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GLOBAL NEWS | Thu, 23 Apr 2026, 1:48AM IST Oil prices stablized as investors scrambled to make sense of President Trumps decision to extend the cease-fire with Iran

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GLOBAL NEWS | Thu, 23 Apr 2026, 1:36AM IST The company is investing in robots and self-driving taxis that are not yet generating significant sales.

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INDIA MARKET | Thu, 23 Apr 2026, 1:32AM IST U.S. stocks rallied Wednesday, snapping a two-day decline, as President Trump extended a ceasefire with Iran. Despite ongoing uncertainty and Iran's seizure of ships, positive earnings reports and strong tech sector performance boosted investor sentiment. The market remains hopeful for a beneficial outcome to the geopolitical situation.

Continue reading at Economic Times

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GLOBAL NEWS | Thu, 23 Apr 2026, 1:24AM IST Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passed through the strait since the war began.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:56AM IST Kashmir's tourism sector is struggling to recover a year after a terror attack, with hotel occupancies significantly lower than previous years. While booking queries are increasing, industry leaders are urging government support and a focus on safety to rebuild traveler confidence and attract visitors back to the valley.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:56AM IST India's real estate sector attracted $5.1 billion in institutional capital during the March quarter, a 72% year-on-year surge. Domestic investors dominated, accounting for 96% of inflows, with developers and REITs leading deployment. This highlights strong confidence in India's property market despite global economic uncertainties.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:56AM IST The Delhi High Court has reinstated a 1,063.74 crore license fee demand against Bharat Hotels. The court also upheld the termination of The LaLit hotel's license. This decision follows a breach of the 1982 license deed. The court stated that the hotel's license was rightly terminated due to fundamental breaches. This ruling impacts taxpayers and upholds constitutional principles.

Continue reading at Economic Times

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INDIA NEWS | Thu, 23 Apr 2026, 12:54AM IST New Delhi: At a time when the political heat is surging in West Bengal, the Enforcement Directorate (ED) is investigating alleged money laundering in a host of cases in the poll-bound state. Cases being investigated under relevant provisions of the Prevention of Money Laundering Act (PMLA) range from corruption to chit fund scams to recruitment scams.The agency claims to have unearthed the role of senior ministers, MLAs and other state functionaries of the ruling Trinamool. ET takes a deep dive into the cases being probed.I-PAC CaseOn April 2, the ED carried out searches at 11 places in Hyderabad, Delhi, Mumbai, Bengaluru, Vijayawada and Ranchi on premises linked to political consultancy firm I-PAC, the residence of its directors and offices of some companies linked with IPAC. The ED claims to have recovered and seized various incriminating materials relating to money laundering, domestic and international hawala.It is alleged that Ramasethu Infrastructure Private Limited, an Andhra Pradesh company, gave I-PAC a loan of 13.50 crore, with most of it still outstanding. "An infrastructure firm lending a large sum to a political consultancy with no apparent business reason is itself suspect. A CA certificate explaining the loan was issued during the ED investigation, which appears to be nothing but a gap-filling instrument," said a senior ED official on condition of anonymity."The repayment made by I-PAC overdrove its own account into overdraft, which a genuinely indebted company would not ordinarily do. No interest or TDS appears to have been charged or paid, which is a classic marker of a bogus loan used to introduce unaccounted money into I-PAC's books," he added. I-PAC has denied the charges.Also Read | Bengal polls: Politicians switch parties here because the system consistently rewards leverage over loyaltyArrest of Vinesh ChandelOn April 13, ED arrested Vinesh Chandel, director of Indian PAC Consulting in connection with an ongoing investigation. Chandel is the founder, director and 33% shareholder of Indian PAC Consulting Pvt Ltd.ED claimed that its probe so far has revealed multiple instances of financial irregularities and various modes of money laundering by Indian PAC Consulting, including receipt of accounted and unaccounted funds, receipt of unsecured loans without any business credentials, issuance of bogus bills and invoices, receipt of funds from third parties, and movement of cash through hawala channels, including international hawala.Recruitment ScandalsIn the alleged recruitment scandals of SSC and primary teachers, the agency claims to have attached/seized total proceeds of crime amounting to 700 crore. The proceeds of crime represent the bribe amount collected from innocent people under the pretext of giving jobs, said another ED official.The agency has made ten arrests in the case so far. These include Partha Chatterjee, the then education minister; Manik Bhattacharya, MLA, TMC; Jiban Krishna Saha, MLA, TMC; Kuntal Ghosh secretary, TMC Youth; Shantanu Banerjee, vice president, TMC Youth and Sujoy Krishna Bhadra, a person alleged to have close ties with the family of West Bengal chief minister, said an ED official. In its orders, the Supreme Court and the Calcutta High Court have held that the alleged scandal in both teaching and non-teaching wings is tainted beyond repair and thus cancelled all appointments of more than 25,000 teachers and staff of the SSC.Also Read | Can Didi hold the fort against Modi and BJPs push in battle for Bengal's soul?Coal ScamIn its PMLA probe, ED claims to have found that the officers of state police and local administration are allegedly involved in facilitating illegal transportation and storage of coal in Bengal in lieu of huge bribes. "Even senior police officers of the level of SP, DIG of Police and District Collector appear to be receiving huge bribes for running this racket. The role of various officials, including the OCs of various police stations, has also surfaced. One such official is Manoranjan Mondal, Officer-in-Charge of the Barabani and Andal police stations, who was previously suspended for his links with the coal syndicate," an ED official told ET.He said Mondal's WhatsApp chats "establish his dealing in large-scale cash running into crores, that he also utilised hawala channels for the benefit of senior officials and using various bank accounts to receive and layer funds from members of the coal syndicate, indulged in extortion of illegal levies, commonly referred to as 'Gunda Tax' (GT) or 'Rangdari Tax' from coal purchasers/traders and transporters".Municipality Recruitment ScamED's PMLA probe claims to have revealed that even the posts of mazdoor, mistri, drivers and safai karamcharis have been sold in lieu of money in various municipalities of West Bengal by various political functionaries of TMC. "An amount of 4-6 lakh was taken for such low wage-earning jobs. Ayan Sil, a middleman was involved in this scam who had manipulated the scores in OMR sheets at the behest of the PEPs," an official told ET.Last October, ED carried out searches on the premises and entities linked to TMC MLA Sujit Bose. Agency sources said ED has issued multiple summons to Bose. Another summon has been issued to him for April 24.ED had also carried out searches on the premises linked to Rathin Ghosh, who holds the portfolio of Ministry of Food and Supplies in the Bengal government. "Searches revealed that digital devices which were in the possession of Rathin Ghosh, had the records of 45 candidates recruited in Madhyamgram Municipality," an agency official said. He has also been summoned by the agency on April 24.Illegal Immigrants Scam"Many Bangladeshis were illegally allowed to settle in West Bengal and no efforts were made to identify them or to send them back to their own country. No efforts were made by the Bengal police to identify their actual citizenship. Instances have surfaced when some Bangladeshis, originally migrated from Pakistan, hid their Pakistan citizenship and obtained identity cards through forged documents," an ED official investigating the case told ET. Last year, ED arrested a Pakistani national Ajad Mallik alias Azad Hussain who was allegedly facilitating Bangladesh nationals in illegally procuring Indian passports on the basis of documents issued by the West Bengal government.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:51AM IST Tesla is boosting its charging and service network across India. The company is adding Supercharger stations on major highways connecting key cities. This expansion aims to connect Delhi, Mumbai, Bengaluru, and Chennai. Home charging is already available in 28 states. Tesla is building a comprehensive charging ecosystem for its customers in India.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:50AM IST Jio Financial Services and Allianz Group from Germany are joining forces in an exciting new insurance initiative. This equal partnership will concentrate on providing general and health insurance products uniquely designed for Indian consumers.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:48AM IST PNB Housing Finance anticipates strong loan portfolio expansion of 18-20 percent this fiscal year. The company aims to reach a significant loan book of one lakh crore rupees by FY27. This growth will be fueled by a strategic focus on affordable and emerging market segments. Recoveries from written-off loans are expected to maintain benign credit costs.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:46AM IST Andhra Pradesh is introducing a new policy to grant power distribution licenses to large data centers. This initiative aims to ensure a consistent and dependable electricity supply for these facilities. Companies meeting specific criteria can build and operate their own internal power distribution systems.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:45AM IST Microdrama platforms are partnering with telecom operators to combat market fragmentation and boost subscriptions. With over 20 apps and significant growth, the sector faces challenges in monetizing through advertising. Telcos aim to replicate successful OTT bundling models to increase ARPU and retention by offering combined data and content packages.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:44AM IST State Bank of India chairman CS Setty foresees artificial intelligence revolutionizing financial markets. AI will enhance risk management and operational efficiency. Institutions like Clearing Corp of India will shift from post-trade processing to pre-emptive risk management. The future demands intelligent scale and agile systems. Cybersecurity and operational resilience remain paramount as markets digitize.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:40AM IST India has allowed blending ethanol and synthetic hydrocarbons into aviation fuel. This move aims to cut emissions and reduce oil imports. While no immediate blending targets are set, India plans to blend 1 percent sustainable aviation fuel into international flights by 2027. This aligns with global efforts to achieve carbon-neutral growth in aviation.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:39AM IST Taiwanese tech giant Asus is expanding its India operations beyond PCs. The company is in discussions with the Indian government and major cloud providers to supply advanced AI compute servers. Asus already has a strong presence in the AI server market and partners with Yotta Data Services.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:38AM IST India is exploring higher ethanol blending in petrol and flex-fuel vehicles. This move aims to reduce reliance on imported oil. Discussions are underway with industry stakeholders. The government is preparing for increased biofuel use in transportation. This initiative seeks to boost domestic biofuel production and consumption.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:20AM IST India is weighing tax cuts on induction cooktops. This aims to boost local manufacturing and make electric cooking more affordable. The government is considering lowering customs duties on components. It also proposes reducing the GST on appliances. These measures address demand-supply challenges and stabilize prices. Quality control orders are being relaxed on a case-to-case basis to ensure raw material supplies.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:18AM IST The government is considering appointing a private sector professional as the next Chairman and Managing Director (CMD) of Bharat Sanchar Nigam Ltd (BSNL). This move aims to fill the leadership vacuum after the previous CMD's exit and follows delays in internal appointments. The decision is expected soon, with an external candidate being explored if suitable internal options are unavailable.

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INDIA MARKET | Thu, 23 Apr 2026, 12:18AM IST Kingsley Coman scored a clinical hat-trick, including a first-half equaliser just two minutes after Al Ahli opened the scoring.

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INDIA MARKET | Thu, 23 Apr 2026, 12:17AM IST FICO shares dropped 13% after Freddie Mac and Fannie Mae announced they will accept mortgages scored by rival VantageScore 4.0. This move aims to reduce homebuyer costs and increase competition in the credit scoring market. The housing giants will begin with a limited rollout to approved lenders.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:15AM IST It is the third time this month, and the fourth in total, that large, well-timed directional bets on the oil price have been made shortly before major announcements on the Iran war. One combined wager in March was worth $500 million, while April's bets have together totalled some $2.1 billion.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:14AM IST India is gearing up for a transformative leap in wind energy, aiming for an impressive 100 gigawatts by 2030 and an ambitious 156 gigawatts by 2036. This initiative reflects the nations commitment to a greener future, as it embarks on a clean energy journey.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:13AM IST Larsen & Toubro's clean energy arm, LTEGL, has secured a long-term agreement with Japan's ITOCHU Corporation to supply 300,000 tonnes of green ammonia annually from its Kandla facility. This deal, building on a prior pact, aims to establish Kandla as a significant export hub for low-carbon fuels. ITOCHU intends to utilize the ammonia for marine fuel applications, particularly in Singapore.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:06AM IST Sterlite Electric is joining forces with RDT Lumiker to produce advanced cable monitoring systems. This move addresses the growing electricity needs of AI and data centers. The new systems will enhance power transmission networks. Utilities can now track asset performance and detect faults in real time. Production will initially be in Spain, with a new facility planned for India.

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INDIA BUSINESS | Thu, 23 Apr 2026, 12:06AM IST India's electronics exports saw a significant 24% rise in the last fiscal year. Smartphones led this growth, with exports climbing nearly 22%. This surge highlights the success of the government's production linked incentive program. Key export destinations included the US, UAE, and China. This performance demonstrates India's growing role as a global manufacturing hub for electronics.

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INDIA MARKET | Thu, 23 Apr 2026, 12:05AM IST Over 57 million voters in Tamil Nadu and 36 million in Bengal head to polls amid tight contests, heavy security, and high-stakes battles across key regions

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GLOBAL NEWS | Wed, 22 Apr 2026, 11:59PM IST Attorney General Letitia James said the cryptocurrency giants were illegally running gambling platforms in the state after they expanded into prediction markets, which are loosely regulated.

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INDIA BUSINESS | Wed, 22 Apr 2026, 11:57PM IST India's crude oil and natural gas production continued to decline in 2025-26 due to ageing fields and a lack of new discoveries, increasing import dependence. Despite policy reforms, limited foreign investment and a perception of policy instability hinder exploration efforts needed to revive domestic output.

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INDIA BUSINESS | Wed, 22 Apr 2026, 11:56PM IST Communications Minister Jyotiraditya Scindia launched updated rules for the Technology Development and Investment Promotion Scheme. This initiative aims to boost India's global telecom standard-setting and promote local technologies. With an outlay of 203 crore for 2026-31, the scheme will support startups, MSMEs, academia, and industry players.

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INDIA BUSINESS | Wed, 22 Apr 2026, 11:55PM IST State-run ONGC has cancelled a tender for jack-up rigs due to concerns over unusual price hikes and bid patterns, suspecting collusive practices. The company observed a nearly 60% increase in day rates within nine months, significantly exceeding market norms. ONGC aims to ensure fair competition and safeguard public funds by upholding procurement integrity.

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INDIA MARKET | Wed, 22 Apr 2026, 11:50PM IST The government has notified online gaming rules mandating user safety features and grievance redressal, with new norms set to come into effect from May 1

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