Highlights: Trump has blown the lid off the illusion, India must build resilient economy, says Rahul

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11:02 PM

Panel to monitor diversion of goods by neighbours to India

The Centre has set up an inter-ministerial panel to closely monitor imports hitting domestic shores, amid fears of diversion of shipments from neighbouring nations such as China, Vietnam, Thailand and Indonesia towards India, people aware of the matter said. This is because the United States (US) has imposed higher reciprocal tariffs on these countries compared to India’s 26 per cent.

9:54 PM

China's growth driven by unfair trade practices: Piyush Goyal

China’s rapid economic growth has largely been built on unfair trade practices, and it’s time for the global community to restore fairness in international trade, said Union Minister of Commerce and Industry, Piyush Goyal at the India Global Forum on Sunday.

9:41 PM

Centre receives demand for 15K e-buses from three states

Under the PM e-Bus Sewa-Payment Security Mechanism (PSM) scheme, three states, namely Gujarat, Telangana and Karnataka, have placed requests with the Centre for 15,000 electric buses (e-buses) at a subsidised price. India aims to deploy 50,000 e-buses by 2030, with a focus on nine major cities and seven states — Gujarat, Telangana, Karnataka, Delhi, Maharashtra, Tamil Nadu and West Bengal — under the National Electric Bus Program (NEBP), which was launched in 2022.

9:41 PM

Indian firms with FDI ban can issue bonus shares to existing non-resident shareholders

The government on Monday clarified that any Indian company engaged in a sector where foreign direct investment (FDI) is prohibited can issue bonus shares to its pre-existing non-resident shareholders.

9:40 PM

Excise duty on petrol, diesel raised by ~2 after 34 mths

The Union government on Monday hiked excise duty on both petrol and diesel by ~2 per litre each after a gap of 34 months but the latest hike will be absorbed by oil marketing companies (OMCs). On the other hand, in what is seen as a good news for consumers, Petroleum and Natural Gas Minister Hardeep Singh Puri said that retail rates of both the fuels may be slashed going forward if the low international prices hold.

9:40 PM

Narayana launches preventing screening programme ‘Aarogyam’

Narayana Health has launched a preventive screening programme named “Aarogyam” at Bengaluru’s information technology (IT) corridor to enable professionals to get quick health checkups.

 

8:31 PM

Piramal Finance gets RBI nod to operate as NBFC-ICC

The Reserve Bank of India (RBI) has granted approval to Piramal Finance, formerly Piramal Capital & Housing Finance) to start its business of Non-Banking Financial Institution – Investment & Credit Company (NBFC-ICC) without accepting public deposits, Piramal Enterprise said in its exchange filing on Monday.

 

After receiving the Certificate of Registration (CoR) to operate as Piramal Finance, the company will stop conducting its business as a Housing Finance Company (‘HFC’) and has accordingly surrendered the HFC Certificate of Registration.

 

 

7:14 PM

CCI seeks evidence in complaint against q-com companies

The Competition Commission of India (CCI) has sought additional information from the All India Consumer Products Distributors Federation (AICPDF) on its complaint against quick commerce companies, according to people in the know. The AICPDF had filed a complaint with CCI on behalf of its president, Dhairyashil Patil, against Blinkit, Zepto, and Instamart last month.

7:00 PM

Rupee erases 2025 gains, logs steepest single day decline in 26 months

The rupee logged its steepest single-day decline in around 26 months amid global trade war tensions, erasing all its gains of 2025. Fears over global trade tensions escalated after China implemented retaliatory tariffs on US goods.

6:59 PM

Naidu write to Goyal to save shrimp farmers, bats for India-EU FTA

Andhra Pradesh Chief Minister late Sunday evening urged the Centre to stand by the southern state’s “aqua sector”, especially farmers engaged in shrimp cultivation and exports, which he said is set to suffer losses because of the 26 per cent reciprocal tariff that the United States has imposed on seafood exports from India.

6:59 PM

HoABL denies forgery allegations by Macrotech, files police complaint

Abhinandan Lodha’s House of Abhinandan Lodha (HoABL) has “strongly” denied forgery accusations by his elder brother’s firm Macrotech Developers (Lodha), and has filed a police complaint against unknown people to investigate the allegations against the company.

6:58 PM

Trade war trips India markets

The market selloff, sparked by concerns over a trade war and a potential US recession, deepened on Monday, as the benchmark Sensex and Nifty registered their largest single-day decline in 10 months. During early trading, both indices plummeted by 5 per cent each—the sharpest percentage drop since the Covid-impacted March of 2020—while stock market tickers flashing vivid red, echoing memories of the pandemic era.

6:58 PM

Results preview: Banks’ net profit likely to fall 4% Y-o-Y in Q4

Net profit of 19 listed banks is likely to decline by 4 per cent year-on-year (Y-o-Y) for the quarter ended March (Q4FY25) mainly due to pressure on net interest margins (NIM) as a result of rate cut by the Reserve Bank of India (RBI), according to analysts’ estimates.

4:54 PM

BJD MP Muzibulla Khan demands action against party RS leader Sasmit Patra

Biju Janata Dal (BJD) Rajya Sabha MP Muzibulla Khan on Monday demanded action against the party's leader in the Upper House of Parliament, Sasmit Patra, for allegedly changing the regional outfit's official decision to vote against the Waqf Bill. Khan met BJD president Naveen Patnaik here and accused Patra of maintaining "double standards". He said those who voted in support of the Waqf Bill should join the BJP.

4:51 PM

People should say ‘cut' to Suresh Gopi: Kerala Minister Ganesh Kumar

Launching a sharp attack on Union Minister Suresh Gopi for his recent controversial remarks, Kerala Transport Minister K B Ganesh Kumar on Monday said it is the people—not anyone else—who should say "cut" to the actor-turned-politician. Responding to a question about Gopi's outburst at mediapersons outside Kochi airport recently, Ganesh Kumar stated, "I'm not the director to say 'cut' to Suresh Gopi. Action and reaction are personal choices. But in the end, it's the public who should say, ‘Cut'.

4:06 PM

Trump has blown the lid off the illusion, India must build resilient economy, says Rahul

"Trump has blown the lid off the illusion. Reality is biting back. PM Modi is nowhere to be seen. India has to accept reality. We have no choice but to build a resilient, production-based economy that works for all Indians," Rahul Gandhi said in a post on X.

3:57 PM

News update: HM Amit Shah lauds BSF troops for safeguarding country's borders in challenging circumstances

3:40 PM

News update: Govt hikes excise duty on petrol and diesel by Rs 2 a litre each

3:07 PM

If anything happens to SP MP Suman, Adityanath will be responsible: Akhilesh on 'Rana Sanga' remark

Samajwadi Party (SP) president Akhilesh Yadav on Monday said that if anything happens to his party MP, Ramji Lal Suman, Uttar Pradesh Chief Minister Yogi Adityanath will be responsible for it. He alleged that the chief minister was promoting a "hidden underground force" which is humiliating people and targeting opposition voices. The remarks come in the wake of an attack on Suman's residence in Agra by members of the Karni Sena.

2:36 PM

News update: President Trump has wrecked havoc across stock markets, says Rahul Gandhi

"Less than 1% of the people here have their money invested in the stock market, which means the stock market is not a field for you. Unlimited money is made in it, but you don't get the benefit of it," says Rahul Gandhi.

2:29 PM

News update: People from weaker sections of society being treated as second-class citizens, says Rahul Gandhi

2:03 PM

SC refuses to hear ED's plea against plea to Lalu aide

The Supreme Court on Monday refused to examine a plea of the ED against the bail granted to RJD chief Lalu Prasad Yadav's close aide and businessman Amit Katyal in a money laundering case linked to the alleged land-for-jobs scam in the Indian Railways. A bench of Justices M M Sundresh and Rajesh Bindal said it was not inclined to interfere with the Delhi High Court order. "No big fish. Main persons have not been arrested. Why go on after only small flies? Are you afraid of going after them? Why have you not arrested 11 other accused?" the bench said.

1:48 PM

China accuses US of unilateralism, protectionism with tariffs

China on Monday accused the US of unilateralism, protectionism and economic bullying with tariffs. “Putting the US first over international rules is a typical act of unilateralism, protectionism and economic bullying,” Foreign Affairs spokesperson Lin Jian said.

1:32 PM

PM ignoring TN's demand, hasn't taken steps to resolve fishermen issue: Stalin

Tamil Nadu Chief Minister M K Stalin on Monday accused Prime Minister Narendra Modi of ignoring Tamil Nadu's demand for resolving the fishermen issue and claimed that he did not seem to have taken up Katchatheevu islet retrieval with Sri Lanka during his recent visit there. Modi has also not initiated measures to have the Tamil Nadu fishermen and their fishing boats released, Stalin said in the Assembly.

1:15 PM

Private schools looting people with arbitrary fee hikes, says Atishi, asks for CAG probe

AAP leader Atishi on Monday accused private schools in the national capital of imposing arbitrary fee hikes following the formation of the BJP government in the city. "Private schools have started their loot now that there is a BJP government in Delhi. From the very first day, they began increasing fees by a substantial margin," she said.

1:09 PM

I will not allow eligible candidates to lose school jobs: Bengal CM Mamata Banerjee

Bound by SC verdict on school jobs, but taking proactive steps to ensure situation is handled with utmost care, fairness, says Mamata Banerjee.

12:27 PM

Security augmented in Kashmir ahead of Amit Shah's visit

Security was beefed up across Kashmir on Monday ahead of Union Home Minister Amit Shah's arrival later in the day, officials said here. Shah, who is currently in Jammu, is on a two-day visit to the Union Territory to review security measures. He is scheduled to visit the house of deceased police officer Humayun Muzammil Bhat in Humhama, before heading to the Rajbhawan for an overnight stay.

11:54 AM

Akhilesh Yadav slams BJP govt over plight of tomato farmers in UP

Samajwadi Party president Akhilesh Yadav on Monday hit out at the BJP-led government in Uttar Pradesh, alleging that tomato farmers are not even able to recover their input costs, highlighting the government's "neglect" of the farming community. In a post on social media platform X, Yadav wrote, "The fact that tomato farmers in UP are not able to recover even their basic costs shows how much the BJP government neglects agriculture and farmers. The BJP is not interested in boosting production but rather in promoting the buying and selling of goods, so that they can earn (as an intermediary)."

11:25 AM

J-K Assembly adjourned for 15 minutes over Waqf Act protests

The Jammu and Kashmir Assembly was adjourned for 15 minutes by Speaker Abdul Rahim Rather on Monday following a ruckus over his refusal to adjourn the question hour to discuss the Waqf (Amendment) Act. This is the first time the house has been adjourned during the Budget session. National Conference members, led by Nazir Gurezi and Tanvir Sadiq, moved a motion for the adjournment of the question hour to discuss the Waqf law, for which nine members, belonging to the NC, Congress, and a few Independent members, had given notice to the Speaker.

 

11:16 AM

Pleas challenging validity of Waqf law mentioned in SC for urgent listing and hearing

CJI Sanjiv Khanna assures senior lawyer Kapil Sibal, others that he will take decision on listing of petitions