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Sushant Dash, CEO, Starbucks India says «We are focussing on store count expansion. And when you are doing that, it requires investment. And that has an impact on the bottom line.» As of September 2024, the company has a new global CEO, Brian Niccol who took on the role after Laxman Narasimhan, who held the position since March 2023 and was replaced amid declining sales and stock prices, last September.

Nadeem Akhtar, another JD(U) leader resigned from the party making him the fifth member to leave over the party's support for the Waqf Amendment Bill. His resignation follows that of four other leaders, including JD(U) leader Raju Nayyar, Tabrez Siddiqui Alig, Mohammad Shahnawaz Malik and Mohammed Kasim Ansari. Earlier, JD(U) leader Raju Nayyar wrote in his resignation, «I resign from JD(U) after Waqf Amendment Bill is passed and supported in the Lok Sabha.» He went on to express his deep disappointment with the party, stating, «I am deeply hurt by the JD(U) voting in favour of this black law, which oppresses Muslims.» «I resign from the post of former state secretary of JD(U) youth and primary membership of the party. I request to send a letter to the Honorable CM Nitish Kumar and relieve me from all responsibilities,» he added.

Wikipedia has been ordered to remove statements deemed defamatory by an Indian court from the page of a domestic news agency it hosts, the latest such directive to the popular online encyclopedia. The Wikimedia Foundation is the second major tech platform, following X, formerly Twitter, to become embroiled in recent years in court battles over content takedown orders in India. Last year the agency, ANI, sued Wikimedia for defamation in the Delhi High Court, citing a Wikipedia description that it faced criticism for being a government «propaganda tool» and sought removal of such statements.

The NSE Nifty index traded 257.5 points down at 22992.6, while BSE Sensex was down 645.22 points at 75650.14 as of 11:22AM(IST)on April 04.

Enforcement Directorate on Friday conducted searches at offices of Kerala-based businessman Gokulam Gopalan, one of the producers of the movie "L2: Empuraan", and some others as part of an alleged foreign exchange violation case, official sources said. The searches are being undertaken in Chennai (Tamil Nadu) and Kochi (Kerala) under the provisions of the Foreign Exchange Management Act (FEMA), the sources said.

In fact, he stated that if India negotiates wisely during bilateral trade talks with the US, it could even gain some ground. Gulati said, «If competing countries face lower tariffs than India, then India may lose in that product exports. Overall, it seems India may not lose much in agriculture. But if we negotiate smartly in BTA, we may gain.» Gulati also explained that the impact of these tariffs will not be the same for all agricultural products. The final outcome depends on various factors, including how the US sets tariffs on India and other competing countries. Under the new policy, Indian agricultural exports to the US are currently subject to a 27 per cent tariff (as per the trade document). However, what really matters is how these tariffs compare with those applied to countries that compete with India in the same product segments.

Citibank's latest forecast means it expects a total of 100 basis points in rate cuts for the year, in line with those predicted by JPMorgan and Nomura. The Reserve Bank of India cut the repo rate by 25 basis points to 6.25% in February, its first in nearly five years. The 27% tariff imposed by the U.S. on Indian imports could impact GDP growth in 2025-26 by close to 40 basis points, Samiran Chakraborty, Citi's chief India economist, said in a report. «If these tariffs lead to a material global growth slowdown, then potentially that could impart a larger negative effect on India's exports,» Chakraborty said. «Also, we are worried that persistent uncertainty around continuously negotiated tariffs could depress private investment intentions and affect GDP growth too,» he said.

dollar index weakened to a six-month low of 101.5. The local unit opened weaker at 85.77, but gained during the day to end stronger, traders said. “The safe haven status of the dollar seems to be diminishing due to concerns about how trade policy may impact growth in the US,” a trader in a private bank said. The weakness helped strengthen the rupee, he said.

Auto and IT shares were the laggards, while power, pharma and consumption stocks remained steady.

Information Technology stocks slumped by as much as 10% on Thursday amid renewed inflation concerns in the US, following President Donald Trump's announcement of long-anticipated reciprocal tariffs. The Nifty IT index tumbled 4.2% — the biggest loser among sector indices. Shares of Persistent Systems plunged 10%, while Coforge dropped nearly 8%. TCS, Infosys, Wipro, Mphasis, LTIMindtree, and HCL Technologies declined between 3% and 4%.

Witch Watch, in April 2025. The anime is based on the manga by Kenta Shinohara and directed by Hiroshi Ikehata. The series will be available globally and will include multiple language dubs after its initial release.

TDP's nuanced stand on the waqf bill is a well-crafted strategy to woo Muslim voters and make inroads in Rayalaseema — YSRCP chief Jagan Mohan Reddy's stronghold. While TDP voted in favour of the bill, it proposed that the appointment of non-Muslims in state waqf boards be left to state governments. The decision to take this stance and propose this change through rules was taken after Andhra Pradesh CM N Chandrababu Naidu held consultations with legal experts and Muslim groups. The party has its eye firmly on the Muslim electorate that comprises about 9.5% of the state's population.

Business of word play- Union minister Jyotiraditya Scindia on Thursday spoke about the government's attempt to revive BSNL. After he completed his reply during question hour in the Rajya Sabha, Chairman Jagdeep Dhankhar said that BSNL now means 'Bhai Sahab Nishchit Lagega' while in the past people used to criticise BSNL for poor connection by mocking it as 'Bhai Sahab Nahi Lagega'. Happy about screen time- Sansad TV’s decision to show the presiding officer and the MP speaking at the moment in a split frame on the screen has made panellists chairing the proceedings happy. While the initial reaction was that this has been done to give more footage to the Rajya Sabha Chairman and the Lok Sabha Speaker, the panellists are delighted as they get more visibility in the few minutes that they get to preside over the proceedings. People from their constituency and the state concerned see the panellists almost throughout the period they chair the proceedings.

World Trade Organization (WTO) said Thursday.

The leaders discussed ways to boost cooperation in areas like trade, investment, tourism, culture, and education, with a focus on linking India's northeastern states with Thailand. «Today, we have decided to elevate our relations to the level of a Strategic Partnership,» Modi said following his talks with Shinawatra in Bangkok on the eve of the BIMSTEC Summit. At a joint press conference after the talks, Modi stated: «In the Indo-Pacific, we both support a free, open, inclusive, and rules-based order.

Quad dynamics remain stable, as the grouping is critical for Indo-Pacific security. «Tariff per se does not impact Quad.

Subscribe to enjoy similar stories. I first suspected artificial intelligence was eating my brain while writing an email about my son’s basketball coach. I wanted to complain to the local rec center—in French—that the coach kept missing classes.

Mark Carney announced a limited set of counter measures against U.S. tariffs on Thursday while calling President Donald Trump's protectionist moves a tragedy for global trade. Carney said the Canadian government will copy the U.S. approach by imposing a 25% tariff on all vehicles imported from the United States that are not compliant with the U.S.-Mexico-Canada trade deal. Carney also told a press conference that the new tariffs would not apply to auto parts and would not affect vehicle content from Mexico. «Given the prospective damage to their own people, the American administration should eventually change course. But I don't want to give false hope,» Carney said, adding that it could take a long time for the United States to shift approach. Carney said Canada's previously announced tariffs would stay in place. Trump's new tariffs sent shockwaves through markets on Thursday. His 10% baseline levy on all U.S. imports, with much higher duties on some countries, encouraged investors to flee risky assets as they worried Trump was upending global trade.

Vedanta Ltd on Thursday reported record production figures across key business verticals for the fourth quarter and fiscal year ending March 31, 2025, the company said in a regulatory filing. Vedanta achieved historic highs in aluminium and zinc production while also recording strong growth in iron ore, steel, oil and gas, and power sales. Annual aluminium production saw a 2% increase year-on-year, reaching 2,421 kt, while fourth-quarter output grew 1%.

HDFC Bank, India's biggest private lender by assets, said on Thursday its growth in deposits outpaced that of loans in the three months to March 31, compared with the preceding quarter. Deposits rose 5.9% to 27.15 trillion rupees ($318.5 billion), the Mumbai-based bank said, higher than the 2.5% rise in the October-December quarter. Its low-cost current and savings account deposits rose 8.2%.

Bharat Heavy Electricals Limited, Hitachi Energy India will jointly develop India's largest private sector power transmission project. The roughly Rs 12,000 crore contract was awarded by Adani Energy Solutions to design and deliver high-voltage direct current (HVDC) terminals.