Today's breaking news

 Breaking News: March 24, 2025

Welcome to today's roundup of significant events from India and around the world. Here are the top stories making headlines:

National News

• Mumbai Comedy Club Vandalized After Satirical Performance: A comedy club in Mumbai was attacked and partially demolished following comedian Kunal Kamra's satirical song about local politician Eknath Shinde, labeling him a "gaddar" (traitor). Approximately 20 Shiv Sena supporters were involved in the incident, leading to multiple arrests, including that of the party's youth faction leader, Rahul Kanal. Authorities have initiated an investigation into Kamra's actions, and the club has temporarily closed. ​The Guardian

• Power Grid Corporation of India Outperforms Market
  

• Shares of Power Grid Corporation of India rose by 3.14% to ₹291.90 on Monday, surpassing the broader market's performance, with the BSE SENSEX Index increasing by 1.40% to 77,984.38. Despite this growth, the stock remains 20.29% below its 52-week high of ₹366.20, achieved on September 25 of the previous year. ​MarketWatch

• Bank of America to Appoint Vikram Sahu as India Country Head: Bank of America Corp is set to appoint Vikram Sahu as the new country executive for its India operations. Sahu, currently the head of global equity research in New York, will succeed Kaku Nakhate, who has led the bank’s India operations for 15 years. Sahu is expected to relocate to India in the second quarter to assume his new role. ​Reuters

International News

• India and US Near Historic Trade Agreement: India and the United States are close to finalizing a bilateral trade deal aimed at preventing imminent US tariffs of up to 12% on key Indian exports. The negotiations have primarily focused on agriculture, a critical and protected sector in India. An agreement could serve as a template for resolving trade disputes with other nations and bolster India's $75 billion export industry. ​The Australian

• Allianz and Bajaj Finserv End 24-Year Partnership: After 24 years of collaboration, Munich-based insurer Allianz and its Indian partner Bajaj Finserv have decided to part ways. Bajaj will acquire Allianz’s stakes in their general and life insurance subsidiaries for $2.83 billion. This move follows India's recent policy change allowing 100% foreign investment in the insurance sector. Allianz may seek new opportunities in India, potentially partnering with Jio Financial Services. ​Financial Times

Economy

• India Seeks to Benefit from US Tariffs on China: Amid escalating trade tensions between the US and China, India aims to attract more manufacturing businesses to its shores. The Trump administration's tariff policies have made operations in China more expensive, presenting an opportunity for India to position itself as an alternative manufacturing hub. ​NPR

Stay tuned for more updates as these stories develop.