Reports Financial News

Subscribe to enjoy similar stories. On Saturday, the government converted ₹36,950 crore overdue spectrum charges from Vodafone Idea Ltd into equity, becoming the biggest shareholder in India’s third-largest telecom operator with a 49% stake. The original promoters of Vi, Aditya Birla group and British telecom company Vodafone Plc., will own a 25.7% minority stake but will continue to be classified as its promoters.

Subscribe to enjoy similar stories. India’s investment report card received a significant boost from high-cost government projects in the March-ended quarter, providing a potential last-minute push after a slow year, even as private sector appetite remained subdued. However, despite the upbeat performance in the final quarter, the momentum was not enough to shift the overall sentiment for the full year.

President Donald Trump is expected to unveil sweeping tariffs on major trading partners on Wednesday (2 April) in what he is calling ‘Liberation Day', with the president warning reporters last week that tariff plans «would start with all countries, so let us see what happens».  Goldman Sachs economists Ronnie Walker, Alec Phillips and David Mericle have consequently hiked the 12-month recession probability to 35%, up from their previous 20% estimate.  The Big Question: Can Donald Trump's stance on tariffs work alongside US stock market growth? According to the Goldman trio, their p...

Maharani Rajikaraje Gaekwad and Princess Diya Kumari of Rajasthan, still hold social and political influence, others have made headlines with contentious claims to historical sites and properties. Among them is Prince Yakub Habeebuddin Tucy, a man who claims to be the sixth-generation heir of Bahadur Shah Zafar, the last Mughal emperor. His lineage, he asserts, connects him to legendary rulers like Akbar, Shah Jahan, and Aurangzeb. But it is not just his ancestry that has kept him in the news—it is his claims over some of India’s most iconic heritage sites, as reported by TOI.

WhatsApp on Tuesday said it banned more than 9.7 million accounts in India during February 2025, 1.4 million of which were proactively banned prior to any user reports. Releasing its monthly safety report, the Meta-owned messaging app also shared tips on using the platform responsibly. It listed out ways to do so, including respecting boundaries, avoiding spamming with bulk and auto messages, and using broadcast lists responsibly. «According to the report for the month of February 2025, WhatsApp banned over 9.7 million accounts in India for violating its Terms of Service. More than 1.4 million of these accounts were proactively banned prior to any user reports,» WhatsApp said. A WhatsApp spokesperson further said the platform has consistently invested in Artificial Intelligence and other technology, data scientists and experts, and processes, to keep users safe on the platform.

Arm Holdings recently sought to acquire Alphawave, a UK-based supplier of semiconductor intellectual property, to secure a crucial technology that is crucial for building its own artificial-intelligence processors, according to three sources familiar with the matter. Alphawave, which has a market value of 707.1 million pounds ($913.36 million), has been working with its investment bankers to explore a sale after receiving acquisition interest from Arm and other potential acquirers, one of the sources told Reuters. Arm, however, has decided not to pursue a takeover of Alphawave after its initial discussions with the company, two of the sources said.

Donald Trump has reiterated that he might pursue a third term as US President, adding he is not joking" about wanting to serve in 2028. In an interview with NBC News, Trump said, «There are methods which you could do it. I am not joking.» Later, talking to the reporters, he said that there were demands from the people for him to run for a third term. «I have had more people ask me to have a third term, which in a way is a fourth term because the other election, the 2020 election was totally rigged. I don’t want to talk about a third term now because no matter how you look at it, we’ve got a long time to go,” Trump said, who would be 82 by the end of his potential second term. But the question arises can Trump run for a third term? In January, he told supporters that it would be „the greatest honour of my life to serve not once, but twice or three times or four times“. However, he then said this was a joke for the „fake news media“.

Subscribe to enjoy similar stories. New Delhi: The US has once again raised objections to India’s trade policies, including key initiatives meant to support local manufacturing, casting a shadow on ongoing negotiations between the two nations for a bilateral trade agreement.

In its 2025 National Trade Estimate (NTE) report, the US Trade Representative raised concerns on India’s opaque and unpredictable quantitative restrictions, patent regime and digital trade barriers such as data storage requirements. Most of the issues are repeat of the earlier reports while those such as equalisation levy and WTO disputes, which are already resolved, continue to be mentioned in the report, experts said. Also Read: India is going to drop tariffs: Trump hints at ‘Liberation Day’ trade victory a day before April 2 deadline It also criticized India’s strict import licensing for remanufactured goods and medical devices. In 2024, India stopped issuing licenses for refurbished American medical devices, affecting exports. While Washington sees this as unnecessary red tape, India worries that relaxing the rules could lead to a flood of secondhand or low-quality products that might harm consumers and hurt local industries.

Election Commission of India (ECI) has concluded its largest-ever engagement drive with political parties, conducting 4,719 meetings nationwide at the levels of Chief Electoral Officers (CEOs), District Election Officers (DEOs), and Electoral Registration Officers (EROs) as of March 31, the apex poll body said. According to a ECI release, these meetings, held over 25 days, included 40 by CEOs, 800 by DEOs, and 3,879 by EROs, engaging over 28,000 representatives from political parties across the country. The meetings were held in accordance with directives issued by Chief Election Commissioner (CEC) Gyanesh Kumar, along with Election Commissioners Dr Sukhbir Singh Sandhu and Dr Vivek Joshi, during the CEOs' conference held between March 4-5 this year at India International Institute of Democracy and Election Management (IIIDEM) in the national capital. The nationwide meeting across these levels aimed at addressing the pending issues within the legal framework of the Representation of the People Acts of 1950 and 1951, the Registration of Electors Rules, 1960, the Conduct of Elections Rules, 1961, and ECI guidelines. State and Union Territory CEOs have been asked to submit action-taken reports, with unresolved issues to be escalated to the Commission for further review, the release said.

NPCI), which operates the Unified Payments Interface (UPI), on Tuesday announced that some banks were facing an issue, with UPI transactions being declined occasionally. In a post on X, the NPCI stated, “Today due to financial year closing, some of the banks are facing intermittent transaction declines.” The previous financial year closed on March 31 and a new financial year (FY26) commenced on April 1.

The National Payments Corporation of India (NPCI), which operates the Unified Payments Interface (UPI), confirmed the development in a post on X. “Today, due to the financial year closing, some of the banks are facing intermittent transaction declines. The UPI system is working fine, and we are working with the concerned banks for necessary redressal,” NPCI said.

finished steel imports during the first 11 months of the financial year, which began in April, stood at 8.98 million metric tons, marking a 15.8% year-on-year increase, according to provisional government data reviewed by Reuters on Tuesday. India, the world's second-biggest crude steel producer, became a net importer in 2023/24, a trend that has continued with rising shipments from China, South Korea and Japan. Last month, India recommended a 12% temporary tax on certain steel products for 200 days, known as a safeguard duty, in an attempt to curb imports. South Korea was the biggest exporter of the alloy to India during April-February, with shipments reaching 2.6 million metric tons, up 7.1% year-on-year, the data showed. Finished steel imports from China totalled 2.4 million metric tons, down 5.3% year-on-year, while imports from Japan reached 1.9 million metric tons, marking a nearly 70% year-on-year increase, the data showed.

stock market fraud and regulatory violations. The HC last month granted the interim stay on the special court's order, noting it was passed mechanically and no specific role was attributed to the accused. On Tuesday, Justice Shivkumar Dige noted that the original complainant in the case has filed an affidavit and granted time to Buch and others to go through the same. «The interim relief granted earlier shall continue until further orders,» Justice Dige said, posting the matter for further hearing on May 7. Last month, Buch, three current whole-time directors of the Securities and Exchange Board of India (Sebi) Ashwani Bhatia, Ananth Narayan G and Kamlesh Chandra Varshney, Bombay Stock Exchange's Managing Director and Chief Executive Officer Sundararaman Ramamurthy and BSE's former chairman and public interest director Pramod Agarwal moved the HC against the special court order.

autonomous flying taxis for commercial use, marking a significant step in its low-altitude economy. The Civil Aviation Administration of China (CAAC) has granted air operator certificates to EHang Holdings and Hefei Hey Airlines, allowing them to operate passenger drones for urban sightseeing tours, the South China Morning Post (SCMP) reported.

Christine Hunsicker has resigned from her position as chief executive officer of CaaStle after the fashion-technology startup’s board of directors alleged she misrepresented the company’s performance to investors, according to a March 29 letter to shareholders seen by Bloomberg News. CaaStle faces “a severe and immediate liquidity problem,” and the board is considering options including a possible wind down, liquidation or strategic transaction, according to the letter. The company is planning a two-week-long furlough for its employees. Law enforcement authorities are also investigating the matter and the company is cooperating, the letter said. Hunsicker didn’t respond to calls and emails seeking comment.

British Airways is reportedly considering launching a biweekly service between the two cities. The announcement came after West Bengal Chief Minister Mamata Banerjee raised the issue during her recent visit to the United Kingdom. On Thursday, the Trinamool Congress (TMC) said on social media that British Airways is acting on Banerjee's request, with plans for direct flights already in progress. However, the airline has yet to issue an official statement regarding the matter.

The Atlantic magazine being inadvertently added to a private group chat with high-level officials of the Donald Trump administration. The officials, including Defence Secretary Pete Hegseth and National Security Advisor Mike Waltz, were discussing a strike on Yemen in bare bones detail on the chat, revealing crucial operational details. The media blitz around the scandal has driven people to download the app for the first time.

Mahindra Lifespace Developers Ltd.(up 1.74 per cent) were among the top gainers.

Subscribe to enjoy similar stories. Star Health Insurance, India's largest stand-alone health insurance company, has been under the regulator's radar for alleged violations in claim settlement. According to the insurance statistics handbook of the Insurance Regulatory and Development Authority of India (Irdai), Star Health and Allied Insurance Co.

Udhampur-Srinagar-Baramulla Rail Link (USBRL) project will significantly reduce travel time between Katra and Srinagar. The new Vande Bharat Express will cut down the travel time from the current 6-7 hours by road to just 3 hours. «The Vande Bharat Express train will cut the Katra-Srinagar journey to just 3 hours, compared to the current 6-7 hours by road. At present, train services run between Srinagar and Sangaldan in the valley. Once the railway line from Sangaldan to Katra becomes operational, these trains can be extended to Katra,» he said. Upadhyay said that the USBRL project Qazigund-Baramulla section was started in the year 2009.