RAI Financial News

Supreme Court on Thursday recommended the appointment of Calcutta High Court judge Justice Joymalya Bagchi as a judge of the Supreme Court. The five-member Collegium, headed by Chief Justice Sanjiv Khanna, noted that no Calcutta High Court judge rose to become the Chief Justice of India since the retirement of Justice Altamas Kabir on July 18, 2013. The Collegium also took into consideration the fact that the Calcutta High Court has only one representation in the Supreme Court bench at present. If the Collegium's recommendation is cleared by the Centre, Justice Bagchi would have a tenure of more than six years at the top court during which he will also serve as the Chief Justice of India.

Mitchell Santner on Thursday acknowledged India's familiarity with the slow pitch here at the DICS, but said his side is ready for a «scrap» in the Champions Trophy final. The Kiwis arrived here on Thursday evening ahead of the ICC showpiece's title clash against India on March 9. «They've played all their games here in Dubai and know that surface. Obviously, the surface will dictate a little bit of how we want to operate. It might be a little bit slower than what we got in Lahore. It might be more of a scrap, but we're down to scrap,» Santner said after touching base in the city. However, Santner said New Zealand can take some solace from their experience of playing against India during the group stage.

The bench was considering a legal question on Section 319 of the Code of Criminal Procedure (CrPC). Section 319 of the CrPC empowers the court to proceed against other persons appearing to be guilty of offence if it comes to light during the inquiry or trial that the person, who is not named as an accused, has committed the offence.

Standing alongside top EU chiefs, including Ursula von der Leyen and Antonio Costa, Zelenskyy said it meant Ukraine was not «alone» in its fight to repel Russia's invasion. «We are very thankful that we are not alone. And these are not just words,» Zelenskyy said, standing alongside EU chiefs Ursula von der Leyen and Antonio Costa. «It's very important you made a strong signal to the Ukrainian people.»

foundit (formerly Monster APAC and ME), Asia's jobs and talent platform. There has been 41 per cent growth in hiring in February 2025 compared to a year ago, driven by the fresher job market which maintained steady growth, according to the report. Among sectors, IT — Hardware and Software continued to lead fresher hiring, nearly doubling its share from 17 per cent in 2024 to 34 per cent in 2025, the report said. «The shift towards skill-based hiring is undeniable. Employers are increasingly prioritising candidates with practical expertise and industry-relevant skills,» foundit CEO V Suresh stated. The foundit Insights Tracker (fit) is a comprehensive monthly analysis of online job posting activity on foundit.in platform.

Supreme Court on Thursday said courts were not expected to keep the matters concerning liberty after a long gap. A bench of Justices B R Gavai and Augustine George Masih made the observation after being informed that the Punjab and Haryana High Court posted the hearing of a plea for temporary bail on medical grounds after two months. The petitioner's counsel said he had approached the high court for the grant of temporary bail on the ground that her client's two-year-old daughter needed urgent surgery. The lawyer argued the high court, in its order passed on February 21, posted the matter on April 22.

home loan EMI subvention scheme offered by many builders and developers a decade ago. According to TOI, subvention schemes were supposed to make things easier for buyers, but in many cases, became instruments that gave builders access to loans without accountability and left homebuyers in the city to bear the aftershocks, like demand letters to pay EMIs despite houses running years behind schedule. Also read | How an easy home loan EMI scheme turned into a nightmare for many homebuyers in Delhi NCR

MapMyCrop said on Thursday it has raised Rs 15.7 crore ($1.8 million) in seed funding led by YourNest Venture Capital, with participation from angel investors including Eaglewings Ventures. The New York-headquartered company plans to use the investment to expand operations, fulfill pilot orders, strengthen its sales and operations teams, and advance its platform technology, it said in a statement. MapMyCrop utilises satellite imagery and artificial intelligence to provide crop monitoring services that help farmers track crops, predict yields and optimise supply chains.

Automobile retail sales across categories, including passenger vehicles and two-wheelers, witnessed a drop of 7 per cent in February amid declining demand, dealers' body FADA said on Thursday. Overall retail sales in the domestic market stood at 18,99,196 units last month, registering a dip of 7 per cent compared to 20,46,328 units in the year-ago period. «February witnessed a broad-based downturn across all categories,» Federation of Automobile Dealers Associations (FADA) President C S Vigneshwar said in a statement. During the month, dealers began expressing concerns about inventory being pushed to them without their consent, he added.

Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday stated that the world's leading economies are grappling with a population crisis. Speaking at a book launch, Naidu emphasised that while these countries possess advanced resources such as Artificial Intelligence and cutting-edge technologies, they lack a sufficient workforce to operate them. «All top countries in the world are struggling. There is no population. AI and technology exist, but there are no people to operate them,» he said.

Donald Trump’s threatened reciprocal levies that could upend bilateral and global trade. “Our relations with the US are probably the best they have been,” India’s External Affairs Minister Subrahmanyam Jaishankar said Wednesday at Chatham House — a London-based independent policy institute. India’s trade minister is holding conversations with his US counterparts, the minister said. Trump told a joint session of the US Congress on Wednesday that many nations, including India, set tariff rates too high and reiterated they will be hit by reciprocal levies that take effect from April 2.

DCB Bank has once again cut its fixed deposit (FD) interest rates for deposits less than Rs 3 crore, marking the second such reduction within a month. The bank has reduced up to 25 basis points on select tenures. The highest FD interest rate has been cut from 8.05% to 8%. The revised rates are applicable from March 5, 2025. In February, the bank reduced the interest rate on fixed deposits for select tenures by up to 65 basis points (bps) effective February 14, 2025.

Uttarakhand if they come to the state in the winter. «The government's vision of round the year tourism will strengthen the economy and create jobs for the youth,» he said. «We want border areas to reap the benefits of tourism,» Modi added.

IMF report to flag «tepid» private investment growth in India, the Congress on Thursday said the way out of the current "economic slump" needs measures to boost consumption, enhancing policy predictability, and rationalising trade policy. Congress general secretary in-charge communications Jairam Ramesh said the International Monetary Fund (IMF) has devoted an entire section to «Reigniting Private Investment in India» in its just-released annual India Article IV Consultation Report. «Somewhat unusually, it is a strong--if implicit- critique of the Modi government's policies and actions,» he said in a statement. «The report underscores the tepid private investment growth in India, noting that 'private corporate investment has been sluggish especially compared with historical averages.'

Tamil Nadu politicians including Chief Minister MK Stalin and Kamal Haasan have raised concerns over the upcoming delimitation exercise, scheduled for 2026. The electoral exercise has sparked significant debate, particularly among southern states. However, leaders from states like Tamil Nadu express concerns that this process could diminish their political influence in Parliament. Tamil Nadu CM Stalin urged newlywed couples to plan a family early, linking it to Tamil Nadu’s representation in Parliament.

The train offers larger cabins, noise reduction, and adjustable storage for bicycles and wheelchairs. China, with the world's largest high-speed rail network (47,000 km), plans to use the CR450 to shorten travel times, like the Beijing-Shanghai route from 4.5 hours to just over three. A commercial launch could happen as early as next year.

A similar surge in late February triggered heatwave warnings for two consecutive days, February 25 and 26. The India Meteorological Department (IMD) has forecasted even hotter days ahead, predicting a maximum temperature of 38°C on Sunday.

Andy Jassy is restructuring the company’s hierarchy to reduce layers of middle management and give employees more responsibility. In an interview with Bloomberg, Jassy highlighted concerns about excessive managerial layers slowing down decision-making. “You add a lot of people and you end up with a lot of middle managers. And those middle managers, all well-intended, want to put their fingerprint on everything,” Jassy said.

«Keeping in mind the sentiments of the people of Maharashtra, he has been suspended by the Speaker,» Shinde told reporters. «Maharashtra will not spare anyone who disrespects Chhatrapati Shivaji Maharaj and Chhatrapati Sambhaji Maharaj. This is just the first step; he has just been given a signal that if he does anything like this again, Maharashtra will not forgive him,» he added.

live-fire military exercises in Pocheon, South Korea, a fire official said. An official at Gyeonggi-do Bukbu Fire Services said out of the eight people who had been wounded, four were seriously hurt. Pocheon is about 40 kilometres (25 miles) northeast of Seoul and near the heavily militarised border with North Korea.