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<p class="MsoNormal">Gold continues to glitter across the world amid rising geopolitical uncertainties. But its significance in India is beyond it being a 'safe-haven asset'. The yellow metal is considered sacred to Indian households. Gold is a key feature in every major festival and tradition in the country. Akshaya Tritiya is one such tradition, a day considered auspicious to buy gold. But what happens when tradition meets high prices?</p>
<p class="MsoNormal">Gold has been on a record climb in the last 2 years. The prices have surged beyond $3500 per dollar, and are looking to break the 1,00,000 lakh rupees in India. This time coincides with rising tensions across multiple borders and declining consumption patterns. But, Industry jitters around buying trends subsided as the auspicious day ended with a 35 per cent surge in sales compared to last year. Total precious metal sales, across Gold and Silver, touched $1.8 billion, according to the Confederation of All India Traders.&nbsp;</p>
<h2 class="MsoNormal"><strong>Gold glitters in India</strong><o:p></o:p></h2>
<p class="MsoNormal">Despite record-high prices, consumers flocked to stores, driven by religious sentiment, wedding demand, and tradition. Gold prices touched 97,500 rupees per 10 grams, while silver peaked at 98,000 rupees per kilogram, among the highest ever.<o:p></o:p></p>
<p class="MsoNormal">However, a mid-day dip maintained consumer interest. The All-India Gem and Jewellery Council estimates gold sales at 20 tonnes &mdash; flat year-on-year in volume &mdash; but up 35 per cent in value terms.<o:p></o:p></p>
<p class="MsoNormal">Jewellers also reported that 50 per cent of purchases were financed by exchanging old gold, reflecting price sensitivity. Footfalls were higher in southern India early in the day, with activity picking up in Maharashtra and the north later.<o:p></o:p></p>
<p class="MsoNormal">Younger consumers aged 25 to 40 were active buyers, purchasing jewellery, coins, and bars within budget limits. Retailers noted increased demand for lab-grown diamonds and studded jewellery.<o:p></o:p></p>
<p class="MsoNormal">Despite affordability pressures, experts say gold demand has remained resilient, with India importing 700&ndash;800 tonnes annually &mdash; a trend that shows no signs of slowing.<o:p></o:p></p>
<p class="MsoNormal"><i>(With inputs from the agencies)<o:p></o:p></i></p>

Business & Economy: According to the Confederation of All India Traders, gold jewellery and related items accounted for 1.4 billion dollars, while the silver trade added the rest.

Gold continues to glitter across the world amid rising geopolitical uncertainties. But its significance in India is beyond it being a 'safe-haven asset'. The yellow metal is considered sacred to Indian households. Gold is a key feature in every major festival and tradition in the country. Akshaya Tritiya is one such tradition, a day considered auspicious to buy gold. But what happens when tradition meets high prices? Gold has been on a record climb in the last 2 years. The prices have surged beyond $3500 per dollar, and are looking to break the 1,00,000 lakh rupees in India. This time coincides with rising tensions across multiple borders and declining consumption patterns. But, Industry jitters around buying trends subsided as the auspicious day ended with a 35 per cent surge in sales compared to last year. Total precious metal sales, across Gold and Silver, touched $1.8 billion, according to the Confederation of All India Traders. Gold glitters in India Despite record-high prices, consumers flocked to stores, driven by religious sentiment, wedding demand, and tradition. Gold prices touched 97,500 rupees per 10 grams, while silver peaked at 98,000 rupees per kilogram, among the highest ever. However, a mid-day dip maintained consumer interest. The All-India Gem and Jewellery Council estimates gold sales at 20 tonnes — flat year-on-year in volume — but up 35 per cent in value terms. Jewellers also reported that 50 per cent of purchases were financed by exchanging old gold, reflecting price sensitivity. Footfalls were higher in southern India early in the day, with activity picking up in Maharashtra and the north later. Younger consumers aged 25 to 40 were active buyers, purchasing jewellery, coins, and bars within budget limits. Retailers noted increased demand for lab-grown diamonds and studded jewellery. Despite affordability pressures, experts say gold demand has remained resilient, with India importing 700–800 tonnes annually — a trend that shows no signs of slowing. (With inputs from the agencies)

Gold and silver sales hit $1.8 billion on Akshaya Tritiya despite record prices

<p class="MsoNormal">One of the industries under severe strain from Trump's tariffs is the steel and aluminium industry. Europe&rsquo;s top steelmakers delivered better-than-expected first-quarter results, but the optimism is clouded by what's to come. Major players are flagging significant risks to 2025 demand due to global trade tensions, particularly in the US and China.<o:p></o:p></p>
<p class="MsoNormal">Swedish steelmakers echoed these concerns, noting that while proximity to customers and specialised products cushioned initial tariff shocks, the Outlook remains &ldquo;more uncertain than usual.&rdquo;<o:p></o:p></p>
<h2 class="MsoNormal"><strong>Trade tensions rattle steel demand</strong><o:p></o:p></h2>
<p class="MsoNormal">Aperam, which beat estimates on the back of higher European volumes and its US business consolidation, also warned that pricing pressure will continue to weigh on earnings.&nbsp;<o:p></o:p>The broader European steel sector remains under strain from high energy costs, weak local prices, and growing competition from cheap Chinese exports.<o:p></o:p></p>
<p class="MsoNormal">The OECD reports that global steel overcapacity is rising, driven by cross-border investments by Chinese firms, adding further pressure on margins across key markets. China has long been under scrutiny for dumping cheap goods and relying on aggressive trade tactics amid declining domestic demand.</p>
<p class="MsoNormal">While ArcelorMittal sees continued strength in India, buoyed by a new 12 per cent safeguard duty on Chinese imports, it expects persistently weak spreads in China due to oversupply. <o:p></o:p></p>
<p class="MsoNormal">In Europe, a rebound in spreads is supported by the EU&rsquo;s steel and metals action plan and expected infrastructure-led demand in Germany. Still, companies admit it is difficult to provide a reliable full-year outlook amid ongoing market volatility.<o:p></o:p></p>
<p class="MsoNormal"><i>(With inputs from the agencies)<o:p></o:p></i></p>

Business & Economy: Major players are flagging significant risks to 2025 demand due to global trade tensions, particularly in the U.S. and China.

One of the industries under severe strain from Trump's tariffs is the steel and aluminium industry. Europe’s top steelmakers delivered better-than-expected first-quarter results, but the optimism is clouded by what's to come. Major players are flagging significant risks to 2025 demand due to global trade tensions, particularly in the US and China. Swedish steelmakers echoed these concerns, noting that while proximity to customers and specialised products cushioned initial tariff shocks, the Outlook remains “more uncertain than usual.” Trade tensions rattle steel demand Aperam, which beat estimates on the back of higher European volumes and its US business consolidation, also warned that pricing pressure will continue to weigh on earnings. The broader European steel sector remains under strain from high energy costs, weak local prices, and growing competition from cheap Chinese exports. The OECD reports that global steel overcapacity is rising, driven by cross-border investments by Chinese firms, adding further pressure on margins across key markets. China has long been under scrutiny for dumping cheap goods and relying on aggressive trade tactics amid declining domestic demand. While ArcelorMittal sees continued strength in India, buoyed by a new 12 per cent safeguard duty on Chinese imports, it expects persistently weak spreads in China due to oversupply. In Europe, a rebound in spreads is supported by the EU’s steel and metals action plan and expected infrastructure-led demand in Germany. Still, companies admit it is difficult to provide a reliable full-year outlook amid ongoing market volatility. (With inputs from the agencies)

Steelmakers warn of trade risks amid demand uncertainty

<p class="MsoNormal">The world markets have been on a rollercoaster since Donald Trump took office on January 20. Countries and corporations have been reeling from the tariff turmoil since then. But the very idea that Trump touted as his primary objective, 'To make America rich again,' is under scrutiny from economists, politicians, and the latest economic data. The US economy contracted by 0.3 per cent in the first quarter of 2025 &mdash; the first decline in three years. Businesses rush to import goods ahead of sweeping new tariffs, which Trump believes have nothing to do with the GDP decline.<o:p></o:p></p>
<h2 class="MsoNormal"><strong>US economy shrinks as imports soar</strong><o:p></o:p></h2>
<p class="MsoNormal">Imports surged 41.3 per cent, the biggest jump since the pandemic-era third quarter of 2020. This front-loading, driven by uncertainty, overwhelmed modest export gains and a rebound in inventories. The data comes after the goods trade deficit hit an all-time high in March, forcing economists to sharply revise their growth estimates.<o:p></o:p></p>
<p class="MsoNormal">Consumer spending, which accounts for over two-thirds of the economy, slowed in the previous quarter. Households have pulled purchases forward and are saving amid rising uncertainty.&nbsp;</p>
<p class="MsoNormal">Meanwhile, core inflation also accelerated &mdash; the core personal consumption expenditures index rose, keeping pressure on the Federal Reserve as it weighs further rate cuts later this year. Final sales to private domestic purchasers grew a solid 3.0 per cent, but economists caution that this measure has been distorted by tariff effects. The contraction in GDP has triggered sharp political and market reactions. All major Wall Street indices fell, and treasury yields climbed.&nbsp;<o:p></o:p>President Trump blamed the slowdown on Biden-era policies but defended his trade approach, calling the surge in investment a sign of economic strength.<o:p></o:p></p>
<p class="MsoNormal">Donald Trump, US President, said, "Core GDP (gross domestic product), and this is, you know, you probably saw some numbers today. And I have to start off by saying, that's [Joe] Biden. That's not Trump, because we came in on January. These are quarterly numbers. And we came in, and I was very against everything that Biden was doing in terms of the economy, destroying our country in so many ways, not only at the border."<o:p></o:p></p>
<p class="MsoNormal">Economists warn that while the contraction may not mark the start of a recession, the combination of trade disruption and policy uncertainty has significantly raised the risk.<o:p></o:p></p>

Business & Economy: The US economy contracted by 0.3 per cent in the first quarter of 2025 — the first decline in three years. This comes as businesses rush to import goods ahead of sweeping new tariffs.

The world markets have been on a rollercoaster since Donald Trump took office on January 20. Countries and corporations have been reeling from the tariff turmoil since then. But the very idea that Trump touted as his primary objective, 'To make America rich again,' is under scrutiny from economists, politicians, and the latest economic data. The US economy contracted by 0.3 per cent in the first quarter of 2025 — the first decline in three years. Businesses rush to import goods ahead of sweeping new tariffs, which Trump believes have nothing to do with the GDP decline. US economy shrinks as imports soar Imports surged 41.3 per cent, the biggest jump since the pandemic-era third quarter of 2020. This front-loading, driven by uncertainty, overwhelmed modest export gains and a rebound in inventories. The data comes after the goods trade deficit hit an all-time high in March, forcing economists to sharply revise their growth estimates. Consumer spending, which accounts for over two-thirds of the economy, slowed in the previous quarter. Households have pulled purchases forward and are saving amid rising uncertainty. Meanwhile, core inflation also accelerated — the core personal consumption expenditures index rose, keeping pressure on the Federal Reserve as it weighs further rate cuts later this year. Final sales to private domestic purchasers grew a solid 3.0 per cent, but economists caution that this measure has been distorted by tariff effects. The contraction in GDP has triggered sharp political and market reactions. All major Wall Street indices fell, and treasury yields climbed. President Trump blamed the slowdown on Biden-era policies but defended his trade approach, calling the surge in investment a sign of economic strength. Donald Trump, US President, said, "Core GDP (gross domestic product), and this is, you know, you probably saw some numbers today. And I have to start off by saying, that's [Joe] Biden. That's not Trump, because we came in on January. These are quarterly numbers. And we came in, and I was very against everything that Biden was doing in terms of the economy, destroying our country in so many ways, not only at the border." Economists warn that while the contraction may not mark the start of a recession, the combination of trade disruption and policy uncertainty has significantly raised the risk.

Are tariffs taking a 'bite' out of the US economy?

<div class="x_elementToProof" data-olk-copy-source="MessageBody">A piping hot cup of coffee has long been a morning ritual for millions. But that ritual is coming with a heavier price tag &mdash; and not just because of inflation. From drought-hit plantations in Brazil to unpredictable the US trade policies, the global coffee supply chain is under siege. Here&rsquo;s why your favorite brew might soon feel like a luxury.</div>
<h2 class="x_elementToProof"><b>Climate crisis hits coffee farms hard</b></h2>
<div class="x_elementToProof">Climate change is wreaking havoc in coffee-growing regions, especially in Brazil and Vietnam, which are also two powerhouses in global production.</div>
<div class="x_elementToProof">Extreme heat and prolonged drought have reduced yields drastically, driving up bean prices across the board. As reported by the Associated Press (AP), global green coffee exports fell by 14.2% in February compared to last year.</div>
<div class="x_elementToProof">Rene&eacute; Col&oacute;n, owner of Fuego Coffee Roasters in New York, told AP that she paid $5.50 per pound for beans in March, a sharp jump from just $2.50 in September. That&rsquo;s more than double the cost in just six months.</div>
<div class="x_elementToProof">She warned of worsening scarcity: &ldquo;Coffee is going to become scarcer. The Brazilian crop loss we just saw is a prime example of how climate extremes are affecting supply,&rdquo; she told AP.</div>
<h2 class="x_elementToProof"><b>Trump tariffs brew fresh trouble</b></h2>
<div class="x_elementToProof">As if climate wasn&rsquo;t enough, the US import tariffs under President Donald Trump are further tightening the screws.</div>
<div class="x_elementToProof">Currently, a 10% import tariff applies to coffee imports from Brazil, Ethiopia, and Colombia &mdash; three major coffee-exporting nations. Trump had also threatened 46% tariffs on Vietnamese coffee and 32% on Indonesian imports. Although these specific hikes were paused, the mere announcements sent shockwaves through the coffee industry.</div>
<div class="x_elementToProof">Coffee buyers and roasters are struggling to make sense of the constant policy flip-flops.</div>
<div class="x_elementToProof">&ldquo;It felt like a rollercoaster,&rdquo; said Daria Whalen, a buyer at Ritual Coffee Roasters, while speaking to AP. She described being in Mexico during April as she scrambled to secure contracts amid uncertainty over which tariffs would take effect and when. &ldquo;By the end of the day, sometimes the tariffs just disappeared,&rdquo; she added.</div>
<div class="x_elementToProof">This unpredictability is forcing businesses to rework supply chains. Many roasters are now pre-buying stock, fearing future tariffs. But that also drives up short-term demand and prices.</div>
<h2 class="x_elementToProof"><b>Prices, profits and panic: A triple-whammy situation</b></h2>
<div class="x_elementToProof">Coffee roasters are now walking a tightrope: how much of the rising cost can they absorb, and how much can they pass on to consumers?</div>
<div class="x_elementToProof">Col&oacute;n shared with AP that her business has already raised wholesale bean prices by 25 cents per pound and may soon raise prices for espresso drinks and pour-overs at her cafes. Yet, she&rsquo;s wary of losing customers as consumer confidence in the U.S. hits a 12-year low.</div>
<div class="x_elementToProof">&ldquo;It&rsquo;s tough on every side,&rdquo; she told AP. &ldquo;The price goes up for us, the consumer pays more, and the farmers suffer massive losses from droughts and storms.&rdquo;</div>
<h2 class="x_elementToProof"><b>How small businesses are adapting?</b></h2>
<div class="x_elementToProof">Despite the odds, Col&oacute;n is expanding. According to AP, she and her husband took out a $50,000 loan in December to purchase a custom coffee roaster from Turkey, tripling their roasting capacity. They&rsquo;re also focusing on direct-to-consumer sales through a subscription model and pursuing more wholesale clients.</div>
<div class="x_elementToProof">To save costs, she&rsquo;s exploring in-house storage of raw beans, avoiding monthly charges of $500 at port-side warehouses.</div>
<div class="x_elementToProof">And while international suppliers have approached her with cost-saving alternatives &mdash; like routing coffee through Canada due to a strong U.S. dollar &mdash; Col&oacute;n isn&rsquo;t biting.</div>
<div class="x_elementToProof">&ldquo;That adds more borders, more delays, more confusion,&rdquo; she told AP. &ldquo;I want things to be less complicated, not more.&rdquo;</div>

Business & Economy: Uncover how climate and trade disruptions are impacting the coffee industry, and making your favorite cup of latte more costly.

A piping hot cup of coffee has long been a morning ritual for millions. But that ritual is coming with a heavier price tag — and not just because of inflation. From drought-hit plantations in Brazil to unpredictable the US trade policies, the global coffee supply chain is under siege. Here’s why your favorite brew might soon feel like a luxury. Climate crisis hits coffee farms hard Climate change is wreaking havoc in coffee-growing regions, especially in Brazil and Vietnam, which are also two powerhouses in global production. Extreme heat and prolonged drought have reduced yields drastically, driving up bean prices across the board. As reported by the Associated Press (AP), global green coffee exports fell by 14.2% in February compared to last year. Reneé Colón, owner of Fuego Coffee Roasters in New York, told AP that she paid $5.50 per pound for beans in March, a sharp jump from just $2.50 in September. That’s more than double the cost in just six months. She warned of worsening scarcity: “Coffee is going to become scarcer. The Brazilian crop loss we just saw is a prime example of how climate extremes are affecting supply,” she told AP. Trump tariffs brew fresh trouble As if climate wasn’t enough, the US import tariffs under President Donald Trump are further tightening the screws. Currently, a 10% import tariff applies to coffee imports from Brazil, Ethiopia, and Colombia — three major coffee-exporting nations. Trump had also threatened 46% tariffs on Vietnamese coffee and 32% on Indonesian imports. Although these specific hikes were paused, the mere announcements sent shockwaves through the coffee industry. Coffee buyers and roasters are struggling to make sense of the constant policy flip-flops. “It felt like a rollercoaster,” said Daria Whalen, a buyer at Ritual Coffee Roasters, while speaking to AP. She described being in Mexico during April as she scrambled to secure contracts amid uncertainty over which tariffs would take effect and when. “By the end of the day, sometimes the tariffs just disappeared,” she added. This unpredictability is forcing businesses to rework supply chains. Many roasters are now pre-buying stock, fearing future tariffs. But that also drives up short-term demand and prices. Prices, profits and panic: A triple-whammy situation Coffee roasters are now walking a tightrope: how much of the rising cost can they absorb, and how much can they pass on to consumers? Colón shared with AP that her business has already raised wholesale bean prices by 25 cents per pound and may soon raise prices for espresso drinks and pour-overs at her cafes. Yet, she’s wary of losing customers as consumer confidence in the U.S. hits a 12-year low. “It’s tough on every side,” she told AP. “The price goes up for us, the consumer pays more, and the farmers suffer massive losses from droughts and storms.” How small businesses are adapting? Despite the odds, Colón is expanding. According to AP, she and her husband took out a $50,000 loan in December to purchase a custom coffee roaster from Turkey, tripling their roasting capacity. They’re also focusing on direct-to-consumer sales through a subscription model and pursuing more wholesale clients. To save costs, she’s exploring in-house storage of raw beans, avoiding monthly charges of $500 at port-side warehouses. And while international suppliers have approached her with cost-saving alternatives — like routing coffee through Canada due to a strong U.S. dollar — Colón isn’t biting. “That adds more borders, more delays, more confusion,” she told AP. “I want things to be less complicated, not more.”

Is your coffee getting pricier?: Here’s how climate change and Trump tariff is affecting it

<p class="x_elementToProof"><span data-olk-copy-source="MessageBody">Starting today, withdrawing cash from ATMs&mdash;or even just checking your balance&mdash;might cost you more. The Reserve Bank of India&rsquo;s (RBI) revised guidelines have come into effect from May 1, 2025, increasing the maximum fees banks can charge customers once they exhaust their monthly quota of free ATM transactions.</span></p>
<p class="x_elementToProof"><span>Whether it&rsquo;s a cash withdrawal, PIN change, or mini statement, every extra swipe beyond your free limit could now pinch your pocket a bit harder.</span></p>
<h2 class="x_elementToProof"><span><b>What&rsquo;s changing from May 1?</b></span></h2>
<p class="x_elementToProof"><span>The RBI&rsquo;s updated circular allows banks to hike charges for ATM usage beyond the free limit. The fee cap has increased from ₹21 to ₹23 per transaction (plus GST), applicable on both financial (like cash withdrawals) and non-financial (like balance checks or PIN changes) transactions. These new rates are applicable across all banks and ATM operators.</span></p>
<p class="x_elementToProof"><span>So whether you&rsquo;re pulling out cash for groceries or just checking your balance after online shopping, expect to pay ₹2 more per extra transaction if you&rsquo;ve crossed your monthly limit.</span></p>
<h2><span><b>How many free ATM transactions do you still get?</b></span></h2>
<p class="x_elementToProof"><span>While the charges have gone up, the RBI has not changed the number of free monthly transactions:</span></p>
<ul>
<li>At your own bank&rsquo;s ATMs: 5 free transactions/month (both financial and non-financial).</li>
<li>At other banks&rsquo; ATMs:</li>
<ul>
<li>Metro cities: 3 free transactions/month.</li>
<li>Non-metro cities: 5 free transactions/month.</li>
</ul>
</ul>
<p class="x_elementToProof"><span>These limits include both types of transactions.</span></p>
<h2 class="x_elementToProof"><span><b>Why have ATM charges been increased?</b></span></h2>
<p class="x_elementToProof"><span>According to the RBI, the revision aims to align customer charges with rising costs&mdash;such as ATM security, cash handling, maintenance, and software upgrades. Banks and ATM operators have long been lobbying for a hike, citing higher operating expenses.</span></p>
<p class="x_elementToProof"><span>The move is also intended to promote digital payments, especially in rural and semi-urban areas where mobile-based and MicroATM services are gaining traction.</span></p>
<h2 class="x_elementToProof"><span><b>Banks have already notified customers &ndash; Here&rsquo;s what&rsquo;s changing</b></span></h2>
<p class="x_elementToProof"><span>Several leading banks have revised their ATM fee structures effective May 1, 2025. This includes HDFC Bank, Punjab National Bank (PNB), IndusInd Bank, and Kotak Mahindra Bank. Customers at these banks will now pay more for both financial and non-financial ATM transactions once they exhaust their monthly free limits.</span></p>
<ul>
<li>HDFC Bank has raised its post-limit fee from ₹21 to ₹23 (plus GST) for all transactions.</li>
<li>PNB will charge ₹23 for financial and ₹11 for non-financial transactions (earlier ₹21 and ₹10 respectively); changes come into effect from May 9.</li>
<li>IndusInd Bank has adopted a flat ₹23 (plus GST) fee beyond the free quota.</li>
<li>Kotak Mahindra Bank now charges ₹23 for financial transactions (up from ₹21) and ₹10 for non-financial ones (up from ₹8.5).</li>
</ul>
<p class="x_elementToProof"><span>Meanwhile, State Bank of India (SBI) revised its ATM fee structure earlier this year on February 1, 2025. It also standardized free usage across metro and non-metro areas&mdash;5 free transactions at SBI ATMs and 10 at other bank ATMs for most customers. Beyond this:</span></p>
<ul>
<li>Financial transactions cost ₹15 at SBI ATMs and ₹17 at other bank ATMs.</li>
<li>Non-financial transactions are free at SBI ATMs, but ₹10 per transaction at other banks&rsquo; ATMs.</li>
</ul>
<p class="x_elementToProof"><span><b>&nbsp;</b></span></p>
<figure class="tinymce-table-div">
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<tbody>
<tr style="height: 54.3906px;">
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="x_elementToProof center" style="width: 109.688px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p class="x_elementToProof"><span><b>Bank</b></span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 242.766px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span><b>Old Charges (Before May 1)</b></span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 333.547px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span><b>New Charges (Effective May 2025)</b></span></p>
</td>
</tr>
<tr style="height: 54.3906px;">
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 109.688px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>HDFC Bank</span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 242.766px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>₹21 + GST (All transactions)</span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 333.547px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>₹23 + GST (All transactions)</span></p>
</td>
</tr>
<tr style="height: 54.3906px;">
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 109.688px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>PNB</span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 242.766px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>₹21 (fin), ₹10 (non-fin) + GST</span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 333.547px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>₹23 (fin), ₹11 (non-fin) + GST (Effective May 9)</span></p>
</td>
</tr>
<tr style="height: 54.3906px;">
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 109.688px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>IndusInd Bank</span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 242.766px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>₹21 + GST (All transactions)</span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 333.547px; height: 54.3906px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>₹23 + GST (All transactions)</span></p>
</td>
</tr>
<tr style="height: 76.7812px;">
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 109.688px; height: 76.7812px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>Kotak Mahindra Bank</span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 242.766px; height: 76.7812px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>₹21 (fin), ₹8.5 (non-fin)</span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 333.547px; height: 76.7812px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>₹23 (fin), ₹10 (non-fin)</span></p>
</td>
</tr>
<tr style="height: 99.7656px;">
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 109.688px; height: 99.7656px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>SBI (Revised Feb 1)</span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 242.766px; height: 99.7656px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p><span>₹15 (fin) SBI ATM, ₹17 (fin) other ATM, ₹0&ndash;₹10 (non-fin)</span></p>
</td>
<td data-editing-info="{&quot;vAlignOverride&quot;:true}" class="center" style="width: 333.547px; height: 99.7656px; border-width: 2px; border-color: rgb(0, 0, 0);">
<p class="x_elementToProof"><span>₹15 (SBI ATM), ₹17 (other bank ATM), ₹10 non-fin (other ATM)</span></p>
</td>
</tr>
</tbody>
</table>
</figure>
<p class="x_elementToProof"><span>&nbsp;</span></p>
<h2><span><b>What&rsquo;s the interchange fee&mdash;and why it matters</b></span></h2>
<p class="x_elementToProof"><span>The interchange fee is the charge your bank pays to the bank that owns the ATM you use. For instance, if you use an HDFC debit card at an SBI ATM, HDFC pays SBI. While customers don&rsquo;t pay this directly, it influences what banks charge after the free limit.</span></p>
<p class="x_elementToProof"><span>As of now, interchange fees remain unchanged:</span></p>
<ul>
<li>₹17 for financial transactions</li>
<li>₹6 for non-financial transactions</li>
</ul>
<p class="x_elementToProof"><span>However, this may be reviewed by ATM networks or the RBI in the future.</span></p>
<h2 class="x_elementToProof"><span><b>Are CRM machines affected too?</b></span></h2>
<p class="x_elementToProof"><span>Yes, but with a catch. Cash deposits at Cash Recycler Machines (CRMs) remain free. However, if you withdraw money or check your balance at a CRM after crossing your free limit, the ₹23 + GST charge applies&mdash;just as it would at a regular ATM.</span></p>

Business & Economy: Changes in ATM charges can lead to increased monthly expenses, and impacts one's overall budget management. Read more for more details.

Starting today, withdrawing cash from ATMs—or even just checking your balance—might cost you more. The Reserve Bank of India’s (RBI) revised guidelines have come into effect from May 1, 2025, increasing the maximum fees banks can charge customers once they exhaust their monthly quota of free ATM transactions. Whether it’s a cash withdrawal, PIN change, or mini statement, every extra swipe beyond your free limit could now pinch your pocket a bit harder. What’s changing from May 1? The RBI’s updated circular allows banks to hike charges for ATM usage beyond the free limit. The fee cap has increased from ₹21 to ₹23 per transaction (plus GST), applicable on both financial (like cash withdrawals) and non-financial (like balance checks or PIN changes) transactions. These new rates are applicable across all banks and ATM operators. So whether you’re pulling out cash for groceries or just checking your balance after online shopping, expect to pay ₹2 more per extra transaction if you’ve crossed your monthly limit. How many free ATM transactions do you still get? While the charges have gone up, the RBI has not changed the number of free monthly transactions: At your own bank’s ATMs: 5 free transactions/month (both financial and non-financial). At other banks’ ATMs: Metro cities: 3 free transactions/month. Non-metro cities: 5 free transactions/month. These limits include both types of transactions. Why have ATM charges been increased? According to the RBI, the revision aims to align customer charges with rising costs—such as ATM security, cash handling, maintenance, and software upgrades. Banks and ATM operators have long been lobbying for a hike, citing higher operating expenses. The move is also intended to promote digital payments, especially in rural and semi-urban areas where mobile-based and MicroATM services are gaining traction. Banks have already notified customers – Here’s what’s changing Several leading banks have revised their ATM fee structures effective May 1, 2025. This includes HDFC Bank, Punjab National Bank (PNB), IndusInd Bank, and Kotak Mahindra Bank. Customers at these banks will now pay more for both financial and non-financial ATM transactions once they exhaust their monthly free limits. HDFC Bank has raised its post-limit fee from ₹21 to ₹23 (plus GST) for all transactions. PNB will charge ₹23 for financial and ₹11 for non-financial transactions (earlier ₹21 and ₹10 respectively); changes come into effect from May 9. IndusInd Bank has adopted a flat ₹23 (plus GST) fee beyond the free quota. Kotak Mahindra Bank now charges ₹23 for financial transactions (up from ₹21) and ₹10 for non-financial ones (up from ₹8.5). Meanwhile, State Bank of India (SBI) revised its ATM fee structure earlier this year on February 1, 2025. It also standardized free usage across metro and non-metro areas—5 free transactions at SBI ATMs and 10 at other bank ATMs for most customers. Beyond this: Financial transactions cost ₹15 at SBI ATMs and ₹17 at other bank ATMs. Non-financial transactions are free at SBI ATMs, but ₹10 per transaction at other banks’ ATMs. Bank Old Charges (Before May 1) New Charges (Effective May 2025) HDFC Bank ₹21 + GST (All transactions) ₹23 + GST (All transactions) PNB ₹21 (fin), ₹10 (non-fin) + GST ₹23 (fin), ₹11 (non-fin) + GST (Effective May 9) IndusInd Bank ₹21 + GST (All transactions) ₹23 + GST (All transactions) Kotak Mahindra Bank ₹21 (fin), ₹8.5 (non-fin) ₹23 (fin), ₹10 (non-fin) SBI (Revised Feb 1) ₹15 (fin) SBI ATM, ₹17 (fin) other ATM, ₹0–₹10 (non-fin) ₹15 (SBI ATM), ₹17 (other bank ATM), ₹10 non-fin (other ATM) What’s the interchange fee—and why it matters The interchange fee is the charge your bank pays to the bank that owns the ATM you use. For instance, if you use an HDFC debit card at an SBI ATM, HDFC pays SBI. While customers don’t pay this directly, it influences what banks charge after the free limit. As of now, interchange fees remain unchanged: ₹17 for financial transactions ₹6 for non-financial transactions However, this may be reviewed by ATM networks or the RBI in the future. Are CRM machines affected too? Yes, but with a catch. Cash deposits at Cash Recycler Machines (CRMs) remain free. However, if you withdraw money or check your balance at a CRM after crossing your free limit, the ₹23 + GST charge applies—just as it would at a regular ATM.

ATM withdrawal just got costlier: What changes from May 1 and how it affects you

<div class="x_elementToProof" aria-hidden="true">Delhi is buzzing with excitement this Akshaya Tritiya! With more than 21,000 weddings expected to take place today, the city is alive with celebrations. It&rsquo;s not just the couples who are feeling the joy &mdash; the wedding business is thriving. Catering, d&eacute;cor, beauty salons, DJs &mdash; all sectors are seeing a massive booking spike. Hotels and banquet halls, capitalizing on the busy wedding season, have raised their rates by 10-15%, with most venues fully booked weeks in advance.</div>
<div class="x_elementToProof" aria-hidden="true"></div>
<div class="x_elementToProof">
<div class="x_elementToProof">As the city&rsquo;s wedding fever intensifies, let&rsquo;s not forget the real star of this show &mdash; gold! Akshaya Tritiya is practically synonymous with gold buying. Whether it&rsquo;s for the bride&rsquo;s jewellery or just a way to ring in the good times, this is the festival to invest in gold. And in 2025, the demand is through the roof! Akshaya Tritiya isn&rsquo;t just for weddings &mdash; it&rsquo;s the day to make any auspicious purchase. So, what&rsquo;s shining brighter than the lights at your wedding reception? You guessed it &mdash; gold.</div>
<div class="x_elementToProof" aria-hidden="true">&nbsp;</div>
<h2 class="x_elementToProof"><b>Meeting the Demand for Budget-Friendly Jewellery</b></h2>
<div class="x_elementToProof">Delhi&rsquo;s gold and silver trade is also shining brightly. According to PTI, the Chamber of Trade &amp; Industry (CTI) estimates Rs 200 crore in jewellery transactions today. Despite gold prices hitting Rs 97,000 per 10 grams &mdash; up from Rs 73,500 last year &mdash; consumers are still buying, albeit with a shift in taste.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">&ldquo;There&rsquo;s a sharp rise in demand for lightweight gold and diamond jewellery,&rdquo; CTI General Secretary and jeweller Gurmeet Arora told PTI . &ldquo;To match budgets, jewellers have introduced small, trendy designs.&rdquo;</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">According to CTI, spending this Akshaya Tritiya has been dominated by jewellery, clothing, and electronic items, as families gear up for grand celebrations. The wedding services sector is also seeing a boom, with high demand for catering, d&eacute;cor, beauty salons, and DJ services. Meanwhile, hotel and banquet hall prices have surged by 10&ndash;15%, and most venues across the city are already fully booked, reflecting the massive wedding wave sweeping Delhi today.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">Despite soaring gold prices, the jewellery sector thrived, with an estimated ₹200 crore in sales. The price of 24-carat gold reached approximately ₹97,693 per 10 grams in Delhi, prompting a shift towards lightweight jewellery designs to accommodate budget-conscious consumers.&nbsp;</div>
<div class="x_elementToProof"></div>
<h2 class="x_elementToProof"><b>Gold Price Trends in the Past 10 Years</b></h2>
<div class="x_elementToProof">The rise in gold prices during Akshaya Tritiya is a familiar trend, and this year, gold has continued to show impressive growth. The India Bullion and Jewellers Association (IBJA), a key body tracking gold prices in India, has noted a consistent upward trajectory in gold prices over the past decade.</div>
<div class="x_elementToProof">According to the India Bullion and Jewellers Association (IBJA), gold prices have experienced a notable rise over the last 10 years, especially in recent years. The price surged sharply in 2020, reflecting global economic uncertainties triggered by the pandemic. In 2025, gold prices reached a significant ₹97,000 per 10 grams, marking a 30% increase from last year alone. This price growth is a reminder of gold&rsquo;s enduring value as both a commodity and a symbol of wealth.</div>
<div class="x_elementToProof" aria-hidden="true">&nbsp;</div>
<figure class="tinymce-table-div">
<table cellpadding="0" cellspacing="0" class="x_elementToProof" border="1" style="width: 489px; border-collapse: collapse; border-spacing: 0px; border: 2px solid black; height: 227px;">
<tbody>
<tr style="height: 44.7812px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 44.7812px;">
<div class="x_elementToProof"><b>Year</b></div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 44.7812px;">
<div class="x_elementToProof"><b>Gold Price on Akshaya Tritiya (Per 10 Grams)</b></div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 44.7812px;">
<div class="x_elementToProof"><b>% Increase from Previous Year</b></div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2015</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹26,600</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">&mdash;</div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2016</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹28,500</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">7.14%</div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2017</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹29,800</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">4.56%</div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2018</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹31,100</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">4.37%</div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2019</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹32,800</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">5.45%</div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2020</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹46,500</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">41.88%</div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2021</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹47,000</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">1.07%</div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2022</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹51,000</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">8.51%</div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2023</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹60,000</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">17.65%</div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2024</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹74,500</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">24.17%</div>
</td>
</tr>
<tr style="height: 22.3906px;">
<td class="x_elementToProof center" style="width: 90.5px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">2025</div>
</td>
<td class="x_elementToProof center" style="width: 214.719px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">₹97,000</div>
</td>
<td class="x_elementToProof center" style="width: 175.781px; border-width: 2px; border-color: black; height: 22.3906px;">
<div class="x_elementToProof">30.23%</div>
</td>
</tr>
</tbody>
</table>
</figure>
<div class="x_elementToProof center"><b>Source: India Bullion and Jewellers Association (IBJA)</b></div>
<div class="x_elementToProof" aria-hidden="true">&nbsp;</div>
<h2 class="x_elementToProof"><b>But what makes Akshaya Tritiya so special for buying gold?</b></h2>
<div class="x_elementToProof">According to Hindu mythology, Akshaya Tritiya marks the birth of Lord Parashurama and is believed to be a day that brings prosperity and growth. It is said that any purchase made on this day, especially gold, will bring infinite wealth and success, ensuring the buyer&rsquo;s fortune flourishes.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">For centuries, buying gold on Akshaya Tritiya has been seen as a ritual that brings spiritual and financial benefits. People believe that gold bought on this day will appreciate over time, making it a solid investment. Moreover, gold has consistently performed well during economic volatility, further cementing its reputation as a safe haven for investors.</div>
</div>
<div class="x_elementToProof"></div>

Business & Economy: Delhi’s gold and silver trade is also shining brightly. According to PTI, CTI estimates Rs 200 crore in jewellery transactions today.

Delhi is buzzing with excitement this Akshaya Tritiya! With more than 21,000 weddings expected to take place today, the city is alive with celebrations. It’s not just the couples who are feeling the joy — the wedding business is thriving. Catering, décor, beauty salons, DJs — all sectors are seeing a massive booking spike. Hotels and banquet halls, capitalizing on the busy wedding season, have raised their rates by 10-15%, with most venues fully booked weeks in advance. As the city’s wedding fever intensifies, let’s not forget the real star of this show — gold! Akshaya Tritiya is practically synonymous with gold buying. Whether it’s for the bride’s jewellery or just a way to ring in the good times, this is the festival to invest in gold. And in 2025, the demand is through the roof! Akshaya Tritiya isn’t just for weddings — it’s the day to make any auspicious purchase. So, what’s shining brighter than the lights at your wedding reception? You guessed it — gold. Meeting the Demand for Budget-Friendly Jewellery Delhi’s gold and silver trade is also shining brightly. According to PTI, the Chamber of Trade & Industry (CTI) estimates Rs 200 crore in jewellery transactions today. Despite gold prices hitting Rs 97,000 per 10 grams — up from Rs 73,500 last year — consumers are still buying, albeit with a shift in taste. “There’s a sharp rise in demand for lightweight gold and diamond jewellery,” CTI General Secretary and jeweller Gurmeet Arora told PTI . “To match budgets, jewellers have introduced small, trendy designs.” According to CTI, spending this Akshaya Tritiya has been dominated by jewellery, clothing, and electronic items, as families gear up for grand celebrations. The wedding services sector is also seeing a boom, with high demand for catering, décor, beauty salons, and DJ services. Meanwhile, hotel and banquet hall prices have surged by 10–15%, and most venues across the city are already fully booked, reflecting the massive wedding wave sweeping Delhi today. Despite soaring gold prices, the jewellery sector thrived, with an estimated ₹200 crore in sales. The price of 24-carat gold reached approximately ₹97,693 per 10 grams in Delhi, prompting a shift towards lightweight jewellery designs to accommodate budget-conscious consumers. Gold Price Trends in the Past 10 Years The rise in gold prices during Akshaya Tritiya is a familiar trend, and this year, gold has continued to show impressive growth. The India Bullion and Jewellers Association (IBJA), a key body tracking gold prices in India, has noted a consistent upward trajectory in gold prices over the past decade. According to the India Bullion and Jewellers Association (IBJA), gold prices have experienced a notable rise over the last 10 years, especially in recent years. The price surged sharply in 2020, reflecting global economic uncertainties triggered by the pandemic. In 2025, gold prices reached a significant ₹97,000 per 10 grams, marking a 30% increase from last year alone. This price growth is a reminder of gold’s enduring value as both a commodity and a symbol of wealth. Year Gold Price on Akshaya Tritiya (Per 10 Grams) % Increase from Previous Year 2015 ₹26,600 — 2016 ₹28,500 7.14% 2017 ₹29,800 4.56% 2018 ₹31,100 4.37% 2019 ₹32,800 5.45% 2020 ₹46,500 41.88% 2021 ₹47,000 1.07% 2022 ₹51,000 8.51% 2023 ₹60,000 17.65% 2024 ₹74,500 24.17% 2025 ₹97,000 30.23% Source: India Bullion and Jewellers Association (IBJA) But what makes Akshaya Tritiya so special for buying gold? According to Hindu mythology, Akshaya Tritiya marks the birth of Lord Parashurama and is believed to be a day that brings prosperity and growth. It is said that any purchase made on this day, especially gold, will bring infinite wealth and success, ensuring the buyer’s fortune flourishes. For centuries, buying gold on Akshaya Tritiya has been seen as a ritual that brings spiritual and financial benefits. People believe that gold bought on this day will appreciate over time, making it a solid investment. Moreover, gold has consistently performed well during economic volatility, further cementing its reputation as a safe haven for investors.

Akshaya Tritiya 2025: A Golden Surge in Weddings and Gold Purchases in New Delhi

<div class="x_elementToProof" data-olk-copy-source="MessageBody">As the US-China trade war escalates, Beijing is bolstering its private sector to navigate economic headwinds. According to Bloomberg News, China&rsquo;s newly enacted law aims to provide private enterprises with equal footing alongside state-owned firms, even as factory activity contracts and exports to the US plummet under the weight of steep tariffs.</div>
<div class="x_elementToProof"><b></b></div>
<h2 class="x_elementToProof"><b>What is China&rsquo;s New Law, And How will it protect its Companies?</b></h2>
<div class="x_elementToProof">According to Xinhua News Agency, on April 30,&nbsp;during the Standing Committee of the National People&rsquo;s Congress Session, Chinese lawmakers passed a private sector promotion measure. The legislation will take effect on May 20. The legislation codifies the government's&nbsp;policies,&nbsp;ensuring private firms receive equal treatment in market access, financing, and innovative support, akin to their state-owned counterparts. It also prohibits excessive fines and administrative&nbsp;penalties against private companies.</div>
<div class="x_elementToProof">This move is seen as a strategic pivot by President Xi Jinping&rsquo;s administration to reassure entrepreneurs and stabilize&nbsp;the economy amid external pressure. However, critics have raised concerns over the new law&rsquo;s lack of clear enforcement mechanisms, casting doubt on how effectively it will protect companies on the ground.</div>
<h2 class="x_elementToProof"><b>China&rsquo;s Factory Output Contracts</b></h2>
<div class="x_elementToProof">According to Bloomberg News, the Chinese manufacturing sector is showing signs&nbsp;of strain. The world&rsquo;s second-biggest economy&rsquo;s factory activity slipped into its worst contraction since December 2023. The National Bureau of Statistics&nbsp;on April 30 said that the official Purchasing Managers&rsquo; Index (PMI) for April dropped to 49 from 50.5 in March, indicating a contraction in factory output. Similarly, the non-manufacturing PMI, which tracks services and construction, also fell to 50.4 from 50.8, signaling a broader slowdown.</div>
<h2 class="x_elementToProof"><b>US-China Trade Tension Escalates</b></h2>
<div class="x_elementToProof">The trade dispute between Washington and Beijing is showing no sign of letting up. China has retaliated with its own tariffs, and diplomatic relations&nbsp;with the two countries remain&nbsp;tense. Chinese Foreign Minister Wang Yi has critized the US approach, warning that any appeasement would only embolden what he described as &ldquo;the bully&rdquo;.</div>
<div class="x_elementToProof">Amid&nbsp;these escalating tensions, American companies like Boeing have become ensnared in the trade conflict. Chinese airlines&nbsp;have halted orders and deliveries, and some jets have been rerouted back to the US,&nbsp;underscoring the broader impact of&nbsp;the ongoing tariff war on global businesses.</div>
<div class="x_elementToProof">President Donald Trump&rsquo;s decision to impose 145 per cent tariffs on Chinese goods has significantly added pressure on Chinese exporters. The tariff hike, aimed at curbing China&rsquo;s trade surplus with the US,&nbsp;has worsened the economic strain,&nbsp;and in retaliation, China has slapped its own tariffs on American goods. As a result, cargo shipments between the two countries have plunged by as much as 60 per cent, affecting supply chains and amplifying the economic fallout.<br><br>While China has introduced measures to support its struggling firms and stimulate domestic consumption, it has refrained from launching large-scale economic stimulus. Instead, officials are focusing on executing previously approved economic packages while urging companies to align with government policies to weather the economic storm.</div>
<div class="x_elementToProof"></div>

Business & Economy: New Chinese legislation strives for business equality, giving private companies equal opportunities and fair treatment alongside state-owned entities.

As the US-China trade war escalates, Beijing is bolstering its private sector to navigate economic headwinds. According to Bloomberg News, China’s newly enacted law aims to provide private enterprises with equal footing alongside state-owned firms, even as factory activity contracts and exports to the US plummet under the weight of steep tariffs. What is China’s New Law, And How will it protect its Companies? According to Xinhua News Agency, on April 30, during the Standing Committee of the National People’s Congress Session, Chinese lawmakers passed a private sector promotion measure. The legislation will take effect on May 20. The legislation codifies the government's policies, ensuring private firms receive equal treatment in market access, financing, and innovative support, akin to their state-owned counterparts. It also prohibits excessive fines and administrative penalties against private companies. This move is seen as a strategic pivot by President Xi Jinping’s administration to reassure entrepreneurs and stabilize the economy amid external pressure. However, critics have raised concerns over the new law’s lack of clear enforcement mechanisms, casting doubt on how effectively it will protect companies on the ground. China’s Factory Output Contracts According to Bloomberg News, the Chinese manufacturing sector is showing signs of strain. The world’s second-biggest economy’s factory activity slipped into its worst contraction since December 2023. The National Bureau of Statistics on April 30 said that the official Purchasing Managers’ Index (PMI) for April dropped to 49 from 50.5 in March, indicating a contraction in factory output. Similarly, the non-manufacturing PMI, which tracks services and construction, also fell to 50.4 from 50.8, signaling a broader slowdown. US-China Trade Tension Escalates The trade dispute between Washington and Beijing is showing no sign of letting up. China has retaliated with its own tariffs, and diplomatic relations with the two countries remain tense. Chinese Foreign Minister Wang Yi has critized the US approach, warning that any appeasement would only embolden what he described as “the bully”. Amid these escalating tensions, American companies like Boeing have become ensnared in the trade conflict. Chinese airlines have halted orders and deliveries, and some jets have been rerouted back to the US, underscoring the broader impact of the ongoing tariff war on global businesses. President Donald Trump’s decision to impose 145 per cent tariffs on Chinese goods has significantly added pressure on Chinese exporters. The tariff hike, aimed at curbing China’s trade surplus with the US, has worsened the economic strain, and in retaliation, China has slapped its own tariffs on American goods. As a result, cargo shipments between the two countries have plunged by as much as 60 per cent, affecting supply chains and amplifying the economic fallout. While China has introduced measures to support its struggling firms and stimulate domestic consumption, it has refrained from launching large-scale economic stimulus. Instead, officials are focusing on executing previously approved economic packages while urging companies to align with government policies to weather the economic storm.

China Unveils New Law to Boost Private Sector Amid Slowing Economy And US Tariff Impact

<p>Brazil is leading the charge in reviving the global chocolate industry, which is facing a severe supply shortage and rising prices.&nbsp;</p>
<p>Moises Schmidt, a cocoa grower and entrepreneur in Bahia state, is leading the development of what could become the world&rsquo;s largest cocoa farm. &nbsp;&nbsp;</p>
<p>He has secured preliminary backing from major cocoa traders and chocolate manufacturers. &nbsp;&nbsp;</p>
<p>&lsquo;We started producing cocoa looking for an alternative that would add to the fruit production that the group already wanted. However, at that time cocoa production needed shade and we began to understand a little the dynamics and the technical issues of cocoa. We began to identify that cocoa in full sun had a better response, the tree grew faster. It started producing fruit much earlier, producing more,&rsquo; Schmidt said while speaking to Reuters.&nbsp;</p>
<h2>Cocoa crisis hits global chocolate supply&nbsp;</h2>
<p>The project comes at a critical time&mdash;cocoa production in West Africa, which supplies 70 per cent of the world&rsquo;s beans, is stagnating. &nbsp;Meanwhile, global demand for chocolate continues to rise, creating urgent pressure to find new, high-yield sources of cocoa.&nbsp;</p>
<p>&lsquo;In Brazil, today, we've reached the conclusion that if you want to reach a production above 1,6 million tons of cocoa, you need at least 500 thousand hectares of cocoa plantations in non-traditional areas, like the ones you are seeing here. This production, in my point of view, will only cover a drop of the production of countries in Africa that are stagnating at the moment,&rsquo; he said.&nbsp;</p>
<p>The implications of this megafarm are significant. &nbsp;If successful, it would not only make Brazil a key player in the global cocoa market but also set a new benchmark for sustainable, high-efficiency cocoa production. &nbsp;&nbsp;</p>
<p>With global chocolate makers seeking reliable supply chains amid mounting climate and disease pressures in West Africa, this project could reshape where&mdash;and how&mdash;cocoa is grown.&nbsp;</p>

Business Economy, Brazil is leading the charge in reviving the global chocolate industry, which is facing a severe supply shortage and rising prices.

Brazil is leading the charge in reviving the global chocolate industry, which is facing a severe supply shortage and rising prices. Moises Schmidt, a cocoa grower and entrepreneur in Bahia state, is leading the development of what could become the world’s largest cocoa farm. He has secured preliminary backing from major cocoa traders and chocolate manufacturers. ‘We started producing cocoa looking for an alternative that would add to the fruit production that the group already wanted. However, at that time cocoa production needed shade and we began to understand a little the dynamics and the technical issues of cocoa. We began to identify that cocoa in full sun had a better response, the tree grew faster. It started producing fruit much earlier, producing more,’ Schmidt said while speaking to Reuters. Cocoa crisis hits global chocolate supply The project comes at a critical time—cocoa production in West Africa, which supplies 70 per cent of the world’s beans, is stagnating. Meanwhile, global demand for chocolate continues to rise, creating urgent pressure to find new, high-yield sources of cocoa. ‘In Brazil, today, we've reached the conclusion that if you want to reach a production above 1,6 million tons of cocoa, you need at least 500 thousand hectares of cocoa plantations in non-traditional areas, like the ones you are seeing here. This production, in my point of view, will only cover a drop of the production of countries in Africa that are stagnating at the moment,’ he said. The implications of this megafarm are significant. If successful, it would not only make Brazil a key player in the global cocoa market but also set a new benchmark for sustainable, high-efficiency cocoa production. With global chocolate makers seeking reliable supply chains amid mounting climate and disease pressures in West Africa, this project could reshape where—and how—cocoa is grown.

Can Brazil save chocolate? One farm thinks so

<p>According to minutes of Reserve Bank of India's latest monetary policy meeting, policymakers sought to reduce borrowing costs to protect domestic demand from a potential slowdown caused by the hefty tariffs imposed by U President Donald Trump.&nbsp;</p>
<p>The RBI cut rates by 0.25 per cent and signalled a change in its policy stance to accommodative. That shift in the policy stance signals further rate cuts as the RBI is worried about growth.&nbsp;</p>
<p>The minutes outlined policymakers' focus on growth amid slowing inflation. That suggests more rate cuts in the coming months. Ratings agencies have already lowered India's growth outlook for this year.&nbsp;</p>
<h2>Can RBI help sustain domestic consumption surge?&nbsp;</h2>
<p>While the RBI's response is expected to keep India's status as the fastest-growing major economy intact, easing domestic demand is a cause for concern. The RBI minutes mirrored those concerns, with policymakers pledging to boost growth and demand.&nbsp;</p>
<p>While banks take time before passing on RBI rate cuts, the easing cycle will bring some Relief for Indians grappling with high interest rates on their loans.&nbsp;</p>
<p>The equated monthly instalments, or EMIs on home, car, and personal loans will eventually come down as banks start to cut lending rates.&nbsp;</p>
<p>But will this boost consumer demand? Or will growth take a significant hit from Trump's tariff rhetoric is to be seen.&nbsp;</p>

Business Economy, While banks take time before passing on RBI rate cuts, the easing cycle will bring some Relief for Indians grappling with high interest rates.

According to minutes of Reserve Bank of India's latest monetary policy meeting, policymakers sought to reduce borrowing costs to protect domestic demand from a potential slowdown caused by the hefty tariffs imposed by U President Donald Trump. The RBI cut rates by 0.25 per cent and signalled a change in its policy stance to accommodative. That shift in the policy stance signals further rate cuts as the RBI is worried about growth. The minutes outlined policymakers' focus on growth amid slowing inflation. That suggests more rate cuts in the coming months. Ratings agencies have already lowered India's growth outlook for this year. Can RBI help sustain domestic consumption surge? While the RBI's response is expected to keep India's status as the fastest-growing major economy intact, easing domestic demand is a cause for concern. The RBI minutes mirrored those concerns, with policymakers pledging to boost growth and demand. While banks take time before passing on RBI rate cuts, the easing cycle will bring some Relief for Indians grappling with high interest rates on their loans. The equated monthly instalments, or EMIs on home, car, and personal loans will eventually come down as banks start to cut lending rates. But will this boost consumer demand? Or will growth take a significant hit from Trump's tariff rhetoric is to be seen.

RBI to cut borrowing costs further to protect domestic demand

<p>If you are looking to book a cab on BluSmart and it shows 'no slots,' it might be because of something bigger than a technical glitch. Hailed as a 'reliable' option for many, the future of BluSmart is under scrutiny following regulatory action against its promoters.</p>
<p>SEBI has initiated action against Gensol Engineering promoters Anmol Singh Jaggi and Punnet Singh Jaggi for multiple violations, including diversion of funds meant for EV procurement to buy a luxurious apartment in Camellias, Gurugram. BluSmart is a related party to the company in question.</p>
<p>The regulatory body has barred the duo from the securities market and from holding any management positions until further notice.</p>
<h2>SEBI's notice</h2>
<p>The market regulator received a complaint in June 2024 related to the manipulation of share prices and the diversion of funds.&nbsp;</p>
<p><a href="https://www.sebi.gov.in/enforcement/orders/apr-2025/interim-order-in-the-matter-of-gensol-engineering-limited_93458.html">The notice cites a statement made by Ratings agency ICRA</a>, which said, 'certain documents shared by GEL with ICRA, on its debt servicing track record, were apparently falsified, which raises concerns on its corporate governance practices, including its liquidity position.'</p>
<p>Upon inquiry, SEBI revealed that funds availed by Gensol between 2021 and 2024 as loans for procuring EVs, amounting to Rs 978 crore, were partly utilised for buying a luxury property.&nbsp;</p>
<p>A regulatory filing in February 2025 revealed a gap of Rs 262 crore. The notice also revealed that some of the loan amount was transferred to Capbridge, a related entity that paid money to DLF for another apartment purchase.&nbsp;</p>
<p>The company shares have plunged 5 per cent on the National Stock Exchange (NSE).</p>
<h2>Has BluSmart suspended operations?</h2>
<p>The related EV-based ride-hailing app has reportedly suspended cab scheduling services in Delhi NCR, Mumbai and Bangalore. While reports suggest that the app is actually facing a technical issue and will be fixed soon, the timing has led many to voice their concerns over the future of the company.&nbsp;</p>
<p>The company is also reportedly under financial strain. Multiple media reports suggest that the company has delayed salary payments for March. According to an internal email reported by IANS and sent by co-founder Anmol Singh Jaggi, 'Due to current cash flow constraints, there will be a short delay in processing salaries. However, we want to assure you that all dues will be cleared within April itself.'</p>
<p>BluSmart is yet to respond to Wion's queries regarding these allegations.</p>

Business Economy, The regulatory body has barred the duo from the securities market and from holding any management positions until further notice.

If you are looking to book a cab on BluSmart and it shows 'no slots,' it might be because of something bigger than a technical glitch. Hailed as a 'reliable' option for many, the future of BluSmart is under scrutiny following regulatory action against its promoters. SEBI has initiated action against Gensol Engineering promoters Anmol Singh Jaggi and Punnet Singh Jaggi for multiple violations, including diversion of funds meant for EV procurement to buy a luxurious apartment in Camellias, Gurugram. BluSmart is a related party to the company in question. The regulatory body has barred the duo from the securities market and from holding any management positions until further notice. SEBI's notice The market regulator received a complaint in June 2024 related to the manipulation of share prices and the diversion of funds. The notice cites a statement made by Ratings agency ICRA, which said, 'certain documents shared by GEL with ICRA, on its debt servicing track record, were apparently falsified, which raises concerns on its corporate governance practices, including its liquidity position.' Upon inquiry, SEBI revealed that funds availed by Gensol between 2021 and 2024 as loans for procuring EVs, amounting to Rs 978 crore, were partly utilised for buying a luxury property. A regulatory filing in February 2025 revealed a gap of Rs 262 crore. The notice also revealed that some of the loan amount was transferred to Capbridge, a related entity that paid money to DLF for another apartment purchase. The company shares have plunged 5 per cent on the National Stock Exchange (NSE). Has BluSmart suspended operations? The related EV-based ride-hailing app has reportedly suspended cab scheduling services in Delhi NCR, Mumbai and Bangalore. While reports suggest that the app is actually facing a technical issue and will be fixed soon, the timing has led many to voice their concerns over the future of the company. The company is also reportedly under financial strain. Multiple media reports suggest that the company has delayed salary payments for March. According to an internal email reported by IANS and sent by co-founder Anmol Singh Jaggi, 'Due to current cash flow constraints, there will be a short delay in processing salaries. However, we want to assure you that all dues will be cleared within April itself.' BluSmart is yet to respond to Wion's queries regarding these allegations.

BluSmart unavailable? SEBI's action against Gensol Engineering promoters stalls ride-hailing service

The global market meltdown deepened as the tariff turmoil spread across asset classes and regions. Another Black Monday-style collapse similar to 1987 is already playing out with stocks from Sydney to Shanghai to London crashing.

Global Stock Market Tumbles: Analysts Warn of 1987 Crash Repeat

US President Donald Trump has unveiled a raft of punishing tariffs ranging from a minimum of 10% to as high as 49%, targeting countries around the world. The US president said he will impose a 10% universal tariff on all imported foreign goods in addition to reciprocal tariffs on a few dozen countries.

Trump tariffs: New tariffs primarily based on existing trade imbalances

<p>The Indian Ministry of Law and Justice has formally requested a Gujarat court to serve legal documents to Gautam Adani concerning a bribery case under investigation by the United States Securities and Exchange Commission (SEC).</p>
<p>The US SEC has levied bribery charges worth billions of dollars against Adani and his nephew, Sagar Adani. The SEC's claims centre on the payment of bribes to Indian government officials in order to negotiate overpriced energy contracts.</p>
<p>According to reports, the SEC has accused Azure Power CEO Cyril Cabanes of his alleged involvement in the fraud.</p>
<p><a href="https://www.sec.gov/newsroom/press-releases/2024-181" rel="dofollow">According to an official communication dated February 25 2025</a>, the Department of Legal Affairs (Judicial Section) received a formal request from US authorities.</p>
<p>The documents are to be served on Gautam Adani at his residence: Shantivan Farm, Behind Karnavati Club, Gandhinagar Sarkhej Highway, Ahmedabad, Gujarat&mdash;380057.</p>
<p>The Ministry has forwarded two documents to the District Judge at the District &amp; Sessions Court in Ahmedabad. The court has been asked to serve one set to the named individual and to return the second set, along with proof of service, to the Judicial Section in New Delhi.</p>
<p>The letter from the Law Ministry states, "The Court addressed above is requested to serve one set of the Request and the documents of the case on the aforesaid party(s) and to send a report on the proof of service... as soon as possible so that the same could be transmitted to the foreign authority concerned."</p>
<p>It adds that the service report must be in English, and if any part of it is in a regional language, an English translation must be attached. The Ministry also asked that if the respondent's address falls outside the court's jurisdiction, the documents should be sent to the appropriate court without being returned to Delhi.</p>
<p>In response to WION's request for comments, the US SEC directed to its press release on November 20, 2024, and declined to comment further on the case or details.</p>
<p>The press release is titled "SEC Charges Three Senior Executives in Two Actions Alleging Massive Bribery Scheme Involving Indian Energy Companies Adani Green and Azure Power."</p>
<p>Previously, the Adani group denied any wrongdoing and said they would take full legal recourse to address these allegations.</p>
<p>The United States government's Central Authority requested the summons in February, and it was given in accordance with the Hague Convention.</p>
<p>In an internal memo dated February 25, the Gujarat sessions court was reportedly ordered to take the appropriate measures by the Law Ministry.</p>
<p>According to Zee network's sources, the Ahmedabad court will soon serve Gautam Adani with a notice.</p>
<p>The court has already started the notification process.</p>
<p>"A report on the proof of service (along with the second set of the case)" is requested to be delivered to the department in New Delhi, as stated in the letter, which also includes supporting papers and two sets of the request.</p>
<p>The response to the appropriate foreign authorities will be given once the court receives it.</p>
<p>The department has asked for an English proof of service report because of the potential need to communicate with foreign authorities.</p>
<p>The letter states, "Since the matter requires correspondence with foreign authorities, it is earnestly requested that the report on the proof of service be in English. Further, in this case, the bailiff/process server's report is in the regional language, it is requested that an English translation of the report be attached thereto."</p>
<p>The response to the legal documents served is expected within 30 to 60 days.</p>
<p>The US market regulator has accused Gautam Adani, his nephew Sagar Adani, and others of being involved in a bribery conspiracy; the matter is currently being heard in an American district court.</p>
<p>The Adani Group and Gautam Adani have both denied any wrongdoing.</p>
<p>Adani and others face charges under a statute that was temporarily halted on February 10 by an executive order issued by US President Donald Trump.</p>
<p>According to the White House, the now-paused foreign bribery law is considered "over expansive and unpredictable" and is "actively harming American economic competitiveness and, therefore, national security."</p>
<p>The US regulator accused Gautam Adani and his nephew Sagar Adani of paying $265 million in bribes to gain lucrative solar power projects.</p>
<p>In November, the New York Eastern District Court ordered them to reply.</p>
<p>They were expected to respond to the notice dated November 21 within twenty-one days from receipt of the summons (not including the day of receipt).</p>
<p>Details revealed by the New York court indicate that between 2020 and 2024, Adani and seven other defendants, including Sagar Adani, a director of Adani Green Energy, allegedly conspired to pay almost $265 million in bribes to officials in the Indian government.</p>
<p>Solar energy contracts were allegedly negotiated this way to reap $2 billion in earnings over a 20-year period.</p>
<p>The individuals named by the US court are Gautam S Adani, Sagar S Adani, Vneet S Jaain and Ranjit Gupta.</p>
<p>An Adani Group spokesperson denied the allegations against Adani Green directors made by the US Department of Justice and the SEC, calling them "baseless."</p>
<p>The spokesperson had said the group would pursue "all possible legal recourse."</p>

Business Economy, In response to WION's request, the US SEC directed to its press release on November 20, 2024, and declined to comment further on the case or details.

The Indian Ministry of Law and Justice has formally requested a Gujarat court to serve legal documents to Gautam Adani concerning a bribery case under investigation by the United States Securities and Exchange Commission (SEC). The US SEC has levied bribery charges worth billions of dollars against Adani and his nephew, Sagar Adani. The SEC's claims centre on the payment of bribes to Indian government officials in order to negotiate overpriced energy contracts. According to reports, the SEC has accused Azure Power CEO Cyril Cabanes of his alleged involvement in the fraud. According to an official communication dated February 25 2025, the Department of Legal Affairs (Judicial Section) received a formal request from US authorities. The documents are to be served on Gautam Adani at his residence: Shantivan Farm, Behind Karnavati Club, Gandhinagar Sarkhej Highway, Ahmedabad, Gujarat—380057. The Ministry has forwarded two documents to the District Judge at the District & Sessions Court in Ahmedabad. The court has been asked to serve one set to the named individual and to return the second set, along with proof of service, to the Judicial Section in New Delhi. The letter from the Law Ministry states, "The Court addressed above is requested to serve one set of the Request and the documents of the case on the aforesaid party(s) and to send a report on the proof of service... as soon as possible so that the same could be transmitted to the foreign authority concerned." It adds that the service report must be in English, and if any part of it is in a regional language, an English translation must be attached. The Ministry also asked that if the respondent's address falls outside the court's jurisdiction, the documents should be sent to the appropriate court without being returned to Delhi. In response to WION's request for comments, the US SEC directed to its press release on November 20, 2024, and declined to comment further on the case or details. The press release is titled "SEC Charges Three Senior Executives in Two Actions Alleging Massive Bribery Scheme Involving Indian Energy Companies Adani Green and Azure Power." Previously, the Adani group denied any wrongdoing and said they would take full legal recourse to address these allegations. The United States government's Central Authority requested the summons in February, and it was given in accordance with the Hague Convention. In an internal memo dated February 25, the Gujarat sessions court was reportedly ordered to take the appropriate measures by the Law Ministry. According to Zee network's sources, the Ahmedabad court will soon serve Gautam Adani with a notice. The court has already started the notification process. "A report on the proof of service (along with the second set of the case)" is requested to be delivered to the department in New Delhi, as stated in the letter, which also includes supporting papers and two sets of the request. The response to the appropriate foreign authorities will be given once the court receives it. The department has asked for an English proof of service report because of the potential need to communicate with foreign authorities. The letter states, "Since the matter requires correspondence with foreign authorities, it is earnestly requested that the report on the proof of service be in English. Further, in this case, the bailiff/process server's report is in the regional language, it is requested that an English translation of the report be attached thereto." The response to the legal documents served is expected within 30 to 60 days. The US market regulator has accused Gautam Adani, his nephew Sagar Adani, and others of being involved in a bribery conspiracy; the matter is currently being heard in an American district court. The Adani Group and Gautam Adani have both denied any wrongdoing. Adani and others face charges under a statute that was temporarily halted on February 10 by an executive order issued by US President Donald Trump. According to the White House, the now-paused foreign bribery law is considered "over expansive and unpredictable" and is "actively harming American economic competitiveness and, therefore, national security." The US regulator accused Gautam Adani and his nephew Sagar Adani of paying $265 million in bribes to gain lucrative solar power projects. In November, the New York Eastern District Court ordered them to reply. They were expected to respond to the notice dated November 21 within twenty-one days from receipt of the summons (not including the day of receipt). Details revealed by the New York court indicate that between 2020 and 2024, Adani and seven other defendants, including Sagar Adani, a director of Adani Green Energy, allegedly conspired to pay almost $265 million in bribes to officials in the Indian government. Solar energy contracts were allegedly negotiated this way to reap $2 billion in earnings over a 20-year period. The individuals named by the US court are Gautam S Adani, Sagar S Adani, Vneet S Jaain and Ranjit Gupta. An Adani Group spokesperson denied the allegations against Adani Green directors made by the US Department of Justice and the SEC, calling them "baseless." The spokesperson had said the group would pursue "all possible legal recourse."

Indian law ministry requests Gujarat court to serve US SEC summons to Gautam Adani

<p>In a world considered 'best' in terms of tech advancements and comfort, a troubling trend is emerging among young adults. Research by the National Bureau of Economic Research reveals that happiness among young adults has sharply declined in recent years.</p>
<p>The study, spanning 6 English-speaking countries - Australia, Canada, Ireland, New Zealand, the UK, and the US, shows a stark reversal in the U-shaped happiness curve. According to this curve, people are considered the happiest in their youth, face a dip in middle age, and then rebound as they grow older.</p>
<p>However, the new data paints a sombre picture. Today's youth is experiencing their lowest levels of well-being. In the United States, for example, life satisfaction among young adults has dropped significantly since 2016, while older adults' happiness has remained stable. This downward trend suggests deeper societal shifts at play.</p>
<h2>Mental health crisis</h2>
<p>The decline in happiness goes with the troubling surge in mental health issues worldwide. Rates of anxiety, depression, and self-harm among young people have skyrocketed across the 6 countries analysed. This dents the illusion that people in developed countries are happier than the rest. Their struggles simply take different forms or, as we like to call them, 'first-world problems'</p>
<p>In Australia, mental disorders among young people have spiked 40 per cent for men and 60 per cent for women in just over a decade. Similar patterns are visible in the US and the UK. Young women are particularly affected, with nearly half of them aged 16-24 reporting mental health struggles in recent years.&nbsp;</p>
<h2>Happiness in times of financial uncertainty</h2>
<p>Economic stability is a key factor contributing to the declining happiness trends. Today's youth faces rising housing costs, student debt, and a disrupted job market. Student debt has been a major issue in the US, along with the rising cost of homeownership. Students are caught in the debt trap long after their education, limiting their options to expand.</p>
<p>To reverse this decline, experts suggest the need for economic reforms that address the financial struggles of young adults. But for now, unhappiness seems to be the only constant in the increasingly volatile geopolitical landscape.</p>

Business Economy, Research by the National Bureau of Economic Research reveals that happiness among young adults has sharply declined in recent years.

In a world considered 'best' in terms of tech advancements and comfort, a troubling trend is emerging among young adults. Research by the National Bureau of Economic Research reveals that happiness among young adults has sharply declined in recent years. The study, spanning 6 English-speaking countries - Australia, Canada, Ireland, New Zealand, the UK, and the US, shows a stark reversal in the U-shaped happiness curve. According to this curve, people are considered the happiest in their youth, face a dip in middle age, and then rebound as they grow older. However, the new data paints a sombre picture. Today's youth is experiencing their lowest levels of well-being. In the United States, for example, life satisfaction among young adults has dropped significantly since 2016, while older adults' happiness has remained stable. This downward trend suggests deeper societal shifts at play. Mental health crisis The decline in happiness goes with the troubling surge in mental health issues worldwide. Rates of anxiety, depression, and self-harm among young people have skyrocketed across the 6 countries analysed. This dents the illusion that people in developed countries are happier than the rest. Their struggles simply take different forms or, as we like to call them, 'first-world problems' In Australia, mental disorders among young people have spiked 40 per cent for men and 60 per cent for women in just over a decade. Similar patterns are visible in the US and the UK. Young women are particularly affected, with nearly half of them aged 16-24 reporting mental health struggles in recent years. Happiness in times of financial uncertainty Economic stability is a key factor contributing to the declining happiness trends. Today's youth faces rising housing costs, student debt, and a disrupted job market. Student debt has been a major issue in the US, along with the rising cost of homeownership. Students are caught in the debt trap long after their education, limiting their options to expand. To reverse this decline, experts suggest the need for economic reforms that address the financial struggles of young adults. But for now, unhappiness seems to be the only constant in the increasingly volatile geopolitical landscape.

How financial stress is shaping a generation’s happiness

Reuters report reveals that India is considering cutting tariffs on over half of its US imports. The report further claims that the cuts amount to $23 billion and this move is aimed at protecting India's exports from the impact of reciprocal tariffs imposed by the US. The proposed tariff cuts are seen as an effort to prevent escalating trade tensions between New Delhi and Washington DC, especially with US president's planned tariffs which will take effect on April 2nd. India's internal analysis estimates that US tariffs could impact in effect 87% of its total exports to the US which are valued at $66 billion.

US-India trade: India to slash tariffs on $23 billion US imports

<p>Move over Thailand - Vietnam is fast becoming the new hotspot for Indian travellers in Southeast Asia. While Thailand has long been a favourite, the 'land of the ascending dragon' is now emerging as the region's fastest-growing tourism destination, severely impacting domestic hubs like Goa.</p>
<p><strong>Top travel destinations for Indians among Asian nations in 2024&nbsp;</strong></p>
<p>- Malaysia&nbsp;</p>
<p>- Vietnam&nbsp;</p>
<p>- Thailand&nbsp;</p>
<p><em>(As per reports)</em></p>
<h2>Vietnam's rise as a tourist haven</h2>
<p>Reports suggest that Vietnam welcomed 17.5 million global visitors in 2024. This makes it the fastest-growing tourist economy in Southeast Asia. What's even more impressive about Vietnam's tourism recovery post-COVID? The momentum reveals no signs of slowing, with nearly 4 million international visitors in the first 2 months of 2025 - a 30.2 per cent increase from last year.</p>
<h2>What's fuelling this surge?</h2>
<p>Vietnam's rise as a tourist hotspot is reflected in its friendly policies. In 2023, the country introduced a new electronic visa policy, allowing visitors to stay for up to 90 days. With expanded visa-free access and the influx of luxury hotel chains, Vietnam is becoming the new playground for high-end travellers seeking alternatives.</p>
<p>Vietnam's culinary scene is also attracting footfall, thanks to its recent Michelin guide recognition, making it a strong contender for foodies and luxury seekers alike. Indian tourists, who once flocked to Goa for a beach gateway, are now swapping their flip-flops for flights to Vietnam.</p>

Business Economy, the 'land of the ascending dragon' is now emerging as the region's fastest-growing tourism destination, severely impacting domestic spots like Goa.

Move over Thailand - Vietnam is fast becoming the new hotspot for Indian travellers in Southeast Asia. While Thailand has long been a favourite, the 'land of the ascending dragon' is now emerging as the region's fastest-growing tourism destination, severely impacting domestic hubs like Goa. Top travel destinations for Indians among Asian nations in 2024 - Malaysia - Vietnam - Thailand (As per reports) Vietnam's rise as a tourist haven Reports suggest that Vietnam welcomed 17.5 million global visitors in 2024. This makes it the fastest-growing tourist economy in Southeast Asia. What's even more impressive about Vietnam's tourism recovery post-COVID? The momentum reveals no signs of slowing, with nearly 4 million international visitors in the first 2 months of 2025 - a 30.2 per cent increase from last year. What's fuelling this surge? Vietnam's rise as a tourist hotspot is reflected in its friendly policies. In 2023, the country introduced a new electronic visa policy, allowing visitors to stay for up to 90 days. With expanded visa-free access and the influx of luxury hotel chains, Vietnam is becoming the new playground for high-end travellers seeking alternatives. Vietnam's culinary scene is also attracting footfall, thanks to its recent Michelin guide recognition, making it a strong contender for foodies and luxury seekers alike. Indian tourists, who once flocked to Goa for a beach gateway, are now swapping their flip-flops for flights to Vietnam.

Vietnam: The new favourite for Indian travellers

<p>The Red Sea is one of the world's most critical trade routes, connecting continents through the Suez Canal. The transit accounts for 12 per cent of global trade and 40 per cent of Asia-Europe trade. However, this route has been under severe strain amid Houthi attacks. Major firms are now avoiding the route, forcing ships to reroute to Africa's Cape of Good Hope, which has increased shipping time by 10 to 12 days.</p>
<h2>Impact on the shipping industry</h2>
<p>This prolonged crisis has had a paradoxical effect on the shipping industry. Profits are boosted despite increasing costs due to disruptions. Reduced capacity has led to higher freight rates, helping the company's bottom lines. Maersk, for example, indicated that Red Sea closures could drive higher earnings.</p>
<h2>Impact on global oil trade</h2>
<p>Oil &amp; Gas shipments have been under siege all along the Red Sea route. Till last year, around 6.2 million barrels of crude oil and petroleum products transit through the route daily. This number has been reduced by half, severely impacting Europe's energy supply.&nbsp;</p>
<p>The market has seen constant price fluctuations. Insurance costs have also surged, rising to as high as 2 per cent, adding millions in expenses per voyage. Cargo insurance rates have also spiked, making the Suez Canal route financially unviable for many shipping lanes.</p>
<h2>Impact on consumers &amp; climate</h2>
<p>Global importers have absorbed rising costs so far, but prolonged instability could fuel inflation. European businesses, heavily reliant on Red Sea trade, face delays and higher shipping costs. Rising costs of essentials are already reshaping consumer preferences. Continued Red Sea attacks can deepen this crisis.</p>
<p>Climate costs are also mounting amid rising tensions. Rerouted ships travelling up to 60 per cent farther are burning more fuel. Carbon emissions have also increased by an estimated 40 per cent voyage.&nbsp;</p>
<p>With no immediate solution in sight, Global shipping continues to navigate uncertainty in the Red Sea.</p>

Business Economy, This prolonged crisis has had a paradoxical effect on the shipping industry. Profits are boosted despite increasing costs due to disruptions.

The Red Sea is one of the world's most critical trade routes, connecting continents through the Suez Canal. The transit accounts for 12 per cent of global trade and 40 per cent of Asia-Europe trade. However, this route has been under severe strain amid Houthi attacks. Major firms are now avoiding the route, forcing ships to reroute to Africa's Cape of Good Hope, which has increased shipping time by 10 to 12 days. Impact on the shipping industry This prolonged crisis has had a paradoxical effect on the shipping industry. Profits are boosted despite increasing costs due to disruptions. Reduced capacity has led to higher freight rates, helping the company's bottom lines. Maersk, for example, indicated that Red Sea closures could drive higher earnings. Impact on global oil trade Oil & Gas shipments have been under siege all along the Red Sea route. Till last year, around 6.2 million barrels of crude oil and petroleum products transit through the route daily. This number has been reduced by half, severely impacting Europe's energy supply. The market has seen constant price fluctuations. Insurance costs have also surged, rising to as high as 2 per cent, adding millions in expenses per voyage. Cargo insurance rates have also spiked, making the Suez Canal route financially unviable for many shipping lanes. Impact on consumers & climate Global importers have absorbed rising costs so far, but prolonged instability could fuel inflation. European businesses, heavily reliant on Red Sea trade, face delays and higher shipping costs. Rising costs of essentials are already reshaping consumer preferences. Continued Red Sea attacks can deepen this crisis. Climate costs are also mounting amid rising tensions. Rerouted ships travelling up to 60 per cent farther are burning more fuel. Carbon emissions have also increased by an estimated 40 per cent voyage. With no immediate solution in sight, Global shipping continues to navigate uncertainty in the Red Sea.

Red Sea crisis: What it means for the shipping industry, consumers, and climate

In what is being touted as a monumental development in the digital asset industry, OpenAI is in discussions with Visa for a stablecoin wallet. The partnership between Visa and World Network, a cryptocurrency project by Sam Altman, will be a landmark deal for the industry as this would mean mainstream infrastructure for the digital assets industry. Watch in for more details!

OpenAI & Visa to join hands for crypto wallet

<p>US President Donald Trump has doubled down on his tariffs onslaught, recently announcing 25 per cent 'secondary tariffs' on countries purchasing oil and gas from Venezuela. This adds another layer of complexity to the already volatile oil trade, especially for Asian buyers, including India and China.</p>
<h2>What are 'Secondary tariffs'</h2>
<p>Though not a technical term, Secondary tariffs hold accountable nations that trade with a country under Sanctions or scrutiny. In this case, Venezuela is under US sanctions and thus, its trade partners could face added levies.</p>
<p>This novel approach adds to a growing list of weapons that Trump has deployed in recent times ahead of his self-proclaimed 'liberation day' on April 2nd. This move is expected to escalate tensions with the Latin American nation over immigration and foreign policy.&nbsp;</p>
<p>But beyond Venezuela, the US has opened multiple trade battlefields. The 25 per cent tariffs on imports of steel and aluminium took effect on Wednesday, March 12. This has raised alarms across multiple industries, even with the US, who are now eyeing alternatives amid rising costs. This announcement invoked retaliatory tariffs from Canada, Mexico, China and the European Union. The increasing tariffs have fuelled uncertainty across supply chains as businesses navigate a new landscape under tariffs.</p>
<h2>Venezuela oil trade: key stats</h2>
<p>Venezuela accounted for 0.9 per cent of global crude output in 2024. In December 2023 and January 2024, India was the largest buyer of Venezuelan crude. That month, India accounted for nearly half of Venezuela's total oil exports, which stood at 557,000 barrels per day.&nbsp;</p>
<p>By February 2025, China had become the largest buyer of Venezuelan crude. In 2023, Venezuela exported $3.81 billion worth of goods to the US, primarily crude petroleum, but ongoing sanctions have significantly reduced trade volumes over the past five years.&nbsp;</p>
<p>According to the US Energy Information Administration, Venezuela's oil production has declined for more than a decade, dropping to 875,000 BPD in 2024 from 3.2 million BPD in 2000.&nbsp;</p>
<p>Analysts suggest this tariff could push the country to offer deeper discounts on its oil, similar to the previous US sanctions that forced lower prices. However, enforcement remains uncertain, as past secondary sanctions had limited effectiveness in deterring buyers.</p>
<h2>India's oil expansion plans under tariff threat</h2>
<p>India has been seeking to expand trade with Venezuela. The country's vice president recently visited India during the Energy India Week event. Petroleum Minister Hardeep Singh Puri stated during the event, 'Earlier, Venezuelan oil was not available in the market because of international constraints. Now, all the signals point in the direction of those constraints being eased.'</p>
<p>This quote didn't age well, as new sanctions threaten Venezuela's oil trade with India and the world. Analysts also mention possible fair trade violations by invoking secondary tariffs. They warn of global trade implications and the dangers with Trump constantly doubling down on tariffs. &nbsp;</p>

Business Economy, This novel approach adds to a growing list of weapons that Trump has deployed ahead of his self-proclaimed 'liberation day' on April 2nd.

US President Donald Trump has doubled down on his tariffs onslaught, recently announcing 25 per cent 'secondary tariffs' on countries purchasing oil and gas from Venezuela. This adds another layer of complexity to the already volatile oil trade, especially for Asian buyers, including India and China. What are 'Secondary tariffs' Though not a technical term, Secondary tariffs hold accountable nations that trade with a country under Sanctions or scrutiny. In this case, Venezuela is under US sanctions and thus, its trade partners could face added levies. This novel approach adds to a growing list of weapons that Trump has deployed in recent times ahead of his self-proclaimed 'liberation day' on April 2nd. This move is expected to escalate tensions with the Latin American nation over immigration and foreign policy. But beyond Venezuela, the US has opened multiple trade battlefields. The 25 per cent tariffs on imports of steel and aluminium took effect on Wednesday, March 12. This has raised alarms across multiple industries, even with the US, who are now eyeing alternatives amid rising costs. This announcement invoked retaliatory tariffs from Canada, Mexico, China and the European Union. The increasing tariffs have fuelled uncertainty across supply chains as businesses navigate a new landscape under tariffs. Venezuela oil trade: key stats Venezuela accounted for 0.9 per cent of global crude output in 2024. In December 2023 and January 2024, India was the largest buyer of Venezuelan crude. That month, India accounted for nearly half of Venezuela's total oil exports, which stood at 557,000 barrels per day. By February 2025, China had become the largest buyer of Venezuelan crude. In 2023, Venezuela exported $3.81 billion worth of goods to the US, primarily crude petroleum, but ongoing sanctions have significantly reduced trade volumes over the past five years. According to the US Energy Information Administration, Venezuela's oil production has declined for more than a decade, dropping to 875,000 BPD in 2024 from 3.2 million BPD in 2000. Analysts suggest this tariff could push the country to offer deeper discounts on its oil, similar to the previous US sanctions that forced lower prices. However, enforcement remains uncertain, as past secondary sanctions had limited effectiveness in deterring buyers. India's oil expansion plans under tariff threat India has been seeking to expand trade with Venezuela. The country's vice president recently visited India during the Energy India Week event. Petroleum Minister Hardeep Singh Puri stated during the event, 'Earlier, Venezuelan oil was not available in the market because of international constraints. Now, all the signals point in the direction of those constraints being eased.' This quote didn't age well, as new sanctions threaten Venezuela's oil trade with India and the world. Analysts also mention possible fair trade violations by invoking secondary tariffs. They warn of global trade implications and the dangers with Trump constantly doubling down on tariffs.

What are secondary tariffs, and will India be affected by Venezuela's oil sanctions by Trump?

<p>Tesla was the hottest stock in the market following Donald Trump's inauguration on January 20. 2 months later, the company faces its biggest challenge in years. CEO's Elon Musk stint as a White House advisor has irked lawmakers and investors alike, with 'Tesla Takedown' calls gaining global traction.</p>
<p>In the latest, the company issued a major recall, affecting over 46,000 Cybertrucks in the United States due to faulty exterior panels that could detach while driving. This recall covers the majority of Cybertrucks currently on the road, raising fresh concerns about quality control at the EV giant.</p>
<h2>Tesla stock in reverse</h2>
<p>This recall would be the biggest challenge for any other carmaker, but for Tesla, it's just the tip of the iceberg. The company's stock has plummeted over 40 per cent in 2025, owing to declining demand, ageing vehicle lineup, growing competition, and political backlash. Tesla also leads US vehicle recalls, with its cars accounting for 5.1 million call-backs in 2024 alone. The company's market share dropped to 50 per cent in 2024 from 75 per cent in 2022.</p>
<p>Beyond quality concerns, Tesla is facing mounting political and public backlash. Protests against Elon Musk's policies are escalating, with activists organising the largest coordinated demonstration against Tesla to date. Over 500 protests are planned at Tesla showrooms worldwide on March 29. Protestors oppose Musk's role in government policy changes, including Federal spending cuts and mass layoffs. Meanwhile, Musk and President Donald Trump have labelled these attacks as 'domestic terrorism.'</p>
<p>Analysts warn that growing consumer boycotts could further impact Tesla's brand image and sales, adding to the company's ongoing challenges.</p>

Business Economy, CEO's Elon Musk stint as a White House advisor has irked lawmakers and investors alike, with 'Tesla Takedown' calls gaining global traction.

Tesla was the hottest stock in the market following Donald Trump's inauguration on January 20. 2 months later, the company faces its biggest challenge in years. CEO's Elon Musk stint as a White House advisor has irked lawmakers and investors alike, with 'Tesla Takedown' calls gaining global traction. In the latest, the company issued a major recall, affecting over 46,000 Cybertrucks in the United States due to faulty exterior panels that could detach while driving. This recall covers the majority of Cybertrucks currently on the road, raising fresh concerns about quality control at the EV giant. Tesla stock in reverse This recall would be the biggest challenge for any other carmaker, but for Tesla, it's just the tip of the iceberg. The company's stock has plummeted over 40 per cent in 2025, owing to declining demand, ageing vehicle lineup, growing competition, and political backlash. Tesla also leads US vehicle recalls, with its cars accounting for 5.1 million call-backs in 2024 alone. The company's market share dropped to 50 per cent in 2024 from 75 per cent in 2022. Beyond quality concerns, Tesla is facing mounting political and public backlash. Protests against Elon Musk's policies are escalating, with activists organising the largest coordinated demonstration against Tesla to date. Over 500 protests are planned at Tesla showrooms worldwide on March 29. Protestors oppose Musk's role in government policy changes, including Federal spending cuts and mass layoffs. Meanwhile, Musk and President Donald Trump have labelled these attacks as 'domestic terrorism.' Analysts warn that growing consumer boycotts could further impact Tesla's brand image and sales, adding to the company's ongoing challenges.

Tesla on trial: Recalls, protests, & falling stock hurt company's financials

<p>The Indonesian stock market is on a wild ride. The stocks plunged the most since 2011 as growth worries hit the roof. The chaos led to a trading halt for the first time since the pandemic. Economic concerns and softer consumer spending hit investor sentiment. But beyond the slowdown, the stock rout has hit the richest women in the country.</p>
<p>Marina Budiman, President Commissioner of DCI Indonesia, saw her fortunes soar to an impressive $7.5 billion by mid-March. Over the span of three weeks, she became $350 million richer each day as her company's shares repeatedly hit the daily limit. However, this rapid rise was short-lived. In just 3 days, DCI's stock crashed, wiping out half of their combined fortunes.</p>
<h2>Indonesia's stock rout</h2>
<p>DCI Indonesia's market value stood at $17 billion. This comes despite reporting just $112 million in annual revenue and a $49 million profit. The company's stock trades at an astonishing 416 times earnings -- far higher than industry peers. A contributing factor to the volatility is DCI's tight share float. Major stakeholders like Budiman, Sugiri, and Hanafia hold 78 per cent of the company's shares.&nbsp;</p>
<p>DCI's price collapse came after a period of optimism, driven by expectations of rising demand for data centres and foreign investment. As companies like Oracle explore cloud service ventures in Indonesia, DCI's future remains uncertain as investors weigh the risks of its volatility, high valuation, and limited share liquidity.</p>

Business Economy, A contributing factor to the volatility is DCI's tight share float. Stakeholders like Budiman, Sugiri, & Hanafia hold 78 per cent of the shares.

The Indonesian stock market is on a wild ride. The stocks plunged the most since 2011 as growth worries hit the roof. The chaos led to a trading halt for the first time since the pandemic. Economic concerns and softer consumer spending hit investor sentiment. But beyond the slowdown, the stock rout has hit the richest women in the country. Marina Budiman, President Commissioner of DCI Indonesia, saw her fortunes soar to an impressive $7.5 billion by mid-March. Over the span of three weeks, she became $350 million richer each day as her company's shares repeatedly hit the daily limit. However, this rapid rise was short-lived. In just 3 days, DCI's stock crashed, wiping out half of their combined fortunes. Indonesia's stock rout DCI Indonesia's market value stood at $17 billion. This comes despite reporting just $112 million in annual revenue and a $49 million profit. The company's stock trades at an astonishing 416 times earnings -- far higher than industry peers. A contributing factor to the volatility is DCI's tight share float. Major stakeholders like Budiman, Sugiri, and Hanafia hold 78 per cent of the company's shares. DCI's price collapse came after a period of optimism, driven by expectations of rising demand for data centres and foreign investment. As companies like Oracle explore cloud service ventures in Indonesia, DCI's future remains uncertain as investors weigh the risks of its volatility, high valuation, and limited share liquidity.

Indonesia's richest woman loses $3.6 bn in 3 days

Singapore's state investment company Temasek has signed a deal to pick up close to a 10 per cent stake in the snacks business of Haldiram's. Watch this report for more details!

Temasek takes a 'bite' of India's Haldiram's

Asian stocks retraced early losses, and stock futures rose on Friday. However, the strength of those bets lacked any conviction. The bounce in global stocks on Wednesday didn't last long. Shares in Japan, Australia and Hong Kong climbed on Friday, retracing losses from the previous session. Wall Street futures contracts advanced as a stopgap funding bill looked set to pass and avoid a US government shutdown.

Trade war fears choke recovery hopes

The Trump administration has halted a $1 billion affordable housing program, putting over 25,000 low-income housing units at risk. The funding freeze threatens vulnerable communities, including seniors and low-income families, who now face an uncertain future. As the US housing crisis deepens, advocates warn of rising homelessness and stalled development projects.

US affordable housing at risk as funding freeze hits

The White House has raised concerns over India’s high tariffs on US alcohol and other goods, calling them a hurdle in trade negotiations. With President Trump’s deadline for potential tariffs on India approaching, both nations are discussing a possible trade agreement to ease tensions.

White House criticises India over high tariffs on US alcohol

India's aviation sector is expanding rapidly, creating a soaring demand for pilots. Reports suggest that the country will need at least 30,000 new pilots by 2045 to keep up with growing air traffic. With new airlines launching and existing carriers expanding, the need for skilled pilots is at an all-time high.

India needs 30,000 pilots as Indian aviation industry booms