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certificates of deposit (CDs) to meet the surge in credit demand in March. According to data from CDSL, banks raised ₹2.25 lakh crore through CDs in March 2025, nearly double of the ₹1.26 lakh crore in the same month the previous year. Experts attribute this surge in CD borrowing to tighter liquidity conditions and slower deposit growth amid rising credit demand. Notably, IndusInd Bank borrowed over six times its usual CD amount to counter deposit outflows, raising ₹16,550 crore in March 2025, compared with ₹2,500 crore in the same month last year. «Issuances of CDs by banks have accelerated in March owing to year-end asset liability management,» said Karan Gupta, head and director financial institutions, India Ratings. «We expect certificates of deposit issues to moderate in the June quarter owing to a sharp improvement in the liquidity conditions coupled with the seasonally generally soft demand for credit in the first quarter.»

Indian Bank on Monday announced an increase in lending rate linked to repo rate by 10 basis points to 9.05 per cent, making retail loans expensive. The Asset Liability Management Committee (ALCO) of the bank has reviewed the Marginal Cost of funds-based Lending Rate (MCLR), Treasury Bills Linked Lending Rates (TBLR), Base Rate, Benchmark Prime Lending Rate (BPLR) and Repo Linked Benchmark Lending Rates (RBLR) and decided for revision in TBLR, Base Rate, BPLR and RBLR, Indian Bank said in a regulatory filing. Repo Linked Benchmark Lending Rates (RBLR) has been raised to 9.05 per cent from the existing 8.95 per cent, it said. The lending rate hike comes despite the Reserve Bank cutting repo rate from 6.5 per cent to 6.25 per cent last month.

Assam chief minister Himanta Biswa Sarma said that Japan plans to recruit 50,000 youths from Assam within the next five years. During his on-going three-day visit to the districts of Biswanath and Sonitpur, Sarma has inaugurated several projects and laid foundation stones for forthcoming developments in Biswanath. Among these initiatives, he inaugurated a newly constructed Automated Vehicle Fitness Testing Station, built at a cost of Rs 11.50 crore, the first of its kind in Southeast Asia.

US Cybertruck sales fell 32.5% during the January to February period, down to only 2,619 units, reported Auto Blog. Even though CEO Elon Musk had claimed that the Cybertruck is the company's «best product ever,» according to the report.

Subscribe to enjoy similar stories. As speculation swirled last month about how auto tariffs would hammer foreign carmakers, Mercedes-Benz Chief Executive Ola Källenius had a ready answer. “We’re also an American company," he said, highlighting the carmaker’s 11,000 U.S.-based workers and that two of his three children were born in the country.

Ever since finance minister Nirmala Sitharaman redefined debt mutual funds in the July 2024 budget as those that invest more than 65% in debt, there's been an upheaval in the mutual fund industry.

Melania Trump. Photos show the 19-year-old and the first lady arriving at the 58-story skyscraper. The recent birthday boy, who turned 19 on March 20, appeared to be wearing a gold Daytona model of the luxury watch, which can cost about $50,000.

Barron Trump is making headlines yet again for his fashion choices. He made a stylish statement while visiting Trump Tower in New York City with his mother, Melania. His life at NYU may not be typical, but it has not prevented him from garnering attention. He is tall and handsome and appears to be quite attractive in the eyes of many people, including liberals, as per a report by Page Six. The 19-year-old NYU student drew attention with a Rolex Daytona worth nearly $50,000. According to a report by Page Six, the first lady and the 19-year-old college student were spotted arriving at the 58-story skyscraper, which was built by President Trump, on Sunday.

Subscribe to enjoy similar stories. A Harley-Davidson isn’t cheap, no matter where you buy it. But if the European Union imposes a 50% retaliatory tariff on the company’s motorcycles in April, prices could reach astounding heights in Harley’s second-largest market by sales.

Set to take effect from 2 April, the changes will come in tandem with a more detailed sustainability objective for the two strategies, according to RAM. Updates to the investment policy and approach «will also take place», the firm said, while all legal and administration costs related to the changes will be covered by RAM. Deep Dive: SDR is having a 'positive impact' but focus should not be on labels alone «RAM has long adhered to a research-led, bottom-up investment philosophy, focusing on qualitative factors that we believe are critical to identifying sustainable, long-term valu...

Aravind Srinivas, CEO of AI-powered search engine Perplexity, recently joined a Reddit discussion to address issues being raised by users. He also used the opportunity to assert that the company does not face any significant financial difficulties. “We have all the funding we've raised, and our revenue is only growing,” Srinivas stated. “We have no plans of IPOing before 2028.” Earlier, a Reddit user had claimed in a post that the company was struggling financially and this had led it to implement cost-cutting measures.

Subscribe to enjoy similar stories. The conventional economic case for globalization and free trade has emphasized the aggregate gains that they bring, including enhanced productivity, faster technological change and wider consumer choice. However, a critical aspect often overlooked is that globalization inevitably creates both winners and losers in the short term, even though its long-term effects are broadly positive for society as a whole.

LONDON — After 20 years in the role as Klarna's CEO, Sebastian Siemiatkowski is about to face his toughest test yet as the financial technology firm prepares for its blockbuster debut in New York.

Excitel, a Delhi-based home broadband provider, is gearing up to transform India’s cable TV households into fiber broadband users by replacing traditional set-top boxes with Android-enabled IPTV boxes. The company aims to onboard 2 million new users in 18 months through this hybrid model. “We want to replace legacy cable TV boxes with Android boxes and give users OTT, YouTube and live channels, all at the same price they pay today,” said Vivek Raina, CEO and co-founder of Excitel. “The user gets more, the cable operator runs just one network, and we grow faster without laying new fiber ourselves.” IPTV, or Internet Protocol Television, is a method of delivering television content over the internet offering an alternative to traditional cable or satellite TV. India’s largest telecom company Bharti Airtel also rolled out IPTV across 2000 cities last week.

Donald Trump’s “Liberation Day.” In India, which keeps getting pilloried by the US president as an exemplar of bad behavior in trade, the reciprocal tariff announcement of April 2 has acquired a fervent overtone. In preparation, New Delhi is offering one sacrifice after another, hoping that the angry god of the White House will let it go with nothing more serious than a slap on the wrist. The latest peace offering is the decision to do away with a 6% tax on ads that local businesses place with foreign search engines, social media and e-commerce firms. This is Prime Minister Narendra Modi’s way of telling Trump, “Look, we aren’t China. Not only do we allow Alphabet Inc. and Meta Platforms Inc. to hog our digital-advertising pie, if you want us to make it cheaper for them to operate, that’s fine, too.” Also Read: India open to clearing import duty hurdle for US auto parts The sacrifice is a win for Trump, though it isn’t much of a loss for Modi. Known colloquially as the “Google Tax,” the levy was a bad idea when it was introduced in India’s 2016 budget. Since then, domestic advertisers have had to withhold 6 cents on the dollar when they get their bills from places like Ireland, where online platforms typically book their revenue. Just like Trump’s tariffs will be mostly paid by American consumers, the burden of the so-called Indian equalization levy had to be absorbed not by the tech platforms, but by the advertisers. It pushed up costs for local businesses. Where would they advertise, if not on Google or Facebook?

Subscribe to enjoy similar stories. Do you have demat accounts with multiple brokers? Not only are you paying higher annual maintenance charges (AMCs), but these charges add up for every such account. But there is a way to lower this payout: open a basic services demat account (BDSA).

Subscribe to enjoy similar stories. Dear reader, Last week, I wrote about the possibility of higher volatility due to the expiry of the March derivatives series. I also put forth my hypothesis that institutional players would be a dominant reason for markets to witness stability and/or upthrust.

Subscribe to enjoy similar stories. If hard proof were needed of the digital dominance of Indian eyeballs, then the latest Ficci-EY report on media and entertainment supplied it. In 2024, it says, digital media finally displaced TV as the top revenue-generator of this industry, notching up ₹80,200 crore, almost a third of its overall pie.

economic policies under President Donald Trump have altered the US economy. Tariffs, tax changes, deregulation and shifts in spending have influenced trade, markets and public confidence. These changes have sparked discussions about their long-term effects, media reports said.

The wage bills of companies with operations in these places have increased by 20-25%, as their expenses on unskilled, semi-skilled and skilled workers have gone up, said top corporate executives. While this has been sharper than usual, the growing preference of people to work in gig roles and stay back in villages amid an increase in income from the rural employment guarantee scheme and other welfare programmes are compounding the problems for companies as they are finding it difficult to mobilise workers. States like Tamil Nadu, Himachal Pradesh, Puducherry, Meghalaya, Odisha and Jharkhand have increased minimum wages by up to 38% in the last one year, as per industry executives and data compiled by staffing firm CIEL HR. Manpower cost has been a challenge because minimum wages have grown in certain markets by a very high degree, value fashion retailer V-Mart Retail managing director Lalit Agarwal said. Odisha recently hiked minimum wages by 29% and Jharkhand by 22%, he said. V-Mart reported a 24% increase in manpower cost in the December quarter compared with a year earlier

The new mechanism, which would be operationalised after planned imposition of a safeguard duty on specified steel imports, would be extended to MSMEs and members of the Engineering Exports Promotion Council (EEPC), the people said. «Discussions are on on the mechanism...It would be implemented once safeguard duty is imposed...This is being done to shield domestic consumers from rise in prices,» an official said.