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The drop is the fourth-largest one-day decline in the Bloomberg Billionaires Index’s 13-year history, and the largest since the height of the Covid-19 pandemic.

Subscribe to enjoy similar stories. The global investment landscape is bracing for disruption as the Trump administration rolls out sweeping reciprocal tariffs on nearly all countries. The baseline 10% tariff rate against all countries will go into effect on 5 April.

Alberta Investment Management Corp. (AIMCo), the provincial pension and endowment manager whose board and CEO were purged in November, posted a 12.3 per cent return for the year ended Dec. 31.

The CEO of Tesla and close counselor to President Donald Trump had strongly supported right-wing candidate Brad Schimel, cautioning that the contest held great importance for «Western Civilization.» Schimel's possible loss by a double-digit margin has sparked scrutiny of Musk's clout within Republican ranks as he looks toward upcoming elections, including the near-term midterms. Musk, who has had an active role in developing Republican tactics, dismissed the loss in Wisconsin as the inevitable result, as mentioned in a report by Forbes. In a post on social media after the vote, he explained that he had expected the defeat, indicating that his long-term effort to shape elections is not interrupted.

New India Cooperative Bank's former chairman Hiren Bhanu and his wife Gauri Bhanu as proclaimed offenders in connection with the Rs 122 crore embezzlement case, a police official said on Thursday. The Bhanu couple fled the country separately days before the embezzlement case came to light in February. The Economic Offences Wing (EOW) of the city police, which is probing the case, has so far arrested eight persons, including the bank's former General Manager Hitesh Mehta and former CEO Abhimanyu Bhoan. «The EOW had moved an application before the court seeking that Bhanu and his wife be declared as proclaimed offenders. The court has accepted the plea,» an official told PTI. The court had earlier issued a non-bailable warrant against the duo, he said. While Hiren Bhanu fled the country on January 26, his wife and the bank's former vice-chairperson Gauri Bhanu left on February 10, just a few days before the scam came to light. «As both of them are out of the country, and finding their location was necessary for the probe, a Blue Corner Notice was issued against them earlier,» the official said.

Subscribe to enjoy similar stories. Poster board in hand, President Trump told the world the new price for doing business in America. And it was steep.

On Tuesday (2 April), Circle lodged its application with the Securities and Exchange Commission (SEC). Investors pull out of European crypto funds in 2024 amid market and political buzz Circle has attempted to float on US public markets before, put pulled the plug on its IPO, an event that CEO Jeremy Allaire, said was «disappointing» in an X, at the time Twitter, post in 2022, after it did not complete the SEC qualification in time.  The US has adopted a more crypto-friendly tilt from the incumbent White House administration, and the SEC has also moved to loosen its oversight of th...

According to a report by TOI, LEGO’s story is one of resilience and smart decision-making.

BMW and Mercedes-Benz in India on Thursday called for more free trade based on low tariffs and reduced trade barriers, saying it will be a win-win situation for all. As part of reciprocal tariffs on about 60 countries to counter higher duties on American products imposed globally, the US on Wednesday announced 27 per cent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods. However, autos and auto parts as well as steel and aluminium articles, already subject to Section 232 tariffs at 25 per cent, announced earlier in US President Donald Trump's order on March 26, 2025, are not covered in the latest order. «We always subscribe and we always propose that there should be more free trade agreements with the countries. Absolutely, that's the right way to go, because that way everybody wins, new technologies can come into the country. For example, India can access markets. So that's a win-win situation,» BMW Group India President & CEO Vikram Pawah told PTI.

SBI Long Term Equity Fund, the oldest ELSS mutual fund, has completed a milestone of 32 years. The scheme is an open-ended equity linked savings scheme with a statutory lock in period of 3 years and tax benefit. The fund was launched on March 31, 1993, with the IDCW option (earlier known as dividend option) and the growth option was introduced later on May 7, 2007. A monthly SIP invested in the scheme of Rs 10,000 (Rs 38.5 lakh invested) since inception would be worth Rs 14.44 crore as on March 28, 2025, delivering returns of 17.94% XIRR.

Sweet Karam Coffee (SKC) announced on Thursday that it has raised $8 million in Series A funding from Peak XV Partners and existing investor Fireside Ventures. Founded in 2015 by husband-wife duo Anand Bharadwaj and Nalini Parthiban, the Chennai-based Sweet Karam Coffee offers South Indian sweets, snacks, filter coffee, and everyday essentials. It claims these snacks are free of palm oil and preservatives. The company will use the fresh capital to fuel expansion through omnichannel distribution, accelerate new product development, and bolster its technology-driven supply chain capabilities.

I have been investing in Quant Active, Quant Small Cap, Quant Momentum, and Quant Flexi Cap funds, via SIPs, since last year. My investment horizon is over 10 years. The funds’ performance has slipped over the past two quarters (over the second half of 2024). Should I continue my SIPs or stop and remain invested for another year? Sumit Duseja, Co-founder & CEO, Truemind Capital (Sebi-registered investment adviser: Quant mutual fund schemes mostly operate on a momentum strategy. The major problem with the momentum strategy is that when it works, the returns are way above the benchmark, but when it doesn’t work, the returns plummet sharply. Therefore, the performance is good only during specific periods of bull market, resulting in inconsistent performance, accompanied by high volatility. Ideally, one should select schemes with consistent performance track records across bull and bear markets. The investment philosophy of the fund house should be simple, clear and transparent. Additionally, you should diversify across mutual fund schemes from different fund houses. Selecting all the schemes from a single fund house puts you at risk with all your schemes underperforming if something goes wrong with the fund house. You can stop your SIPs in the schemes from Quant and restart the SIPs with fund houses that have a proven and consistent track record of at least 15 years.

“In FY26, investors should be inclined towards investing in categories such as Flexi Cap, Multi Cap, and Large & Mid Cap. These provide the fund managers with an option of maneuvering depending upon the market circumstances as an alternative during volatile times. Excessive exposure in very high-risk categories should be avoided,” recommended Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance Also Read | Technology-based mutual funds lost up to 18% in 2025. Time favourable to allocate more?

global markets amid worries the aggressive duties will slow growth, hit corporate earnings and stoke inflation, with one analyst calling the move markets' «worst-case scenario.» Global markets have been whiplashed since Trump took office and kept up a stream of rhetoric that threatened to unleash a global trade war. Trump's new levies crystallized those fears.

global trade it pioneered and furthered over several decades. Trump says the levies will bring jobs back to the United States — but executives in the immediate aftermath were focused on possibly raising prices, reducing shipments to the world's largest economy, or just cutting back investment activity outright. «This is how you sabotage the world's economic engine while claiming to supercharge it,» said Nigel Green, CEO of global financial advisory deVere Group. «The reality is stark: these tariffs will push prices higher on thousands of everyday goods — from phones to food — and that will fuel inflation at a time when it is already uncomfortably persistent.» Trump sees tariffs as a way of protecting the domestic economy from unfair global competition and a bargaining chip for better terms for the U.S.

Google is replacing Sissie Hsiao, who led the development of the artificial intelligence chatbot Bard, now known as Gemini, the company told staff in its AI division on Wednesday. Hsiao will step down immediately, a company spokesperson confirmed. Josh Woodward, who leads Google Labs and oversaw the launch of NotebookLM — the company's popular tool that can turn text into a podcast-like show — will replace her. Hsiao plans to take a short break and return to Google in a new role, the spokesperson said. She did not immediately respond to a Reuters request for comment.

Boeing CEO Kelly Ortberg assured lawmakers on Wednesday that the company will not accelerate production of its 737 MAX aircraft until it establishes a «stable system.» Before the Senate Commerce Committee appearance, Ortberg stated Boeing remains dedicated to quality control while avoiding production increases. Immediately following the January 2024 mid-air emergency with the Alaska Airlines 737 MAX 9, Boeing decided to take action.

Lawmakers have been scrutinizing the company since a January 2024 mid-air emergency involving a new 737 MAX 9 that was missing four key bolts raised fresh questions about Boeing's quality and safety culture, as well as regulatory oversight. «New leadership at Boeing will get a chance to tell Congress how they are implementing new safety standards and creating a stronger safety culture,» said Senator Maria Cantwell, the top Democrat on the committee. Ortberg will tell senators Boeing made «serious missteps» in recent years but has since made «sweeping changes», according to a copy of prepared testimony seen by Reuters and confirmed by the planemaker. «Boeing has made serious missteps in recent years — and it is unacceptable. In response, we have made sweeping changes to the people, processes, and overall structure of our company,» Ortberg will say in his written testimony.

image generator, OpenAI has revealed plans to launch a new open language model—its first since GPT-2. To shape its development, the company is seeking input from developers, researchers, and the wider AI community through a feedback form. Open-source language models (OS LLMs) are designed to understand, generate, and manipulate human language, leveraging large datasets and sophisticated algorithms to perform a variety of language-based tasks. OpenAI CEO Sam Altman took to X (formerly Twitter) to announce the news, stating, “We are planning to release our first open-weight language model since GPT-2. We've been thinking about this for a long time, but other priorities took precedence. Now it feels important to do.” Altman added that before the model is released, OpenAI plans to evaluate it using its preparedness framework, the same process applied to all its models. “And we will do extra work given that we know this model will be modified post-release,” he stated in the post.

ITA Airways has officially received approval to start the integration process into Star Alliance following a verdict by the Star Alliance Chief Executive Board (CEB). Building on its induction into the Lufthansa Group earlier this year, this decision paves the way for its entry into the world’s largest airline alliance. “In early 2026, ITA Airways is expected to officially join the Star Alliance network as a full member. The decision by our Chief Executive Board underscores the strong confidence our members have in ITA Airways. As a gateway for Italy, its addition strengthens our global network, offering seamless and connected journeys to more travellers worldwide," said Star Alliance Chief Executive Officer Theo Panagiotoulias . Joerg Eberhart, CEO and General Manager of ITA Airways, said, “We are excited to join the Star Alliance network and to bring the excellence of Made in Italy into the alliance, further enhancing its global reach. This is a significant milestone in ITA Airways’ growth, and we look forward to offering our customers the future privileges of the world’s largest airline network."

Elon Musk's days as a senior White House adviser may be coming to an end — along with his government-slashing Department of Government Efficiency. After the tech mogul said that he would step down as DOGE chief by the end of May, US President Donald Trump has hinted that his 'first buddy' Musk may quit his role as a senior White House adviser leading the DOGE and will likely to go back to running his several companies full time. President Trump Monday said he wants to keep Elon Musk at the White House for as long as he is willing to oversee the DOGE but suggested the billionaire tech entrepreneur's time could be nearing an end. ALSO READ: 'Did Biden do news conferences like this?': Trump calls friend Kid Rock ‘Bob’ during rapper’s bizarre appearance