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The pair had both consulted in parallel with industry on proposed rules and expectations that sought to improve D&I at firms that fall under their remits.  The FCA said: «In light of the broad range of feedback received, expected legislative developments and to avoid additional burdens on firms at this time, the FCA and PRA have no plans to take the work further.» FCA drops plan to name and shame firms under investigation Imogen Makin, counsel at the international law firm WilmerHale, said the regulator's recognition that the existing rules cause a burden on firms is «welcome».  ...

Indian space economy is aiming to reach USD 44 billion by 2033 from USD 8.4 billion in 2022, said a FICCI-EY report on 'Unlocking India's Space Economy — Pathways to Growth, Innovation and Global Leadership', released today at Bharat Space Conclave 2025', organized by FICCI. According to the report, the global space economy is projected to exceed USD 1.8 trillion by 2035, with commercial satellite services, deep-space exploration, and space-based infrastructure driving expansion. The report further states that India has set an ambitious target to grow its space economy from USD 8.4 billion in 2022 to USD 44 billion by 2033, aiming to capture 8 per cent of the global market. This growth is being fuelled by policy reforms, private sector participation, and increased international collaboration, supported by the Indian Space Policy 2023 and institutions such as IN-SPACe and NSIL. FICCI-EY report notes that a significant shift is underway, with India's space sector evolving from a government-led model to a commercially driven, innovation-led ecosystem. Satellite communication (SATCOM), projected to reach USD 14.8 billion by 2033, will play a critical role in expanding digital connectivity, particularly in rural and underserved regions.

“Bacca Bucci has carved a strong position in the sneakers market, demonstrating impressive growth and brand recognition,” said Ashutosh Taparia and Sanjeev Taparia, Board Members at Ananta Capital. “We see tremendous untapped potential in this segment, and we are excited to collaborate with Anuj and Natwar to help Bacca Bucci scale to new heights.” The company is poised to sustain its robust growth trajectory in the current financial year.

Indian Air Force. The radar has been indigenously designed and developed by Electronics and Radar Development Establishment of the Defence Research and Development Organisation (DRDO). It is capable of tracking aerial targets from high-speed fighter aircraft to slow moving targets such as unmanned aerial vehicles and helicopters. The defence ministry said acquisition of the radar will significantly enhance the operational preparedness of the Indian Air Force. «As part of the government's efforts to strengthen indigenous defence capabilities, the Ministry of Defence has inked a capital acquisition contract with BEL for the procurement of Low-level Transportable Radar, LLTR (Ashwini) at a cost of Rs 2,906 crore,» an official readout said. The contract was signed in presence of Defence Secretary Rajesh Kumar Singh.

The recovery of Russian oil flow to the world's third-largest oil importer and consumer is easing a supply crunch and cooling prices for rival Middle East grades. Russian oil supplies to India and China fell sharply earlier this year following U.S. sanctions on January 10 that targeted producers, insurers, ships and middlemen to curtail Moscow's oil revenue. In March, India's imports of Russian oil, mainly Urals crude, are back at 1.54 million barrels per day (bpd), after falling to 1.1 million to 1.2 million bpd in the previous three months due to concerns about sanctions, data from analytics firm Kpler showed.

The European Union launched countermeasures on Wednesday against new U.S. metals tariffs, with plans to impose its own duties on up to €26 billion (US$28.3 billion) worth of American goods.

Power Finance Corporation Ltd. (PFC) has announced an interim dividend of Rs 3.50 per share, following the approval of its Board of Directors in a meeting held today. March 19 has been fixed as the record date for the purpose of determining shareholder eligibility. “In continuation of our earlier communication dated 09.03.2025, we would like to inform that, the Board of Directors of Power Finance Corporation Ltd. (PFC) in its meeting held today i.e. 12.03.2025 have inter-alia considered and approved the following: Declaration of fourth interim dividend @ Rs. 3.50/- (Rupees Three and paisa Fifty only) per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10/- each for the FY 2024-25,” the company said in its exchange filing.

Subscribe to enjoy similar stories. In the midst of a bear market characterized by uncertainty, traditional trading strategies are proving ineffective. It is time for market participants to rethink their approach.

Subscribe to enjoy similar stories. Top stock recommendations by MarketSmith India for 12 MarchTrent Ltd: Current market price: ₹4,995.45 | Buy range: ₹4,850–5,050 | Profit goal: ₹6,200 | Stop loss: ₹4,650| Timeframe: 1–2 months Coal India: Current market price: ₹379.05 | Buy range: ₹370–382 | Profit goal: ₹430 | Stop loss: ₹349 | Timeframe: 1–2 months Also Read: Investing 101: How to identify a fraud company Hindalco: Buy at ₹695.50 | Target ₹740-750 | Stop loss ₹676 On the daily chart, the stock is showing bullish momentum. The RSI is above 60, indicating strong buying pressure.

Subscribe to enjoy similar stories. Buy at ₹695.50 | Target ₹740-750 | Stop loss ₹676 On the daily chart, the stock is showing bullish momentum. The RSI is above 60, indicating strong buying pressure.

White House meeting, Musk—who leads the Department of Government Efficiency (DOGE)—reportedly sparred with Secretary of State Marco Rubio and Transportation Secretary Sean Duffy over aggressive federal workforce cuts. Trump downplayed the disagreements, calling both Musk and his Cabinet “special people” and suggesting occasional arguments were normal in a high-stakes administration.

Steel companies may hold back investments to expand capacity as increasing imports shrink profit margins and eat into their market share, said analysts. India aims to achieve the target of 300 mt crude steel capacity by 2030 under its National Steel Policy. «Steel capacity expansions may slow down in case domestic steel prices are adversely impacted due to increasing imports,» said Amit Bhargava, partner and national head-metals and mining, KPMG in India.

The company joins larger rival Macy's and big-box retailers Walmart and Target in tempering expectations as U.S. inflation risks rise and recession fears mount amid a chaotic implementation of President Donald Trump's tariffs.

global investors such as SoftBank and Tiger Global remained cautious, ToI reported. Instead of making fresh bets, they largely focused on smaller follow-on investments in their existing portfolio companies, significantly slowing capital deployment. According to a report by Bain & Company and the Indian Venture and Alternate Capital Association (IVCA), this represents a 33% decline from the $4 billion raised in 2023.

In an annual report released on Tuesday, Eva Hoegl said that despite a recruitment drive launched in the wake of Russia's invasion of Ukraine, personnel numbers in the armed forces had dipped to 181,200 in 2024 from 181,540 a year prior, while the average age had risen to 34 from 32. That pushes the Bundeswehr's goal of increasing the number of personnel to over 200,000, a target postponed from 2025 to 2031 two years ago, further out of reach. Increased spending allowed Germany to reach the NATO defence spending target of 2% of gross domestic product for the first time in 2024, but around 82% of a 100-billion-euro special defence fund agreed in 2022 to overhaul the country's creaky military has already been spent, according to the report. Friedrich Merz's conservatives and the Social Democrats (SPD) — in negotiations to form a coalition after a snap election last month — are seeking to overhaul borrowing rules in order to revamp the military and revive economic growth.

The move comes as both ranges share similarities including universe, asset allocations and risk targets. According to aberdeen, the MyFolio index range offers lower fees in its primary share class, which are between 5% and 20% less than those of the MyFolio Market fund range. abrdn swings back to profitability as it undergoes name change If the merger takes place, investors in the MyFolio Market range could pay between 5% and 20% less in fees compared to the current ongoing charges figure when it comes to its primary share class. MyFolio index has recorded better performanc...

Elon Musk has spilled beans on why his team targeted the United States Agency for International Development (USAID). In an interview with Fox Business, Musk said the strategy was to «follow the money» and challenge what he saw as significant financial waste and corruption. Musk previously claimed that the aid agency is «a criminal organization» and that Trump has agreed to «shut it down». Trump had posted on his Truth Social page on Friday that USAID's spending «IS TOTALLY UNEXPLAINABLE… CLOSE IT DOWN!»

IndusInd Bank plummeted 26% on Tuesday, hitting a fresh 52-week low of Rs 720.50, as multiple brokerages downgraded the stock and slashed target prices in the wake of an accounting discrepancy in its forex derivatives portfolio. Mutual funds held around 20.08 crore shares of IndusInd Bank in their portfolios, with a total market value of Rs 19,884 crore as of February 28, 2025. Around 35 AMCs and around 360 schemes had exposure in IndusInd Bank as of February 28, 2025. Five AMCs had over Rs 1,000 crore exposure in IndusInd Bank. ICICI Prudential Mutual Fund had the highest exposure of around Rs 3,778 crore and had around 3.81 crore shares in its portfolio in February.

Several key infrastructure projects announced in the budget including the third airport to cater to the country’s financial capital Mumbai are expected to enhance real estate prospects in the state. With a focus on improving connectivity and easing housing shortages, the state government’s initiatives are expected to drive demand in both residential and commercial markets across the state including key property markets of Mumbai, Pune, and Nashik.

Subscribe to enjoy similar stories. Tata Power, one of India's oldest and most influential energy conglomerates, is rewriting its legacy. No longer just a conventional power provider, the company has emerged as a leading force in India's clean energy transition.

NLC India shares fell 2.5% to their day's low of Rs 214.65 on the BSE on Tuesday after the company received in-principle approval from its board of directors to raise external commercial borrowings (ECB) equivalent to $200 million in Japanese Yen, with an additional green shoe option. The decision was made at the board meeting held on March 10, 2025. «The Board of Directors of the Company, at their meeting held on Monday, 10th March 2025, has, inter alia, considered and in-principally approved the borrowing of External Commercial Borrowing within an overall ceiling of Japanese Yen equivalent to $200 million, with an equivalent green shoe option,» NLC India stated in an exchange filing.