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Subscribe to enjoy similar stories.Law firms are closely watching a potentially precedent-setting case before India’s bankruptcy courts that could have far-reaching implications for companies dealing with entities facing international sanctions.At the heart of the dispute lies a key question: can companies legitimately withhold payments to a sanctioned supplier, or can the supplier initiate insolvency proceedings over non-payment? Whichever way this question is ultimately settled is likely to reshape bankruptcy disputes in India.The issue has surfaced after the National Company Law Tribunal (NCLT) Ahmedabad, in a 26 March order, held that foreign sanctions cannot be used as a defence to avoid payment of dues to operational creditors such as suppliers and vendors.The case involves an insolvency plea by Mumbai-based petrochemical supplier CJ Shah & Co. against Flint Group India Pvt.

Subscribe to enjoy similar stories.If the Iran War has taught us nothing else, it’s that weaponizing shipping routes is now the military move du jour. That has rightly turned attention to the Taiwan Strait, but in this era of intense US-China rivalry, the Strait of Malacca is just as important.The shipping route—which carries roughly 40% of global trade and around 80% of China’s imported oil—has long been regarded as vulnerable to disruption. Southeast Asia’s divisions will make any crisis much harder to contain.

Subscribe to enjoy similar stories.Dario Amodei, Sam Altman, Demis Hassabis, Mark Zuckerberg, Elon Musk—a recent Economist article describes them as the small, powerful group of five men who will determine the path along which artificial intelligence (AI) evolves. Their fellow AI pioneer Geoffrey Hinton, who invented the neural network system that enables AI models to learn like humans, quit Google in 2023 to alert the world that while further development of AI could lead us to a utopian future, it could equally lead us to a dystopian one.

Subscribe to enjoy similar stories.Japan has decided to ease restrictions on its sale of weapons to other countries, although this would be limited to the 17 with which it has defence tie-ups. As India is part of the four-nation Quad—with Japan, the US and Australia as other members—Tokyo’s move opens up a possibility worth close consideration by New Delhi. We could diversify our set of high-tech arms suppliers to include a non-hegemonic power with which we have had good relations for eight decades.

Subscribe to enjoy similar stories.US President Donald Trump’s nominee for Federal Reserve chair Kevin Warsh is facing the heat before he even gets to that hot seat. On Tuesday, Senate Banking Committee members lobbed a fiery attack on him during his scheduled confirmation hearing over myriad issues, but most critically over whether he would work independently of the White House.

Subscribe to enjoy similar stories.Wall Street’s watchdogs are ramping up their inquiries into how much risk has built up in the $3 trillion private-credit industry, just as investor angst has sparked some backers to head to the exits.The Securities and Exchange Commission in recent months has opened several enforcement investigations of large private-credit managers, according to people familiar with the matter. The Treasury Department has requested information from private fund managers and insurance firms about their business models.

Subscribe to enjoy similar stories.IN THE RUN-UP to Israel’s independence day, the motorway between Jerusalem and Tel Aviv is always festooned with flags. But this year, between the blue-and-white Israeli pennants hangs a another kind of star-spangled banner: that of America. Israel’s government had hoped that Donald Trump, the American president, would arrive on April 22nd to celebrate the 78th anniversary of its independence.

Subscribe to enjoy similar stories.Kevin Warsh, President Donald Trump’s nominee for Fed chair, faced pointed questions Tuesday at his Senate Banking Committee confirmation hearing, with lawmakers zeroing in on his lack of investment disclosures, his stance on Fed independence and, of course, inflation.While the public watches the consumer price index (CPI) to follow inflation, the Federal Reserve spends its time tracking a different set of initials: PCE.The personal consumption expenditures price index, a monthly measure of the prices Americans pay for goods and services, is the Fed’s preferred gauge of inflation and a key input in its interest-rate decisions.Damjan Pfajfar, vice president in the research department at the Federal Reserve Bank of Cleveland, said the central bank prefers the PCE because it provides a “broader measure of inflation.” Speaking with Barron’s on April 17, he said PCE is a “more accurate reflection of what consumers are actually spending.”Compared with the CPI, which only includes urban consumers, the PCE also measures rural households and spending done on behalf of consumers, including employer-provided health insurance, Medicare and Medicaid. With monthly updating of its weightings—the relative importance of different sectors—the index also better reflects shifts in consumer behavior, such as substituting pricier options for lower-cost alternatives.

Subscribe to enjoy similar stories.HCL Technologies shares plummeted more than 10% on Wednesday after a weak earnings report for the March quarter (Q4FY26) and full year FY26 led to analyst downgrades. The company’s modest revenue guidance for FY27 has raised questions about whether its stock deserves to trade at a valuation that’s in line with or higher than those of rivals such as TCS and Infosys.HCL has forecast revenue growth of 1-4% in constant currency terms, down from its previous year's initial guidance of 2–5%. This outlook is primarily driven by an expected 1.5-4.5% growth in services.Client-specific headwinds in telecom, manufacturing and retail could shave about 50 basis points (bps) off growth, it cautioned.

Subscribe to enjoy similar stories.If I gave you a choice between something that is 60-70% true and something that is an outright lie, which one would you prefer? It is normal to think that having a reasonable amount of truth in what is being said would be better than a complete untruth, but you would be mistaken. Why?“Something that’s true but incomplete might be more dangerous than something that’s wrong, as a little truth is a fuel for a lot of overconfidence,” said Morgan Housel.

Subscribe to enjoy similar stories.Stock market recap: Benchmark indices Sensex and Nifty 50 ended higher on Tuesday amid US-Iran peace talks and broad-based sectoral strength.The Sensex rose by 753 points, or 0.96%, to end at 79,273.33, while the Nifty 50 ended with a healthy gain of 212 points, or 0.87%, at 24,576.60.Amid the geopolitical developments, we are seeing some steady buying opportunities as the result season unfolds. A very strong upmove with a buy on dips can be considered in the days ahead.ADANIPORTS (Cmp ₹1594.10) Indian equities rallied for the third consecutive session on 21 April 2026, supported by optimism over US–Iran peace talks and broad-based sectoral strength. The Sensex climbed 753 points to 79,273, while the Nifty advanced 211 points to 24,576.

Subscribe to enjoy similar stories.Stock market recap: Equity markets staged a robust recovery on Tuesday, as benchmark indices rebounded from volatility to finish with healthy gains. The Nifty 50 index closed at 24,576.60, up 211.75 points (0.87%), while BSE Sensex mirrored this strength, surging more than 600 points to settle above 79,100. Market sentiment was bolstered by easing crude oil prices and renewed optimism surrounding potential US-Iran diplomatic talks, which helped temper regional geopolitical concerns.

Subscribe to enjoy similar stories.NEW DELHI: Apple on Monday named John Ternus, its vice-president of hardware engineering, as its next chief executive, succeeding Tim Cook. The transition was expected for later this year, but its timing—and Apple’s choice of a hardware leader—comes as artificial intelligence (AI) is reshaping Big Tech.The move signals Apple’s bet that tightly integrated devices will remain central to its strategy, even as rivals push ahead in AI.

Subscribe to enjoy similar stories.The old pharma order anchored around cutting-edge advances in the West has quietly disappeared. What we have now is a bipolar industry centred on the US and China—with implications for patients and policymakers worldwide. China has closed the gap on the number of research studies being conducted and in certain cases even moved ahead of the West on developing new treatments.

Subscribe to enjoy similar stories.The sudden twists in West Asia peace talks underscore just how fluid the situation is. On Friday, Iran showed some keenness to engage with the US as it declared the Strait of Hormuz open, but only to slam it shut again the next day.Since then, Tehran has professed itself unready to hold truce talks with the US. Not only was America making excessive and shifting demands, it argued, its blockade of Iranian ports was a violation of the ceasefire due to expire only on 22 April.To make matters between the two adversaries worse, this week began with armed US action against an Iranian commercial vessel.

Subscribe to enjoy similar stories.India needs to rethink its power storage options in the light of an energy shock that has exposed the fragility of global supply chains. Since geopolitical conflict and wobbly rules of international engagement are unlikely to relieve us of trade clamps being used as weapons, we must adjust our cost and security calculus accordingly. At particular risk are battery electric storage systems (BESS) that are now increasingly favoured by renewable energy (RE) producers for grid-scale storage.

Subscribe to enjoy similar stories.Stock market recap: Indian equity benchmarks ended a volatile session on Monday with a positive bias. Indices had opened higher, tracking firm global cues, and briefly strengthened around midday, but gave up most gains as concerns around the US-Iran ceasefire kept sentiment cautious.Sensex closed up 26.76 points at 78,520.30, while Nifty 50 edged up 11.30 points to settle at 24,364.85.Sectoral performance was mixed.

Subscribe to enjoy similar stories.Pocket FM, an audio storytelling platform, said its users in India and the US are getting increasingly comfortable with microtransactions— paying per episode or series—giving it a monetization engine that differs from the classic subscription business.The company’s recent growth reflects how microtransactions and the deeper use of AI across content creation, editing and creator tools have started to scale up together, chief operating officer Lalit Gangwar said.“Pocket FM is best understood as a microtransaction-led audio storytelling business rather than a pure subscription model,” Gangwar said. “Listeners typically start free, get hooked on serialized stories or series, and then keep returning to unlock the next episode or story arc.”The company doubled its annualized revenue run-rate (ARR) to over $400 million ( ₹3,725 crore) in the past year, after taking six years to reach its first $200 million.

Subscribe to enjoy similar stories.While the market shows some promise and trends are expected to gain momentum, current upward movement is limited. Higher price levels are meeting selling pressure, which is dampening bullish sentiment.Buy above ₹520, stop ₹490, target 575 (multiday)Buy above ₹181, stop ₹168, target ₹205 (multiday)Buy above ₹76, stop ₹71.50, target ₹85 (multiday)On 20 April, Indian equity markets witnessed a volatile session, extending gains for the second consecutive day but ultimately closing flat as global uncertainties weighed on sentiment. The Nifty opened on a mildly positive note and showed strength during the late morning trade, supported by selective buying in banking and metal counters.

Subscribe to enjoy similar stories.FOR DECADES Americans have fretted that China might dump its vast holdings of Treasuries, undermining the dollar. Global investors therefore snapped to attention when Bloomberg, a news agency, reported on February 9th that China’s regulators have warned commercial banks against holding too many American government bonds. Some banks have been told to cut their exposure.

Subscribe to enjoy similar stories.On 17th April Seyed Abbas Araghchi, Iran’s foreign minister, declared that commercial passage through the Strait of Hormuz was “completely open”. Shortly afterwards Donald Trump, America’s president, echoed his words: the conduit was “completely open and ready for business”.