Reports Financial News
20.03 / 13:13
FIVE
Opinion
country
information
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guidelines
Will banks remain open only 5 days a week from April? Here’s what government has said
Also read: IndusInd Bank depositors! Here's RBI's opinion on the bank's financial stateIndusInd Bank depositors! Here's RBI's opinion on the bank's financial state However, the Press Information Bureau (PIB) has factchecked this claim stating it as fake news. According to the PIB Factcheck, “A news report by Lokmat Times claims that starting from April, banks across the country would operate 5 days a week, following a new regulation issued by RBI. PIBFactCheck: This claim is Fake. For official information related with Reserve Bank of India, visit: https://rbi.org.in.”
20.03 / 13:13
Provident
Digital
Mobile
reports
testing
guidelines
rights
Government asks ARAI to probe Ola Electric's sales figure mismatch, consumer complaints
ARAI) to probe the mismatch between Ola Electric's reported sales figures and actual vehicle registrations along with numerous consumer complaints against the Bhavish Aggarwal-owned electric two-wheeler maker and submit a report within 15 days, sources said. While the total number of registrations by Ola Electric on the Vahan portal for February stood at 8,652, the company had reported sales of over 25,000 units during February 2025. As of March 20, the company's registrations stood at 11,781 on the Vahan portal. Ola Electric is a beneficiary of the FAME II and PM E-DRIVE schemes and its eligibility certificate has been provided by ARAI, a certification and testing agency under the administrative control of the ministry.
20.03 / 13:13
UPS
CEO
Tesla
SpaceX
reports
travelers
Interviews
'First send Elon Musk's mother to Mars if you want me to...': Neil deGrasse Tyson's jab at SpaceX CEO
Elon Musk's travel to Mars will be deemed safe after tech mogul's mother visits the red planet. Neil deGrasse Tyson doesn't think very highly of tech billionaire Elon Musk's desperate desire to send humans to Mars and the two have been at loggerheads over the topic for long. In an exclusive interview to NDTV, Neil deGrasse Tyson cracked the joke while speaking about the future of space tourism and if he was interested. «I joke about this — if you want me to get on an Elon rocket, I'll say first have him send his mother to Mars and back. Then I will go and know it's safe,» he told NDTV when asked about space exploration. ALSO READ: US recession chances thrice the normal rate now? Harvard Professor sounds alarm amid Trump's tariff initiative
20.03 / 13:13
UPS
BLOCK
Experts
show
reports
donates
White House embarrassed and fact-checked on Live TV after incorrectly labeling judge who blocked Donald Trump’s order as Obama appointee
Alien Enemies Act of 1798, a law allowing the removal of foreign threats. Leavitt accused Boasberg of being a “Democrat activist” appointed by Obama and claimed his wife donated heavily to Democrats. But NBC reporter Garrett Haake quickly corrected her: Boasberg was actually appointed by George W. Bush. Leavitt doubled down, arguing Trump has authority to deport “foreign terrorists,” but the awkward moment highlighted her shaky grasp of facts.
20.03 / 11:13
markets
economy
WhatsApp
Experts
Cycling
reports
Indian IT sector faces slow recovery amid economic challenges and tech transition
Indian IT sector is experiencing a slowdown, and experts predict a longer period of moderate growth. Challenges from the global economy and technological changes are increasing risks to revenue. This weaker growth is expected to have a limited impact on the overall economy. Analysts note that growth is uneven across different IT companies, influenced by individual company circumstances. “Change in tech cycle is likely to create a transition phase for tech services companies (like 2016/17), causing growth to moderate in short term. We are lowering our dollar revenue growth forecasts by 100-200 bps and expect growth of 4.5% in FY26 and 6% in FY27 for large-cap IT companies,” analysts at Morgan Stanley reported. Jeffries, an investment firm, downgraded the IT sector due to growing concerns about the US economy. They cited a weaker US growth outlook and a declining US dollar, which could reduce a previous advantage for Indian IT firms related to currency exchange. Morgan Stanley added that while IT stocks have already declined, their valuations compared to the broader Indian stock market remain near their five-year average. They see potential risks to current revenue predictions and the possibility of lower valuations in the future.
20.03 / 11:13
UPS
FIVE
information
reports
Department
recommendations
Two-thirds of ₹43 lakh crore tax demand 'difficult' to collect: Income Tax Dept
direct tax demand is «difficult to collect», Income Tax Department has informed a Parliamentary panel. When the Standing Committee on Finance expressed concern over the huge arrears of demand and desired to know the possible steps, including a moratorium, that can be taken to address this, the Chairman of CBDT told the panel that arrears are a cause for concern. «We have around Rs 43,00,000 crore of arrear demand which is a cause of concern for us. Partly, this is a legacy issue. This arrear pertains to mid-90s also because earlier what used to happen was there was essentially a manual registers that we were keeping,» the CBDT Chairman told the panel. The report of the Standing Committee on Finance has been tabled in Parliament. The Revenue Secretary informed the panel that a lot of this demand is also «fictitious». The Committee found that in respect of Direct Taxes, Rs 10,55,906 crore tax arrears are pending for five or more years.
20.03 / 11:13
20.03 / 11:13
UPS
Man
Career
reports
Headlines
International
Meet Pavel Stepchenko: Russia's youngest pensioner at 23, thanks to legal loophole & pension hack
Pavel Stepchenko. This young man from Russia has made headlines for becoming the country’s youngest-ever pensioner, according to a report by odditycentral.com. How, you ask? Well, it’s not just about hard work and savings—it’s a combination of clever legal loopholes and a dash of Russian pension law wizardry. Pavel’s story begins when he was just 16 years old.
20.03 / 11:09
20.03 / 11:09
markets
COST
Aviat
Airlines
Research
reports
International
IndiGo’s steep valuation premium to global peers could clip the stock’s wings
Subscribe to enjoy similar stories. The Interglobe Aviation Ltd stock (IndiGo) soared to a 52-week high of ₹5,190 on Thursday, reacting to the management’s upbeat commentary and growth plans at its analyst day. Among the key highlights was that the air travel boom led by the Mahakumbh gathering and an extended wedding season could give a big boost to its profit in the March quarter (Q4FY25).
20.03 / 10:19
Analysis
Research
Freedom
country
reports
World Happiness Report 2025: Unhappiest nation isn’t war-torn Palestine or Gaza; But…
The United Nation on Thursday released the World Happiness Report 2025 that focused on the impact of caring and sharing on people’s happiness. This year, Finland has been declared as the happiest country out of 147 countries. Which one is the unhappiest?
20.03 / 09:31
Citizens
Death
wellness
country
reports
rights
China says acted 'in accordance with the law' after 4 Canadians executed
Canada's Foreign Minister Melanie Joly told reporters in Ottawa on Wednesday that China had executed four Canadian citizens in recent weeks, defying pleas from Ottawa for leniency. «We strongly condemn the executions that did happen against Canadians in China,» Joly said. She said she was unable to discuss details of the case due to privacy requests from the affected families. However, Beijing suggested on Thursday the Canadians had been convicted over narcotics offences, saying "… combating drug crimes is the common responsibility of all countries".
20.03 / 09:31
MET
Injustice
War
stage
reports
Rahul Gandhi meets Punjab Congress MPs protesting over farmers' issue
Congress MP and Leader of Opposition (LoP) in Lok Sabha Rahul Gandhi on Thursday met with the Congress MPs from Punjab, who are protesting in the Parliament premises over the issue of farmers'. Punjab Congress MPs, including the party's Punjab chief, Amarinder Singh Raja Warring, staged a protest against both Punjab and central governments over the eviction of farmers from the Punjab-Haryana Khanauri and Shambhu Borders. Congress leaders also raised concerns over various other issues affecting farmers in the region. Warring condemned the treatment of farmers, stating, «The way atrocities have been done on farmers, I condemn it. The real face of the governments that used to say that we are well-wishers of the farmers has been exposed.» He specifically accused Punjab Chief Minister Bhagwant Mann and Union Home Minister Amit Shah of being responsible for the forceful removal and violence against farmers. «Bhagwant Mann and Union Home Minister Amit Shah have done the work of beating them (farmers), this should not happen,» Warring added.
20.03 / 09:31
FIVE
Mobile
Remark
trends
reports
Traffic
Indian 5G user base to grow to 770 million by 2028; average data use peaks to 40 GB: Nokia
5G data consumption in India has peaked to 40 GB per user per month and its total subscriber base is expected to grow by 2.65 times to around 770 million in the next three years, telecom gear firm Nokia said on Thursday. The mix of data consumption across 4G, 5G etc has increased by compounded annual growth rate of 19.5 per cent over five years to 27.5 GB in 2024, Nokia's annual mobile broadband index (MBiT) report said. According to the report, there was a remarkable three-fold year-on-year surge in 5G data traffic across India in 2024. «Average 5G data consumption in India per user was recorded at 40 GB in December 2024. We expect the 5G user base to grow to around 770 million by 2028 from 290 million in 2024,» Nokia India, Head of Technology and Solutions (Mobile Networks), Sandeep Saxena said during the report launch.
20.03 / 08:49
markets
FIVE
Digital
Manufacturing
Entertainment
reports
Pharmaceuticals
FIIs are betting on these small-cap stocks—should you?
Subscribe to enjoy similar stories. Foreign institutional investors (FIIs) have been shifting their focus from large-cap stocks to select smaller companies, reshaping investment patterns in the Indian market. In the December 2024 quarter, FIIs increased their stake in only nine Nifty 50 firms while trimming positions in the rest.
20.03 / 08:37
UPS
Target
Action
WhatsApp
reports
Equality
Bengaluru to charge 100% penalty on unpaid property taxes starting April 1
Any unpaid property taxes will incur a penalty equal to the pending tax amount, along with an interest rate of up to 15% annually, making it essential for property owners to pay before the penalty system is enforced on April 1. This stringent penalty structure comes as part of the BBMP's efforts to collect outstanding taxes for the 2024-25 financial year. According to the report, Special Commissioner for Revenue, Munish Moudgil, has directed zonal officers to take immediate action to recover dues before the penalty comes into effect. So far, BBMP has collected Rs 4,604 crore, reaching 88.4% of the target.
20.03 / 08:37
Reuters
Action
WhatsApp
President
country
reports
prevention
US delays $2.6 billion climate finance package to South Africa, Bloomberg news reports
Earlier this month, U.S. representatives prevented the World Bank-linked Climate Investment Funds (CIF) from approving a $500 million disbursement to South Africa, the report added. The funding was expected to unlock an additional $2.1 billion from multilateral development banks and other financial sources and a fresh attempt to approve the disbursement may be made at CIF meetings in June, the report said. CIF is one of the world's largest multilateral funds aimed at scaling climate solutions in developing countries. If confirmed, the move would be among several actions by former President Donald Trump's administration to scale back participation in multilateral climate initiatives.
20.03 / 08:37
COST
Strategy
Sustainability
reports
guidelines
International
Amazon layoffs: 14,000 managerial roles to go in restructuring push | Report
The move represents a 13% reduction in the company’s global management headcount. A Morgan Stanley report estimates that Amazon’s reorganisation could result in the elimination of around 13,834 managerial roles, leading to significant cost efficiencies.
20.03 / 07:45
COST
Arrow
War
reports
prevention
International
A look at Israel's multilayered air defense as military says it shot down missile from Yemen
No injuries were reported. The Houthis said they fired a ballistic missile at Israel's international airport, the second such attack since the United States began a new campaign of airstrikes against the rebels earlier this week. Over the decades, Israel has developed a sophisticated system capable of detecting incoming fire and deploying only if the projectile is headed toward a population center or sensitive military or civilian infrastructure. Israeli leaders say the system isn't 100% guaranteed, but credit it with preventing serious damage and countless casualties. Here's a closer look at Israel's multilayered air-defense system: The Arrow: This system developed with the U.S. is designed to intercept long-range missiles. The Arrow, which operates outside the atmosphere, has been used to intercept long-range missiles launched by the Houthis as well as those launched by Iran during two direct exchanges of fire last year.
20.03 / 07:45
Justice
stage
reports
Courts
Investigations
Grabbing minor's breasts, breaking pyjama strings does not qualify as attempt to rape: Allahabad High Court
Allahabad High Court ruled that grabbing a minor girl’s breasts, breaking her pyjama strings, and trying to drag her beneath the culvert is not enough to charge an accused with the offence of rape or an attempt to rape. It described such an act as 'aggravated sexual assault’, TOI reported. Making this observation, the high court modified a summoning order, altering the charges against two accused. The accused were earlier summoned to face trail under section 376 (rape) and under the POCSO Act. However, now the accused will be tried under the section 354(B) IPC (assault or use of criminal force with intent to disrobe) and POCSO Act (aggravated sexual assault). «The allegations levelled against the accused Pawan and Akash and the facts of the case hardly constitute an offence of attempt to rape in the case. In order to bring out a charge of attempt to rape the prosecution must establish that it had gone beyond the stage of preparation. The difference between preparation and actual attempt to commit an offence consists chiefly in the greater degree of determination,” a bench of Justice Ram Manohar Narayan Mishra observed, as it partly allowed the criminal revision plea filed by the three accused. As per the prosecution, the accused Pawan and Akash grabbed the breasts of the 11-year-old victim and one of them broke the string of her pyjama and tried to drag her beneath the culvert.
20.03 / 07:29
Target
Food
wellness
show
country
reports
Trump threatens Houthi rebels that they'll be 'completely annihilated' as airstrikes pound Yemen
Strikes hit Sanaa, Yemen's rebel-held capital, as well as their stronghold of Saada in the country's northwest on Wednesday night, the Houthi's al-Maisrah satellite news channel reported. It aired footage showing firefighters battling a blaze in Sanaa and damaged at what it described as a sheep farm in al-Jawf. It also said strikes happened overnight Tuesday, though the U.S. military has not offered a breakdown of places targeted since the airstrikes campaign began. The first strikes this weekend killed at least 53 people, including children, and wounded others. As the strikes hit, Trump wrote on his Truth Social website that «tremendous damage has been inflicted upon the Houthi barbarians.» «Watch how it will get progressively worse — It's not even a fair fight, and never will be,» Trump added. «They will be completely annihilated!»
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