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certificates of deposit (CDs) to meet the surge in credit demand in March. According to data from CDSL, banks raised ₹2.25 lakh crore through CDs in March 2025, nearly double of the ₹1.26 lakh crore in the same month the previous year. Experts attribute this surge in CD borrowing to tighter liquidity conditions and slower deposit growth amid rising credit demand. Notably, IndusInd Bank borrowed over six times its usual CD amount to counter deposit outflows, raising ₹16,550 crore in March 2025, compared with ₹2,500 crore in the same month last year. «Issuances of CDs by banks have accelerated in March owing to year-end asset liability management,» said Karan Gupta, head and director financial institutions, India Ratings. «We expect certificates of deposit issues to moderate in the June quarter owing to a sharp improvement in the liquidity conditions coupled with the seasonally generally soft demand for credit in the first quarter.»

National Burrito Day on April 3. Starting March 31 at 9 a.m. ET, Chipotle Rewards members in the U.S.

Ratan Tata has bequeathed a lion's share of his total wealth, conservatively estimated at ₹3,800 crore, comprising ordinary and preference shares of Tata Sons and other assets, to Ratan Tata Endowment Foundation, a Section 8 company, and Ratan Tata Endowment Trust for philanthropic and charitable purposes. Tata left one-third of his other financial properties-which includes bank FDs, financial instruments, as well as physical assets like watches and paintings-estimated at ₹800 crore, to his half-sisters Shireen Jejeebhoy and Deanna Jejeebhoy, and another one-third to Mohini M Dutta, a former Tata Group employee who was close to the late industrialist. A share of the Juhu bungalow would go to his brother Jimmy Naval Tata, 82, and the sole living heir, while close friend Mehli Mistry would receive the Alibaug property and Tata's prized possession of three guns-including a .25 bore pistol. The executors of the will have filed a petition in the Bombay High Court for the probate of the final will, incorporating the fourth codicil, according to court papers ET has reviewed.

Freight loading during the year crossed 1.61 billion tonnes, making India's railway network the second largest in terms of freight carried annually, overtaking the US, they said. China is the only country ahead of India in terms of cargo handled by the railway network. The year ended March 31 also saw the railways' capital expenditure utilisation marginally exceeding the budget estimates at more than ₹2.65 lakh crore, they said.

Subscribe to enjoy similar stories. Mumbai: Indian markets could open up to 1% lower on Tuesday after the Eid holiday, suggests weekly options data, as bears are likely to return ahead of US President Donald Trump’s 2 April deadline for reciprocal tariffs. Trump's comments on the weekend dragged South Korea's Kospi and Japan's Nikkei down by 3-4% on Monday, while Germany's Dax and France's CAC traded 1% lower at the time of writing.

US Economy Faces Tough Road Ahead with Slow Growth and Stubborn Inflation Amid Tariffs and Uncertainty The US economy's outlook indicates a stagflationary trend, as per the latest CNBC Rapid Update. Policy uncertainty, new tariffs, and declining consumer and business confidence will lead to a slowdown in the GDP growth of the United States, reported CNBC.

What matters now is the reaction of the other three key players to this latest move by the mercurial and inconsistent U.S. leader. Do Russian President Vladimir Putin, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping believe that Trump will actually follow through, and if he does what will it mean for their energy situation?

Tea Board of India on Monday. This was possible due to concerted efforts from the central government, the Tea Board, and all the stakeholders in the Indian tea industry. During 2024, North India (Assam and West Bengal) exported 154.81 Million Kg with a value realization of Rs 4833.12 crores, while South India exported 99.86 million kg with a value realization of Rs 2278.31 crores. North India’s contributions stood at 60.79% in quantity terms and 67.96% in value terms, whereas South India’s contributions stood at 39.21% in quantity terms and 32.04% in value terms. Meanwhile, the Tea Board of India is all set to celebrate its 72nd Foundation Day on April 1, 2025.

Ashwani Kumar picked up four wickets on IPL debut as MI restricted KKR to 116 runs at the Wankhede Stadium on Monday. The left-arm pacer got the wicket of Ajinkya Rahane on the first ball he bowled and went on to become the first Indian to take a four wicket haul on IPL debut. After the heroic performance, the 23-year-old said he was feeling the pressure early on and had eaten only a banana before the match as he was not hungry. “I am feeling very good. I was feeling pressure early on but the team environment did not make me feel that way. I just had a banana because there was pressure, so was not feeling very hungry. I had planned a little but they told me to enjoy myself on debut and bowl what I have been bowling,” Kumar said. “Hardik bhai told me to bowl short and to bowl at the body and that led to a wicket. In my village, everyone would be watching. They were just waiting for my debut, and by god's grace, I got an opportunity tonight and did well,” he added.

Mumbai: DGS Land Developers India Pvt Ltd has acquired approximately 10,000 square metres of prime land in Lokhandwala, Andheri West, to develop one of the largest high-rise projects in Mumbai’s western suburbs. The project, with a potential height of up to 43 floors and a total built-up area exceeding 500,000 square feet, will feature luxury residences and premium retail spaces.

Poland is ramping up its defence capabilities, positioning itself as a key player on NATO's eastern flank in the face of an assertive Russia and also of a U.S. administration under Donald Trump that has sharply criticised Europe over security matters. «The safety of Polish skies has no price,» Wladyslaw Kosiniak-Kamysz told a news briefing on Monday, adding that missile defence and cooperation with the United States are a priority. Kosiniak-Kamysz later confirmed to Reuters by text message that the value of the contract was almost $2 billion. The agreement with the U.S. concerns the delivery of logistical support for the Patriot system within the Armed Forces and includes technical support components as well as training.

Assam chief minister Himanta Biswa Sarma said that Japan plans to recruit 50,000 youths from Assam within the next five years. During his on-going three-day visit to the districts of Biswanath and Sonitpur, Sarma has inaugurated several projects and laid foundation stones for forthcoming developments in Biswanath. Among these initiatives, he inaugurated a newly constructed Automated Vehicle Fitness Testing Station, built at a cost of Rs 11.50 crore, the first of its kind in Southeast Asia.

AI agent on the go. The developments come after Chinese artificial intelligence (AI) startupDeepSeek released a major upgrade to its V3 large language model (LLM), intensifying competition with US tech leaders like OpenAI and Anthropic.

NASA astronauts Barry 'Butch' Wilmore and Sunita 'Suni' Williams embarked on what was supposed to be an eight-day journey to the International Space Station (ISS) in June 2024, they had no idea they were signing up for a nearly year-long stay in orbit. Their unexpected extended mission, which stretched into nine months, turned them into unwilling space pioneers, drawing global attention as their return to Earth was repeatedly postponed. As the days turned into weeks and the weeks into months, their prolonged absence became more than just a professional challenge—it became a deeply personal one. And for Wilmore, missing his daughter’s high school year was perhaps the hardest moment since he mentioned it out of all.

As puzzle enthusiasts attempt to decipher today’s puzzle, many may find themselves searching for hints to connect the right words. If you need assistance with today’s NYT Connections, we have the hints and answers you’re looking for.

Ever since finance minister Nirmala Sitharaman redefined debt mutual funds in the July 2024 budget as those that invest more than 65% in debt, there's been an upheaval in the mutual fund industry.

Swedish Defence Minister Pal Jonson told reporters that Sweden wanted «to send the message now that we are both intensifying our support and increasing its strength and scope.» «There are strong reasons to do so in light of the seriousness of the situation in Ukraine,» Jonson added. The majority of the aid package, nine billion kronor, would go towards the acquisition of newly produced materials, «mainly from the Swedish, but also the European defence industrial base.» The materials would be selected judged by «Ukrainian needs,» the government said.

Global High Wealth unit, has seen a significant 38% loss in its workforce this year. This dramatic reduction follows the Trump administration’s efforts to shrink the federal workforce, according to recent data from the International Consortium of Investigative Journalists (ICIJ). Before these cuts, the office employed 353 people, but now it is down to just 220 employees. This decrease in staff is substantially higher than the overall loss rate at the IRS, which has impacted the unit’s ability to effectively audit the wealthiest Americans.

«Over the next four years, we aim to achieve Rs 1,000 crore in revenue by expanding our capabilities, diversifying our product portfolio in the appliances segment, and driving innovation through R&D,» Bajaj told PTI. The company, which operates two manufacturing units at Greater Noida, UP, had a revenue of Rs 409 crore for the financial year that ended on March 31, 2024 and expects to end the current fiscal year around Rs 470 crore.