Top headlines: Russia imposes sanctions on Joe Biden; Zomato lends $150 million to Blinkit

Check all the news stories from Ukraine’s battlefield to Foxconn’s new production unit.

Top stories from Tuesday, March 15:


US agrees with India’s stance on firing of missile into Pakistan says “Nothing but an accident”


It was last week that India let out that it accidentally fired a missile in Pakistan and that the “deeply regrettable” incident had arisen due to a technical malfunction in the course of its basic maintenance. However, now the United States has also asserted there is no evidence that the recent firing of a missile from India was anything other than incidental. Read here

Amazon objects to Reliance Group’s takeover of Big Bazaar stores

Days before hearing in the Supreme Court, which had lent Amazon Inc, Reliance Industries Ltd, and Future Retail Ltd 15 days to adjust a settlement, the US firm on Tuesday put up objections to Future Group’s purported action to transfer and alienate its investments to the Mukesh Dhirubhai Ambani (MDA) group. Read here

Karnataka HC upholds Hijab ban, calls it a “non-essential practice”

Karnataka High Court on Tuesday dismissed various petitions against the ban on Hijab in education institutions. The HC asserted that wearing Hijab is not an essential religious practice of Islam. Read here

Japan imposes sanctions on 17 more Russian individuals, including billionaire Viktor Vekselberg

On Tuesday, March 15, the Japanese Ministry of Finance announced to freeze the assets of an additional 17 Russian individuals. With this, the total number of Russian elites sanctioned by Japan have reached to 61. Read here

Received written guarantee from US on Iran nuclear deal: Russia

On Tuesday, March 15, Russian Foreign Minister Sergei Lavrov said that the US has submitted a guarantee on its ability to trade with Iran. This has been submitted as part of the ongoing talks to salvage the Iran nuclear deal. Read here 

Maersk asks Russian ports to pick up approx 50,000 stranded containers

According to Maersk Chief Executive Soren Skou, the shipping company still has vessels arriving at Russian ports to deliver containers scheduled prior to the invasion of Ukraine started and to pick up roughly 50,000 containers stuck in Russia. Read here 

Foxconn in talks to develop production unit in Saudi Arabia: Report

According to the Wall Street Journal, Foxconn Technology Group is in negotiations with Saudi Arabia about collaborating on the construction of a $9 billion plant that will manufacture microchips, electric-vehicle components, and other electronics. Read here

Russia imposes sanctions on US President Joe Biden & other important officials


Russia sanctioned US President Joe Biden, Secretary of State Antony Blinken, and numerous other top officials on Tuesday. Moscow claimed it had placed the senior officials on a “stop list” that prevented them from entering the country. Read here 

Infosys to consider the final dividend on April 13, post Q4 results

Infosys Ltd. announced today that its board of directors will meet on April 12 and 13 to recommend a final dividend for the current fiscal year (FY22). Read here

Zomato lends $150 million to Blinkit & acquires a 16.66% stake in Mukunda Foods

Zomato Ltd, a food delivery company, announced the purchase of a 16.66 percent stake in Mukunda Foods Pvt Ltd for $5 million on Tuesday. Mukunda Foods is a food robotics company that designs and manufactures small robotic equipment for restaurants to automate food preparation. Read here