India’s government supports the central bank’s aggressive steps to crack down on currency speculation, people familiar with the matter said, suggesting authorities will stick to their approach despite lobbying by lenders to ease the restrictions.

The Ministry of Finance and the Reserve Bank of India are aligned on the strategy on the rupee, the people said, asking not to be identified because the discussions are private.

The Delhi High Court on Thursday gave a final opportunity to former chief minister Arvind Kejriwal, his deputy Manish Sisodia and others to respond to a plea by the Enforcement Directorate to expunge "unwarranted" remarks made against it by the trial court while discharging them in the liquor policy case.

Steel Authority of India Ltd (SAIL) Chairman and Managing Director Amarendu Prakash has resigned from his post, effective April 2, following approval from the steel ministry, a regulatory filing said.

In the interim, company's Director (Personnel) Krishna Kumar Singh has been given additional charge of Chairman and Managing Director for three months from April 2 to July 1.

Marc Pilgrem, managing director and chief executive of JioBlackRock Investment Advisers, will step down and return to BlackRock for a new leadership role, marking a transition at the nascent digital wealth management joint venture between Jio Financial Services and BlackRock.

Pilgrem, who led the initial build-out of the India-focused advisory platform.

US President Donald Trump on Wednesday claimed that Iran’s new leadership had sought a ceasefire, but said Washington would consider it only if the Strait of Hormuz is “open, free, and clear", warning that military action would continue until then.

Trump, in a post on TruthSocial, said: "Iran’s New Regime President, much less Radicalized and far more intelligent than his predecessors, has just asked the United States of America for a CEASEFIRE!

US-based IT firm Oracle has laid off thousands of employees globally, even as it continues to post strong revenue growth. The job cuts come as the company spends heavily on artificial intelligence (AI) infrastructure and large data centre projects, putting pressure on its cash flow.

On Tuesday, the company laid off around 2,500 employees in India, with another round of job cuts expected within a month.

What is your "deep-rooted agenda", an irate Supreme Court asked a petitioner on Wednesday while dismissing his plea related to the preliminary investigation report on the Air India plane crash in Ahmedabad last June.

A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi also refused to accept the petitioner's contention that authorities be directed to treat his plea as a representation.

A bill seeking to recognise Amaravati as the sole and permanent capital of Andhra Pradesh was passed by the Lok Sabha on Wednesday, with the Congress, the BJP as well as the TDP expressing support for it.

The bill, which will scuttle any future bid to alter the decision of making Amaravati the sole and permanent capital, was passed in the Lok Sabha by a voice vote.

Prices of commercial LPG were hiked by ₹195.50 on Wednesday, on back of surge in global oil prices linked to the widening West Asia conflict.

A 19-kg commercial LPG now costs ₹2,078.50 in Delhi, according to state-owned oil companies.

Rates were last increased by ₹114.5 per 19-kg cylinder on March 1.

Asian shares were sharply higher Wednesday after US stocks soared to their best day since last spring on renewed hopes that the Iran war could soon end.

South Korea's Kospi surged 5.2 per cent to 5,312.45 in early trading, while Tokyo's Nikkei 225 rose 3.5 per cent to 52,840.67.

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