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CURRENT AFFAIRS: BANKING & FINANCE
SoftBank-backed Juspay raises $60M to accelerate AI development
- Juspay, a payment technology company, has raised $60 million in a Series D funding round led by Kedaara Capital.
- The round includes both primary and secondary investments, with SoftBank and Accel also participating.
- This is Juspay’s first new funding round since December 2021, when it raised $60 million in Series C from SoftBank Vision Fund 2, with a valuation of $460 million.
- While reports suggest the company might reach unicorn status, Juspay has not disclosed its current valuation.
Key Highlights :
- The fresh funds will be used to boost artificial intelligence capabilities for improving workforce productivity and the merchant experience.
- The funding comes amid Juspay losing major partners like Paytm, PhonePe, Cashfree, and Razorpay as a third-party orchestration provider.
- Founded in 2012, Juspay offers full-stack orchestration, checkout experiences, 3DS authentication, tokenisation, unified analytics, and real-time payments infrastructure.
- The company claims to handle 200 million+ daily transactions with 99.999% reliability, reaching over $900 billion in annual processed volume.
- Juspay has expanded beyond India to Asia-Pacific, Latin America, Europe, the UK, and North America.
- In FY24, Juspay’s revenue grew 49.6% to ₹319.32 crore from ₹213.39 crore in FY23, while net losses fell 7.8% to ₹97.54 crore.
About Juspay:
- Juspay is a Bengaluru-based fintech company specializing in payment orchestration solutions for enterprises and banks.
- Founded in 2012 by Vimal Kumar and Ramanathan RV, Juspay has developed a suite of products aimed at simplifying digital payments and enhancing user experiences.
Piramal Finance gets registered as NBFC-Investment and Credit Company without accepting public deposits
- Piramal Enterprises announced that the Reserve Bank of India under Section 45 IA of the Reserve Bank of India Act, 1934, on 4 April 2025, has granted a Certificate of Registration (CoR) to Piramal Finance (PFL) (Formerly known as Piramal Capital & Housing Finance), a wholly-owned subsidiary of the Company, to commence its business of Non-banking Financial Institution- Investment and Credit Company (NBFC-ICC) without accepting public deposits.
- With the receipt of the stated CoR, PFL will stop conducting its business as a Housing Finance Company (HFC) and has accordingly surrendered the HFC Certificate of Registration.
About CoR:
- A Certificate of Registration (CoR), also known as a company registration certificate or certificate of incorporation, is a formal document that proves a company’s official registration with the Registrar of Companies, confirming its legal existence and compliance with relevant laws.
About Piramal Capital and Housing Finance:
- Founded: 11 April 1984
- Founder: Rajesh Wadhawan
- Headquarters: Mumbai, Maharashtra, India
CURRENT AFFAIRS: NATIONAL NEWS
Indian Prime Minister Narendra ModI Participate in Global Spiritual Event – Navkar Mahamantra Divas 2025
- Prime Minister Narendra Modi will participate in the Navkar Mahamantra Divas at Vigyan Bhawan, New Delhi.
- This significant spiritual event is organized by the Jain International Trade Organization (JITO) and is scheduled on the eve of Mahavir Jayanti.
- The event aims to promote universal peace, unity, non-violence, and spiritual awakening.
- This global observance will see participation from over 108 countries and more than 1.08 crore devotees, who will collectively chant the Navkar Mahamantra, Jainism’s most revered spiritual chant.
- The initiative emphasizes ethical reflection, inner transformation, and collective harmony. The event will be simultaneously conducted at 6,000+ locations across India and abroad.
About Navkar Mahamantra
- The Navkar Mahamantra is the most sacred mantra in Jainism. It offers homage to five categories of enlightened beings: Arihants, Siddhas, Acharyas, Upadhyayas, and all Sadhus.
- The chant signifies spiritual enlightenment, humility, and truth-seeking, upholding the Jain tenets of non-violence (Ahimsa) and ethical living.
About Mahavir Jayanti and Lord Mahavir
- Mahavir Jayanti commemorates the birth of Lord Mahavir, the 24th Tirthankara of Jainism. Born in 615 BC as Vardhamana in a royal family, he renounced worldly life at the age of 30 in pursuit of truth and liberation.
- After 12 years of deep penance, he attained Kevala Jnana (perfect knowledge).
- Lord Mahavir’s teachings—centered around Ahimsa Parmo Dharma (Non-violence is the supreme religion)—continue to inspire ethical conduct, compassion, and peaceful coexistence in today’s world.
Phishing Up 175%: India’s New Cyber Report Flags BFSI Sector Vulnerabilities
- India launched its first-ever Digital Threat Report 2024 to strengthen cybersecurity in the BFSI (Banking, Financial Services, and Insurance) sector.
- The report is a joint initiative by MeitY, CERT-In, CSIRT-Fin, and global cybersecurity firm SISA.
Key Highlights:
- With digital payments expected to reach $3.1 trillion by 2028, the BFSI sector is experiencing increased cyber risks.
- The report highlights the expanding attack surface due to rapid digitization.
- It analyzes existing and emerging cyber threats and offers strategies for defense and resilience.
- CERT-In and CSIRT-Fin are playing a key role in incident mitigation and stakeholder collaboration.
- The report notes a 175% rise in phishing attacks in 2024 compared to 2023.
- Cloud-based exploits are increasingly used by attackers to infiltrate systems.
- Cybercriminals are leveraging AI technologies, such as deepfakes and impersonation, to bypass security.
- Key attack vectors include phishing, credential theft, social engineering, and supply chain vulnerabilities.
- Ransomware attacks are targeting managed file transfer services like MOVEit and GoAnywhere.
- The report recommends measures such as multi-factor authentication, network segmentation, software updates, and log monitoring.
- Institutions are advised to use application whitelisting and virtual patching for legacy systems.
- There is a strong emphasis on early detection, rapid response, and cross-sector collaboration.
- The report aims to empower financial institutions to build long-term cyber resilience and stay ahead of evolving threats.
India’s Tele Mental Health Helpline Hits 2 Million Calls, Strengthened by New App
- As of April 1, 2025, 36 States and Union Territories have established 53 Tele MANAS Cells across India.
- Tele MANAS offers 24×7 mental health services in 20 Indian languages to cater to regional preferences.
- Over 05 lakh calls have been received through the Tele MANAS helpline, highlighting its nationwide reach.
Key Highlights:
- NTMHP was launched on October 10, 2022, as a digital extension of the District Mental Health Programme (DMHP).
- The helpline operates through the toll-free number 14416, providing accessible mental health counseling.
- On World Mental Health Day 2024, the Tele MANAS Mobile Application was launched for broader digital support.
- The mobile app offers assistance ranging from general well-being to severe mental disorders.
- The government has allocated over ₹230 crore over the last three years to support NTMHP operations and growth.
- A dedicated Tele-MANAS Cell at AFMC Pune has been set up for the Armed Forces and their dependents.
- Mental health services are being integrated into Ayushman Arogya Mandirs, covering over 75 lakh SHCs and PHCs.
- The District Mental Health Programme (DMHP) is currently functional in 767 districts across India.
- DMHP offers services like early detection, treatment, counseling, psycho-social support, outreach, and ambulance facilities at the district, community, and primary health center levels.
Pradhan Mantri Mudra Yojana Achieves ₹32.6 Lakh Crore Credit Milestone in 10 Years
- In April 2025, the Pradhan Mantri Mudra Yojana (PMMY) completed a remarkable journey of 10 years.
- Launched on April 8, 2015, PMMY aims to provide institutional finance to non-corporate, non-farm micro and small enterprises.
- Over 52 crore loans have been sanctioned, amounting to ₹32.61 lakh crore.
Key Highlights:
- The average loan size increased from ₹38,000 (FY16) to ₹1.02 lakh (FY25).
- MSME lending rose from ₹8.51 lakh crore (FY14) to ₹27.25 lakh crore (FY24) and is projected to exceed ₹30 lakh crore in FY25.
- MSME credit’s share in total bank credit increased from 15.8% (FY14) to nearly 20% (FY24).
- Women constitute 68% of all beneficiaries; average loan per woman rose at a 13% CAGR to ₹62,679.
- Incremental deposits by women grew at a 14% CAGR to ₹95,269.
- 50% of Mudra accounts are held by SC, ST, and OBC entrepreneurs; 11% by minorities, reflecting improved financial inclusion.
- Kishor loans (₹50,000–₹5 lakh) grew from 5.9% (FY16) to 44.7% (FY25); Tarun loans (₹5 lakh–₹10 lakh) also saw rising demand.
- A new Tarun Plus category (₹10–₹20 lakh) was introduced to support larger micro-enterprises.
- Loan disbursal under PMMY rose by 36% in FY23.
- Top five states by disbursal: Tamil Nadu (₹3.23 lakh cr), UP (₹3.14 lakh cr), Karnataka (₹3.02 lakh cr), West Bengal (₹2.82 lakh cr), Bihar (₹2.81 lakh cr).
- Jammu and Kashmir leads among UTs with ₹45,815.92 crore sanctioned over 21 lakh accounts.
- The scheme supports sectors such as manufacturing, trading, services, and processing, employing nearly 10 crore people, making it the second-largest employment generator after agriculture.
- The IMF has consistently acknowledged PMMY for expanding financial access, supporting women-led businesses, and promoting formalisation of the economy in reports from 2017 to 2024.
CURRENT AFFAIRS: INTERNATIONAL NEWS
Hungary withdraws from the International Criminal Court (ICC)
- The Hungarian government announced its decision to withdraw from the International Criminal Court (ICC), as confirmed by Gergely Gulyás, Minister in charge of the Prime Minister’s Office.
- Gulyás stated the termination procedure would be initiated in line with Hungary’s constitutional and international legal framework.
- He described the ICC as a “respectable initiative” that had become a “political body”, citing the indictment of Israeli Prime Minister Benjamin Netanyahu as a key reason.
- Hungary declared it would no longer participate in the ICC’s work due to perceived political bias.
- The announcement came just before Prime Minister Viktor Orbán received Benjamin Netanyahu in Budapest.
- Netanyahu had been invited in November 2024, following the ICC’s issuance of an arrest warrant for him over allegations of using starvation as a weapon of war in Gaza.
- Hungary called the ICC decision absurd and shameful and stated it would ignore it both in principle and in practice.
- The ICC suspects Netanyahu of crimes against humanity, including murder, persecution, and inhumane acts, such as starvation of civilians.
- Israel challenged the ICC’s jurisdiction, but the court dismissed the challenge.
- Hungary will be the only EU member state not to be part of the ICC.
- Withdrawal takes one year after notifying UN Secretary General António Guterres, and requires a parliamentary decision.
About Hungary:
- Capital: Budapest
- Currency: Hungarian Forint (HUF)
- President: Tamás Sulyok
- Prime Minister: Viktor Orbán
About ICC:
- The International Criminal Court (ICC) is a permanent international tribunal located in The Hague, Netherlands.
- It was established in 2002 through the Rome Statute to prosecute individuals for genocide, crimes against humanity, war crimes, and the crime of aggression.
- The ICC is independent of the United Nations, though it collaborates with the UN in certain situations.
- As of now, 124 countries are members of the Rome Statute, but major global powers like the United States, China, India, and Russia are not members.
CURRENT AFFAIRS: STATE NEWS
Delhi government to sign Memorandum of Understanding (MoU) with Centre to launch Ayushman Bharat scheme
- Delhi became the 35th State/UT to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) after the National Health Authority (NHA) of the Union Ministry of Health and Family Welfare (MoHFW) entered into a Memorandum of Understanding (MoU) with the Department of Health & Family Welfare, Government of NCT, Delhi.
- The scheme offers annual health coverage of ₹10 lakh per eligible family — ₹5 lakh from the Centre and an additional ₹5 lakh from the Delhi government as a top-up.
- The decision was finalized during a meeting chaired by CM Rekha Gupta and attended by cabinet ministers and senior health department officials.
- The scheme covers 1,961 medical procedures, including costs related to medicines, diagnostics, hospitalisation, ICU care, and surgeries.
- So far, 91 hospitals have been empanelled — 46 private, 34 Delhi government-run, and 11 Centre-run
About Ayushman Bharat PM-JAY:
- Ayushman Bharat PM-JAY, launched on 23rd September 2018, has been a game-changer in healthcare, mainly for the millions of poor and vulnerable families across the country.
- The implementation of AB PM-JAY, all senior citizens aged 70 years and above, irrespective of their socio-economic status, will be covered under Ayushman Vay Vandana Yojana which provides Rs 5 lakh free health cover to all senior citizens of the age 70 years and above irrespective of their socio-economic status.
Recent News:
- In March 2025, Delhi Health Minister Pankaj Kumar Singh inaugurated six mobile dental clinics to provide free oral healthcare services to residents.
- Launched in collaboration with Maulana Azad Institute of Dental Sciences (MAIDS), these mobile units are fitted with state-of-the-art dental equipment.
About Delhi:
- Chief Minister: Rekha Gupta
- Lieutenant Governor: Vinai Kumar Saxena
- Capital: New Delhi
- Wildlife Sanctuaries: Asola Bhatti Wildlife Sanctuary, Yamuna Biodiversity Park, Aravalli Biodiversity Park
Mizoram Government Plans To Develop Thenzawl Town As ‘Peace City’: Chief Minister Lalduhoma
- Mizoram Chief Minister Lalduhoma announced plans to develop Thenzawl, a census town in Serchhip district, into a ‘peace city’ (Muanna Khawpui) capable of housing around 10 lakh people.
- Speaking at a conference of the Vantawng group of the Young Mizo Association (YMA) at Buangpui village, Lalduhoma stated discussions on the ambitious project have already been held with Prime Minister Narendra Modi and the 16th Finance Commission.
- Located about 90 km from Aizawl, Thenzawl is a hub for Mizo handloom industries and a well-known tourist destination, featuring Vantawng Falls — Mizoram’s highest waterfall — a deer park, and the state’s only golf course.
- The chief minister also announced plans to develop a ropeway at Vantawng Falls to enhance tourism in the region.
Recent News:
- Mizoram Foundation Day is observed annually on February 20 to commemorate the northeastern state’s attainment of statehood in 1987.
About Mizoram:
- Capital: Aizawl
- Chief Minister: Lalduhoma
- Governor: Vijay Kumar Singh
- National Parks: Murlen National Park
- Wildlife Sanctuaries: Dampa Wildlife Sanctuary, Ngengpui Wildlife Sanctuary, Tawi Wildlife Sanctuary, Lengteng Wildlife Sanctuary, Thorangtlang Wildlife Sanctuary
CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS
Nippon Life India Asset Management appoints Andrew Holland as head of the proposed new asset class
- Nippon Life India Asset Management (NAM) announced it has appointed Andrew Holland as the head of the newly introduced asset class — specialised investment funds (SIF).
- Holland was previously the chief executive officer of Avendus Capital Public Markets Alternate Strategies.
- Before joining Avendus, he served as the chief executive officer of Ambit Investment Advisors, where he played a key role in building one of India’s largest hedge funds, NAM stated in a release.
- Holland will report to Sailesh Raj Bhan, chief investment officer – equity investments.
- NAM is the second asset manager after Axis Mutual Fund to appoint a person to lead the SIF foray.
- Other large fund houses are also expected to follow suit as they eye the first-mover advantage in the emerging segment.
DBS Bank India Strengthens Leadership with Two Key Appointments
- DBS Bank India has made two major leadership appointments to bolster operations and growth in the country.
- Ambuj Chandna has been named Managing Director & Head of the Consumer Banking Group, replacing Prashant Joshi.
- Chandna has 25+ years of experience and previously served as President & Head of Consumer Assets at Kotak Mahindra Bank.
- At DBS, Chandna will oversee retail banking, wealth management (DBS Treasures), digital banking, and customer acquisition strategies.
- His previous roles include leadership positions at ING Vysya Bank, Fullerton Financial Holdings, and Citibank.
- He holds an MBA from Institute of Management Studies, Indore, and an MSc in Strategic Marketing Leadership from Henley Business School, London.
- This appointment marks one of the first key leadership moves under DBS Bank India CEO Rajat Verma.
- Santanu Mitra has been appointed Managing Director & Country Head for Corporate Banking (Large and Midcap).
- He was previously MD & Head of the Digital Economy Group at DBS Bank Singapore.
- With 20+ years of experience, Mitra played a pivotal role in DBS’s growth across TMT sectors in India, Singapore, and the U.S.
- He led the Digital Economy business launch for DBS in 2020.
- In his new role, Mitra will lead institutional banking operations for large and midcap corporates in India, with a digital-first strategy.
- He is an MBA from IIM Ahmedabad and holds a Tech (Honors) from IIT Kharagpur.
About DBS Bank:
- Founded Year: 1968
- Headquarters: Marina Bay Financial Centre, Singapore
- CEO: Piyush Gupta
- Slogan: “Live more, Bank less”
CURRENT AFFAIRS: DEFENCE NEWS
Ministry of Defence inks contract with Bharat Electronics Limited (BEL), for EW suits & other kits for Mi-17 V5 copters
- The Ministry of Defence has signed a ₹2,385.36 crore contract with Bharat Electronics Limited (BEL), Bengaluru for the acquisition of Electronic Warfare (EW) Suites and aircraft modification kits for Mi-17 V5 helicopters of the Indian Air Force.
- The deal was signed under the Buy (Indian-Indigenously Designed Developed and Manufactured) category on April 07, 2025, in the presence of Defence Secretary Shri Rajesh Kumar Singh in New Delhi.
- The state-of-the-art EW Suite will significantly improve the operational survivability of helicopters in hostile environments.
- A majority of sub-assemblies and parts will be sourced from indigenous manufacturers, promoting Aatmanirbhar Bharat and aligning with the Make-in-India
- The project aims to boost Indian electronics and associated industries, including active participation from MSMEs.
- The suite marks a significant advancement in indigenous EW capabilities, contributing to self-reliance in defence technology.
Recent News:
- As of April 2025, India’s defence sector has achieved a historic milestone in exports, reaching Rs 23,622 crore (US$ 2.76 billion) in FY 2024-25, reflecting a 12.04% rise compared to the previous fiscal year.
About Ministry of Defence:
- Cabinet Minister: Rajnath Singh
- Minister of State (MoS): Ajay Bhatt
Indian Army’s White Tiger Division Proves Air Defence Readiness with OSA-AK Missile Firing Exercise
- On 30 March 2025, the Indian Army’s Air Defence warriors from the White Tiger Division demonstrated their operational readiness during a live missile-firing exercise at the Gopalpur Seawards Firing Ranges.
- The exercise involved the 9K33 Osa-AK missile system, achieving direct hits on all Maneuverable Expandable Aerial Targets (MEAT), showcasing the precision and discipline of the soldiers.
Key Highlights:
- The 9K33 Osa-AK, a Soviet-era, short-range, low-altitude surface-to-air missile system, remains a vital part of India’s air defence arsenal.
- Originally introduced in 1972, the system combines the radar and missile launcher in a single, highly mobile amphibious vehicle, capable of detecting, tracking, and engaging aerial threats independently.
- With a road range of around 500 km, it enables swift redeployment in varied terrain.
- The Corps of Army Air Defence (AAD), established in 1939 and bifurcated from the Regiment of Artillery in 1994, continues to play a key role in securing India’s airspace, especially against threats flying below 5,000 feet.
- The Army Air Defence College (AADC) trains personnel to maintain the highest standards, as reflected in the success of the recent exercise.
- Globally, the Osa-AK remains active in various combat zones.
- Both Russia and Ukraine have deployed versions of this system.
- Notably, in March 2019, Ukrainian forces claimed to have destroyed an Osa-AKM in Donbas.
- In December 2024, Ukraine revealed that some Osa systems were modified to launch air-to-air missiles, adapting to the evolving battlefield.
- The Indian Army’s successful demonstration at Gopalpur reinforces the system’s relevance and highlights the technical capability and preparedness of its forces.
- This commitment to continuous training and operational excellence is vital in today’s complex security landscape.
- Even as the Osa-AK is a legacy system, its effectiveness, mobility, and adaptability ensure it remains a cornerstone of India’s air defence strategy.
Centre Plans Naval Base for Nuclear Submarines Near Vizag, Andhra Pradesh, next year
- India plans to commission its strategic new naval base for nuclear submarines and other warships in coastal Andhra Pradesh next year, with an eye on China’s ever-expanding naval forays into the Indian Ocean Region.
- India is also progressively upgrading the Karwar base in Karnataka on the western seaboard.
- The strategic base located near the small coastal village of Rambilli, about 50km south from the Eastern Naval Command headquarters at Visakhapatnam on the eastern seaboard, has underground pens and a network of tunnels to house nuclear submarines.
- This will enable the submarines to quietly slip into the Bay of Bengal without detection from spy satellites and quickly head towards the critical Malacca Strait and beyond on deterrent patrols.
- The first phase of the Rambilli base under Project Varsha is almost complete. After commissioning in 2026.
Key Highlights :
- Concurrently, India this year will also commission its third nuclear-powered submarine with nuclear-tipped ballistic missiles (called SSBN in naval parlance), INS Aridhaman, with a displacement of 7,000-tonne, to add more teeth to the underwater leg of the country’s nuclear triad.
- Slightly bigger than the first two operational SSBNs, INS Arihant and INS Arighaat, INS Aridhaman will be able to carry more K-4 missiles with a strike range of 3,500km.
- While a fourth submarine is also under construction under the secretive over ₹90,000 crore advanced technology vessel (ATV) project, there is also the plan to eventually build 13,500-tonne SSBNs.
- The eventual plan is for six SSNs, which are armed with non-nuclear missiles and other weapons for conventional warfare.
CURRENT AFFAIRS: MOUS AND AGREEMENT
India-Australia Strengthen Cotton Trade Ties through MoU Between Cotton Association of India and Australian Cotton Shippers Association
- In a major move to boost bilateral cooperation in cotton trade, the Cotton Association of India (CAI) and the Australian Cotton Shippers Association (ACSA) signed a Memorandum of Understanding (MoU), in Mumbai.
Key Highlights
- MoU Signing Parties:
- Atul S Ganatra, President, CAI
- Cliff White, Chair, ACSA
- Main Objectives of the MoU:
- Exchange of ideas and data on cotton production, trade trends, global pricing, and market outlooks
- Strengthening trade ties and improving market access
- Fostering reciprocal support through structured dialogue
ACSA Delegation Activities in India
- Delegation Members:
- Cliff White, CEO Jules Willis, Shay Dhareula, Joel Hatherell, Theodare Immanuel (Austrade), and reps from Olam Agri
- Engagements in India:
- Visited the historic Cotton Exchange building (100+ years old)
- Participated in a seminar on Australian cotton attended by Indian farmers, ginners, brokers, and textile industry reps
- Held Q&A session and discussions with CAI Board of Directors
Importance of the MoU
- Promotes India-Australia collaboration in the cotton sector
- Enhances business relations and supports policy alignment
- Encourages knowledge sharing, technology exchange, and market connectivity.
Supreme Courts of India, Nepal sign Memorandum of Understanding to strengthen judicial cooperation
- The Supreme Courts of India and Nepal signed an MoU on judicial cooperation.
- The MoU was signed in the presence of Chief Justice of Nepal Prakash Man Singh Raut and Chief Justice of India Sanjiv Khanna.
- The event was also attended by Minister of State for Law and Justice Arjun Ram Meghwal, Attorney General R. Venkataramani, Solicitor General Tushar Mehta, Bar Council Chairman Manan Kumar Mishra, Supreme Court Bar Association President Kapil Sibal, and AOR Association President Vipin Nair.
Key Highlights:
- The MoU aims to develop, promote, and strengthen judicial cooperation between the two nations.
- It includes provisions for the exchange of legal and judicial information, exchange visits, training programmes, and academic collaboration.
- The agreement is seen as a step to deepen the historically strong relations between India and Nepal.
- CJI Sanjiv Khanna emphasized that this MoU reflects a centuries-old bond, now renewed with a shared commitment to justice.
- The collaboration will promote regional judicial integrity, institutional comity, and reinforce the rule of law.
- He noted that Indian courts have often drawn inspiration from Nepalese jurisprudence, citing the Navtej Singh Johar LGBTQ+ judgment as one such example.
- The MoU is expected to foster stronger institutional dialogue and mutual learning between the two judicial systems.
CURRENT AFFAIRS: SPORTS NEWS
Max Verstappen Claims First Win of 2025 at Japanese Grand Prix – Red Bull’s Final Race with Honda in Japan
- Max Verstappen secured his first victory of the 2025 Formula 1 season at the Japanese Grand Prix, making it his fourth consecutive win this season.
- The race marked a milestone for Red Bull, being their last race with Honda engine support in Japan.
- Verstappen started from pole position, edging out Lando Norris by just 0.012 seconds in qualifying.
- Despite intense pressure from McLaren’s Lando Norris and Oscar Piastri, Verstappen maintained a start-to-finish lead.
- Strategic tire choices and well-timed pit stops played a vital role in securing the win.
- A pit lane incident involving Verstappen and Norris was investigated by stewards, but no action was taken.
- Verstappen now trails Norris by just one point in the Drivers’ Championship standings.
Top 10 Finishers:
- Max Verstappen (Red Bull) – 1st
- Lando Norris (McLaren) – 2nd
- Oscar Piastri (McLaren) – 3rd
- Charles Leclerc (Ferrari) – 4th
- George Russell (Mercedes) – 5th
- Andrea Kimi Antonelli (Mercedes) – 6th
- Lewis Hamilton (Mercedes) – 7th
- Isack Hadjar (Racing Bulls) – 8th
- Alex Albon (Williams) – 9th
- Oliver Bearman (Haas) – 10th
Jessica Pegula Clinches 2025 Charleston Open Title After Stunning Comeback Against Kenin
- Jessica Pegula claimed her second WTA title of the 2025 season by defeating fellow American Sofia Kenin in straight sets 6-3, 7-5 in the final of the WTA Charleston Open.
Key Highlights
- Pegula’s Second Title of the Season: This marks her second tournament win in 2025, after winning the ATX Open in Austin last month.
- Dramatic Turnaround in Second Set:
- Kenin led 5-1 after breaking Pegula three times.
- Pegula saved three set points in the 8th game.
- She then won six consecutive games to close the match in straight sets.
- Pegula’s Composure vs Kenin’s Errors:
- Kenin, unseeded, crumbled under pressure with a series of unforced errors.
- Pegula’s mental toughness and strategic play turned the tide in her favor.
Daily CA One- Liner: April 9
- Prime Minister Narendra Modi will participate in the Navkar Mahamantra Divas at Vigyan Bhawan, New Delhi.
- Juspay, a Bengaluru-based payment technology company, has raised $60 million in its Series D funding round.
- In a major move to boost bilateral cooperation in cotton trade, the Cotton Association of India (CAI) and the Australian Cotton Shippers Association (ACSA) signed a Memorandum of Understanding (MoU), in Mumbai.
- India launched its first-ever Digital Threat Report 2024 to strengthen cybersecurity in the BFSI (Banking, Financial Services, and Insurance) sector.
- As of April 1, 2025, 36 States and Union Territories have established 53 Tele MANAS Cells across India
- The Supreme Courts of India and Nepal signed an MoU on judicial cooperation
- In April 2025, the Pradhan Mantri Mudra Yojana (PMMY) completed a remarkable journey of 10 years
- Max Verstappen secured his first victory of the 2025 Formula 1 season at the Japanese Grand Prix, making it his fourth consecutive win this season.
- Jessica Pegula claimed her second WTA title of the 2025 season by defeating fellow American Sofia Kenin in straight sets 6-3, 7-5 in the final of the WTA Charleston Open
- Juspay, a payment technology company, has raised $60 million in a Series D funding round led by Kedaara Capital.
- Piramal Enterprises announced that the Reserve Bank of India under Section 45 IA of the Reserve Bank of India Act, 1934, on 4 April 2025, has granted a Certificate of Registration (CoR) to Piramal Finance (PFL) (Formerly known as Piramal Capital & Housing Finance), a wholly-owned subsidiary of the Company, to commence its business of Non-banking Financial Institution- Investment and Credit Company (NBFC-ICC) without accepting public deposits.
- The Hungarian government announced its decision to withdraw from the International Criminal Court (ICC), as confirmed by Gergely Gulyás, Minister in charge of the Prime Minister’s Office.
- Delhi became the 35th State/UT to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) after the National Health Authority (NHA) of the Union Ministry of Health and Family Welfare (MoHFW) entered into a Memorandum of Understanding (MoU) with the Department of Health & Family Welfare, Government of NCT, Delhi.
- Mizoram Chief Minister Lalduhoma announced plans to develop Thenzawl, a census town in Serchhip district, into a ‘peace city’ (Muanna Khawpui) capable of housing around 10 lakh people.
- Nippon Life India Asset Management (NAM) announced it has appointed Andrew Holland as the head of the newly introduced asset class — specialised investment funds (SIF).
- DBS Bank India has made two major leadership appointments to bolster operations and growth in the country.
- The Ministry of Defence has signed a ₹2,385.36 crore contract with Bharat Electronics Limited (BEL), Bengaluru for the acquisition of Electronic Warfare (EW) Suites and aircraft modification kits for Mi-17 V5 helicopters of the Indian Air Force.
- On 30 March 2025, the Indian Army’s Air Defence warriors from the White Tiger Division demonstrated their operational readiness during a live missile-firing exercise at the Gopalpur Seawards Firing Ranges.
- India plans to commission its strategic new naval base for nuclear submarines and other warships in coastal Andhra Pradesh next year, with an eye on China’s ever-expanding naval forays into the Indian Ocean Region.
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