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The tenure of the deal or the name of the company was not disclosed.

app-based bike driver in Gurgaon. She recounted the incident on Reddit, describing how the driver deviated from the intended route and stopped in a secluded area, leaving her in a state of panic. The incident occurred when her friend booked a ride for her at 10:07 PM, from one location to Sikanderpur metro station in Gurgaon. Since it was late, her friend booked the ride from his phone to ensure her safety and track her journey. However, instead of heading directly to the metro station, the driver unexpectedly took a different turn. She noticed that the metro station was right in front, yet the driver insisted that he was following the map. Soon, she found herself on an unfamiliar and isolated road, which raised her suspicion. As the driver slowed down and started looking around, she felt increasingly uneasy. Before she could react, he stopped the bike near parked trucks in a sketchy location. At the same moment, a cab pulled up right beside them, intensifying her fear. She froze, convinced that she was about to be kidnapped. Fortunately, the cab drove away, and the bike driver resumed the ride, but instead of heading back on track, he attempted to take another turn.

Swiggy shares will be in focus on Wednesday after the food and grocery delivery firm received an assessment order from the Income Tax Department for unpaid dues of Rs 158.25 crore. The tax demand pertains to the fiscal year 2022, during which Swiggy did not pay tax on cancellation charges paid to merchants and interest income from an income tax refund, the company said.

Kalpraj Dharamshi, in a conversation with ETNow, shared candid insights on what it means to evolve as an investor over decades of market cycles. Reflecting on his journey that began in the mid-to-late 1980s, Dharamshi recounted key phases in the Indian markets and how they shaped his investment thinking. Speaking about his early years, he said, “So, since my investing journey began in late 80s… was largely consisting of a time period when stocks were available quite cheap. I bought a lot of stocks at 10%, 12% dividend yield.”

Indian markets witness heightened volatility amid global uncertainty and tariff-related concerns, upcoming corporate earnings are expected to play a decisive role in charting the next course of direction, according to market expert Neeraj Dewan. In a conversation with ETNow, Dewan emphasized that after the recent rally—where the market surged nearly 1,500 points from mid-February lows—investors should now turn their focus toward earnings and sector-specific developments. “So, this is what will be most important for us to watch, that is, what happens to the numbers,” he said, referring to the upcoming corporate results.

Lawyers for Kilmar Armando Abrego Garcia, 29, maintain he is not affiliated with MS-13 or any other street gang and argue the U.S. government «has never produced an iota of evidence» that he does. Abrego Garcia was arrested in Baltimore on March 12 after working a shift as a sheet metal apprentice in Baltimore and picking up his 5-year-old son, who has autism and other disabilities, from his grandmother's house, his lawyers' complaint stated. Abrego Garcia was then sent to the Terrorism Confinement Center, or CECOT, which activists say is rife with abuses and where inmates are packed into cells and never allowed outside. Abrego Garcia's wife later saw him in photos and video from the prison, identifying her husband through his distinctive tattoos and two scars on his head. U.S. Immigration and Customs Enforcement officials admitted in a court filing on Monday to an «administrative error» in deporting him. The government's acknowledgment sparked immediate uproar from immigration advocates while prompting Vice President JD Vance and other administration officials to repeat the allegation that he's a gang member.

Subscribe to enjoy similar stories. As US President Donald Trump sends shockwaves through global markets, one asset class that stands gleaming is gold. On Tuesday, its price reached a new record high of nearly $3,150 per ounce in the international market amid concerns over the global economy taking a big hit once Trump’s reciprocal tariffs come into force from 2 April in the US.

Subscribe to enjoy similar stories. Infra.Market’s venture debt backers are exploring a $30 million secondary transaction in an extended pre-IPO round as they look to encash their stake before the company files its draft papers later this quarter, three people familiar with the matter told Mint. “Venture debt firms like Innoven Capital, Strides Ventures and Trifecta Capital are looking to offload some of their stake in the upcoming round," one of the people cited above said, adding that Alteria will also participate in the round, although they have already sold some of their stake.

Subscribe to enjoy similar stories. Bengaluru: The Big Five of India’s IT services may grow slower in the year ahead as Donald Trump's tariff war threatens to hurt their large clients in the US, multiple analysts said. Inflationary policies, retaliatory tariffs and a slower pace of rate cuts are expected to darken the mood further.

Jimmy Patronis won a special election Tuesday in Florida's 1st Congressional District, bolstered by President Donald Trump's endorsement to fill a vacant seat in reliably Republican northern Florida and despite national Democrats pouring millions into the race. Patronis, the state's chief financial officer, fended off a challenge from Democrat Gay Valimont even though she far outraised and outspent him. He will fill the northwest Florida seat vacated by former Rep. Matt Gaetz, who was chosen to be Trump's attorney general but withdrew from consideration amid allegations of sexual misconduct, which he has denied. Valimont benefited from the outrage of national donors alarmed by the early months of Trump's second term but was ultimately not able to pull off what would have been a massive upset in a district both Trump and Gaetz won by more than 30 points last year. The mood was celebratory at a waterfront restaurant in Pensacola, where congratulatory text messages were already lighting up Patronis' phone as early results were posted Tuesday night. Patronis worked the crowd of about 100 people shaking hands and giving hugs, his wife Katie and two sons in tow. In Florida's 6th Congressional District, Republican state Sen. Randy Fine won his race against Democratic challenger Josh Weil. Fine was on track for a much narrower victory than the 33-point margin by which Mike Waltz won the district in November, according to early returns.

Tata Consumer, Swiggy, Godavari Power, Tata Motors, Indian Bank among others will be in focus due to various news developments. Vaibhav Global Vaibhav Global received a draft assessment order of Rs 205 crore for assessment year 2022-23 from Income Tax Department.

WHAT DO YOU MEAN BY REBALANCING MUTUAL FUND PORTFOLIOS? Various asset classes move in different directions over a period of time. Due to this, asset allocation of an individual changes over a time. For example, due to a sharp rally in the price of gold by 35% in the last one year, investor allocation to gold would have increased. However, with the Nifty 50 moving up just 6-7% it could have lowered the overall allocation to equity in the portfolio. So you need to rebalance it to bring it back in line with the original. So an investor starting with 65% equity, 25% debt and 10% gold, needs to bring back this allocation at the end of the year, which is called rebalancing.

Marico shares have gained 8% in a month, outperforming the 5% gain in Nifty FMCG index in a choppy environment. The FMCG major is expanding into high-growth segments such as value-added foods, premium personal care, and digital-first brands. It expects a double-digit revenue growth in FY26, driven by healthy volume growth and continued momentum in foods and premium personal care portfolios. The company expects growth to pick up from FY26, driven by stronger urban demand, stable pricing, and momentum in premium personal care, foods, and international markets. While Q3 remained modest, core brands like Parachute and Saffola held firm. Foods and premium segments are projected to grow 20-25% annually. For the domestic business, volume growth in December quarter was 6% vs 2% growth in the year-ago quarter.

safe-haven assets. However, rising prices have crimped consumer sentiment, impacting sales of the yellow metal. Gold is currently trading at ₹90,966 per 10 gm in the physical market, up by ₹1,802 per 10 gm from Friday, when India's bullion market was last open. The market was closed on Monday due to Eid.

equity fundraising remain in full swing. Over the past three days alone, 14 companies filed their draft prospectuses with the Securities and Exchange Board of India (Sebi). The rush comes as companies aim to meet the deadline for submitting documents along with their audited financial statements for the quarter ended September 30, 2024.

global demand for explosives and ammunition, fed by ongoing conflicts in Europe and West Asia, has resulted in record Indian defence exports, with the figure crossing ₹23,622 crore in 2024-25. Defence exports, which have been actively promoted by the government over the past decade, grew at over 12%, with strong demand for Indian manufactured explosives like TNT, RDX and HMX in the global market. Sources said that most Indian explosives and ammunition manufacturing capacity has been fully booked for the next three years, with at least five more plants coming up within the private sector in the coming months. State-owned defence public sector units have recorded a 42.8% surge in exports, reaching a high of ₹8,389 crore in the financial year.

Real estate, high-yield bonds, and cryptocurrency don’t always live up to their reputation as portfolio diversifiers

Third-party logistics services provider Om Freight Forwarders Ltd has filed draft papers with capital market regulator Sebi to raise funds through an initial public offering (IPO). The IPO involves a fresh issuance of shares worth Rs 25 crore with an offer for sale of up to 72.50 lakh equity shares by the promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. Proceeds from its fresh issuance to the extent of Rs 16.64 crore will be used funding of the capital expenditure requirements of the company related to the acquisition of commercial vehicles and heavy equipment, and a portion will be utilised for general corporate purposes.

Pierre Poilievre is under fire for mentioning women's «biological clocks» while discussing housing affordability. Many criticized the remark as sexist and irrelevant to housing, while others defended him. His approval ratings among women are already low, and this latest controversy could exacerbate the situation. During his campaign stop in New Brunswick, Pierre Poilievre made a remark about millennial women that has caused controversy on the internet, as per a report.

The Institute for Supply Management (ISM) said on Tuesday that its manufacturing PMI dropped to 49.0 last month from 50.3 in February. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.2% of the economy. Economists polled by Reuters had forecast the PMI slipping to 49.5. Manufacturing started turning around at the beginning of the year after a lengthy recession triggered by the Federal Reserve's aggressive interest rate hikes in 2022 and 2023 to tame inflation. But the nascent recovery appears to have been snuffed out by President Donald Trump's barrage of tariffs. Trump, since returning to the White House in January, has announced and delayed tariffs on Canada and Mexico for what he alleges is their role in allowing the opioid fentanyl into the U.S., set import taxes on goods from China for the same reason, launched hefty duties on imports of steel and aluminum and slapped a 25% levy on imported cars and light trucks. Trump promised to announce global reciprocal tariffs on Wednesday, which he has dubbed «Liberation Day.» He sees tariffs as a tool to raise revenue to offset his promised tax cuts and to revive a long-declining U.S. industrial base.

Subscribe to enjoy similar stories. SoftBank Group has agreed to lead a funding round of up to $40 billion in OpenAI. It’s a deal which should boost the value of Microsoft’s stake in the ChatGPT maker but raises the bar for the successful conversion of OpenAI into a for-profit company.