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The resources conglomerate has also used funds it raised through a qualified institutional placement to repay loans, sources aware of the development said. The promoter holding company, London-based Vedanta Resources, also managed to save $185 million in interest costs in the same time period.

Debadatta Chand had the proverbial baptism by fire as CEO at India’s second largest public sector lender, Bank of Baroda (BoB), hit by the controversy over the financier’s attachment notice on actor and MP Sunny Deol just a couple of months into the top job. Then came the Reserve Bank of India (RBI) curbs on its digital banking application, restrictions that took nearly seven months to be lifted. But after a trying first year, Chand has eased into the corner-room job, seeking consistency in the bank's business matrix and reducing the lender's dependency on costlier wholesale deposits. In a detailed interview with ET, Chand spoke about BoB’s current positioning and shared his outlook for what's traditionally known as a corporate-focused lender. Edited excerpts: You will complete two years at the helm in June. How has BoB shaped up in this time? The bank is doing extremely well. Fundamentally, it is a strong bank. For the past two years, the performance has been consistent, and the outlook is stable. Earlier we (had) talked about how to double the business in 5-6 years and how to maintain margin in a dynamic market scenario. The performance has been very satisfying. The balance sheet strategy is to not to be heavily dependent on the bulk deposit. Our RAM (retail, agriculture MSME) is going very strong. We decided to go slow on fine priced corporate loans. We are capturing market share in retail loans and deposits.

Noida, Greater Noida, and Jewar will further raise the overall cost of property acquisition for homebuyers, in addition to the already rising residential property prices set by developers in these districts, experts said. Builders said the authority should also consider that the real estate industry has entered a phase of consolidation and that prices have begun to plateau. «The proposed hike in circle rates may have some impact on sales in the near future because, besides increased property rates, homebuyers will have to pay more in stamp duty charges as well. The hike, however, seems inevitable, as real estate growth in these regions has been rapid over the last few years, and the government is increasing the circle rates in line with current property values,» said Santhosh Kumar, vice chairman of Anarock Group. According to Anarock data, average residential prices in Noida have seen a significant 92% jump between the end of 2019 and the end of Q1 2025 — from ₹4,795 per sq ft in 2019 to nearly ₹9,200 per sq ft in Q1 2025. Average prices in Greater Noida have risen by a whopping 97% during the same period — from ₹3,340 per sq ft in 2019 to ₹6,600 per sq ft as of Q1 2025. «While the proposed hike aims to align circle rates with prevailing market prices, it should also consider that the market has entered a consolidation phase and prices are starting to stabilise,» said Amit Modi, director, County Group.

R Praggnanandhaa, known for his sharp strategies on the chessboard, recently took on a completely different challenge—cooking dosa. In a moment captured and shared on social media, his coach, Ramachandran Ramesh, posted a picture of the young grandmaster attempting to make the iconic South Indian dish for the first time.

In a leaked conversation with leading auto industry executives, Trump reportedly cautioned them against raising vehicle prices in response to his new tariffs, implicitly acknowledging the financial strain such measures could impose on manufacturers and consumers alike.

Host of CNBC's «Mad Money» took a clear stand against the idea, attributing the economic downfall of small towns throughout the United States to it. «I am for tariffs, plain and simple. I despise free trade,» Cramer insisted on an episode of his program, as quoted in a report by Bezinga. He continued on to say, «It's been embarrassing to our nation. It's cost us millions. Everyone takes advantage of us. There's just no limit to it.» Cramer's comments are opposite to the general assumption that free trade boosts economic growth and global cooperation. Instead, he had claimed that the focus on cheap imports has done harm to small towns.

Subscribe to enjoy similar stories. Regulations need to have a balanced approach, the chief of India’s market regulator said during a keynote session at the Mint India Investment Summit 2025 held recently. Tuhin Kanta Pandey, chairman of the Securities and Exchange Board of India (Sebi), also said that high entry barriers could be the cause of the low number of registered investment advisors (RIAs) in India, adding that the RIA business should evolve to a paid one.

Lower-income buyers will suffer another blow from expected hikes in used car prices as demand surges and supply shrinks. New cars priced under $30,000 are already rare as the average new-vehicle price approaches $50,000. The only way automakers can eke out profits on economy cars, analysts say, is to build them in nations with lower manufacturing costs. A Reuters review of data from two auto research firms found just 16 models with an average sticker price less than $30,000 and only one, Toyota's Corolla, that is assembled in the United States. All others are made in Mexico, South Korea, or Japan. Slapping a 25% tariff on these low-end cars may force price increases that make them unaffordable to their target market or cause some automakers to abandon them entirely, industry analysts said.

The inflow of low-cost imports, particularly from China and Vietnam, remains a concern for domestic manufacturers, ISSDA President Rajamani Krishnamurti said in reply to a query on the outlook for Q1 FY26. «The stainless steel sector is also likely to encounter challenges such as volatile raw material prices, especially for key inputs like nickel and ferroalloys,» he said.

Subscribe to enjoy similar stories. Price hikes by automobile companies will kick in from 1 April, casting a shadow over India's already struggling passenger car market. Struggling with rising prices of key raw materials and nervous over uncertainty created by the US' new auto tariffs, carmakers have shifted focus from the mass market to the high-end segment to maintain profitability.

The supermarket crackdown and a surprise income tax cut are among a string of government proposals to ease the cost of living, which voters consistently cite as a top concern. Surveys show the centre-left government and conservative opposition running neck-and-neck in the election race. «Australians deserve a fair go at the checkout. We will hold the big supermarket chains to account,» Albanese told reporters, promising to introduce legislation this year. «Price gouging is when supermarkets are taking the piss,» he said.

Greenland on Friday, accusing Denmark of neglecting the territory by “underinvesting” in its infrastructure and communities. The trip, which included a stop at a U.S. military base, coincided with renewed efforts by former President Donald Trump to annex Greenland—a goal he has pursued since his first term. Vance’s delegation, featuring national security adviser Mike Waltz and his wife Usha Vance, faced backlash from Greenlandic leaders, including former Prime Minister Múte Egede, who condemned “American aggression” and reaffirmed the island’s desire for independence.

Barak Valley Branch of the Tea Association of India (TAI) said that the issue of absenteeism and migration poses a serious challenge to tea estates, with unauthorized absenteeism rates exceeding 50% in some cases. Addressing at the association’s 50th Annual General Meeting (AGM) held at Cachar Club, Silchar he said this persistent trend disrupts operations, creates manpower shortages, and forces estates to resort to costly alternative sourcing methods to maintain their daily functions. “Such challenges come at a time when financial constraints are already straining estate resources. The additional expenditure required to manage this manpower deficit exacerbates the stress on estate exchequers, creating a compounded financial burden.

Tech companies are now packing GPUs — which are ideal for running the calculations that power AI — as tightly as possible into specialized computers. The result is a new kind of supercomputer — a collection of up to 100,000 chips wired together in buildings known as data centres to hammer away at making powerful AI systems.

«Most car makers can't eat 25%, they just can't,» said Andy Palmer, former CEO of Aston Martin. «That means car makers will pass on as much of the cost of tariffs as they can,» including by removing features to lower their costs while also raising prices. Automakers may spread that cost between U.S.-produced and imported models, cut back on features, and in some cases, stop selling affordable models aimed at first-time car buyers, as many of those are imported and less attractive if they carry a higher price tag. The changes could price more Americans out of the market. S&P Global Mobility estimated Thursday that tariffs will cause annual U.S. vehicle sales to fall to a range of 14.5 million to 15 million in coming years from 16 million in 2024. Cox Automotive estimates tariffs will add $3,000 to the cost of a U.S.-made vehicle and $6,000 to vehicles made in Canada or Mexico without exemptions. While luxury sellers like Bentley or Ferrari say they will pass on costs, major automakers' typical margins of 6% to 8% leave little wiggle room. Affordable models most likely to be affected include the Honda CR-V, Chevy Trax, Subaru Forester, Chevy Equinox and Honda HR-V, said Erin Keating, executive analyst at Cox. «Car makers know they have certain vehicles in their portfolio that can tolerate lower profit margins,» Keating said. «Some vehicles may just prove to be too expensive, and most of those are affordable models manufactured outside the U.S.»

Cabinet has approved a Rs 23,000-crore programme to strengthen the electronics manufacturing supply chain. India is looking to grab a bigger share of the market as companies opt for ‘China Plus One,’ as well as create jobs. The much-anticipated electronics component manufacturing (ECM) scheme is a move to increase domestic value addition and integrate with global value chains. It will be spread over six years and is expected to generate investment worth Rs 60,000 crore. “We are already making very good progress in the semiconductor part of the value chain,” said Ashwini Vaishnaw, minister for electronics and IT, railways and information and broadcasting, referring to the production-linked incentive (PLI) scheme. “We have had super success in PLI-based finished products manufacturing. Now, we are covering sub-assemblies and bare components.”

Q. I turned 65 in June 2024. I still work full-time and my yearly income is about $96,000. I also collect a survivor benefit of $389 a month. I have worked for 20 years full-time and would like to delay collecting Canada Pension Plan (CPP) and Old Age Security (OAS) until age 70. Also, can I still work past age 70 while collecting CPP and OAS, and what would be the pros and cons of doing so? I have only about $250,000 in total savings with $150,000 of that in a registered retirement savings plan (RRSP.) I also have an outstanding mortgage of $100,000 on my condo. I have no company pension and will have to rely on my investment returns and employment earnings for a few years to add to savings.

Airport Economic Regulatory Authority (AERA) hasn’t allowed Delhi Airport to increase charges on domestic departing passengers from Rs 129 for the period of 2024-2029. The GMR group-owned airport had sought higher User Development Fee (UDF) ranging from from Rs405 to Rs 610 depending on peak hours and non-peak hours. UDF is a fee levied by operators to recover the expense they have incurred upgrading infrastructure at airports. A Parliamentary Affairs Committee had earlier expressed their dissatisfaction over “arbitrary” rise in user development fees (UDF) and ticket prices, arguing that the existing framework lacks mechanisms to hold private operators accountable.

It upheld the 2022 guidelines issued by the Central Consumer Protection Authority (CCPA) that prohibited hotels and restaurants from automatically levying a 'service charge' on food bills, reinforcing that these payments must remain voluntary. Dismissing the petitions filed by the Federation of Hotels and Restaurant Associations of India (FHRAI) and the National Restaurant Association of India (NRAI), which challenged the CCPA’s power to issue such guidelines, Justice Prathiba M Singh said that the Authority is not merely a recommendatory body but is fully empowered and has the jurisdiction to pass the guidelines under the CPA, 2019. “In fact, issuing guidelines in consumer interest is an essential function of CCPA and the guidelines would have to be mandatorily complied with as the scheme of the Act clearly provides for enforcement of guidelines, which would not curtail fundamental rights it held.

Indian hospitality industry is set to grow steadily in FY26, driven by domestic travel, recovering foreign tourist arrivals, and the expansion of the Meetings, Incentives, Conferences, and Exhibitions (MICE) segment. CareEdge Ratings projects a 7-8% increase in Revenue per Available Room (RevPAR) in FY26, following an 8-10% rise in FY25. Average Room Rates (ARRs) are expected to hover above Rs 8,000, reaching Rs 8,400-8,600 in FY26, while occupancy levels are likely to stabilize between 66-68% from FY25 to FY27. However, supply-side constraints such as high land prices, escalating construction costs, and lengthy project timelines remain key challenges for hoteliers.

Liberal Leader Mark Carney is set to have his first phone conversation with United States President Donald Trump in the coming days, and Trump’s commerce secretary said Canada may get some reprieve from automobile tariffs.