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War-driven selloff erodes $447 bn off India mcap, close to Covid crash

Even as a crude-laden Indian tanker sailed safely from UAE's Fujairah and Tehran claimed Hormuz is closed for its 'enemies', the war continues to rattle many sectors

Updated On: 16 Mar 2026 | 9:09 AM IST

iPhone FOB value likely to hit $70 billion in 5 years of PLI scheme

Exports in the five-year period accounted for 70 per cent, or $50 billion, of the FOB production value as Apple Inc shipped "made in India" phones across the world

Updated On: 15 Mar 2026 | 11:39 PM IST

UpGrad plans to acquire edtech platform Unacademy in all-stock deal

If the deal closes, upGrad's integrated model will be on a strong trajectory, said Ronnie Screwvala, cofounder of upGrad, on X

Updated On: 15 Mar 2026 | 11:42 PM IST

Ring-fencing the next gen, Indian business families rethink trusts

Succession remains one of the most emotionally and operationally complex areas for Indian family businesses

Updated On: 15 Mar 2026 | 11:47 PM IST

Companies

RCom files review petition against SC decision on spectrum under IBC

Reliance Communications' resolution professional has asked the Supreme Court to review its ruling that telecom spectrum cannot be treated as an asset under the Insolvency and Bankruptcy Code

Updated On: 15 Mar 2026 | 10:48 PM IST

Accel, Google AI Futures Fund back five startups in India AI program

Early-stage companies selected from more than 4,000 applicants will receive up to $2 million each and access to Google's AI models and computing resources

Updated On: 15 Mar 2026 | 10:48 PM IST

Ferrari bets on India's rising wealth, growing community of collectors

Ferrari unveiled the 849 Testarossa in India, signalling a deeper push into the fast-growing luxury car market as rising wealth and a new generation of collectors fuel demand

Updated On: 15 Mar 2026 | 10:40 PM IST

Race to deploy LLM tools must be matched by AI safeguards: Nicolas Miailhe

AI Safety Connect co-founders say safety frameworks must evolve as fast as tools built on large language models, warning that gaps between capability and control create systemic risks

Updated On: 15 Mar 2026 | 10:16 PM IST

Lupin eyes next US growth pillar in complex generics and biosimilars

Nearly six decades after its founding, Lupin is targeting its next global growth phase in the US with a strategy centred on complex generics, biosimilars and innovation

Updated On: 15 Mar 2026 | 10:08 PM IST

IISc incubator to up funding for truly deep-tech startups: C S Murali

From academia to enterprise, the institute's deep-tech portfolio of 140 startups targets strategic self-reliance in satellite tech, turbines, and medical diagnostics

Updated On: 15 Mar 2026 | 10:05 PM IST

Economy

Services sectors feel ripple effects as West Asia crisis hits operations

Aviation, hospitality, travel, e-comm, q-com, logistics prepare for dent to bottomlines; IT services insulated for now

Updated On: 15 Mar 2026 | 11:48 PM IST

West Asia conflict likely to keep rupee under pressure amid oil surge

Third year of consecutive BoP deficit if oil stays above $100/bbl, to weigh on rupee

Updated On: 15 Mar 2026 | 11:46 PM IST

West Asia war cloud over India's economic 'sweet spot' as oil prices rise

Rising crude prices and trade disruptions from the West Asia war are prompting economists to trim India's growth forecasts, threatening the economy's recent "sweet spot"

Updated On: 15 Mar 2026 | 11:42 PM IST

India gains most from US nod to Russian oil imports, but concerns remain

The country still faces a shortfall of 700,000 bpd of crude oil in March compared to Feb

Updated On: 15 Mar 2026 | 11:31 PM IST

West Asia war a sword of Damocles over ₹3.6 trillion March capacity

Manufacturing projects worth over ₹1 trn nearing completion

Updated On: 15 Mar 2026 | 11:27 PM IST

India stares at steep rise in oil import bill amid West Asia conflict

India's net oil import bill could rise by $56-64 billion annually assuming global crude averages $110-115 per barrel in FY27

Updated On: 15 Mar 2026 | 11:13 PM IST

Industry seeks duty concessions to sell goods from SEZs to domestic mkt

Industry bodies have urged the government to allow SEZ units to sell goods in the domestic market at zero or concessional duties similar to FTA imports to remove disadvantages and boost manufacturing

Updated On: 15 Mar 2026 | 10:59 PM IST

West Asia crisis: India's gems & jewellery exports likely to lose sparkle

GJEPC says geopolitical tensions in West Asia have already cut India's gems and jewellery exports by 20%, warning the impact could reach $1.2 billion over the next three months

Updated On: 15 Mar 2026 | 10:51 PM IST

Statsguru: Economic strain in the shadow of rising West Asia conflict

Periods of major wars - both global and regional - have frequently aligned with spikes in India's inflation

Updated On: 15 Mar 2026 | 10:36 PM IST

Finance

Tax-saving contributions face March 31 deadline; align investments wisely

Last-minute choices made without considering needs could exact a high financial price

Updated On: 15 Mar 2026 | 10:24 PM IST

Opinion

Death and dignity: SC euthanasia judgement marks significant progress

The Supreme Court's decision allowing passive euthanasia for Harish Rana highlights India's evolving right-to-die framework-while exposing gaps in state systems to implement living wills

Updated On: 15 Mar 2026 | 10:48 PM IST

Plan B for tariffs: USTR investigations are aimed at restricting imports

After the courts blocked earlier tariffs, the Trump administration turns to Section 301 probes to justify new duties-putting India and other major trading partners under scrutiny

Updated On: 15 Mar 2026 | 10:42 PM IST

Livestock and fisheries emerge as powerful challengers to crop farming

India's farm sector is steadily shifting from cereals to high-value segments like horticulture, livestock, and fisheries - sectors now emerging as key drivers of rural incomes

Updated On: 15 Mar 2026 | 10:37 PM IST

AI rewrites the strategy for war, weapons as Iran conflict escalates

Artificial intelligence is accelerating the pace of warfare, reshaping targeting, surveillance and military strategy while spurring new defence technologies

Updated On: 15 Mar 2026 | 10:29 PM IST

Stabilising the Indian economy: Why currency depreciation is a good idea

Inflation targeting plus floating exchange rate plus open capital account

Updated On: 15 Mar 2026 | 10:29 PM IST

When markets fall: Should you worry or invest more amid volatility?

History shows that sharp falls are not unusual. Since 1980, the Indian stock market has corrected by more than 30 per cent on eight occasions

Updated On: 15 Mar 2026 | 10:14 PM IST

Trade and govt respond to Gulf war disruptions in shipping, energy

As the Iran conflict threatens shipping through the Strait of Hormuz, exporters step up risk management while the government moves to cushion trade and energy shocks

Updated On: 15 Mar 2026 | 6:24 PM IST

Of mis-selling and insurance for all by 2047: A bancassurance reality check

How to make bancassurance a genuine vehicle for financial security rather than a source of grievance and distrust

Updated On: 15 Mar 2026 | 3:57 PM IST

Markets

Par panel recommends IPO route for profitable RRBs to raise capital

The government should consider launching public offerings of highly profitable Regional Rural Banks (RRBs) to attract market capital and promote stronger corporate governance standards, a Parliamentary panel has said in its report. Standing Committee on Finance, headed by senior BJP leader Bhartruhari Mahtab noted the successful completion of the structural consolidation of RRBs, reducing their number from 43 to 28 highly viable entities across 11 states, eliminating the need for further capital infusion in 2026-27. RRBs have achieved a historic consolidated net profit of Rs 7,720 crore in just the first nine months of FY 2025-26, driving gross NPAs down to a 13-year low of 5.4 per cent, though vulnerabilities remain, particularly the 13.8 per cent GNPA in priority sector education loans. The panel recommend that RRBs actively mitigate these specific sectoral risks by fully leveraging their inclusion in the Credit Guarantee Fund Scheme for Education Loans (CGFSEL) and aggressively .

Updated On: 15 Mar 2026 | 11:48 PM IST

Oil market set for tumultuous week on rising West Asia conflict risks

Asian nations seeking US energy to reduce reliance on West Asia

Updated On: 15 Mar 2026 | 10:17 PM IST

Portfolio pain deeper than headline indices suggest: HDFC Securities CEO

Market volatility from the West Asia conflict may keep equities in risk-off mode, but a sharp downgrade to India Inc's earnings would require sustained oil shock, says Dhiraj Relli of HDFC Securitie

Updated On: 15 Mar 2026 | 10:12 PM IST

Market breadth sinks below Covid lows amid rising West Asia conflict

The ADR has remained below 1 in six of the past 12 months, indicating that market breadth had already been deteriorating before the latest geopolitical flare-up

Updated On: 15 Mar 2026 | 10:05 PM IST

Iran war: Auto earnings at risk as demand sputters, margin worries mount

Rising input costs, export risks to the Middle East and fears of gas supply disruptions weigh on Indian auto stocks amid the escalating Iran conflict

Updated On: 15 Mar 2026 | 9:57 PM IST

Street Signs: Hope afloat for mega floats, sell-off clouds IPO pipeline

New free-float norms may unlock mega IPOs like Reliance Jio and NSE, even as market volatility tests airline stocks and complicates listing plans for firms such as PhonePe

Updated On: 15 Mar 2026 | 9:57 PM IST

Technology

Deepfake attacks rise 900%, most women take 'no action': Report

Report flags sharp rise in AI-generated deception, with women disproportionately targeted and cybercrime complaints climbing sharply

Updated On: 15 Mar 2026 | 10:34 PM IST

After India AI Impact Summit, firms turn talk into business globally

A month after the India AI Impact Summit, startups report partnerships, product launches and global leads as India positions itself as a source of AI solutions

Updated On: 15 Mar 2026 | 10:28 PM IST

India needs to develop SLMs alongside LLMs to ensure linguistic inclusion

A PSA white paper says India must develop small language models alongside large language models to ensure linguistic inclusion, affordability, energy efficiency and public-sector suitability

Updated On: 15 Mar 2026 | 10:14 PM IST

Politics

The fading 'Red Corridor': Maoist surrenders surge ahead of Mar 31 deadline

Mass surrenders and shrinking strongholds signal a turning point in India's decades-long Maoist insurgency, though experts say underlying grievances persist

Updated On: 15 Mar 2026 | 11:21 PM IST

Young voters, big stakes in battle for Bengal amid job, welfare promises

As Bengal heads into Assembly polls, parties intensify outreach to young voters with welfare promises and competing employment narratives

Updated On: 15 Mar 2026 | 11:06 PM IST

Assembly elections in five states from April 9, results on May 4

EC announces April polling for five states and Puducherry, with Bengal voting in two phases and results scheduled for May 4

Updated On: 15 Mar 2026 | 10:53 PM IST

Education

CBSE cancels Class XII exams in West Asia amid regional tensions

CBSE cancelled remaining Class XII board exams in seven West Asian countries scheduled between March 16 and April 10 after reviewing security conditions amid the Iran-US-Israel conflict

Updated On: 15 Mar 2026 | 11:32 PM IST

India News

LPG bookings fall to 770k; online bookings rise after govt campaign

LPG refill bookings have declined to about 77 lakh from 88.8 lakh earlier, indicating some easing of panic buying, even as the government said there is no shortage of petrol, diesel or cooking gas, and supplies remain stable despite the West Asia conflict. In a daily update on the impact of the West Asia situation, the government said the share of online LPG bookings has risen to about 87 per cent from 84 per cent, attributing the increase to a campaign by oil marketing companies promoting digital booking and discouraging people from queuing up at LPG dealerships for panic purchases. All domestic "refineries are operating at high capacity and maintaining adequate crude oil inventories," the update said. "The country remains self-sufficient in the production of petrol and diesel, requiring no imports of the fuels to meet domestic demand." Oil marketing companies have reported no dry-outs at fuel retail outlets or LPG distributorships, and petrol, diesel and LPG supplies are being ...

Updated On: 15 Mar 2026 | 5:35 PM IST

WB govt to clear DA arrears of its employees, pensioners from March 2026

West Bengal Chief Minister Mamata Banerjee on Sunday announced that her government will clear DA arrears of its employees and pensioners, including teachers, non-teaching staffers, and workers of grant-in-aid institutions, from March this year. The announcement came within minutes of hiking the honorarium for purohits and muezzins, ahead of the scheduled announcement of state assembly polls. "They will start receiving their ROPA 2009 DA arrears from March 2026 onwards as per the modalities detailed out in the notifications issued by our finance department," Banerjee said in a post on X. The arrears relate to the Revision of Pay and Allowances (ROPA) 2009, a long-standing demand of government employees and pensioners, covering salaries and allowances of teachers, municipal and panchayat staffers, and other grant-in-aid institutions. A section of state government employees had moved the Supreme Court on the contentious issue, demanding clearance of DA dues. The top court ordered the

Updated On: 15 Mar 2026 | 3:57 PM IST

Industry

West Asia crisis: LPG crunch hitting auto factory canteens in India

Auto industry body SIAM seeks priority LPG supply for factory canteens, warning shortages could disrupt shift operations and manufacturing

Updated On: 15 Mar 2026 | 11:52 PM IST

Odisha to utilise 3,047 acres UMPP land for Adani coal-to-chemicals complex

Odisha will utilise 3,047 acres acquired for a scrapped ultra mega power project in Sundargarh for Adani Enterprises' proposed Rs 84,000-crore coal-to-chemicals complex

Updated On: 15 Mar 2026 | 11:49 PM IST

DGCA allows longer pilot duty hours for Air India amid West Asia crisis

Large chunks of the West Asian airspace have since remained closed for commercial flights

Updated On: 15 Mar 2026 | 11:38 PM IST

Wood, coal prices soar as Delhi-NCR caterers turn to alternative fuels

Commercial LPG cylinders are selling at up to three times the usual price, while wood and coal costs have jumped 50-100%, forcing Delhi-NCR caterers to cancel orders or absorb losses

Updated On: 15 Mar 2026 | 11:19 PM IST

West Asia crisis: Farmer earnings may decline if exports remain affected

Though some reports claim that authorities have started exploring alternative routes to quickly ship farm goods bound for West Asia, if the crisis continues, the losses could be substantial

Updated On: 15 Mar 2026 | 11:17 PM IST

West Asia conflict: Ports face congestion after container buildup

Container congestion is rising at west coast ports such as JNPA and Kandla as the West Asia crisis disrupts shipping routes, leaving over 30,000 containers stuck across supply chains

Updated On: 15 Mar 2026 | 11:15 PM IST

India's privatisation push loses steam as IDBI Bank stake sale scrapped

The Centre may scrap the IDBI Bank stake sale after bids came below the reserve price, underscoring political and structural constraints shaping India's disinvestment strategy

Updated On: 15 Mar 2026 | 11:05 PM IST

Govt amends captive power plant rules to clarify ownership provisions

The government has amended electricity rules governing captive power plants, clarifying ownership provisions and verification norms to reduce disputes and improve ease of doing business

Updated On: 15 Mar 2026 | 11:04 PM IST

House panel on subordinate legislation examining CCI commitment regulations

Rajya Sabha panel on subordinate legislation has begun examining the Competition Commission of India's commitment regulations that allow firms to avoid abuse of dominance investigations

Updated On: 15 Mar 2026 | 11:01 PM IST

West Asia crisis: Reality check gets India on investors' realty list

UAE citizens, NRIs, family offices, regional investment groups evaluating India to broaden their allocation strategies

Updated On: 15 Mar 2026 | 10:55 PM IST

India's challenge to evergreening: 2026 may test drug patent regime

Experts say 2026 could be a crucial year for drug patents, with the likely emergence of fresh disputes over follow-on patents

Updated On: 15 Mar 2026 | 10:44 PM IST

Aluminium Association of India seek RoDTEP relief to stay competitive

The Aluminium Association of India (AAI), has urged the government to exempt aluminium products from the recent RoDTEP rate cut as it would help Indian exporters remain competitive in the international market. AAI, the apex body representing the top aluminium producers within the country, in its representation to the Directorate General of Foreign Trade (DGFT), has requested the government to remove aluminium exports from the recent 50 per cent RoDTEP cut, just like the government has already done for agricultural products. The export support scheme, Remission of Duties and Taxes on Exported Products (RoDTEP), launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods, and are not being reimbursed under any other mechanism at the Centre, state or local level. It also made a plea to the government to fix RoDTEP rates for 2026-27 based on the actual taxes exporters bear, so that aluminium

Updated On: 15 Mar 2026 | 4:27 PM IST

Book

Days of Love and Rage recounts Manbij's turmoil in Syria's civil war

Anand Gopal's Days of Love and Rage chronicles the people of Manbij through Syria's civil war-revealing how ordinary citizens fought dictatorship, ISIS, and repression

Updated On: 15 Mar 2026 | 10:56 PM IST

World News

Why little was done to develop an alternative to the Strait of Hormuz

The narrow passageway out of the Persian Gulf is both vital - serving as the only gateway to the rest of the world for huge amounts of oil and natural gas - and extremely vulnerable to attacks

Updated On: 15 Mar 2026 | 11:22 PM IST

How Jeff Bezos upended The Washington Post with layoffs and cuts

Bezos has said repeatedly since he bought the paper in 2013 for $250 million that he wants the company to break even, not to rely on his largess

Updated On: 15 Mar 2026 | 11:15 PM IST

After attacks on Iranian oil facilities, toxic black rain endangers public

Clouds of toxic smoke unleashed into the atmosphere by US-Israeli airstrikes on Iranian oil facilities made a dangerous return to Earth in the form of "black rain," prompting international health officials to warn of serious risks to the public. Residents in Tehran complained last week of burning eyes and difficulty breathing when the dark and oily precipitation fell near the Iranian capital after several fuel oil depots and a refinery were struck. Plumes of dark smoke have also been seen across other parts of the region over two weeks of war, as Iran retaliates against US-Israeli airstrikes by firing drones and missiles at the oil and natural gas facilities of its Persian Gulf neighbours. Rain washes hazardous chemicals out of the atmosphere in a relatively short period of time, experts said, but people exposed to black rain should take precautions to avoid short- and long-term health risks. Here's what to know: What is black rain ------------------------ It occurs when soot, a

Updated On: 15 Mar 2026 | 11:00 PM IST

Trump threatens more strikes on Iran's oil export hub Kharg Island

Washington has brushed aside attempts by West Asian allies to open talks

Updated On: 15 Mar 2026 | 10:58 PM IST