On the corporate side, Vedanta Ltd has approached the Supreme Court to challenge Adani Group’s resolution plan for Jaiprakash Associates, intensifying the legal dispute. Meanwhile, former HDFC Bank chairman Atanu Chakraborty revealed that his departure was motivated by concerns regarding “values” and “ethics.”
Domestically, India approved ₹7,100 crore in electronics investments, including its inaugural rare earth magnets facility, aiming to enhance local production. In Haryana, the police presence outside Kotak Mahindra Bank and AU Small Finance Bank branches is tied to an investigation into alleged irregularities in municipal funds.
Back in India, the rupee gained strength against the US dollar following the Reserve Bank of India’s unwinding of arbitrage positions. The markets are on track for one of their weakest years in a decade, barring the pandemic, but historical trends indicate the possibility of a recovery.
Here are the top 10 stories shaping business and policy today.
Trump claims US is interested in ‘taking the oil’ from Iran, could easily seize Kharg Island
United States President Donald Trump remarked that the US could take over Iranian oil assets, including the vital export point of Kharg Island, as tensions heighten amid the ongoing conflict with Israel.
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Iran warns Gulf nations to prevent US strikes from their land or face retaliation
Iran’s security chief Ali Larijani issued a warning to West Asian nations on Saturday, urging them to stop the US from launching attacks on Iran from their bases, stating that Tehran would respond directly if they failed to do so.
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ALSO READ: Pakistan prepares to host peace talks as Iran accuses the US of planning ground assaults
Brent crude prices on track for record monthly rises, re-testing pre-war highs on Monday
Crude oil prices opened higher on Monday, March 30, in early Asian trading, positioning themselves for a record monthly increase.
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Markets in FY26: Poised for worst returns in a decade excluding COVID, but history suggests optimism
The financial year 2026 is expected to yield the poorest market returns in a decade, excluding the year impacted by COVID. However, historical data shows that markets have never dropped for two consecutive financial years in the last 22 years, indicating a possible recovery on the horizon.
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Rupee appreciates by 1.4% against the US dollar
The Indian rupee strengthened sharply on Monday (March 30), rising by 1.22 paise to trade at 93.59 per dollar compared to Friday’s closing rate of 94.81, as banks began to unwind arbitrage positions per the latest directive from the Reserve Bank of India.
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ALSO READ: Rupee rises, then falls as dollar demand counteracts RBI-driven unwinding
Exclusive | Atanu Chakraborty speaks on HDFC exit, citing values and ethics as central issues
Twelve days post his unexpected resignation, Atanu Chakraborty explained that his choice to leave HDFC Bank was primarily due to concerns surrounding “values” and “ethics,” though he refrained from detailing specific incidents leading to his departure.
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Also Read: Atanu Chakraborty Exclusive | Top 10 insights on the HDFC Bank exit, governance challenges, and more
Also watch: ‘We should not dig wells after there is fire’: Atanu Chakraborty addresses governance failures at HDFC Bank
India approves ₹7,100 crore in electronics investments and grants permission for first rare earth magnets facility
India has sanctioned investments amounting to ₹7,100 crore under its Electronics Components Manufacturing Scheme on Monday, March 30, as it aims to bolster domestic capabilities in critical areas of the electronics supply chain.
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ALSO READ: Vaishnaw cautions against PLI freeze, highlights weak progress in the electronics sector
Vedanta approaches Supreme Court for a stay on Adani’s Jaypee resolution plan
Mining giant Vedanta Ltd has sought intervention from the Supreme Court of India to halt Adani Group’s resolution plan for Jaiprakash Associates Ltd, escalating the legal dispute over one of India’s notable insolvency matters.
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Haryana police at Kotak and AU Small Finance Bank branches; Kotak pays ₹120 crore in Municipal Corporation case
Haryana police were stationed outside branches of AU Small Finance Bank and Kotak Mahindra Bank in Panchkula on Monday (March 30) morning, reportedly linked to a state probe into alleged unauthorized transactions in government accounts held at both banks.
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Tamil Nadu elections: TVK candidates list announced, chief Vijay to contest from Perambur and Trichy East
TVK leader Vijay unveiled his party’s candidates for all 234 Assembly constituencies in Tamil Nadu for the forthcoming elections on April 23, making his electoral debut from two constituencies, including Perambur in Chennai, recognized as a DMK bastion.
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We’ll see you on Wednesday with another intriguing ‘Top 10@10’
