Overview

ED arrests Bangladeshi hawala racket kingpin operating from Kolkata

ED arrests Bangladeshi hawala racket kingpin operating from Kolkata

The Enforcement Directorate (ED) has arrested a Bangladeshi citizen who was not only residing in Kolkata after possessing fake Indian identity documents, including a passport, but also was operating a hawala racket from his residence.

The arrested person has been identified as Azad Mullick, the owner of Mullick Trading Corporation. He was arrested late Tuesday night at his residence near Netaji Subhas Chandra Bose International Airport, which is located on the northern outskirts of Kolkata.

Sources said the investigating officials of the Central agency have tracked that the arrested had transferred Rs 2.62 crore last year from India to Bangladesh using the Hawala route.

He will be presented at a special court of the Prevention of Money Laundering Act (PMLA) in Kolkata on Wednesday. He was booked under Sections 3 and 4 of the PMLA.

India’s CPI inflation to average 4.3 pc this fiscal: Crisil

India’s CPI inflation to average 4.3 pc this fiscal: Crisil

A Crisil report on Wednesday projected India's CPI inflation to average 4.3 per cent this fiscal (FY26) -- with food, fuel and core inflation at 4.6 per cent, 2.5 per cent and 4.2 per cent, respectively.

This fiscal, “we expect food inflation to remain under control given the healthy rabi sowing, soft global food prices and the expected above-normal monsoon,” said the report.

The high base of last year will provide a downward (statistical) push to food inflation. The Indian Meteorological Department has forecast an above-normal monsoon for this fiscal, which should benefit the kharif crop.

“We expect non-food inflation to remain in the comfort zone with expectations of benign global commodity prices,” said the Crisil report.

Tennis: Paolini, Navarro move into Stuttgart second round

Tennis: Paolini, Navarro move into Stuttgart second round

Jasmine Paolini and Emma Navarro lived up to their seeded billing at the Porsche Tennis Grand Prix on Tuesday evening, quickly picking up first-round wins at the WTA 500 indoor-clay event in Stuttgart, Germany.

No. 5 seed Paolini of Italy needed only 1 hour and 4 minutes to dismiss Eva Lys 6-2, 6-1 amd moved a a step closer to matching her quarterfinal run from last year, WTA reports.

Paolini won a whopping 73 percent of points returning the Lys first serve, and the Italian was rewarded with a 6-for-8 break point conversion success rate. She improved to 2-0 against Lys (4-0 in sets).

World No. 6 Paolini will take on a German wild card for a second match in a row when she meets Jule Niemeier in the second round.

Kalki on balancing motherhood, career: There’s a lot of pressure to do it all

Kalki on balancing motherhood, career: There’s a lot of pressure to do it all

Actress Kalki Koechlin has talked about the pressures working moms face to balance career and family, often managing both professional duties and household responsibilities. She also spoke about the need for shared parenting and greater awareness of gender roles at home.

Asked as a working mother, how does she balance the emotional needs of her child with the demands of her career, especially in a world that still puts pressure on women to do it all?

Kalki told, “Yeah, there’s a lot of pressure to do it all. And the thing is, sometimes I can choose to be a supermom and do it all—there are days when I do just that.”

The actress said that she would wake up "at 6 A.M., take the dogs for a walk, prepare the oats and almond pancake her daughter loves for her school tiffin, send her off on the bus, get on a flight, and work all day."

4 Pakistanis among 11 dead in Libya boat capsize incident

4 Pakistanis among 11 dead in Libya boat capsize incident

Four Pakistanis were among the 11 dead in a Libya boat capsize incident, Pakistan’s Foreign Office confirmed.

The bodies of at least four Pakistani nationals were among the 11 recovered off the Harawa shoreline near Sirte in eastern Libya after a boat carrying foreign migrants overturned.

Pakistan’s Prime Minister, Shehbaz Sharif expressed grief over the loss of lives, vowing to take strict action against those responsible for luring citizens into the death traps.

PM Shehbaz Sharif has directed the Pakistan Mission in Tripoli and the Foreign Office to work with the local authorities to retrieve the remains of the deceased Pakistani nationals.

India’s organic food exports register 35 pc jump, to cross $665 million in FY25

India’s organic food exports register 35 pc jump, to cross $665 million in FY25

India’s export of organic food products registered a robust 35 per cent increase to $665.96 million (around Rs 5,700 crore) during the financial year ended on March 31, 2025 compared to the corresponding figure of $494.80 million in 2023-24, according to the latest data released by the government.

In volume terms, the export of organic food goods, including cereals, tea, spices, medicinal plants, oilseeds and processed foods, went up by 41 per cent to 0.37 million tonnes (MT) in 2024-25 from 0.26 million tonnes in 2023-24.

The government said the upward trend shows rising global demand for Indian organic food products. The US is a major destination for Indian organic exports, while the EU, Canada, and UK are also important markets.

Shooting: Suruchi stuns Manu to win back-to-back World Cup gold

Shooting: Suruchi stuns Manu to win back-to-back World Cup gold

The Jhajjar girls Suruchi and Manu Bhaker, were on the rampage at the Las Palmas shooting range, the former picking up back-to-back World Cup golds stunning the double Olympic medallist pistol shooter Manu, who took the silver.

Taking aim on competition day one of the year’s second International Shooting Sport Federation (ISSF) World Cup Rifle/Pistol/Shotgun stage, Suruchi tallied 243.6 in the 24-shot 10m air pistol women’s final, to leave her senior double Olympic medal-winning compatriot 1.3 behind in the chase. China’s Yao Qianxun took bronze.

Suruchi and Manu’s 1-2 finish in the women’s air pistol meant that India collected one medal of each colour on the day, with Saurabh Chaudhary earlier winning a bronze in the men’s event. That took them on top of the standings for now, with China, which had won the men’s air pistol gold, in second.

India one of preferred markets with resilient macro conditions: Morgan Stanley

India one of preferred markets with resilient macro conditions: Morgan Stanley

A Morgan Stanley report on Wednesday said that India is one of their preferred equity markets where macro conditions are resilient or sufficiently buffered by stimulus.

According to the global brokerage, in the ‘Brave New World’ dynamic that has been in the driving seat early on in the new US administration, among the larger markets, “we keep our core recommendation of overweight (OW) domestic India, domestic Japan, Singapore and the UAE” among others.

“We update our APxJ/EM Market Allocation framework, as well as our Major 15 APAC/EM market recommendations. In Asia Pacific, our preferred markets remain India and Singapore, while Philippines also moves up to OW given valuation support,” said Morgan Stanley.

“We remain most cautious on Taiwan and New Zealand, while we reduce the underweight on Korea and move to an EW stance on Australia,” it added.

Chronic pain may raise risk of depression by 4x: Study

Chronic pain may raise risk of depression by 4x: Study

People suffering from chronic pain -- or pain that lasts at least three months -- may be up to four times more likely to experience depression, according to a study.

Almost 30 per cent of people worldwide suffer from a chronic pain condition such as low back pain and migraines, and one in three of these patients also report co-existing pain conditions.

The study published in the journal Science Advances shows that having chronic pain in multiple parts of the body was linked to a greater risk of depression than having pain at a single site.

"Pain isn't only physical," said Dustin Scheinost, Associate Professor of radiology and biomedical imaging at Yale School of Medicine (YSM).

India's exports of goods and services up 2.65 pc at $73.6 billion in March

India's exports of goods and services up 2.65 pc at $73.6 billion in March

India’s total exports (merchandise and services combined) saw a 2.65 per cent annual growth at $73.61 billion in the month of March, the Ministry of Commerce and Industry data showed on Wednesday.

Total imports (merchandise and services) for March 2025 is estimated at $77.23 billion, registering a positive growth of 4.90 per cent.

Major drivers of merchandise exports growth in FY 2024-25 (April-March) include coffee, tobacco, electronic goods, rice, jute manufacturing, including floor covering, meat, dairy and poultry products, tea, carpet, plastic and linoleum, RMG of all textiles, drugs and pharmaceuticals, cereal preparations and miscellaneous processed items, mica, coal and other ores, minerals including processed minerals, engineering goods and fruits and vegetables.

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