Tesla’s stock plunged 15.4% to $222.15 on Monday, its lowest since October 2023 and the company’s worst single-day drop since September 2020. This decline follows a massive $4 trillion wipeout in US stock markets, driven by fears over President Donald Trump’s economic policies, recession concerns, and rising trade tensions. After reaching $479 per share in December 2024, Tesla’s stock...
March 2025
Despite continued selling by Foreign Institutional Investors (FIIs) and a decline in their Assets Under Custody (AUC) in equities amid market corrections, other investor groups have suffered even greater portfolio losses in percentage terms. Hindu Undivided Families (HUFs) experienced the sharpest drop, with their equity holdings plummeting over 87% since the market peak in September. Brokers and...
The U.S. Secretary of State announced on Monday that most USAID programs would be shut down following a six-week review. "After a six-week evaluation, we are officially canceling 83% of USAID programs," stated Secretary of State Marco Rubio in a post on X. According to Rubio, the cancellation affects 5,200 contracts, which had spent tens of billions of dollars in ways that either failed to serve...
New Zealand PM Christopher Luxon will make an official visit to India from March 16-20, 2025, following an invitation from PM Narendra Modi, the Ministry of External Affairs...
Sun Pharma, India's largest pharmaceutical company by revenue, has announced its acquisition of Nasdaq-listed Checkpoint Therapeutics, a company specializing in immunotherapy and targeted oncology treatments. The deal, valued at up to $355 million, involves an upfront cash payment of $4.10 per share, representing a 66% premium over Checkpoint’s closing price on March 7, 2025. Checkpoint is a...