Overview

US conducts 22 airstrikes against Houthis in Yemen

US conducts 22 airstrikes against Houthis in Yemen

The US military conducted 22 airstrikes targeting several Houthi sites across northern Yemen on Tuesday, the Houthi-run al-Masirah TV and residents reported.

The strikes hit areas east and south of the capital Sanaa, the Island of Kamaran in the Red Sea, and areas both north and south of the oil-rich Marib province. No casualties have been reported so far.

Residents described the airstrikes as very powerful and violent.

The latest wave of airstrikes came a day after US airstrikes killed four children and wounded 25 others in Sanaa on Sunday night.

On March 15, the United States resumed airstrikes against the Houthis to deter the group from attacking Israeli ships following the collapse of the Gaza ceasefire deal between Israel and Hamas, news agency reported.

Malls, mainstreets drive 55 pc surge in India’s retail leasing during Jan-March

Malls, mainstreets drive 55 pc surge in India’s retail leasing during Jan-March

Leasing activity in India’s retail sector recorded a robust 55 per cent jump to cross 2.4 million square feet (MSF) in the January-March quarter this year across top eight cities, with both malls and mainstreets contributing to the growth, according to a report released on Tuesday.

Both malls and mainstreets contributed to this growth owing to the commencement of new supply in emerging locations, said the report by Cushman & Wakefield.

The report highlighted that Hyderabad was the frontrunner in terms of leasing volume, contributing 34 per cent (0.8 MSF) of the total leasing activity, with a staggering 106 per cent year-on-year growth.

Mumbai followed closely, accounting for 24 per cent (0.58 MSF) of the total leasing volume and recorded a 259 per cent year-on-year growth, largely owing to the emergence of new high street locations and the addition of new mall supply, the report stated.

Afghan-owned businesses shut in Pak amid mass deportation

Afghan-owned businesses shut in Pak amid mass deportation

As Pakistan intensifies mass deportation of Afghan refugees, the businesses owned by Afghans in the commercial centres of Rawalpindi city and cantonment areas have started to shut down.

As the deadline of March 31 arrived, thousands of Afghan refugees were deported back to Afghanistan, according to local media reports.

The repatriation affected a large number of Afghans who have lived in Pakistan for decades, including many born in Pakistan and have never lived in Afghanistan.

Afghan shopkeepers in Rawalpindi have started selling their goods, locking up their stores, and disappearing, according to the country’s leading daily, The Express Tribune.

Tariff shock indicates 25bps rate cut, RBI stance may turn ‘accommodative’: Report

Tariff shock indicates 25bps rate cut, RBI stance may turn ‘accommodative’: Report

The swift shift in global sentiment, high market volatility and fear of recession amid the US tariff shock indicate a 25bps cut by the Reserve Bank of India (RBI) on April 9, with possible change in stance to “accommodative" to give directional easing bias, a report showed on Tuesday.

The Central Bank began its three-day Monetary Policy Committee (MPC) meeting on Monday.

“The extent to which this global trade war could stretch is unclear. Monetary policy may have to do the heavy lifting in India by being more countercyclical than fiscal this year. Implications for India could stem from both, global financial market disruptions and real sector hit,” said Emkay Global Financial Services in the note.

While there is scope for negotiation and de-escalation, “we think this could be a pivotal turning point for emerging markets (EMs) assets in coming months”.

Study finds 1 in 3,000 people at risk of punctured lung from faulty gene

Study finds 1 in 3,000 people at risk of punctured lung from faulty gene

UK researchers have found that one in 3,000 people could be carrying a defective gene that significantly raises their risk of having a punctured lung.

Punctured lung -- known as pneumothorax -- is caused by an air leak in the lung, resulting in painful lung deflation and shortness of breath.

In a study, encompassing more than 550,000 people, researchers from the University of Cambridge discovered that between one in 2,710 and one in 4,190 individuals carry a particular variant of gene FLCN that raises the risk of Birt-Hogg-Dube syndrome.

Birt-Hogg-Dube syndrome is a rare, inherited disorder characterised by benign skin tumours, lung cysts, and an increased risk of kidney cancer. However, not every case of punctured lung is caused by a fault in the FLCN gene.

MeT office forecasts rain for Tamil Nadu till April 13

MeT office forecasts rain for Tamil Nadu till April 13

The Regional Meteorological Centre (RMC) has forecast rainfall across Tamil Nadu until April 13, citing the formation of a low-pressure area over the Bay of Bengal as the primary cause.

According to B. Amudha, Deputy Director General of the RMC, the low-pressure area formed over the central parts of the southern Bay of Bengal is expected to move northwestward over the southwest Bay of Bengal and gradually shift northwards over the west-central Bay of Bengal.

The Weather Department has also predicted heavy rainfall in some southern and delta districts of Tamil Nadu.

Districts such as Pudukottai, Thanjavur, Tiruvarur, Nagapattinam, and Mayiladuthurai are likely to experience heavy rainfall at isolated locations on Tuesday. Chennai and its suburbs may also receive light rain in some areas.

India ranks 3rd highest-funded fintech startup ecosystem globally in Q1 2025

India ranks 3rd highest-funded fintech startup ecosystem globally in Q1 2025

India secured the third position globally in terms of funding raised for the fintech sector in Q1 2025, following the US and the UK, a report showed on Tuesday.

A majority of the funding in this space has been seen in the late-stage rounds. Late-stage funding witnessed a 47 per cent increase to $227 million in January-March period, compared to $154 million raised in Q4 2024, said the report by Tracxn, a leading market intelligence platform.

The first quarter of this year witnessed a total funding of $366 million. March was the most funded month of the quarter, with $187 million raised, accounting for 51 per cent of the total funds.

The Indian economy faced bearish stock trends, US-imposed tariffs, global trade tensions, and rising inflation discouraging venture capital inflows.

Four of a family killed as SUV plunges into pond in Bihar

Four of a family killed as SUV plunges into pond in Bihar

Four members of a family were killed after their SUV plunged into a pond in Bihar’s Gaya district, officials here said on Tuesday.

The accident occurred near Dakhingaon Bridge under the Wazirganj police station area around midnight.

The deceased have been identified as Shashikant Sharma (43), a well-known farmer from Sahawajpur village, his wife, Rinki Devi (40), and their two sons -- Sumit Anand (17) and Balkrishna (5).

The SHO of Wazirganj police station confirmed the incident. He said the family was returning from a Shraddha Karma ceremony held in Bihar Sharif when tragedy struck.

South Korea logs current account surplus for 22nd month in Feb

South Korea logs current account surplus for 22nd month in Feb

South Korea logged a current account surplus for the 22nd consecutive month in February on rising exports, central bank data showed on Tuesday.

The country's current account surplus reached US$7.18 billion in February, following a $2.94 billion surplus the previous month, according to the data compiled by the Bank of Korea.

It marked the third-largest surplus ever for any February. The country has reported a current account surplus every month since May 2023, reports news agency.

The goods account logged an $8.18 billion surplus in February, marking the 23rd consecutive month of surplus.

The surplus came as exports climbed 3.6 percent on-year to $53.79 billion. Outbound shipment of computers, cars and bio-health items led the upturn, while exports of semiconductors and petroleum products went down in February.

Delhi CM inaugurates water pipeline in Shalimar Bagh, promises road repairs

Delhi CM inaugurates water pipeline in Shalimar Bagh, promises road repairs

Delhi Chief Minister Rekha Gupta on Tuesday inaugurated a new water pipeline in BC East, Shalimar Bagh, to improve the area's water supply.

Addressing residents, CM Gupta said, "Starting today, the water supply from here will begin. You will receive water from 6 a.m. to 8 a.m. and in the evening for about half an hour. There was no evening supply earlier, but now you'll get water twice a day."

In addition to the water supply project, the Chief Minister also announced the commencement of road repairs in the area. "These broken roads here will start repairing from today and will be complete in one month. Today, we have brought material for repairing the central park here, and making it better," she added.

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