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US weekly jobless claims edge up to 210,000; labour market remains stable

Claims have been tucked in a 201,000-230,000 range this year amid low layoffs

AM/NS India CEO Dilip Oommen to retire; Amit Harlalka named successor

AM/NS India CEO Dilip Oommen will retire on June 30 after 22 years with the company. CFO Amit Harlalka will take charge from July 1, marking a leadership transition at the steelmaker

India has about 60 days of fuel stocks, govt dismisses shortage claims

India has about 60 days of fuel stock cover, the government said on Thursday, adding that there is no shortage of petrol, diesel, or LPG as it dismissed reports of shortages as a "deliberate misinformation campaign" aimed at triggering panic buying. The Ministry of Petroleum and Natural Gas said all petrol pumps across the country are adequately stocked and operating normally, with no rationing of petrol or diesel. India, the world's fourth-largest refiner and fifth-largest exporter of petroleum products, has structurally assured domestic fuel availability and continues to supply refined fuels to over 150 countries, the ministry said in a statement. "Every Indian refinery (which turn crude oil into fuels like petrol and diesel) is running at over 100 per cent utilisation," it said. "Crude oil supplies for next 60 days have already been tied up by Indian oil companies. There is no supply gap." India, it said, has 74 days of total crude oil and fuel stocking capacity. "Actual stock

Thyssenkrupp, Jindal Steel sale talks falter on pension and energy costs

The companies could decide to officially stop negotiations as soon as next month, one of the people said

Canvas to capital: How art is becoming India's new investment asset

Indian art is moving beyond aesthetics into portfolios, as wealthy investors seek diversification, cultural capital, and long-term value in an asset class once seen as niche

Sebi begins review of former HDFC Bank chairman Chakraborty's exit letter

In his resignation letter, Chakraborty cited "certain happenings and practices within the bank" that he said were "not in congruence" with his personal values and ethics

SBI fraud case: CBI conducts searches at Reliance Telecom, ex-directors

The CBI has conducted searches at the residences of two former directors of Reliance Telecom and the company office after registering an FIR against them in connection with an alleged fraud of Rs 114.98 crore in State Bank of India, officials said on Thursday. "The Central Bureau of Investigation (CBI) has registered a case against M/s. Reliance Telecom Ltd., Sh. Satish Seth (then Director), Sh. Gautam B Doshi (then Director), unknown public servants and unknown others for offences of conspiracy, cheating under IPC and criminal misconduct and abuse of official position under the Prevention of Corruption Act, 1988," a CBI spokesperson said in a statement here. The agency acted on a complaint from SBI about it being defrauded and suffering a wrongful loss of Rs 114.98 crore, she said. "SBI was a member of the consortium of 11 banks which had sanctioned a total of Rs 735 crore Term Loan facility to Reliance Telecom Ltd," the CBI said. The agency has conducted searches in Mumbai at the

UK plans ban on cryptocurrency donations to political parties: PM Starmer

British political parties will be banned from accepting donations in cryptocurrencies, Prime Minister Keir Starmer announced Wednesday, saying illicit finance poses a "stark" danger to the country's democracy. Starmer told lawmakers that "we will act decisively to protect our democracy" from outside meddling. "That will include a moratorium on all political donations made through cryptocurrencies," he said during the weekly Prime Minister's Questions session in the House of Commons. The move could be a financial blow to the hard-right party Reform UK. The party led by Nigel Farage is one of the few in Britain to accept cryptocurrency donations. The government also said it will put an annual cap of 100,000 pounds (USD 134,000) on donations by British voters living abroad. Reform has received 12 million pounds in the past year from Christopher Harborne, a British businessman based in Thailand, according to Electoral Commission figures. Reform UK deputy leader Richard Tice said the ..

US court questions Trump administration's ban on Anthropic AI's usage

Anthropic sued last month to block the Pentagon's declaration, escalating a high-stakes dispute over safeguards on AI technology used by the military

FCRA amendment Bill proposes new authority to manage NGOs that lose licence

A legislation brought by the government to amend the FCRA will significantly tighten its oversight of foreign-funded organisations, proposing the creation of a powerful new authority to seize and manage the assets of non-profits that lose their licence. The Foreign Contribution (Regulation) Amendment Bill, 2026, introduced in Lok Sabha by Minister of State for Home Affairs Nityanand Rai on Wednesday, also sought a comprehensive statutory framework for vesting, supervision, management and disposal of foreign contributions and assets through a 'designated authority', including provisional and permanent vesting. At present, approximately 16,000 associations are registered under the Act and receive around Rs 22,000 crore annually, the statement said. According to the statement of objects and reasons, the proposed law seeks to provide timelines for receipt and utilisation under prior permission. It provides for the cessation of certificate, regulating of handling of assets during ...

Infra projects above ₹150 cr report ₹5.66 trillion cost overrun: Govt

Several infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of Rs 5.66 lakh crore, according to a monthly government report for February 2026. The latest 'Flash Report on Central Sector Infrastructure Projects' showed that the revised cost of all 1,948 projects, each valued at Rs 150 crore or higher, monitored by the statistics ministry stood at Rs 41,98,684 crore compared to their original cost of Rs 36,32,088 crore. The report did not specify the actual number of projects that are facing cost overrun. The Ministry of Statistics and Programme Implementation (MoSPI) stated, in a press release on Wednesday, that as of February 2026, 1,948 ongoing infrastructure projects, with a total revised cost of Rs 41.98 lakh crore, are being monitored across 17 central ministries/departments. The cumulative expenditure incurred on these projects stands at Rs 19.71 lakh crore, accounting for approximately 46.95 per cent of the revised project cost, indicati

Trump names Huang, Zuckerberg to 13-member science and tech council

Trump has made securing US leadership in artificial intelligence a priority of his second term, framing the technology as a defining arena of strategic competition with China

US jury finds Google, Meta liable in social media addiction trial

Snap and TikTok were also defendants in the trial. Both settled with the plaintiff before it began. Terms of the agreements were not disclosed

IndiGo plans to build integrated campus on 4.5-acre land in Gurugram

Leading airline IndiGo will develop an integrated campus in a land parcel of more than 4.5 acres in Gurugram, Haryana, over the next 3-5 years. The carrier is headquartered in Gurugram, and the unified campus will bring together the IndiGo Support Centre (ISC) and learning centres, Ifly, under one roof. In an internal message to staff on Wednesday, the airline's Group Chief Human Resources Officer Sukhjit S Pasricha said it has secured the right to a 4.5-acre land parcel in Sector 29, Gurugram, and plans to develop an integrated campus at the site. "This future campus, to be developed over 3-5 years from possession, will bring together our ISC (IndiGo Support Centre), i.e. our headquarters and Ifly (learning centres), currently spread across Gurugram. Consolidating these under one roof will strengthen collaboration, improve organisational cohesion, and support our long-term growth plans," he said. IndiGo is the country's largest airline with a domestic market share of 63.6 per cent

Cabinet extends IVFRT scheme for 5 years to upgrade immigration services

The Union Cabinet on Wednesday approved the extension for five years of the Immigration, Visa, Foreigners Registration & Tracking (IVFRT) Scheme, which aims to interlink and optimise functions related to immigration, visa issuance, and registration of foreigners in India. The Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the scheme from April 1, 2026, to March 31, 2031, with a budget outlay of Rs 1,800 crore, a government statement said. The continuation of the scheme is not just a "technical upgrade, but a strategic transformation" aligned with the vision of the government to promote international mobility through a world-class immigration and visa issuance system, it said. "After the recent enactment of the Immigration and Foreigners Act, 2025 and its subsequent Rules and Order, it has become imperative to strengthen and modernize the Immigration, Visa, Foreigners Registration & Tracking (IVFRT) system to effectively meet emerging ...

India ready for peak power demand, but supply, transmission risks remain

India is better prepared to meet a record 270 Gw peak power demand this summer, supported by strong coal stocks and renewables, though geopolitical tensions and grid constraints pose risks

Govt asks RBI to maintain 4% retail inflation target till March 2031

The government on Wednesday asked the Reserve Bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for another five years ending March 2031. To control the price rise, the government in 2016 gave a mandate to the RBI to keep the retail inflation at 4 per cent with a margin of 2 per cent on either side for five years ending March 31, 2021. Subsequently, in March 2021, the government maintained the same target. This is the second time the government has retained the inflation target. The central government, in consultation with the Reserve Bank, hereby notifies the inflation target for the period beginning April 1, 2026, and ending on March 31, 2031, a gazette notification issued by the Department of Economic Affairs dated March 25 said. According to the notification, the inflation target is 4 per cent with an upper tolerance level of 6 per cent and a lower tolerance level of 2 per cent. India adopted the inflation-targeting framework and formall

The Khilafat movement united India briefly, but deepened its divides

How a mass movement in India, centered on a grievance among Muslims, could have prevented the Partition in an alternative vision of history

NDR InvIT raises ₹410 crore via bonds to expand warehousing portfolio

NDR InvIT Trust on Wednesday announced raising Rs 410 crore through the issuance of bonds primarily for the acquisition of logistics and warehousing portfolio across key markets in the country. The issuance was anchored by the International Finance Corporation (IFC), with participation from India Infrastructure Finance Company Limited (IIFCL), which subscribed to Rs 205 crore of the total issue, NDR InviT said. The bonds are secured, rated, listed, redeemable non-convertible debentures with a tenor of 5-years and carry a coupon of 7.61 per cent. "NDR InviT announces the successful closure of its Rs 410 crore bond issuance, which was fully subscribed, reflecting strong investor demand for high-quality infrastructure-backed assets," the company said. The issuance is rated AAA (Stable) by leading rating agencies, indicating a high degree of safety regarding timely servicing of financial obligations, the company said, adding the strong participation from marquee institutional investors

Meta is laying off hundreds of employees across multiple teams: Report

Meta had nearly 79,000 employees as of December 31, according to its annual filing