President Financial News
24.03 / 01:43
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GIFT Nifty up 75 points; here's the trading setup for today's session
«Nifty has recovered 6.3% in the last three weeks indicating value buying at lower levels. We expect this upward momentum to continue, on the back the foreign institutional investors’ return to the Indian market amid attractive valuations and signs of economic recovery,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal Financial Services.
24.03 / 01:43
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US stock futures rise as new tariffs seen targeted
US stock-index futures climbed in early Asia trading on signs that the next round of President Donald Trump’s trade tariffs could be more measured than had previously been suggested. S&P 500 futures rose, Japanese shares fluctuated between gains and losses in early trade, while Australia’s market fell. The dollar was softer against major peers, while the 10-year US Treasury yield advanced.
24.03 / 01:09
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HCL-Foxconn OSAT JV begins scouting for EPC partners
HCL-Foxconn joint venture has begun talks with Larsen & Toubro (L&T) as well as Taiwanese major CTCI as it looks to onboard an EPC (engineering, procurement and construction) partner for its upcoming outsourced semiconductor assembly and testing (OSAT) facility, people aware of the development told ET. EPC companies essentially handle projects from the initial design and engineering to construction and completion stage. «Since Foxconn's semiconductor group head was in India, HCL arranged a meeting with EPC vendors like L&T and CTCI, who have worked extensively with Foxconn,» one of the people cited earlier said. «It took place as a preliminary discussion to see who could be the partner for the facility, going forward, because HCL-Foxconn are hoping to receive Cabinet approval by the end of this month.»
24.03 / 00:31
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Mint Primer: The gold rush for silver is on. Will it persist?
Subscribe to enjoy similar stories. As the world rushes for gold, silver is also now back in vogue. Known as “the poor man’s gold", silver benefits from a correlation with gold, which just breached the $3,000 per ounce mark.
23.03 / 20:57
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How did former U.S. Attorney Jessica Aber, who resigned from her high-profile role on the day Donald Trump was sworn in, die? Mystery surrounds as police investigate
Jessica Aber, the former U.S. Attorney for the Eastern District of Virginia, on Sunday found dead at her home in Virginia. She was 43-year-old, as per a report. The cause of death, which will be declared by Virginia medical examiner, is yet to be ascertained, Independent reported. Aber was nominated to the Attorney for the Eastern District of Virginia by former President Joe Biden during his tenure, according to the Independent report. Aber resigned a day before President Donald Trump was sworn in for the second time in January. “I’ve had the privilege of spending my career as a prosecutor in the Eastern District of Virginia working alongside talented, hard-working public servants who manage matters affecting citizens here and across the world,” said Aber in the January statement of her resignation. Aber’s time in office was not without its challenges. The Eastern District of Virginia, often referred to as the «Rocket Docket» due to its efficient handling of cases, was tasked with an increasing number of complex and high-stakes cases.
23.03 / 19:49
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Cash at home case: Probe against Justice Yashwant Varma to be a 'fact-finding' inquiry
fact-finding inquiry" into the allegations against Delhi High Court judge Yashwant Varma. It will conduct a «deeper probe» into the alleged discovery of sizeable cash at the judge's residence. As per the laid down procedure, the Supreme Court in its leading judgement in 2015 said the «inquiry shall be in the nature of a fact-finding inquiry, wherein the judge concerned would be entitled to appear and have his say». 'Not formal judicial inquiry' The judgement, authored by a bench headed by former CJI JS Khehar, made it clear that «it would not be a formal judicial inquiry involving the examination and cross-examination of witnesses and representation by lawyers». The verdict said «the committee shall devise its own procedure consistent with the principles of natural justice». (a), (b), © of judgement The judgement said «after such inquiry, the committee may conclude and report to the CJI that (a) there is no substance in the allegations contained in the complaint, or (b) there is sufficient substance in the allegations...and the misconduct disclosed is so serious that it calls for initiation of proceedings for removal of the judge, or © there is substance in the allegations contained in the complaint but the misconduct disclosed is not of such a serious nature as to call for initiation of proceedings for removal of the judge».
23.03 / 15:47
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Russia-Ukraine war to end soon? Here are key talks that may determine a possible ceasefire
The meeting will precede talks between the U.S. and Russian delegations which are scheduled for Monday. The meetings follow a series of talks held in Saudi Arabia, first between the U.S. and Russia, and then later between the U.S. and Ukraine, when Kyiv accepted a 30-day truce proposal. The Ukrainian delegation at Sunday's meeting will be led by Defence Minister Rustem Umerov. President Volodymyr Zelenskiy earlier said this fact would allow Kyiv to act in a «very quick and very substantive» way. However, Ukrainian officials have said they still see Sunday's meeting in Riyadh as purely technical.
23.03 / 15:21
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Putin and Trump may have spoken more than twice, Kremlin says
Trump, who says he wants to be remembered as a peacemaker, has repeatedly said that he wants the three-year conflict in Ukraine to end and has warned of the risks of it escalating into a world war between the United States and Russia. There have so far been two announced phone calls between Putin and Trump this year — on Feb. 12 and on March 18 — though there has been speculation about much more frequent contact, and also reports that they spoke before Trump was elected last year. When asked by the most prominent Kremlin correspondent for state television about remarks by Trump that indicated there may have been more than two calls, Kremlin spokesman Dmitry Peskov said information had been released about those calls he knew of. «Listen, we inform you about the conversations that we are aware of. But we can't rule out everything else,» Peskov said.
23.03 / 14:47
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Two months into Trump's second administration, news industry faces challenges from all directions
Trump administration, the biggest concern for many journalists was labels. Would they, or their news outlet, be called «fake news» or an «enemy of the people» by a president and his supporters? They now face a more assertive President Donald Trump. In two months, a blitz of action by the nation's new administration — Trump, chapter two — has journalists on their heels. Lawsuits. A newly aggressive Federal Communications Commission. An effort to control the press corps that covers the president, prompting legal action by The Associated Press. A gutted Voice of America. Public data stripped from websites. And attacks, amplified anew. «It's very clear what's happening. The Trump administration is on a campaign to do everything it can to diminish and obstruct journalism in the United States,» said Bill Grueskin, a journalism professor at Columbia University. «It's really nothing like we saw in 2017,» he said. «Not that there weren't efforts to discredit the press, and not that there weren't things that the press did to discredit themselves.»
23.03 / 12:17
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All India Muslim Personal Law Board announces nationwide 'agitation' against Waqf Amendment Bill
All India Muslim Personal Law Board (AIMPLB) on Sunday announced a nationwide agitation against the proposed Waqf Amendment Bill. A statement issued by Mohd Vaquar Uddin Latifi, Office Secretary of the (AIMPLB) said," Following a massive and successful protest in Delhi on March 17, the All India Muslim Personal Law Board (AIMPLB) has announced a nationwide agitation against the proposed Waqf Amendment Bill. SQR Ilyas, spokesperson of AIMPLB and Convener of the Action Committee Against the Waqf Bill, expressed gratitude on behalf of the Board to all Muslim organizations, civil society groups, and leaders from Dalit, Adivasi, OBC, and other minority communities. «Without the grace of Allah and the united support of these groups, the success of the Delhi demonstration would not have been possible,» he said. He also extended thanks to the opposition parties and Members of Parliament who not only participated in large numbers but also firmly rejected the proposed legislation. The statement stated that the AIMPLB's 31-member Action Committee has resolved to adopt all constitutional, legal, and democratic means to «oppose» what it has termed a «controversial, discriminatory, and damaging» bill. «As part of the first phase of the agitation, large protest sit-ins have been planned in front of the state assemblies in Patna on March 26 and Vijayawada on March 29»
23.03 / 10:15
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'We progressed in process of restoring peace in Manipur, will need to move further ahead': Meghwal
Arjun Ram Meghwal on Sunday said that progress has been made in the process of restoring peace in Manipur and there was a need to move further ahead. He was speaking to reporters on the sidelines of a function here to mark the 12th anniversary of the establishment of the Manipur High Court. «We have progressed in the process of restoring peace and will need to move further ahead. After President's rule was imposed in Manipur, the matter was discussed in both Houses of Parliament and the need to restore peace was stressed. The Union government is committed to bringing back peace in the state very soon,» he said. Addressing the function, the Union minister said, «I pray for rapidness in the ongoing peace process in Manipur so that the state can progress and contribute to Viksit Bharat.» Governor Ajay Kumar Bhalla and Supreme Court judges were also present at the event. Responding to journalists' query on the Justice Varma cash recovery row, the Union law minister said, «The Supreme Court is probing the matter… let the report of the committee come… we will talk after that.»
23.03 / 10:15
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'Proof that Elon is an alien': Watch viral video of Elon Musk balancing forks at Trump's $1 million dinner
Billionaire Elon Musk was captured on video performing an unusual balancing act with cutlery during a dinner with President Donald Trump. The footage shows Musk seriously concentrating whilst balancing a fork and two spoons on his little finger, as Trump and Musk's companion, Shivon Zilis, observe the display. The exclusive 'candlelight' dinner occurred at Trump's Mar-a-Lago estate in Palm Beach, Florida, on March 15. According to reports, attendees were required to contribute $1 million per seat. The gathering was notably absent from the President's official schedule, as documented by Wired. The dinner coincided with Palm Event, a motorsport competition in Palm Beach. The dinner invitation, bearing a 'MAGA INC' header, clarified that President Trump was «appearing at this event only as a special guest speaker and is not asking for funds or donations.» The contributions were directed towards the Make America Great Again PAC, supporting Trump's 2024 presidential campaign. The invitation, reviewed by Wired, stated simply: «You are invited to a candlelight dinner featuring special guest President Donald J. Trump.» It continued with: «Additional details provided upon RSVP. RSVPs will be accommodated on a first come, first serve basis. Space is very limited. $1,000,000 per person.»
23.03 / 07:51
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Trump says efforts to temper Russia-Ukraine war 'somewhat under control'
Trump said on Saturday that efforts to stop further escalation of the Russia-Ukraine war are «somewhat under control.» «Rational discussions» and having good relationships with presidents Vladimir Putin of Russia and Volodymyr Zelenskiy of Ukraine are key to negotiating an end to the war, Trump told Clay Travis, the founder of sports website Outkick, during an interview on Air Force One. Trump had separate discussions with Putin and Zelenskiy last week aimed at ending the war that began when Putin ordered the full-scale invasion of Russia's smaller neighbor in 2022. The talks, which fell short of Trump's aim to secure a full 30-day ceasefire, resulted in Putin agreeing to stop Russian attacks on energy infrastructure for 30 days and Zelenskiy saying he would also accept such a pause.
23.03 / 07:51
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Podcasts
PM Modi's Lex Fridman podcast now available in more than 10 languages
Narendra Modi with American researcher and podcaster Lex Fridman is available now in more than 10 languages, the Prime Minister said on Sunday, while encouraging people to give it a listen. «The recent podcast with Lex Fridman is now available in multiple languages! This aims to make the conversation accessible to a wider audience. Do hear it,» read a post by PM Modi as he shared the link to the translations. The translations have been posted by public broadcaster Doordarshan in their multiple regional language channels. The episode is now available in Gujarati, Telegu, Punjabi, Bengali, Kannada, Marathi, Assamese, Odia, Tamil and Malayalam.
23.03 / 06:29
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Donald Trump does not know who signed Alien Enemies Act to deport Venezuelan migrants
Donald Trump has denied signing the Alien Enemies Act to deport Venezuelan migrants. “I don’t know when it was signed, because I didn’t sign it,” Trump told reporters. Trump, however, defended his administration saying, “We want to get criminals out of our country, number one, and I don’t know when it was signed, because I didn’t sign it...Other people handled it, but (Secretary of State) Marco Rubio has done a great job and he wanted them out and we go along with that. We want to get criminals out of our country.” His comments came after Judge James Boasberg claimed that the proclamation was “signed in the dark” of night and that migrants were hurried onto planes, CNN reported. The judge had issued a two-week temporary block on Trump's use of the Alien Enemies Act of 1798 to deport 238 alleged members of Tren de Aragua, a Venezuelan gang. The judge said in court that any flights already en route should return to the US. His written order following the hearing appeared in the court's online docket, the justice department said in a court filing.
23.03 / 05:03
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Ukrainians don’t trust Russia on cease-fires, as killing usually doesn’t stop
Subscribe to enjoy similar stories. KYIV, Ukraine—It was a scorching summer day in 2014 when Artem Kravchenko and hundreds of other Ukrainian soldiers put their trust in a Russian promise not to open fire and retreated in a column from the surrounded city of Ilovaisk. By the end of the day, Kravchenko found himself lying in a ditch surrounded by dead comrades after Russian forces shot up the column.
23.03 / 03:41
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Trump plans his tariff ‘Liberation Day’ with more targeted push
Donald Trump’s coming wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened, aides and allies say, a potential relief for markets gripped by anxiety about an all-out tariff war. Trump is preparing a “Liberation Day” tariff announcement on April 2, unveiling so-called reciprocal tariffs he sees as retribution for tariffs and other barriers from other countries, including longtime US allies.
23.03 / 01:55
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Trump targets lawyers in immigration cases, lawsuits against administration
In a memorandum to U.S. Attorney General Pam Bondi late on Friday, Trump said lawyers were helping to fuel «rampant fraud and meritless claims» in the immigration system, and directed the Justice Department to seek sanctions against attorneys for professional misconduct. The order also took aim at law firms that sue the administration in what Trump, a Republican, called «baseless partisan» lawsuits. He asked Bondi to refer such firms to the White House to be stripped of security clearances, and for federal contracts they worked on to be terminated. Ben Wizner, a senior lawyer at the American Civil Liberties Union, said the new directive sought to «chill and intimidate» lawyers who challenge the president's agenda. Trump has separately mounted attacks on law firms over their internal diversity policies and their ties to his political adversaries. «Courts have been the only institution so far that have stood up to Trump's onslaught,» Wizner said. «Courts can't play that role without lawyers bringing cases in front of them.» The ACLU is involved in litigation against the administration over immigrant deportations, including the expulsion of alleged Venezuelan gang members.
23.03 / 00:33
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International
IAEA chief backs India's entry into nuke club NSG
International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi, as he backed the country's entry into the coveted Nuclear Suppliers Group (NSG). Speaking to ET during his visit to India this week, Grossi stressed that countries that have important nuclear programmes and that manifest a wish to participate in a group (NSG) that fosters responsible trade in nuclear should be welcome. The IAEA director general recalled how when he was president of the NSG «we got very close». «The problem was not India in itself, it was the multilateral dynamic at the time.» Some countries including China and New Zealand had expressed reservations about India's entry into NSG. The NSG is a 48-member group that seeks to prevent the proliferation of nuclear weapons by regulating the export of nuclear materials and technology. The head of the UN's nuclear watchdog visited India to attend the Raisina Dialogue, and strengthen cooperation on nuclear energy and cancer care, among other issues. «I am proud to recognise Tata Memorial as an IAEA Rays of Hope Anchor Centre. A leader of the Global South, India has built strong cancer care expertise — now it's time to share it with the world. With this partnership, we will bring India's know-how to regions that need it most,» he said.
22.03 / 18:41
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Destinations
As pan-India 'BH' moves about, will states be tempted to display local identity even more prominently—a gopuram with TN, maybe?
licence plates “all manner of alphabetical permutations and combinations were on view”. This included JA (Jamaica), WAG (West Africa and Gambia), FM (Federated Malay States), BI (British India), M (Mandatory Palestine), EA (Kenya and East Africa) and SAU (South African Union). ToI explained that the UK allowed drivers from most countries to use their cars without paying any charge for 90 days, but because the US had not signed the relevant international convention: “American cars are required to be registered with British number plates and this is done at the ship’s side.” Licence plate-spotting goes back a while.
22.03 / 18:41
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After historic Olympic election comes leadership issues for IOC president Kirsty Coventry
International Olympic Committee for Kirsty Coventry. The first woman president elected in the IOC's 131-year history began Friday in a breakfast meeting with Thomas Bach to start their transition. The formal handover is on Olympic Day, June 23. They agreed Coventry will take precedence in major IOC decisions in the next three months. The 41-year-old sports minister of Zimbabwe will soon resign her government position and plans to move with her family in April to the Olympic home city, Lausanne in Switzerland. Here's a look at some of the issues ahead: Equality for women Coventry's victory is the biggest statement of Bach's consistent policies to promote women in Olympic sports and politics.
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