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Zomato and Swiggy, and cut their target prices citing expectations of rising losses in the quick commerce business over the next 12-15 months and slowing growth in margins in the food delivery unit. The brokerage has downgraded Zomato from 'Buy' to 'Neutral', and cut its price target to ₹250 per share, and Swiggy to 'Underperform' from 'Buy' with price target slashed to ₹325.

Indian diaspora withdrew more money than it invested in local bank deposits since October last year despite the sharp depreciation of the rupee, possibly indicating a tighter job market overseas, especially in the Gulf countries, as well as a fear of uncertainty in the global economy amid a looming tariff war, said people familiar with the matter. Reserve Bank of India (RBI) data showed that there was a net outflow of $1.5 billion between October 2024 and January this year in non-resident deposits while the rupee depreciated 3.3% during this period. The outstanding NRI (non-resident Indian) deposits stood at $161.2 billion at the end of January, down from $162.7 billion at the end of October last year.

They told ET in an interview that macroeconomic uncertainty, potential tariff wars and inflation concerns may slow down global real estate recovery, but India's strong fundamentals continue to attract long-term investors. «We think 2025 will continue to be a little bit more choppy, just because of the potential tariff wars. But as that gets resolved, we expect strong growth heading into 2026,» Robinson said.

BYD has led a brutal price war that has pushed it to become the largest seller in the world's biggest car market. This Monday, it reported $107 bn in revenue for 2024, crossing the $100 bn barrier for the first time. Displacing Volkswagen as China's top carmaker by sales, the company is aggressively expanding into overseas markets.

Trump administration, accusing them of violating federal record-keeping laws by discussing military operations on the encrypted messaging app Signal. The case, filed by American Oversight, names Defence Secretary Pete Hegseth, Director of National Intelligence Tulsi Gabbard, CIA Director John Ratcliffe, Secretary of State Marco Rubio, and Treasury Secretary Scott Bessent as defendants. “The Federal Records Act requires federal officials to preserve communications related to official government business,” American Oversight stated in its lawsuit, which seeks to prevent the destruction of federal records and compel compliance with the law. At the heart of the case is an extraordinary blunder: journalist Jeffrey Goldberg, editor-in-chief of The Atlantic, was mistakenly added to the group chat in which senior Trump officials were reportedly discussing a planned strike in Yemen. The lawsuit, however, does not focus on the security breach itself but rather on the officials’ alleged failure to preserve these critical communications.

Videos that appeared to be authentic showed hundreds of people taking part in a protest in the heavily destroyed northern town of Beit Lahiya on Tuesday. People held signs saying «Stop the war,» «We refuse to die» and «The blood of our children is not cheap.» There were calls for more protests on Wednesday. At least one was held in the hard-hit Shijaiyah neighborhood of Gaza City, where dozens of men chanted «Out, out out! Hamas get out!» «We are sick of the bombing, killing and displacement,» said Ammar Hassan, who took part in the protest on Tuesday. He said it started as an anti-war protest with a few dozen people but swelled to more than 2,000, with people chanting against Hamas.

Subscribe to enjoy similar stories. President Trump acknowledged that his rapid drive to end the war in Ukraine had hit a snag, observing that Russia appeared to be slow-walking the U.S.-brokered negotiations as it angles for further concessions from the West. Trump’s comments came hours after the White House announced a Black Sea cease-fire deal and Russia promptly demanded additional steps from the West on sanctions relief before complying with such a truce.

Subscribe to enjoy similar stories. A new U.S. missile system deployed in the Philippines puts key Chinese military and commercial hubs within striking distance and hands President Trump an early test of his commitment to deterring Chinese aggression against American allies in Asia.

Jeffrey Goldberg said on March that he was accidentally added to a group chat with top members of the Trump Administration, as they discussed plans to attack the Houthis of Yemen earlier this month. Goldberg, the editor-in-chief of The Atlantic magazine, detailed the events in an article for the publication (“The Trump Administration Accidentally Texted Me Its War Plans”). The group chat on the encrypted messaging platform Signal included US Vice President JD Vance, Defence Secretary Pete Hegseth, National Security Adviser Michael Waltz and Secretary of State Marco Rubio.

Subscribe to enjoy similar stories. President Trump’s trade war is forcing America’s closest allies to choose between fighting back, or acquiescing. The trouble is, nobody has figured out which is the best way to get Trump to do what they want.

gold April futures contracts at MCX on Wednesday opened flat with a negative bias, down by Rs 20 or 0.02% at Rs 87,534/10 grams, while the silver May futures opened higher by Rs 220 or 0.22% at Rs 99,373/kg. On Tuesday, gold and silver settled on a positive note in the domestic and international markets. Gold April futures contract settled at Rs 87,554 per 10 grams with a gain of 0.32%, and silver May futures contract settled at Rs 99,153 per kilogram with a gain of 1.70%.

JD Vance and Second Lady Usha Vance will be visiting the Pituffik Space Base in Greenland on Friday to receive a briefing on Arctic security issues and engage with US service members, as per a release from the Office of the US Vice President on Tuesday (local time). According to the release, the space base, which is operated by the US Space Force's 821st Space Base Group, is the northernmost installation of the US Department of Defence. The base plays a critical role in missile warning, missile defence, and space surveillance missions. Vance also took to X, stating that he is «looking forward to visiting Greenland on Friday.» In a video message in the same post, Vance said, «I'm going to visit some of our guardians in the Space Force on the northwest coast of Greenland and also check out what is going on with the security there in Greenland.»

global shipping industry should be open to working with a new group of insurers that emerged to support Russia’s so-called shadow fleet, provided they follow best practice, according to a leading maritime group. The new insurers and P&I clubs — groups that pool risks — should be assessed based on their adherence to international safety and technical standards, Nikolaus Schues, president of shipping association Bimco, said in an interview. They may become legitimate should the Trump administration roll back sanctions on Russia, he said, with the US bidding to end the war in Ukraine. “Some of the new insurers may become part of the IG,” Schues said on Tuesday, referring to the International Group of P&I Clubs, an association whose members provide cover for most ocean-going tonnage against risks including spills and collisions. “Hopefully, after the Russian sanctions end, the bad part of the parallel fleet will go away.”

Under US law, it can be a crime to mishandle, misuse or abuse classified information, though it is unclear whether those provisions might have been violated in this case. Below are some of the main facts about Signal:

Subscribe to enjoy similar stories. Ukraine has navigated a turbulent political landscape since Russia’s 2022 invasion. Its strategy has shifted among direct negotiations, military offensives and increasingly complex diplomatic back channels.

Currency moves amid Donald Trump’s tariff war are aligning to actually boost Canada’s stock market, according to a CIBC analyst.

Punjab Kings and their new skipper Shreyas Iyer, who anchored the team's batting and and missed his maiden IPL ton by just three runs against Gujarat Titans. Giving a dream start to the franchise in red in their IPL 2025 opener, Iyer smashed 97 runs to set 244 as target for the Shubman Gill-led team to chase. Iyer, the champion captain of IPL 2024, who led Kolkata Knight Riders to their second title win, hit five FOURs and nine SIXES, covering the Narendra Modi stadium 360 degrees. His knock is a carry-forward of his brilliant form he has carried right from domestic cricket to Champions Trophy. Shashank Singh's cameo knock of 44 runs added valued runs to the scorecard and the batsman smashed five boundaries in the final over, keeping the Kings' skipper on the non-striker's end. In an interview post his innings, Singh revealed that Iyer was clear that he doesn't want any batsman to care about his possible century but simply make runs for the team.

However, Trump Defense Secretary Pete Hegseth has denied the allegations saying no war plan was discussed. Hegseth discredited Atlantic editor-in-chief Jeffrey Goldberg who claimed that he was mistakenly added to the group where the war plans were leaked. Apart from the massive breach, which the White House has not denied, the chats — now viral — revealed the true feelings of Trump officials about Europe. ALSO READ: US recession: Jim Walker, who predicted 2008 US market crash, sounds alarm over economic turmoil

CBS’ 60 Minutes, where the actor and director voiced concerns about press freedom and government interference. Trump, never one to stay silent, fired back on Truth Social, dismissing Clooney as a «second-rate movie star» and a «failed political pundit.» The timing couldn’t be more fitting—Clooney is promoting his Broadway adaptation of Good Night, and Good Luck, a play inspired by journalist Edward R. Murrow’s takedown of Senator Joseph McCarthy’s anti-communist hysteria in the 1950s. The parallels between McCarthyism and today’s media battles weren’t lost on Clooney, who warned that the press is facing an era of suppression, much like in Murrow’s time.

Bihar Legislative Council on Tuesday witnessed yet another spat between Chief Minister Nitish Kumar and Leader of the Opposition Rabri Devi who was told by the former that she was inconsequential, but for being the wife of RJD president Lalu Prasad. The JD(U) president's fresh fit of temper was caused by the sight of RJD MLCs reaching the House wearing badges, dyed in green, the colour of the party flag, with slogans declaring that quotas for deprived castes had been hiked in the state by the «Tejashwi government» and were «stolen» after BJP returned to power. Tejashwi Yadav, the RJD supremo's son and heir apparent, was the Deputy CM when the quotas were hiked through legislations passed in 2023, which were, however, quashed by the Patna High Court months later. Bihar's longest-serving CM was visibly miffed at the attempt by his former ally to steal credit for the populist move and he made one of the MLCs stand up so that the badge and the slogans on it could be seen clearly. Staring upwards in the direction of the media gallery, the septuagenarian said, «Just look at this spectacle. You can see this only in this party». Rabri Devi rose in protest against the derision of her party, only to be snubbed by Kumar with the remark, in Bihari slang, «You just stay out of this. The party is not yours but that of your husband».