International Financial News

Jaiprakash Power Ventures Ltd.(up 4.26%), NTPC Green Energy Ltd.(up 3.02%), Energy Development Company Ltd.(up 2.29%), Jyoti Structures Ltd.(up 2.08%), KEC International Ltd.(up 1.64%), India Power Corporation Ltd.(up 1.59%), NLC India Ltd.(up 1.43%), Tata Power Company Ltd.(up 1.23%), Kalpataru Projects International Ltd.(up 1.22%) and Karma Energy Ltd.(up 0.99%) were among the top gainers.

Anand Mahindra is all praise for Tara Prasad. Taking to X on Tuesday, the billionaire gushed about the Indian-American figure skater, praising her for her considerable accomplishments. Dropping a video of Tara in her element on the skating rink, the Mahindra Group Chairman praised her for making India proud. “Apparently Tara switched her U.S. citizenship to an Indian one in 2019 and has since been our national skating champ three times. Well done, Tara. I hope you are in the vanguard of athletes who give India a noticeable presence in winter sports. I know you narrowly missed out on a spot in the last Winter Olympics but have your sights set on the games in ‘26. We’ll all be rooting for you. Go chase that dream,” the comment read.

Vice President JD Vance will travel to India later this month, joined by Second Lady Usha Vance. According to a Politico report citing three sources familiar with the plans, «Vice President JD Vance will travel to India later this month alongside Second Lady Usha Vance.» This will be Vance’s second foreign visit since assuming office. His first trip took him to France and Germany, where he made his global debut as vice president. While the upcoming trip is another step in his diplomatic engagements, for Usha Vance, it holds personal significance—it will be her first visit to India as Second Lady. Her parents emigrated from India to the United States, making this trip a homecoming of sorts.

U.S. Department of Education said on Tuesday it would lay off nearly half its staff, a possible precursor to closing altogether, as government agencies scrambled to meet President Donald Trump's deadline to submit plans for a second round of mass layoffs. The terminations are part of the department's «final mission,» it said in a press release, alluding to Trump's vow to eliminate the department, which oversees $1.6 trillion in college loans, enforces civil rights laws in schools and provides federal funding for needy districts. Asked on Fox News whether the firings would lead to the department's dismantling, Secretary of Education Linda McMahon said yes, adding that doing so «was the president's mandate.» The layoffs would leave the department with 2,183 workers, down from 4,133 when Trump took office in January. Before announcing the layoffs, the agency ordered offices in the Washington area closed to staff from Tuesday evening through Wednesday, according to an internal notice seen by Reuters. Similar closures served as a precursor to shuttering the headquarters of the U.S. Agency for International Development, the humanitarian aid agency, and the Consumer Financial Protection Bureau, which protects Americans against unscrupulous lenders.

Subscribe to enjoy similar stories. India has long been counted among the world’s top importers of arms. So, any slip in our worldwide rank grabs attention.

Subscribe to enjoy similar stories. Mumbai: Shares of IndusInd Bank plunged 27.2% on the bourses on Tuesday, a day after the private sector lender flagged discrepancies in its derivatives portfolio, sending panicked investors scrambling to the sell counters.

Subscribe to enjoy similar stories. Mumbai: Ashok Hinduja, chairman of IndusInd International Holdings Ltd (IIHL), the promoter of IndusInd Bank, expressed complete confidence in the ability of the bank’s managing director (MD) and chief executive officer Sumant Kathpalia to steer the bank through its challenges. Hinduja’s backing came on a day when IndusInd Bank’s stock dropped 27.17% to its 52-week low.

When Calls the Heart Season 12 continues its run, bringing new developments in Hope Valley. Episode 11 is set to premiere soon.

Fire Country Season 3 Episode 15, titled One Last Time, will be released on March 14, 2025.

Subscribe to enjoy similar stories. SAN FRANCISCO—The founder of the Museum of Failure, which celebrates product flops like Crystal Pepsi and a golf club that doubles as a urinal, has one wish for its highly anticipated exhibition slated to open here next month—that it bombs as spectacularly as the items on display. Samuel West is begging people not to buy tickets to the internationally acclaimed show, and he isn’t joking.

Zydus Lifesciences said on Tuesday it will acquire an 85.6% stake in France's Amplitude Surgical for 256.8 million euros (nearly $280 million) as part of its plans to expand further in the global medical devices market. The acquisition, which is a nearly 81% premium to Amplitude's last close, comes as India's pharmaceutical industry is bracing itself for U.S. President Donald Trump's plans to tax pharmaceutical imports. The United States is Zydus Lifesciences's biggest market, accounting for 47% of total revenue, followed by India.

Realty developer Omaxe will invest Rs 600 crore in developing 1.5 million sq ft of retail space in Faridabad, a senior executive said. The development is part of Omaxe World Street, 27 acre of which is already operational and has over 250 brands. Spanning over 120 acres, the project has future development potential as well.

IndusInd Bank facing a steep decline, Ashok Hinduja, Chairman of IndusInd International Holdings, Mauritius, has assured that the bank «is in a very healthy position.» However, he raised concerns over the impact on the market cap. «My concern is how the market has taken so much so that over Rs 16,000 crores, over $2 billion just in two hours, it has impacted the market cap. The market situation has gone so bad,» he added. The promoter reaffirmed his commitment to supporting the bank, recalling past support during the Covid-19 crisis. Hinduja emphasised that the promoter group remains ready to inject capital, including through additional warrants, and is awaiting regulatory approval to increase its stake from 15% to 26%.

Emergency crews were trying to lift the bus back onto its wheels to see if any more victims were trapped underneath it, said William Nthladi, a spokesperson for the city's Ekurhuleni Emergency Management. The crash happened on a highway near Johannesburg's main O.R. Tambo International Airport. The bus was lying on its side near the edge of the highway. It had been transporting people from the township or Katlehong, east of Johannesburg, officials said. Nine men and three women died at the scene of the crash, with two bodies still trapped in the wreckage. Officials didn't immediately give the victims' ages. Nthladi said he also couldn't give details on the extent of the injuries sustained by the people who were hospitalized. The driver was among those taken to the hospital.

Elon Musk has spilled beans on why his team targeted the United States Agency for International Development (USAID). In an interview with Fox Business, Musk said the strategy was to «follow the money» and challenge what he saw as significant financial waste and corruption. Musk previously claimed that the aid agency is «a criminal organization» and that Trump has agreed to «shut it down». Trump had posted on his Truth Social page on Friday that USAID's spending «IS TOTALLY UNEXPLAINABLE… CLOSE IT DOWN!»

ADSEZ) is well positioned to benefit from India's long-term growth due to its strategic business model and alignment with the country's development goals, according to a report by Macquarie Equity Research. The report highlighted ADSEZ's diversified port operations, strong cargo mix, and integrated logistics network as key factors supporting its resilience and long-term expansion. The report said, «ADSEZ is well positioned to capitalise on India's long-term growth potential due to its businesses' thematic alignment with the nation's development».

Holi sales, offering discounts on domestic and international flights. Akasa Air, IndiGo, and Star Air have all introduced limited-time fare reductions, making air travel more affordable for passengers planning trips around the festive season. Akasa Air has announced discounted fares across its network, with all-inclusive one-way domestic tickets starting from ₹1,499. Customers can also avail up to 15% off on Saver and Flexi base fares for both domestic and international routes by using the promo code HOLI15. Additionally, the airline is offering a flat 15% discount on seat selection for all flights. The sale is applicable for bookings made between March 10 and March 13, 2025, for travel starting March 17, 2025. It covers non-stop and connecting flights across Akasa Air’s network, with a requirement of at least seven days’ advance booking.

Ranya Rao. State's Additional Chief Secretary, Gaurav Gupta will lead the investigation. Further, an investigation was also ordered into the role of senior IPS officer Ramachandra Rao. The report is to be submitted within a week. Meanwhile, Rao's friend, Tarun Konduraju, who was accompanying her in Dubai, has also been taken into custody by the Directorate of Revenue Intelligence (DRI). On Monday, Rao was sent to judicial custody for six days. The actress was in the custody of the Directorate of Revenue Intelligence for three days for interrogation. The DRI has said it seized gold bars worth Rs 12.56 crore from Rao at Kempegowda International Airport in Bengaluru.

silver May futures contracts were trading at Rs 96,820/kg, up by 0.37% or Rs 355. Gold prices have surged by Rs 260/10 grams in the last one week while silver prices went up by Rs 560/kg in the same period.

ICC Champions Trophy, the Indian skipper Rohit Sharma said that the future of Indian cricket is in safe hands, with plenty of young talent displaying the hunger, passion and talent needed on international level, reported ICC Cricket. India's winning Champions Trophy campaign witnessed plenty of present-day and future stars like Shubman Gill (188 runs in five matches with a century), Shreyas Iyer (243 runs in five matches with two fifties), Axar Patel (109 runs in five matches with five wickets) and Hardik Pandya (99 runs in four matches and four wickets), KL Rahul (140 runs in five matches at an average of 140.00), Varun Chakravarthy (nine wickets) play a crucial role in team's second successive white-ball title win. Sharma said the way his India side made it undefeated through the ICC Champions Trophy 2025 is indicative of their passion and commitment — and it bodes well for the future.

IndusInd Bank shares will be in focus on Tuesday after the lender’s internal review estimated an adverse impact of approximately 2.35% on its net worth as of December 2024, according to an exchange filing on Monday. The review followed the Reserve Bank of India's (RBI) master directions on the derivative portfolios of lenders, issued in September 2023. It examined the bank's «Other Asset and Other Liability» accounts and identified discrepancies in account balances.