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digital payment system, experienced its second major outage within a week, disrupting transactions and frustrating users nationwide. According to Downdetector, a website that tracks service disruptions, outage reports peaked at 520 at 7:23 PM. Around 53% of reported issues were related to fund transfers, while 44% involved payment failures. On March 26, UPI users across the country faced difficulties executing transactions due to what the National Payments Corporation of India (NPCI) described as an «intermittent technical issue». NPCI, which operates the UPI network, acknowledged the issue and stated that the system has since been restored.

Adani Ports and Special Economic Zone (APSEZ) on Wednesday reported a 9% year-on-year jump in its March cargo volume at 41.5 MMT led by containers and liquids & gas, the company informed exchanges on Wednesday, while claiming the feat as its highest ever. «APSEZ handles all-time high cargo volume in Mar’25; Mundra becomes the first Indian port ever to cross 200 MMT annual cargo volume,» the filing said.

Subscribe to enjoy similar stories. Consumers continue to order in while watching the Indian Premier League (IPL) matches, and fast food chains continue to see year-on-year growth during the IPL season. India’s largest pizza chain, Domino’s, said there is no consumer fatigue when ordering in on key IPL days.

Subscribe to enjoy similar stories. New Delhi: India’s green financing push could gain new momentum this financial year, with the government exploring a plan to increase its ₹25,342.31 crore target for issuing sovereign green bonds, two people said. This suggests a turnaround in the government’s thinking from a few months earlier, when it was considering a plan to fall back on conventional government securities and other debt instruments for green financing as green bonds have delivered only modest returns.

Enforcement Directorate (ED) has turned its focus on funding from the US Agency for International Development (USAID) amid an ongoing investigation tied to investor and philantropist George Soros, TOI has reported. This scrutiny comes as the Trump administration has time and again criticized USAID for allegedly promoting a «left, liberal and woke» agenda abroad. The ED is currently investigating three Bengaluru-based companies for purported violations of the Foreign Exchange Management Act, specifically regarding the receipt of Rs 25 crore from the Soros Economic Development Fund (SEDF). Among these companies, ASAR Social Impact Advisors has also been noted for receiving Rs 8 crore from USAID as foreign inward remittance during FY23. The central agency is particularly interested in understanding the motives and purposes behind the payments made by USAID. Notably, the Open Society Foundations was categorized under the 'prior reference category' by the home ministry in 2016 due to concerns over «undesirable activities.» This classification mandates that it must obtain prior approval from the ministry before contributing funds to any Indian non-profit organization.

global trade tensions and sparking uncertainty in markets worldwide. These tariffs, designed to counter what Trump calls unfair trade practices, are expected to reshape global commerce in a significant way.

Parliament approved the the Immigration and Foreigners Bill as the Rajya Sabha gave its nod on Wednesday. The bill was passed in the Lok Sabha on March 28, with Home Minister Amit Shah asserting that while India welcomes individuals coming for business, education, and investment, those posing a threat to national security will face stringent action. During the debate in Lok Sabha, Shah had emphasised the bill is crucial for enhancing national security, boosting the economy, and promoting India's global standing in education. He noted that it will also help universities gain international recognition and strengthen the manufacturing and trade sectors. Shah explained that the legislation aims to ensure the country has up-to-date information on every foreigner visiting India, stating, «immigration is not an isolated subject; it is directly linked to various other issues. This bill will ensure close monitoring of everyone who visits India-why they visit and how long they stay.»

cost of living varies significantly between India and the United States, and this difference is best understood through Purchasing Power Parity (PPP). According to financial expert and CA Nitin Kaushik, an annual salary of Rs 23 lakh in India is equivalent to Rs 79 lakh in the US when considering lifestyle expenses. This staggering gap underscores the impact of PPP on real income and affordability.

The notices, which target individuals with little to no financial capacity, expose a troubling pattern of fraud involving stolen Aadhaar and PAN card details. Among the most cases reported so far is that of Karan Kumar, a 34-year-old sanitation worker who earns a modest Rs 15,000 per month at the State Bank of India’s Khair branch. On March 29, Karan received an Income Tax notice demanding an outrageous sum of Rs 33.88 crore. This demand, based on transactions carried out using his identity, came as a complete shock. According to Karan, Mahaveer Enterprises, a company dealing in petroleum and steel goods, had been using a forged PAN and Aadhaar card linked to his name for large-scale transactions in Delhi.

Subscribe to enjoy similar stories. Bengaluru: In the dying days of 2024, Bench Accounting, a Canadian software-as-a-service (SaaS) startup that offered accounting and tax reporting services to small and medium-sized businesses, went belly up. Given its high-profile backers, the shutdown came as a shock.

Subscribe to enjoy similar stories. New Delhi: As India braces for a hotter-than-normal summer, the railway ministry is set to increase the availability of rail rakes for coal transportation in FY26. The average number of rakes deployed is expected to rise to 470 daily from last year’s440 rakes, said two people in the know of the matter.

Trump Tariff News LIVE: US President Donald Trump is all set to announce reciprocal tariffs on 2 April, which will immediately come into effect. Donald Trump has styled the new US tariff plans as coming on America's "Liberation Day".Earlier, the White House had slammed India for imposing a 100 per cent tariff on America’s agricultural products and highlighted similar trade barriers in the EU, Japan, and Canada.According to reports, quoting US Treasury Secretary Scott Bessent, the US President will announce the tariffs in the Rose Garden of the White House at around 4 pm Washington time on April 2, which is 1:30 am IST on April 3.Experts suggested that US companies which import goods will have to pay the new taxes soon after the announcement, while alarming the situation raises the possibility of a recession in the US and in other countries.Stay tuned with Live Mint for all the LIVE action.“April 2, 2025, will go down as one of the most important days in modern American history," White House press secretary Karoline Leavitt said on Tuesday.Trump Tariff News LIVE: Donald Trump is expected to address the media at 4 pm ET on April 2, which is 1:30 am IST on April 3.Trump Tariff News LIVE: The Indian currency plunged on Wednesday with the markets awaiting for US President Donald Trump to announce US reciprocal tariffs.

Subscribe to enjoy similar stories. Investors in V-Mart Retail Ltd shares appear thrilled with its business update for the March quarter (Q4FY25) and are likely expecting another good year. V-Mart’s shares shot up over 10% on Wednesday.

Fawad Khan is all set to make a comeback to Hindi cinema after nine years. The Pakistani actor, whose last Bollywood release was 2016’s Ae Dil Hai Mushkil, will star opposite Vaani Kapoor in Abir Gulaal. The movie is set to hit theatres on May 9 this year. Ahead of Abir Gulaal’s release, there has been some controversy regarding Fawad Khan and allowing Pakistani artists to work in Indian films despite tensions between the two countries. The Maharashtra Navnirman Sena (MNS) has said that it will oppose the release of the film. Ameya Khopkar, the president of the MNS' cinema wing, said that the party will not let Abir Gulaal release in Maharashtra, PTI reported. While the controversy around Abir Gulaal continues, there are some films Fawad Khan fans can watch on OTT before the movie releases.

Devang Shah, Head, Fixed Income, Axis MF, says RBI has infused close to Rs 8 lakh crore of liquidity including the announcement on OMOs and this liquidity injection is very positive and near-term liquidity problems may get sorted out. In fact, Shah’s assessment is that from here till September, we will see a positive banking liquidity and a positive durable liquidity to upwards of around Rs 2-3 lakh crore. Now they will probably have to start looking at some bit of absorption of liquidity because liquidity should be in a decent surplus. We are looking at surplus liquidity coming into the system for the first time by the Reserve Bank of India. Do you think markets should now stop complaining? There is surplus liquidity in the system. Devang Shah: You are absolutely right. Last year, after the entire forex intervention and significant currency leakage, durable liquidity as well as banking liquidity, both had turned negative. If you look across from June to September 2024, post the RBI dividend declaration, we were in significant surplus liquidity. From there, we went into a massive deficit liquidity. Again, thanks to all the proactive measures which RBI collectively put together including tools like CRR, VRR, OMOs, as well as this entire facility on FX, RBI must have infused close to Rs 8 lakh crore of liquidity including the announcement on OMOs.

Visakhapatnam Port Authority (VPA) handled 82.62 MT of cargo during 2024-25, its highest ever, it said on Tuesday. The VPA termed it a “milestone unlocked” as it witnessed increased volumes across key cargo segments including crude oil, manganese ore, bauxite, rice and general cargo despite global trade fluctuations and logistical challenges. Visakhapatnam port also ranks among the world’s Top 20 container ports.

IDFC FIRST Bank on Wednesday said it has been authorised by Central Pension Accounting Office (CPAO) to disburse pensions on its behalf. This allows the bank to disburse pensions to central government pensioners including, All India Service Officers, former Members of Parliament, retired Judges of High Courts and Supreme Court, former Presidents and Vice Presidents of India, and officials of Civil Ministries and Departments (other than Railways, Posts, Telecom and Defence), the lender said in a release. «Pensioners can now receive their pension directly in their IDFC FIRST Bank savings account,» it said. From a technical point of view, the integration between the CPAO, GoI and IDFC FIRST Bank is complete and is ready for such pension disbursements, IDFC FIRST Bank said.

Poonam Gupta of NCAER was appointed as Reserve Bank of India's Deputy Governor, in place of Michael Patra. Poonam Gupta is a Lead Economist for India at the World Bank.

buying a home in India has been considered an essential life milestone. However, a shift in perspective is emerging, with many questioning whether homeownership is truly necessary. Hardik Joshi, a risk analyst, highlighted this change in a recent post, saying, “At some point, people stop saying ‘I must buy a house.’ And start asking ‘Is buying actually worth it?’”

Bharatiya Janata Party over the Waqf Amendment Bill, calling it a «part of the party's agenda of polarization.» Speaking with ANI, Rawat said, «Earlier also when amendments were made in the bill, questions were raised and we resolved them through discussions but you (government) are not resolving them...It seems that this is also a part of the BJP's agenda of polarization.» Additionally, Congress MP Karti Chidambaram urged the government not to pass the law, noting the «sensitivities» of people associated with the waqf board. «This is a matter of faith and it is a matter of practising religion and it is a property donated voluntarily for a religious purpose. The government should be aware of the sensitivities, respect the sensitivities and take people along and not pass the law just because they have a majority in the House,» Chidambaram said. He also added that the BJP is bringing the bill to «send a signal» to their core voters.