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US economy, a new pattern is surfacing among Americans as they are falling behind on car payments at a record pace, as per a report. This could be a warning sign similar to the 2008 financial crisis, reported Daily Mail.

IndusInd Bank has not sought any fresh capital from its promoters even though it suffered a huge loss in its net worth following an accounting discrepancy, IIHL chairman Ashok Hinduja said on Tuesday. IIHL, the investment arm of Hinduja Group, has recently got RBI's in-principle approval to raise its stake in IndusInd Bank from 16 per cent to 26 per cent. According to Hinduja, IndusInd International Holdings Ltd (IIHL) — the Mauritius-based promoters of the private sector lender — has committed to infuse capital into the bank in case there is a requirement. However, the bank has not sought any fresh infusion as the overall capital adequacy is at a comfortable level of over 15 per cent, he told reporters on the sideline of an event.

Elon Musk's silence at high-profile dinners a sign of genius, or is he simply uninterested? According to his ex-wife, Talulah Riley, many people mistook his boredom for genius. In a resurfaced interview, she reveals the uncomfortable truth about Elon Musk's quiet, distracted presence at social gatherings. A man who frequently discusses colonizing Mars and fusing AI with human brains may find that banal conversation at a dinner party isn't enough. According to his ex-wife, his silence was interpreted as a profound reflection rather than a simple lack of interest in the subject, as quoted in a report by Benzinga.

Philadelphia Eagles star Brandon Graham has announced his retirement from the NFL. The Super Bowl LIX champion and long-time fan favourite brought the curtain down on a 15-season career, all spent with the Eagles. As per reports, Graham, 36, suffered a torn triceps in November which apparently brought his playing days to an end. However, he defied expectations to return for the Eagles’ Super Bowl triumph over the Kansas City Chiefs. This cemented his status as one of the team’s all-time greats. According to a Daily Mail report, on Monday, the Eagles posted a picture of Graham walking past the Rocky statue. A pair of green cleats was hanging from the statue. The post also included a quote from the film.

Pope Francis said in a letter published Tuesday that his lengthy illness has helped make «more lucid» to him the absurdity of war, as his top deputy shot down any suggestion of resignation and plans progressed for an upcoming meeting with Britain's King Charles III, as per a report. Italian daily Corriere della Sera published a letter to the editor from Francis, signed and dated March 14 from Rome's Gemelli hospital where the 88-year-old pontiff has been treated since February 14 for a complex lung infection and double pneumonia, AP reported. In it, Francis renewed his call for diplomacy and international organizations to find a “new vitality and credibility.” And he said that his own illness had also helped make some things clearer to him, including the «absurdity of war». “Human fragility has the power to make us more lucid about what endures and what passes, what brings life and what kills,” he wrote. Responding to a letter from the newspaper’s editor-in-chief, Luciano Fontana, Francis also urged him and all those in the media to “feel the full importance of words.”

IndusInd Bank promoters have reiterated their commitment to the bank saying that the depressed stock value makes it an attractive level to double down their investment in the private sector lender. Though the bank, which has lost half of its value in the last six months, has not yet asked for any fresh fund infusion from parent IndusInd India Holdings Ltd (IIHL), the promoters see this as an opportune time to invest, said Ashok Hinduja, chairman of IIHL. “Their capital adequacy is already more than 15% and they don't need any further capital, because (it is) excess money. Unless there is a plan, is not necessary to provide,” Hinduja said even as IIHL on Tuesday announced the completion of takeover of debt-ridden Reliance Capital more than year year after the National Company Law Tribunal (NCLT) had approved it.

In a letter to Chancellor Rachel Reeves and City minister Emma Reynolds, the £11bn asset manager said it shares the latter's view that holding onto cash savings means investors are missing out on significant potential returns on their capital.  Reeves not expected to make changes to Cash ISAs in Spring Forecast – reports The asset manager made two suggestions to the Treasury, the first being a limit the future tax benefit of Cash ISAs to £5000. This would «significantly reduce the almost £300bn allocation to cash within ISAs and immediately increase future investment savings into e...

insurance units of Reliance Capital in two to three years, after it completed the transaction to buy the financial services firm. IndusInd International's bid to acquire debt-ridden Reliance Capital for around 96 billion rupees was approved by a bankruptcy tribunal in February last year.

US Treasury Department's Financial Crimes Enforcement Network (FinCEN) will track cash transactions in some geographical regions in the United States to address illegal activities, as per a report.

Justin Baldoni and Blake Lively's legal battle continues, with Justin Baldoni's lawyer indicating that a settlement before the 2026 trial is unlikely and the courtroom drama is far from over. Blake Lively obtained a confidentiality order, whereas Baldoni insists on proving his innocence in court. Both sides remain firm, and tensions rise as the case progresses, as per reports.

Alphabet will be acquiring cybersecurity startup Wiz for $32 billion. This is Alphabet’s largest-ever deal as it seeks to enhance cloud computing security. The price of the acquisition, announced on Tuesday, is significantly higher than the $23 billion Google had initially offered for Wiz in 2023. The all-cash acquisition is expected to strengthen Google Cloud’s security capabilities against rivals Amazon Web Services and Microsoft Azure. The 2023 deal had fallen through over antitrust concerns. This led the cybersecurity startup to shift its focus towards an initial public offering (IPO) and boosting recurring revenue. However, with shifting regulatory policies and Wall Street’s optimism about a more business-friendly environment under Donald Trump, Google successfully revived and completed the deal.

revenue and profit is to check their relative financial performance and pick up companies that have reported growth in these parameters. According to the ETIG analysis, there are nine companies in ET 500, which have reported revenue and net profit in nine months to December that exceeded the corresponding numbers for the previous fiscal year, that is FY24. The list includes brokerage firm Motilal Oswal Financial Services, AU Small Finance Bank, infrastructure companies such as GMR Power, Texmaco Rail and Engineering, and Suzlon Energy, electronics manufacturer Dixon Technologies, new age companies Zomato and PB Fintech, and Gokul Agro Resources, which manufactures edible and nonedible oils.

US astronauts Butch Wilmore and Sunita Williams prepare to return home after nine months aboard the International Space Station (ISS), some of the health risks they've faced are well-documented and managed, while others remain a mystery, as per a report. Bone and muscle deterioration, radiation exposure, vision impairment — these are just a few of the challenges space travelers face on long-duration missions, even before considering the psychological toll of isolation, AFP reported. These dangers will only grow as humanity pushes deeper into the solar system, including to Mars, demanding innovative solutions to safeguard the future of space exploration. 45 Days Will be Crucial Astronauts must attend NASA's 45-day post-mission rehabilitation program. Another challenge is «fluid shift» — the redistribution of bodily fluids toward the head in microgravity. This can increase calcium levels in urine, raising the risk of kidney stones, as per AFP report.

Siemens will cut 5,600 jobs from its flagship digital industries business, the German engineering company announced on Tuesday, saying it was adjusting its production capacity in line with weak demand. Siemens said «muted demand primarily in the key markets of China and Germany coupled with increased competitive pressures have considerably reduced orders and revenue in the industrial automation business» over the last two years. Global demand for automation technology is intact over the long term, Siemens said, but the company had to adjust its production capacity in line with market conditions. The job cuts were first flagged by Siemens last November, while in its latest quarter Siemens reported big drops in sales and profits at the division, as Germany, China and Italy all struggled. Digital Industries employs about 68,000 people worldwide, with 2,600 of the axed jobs coming in Germany.

Trump administration in court filings has for the first time acknowledged that it fired nearly 25,000 recently hired workers, and said agencies were working to bring all of them back after a judge ruled that their terminations were likely illegal. The filings made in Baltimore, Maryland, federal court late Monday include statements from officials at 18 agencies, all of whom said the reinstated probationary workers were being placed on administrative leave at least temporarily. The mass firings, part of President Donald Trump's broader purge of the federal workforce, were widely reported, but the court filings are the first full accounting of the terminations by the administration. Most of the agencies said they had fired a few hundred workers. The Treasury Department terminated about 7,600 people, the Department of Agriculture about 5,700 and the Department of Health and Human Services more than 3,200, according to the filings. U.S. District Judge James Bredar on March 13 said the mass firings of probationary workers that began last month violated regulations governing the mass layoffs of federal employees, and ordered them to be reinstated pending further litigation.

Russian comedian has been arrested while trying to leave the country after he was publicly denounced for allegedly mocking war invalids, as per a report. In a clip from a stand-up performance that was posted online, Artemy Ostanin told a joke about a supposed encounter with a legless beggar in the Moscow metro, Reuters reported. Investigators opened a case against him at the weekend after Sergei Zaitsev, the head of a self-styled public movement named Zov Naroda (Call of the People), complained that the beggar could be a casualty of Russia's war in Ukraine. «His jokes, mocking an invalid — essentially our soldier who lost his legs in the special military operation — cross all boundaries of morality and ethics,» Zaitsev said. Ostanin, in a subsequent online interview, denied the accusations and said there was not a word in the joke about the Ukraine war. But on Tuesday, investigators said in a statement that he had been arrested on suspicion of inciting hatred and debasing human dignity, an offence that carries a jail term of up to six years.

Rasha Alawieh, a Brown University assistant professor and doctor, was deported over the weekend from Boston to Lebanon after federal agents found pictures of former Hezbollah leader Hassan Nasrallah and Iran’s supreme leader on her cell phone. Despite holding a valid visa and a court order blocking her deportation, she was returned to Paris while re-entering the US, alleging her ties to Hamas. This incident has raised concerns about US Customs and Border Protection's actions and judicial authority.

Starlink is likely to be subjected to a spectrum usage charge (SUC) in India, a levy that had been scrapped for terrestrial network providers such as Reliance Jio, Airtel, and Vodafone Idea a few years ago, ToI reported citing sources. If imposed, the tax will increase costs for the Elon Musk-led satellite communications company in India. The potential charge adds to the challenges Starlink is already facing as it negotiates strict compliance mandates related to internet suspension and interception. Sources told ToI, Starlink, which is set to receive telecom airwaves through administrative allocation under the new telecom law passed in December 2023, may have to pay around 3% SUC on its adjusted gross revenue from the country.

On Tuesday, gold hits USD 3,005.00 per ounce in the United States (US). Gold's recent rally has been remarkable, with prices surging from USD 2,500 to USD 3,000 in just 210 days. This is a much faster increase compared to historical trends, where it has typically taken an average of 1,700 days for gold to rise in USD 500 increments. The speed of this latest price movement highlights the strong momentum gold has built over the past two years, driven by a combination of market fundamentals and investor sentiment. Market analysts caution that, despite gold's strong upward momentum, a period of consolidation is likely. Historically, gold has remained above previous USD 500 increments for an average of nine days before experiencing a brief pullback. However, in four out of five instances, gold rebounded above the same level within a few days.

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