The Finance

 It was reported by NDTV world and Financial Times that Steel Tycoon Lakshmi Mittal may soon leave the United Kingdom after the labor government driven tax reform that scraps the non domiciled regime which allowed some British residents to avoid paying British tax in respect of foreign income and gain.

More than 700 people killed in Myanmar earthquake. Aid from India arrived in Yangon. It is reported that large part of the county affected by the 7.7 magnitude earthquake on Friday.Indonesia and other countries have offered their help to Myanmar.

 An Indian consumer court has dismissed a claim filed by a group of fourty individuals affected by domestic crypto exchange WazirX losing $233 million in an alleged hack in July 2024.  The National Consumer Disputes Redressal Commission (NCDRC) of India on 27 March 2025 noted that cryptocurrencies are neither legal tender nor permitted as an investment asset in India. Hence, the lawsuit’s primary complaint of ‘financial fraud’ alleged against WazirX does not find legal ground in the country, it said

SEBI proposed on 27 March 2025 that the weekly and monthly expiries of index and single stock derivative contracts be restricted to either Tuesday or The motive behind this proposal is to provide predictability to investors and safeguard market integrity.

 India government ordered Samsung and it's management to pay 601 million dollars (the amount consistng of unpaid taxes and penalty) in back taxes and penalties.This action of the government is for dodging tariffs on import of telecom equipments.The demanded amount represents major part of last year's net profit of the company.In the last year the Samsung in India had reported a net profits of 955 million dollars.The company is engaged in and shows a strong presence in the area of smartphone business and consumer electronics business.However legal remedies are available to the company against the government order demanding tax and penalty amount by way of challenging it in a court or tribunal. In related to import of transmission components used in mobile towers the company had received a warning notice in 2023 for misclassifying imports to evade tariffs of 10% or 20%. It was reported that the imported items were sold to telecom services provider Reliance Jio. Meanwhile Samsung ...

Debates focused on American president Donald Trump's trade and tariff policy are rising internationally. There is several questions related to international trade and commerce have been arised as part of the debates.One of such question to be answered is whether US recession concern increasing under Trump's tade and tariff policies?.Without answering directly over such concern of recession Mr. Jerome Powell taped down worries over inflation expectations. However US economic data in this regard is divergent and have no consensus to answer the question related to concern of recession.such circumstances are fueling the current debates over whether rising anxiety from Trump's policies will push a moderating economy into a serious downturn. Soft data and Hard data Soft data (data of survey's of sentiment from households and business sections) and hard data (data like employment and manufacturing) also suggest fears of the inflation /recession.Comments and actions from differ...

Indus Bank Borad of Directors declared on 20 March 2025 its plan to appoint an independent professional firm for conducting a detailed and comprehensive investigation related to its discrepancies connected with derivative portfolio. The investigation will focus on root cause of the discrepancy , evaluation of accuracy and impact of the accounting contracts, evaluation of compliance of current accounting standards . The main purpose of the proposed investigation is to assess the potential risk related to bank's derivative contracts. The outcomes of the investigation may help the bank to adress such issues in future if arises.

German Parliament approved  biggest spending package in the history of the country. The legislation in this regard was passed on Tuesday in the lower house of Parliament with 512 votes out of a total of 733. The legislation proposed by conservative Chancellor- in - waiting Friedrich Merz was also backed by the Social Democrats and the Greens.The legislation in the next stage will head to a vote on Friday at the Budesrat for approval where Germany's 16 Federal States are represented. The legislation is a major step towards unlocking hundreds of billions of euros in debt financing for defence and infrastructure and heralding the end of decades of budget austirity.

IE Business School in Madrid bagged the top position in the Financial Time's online MBA ranking for the year 2025 for the third consecutive year.The FT's ranking was based on surveys from schools and alumni who completed their online MBA in 2021.In the survey the Imperial College Business School retained second position and Warwick Business School secured third position.(See complete list below) Rank Business School Country Alumni Salary (USD) Tuition Fees 1 IE Business School Spain 209,202 €56,000 2 Imperial College Business School UK 228,443 £50,500 3 Warwick Business School UK 216,898 £40,733 4 University of Southern California: Marshall US 228,500 $129,716 5 Carnegie Mellon: Tepper US 191,841 $149,028 6 University of North Carolina: Kenan-Flagler US 211,372 $125,589 7 University of Florida: Warrington US 145,606 $56,065 8 University of Porto – FEP| PBS Portugal 158,128 €14,672 9 Durham University Business School UK 170,495 £31,193 10 AGSM at UNSW Business School Australia 1...

US President Donald Trump and Russian President Vladimir Putin, spoke for more than two hours over the phone since a ceasefire proposal was announced in Saudi Arabia. Both sides said Russia had agreed to pause attacks on energy infrastructure in Ukraine.But this consensus is for 30 days and that teams would be created to start talks on a wider ceasefire in future. Russia, pointed out that a pause in foreign aid to Ukraine would be a key element to any peace agreement. Ukrainian President Volodymyr Zelenskyy said such conditions show Putin is not ready to end the war.

On 17th March 2025  Allianz SE signed a binding share purchase agreements with Bajaj Finserv Ltd. The purpose of agreement is to sell its 26% stake in its successful non-life and life insurance joint ventures – Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company – to the Bajaj Group for a total consideration of EUR ~2.6bn . As per the agreement Allianz may receive the proceeds in several tranches. The agreement is the result of constructive and amicable talks with Bajaj Finserv Ltd. India continues to be one of Allianz’s growth markets, and Allianz will explore new opportunities that strengthen its position in the market and expand its potential to serve not only as an investor but also as an operator.  As the proceeds become available, Allianz will consider options for their deployment that support the company’s strategic ambitions, in particular the reinvestment of sale proceeds into potential new opportunities in India. Allianz will adhere to it...