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Citibank's latest forecast means it expects a total of 100 basis points in rate cuts for the year, in line with those predicted by JPMorgan and Nomura. The Reserve Bank of India cut the repo rate by 25 basis points to 6.25% in February, its first in nearly five years. The 27% tariff imposed by the U.S. on Indian imports could impact GDP growth in 2025-26 by close to 40 basis points, Samiran Chakraborty, Citi's chief India economist, said in a report. «If these tariffs lead to a material global growth slowdown, then potentially that could impart a larger negative effect on India's exports,» Chakraborty said. «Also, we are worried that persistent uncertainty around continuously negotiated tariffs could depress private investment intentions and affect GDP growth too,» he said.

Rajya Sabha early Friday adopted a Statutory Resolution confirming the imposition of President's Rule in strife-torn Manipur with members across party lines supporting the decision. Even though opposition members slammed the Centre for its failure to restore law and order in the state and control violence, the government said it was making all efforts to bring normalcy in the state, asserting that its policy was not to impose President's Rule in states. Speaking at the end of the discussion on the resolution, Union Home Minister Amit Shah said a meeting between the two communities from Manipur is likely to take place in the national capital soon. Shah informed the House that two meetings between the communities had already taken place in Manipur while the House was in session. "...We are investing our efforts to bring peace back in Manipur. Thirteen meetings have happened. We brought up the subject late as meetings were going on. The next meeting is in the offing and the issue will see its resolution soon," the minister said. «The path to communication is open… We don't use this for political mileage,» Shah added.

Marco Rubio has assured NATO allies that Washington is committed to the alliance, despite concerns raised by President Donald Trump’s earlier remarks. Speaking at a NATO foreign ministers’ meeting in Brussels, Rubio said that the United States seeks a stronger and more capable NATO. Rubio, as per the reports, said that the US is as active in NATO as it has ever been. He dismissed alleged hysteria and hyperbole in the media over Trump’s stance on the alliance. Rubio said that Trump has made it clear that the US supports NATO and they will remain a part of the organisation. However, Rubio reiterated Trump’s call for NATO allies to shoulder more responsibility. He, as per the Euro News report, urged European nations and Canada to increase their defence spending to five per cent of GDP. This reportedly is double of the current two per cent target which several nations including Belgium, Italy, and Spain fail to meet. Also Read :Judge who sentenced Marine Le Pen now under police protection

The three-day Randox Grand National festival got underway on Thursday and will go on till Saturday, with more than 150,000 racegoers expected to take part in it. This mega event is estimated to boost the economy by nearly £60 million (nearly $79 million) and is expected to attract a TV audience of around 600 million worldwide, BBC reported.

Subscribe to enjoy similar stories. MUMBAI : Parag Parikh Financial Advisory Services (PPFAS) Ltd’s flagship flexi-cap scheme has a cult following in the mutual fund space. After all, it has generated a compound annual growth rate (CAGR) of 18% since its launch in 2013.

Rahul Gandhi due to the complainant's failure to present a witness. Advocate Kashi Prasad Shukla, representing the Rae Bareli MP, confirmed that the hearing could not take place due to absence of witness. The hearing was supposed to take place on Thursday, but since the complainant failed to present any witness, no proceedings could be conducted, Shukla said. The court has now scheduled the next hearing for April 15, he added. The defamation case dates back to 2018, when local BJP leader Vijay Mishra filed a defamation suit against Gandhi over his alleged derogatory remarks against BJP leader Amit Shah made during the Karnataka assembly elections. During the five years between 2018 and 2023, the case underwent multiple proceedings, but Gandhi reportedly failed to appear in court. In December 2023, following a warrant, the Congress leader appeared in court. In February 2024, he complied with the summons and the special magistrate granted him bail on two sureties of Rs 25,000 each. The court later instructed him to record his statement, which was finally completed on July 26, 2024, though after multiple postponements.

India's finished steel imports from China, South Korea and Japan hit a record high in the first 10 months of the previous financial year which ended on March 31, government data showed. The new rules under the «Domestically Manufactured Iron And Steel Products Policy 2025» mandates all ministries, departments and agencies under the Indian government to prioritise locally manufactured iron and steel products.

Subscribe to enjoy similar stories. If you want to get the maximum possible interest for the year in your Public Provident Fund (PPF) account, April is a crucial month. If you invest ₹1.5 lakh in PPF from 1-5 April, you are entitled to the full year’s interest, as the per-month interest is calculated on the lowest balance in the first five days of the month, and April marks the start of the financial year.

HDFC Bank will be in focus on Thursday after the Securities and Exchange Board of India (Sebi) issued an administrative warning letter to the banking major on Wednesday for regulatory non-compliance. This follows a periodic inspection of the bank's custody activities, during which Sebi found alleged non-compliance with specific regulatory guidelines for custodians, as stated in a regulatory filing by the bank.

Subscribe to enjoy similar stories. MUMBAI : India’s insurtech startups are no longer content with the domestic market. Facing intensifying competition at home and comparatively smaller transaction sizes, these firms are aggressively expanding into West Asia, Southeast Asia, and Europe—regions where insurers are ramping up digital adoption and willing to pay more for advanced tech solutions.

Subscribe to enjoy similar stories. Wockhardt Ltd that built its name as a maker of generic drugs is shifting its focus in the US market to developing new antibiotics, turning away from generics and entering a space largely vacated by Big Pharma in recent years. The company is working on new antibiotics and has identified segments for a push into biosimilar drugs, chairman Habil Khorakiwala said, in the wake of promising results shown by Zaynich, an antibiotic it developed in-house.

Reserve Bank of India is expected to announce another policy rate cut next week, while a further improvement in liquidity conditions is also seen. HDFC Bank, Yes Bank and Bandhan Bank, as well as NBFC Bajaj Finance, have all reduced deposit rates this week. This would eventually lead to lower lending rates and improve transmission of policy rates, treasury officials said. RBI has purchased bonds worth ₹1.4 lakh crore since January to improve liquidity in the financial system. On Tuesday, it announced buyback of another ₹80,000 crore.

Carlos Duran moved to the Oakland Athletics when the team acquired outfielder Esteury Ruiz from the Los Angeles Dodgers. The Oakland Athletics designated 26-year-old Ruiz for assignment before completing his transfer to Triple-A Oklahoma City. The Dodgers added Esteury Ruiz from the Athletics after moving Kyle Hurt to the 60-day injured list to recover from his Tommy John procedure.

Barrackpore MP and BJP leader Arjun Singh gets interim relief from Calcutta High Court from any coercive action against him before Wednesday’s hearing at HC. Singh is facing major legal trouble over a shooting incident as the Barrackpore ACJM court issued an arrest warrant against him on Tuesday. Justice Joy Sengupta’s Bench in Calcutta High Court today observed that no coercive action or arrest cannot be done against him till tomorrow’s hearing. Singh has appealed for bail in the court. Singh said yesterday that he has already moved Calcutta High Court. On Friday, Calcutta High Court had declined an urgent hearing on Singh's appeal alleging police harassment. The former MP claimed that miscreants attacked his residence on the night of March 26-27. One person named Saddam Hossain was injured in the incident.

Neworld Developers, a Gurugram based realty company is targeting Rs 5,000 crore revenue over the next five years from multiple projects across Haryana and Goa, a senior executive said. With a focus on delivering integrated townships, villas, resorts, and hospitality-linked developments, the company’s first project will be in Goa and will be launched in May 2025. The project, which is near to the MOPA airport, has already received all necessary approvals under state regulations, including the NA (Non-agricultural) registration and Occupancy Certificate (OC), ensuring transparency and reliability for homebuyers.

The Problem with India’s Onion Export Policies India’s approach to controlling onion exports has been inconsistent, resulting in price volatility and disruptions in the supply chain. The government has imposed a ban on onion exports three times in the past five years, accompanied by MEP and high export duties (refer to table 1). This erratic policy-making benefits neither consumers nor farmers.

Karnataka police apprehended a six-member gang responsible for the daring robbery at the Nyamati branch of the State Bank of India (SBI) in Davangere, from which 17.7 kg of gold was stolen. The heist, which took place on October 28, 2024, had left authorities puzzled for months. However, a series of coordinated operations and cross-state investigations led to the breakthrough. The stolen gold was recovered from a well in Usalampatti town in Tamil Nadu's Madurai district, a crucial find that brought the investigation one step closer to unmasking the perpetrators. According to the police, the suspects have been identified as Vijaykumar (30), his brother Ajaykumar (28), Abhisheka (23), Chandru (23), Manjunath (32), and Paramananda (30). The group comprised both locals from Nyamati and individuals with ties to Tamil Nadu. «Vijaykumar and Ajaykumar are brothers, while Paramananda is their brother-in-law. All three are originally from Tamil Nadu but have lived in Nyamati, where they ran a sweets business for many years,» the police revealed. The other three accused—Abhisheka, Chandru, and Manjunath—hail from Nyamati, a small town in Karnataka.

Lucknow Super Giants (LSG), it got even worst for Digvesh Singh Rathi, an emerging player of the IPL 2025 season, all because of his «Kersik Williams-like» celebration. The bowler, playing only his third IPL game, gave his team an early breakthrough in clash against Punjab Kings (PBKS), who were chasing a total of 172 runs. Rathi dismissed Priyansh Arya in his very first over, giving the perfect start to the hosts. However, his celebration is something that caught the eyes of the crowd and of course, the umpires. He gave a send-off to Arya with a notebook-pen celebration, therefore violating IPL code of conduct. Rathi was fined 25 per cent of his match fee and handed one demerit point for the same. «Digvesh Singh, Bowler, Lucknow Super Giants has been fined 25 per cent of his match fees and has also accumulated One Demerit Point for breaching the IPL Code of Conduct during his team’s match against Punjab Kings at the Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium, Lucknow on Tuesday,» IPL said in a statement late Tuesday night. As per IPL, Digvesh admitted to the Level 1 offence under Article 2.5 and accepted the Match Referee’s sanction.

Subscribe to enjoy similar stories. Even as the markets regulator took a slew of measures to curb the retail frenzy in options trading, it turns out that individuals participating only in the futures and options (F&O) segment of NSE comprise less than a fifth of those who traded in derivatives last fiscal.

Subscribe to enjoy similar stories. Bengaluru: The Big Five of India’s IT services may grow slower in the year ahead as Donald Trump's tariff war threatens to hurt their large clients in the US, multiple analysts said. Inflationary policies, retaliatory tariffs and a slower pace of rate cuts are expected to darken the mood further.

systemic liquidity to enable smoother transmission of policy rate decisions. This was conveyed by the executives to Reserve Bank of India (RBI) officials at a pre-policy review consultation meeting Monday in Mumbai, sources told ET. «During the meeting, the consensus was that RBI should provide more durable liquidity in the system and that the interest rates should come down,» a person aware of the development said.