Reports Financial News

Manipur while impersonating Jay Shah, the son of Union Home Minister Amit Shah, were sent to six days of police custody by the Chief Judicial Magistrate Court, Imphal West on March 12. Ashem Tarunakumari Devi, CJM Imphal West, stated that one pen drive containing videos of the search, seizure, and arrest was presented. This Court is of the opinion that there is prima facie material to remand the accused persons for investigation, as it has been revealed that the mobile number which contacted the complainant's cousin brother belongs to accused Uvaish Ahmed. In the interest of a proper and effective investigation, this Court is inclined to allow the prayer for remanding them into police custody.

Specialty chemicals manufacturing startup Scimplify has raised $40 million in a Series B funding round co-led by Accel and existing investor Bertelsmann India Investments. The round also witnessed participation from UMI, 3one4 Capital and Omnivore. This brings the company’s total funding to around $54 million. The fresh capital will drive the Bengaluru-based company’s global expansion, enabling it to scale exports beyond the 16 countries it currently serves while strengthening its presence in life sciences, crop sciences, and industrial chemicals.

Last year saw a boom in India's concert economy with big names such as Ed Sheeran, Coldplay, Dua Lipa Diljit Dosanjh and Maroon 5 drawing big crowds. The success of large-scale concerts highlighted India's untapped potential as a global entertainment destination. According to BookMyShow's year-end report, 30,687 live events took place in 319 cities, marking an 18% increase in consumption compared to the previous year. Zomato Live, the ticketing arm of the food delivery company, has noted that India is becoming a hotspot for international music tours due to its growing economy and enthusiastic fanbase. After Coldplay's successful tour in India, Prime Minister Narendra Modi said that India has a massive scope for live concerts. «You must have seen fabulous pictures of Coldplay concert organised in Mumbai and Ahmedabad. It shows that India has a massive scope for live concerts. Big artists from around the world are attracted towards India… I expect the state and the private sector to focus on needed infrastructure and skills,» he said. India's emerging concert economy boosts tourism and hospitality business while also generating a large number of jobs. The

Subscribe to enjoy similar stories. IndusInd Bank shares recovered on Wednesday after falling to its lowest level in one year as investors were reassured by statements made by its promoter Ashok Hinduja and CEO Sumant Kathpalia. The shares of the private sector lender had crashed by 27% on Tuesday after the bank disclosed discrepancies in accounting for foreign currency derivative trades over a period of five to seven years.

Subscribe to enjoy similar stories. The market regulator’s recent guidelines outlining tougher disclosure requirements for related-party transactions has sparked significant apprehension about increased compliance burdens and potential operational delays. The directive, issued on 14 February, aims to enhance transparency and fairness in the related-party transaction approval processes, mandating stringent disclosure and certification requirements.

Deepinder Goyal said Wednesday that with the launch of LAT Aerospace, a startup he has founded with former Zomato executive Surobhi Das, he is bringing a “decade-old idea to life”. Confirming the development reported exclusively by ET on Wednesday in a LinkedIn post, Goyal said the startup was looking to build its founding team. In a separate post on LinkedIn, Das called on engineers to join Delhi-based LAT's team of engineers, designers, and builders across fields of aircraft design, aerodynamics, materials and composites, hybrid propulsion systems, and turbo-machinery.

Kremlin spokesperson Dmitry Peskov said Wednesday that it's important not to «get ahead» of the question of responding to the 30-day ceasefire proposal. He told reporters that Moscow is awaiting «detailed information» about it from the US and suggested Russia must get that before it can take a position. The Russian missiles killed four Syrian men between the ages of 18 and 24 on a ship docked at the southern port of Odesa late Tuesday, where it was loading Ukrainian wheat for Algeria, Infrastructure Minister Oleksii Kuleba said. Another missile killed a woman in Kryvih Rih, President Volodymyr Zelenskyy's hometown in central Ukraine, authorities said. The American help is vital for Ukraine's shorthanded and weary army, which is having a tough time keeping Russia's bigger military force at bay. But for Moscow, more American aid spells potentially more difficulty in achieving its war aims and likely will be a tough sell in Moscow for Washington's peace efforts.

Thomas Kierans was stopped by a reporter in St. John’s, Nfld., on the occasion of his 100th birthday. Regarded around town as somewhat of a local treasure, he was dressed in a tan winter coat, a colourful knit scarf and a newsboy-style cap, and he was asked about some of his equally colourful and yet never realized ideas for mega-scale infrastructure projects.

Subscribe to enjoy similar stories. Investors in Bharti Hexacom Ltd stock must be a happier lot vis-à-vis their counterparts in Bharti Airtel Ltd, the parent company holding a 70% stake in the former. Hexacom’s shares have gained as much as 66% since its listing day’s closing price of ₹813.30 apiece on 12 April 2024.

Subscribe to enjoy similar stories. MUMBAI : Automobile and ancillary sectors remain caught in the FII-selling storm that has been ravaging Indian stock markets for over six months. Foreign Institutional Investors (FIIs) continued selling automobile and auto component stocks for the seventh month in February by offloading shares worth $454 million.

Later, while interacting with reporters, she said, «My plea was that the time of 'jumma namaaz' cannot be deferred. So, let there be a two-hour break, from noon to 2 pm, during which Hindus shall avoid places in the vicinity of mosques.» «This would enable people from both faiths to carry out their respective practices without any hassles. We understand that Holi comes only once in a year. But we also need to keep in mind that for Muslims, it is the holy month of Ramzan,» the mayor added. Her remarks drew an angry response from Hari Bhushan Thakur Bachaul, a BJP MLA from the adjoining district of Madhubani, who was recently in news for asking Muslims to «stay indoors» if they had a problem with Holi. Talking to reporters on the state assembly premises, he said, «Where are the self-proclaimed secularists who were attacking me? The mayor of Darbhanga has virtually called for 'Ghazwa-e-Hind', to convert India into an Islamic caliphate.»

Iran's top diplomat said Wednesday an Arab country will soon deliver it a letter from US President Donald Trump, who has called for striking a nuclear deal with the Islamic republic. «The letter has not reached us yet but an envoy from an Arab country is set to deliver it soon in Tehran,» Foreign Minister Abbas Araghchi told reporters after a cabinet meeting. He did not elaborate on the identity of the Arab country or the timing of the letter's delivery. On Friday, Trump said he wrote a letter to Iran's supreme leader Ayatollah Ali Khamenei calling for talks to forge a new deal on Tehran's nuclear programme, or face a potential military option. But Iran has rejected talks under «maximum pressure» policy that Trump reinstated after his return to the White House in January.

obesity and weight-related health complications have become widespread concerns. As a result, there has been an upsurge in diet plans and exercise regimens, with countless fitness gurus and nutritionists offering solutions that promise swift weight loss. However, the desire to achieve and maintain an ideal weight is not a modern phenomenon. Throughout history, people—especially women—have grappled with societal expectations regarding body image. Nowhere has this pressure been more intense than in the modeling industry, where maintaining a lean and toned figure has often been considered a professional requirement.

Betsy Arakawa were found dead, along with their pet dog, at their home in Santa Fe, New Mexico in February 2025, sparking intense speculation about their cause of deaths. Recently, authorities revealed Gene Hackman died of heart disease days after his wife died from hantavirus pulmonary syndrome (HPS). But what exactly is this rare illness?

Gross Domestic Product (GDP) growth is projected to exceed 6.5% in the fiscal year ending March 2026, said Moody’s Ratings in its latest Banking System Outlook – India report, released on Wednesday. The agency attributed this growth to increased government capital expenditure, tax cuts, and interest rate reductions. Moody’s report highlighted that India’s economy is set to recover from a cyclical slowdown. The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, introduced significant tax relief under the new tax regime, exempting income up to Rs 12 lakh from taxation. The measures are expected to boost consumption and contribute to overall economic expansion. “India’s economic growth will pick up from a cyclical slowdown,” the report noted. Government spending and monetary easing are anticipated to support GDP growth, with Moody’s forecasting real GDP expansion of over 6.5% in FY26, up from 6.3% in FY25. The finance ministry’s Economic Survey has projected GDP growth in the 6.3%-6.8% range for the next fiscal, while official estimates indicate 6.5% growth for the current year.

recession this year and a risk of lasting damage to the country's standing as an investment destination if the administration undermines trust in U.S. governance, according to J.P. Morgan's chief economist. «Where we stand now is with a heightened concern about the U.S. economy,» Bruce Kasman, the U.S. investment bank's chief global economist, told reporters in Singapore on Wednesday. He said he has not yet revised any forecasts, but put a roughly 40% recession risk into the outlook — up from about a 30% chance he had reckoned on at the start of the year. J.P. Morgan's current forecast is for 2% U.S. GDP growth this year. U.S. stocks have suffered their sharpest selloff in months over recent days as investors have grown nervous that President Donald Trump will slow the economy with import duties. Ninety-five percent of economists polled by Reuters last week across Canada, Mexico and the U.S. said recession risks in their economies had increased as a result of Trump's tariffs.

SYDNEY: When Australian Dick Friend bought a Tesla in 2015, he was so impressed with its environmental credentials and performance that he and his wife bought two more of the electric vehicles, plus shares in the Elon Musk-led company. Now, however, he is selling his Tesla stock and will not replace one of his cars, wrecked in an accident last year, citing his objections to Musk's right-wing tilt and his growing role in the administration of Donald Trump. «The cars are brilliant, but we don't like the direction of the owner and we're voting with our feet,» said Friend, who splits time between homes in Hobart and Melbourne. Tesla sales in the four months since Trump's election were down 35% compared with the same time last year, according to data from Australia's Electric Vehicle Council, with a spate of vandalism in Australia and New Zealand over the last week also adding to evidence of contagion from Musk's role in the Trump administration.

employee benefits to address evolving workforce needs and attract talent amid a changing employment landscape. Organisations are now focusing on flexible health insurance, mental health support, and diversity, equity, and inclusion (DEI) measures, according to The Future of Benefits 2024 report by Mercer Marsh Benefits. The report, accessed by TOI's Rupali Mukherjee, highlights a 300% rise in companies offering flexible health insurance over the past five years. These plans now include coverage for parents, siblings, wellness programs, and financial planning tools. The study analysed data from over 10,000 policies and more than 600 benefit evaluations across 14 industries. Employees are increasingly seeking more control over their benefits, driving demand for customisable insurance and wellness schemes. The banking, financial services, and insurance (BFSI) sector offers the highest sum insured, followed by pharmaceutical and IT/ITES/e-commerce industries. Notably, 73% of IT/ITES/e-commerce firms offer insurance covering employees, spouses, children, and parents/in-laws by default, compared to 64% in pharma and 54% in manufacturing, the report noted.

Gautam Gambhir is set to accompany the India 'A' team on their tour of England ahead of the senior team's five-Test series starting June 20, TOI's Arani Basu has reported. This comes in the backdrop of Gambhir's aim to closely assess the reserve player pool during a period devoid of international fixtures for the Indian team. With the Board of Control for Cricket in India (BCCI) currently lacking a designated coach for developmental teams, it remains to be seen whether Gambhir will serve solely as an observer or if VVS Laxman, the BCCI's Head Cricket, will take on a more hands-on role. This marks a significant shift as it will be the first instance of a senior team coach traveling with the India 'A' squad. Sources revealed that Gambhir has been actively developing a roadmap that spans across formats, focusing on preparation for the 2027 ODI World Cup, as well as the World Test Championship and the 2026 T20 World Cup. «Gambhir has been in discussions with the BCCI since he returned from Australia. He has expressed his desire to travel with the India 'A' team to get a clearer view of the reserve pool,» a BCCI source told TOI.

Subscribe to enjoy similar stories. Will 2025 go down in history with 1987 and 2008? At least one strategist with an impressive record thinks that could be the case. InvesTech Research’s Jim Stack has called more than his fair share of downturns.

Subscribe to enjoy similar stories. Penny stocks are shares of listed companies with a lower market capitalization. These stocks usually have low share prices, typically under ₹100 and often below ₹50.