Cover Financial News

Policybazaar. The private sector insurer said in a report that the share of insurance policies for EV cars, which stood at a mere 0.50 per cent in FY23, has expanded to 14 per cent in March 2025, standing at 8.2 per cent Observing the evolving trends, Amit Chhabra, CBO of General Insurance at Policybazaar said, «The accelerating adoption of EV insurance signals India's shift toward sustainable mobility. With EV insurance share growing nearly 16-fold in just three years, consumers are not only adopting electric vehicles but also recognizing the need for tailored protection.»

NCAA Tournament on Friday. The game will be held in Milwaukee in Wisconsin. The Iowa State Cyclones (24-9) are aiming to bounce back from their 96-92 loss to BYU in the Big 12 Tournament. Meanwhile, Lipscomb (25-9) are coming off a 76-65 win over North Alabama in the Atlantic Sun Tournament final. As per reports, Iowa State are entering the match as a 14.5-point favourite and their key player Curtis Jones is leading the charge. The Cyclones have struggled in recent games. They have an average of 77.4 points over their last 10 outings—lower than their season average of 80.4 points per game. In contrast, the Lipscomb Bisons have been in strong form. They have so far put up 81.5-point performance per contest over its last 10 games. They have even surpassed their season average of 79.3 points. The Bisons, who are making only their second NCAA Tournament appearance, are aiming to become the first Atlantic Sun team to advance past the first round since 2019.

Pentagon spokesman Sean Parnell rejected a report in the The New York Times which claimed that billionaire Elon Musk would be briefed about U.S. military plans against China on Friday. Appearing on Fox & Friends, Parnell invalidated the magazine story while asking the NYT to remove its article.

Telecom equipment sales have reached Rs 78,672 crore under the production linked incentive (PLI) scheme, of which exports contributed Rs 14,963 crore till January 31, 2025, the government has informed Parliament. As part of the scheme, companies have invested Rs 4,081 crore and generated employment for 26,351 individuals as on January 31, 2025, Pemmasani Chandra Sekhar, Minister of state for communications and rural development, said in a written reply in the Rajya Sabha yesterday. The Department of Telecommunications (DoT) had notified the PLI scheme on February 24, 2021, to boost domestic manufacturing of telecom and networking products in India with an outlay of Rs 12,195 crore.

Tatiana Estevez was celebrating her fog water collection company Permalution securing money in a fundraising round and garnering support for a drinking water project, when it was all placed in jeopardy.

United States President Donald Trump is invoking emergency powers to boost the ability of the U.S. to produce critical minerals — and potentially coal — as part of a broad effort to ramp up the development of domestic natural resources and make the country less reliant on foreign imports.

NCAA Tournament. The match will be held on Friday, March 21. The Alabama Crimson Tide (25-8) entered the tournament aiming to make another deep run after their Final Four appearance last season. The team, however, has suffered a 104-82 loss to Florida in the SEC Tournament semi-final. This highlighted some defensive concerns for the franchise. Meanwhile, Robert Morris (26-8) had secured their spot by winning the Horizon League Tournament. They defeated Youngstown State 89-78. The Colonials will be making their ninth NCAA Tournament appearance, though they have a 2-8 record in the competition.

Subscribe to enjoy similar stories. New Delhi: The India Meteorological Department (IMD) is enhancing its forecasting capabilities by developing a high-resolution model that will increase its current 12-km grid spacing to 6 km by 2026. This move aims to improve weather predictions at the panchayat level, offering farmers more precise forecasts.

Real estate credit fund Nisus Finance’s Real Estate Special Opportunities Fund – 1 (RESO-I) has made an exit from a wholly-owned subsidiary of Shapoorji Pallonji Real Estate (SPRE) with an internal rate of return (IRR) of 18.74%, marking the fund’s maiden exit. RESO-I had invested Rs 105 crore into senior secured rated listed non-convertible debentures (NCDs) issued by Suvita Real Estate, a subsidiary of SPRE, in January 2024. These Debentures were listed in the wholesale debt segment of the Bombay Stock Exchange. The entire NCDs were redeemed by the developer Issuer through internal accruals and capitalization by SPRE.

Net formal job creation under the Employees’ Provident Fund Organisation (EPFO) went up by 11.6% in January 2025 to 1.78 million compared to 1.62 million added in January 2024, government data shows. As per the provisional EPFO payroll data, released by the ministry of labour and employment on Thursday, January 2025 witnessed a month-on-month increase of 11.4% compared to 1.60 million formal jobs created in December 2024. Net new subscribers added to EPFO stood at 1.28 million in April, 1.35 million in May, 1.39 million in June, 1.61 million in July, 1.58 million in August, 1.88 million in September, 1.34 million in October and 1.46 million in November 2024.

Subscribe to enjoy similar stories. The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. Months ago, policymakers presumed they would spend 2025 gradually cutting rates to keep inflation heading down without a big rise in joblessness to achieve the so-called soft landing.

Subscribe to enjoy similar stories. A laser-sharp focus on the US market in a world being reshaped by artificial intelligence has cast shadows over three Indian tech services companies catering to healthcare and life sciences companies. Lack of diversified businesses, policy uncertainty in the Donald Trump era, and the challenges of GenAI pose major risks for Sagility Ltd, Indegene Ltd, and Inventurus Knowledge Solutions Ltd, all of which listed on the stock exchanges in the past year, analysts said.

Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges.

But his tariffs could have the opposite effect on the company's suppliers. Trump has imposed a few tariffs so far, but he says more are coming in just a few weeks. That threat has unnerved the aerospace industry, of which Boeing is one of the largest companies. Duties on aluminum and steel, two of the most important raw materials used in aircraft, are expected to raise manufacturing costs. But the industry is far more concerned by tariffs that take effect on goods from Canada and Mexico next month, which could disrupt the highly integrated North American supply chain. «These tariffs are particularly fraught for an industry like aerospace that has been duty-free for decades,» said Bruce Hirsh, a trade policy expert at Capitol Counsel, a lobbying firm in Washington, which has aerospace clients. «Parts are coming from everywhere.» Many companies have been able to avoid costly cross-border tariffs under a short-term reprieve for products covered by a North American trade agreement that Trump negotiated in his first term. But that deal expires in April.

With a focus on infrastructure development, affordable housing, and sustainable urban initiatives, the budget positions the city for robust growth. Key projects announced include the Future City initiative, which covers 765 sq km and aims to transform Hyderabad into a global hub for high-value industries. This plan includes specialized zones like AI City and Pharma Hub, which are projected to significantly boost office space absorption as multinational corporations and high-value industries set up operations. As India’s first Net Zero urban development, Future City aligns with global sustainability goals, enhancing Hyderabad’s appeal to international investors and strengthening its position in the commercial real estate sector.

Malaysia Airlines Flight MH370 has resumed, marking another effort to solve one of aviation's greatest mysteries. Malaysia has agreed to terms and conditions of an agreement with Ocean Infinity to resume the search for the wreckage of the missing Malaysia Airlines flight MH370, its transport minister said on Wednesday. The decision will enable commencement of seabed search operations in a new location estimated to cover 15,000 square km in the southern Indian Ocean, based on a «no find, no fee» principle, minister Loke Siew Fook said in a statement. The firm will receive $70 million if the wreckage is successfully located, he said. The aircraft vanished on 8 March 2014 while flying from Kuala Lumpur to Beijing with 239 people on board. Now, nearly 11 years later, Ocean Infinity has launched a fresh search in the Indian Ocean, 1,500 km off the coast of Perth, Australia.

Subscribe to enjoy similar stories. The last couple of decades have witnessed a digital revolution that has completely transformed daily life. From grocery shopping to banking, every task is now just a tap away.

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.

Zydus Lifesciences shares will be in focus on Wednesday after the company secured final approval from the US Food and Drug Administration (USFDA) to manufacture a generic version of Apalutamide tablets, used to treat prostate cancer. The approval covers Apalutamide tablets of 60 mg strength, the company said in a regulatory filing. The drug will be manufactured at Zydus Lifesciences' SEZ facility in Ahmedabad.