Consequences Financial News

Subscribe to enjoy similar stories. In his book One Up on Wall Street, legendary fund manager Peter Lynch uses the term ‘diworsification’ to describe unbridled and often unrelated diversification by companies or investors into areas or assets they don't fully understand. The result, Lynch says, is mostly substantial capital misallocation and wealth destruction.

Subscribe to enjoy similar stories. Mumbai: Deposit rates may begin to come down starting April as lenders move to protect margins, at a time of easing credit demand and expectations of another repo rate cut. Most banks did not change their deposit rates after the Reserve Bank of India reduced the repo rate by 25 basis points (bps) in February.

fitness challenge turned into a medical emergency for a resident of Vladivostok in Russia, after he attempted to complete 2,000 squats as part of a bet. What started as a test of endurance quickly escalated into a life-threatening situation, requiring urgent medical attention. According to the press service of the «Thousand-Bed Hospital,» the young Russian man had confidently accepted the challenge, likely enticed by a tempting reward. However, he underestimated the toll such extreme exertion could take on his body. During the challenge, he began to experience discomfort, but he pushed through, unaware of the severe consequences awaiting him.

Subscribe to enjoy similar stories. Every time a man explains their jobs, their interests or their lives to them—and it happens with the frequency of traffic jams in Bengaluru—female friends will say, “I wish I had that confidence". Overconfidence, or an overestimation of or a misplaced belief in one’s own capabilities and opinions, is an epidemic in the world of work, dating and leisure.

Chief Justice of India Sanjiv Khanna constituting a three-member panel to probe the discovery of «four to five semi-burnt sacks» of Indian currency notes after a fire incident at the residence of Delhi High Court judge Yashwant Varma, the in-house procedure has entered the crucial second-stage whose findings will decide the fate of the judge. The fire incident at the storeroom of the official residence of Justice Varma on March 14 in posh Lutyens' Delhi locality purportedly led to the discovery of the cash by firefighters and police personnel. The CJI constituted the three-member panel after the Delhi High Court Chief Justice Devendra Kumar Upadhyaya in his report dated March 21 and made public on Saturday evening called for a «deeper probe» into the allegations. The three-member inquiry committee formed by the CJI consists of Justices Sheel Nagu (Chief Justice of the Punjab and Haryana High Court), G S Sandhawalia (Chief Justice of the Himachal Pradesh High Court) and Karnataka High Court judge Anu Sivaraman. However, no timeline has been fixed for the inquiry committee to conclude the probe.

Danny Moses, who is known for predicting the mortgage-backed debt led 2008 financial crisis, has now sounded alarm for another economic crisis fueled by massive government employee layoffs under the Department of Government Efficiency (DOGE), headed by Elon Musk.

Parliamentary constituencies, based on the 1971 Census population, by another 25 years and decided that MPs would submit a joint representation to press for demands to Prime Minister Narendra Modi during the ongoing Parliamentary session. A resolution adopted in the JAC meeting said that any delimitation exercise carried out by the union government to improve the «content and character» of democracy should be carried out transparently, enabling political parties of all the states, state governments and other stakeholders to deliberate, discuss and contribute. «Given the fact that the legislative intent behind the 42nd, 84th and 87th Constitutional amendments was to protect / incentivise states which have implemented population control measures effectively and the goal of national population stabilisation has not yet been achieved, the freeze on Parliamentary constituencies based on 1971 Census Population, should be extended by another 25 years,» it said. The states which have effectively implemented the population control programme and consequently whose population share has come down, should not be penalised and the Centre must enact necessary constitutional amendments for this purpose. «The core committee consisting of Members of Parliament from the represented states will coordinate the parliamentary strategies to counter any attempts by the union government to undertake any delimitation exercise contrary to the principles mentioned above. The core committee of MPs shall submit a joint representation on the above lines to the Prime Minister of India during the ongoing Parliamentary session,» the resolution said.

Karnataka Infrastructure Development Minister M B Patil on Saturday announced that a multidisciplinary team from the Airports Authority of India (AAI) will visit the state in April to conduct a feasibility study for the second international greenfield airport in Bengaluru. Three locations have been identified for the project. The team is scheduled to visit the state between April 7 and 9, he said. Patil stated that the Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) has already paid a fee of Rs 1.21 crore to the AAI for the study. Two sites on Kanakapura Road and one on the Nelamangala-Kunigal Road have been shortlisted for the proposed airport.

Speaking to ANI, Thakur said, «Congress believes in the politics of appeasement, Divide and Rule. At the direction of Rahul Gandhi, the play staged by Karnataka Congress leaders clearly shows that to gain Muslim votes, a 4 per cent reservation is being given in government contracts.» He claimed that the Karnataka government's decision to provide 4 per cent reservation to minority contractors is against the law and added that they will have to face consequences. «This is against the law, and they would also have to face the consequences. Congress has not learnt anything even after so many defeats,» Thakur said. The Karnataka state cabinet approved an amendment to the Karnataka Transparency in Public Procurement (KTPP) Act, which aims to provide 4 per cent reservation in tenders to Minority contractors.

Delhi resident recently shared his frustration about dog lovers, expressing that if someone truly cares for dogs, they should adopt them rather than just feed them. His concerns arose after a stray dog bit his house help, a dog that his neighbour regularly feeds outside the Redditor’s doorstep. He took to social media to voice his opinion, warning about the risks associated with feeding stray dogs, particularly the threat of diseases they may carry. He highlighted that this was not the first time such an incident had occurred in his locality. Several housemaids and delivery personnel had already been bitten before, and in one unfortunate case, a woman lost her life due to a dog attack. The situation has left him deeply concerned about the safety of people in his building, especially those who rely on daily wages to support their families. The resident also pointed out the dangers of rabies, emphasizing that even with vaccinations, the disease remains fatal. He urged people to be more responsible when feeding stray dogs, suggesting that if they must provide food, they should do so away from residential areas to prevent the risk of attacks.

Jim O'Neill, Former Economist, Goldman Sachs, says for the rest of this decade, it is quite likely that US equity markets are going to underperform much of the rest of the world. A more positive way to put it is, the rest of the world which was very cheap, particularly Europe and to some degree China, is probably going to outperform the US and of course that has already been the case in the short two-and-a-half months of 2025 so far. While the period between now and April 2nd will probably see some near-term recovery of the dollar, O’Neill does not think that the combination of what the US is trying to do is at all good for the sustainability of the dollar and he thinks this time next year, the dollar will be a bit weaker against major currencies around the world. We are talking at a time when nobody knows what is coming. All we know is that American markets have reversed and there are fears of a genuine slowdown in the United States. Investors are moving out of the long dollar trade. What is the big headline of March 2025 for financial markets? Jim O'Neill: As I have discussed with you in December, you have to be very careful of a very strong consensus when some of the underlying factors are not so clear-cut and I was quite sceptical on the immediate euphoria of Trump being elected as this was going to further accentuate so-called American exceptionalism and the reality that we have seen over the first 60 to 70 days the US is not exceptional.

Donald Trump made it clear that those involved in the recent series of attacks on Elon Musk-owned Tesla properties could face significant consequences, including long prison sentences. Trump warned that anyone caught «sabotaging Teslas» — whether the perpetrators or their financial backers — could face up to 20 years in prison, in a fiery post on Truth Social. “People that get caught sabotaging Teslas will stand a very good chance of going to jail for up to twenty years, and that includes the funders. WE ARE LOOKING FOR YOU!!!,” his post read. This stern warning follows a string of attacks on Tesla showrooms, charging stations, and private vehicles, mainly in left-leaning cities across the United States. The White House has strongly backed Musk in the wake of these attacks.

Washington-based U.S. District Judge James Boasberg has given the administration until noon (1600 GMT) to either provide specifics on when the deportation flights took off and landed so he can determine whether they violated his order, or to invoke a legal doctrine involving state secrets to avoid sharing those details and explain their reasons for doing so. Boasberg gave the Justice Department the option of giving him the flight details under seal, meaning they would not be made public. But the judge expressed skepticism that the state secrets doctrine — which protects sensitive national security information from being disclosed in civil litigation — was applicable, given that U.S. Secretary of State Marco Rubio posted details of the flights on social media.

ULFA-Independent), a proscribed militant outfit, has demanded that 'Bihar Diwas' programme, to be held on March 22 in Tinsukia in upper Assam, be cancelled, calling it an attack on the culture of indigenous people. The outfit has threatened dire consequences if the event is not cancelled. In a statement, the Paresh Baruah-led outfit said that preparations were being made to celebrate 'Bihar Diwas' in Tinsukia under the patronage of a few people, including BJP MLAs Suren Phukan and Sanjoy Kishan.

Subscribe to enjoy similar stories. The Reserve Bank of India (RBI) initiated the much-expected rate-cut cycle in February. The repo rate was cut from 6.5% to 6.25% on 7 February.

Supreme Court on Wednesday fixed April 16 for hearing a batch of pleas challenging the appointment of the chief election commissioner (CEC) and election commissioners (EC) under the 2023 law. A bench of Justices Surya Kant and N Kotiswar Singh fixed the date for hearing the pleas after advocate Prashant Bhushan said the matter is listed at number 38 and is not likely to reach for hearing during the course of the day. Bhushan requested an urgent hearing of the matter, saying it goes to the root of democracy and the issue is covered by the 2023 Constitution bench verdict. Justice Kant said the court understands all these arguments but a lot of urgent matters are listed every day. «We will fix it on April 16, so that the matter is finally heard,» the bench said. Bhushan, appearing for petitioner NGO Association for Democratic Reforms, said the matter involved a short legal question — whether the 2023 Constitution bench verdict should be followed for the appointment of the CEC and ECs through a panel involving the prime minister, Leader of Opposition and the Chief Justice of India or the 2023 law, which excludes the CJI from the panel.

Data released today (18 March), showed that expectations for higher global growth declined from -2% in February to -44% March, as BofA stated the respondents conviction on global growth is «historically correlated to S&P 500 price action». Over the past month, the S&P 500 has lost around 8.4% of its value, with the index now trading 1.1% lower than on Monday (17 March), data from MarketWatch showed. The Big Question: Can Donald Trump's stance on tariffs work alongside US stock market growth? The rise in pessimism over global economic growth has been the consequence of a worsening o...

Subscribe to enjoy similar stories. Grade-A office spaces are seeing a drop in vacancy levels, along with improving occupancies, as the leasing trajectory is likely to maintain the good run in the March quarter (Q4FY25), too. Demand for commercial properties continues to be led by global capability centres (GCCs), rising traction in flexible workspaces, and IT/ITes.