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Trump escalated the global trade wars with his plans to slap aggressive tariffs on auto imports from next week. There was no uniform flight to safety, however, even though gold leaped to a new high, as mounting inflation concerns pushed up Treasury bond yields. My column below shines a light on the rather surprising resilience shown by currencies of the countries that will be hit hardest by Trump's auto tariffs.

Subscribe to enjoy similar stories. Bengaluru-based electronics designer and manufacturer, Indkal Technologies, is closing its next venture capital-backed funding round—raising $100 million by June this year. Speaking with Mint, Anand Dubey, chief executive of Indkal Technologies, said that the company is close to finalizing its upcoming funding round, and before this it will also make its first product announcement as a design-led electronics manufacturing firm.

Subscribe to enjoy similar stories. One in every five ultra-high net worth individuals in India is either in the process of migrating overseas or plans to, according to a survey by Kotak Private Banking, a unit of Kotak Mahindra Bank. Its study found a higher propensity to migrate among professionals than entrepreneurs or those who inherited their wealth.

News reports indicate that Putin is struggling with serious health issues such as cancer and Parkinson's, as evidenced by shaking limbs and puffy features. The Kremlin persists in denying everything.

bilateral trade agreements. Accompanying political energy and encouraging words reflect a dramatic departure from sobering scepticism of the recent past. The big change is, of course, Donald Trump's unsheathing of tariffs. Inevitably, trade negotiations with the US are the principal driver. Not every trade agreement will be uniform. Concessions will likely vary, depending on strategic vulnerability. As India's most consequential business, technology and foreign policy relationship, the US will get priority in timing and substance. This is rooted in realism. It's the same approach every other major trade partner of Washington will take. In a volatile world, marked by American recalibration and retrenchment, there are significant gains to becoming among the earliest countries to find accord with the Trump administration. Gains will be both tangible and intangible.

In a company note on Wednesday (26 March), Urban Logistics acknowledged the receipt of Achilles' proposal to requisition a general meeting which would seek to oust three board members – Nigel Rich, Richard Moffitt and Heather Hancock – and said it will recommend shareholders to vote against the proposed changes. According to the REIT, the general meeting will allow the board to demonstrate to its shareholders the «true quality and potential» of the business, as well as the «merits of internalisation» and the track record of governance that the board has shown.  Urban Logistics REIT hi...

sectoral deployment of bank credit shows Retail loans rose 14 percent (y-o-y) during the fortnight ended February 21 as compared with 18 per cent a year ago, largely due to decline in growth rate in ‘ unsecured personal loans’, ‘credit card outstanding’ and ‘vehicle loans. Credit to services sector went up by 13 percent (y-o-y) in the February 21 fortnight (21.4 per cent for the corresponding fortnight of the previous year), with a decelerated growth in credit to ‘non-banking financial companies’ (NBFCs). However, credit growth (y-o-y) to ‘computer software’ accelerated. Credit growth remained robust in ‘professional services’ and ‘trade’ segments, the RBI data showed. .

Reserve Bank of India’s first rate cut in five years into deposit and lending rates were mixed in February. While banks lowered rates on new deposits, they did not offer lower rates to new loan borrowers immediately. Data released Thursday by the RBI showed that the weighted average domestic term deposit rate on fresh deposits of banks fell to 6.48% in February from 6.56% a month ago. On the outstanding deposits, the rate remained unchanged at 7.02%. At the same time, the weighted average lending rate (WALR) on fresh rupee loans of banks increased to 9.40% in February from 9.32% in the previous month. This was because MCLR had gone up by 5 basis points in February. In the subsequent month, one-year median MCLR fell by 5 bps to 9.00% in March, the RBI data showed.

“I am concerned that pure politics could damage our prospects in future competitions,” admitted an executive at a leading US contractor. The fear? That Trump’s erratic foreign policy could leave allies exposed—or worse, that the US could remotely disable their aircraft if political relations soured.

Highcroft – listed on the International Stock Exchange – was valued at 842.1p per share or £43.8m, a premium of 40.4% to the closing price of 600p on 26 March. The respective boards have agreed to the takeover via an all-share offer, which will see Highcroft shareholders receive 4.65 LondonMetric shares per Highcroft share as well as an interim dividend of 35p per Highcroft share, payable on 16 May.  Warehouse REIT agrees to 'final' indicative cash offer proposal from Blackstone Highcroft shareholders who retain their new LondonMetric shares once the acquisition has completed, will...

Zydus Wellness Ltd.(up 4.49%), Prataap Snacks Ltd.(up 4.26%), Emami Ltd.(up 3.65%), LT Foods Ltd.(up 3.29%), Parag Milk Foods Ltd.(up 2.13%), Adani Wilmar Ltd.(up 2.07%), ADF Foods Ltd.(up 1.77%), Varun Beverages Ltd.(up 1.60%), Gillette India Ltd.(up 1.54%) and Jyothy Labs Ltd.(up 1.47%) stood among the top gainers.

Liam Lawson's first Formula One season with Red Bull is coming to an end on a disappointing note after just two races. New Zealand’s Lawson is facing the axe after a disappointing show in the 2025 season opening Australian Formula One at Melbourne and the Chinese GP in Shanghai. The decision by Red Bull management to replace Lawson with Japanese driver Yuki Tsunoda has not gone down well in New Zealand as well as the current F1 world champion Max Verstappen. The latter is also the Red Bull flagbearer and Lawson's teammate on the F1 Grand Prix circuit. Verstappen is reported to be frustrated by Red Bull deciding to sack Lawson after only two races. He stated that Racing Bulls, the feeder of Red Bull where Lawson used to race before his elevation, cars are easier to drive. “That Racing Bulls car is easier to drive than ours. I notice that when I talk to Liam. Last year the difference between him and Yuki wasn't that big, I thought. Otherwise the team wouldn't have made the choice to put Liam in at Red Bull,” said the F1 world champion. New Zealand Minister for Sport Mark Mitchell jumped into the controversy backing Lawson. “I'm disappointed if he isn't racing in the Red Bull, but I'm really excited that if he's at least back in the Racing Bull, that he can go and show everyone what he's capable of," he told New Zealand media.

«Some of the self-inflicted fundamental factors like RBI keeping liquidity tight, government going slow on spending in the first half, those are now getting unwound,» says Mihir Vora, CIO, Trust Mutual Fund. Where markets are headed. Mihir Vora: We had this good correction for five months and we had a smart bounce back. The correction had some reasons and maybe to some extent it was overdone so that overdone part is probably done. So, we have had the reset, I would say. I call it the reset in the market.

Malayalam film has finally arrived at the theatres. Mohanlal and Prithviraj-starrer ‘L2: Empuraan’ is all set to make box-office history. As per Sacnilk reports, the pre-sales figures for the action thriller have already crossed Rs 50 crore globally. The early reviews for the Malayalam magnum opus are already out on Twitter.

Donald Trump has indicated that there will not be too many exceptions to his reciprocal tariff announcement on April 2. «We don't know what will happen. There is a bit of uncertainty around that. Whether tariffs will be announced or imposed on us, we will see what comes and adequately react,» said an official. Another official said the Indian industry is worried about the US' plan and wants early conclusion of the bilateral trade agreement. «Industry is paranoid. Lot of jobs are at stake. It is demanding to do it (BTA) as fast as possible otherwise they will suffer from the US reciprocal tariffs,» the official said, adding that the industry wants to avert or delay tariffs. In the scenario the tariffs are imposed as threatened, industry wants protection from the impact and has written to the government regarding the same, according to the official.

Ben Affleck and Jennifer Lopez’s personal lives don’t seem to stop making headlines even after their high-profile divorce. Ben Affleck denied allegations that Jennifer Lopez's documentary was the reason for their breakup. Although numerous fans noted his clear unease during the documentary, Affleck confirms that it was not the reason they broke up.

The ministry has put in place standard measures to maximise generation capacity, like ensure sufficient availability of coal, maximising hydropower, reducing the number of planned maintenance during the season, and optimising imported coal-based plants.

Rajasthan leads with the largest share at 20.3%, followed by Maharashtra (11.8%), Gujarat (10.5%) and Karnataka (9.8%).

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.

indigenous fighter jet, the light combat aircraft Mk1a, has been delivered, marking the start of supplies that had been delayed due to supply chain constraints. GE Aerospace has handed over the first of 99 F404-IN20 engines on order to Hindustan Aeronautics Limited and a total of 12 engines are expected to be sent this year. The supply of LCA Mk1a to the Air Force has been delayed by over a year as the engines could not come on time due to disruptions in global supply chains faced by the American vendor. The Air Force has placed an order for 83 jets on HAL, which now plans to gradually ramp up production, taking it to 24 aircraft a year. GE acknowledged the delays in supplies, saying that it shut down the production line for engines in 2016 when earlier orders had been fulfilled and restarting it was a complex task. The company added that the delivery of the first engine is an important milestone and it will continue to work with suppliers to keep the production line efficient. «Restarting the F404-IN20 engine line during Covid pandemic was even more challenging. With a high focus on safety and quality, and a remarkable commitment from our supply chain teams and our suppliers and partners, we have managed to restart the line,» Shawn Warren, general manager, Combat & Trainer Engines, GE Aerospace, said. The executive said that the engine is one the most successful in military aviation history and the variant delivered has been particularly made for the Indian requirement. «The F404-IN20 engine is a tailored design for India's single-engine fighter, with the highest thrust within the F404 family and a higher-flow fan, unique single-crystal turbine blades, and numerous special components,» he said.

chef Pam Pichaya Soontornyanakij's modern Thai-Cantonese storytelling. Diners eat inside a stunning Sino-Portuguese building where chef Pam's family lived and made traditional Chinese medicines for over 100 years. The space retains its charm and character. Dark molasses floors, exposed brick and jungle murals create a captivating blend of old and new, while a wall of medicinal brown bottles and kombucha-filled glass jars hints at Potong's alchemical artistry. Pam's philosophy rests on 5    elements — salt, acid, spice, texture and the Maillard reaction — each woven into an 11- course tasting menu. The dishes — modern interpretation of Pad Thai, a crab dish with roe, and duck — are beautifully composed, with bold yet familiar flavours, and presentations that avoid unnecessary frills.