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The FOMC day is finally here, and all the attention will turn to the Fed’s latest economic projections and Powell’s press conference.

Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co. after the telecom giant notched a significant technological breakthrough last year, people familiar with the matter said. Such a move would mark another escalation in a US campaign to ringfence and curtail Beijing’s AI and semiconductor ambitions. It would ratchet up the pressure on a Chinese national champion that’s made advances despite existing sanctions, including producing a smartphone processor last year that many in Washington thought beyond its capabilities.

Reliance Power's stocks surged by 5% on March 20, hitting a peak of ₹23.83 on the BSE. This uptick follows reports of the Anil Ambani-led company successfully clearing debts owed to three major banks - ICICI Bank, Axis Bank, and DBS Bank - the previous week. According to The Economic Times report, Reliance Power's parent company Reliance Infrastructure is actively engaged in resolving outstanding dues totaling ₹2,100 crore to JC Flowers Asset Reconstruction Company.

Raymond chairman and managing director (MD) Gautam Singhania and his father Vijaypat Singhania have made amends after an ugly public spat over his separation from Nawaz Modi. The Raymond boss on Wednesday posted on social media platform X welcoming his father home. ‘’Happy to have my father at home today and seek his blessings.

have registered for using CUET-UG scores for their admission in UG programmes. More are joining...." Earlier in the day, the UGC chairman outlined the initiatives taken by the higher education regulator in the country for conducting the Common University Entrance Test for Undergraduates (CUET UG) 2024. Kumar said to improve the overall testing experience for candidates appearing in CUET UG 2024, the difficulty level of the entrance exam has been reduced to moderate, accessibility enhanced, and logistical challenges have been reduced to make the test stress-free for the candidates, reported ANI.

Narendra Modi-led government has alleged that the pleas just seek to stir up a political controversy on “bare, unsupported and pernicious statements". In an affidavit filed by Centre in the Supreme Court, the Live Law reported that the Union Ministry of Law has rejected the allegations of the petitioners claiming that Gyanesh Kumar and Sukhbir Singh Sandhu were ‘hastily’ appointed to pre-empt SC orders. "To indicate, as the petitioners suggest, that selection committees without judicial members, would invariably be biased is wholly incorrect," the affidavit read.

ANI. Earlier on Sunday, BPSC had refused to cancel the third phase of TRE for want of credible evidence. However, the Economic Offence Unit (EOU) has stuck to its stand that the questions were out a day before the exam.

Edappadi K Palaniswami exuded confidence that the AIADMK-led alliance would sweep the polls. The party, which had faced the elections by itself in 2014, had won 37 of the 39 seats in the state, he recalled and said it was capable of repeating the performance. The opposition party named candidates for 16 seats, including North Chennai, South Chennai, Arakkonam, Kancheepuram and Villpuram, both reserved constituencies, among others.

₹10,000 crore in its decorative paints business, aiming to build six manufacturing plants in India by 2025. In February, Aditya Birla Group chairman Kumar Mangalam Birla said he expected the group's new paints business to turn profitable in three years, as the conglomerate marked its entry into the rapidly expanding ₹80,000-crore Indian decorative paints market. As Mint reported earlier, Birla Opus products will be available in Punjab, Haryana and Tamil Nadu from mid-March and in towns with populations of at least 100,000 by July 2024.

Congress attacked the government on Wednesday regarding a report that highlights income and wealth disparities in India spanning a century. Party general secretary for communications, Jairam Ramesh, stated that the report titled «Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj,» authored by renowned economists such as Thomas Piketty raises significant concerns. Ramesh claimed that under Prime Minister Narendra Modi's leadership, the wealth gap in India has surpassed that of the British colonial era, dubbing it "Narendra Modi's Billionaire Raj." «The bottom line is this: Narendra Modi's Billionaire Raj, nurtured by the Prime Minister to favour his friends and fund his party's campaigns, is now more unequal than even the British Raj,» he alleged.

Suspended BSP leader and Lok Sabha MP Danish Ali joined the Congress on Wednesday in the presence of senior party leaders. After joining the Congress here, he said that going by the prevailing situation in the country, it is important to join the grand old party in the fight against «divisive» forces. «On one side are divisive forces and on the other are those forces fighting to get 'nyay' (justice) for the poor and oppressed sections of society, and the choice is very clear,» Ali said, asserting that time has come to decide where one stands. «If we have to fight with divisive forces, then one has to strengthen the Congress under the leadership of Mallikarjun Kharge, Sonia Gandhi and Rahul Gandhi,» he said.

Fintech Association for Consumer Empowerment (Face) disbursed Rs 35,999 crore in loans in the third quarter of FY24, a 55% increase over the same period last year, according to a report. The ninth issue of ‘Facets’ presented insights into the disbursement trends for the quarter from 37 members of Face, indicating a 13% growth in disbursing volume to 2.5 crore in the same period. Also, the average ticket size for loans disbursed stood at Rs 12,733.

Investing.com — U.S. futures retreated slightly Wednesday, with investors wary ahead of the latest Federal Reserve monetary policy decision.

A major automaker made a deal with California to cut greenhouse gas emission from cars as the state transitions away from gas-powered vehicles

BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers

Inflation remains a top concern for small businesses, which reported lower optimism in February

The media companies Gannett and McClatchy, which together control more than 200 news outlets including USA Today and the Miami Herald, say they will stop using stories, video and images from The Associated Press later this month

Chinese accident investigators have indicated they have not yet determined the cause of a 2022 plane crash that killed all 132 people on board

The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon

Caribbean leaders say all groups and political parties except one have submitted nominees for a transitional presidential council charged with selecting an interim prime minister for Haiti

Contraceptives will be available without a prescription in New York under an order signed by state health officials