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HC seeks RBI, Govt reply on UPI fraud safeguards

Economictimes.indiatimes.com 

The Delhi High Court has asked the Finance Ministry, Reserve Bank of India, and National Payments Corporation of India for their response. This comes after a public interest plea highlighted a surge in digital payment frauds, particularly on UPI platforms. The court is being urged to direct financial institutions to implement better fraud prevention and recovery mechanisms for victims.

India's oil purchases ensure global energy security: Russia claims India-US understanding on crude import volumes

Economictimes.indiatimes.com 

India's oil purchases from Russia are continuing. The Russian foreign ministry stated these imports ensure global energy security. India's decisions are based on national interests and commercial feasibility. Reports suggest India will maintain minimum Russian crude oil imports. This approach aligns with the US view on maintaining global energy stability. Moscow has no information about India halting these purchases.

Klarna shares crashed 26% after $26 million Q4 loss — here’s what spooked buy now, pay later investors

Economictimes.indiatimes.com 

Klarna shares crashed 26% after $26 million Q4 loss. One year ago, it earned $40 million profit. Revenue hit $1.08 billion — a record high. But Wall Street expected near-zero losses. Q1 revenue guidance missed analyst targets. GMV growth is slowing. New installment loans hurt short-term profits. Morgan Stanley cut its price target. Lock-up expiration threatens more selling. BNPL stock outlook remains uncertain.

What's making some movie makers nervous about March?

Economictimes.indiatimes.com 

Several upcoming films have been postponed to avoid clashing with the March 19 release of two major Bollywood productions, Dhurandhar 2 and Toxic. These highly anticipated movies, starring Ranveer Singh and Yash respectively, are expected to draw massive audiences, potentially impacting other releases.

Word of the Day: Susurration

Economictimes.indiatimes.com 

Discover the word 'susurration', a beautiful term for soft, whispering sounds. It captures the gentle rustle of leaves or quiet murmurs. This word adds depth to language, creating atmosphere in stories and nature writing. It reminds us that subtle sounds hold significance. Experience the world through its quietest noises.

Ola Electric to cut store network to 550

Economictimes.indiatimes.com 

Ola Electric is significantly cutting its physical store count to around 550 by March-end. This move follows a sharp drop in market share and operational difficulties. The company is undergoing a structural reset to fix fundamentals and achieve a sustainable steady state. This strategic shift impacts its retail footprint and operating model as it navigates a challenging market.

U.S. trade deficit remains high in 2025, despite Trump’s tariff policy - The Washington Post

Google.com 

  1. U.S. trade deficit remains high in 2025, despite Trump’s tariff policy  The Washington Post
  2. In 2025, Trade Deficit in Goods Reached Record High  The New York Times
  3. U.S. trade deficit totaled $901 billion in 2025 despite Trump's tariffs  CNBC
  4. Trump touts decline in US trade deficit despite meager decrease  The Hill
  5. US trade deficit hits fresh high despite Trump's tariffs  BBC

Discount for Russia's Urals crude oil is deepest since 2023, data shows

Economictimes.indiatimes.com 

Russian Urals oil faces its largest discount in three years from Baltic ports. Western sanctions are the cause. This impacts Russia's budget significantly. Oil and gas revenue has fallen. Urals oil prices are dropping. Exports to India have declined. Rising freight costs also affect pricing. This situation is developing.

Supreme Court: NCLT needn’t probe debt default at plea stage

Economictimes.indiatimes.com 

The Supreme Court has clarified insolvency proceedings. The National Company Law Tribunal only needs to confirm a debt default to admit a case. It does not need to examine if the company can pay. This ruling upholds the admission of Hiranmaye Energy into insolvency. REC's plea was accepted for ₹218 crore dues.

Golf tees off a new course for capital edge, mass connect

Economictimes.indiatimes.com 

Golf in India is transforming from an elite sport to an accessible, commercially viable venture with significant corporate investment. Two new leagues, the Indian Golf Premier League and 72 The League, launched in 2025, attracting major backing and aiming to build integrated golf communities in smaller cities.

MPs approve €2.13bn HIO budget amid Gesy concerns

Cyprus Mail 

MPs on Thursday passed the 2026 budget for the Health Insurance Organisation (HIO) but still grumbled about the state of public healthcare. The HIO is the agency administering Gesy – the national, single-payer healthcare system. For this year, the HIO’s budget is balanced at €2.13 billion. Cash reserves as at January 1 came to €652 […]