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Subscribe to enjoy similar stories. On Tuesday, the roof caved in on software, media, and information company stocks like Salesforce, Reddit and Thomson Reuters. The proximate cause was the introduction of the latest artificial-intelligence tools from start-up Anthropic, which much of the market interpreted as an existential threat to any company that doesn’t make physical goods.

Subscribe to enjoy similar stories.A few days ago, the law firm Sullivan & Cromwell apologized to the chief judge of Manhattan’s US Bankruptcy Court for a court filing with AI-hallucinated citations. Andrew Dietderich, co-head of the firm’s global restructuring group, wrote the judge that the firm’s “comprehensive policies and training requirements governing the use of AI tools” had not been followed. A secondary review process also failed.

New Delhi: India has tightened access to domestic cooking gas as the escalating conflict in West Asia threatens fuel supplies and drives volatility in global energy markets.The Centre has prioritized household LPG (liquefied petroleum gas) consumption, and introduced a lock-in period between cylinder bookings, two people aware of the matter said.“The priority for LPG supply in this situation is domestic consumers. Further, in order to curb hoarding of cooking gas, a 25-day lock-in period has been implemented,” one of the two people mentioned above said on condition of anonymity.

Subscribe to enjoy similar stories. Artificial-intelligence tools are improving at a dizzying pace and branching into new, specialized areas. That created fears that AI could supplant traditional software and services, hammering a broad array of stocks on Tuesday.

Subscribe to enjoy similar stories. Axis Bank Ltd is still evaluating multiple options to infuse capital into its consumer lending subsidiary Axis Finance, with the process “very much ongoing", according to a top executive. “Nothing is off the table" when it comes to shoring up capital at Axis Finance, said executive director Subrat Mohanty in the post-earnings conference call of the bank on Monday.

Subscribe to enjoy similar stories. There is a familiar storyline whenever gold hits a new high while silver lags. The script is predictable: gold has already moved, so silver is the catch-up trade.

The KG‑D6 oil and gas block in the Bay of Bengal has been at the centre of two disputes involving its operator Reliance Industries, India’s most valuable company, after failing to live up to its potential. Reuters reported earlier this week that the Indian government is seeking a multi-billion-dollar compensation from the Mukesh Ambani-led company.

Reuters report.The massive, factory-sized system has reportedly been dubbed China’s “Manhattan Project”, a reference to the top-secret US effort during World War II to develop the atomic bomb ahead of Nazi Germany in the late 1930s and early 1940s.The development has profound implications for the global balance of technological and strategic power. At its core, it can dismantle the West’s near-monopoly over the production of the world’s most advanced chips—those that power AI systems, smartphones, and modern military platforms.A 2024 study by the Australian Strategic Policy Institute pointed to a “stunning shift in research leadership over the past two decades towards large economies in the Indo-Pacific, led by China’s exceptional gains.“The US led in 60 of 64 technologies in the five years from 2003 to 2007.

Nasdaq investors can expect another week of potential tariff turmoil as Wall Street witnessed the worst week since the onset of the coronavirus crisis five years ago, as per a report. More volatility could be in store ahead of the April 9 deadline Trump set for his reciprocal global tariffs to take effect, after his Wednesday announcement of the levies sent markets into a tailspin, raising fears of a global recession, Reuters reported. The benchmark S&P 500 lodged its biggest weekly drop since March 2020 and the Nasdaq Composite on Friday ended down more than 20 per cent from its December record high, confirming the tech heavy index is in a bear market. The Dow Jones Industrial Average finished the week down well over 10 per cent from its December record high, marking a correction for the blue-chip index, as per the report. Investors will look for signs the stock market may be close to at least a short-term bottom after Trump's tariffs rocked global asset prices this week, Reuters reported. One sign of gloom: The Cboe Volatility Index, an options-based measure of investor anxiety, registered its highest closing level since April 2020. Bearish sentiment in the American Association of Individual Investors survey reached 61.9 per cent, its highest reading since 2009 during the financial crisis.

Reserve Bank of India's rate-setting panel is set to take its first monetary policy decision of the financial year in a review meetings starting Monday, amid a significant moderation in headline inflation over recent months. A Reuters poll of economists forecasts a 25 basis point cut in rates at the meeting. The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators. The other five meetings are scheduled for June 4-6, August 5-7, September 29-October 1, December 3-5, and February 4-6. In the previous MPC meeting on February 7, the Reserve Bank of India (RBI) had unanimously decided to reduce the policy rate by 25 basis points (bps) from 6.5 per cent to 6.25 per cent. This was the first rate cut in about 5 years. The repo rate is the rate of interest at which the RBI lends to other banks.

reciprocal tariffs" on more than 200 nations. The majority of countries received a standard tariff rate of 10%, while others were imposed tailored rates according to a given formula created by the US Trade Representative (USTR). This equation, designed to balance trade imbalances, establishes tariffs based on import, export, and demand elasticity factors. The following is a detailed explanation of how the Trump Tariff equation operates and what it implies for international commerce, as mentioned in a report by USA Today.

Fake cosmetics, massage pillows and sex toys. Crude homemade explosives. A Russian known as Warrior. A code word: Mary. These are among the key elements of a suspected Russian-run sabotage plot that led to three parcels being detonated at courier depots in Britain, Germany and Poland last summer, a person with knowledge of the Polish investigation told Reuters. The pillows, packed into the parcels with the cosmetics and sex toys, contained hidden homemade incendiary devices made of a cocktail of chemicals including highly reactive magnesium, according to the person familiar with the case who provided the most granular account yet of the alleged plot. The chemicals were ignited by pre-timed detonators adapted from cheap Chinese electronic gadgets used to track items like lost keys, with the effect enhanced by the tubes of what looked like cosmetics but in fact contained a gel made of flammable compounds including nitromethane, according to the source. «The proceedings in this case concern criminal activities inspired by Russia's GRU,» this person said, referring to Moscow's foreign military intelligence agency.

At the centre of the storm was Meta CEO Mark Zuckerberg, who lost a staggering $17.9 billion in a single day. The tech mogul now stands at $189 billion in total wealth, down $18.6 billion in 2025 alone, according to the Bloomberg Billionaire Index. Amazon founder Jeff Bezos came in close behind, shedding $15.9 billion. Elon Musk, Tesla chief and a close Trump ally through his advisory roles and links to the Department of Government Efficiency (DOGE), was third on the list. He saw $11 billion wiped off his wealth overnight, bringing his total losses for 2025 to over $110 billion. “This is not just a tech correction. It’s a direct consequence of aggressive policy moves that are shaking investor trust,” said David Bahnsen, Chief Investment Officer at The Bahnsen Group, speaking to Reuters.

The figures from the US Bureau of Labor Statistics today (4 April) came in above market expectations, with economists polled by Reuters expecting a 135,000 rise. US adds 151,000 jobs in February as unemployment rate ticks up Last month's numbers marked a significant increase from the downwardly-revised figure of 117,000 jobs for February this year. The healthcare sector added 54,000 jobs in March, slightly above the previous 12-month average gain of 52,000, while social assistance came in second with 24,000 jobs, higher than the average monthly gain of 19,000 over the prior ye...

The Andaman Skies is transferring its cargo of crude oil to the Sao Tome and Principe-flagged vessel Ozanno, the sources said. While many buyers have shunned Russian oil since Moscow's invasion of Ukraine in 2022, India and China have remained keen buyers. India is the biggest buyer of seaborne Russian crude, which accounted for about 35% of its crude imports in 2024. However, port authorities last week barred the more than 20-year-old Andaman Skies from entering India's port of Vadinar as its seaworthiness certificate was not issued by an Indian-approved classification agency. The Tanzania-flagged vessel, carrying about 100,000 metric tons (or some 800,000 barrels) of Varandey Russian oil sold by Lukoil from the northern port of Murmansk, is sitting off the port of Mumbai in western India, LSEG shipping data shows.

IndusInd Bank ignored established Indian derivative accounting practices for years as it chased profit growth, resulting in a $175 million balance-sheet hole and the biggest crisis for the lender in its three-decade history, multiple sources said. Still, the 2.35% shortfall in the net worth of India's fifth-biggest private sector lender may not have come to light last month had the rupee not sharply slumped recently, said the sources. IndusInd disclosed in March accounting discrepancies in its derivatives portfolio whose impact roughly equated to an entire quarter's profits and sparked the loss of about one-fourth of its market value.

Wikipedia has been ordered to remove statements deemed defamatory by an Indian court from the page of a domestic news agency it hosts, the latest such directive to the popular online encyclopedia. The Wikimedia Foundation is the second major tech platform, following X, formerly Twitter, to become embroiled in recent years in court battles over content takedown orders in India. Last year the agency, ANI, sued Wikimedia for defamation in the Delhi High Court, citing a Wikipedia description that it faced criticism for being a government «propaganda tool» and sought removal of such statements.

Citibank's latest forecast means it expects a total of 100 basis points in rate cuts for the year, in line with those predicted by JPMorgan and Nomura. The Reserve Bank of India cut the repo rate by 25 basis points to 6.25% in February, its first in nearly five years. The 27% tariff imposed by the U.S. on Indian imports could impact GDP growth in 2025-26 by close to 40 basis points, Samiran Chakraborty, Citi's chief India economist, said in a report. «If these tariffs lead to a material global growth slowdown, then potentially that could impart a larger negative effect on India's exports,» Chakraborty said. «Also, we are worried that persistent uncertainty around continuously negotiated tariffs could depress private investment intentions and affect GDP growth too,» he said.

Donald Trump’s sweeping new tariffs, the White House said on Wednesday. The exemption will come as a relief to the U.S. oil industry, which had expressed concerns that new levies could disrupt flows and raise costs on everything from Canadian crude oil serving Midwest refineries to European cargoes of gasoline and diesel to the eastern seaboard, as per a report. Trump on Wednesday announced he would impose a 10 per cent baseline tariff on all imports to the United States and higher duties on dozens of the country's biggest trading partners, deepening a trade war that he kicked off on his return to the White House, Reuters reported. The trade protections, however, do not apply to energy imports from Canada or Mexico – which are already exempted under the United States-Mexico-Canada Agreement free trade deal – nor do they apply to energy imports from any other country, a White House official said, as per the report. Canada and Mexico are the two largest sources of imported crude oil to the United States, while Europe is a significant source of imported fuel to the U.S. East Coast, which has a dearth of oil refineries, Reuters reported.

Norfolk Island has a population of over 2,000 people and lies 1,600km (1,000 miles) north-east of Sydney and its economy revolves around tourism. The 29% tariff is 19 percentage points higher than the rest of Australia. In 2023, Norfolk Island exported US$655,000 (A$1.04m) worth of goods to the US, with its main export being US$413,000 (A$658,000) worth of leather footwear, according to Observatory of Economic Complexity data. ALSO READ: 'Such an old-fashioned term but beautiful': Trump was mesmerized by THIS word in 'Liberation Day' speech

Google is replacing Sissie Hsiao, who led the development of the artificial intelligence chatbot Bard, now known as Gemini, the company told staff in its AI division on Wednesday. Hsiao will step down immediately, a company spokesperson confirmed. Josh Woodward, who leads Google Labs and oversaw the launch of NotebookLM — the company's popular tool that can turn text into a podcast-like show — will replace her. Hsiao plans to take a short break and return to Google in a new role, the spokesperson said. She did not immediately respond to a Reuters request for comment.