platform as the technology firm diversifies beyond its core offering.

The FIIs complemented the domestic institutional investors (DIIs) who purchased shares worth Rs 2,534.75 crore today.

advance income tax for FY 2024-25 but you can still pay the last quarter’s due advance tax. This payment will attract interest under Section 234C. However, despite this interest amount you will end up paying less than what you would pay after 31 March. In case you do not pay the last quarter’s advance tax by March 31, 2025 then additional interest under Section 234B will also be levied from April 1, 2025. Advance tax has to be paid by every taxpayer whose total tax liability is above Rs 10,000 in a financial year. To save on unnecessary interest cost, you must pay it now if possible.

Pallavi, turned the tables on the sharks in the latest episode of Shark Tank India. Walking into the tank seeking investment for her biodegradable plastics business, she left with a deal far beyond her original ask. The judges, known for grilling contestants, found themselves in an unexpected bidding war, each vying for a piece of her “earth-shattering” innovation. Pallavi’s startup specializes in biodegradable plastics that are not only environmentally friendly but also significantly cheaper than existing alternatives. Her products have already gained traction, securing deals with major clients like Maruti Suzuki and Berger Paints. But what truly set her apart was the immense potential of her technology, which extends beyond plastics to paints and emulsions. Recognizing the scale of her vision, investor Anupam Mittal of Shaadi.com described it as a once-in-50-year breakthrough, comparing it to transformative inventions like the telegraph and computer chips.

Subscribe to enjoy similar stories. Mumbai: State-owned Bank of India is looking to go beyond its comfort zone of lending to companies with the highest credit ratings to shore up its margins, which is already under pressure and could sink further following the Reserve Bank’s rate cut. Chief executive Rajneesh Karnatak said in an interview withMint that the bank is looking for companies rated ‘BBB’ or ‘A’ to lend to, as those rated ‘AA’ or above have more bargaining power on lending rates.

Warren Buffett's love for Japanese stocks grows fonder even as he increasingly sells U.S. equities.

Sunita Williams floating effortlessly in the microgravity environment of the International Space Station (ISS). Her hair, a striking mane of salt-and-pepper curls, moved freely around her head, completely unaffected by gravity. For many, this image might raise an interesting question, how do astronauts manage their hair in space? It turns out haircare is just as essential beyond Earth as it is on the ground.

The S&P 500 down 6% since his inauguration as investors are withdrawing funds from the US and investing them in stocks abroad, reported New York Times.

Seven months after $4.5 billion was newly injected into the Vayupak Fund, analysts have been left perplexed by how little it’s helped the benchmark SET Index. The stock gauge has tumbled more than 16% this year, making it the world’s worst performer among 92 indexes tracked by Bloomberg. Over the past 12 months, foreigners pulled out $4.2 billion, the most across Southeast Asia.

Labour government will on Monday set out details of how it plans to slash red tape to boost business, as it struggles to deliver growth nine months after winning power. Chancellor Rachel Reeves' shake-up comes after Prime Minister Keir Starmer took aim at the nation's «flabby state», sparking anger from unions who called on him to avoid the «incendiary rhetoric» of Elon Musk's Department of Government Efficiency (Doge) in the US. The finance ministry said regulators would be summoned to the prime minister's Downing Street office on Monday to hear Reeves announce her «action plan to deliver on the pledge to cut the administrative cost of regulation on business by a quarter». The «radical» plan would cut «costly red tape» such as the «hundreds of pages of guidance on protecting bat habitats which goes far beyond legal requirements», said a statement, referring to the £100 million ($130 million) spent on a bat tunnel by the company building Britain's new high-speed HS2 train line. The tunnel has become a lightning rod for criticism of the planning system, with the Prime Minister describing it as «absurd».