India has initiated an anti-dumping investigation into imports of phthalic anhydride, an industrial chemical, from Taiwan, Ministry of Commerce and Industry said. The chemical is a key component used to make plastics and paints. The probe was launched after complaints by several companies alleged that Taiwanese imports of the chemical were being dumped in India at lower-than-normal prices.

International Energy Agency (IEA) released a detailed plan of how it'll undertake largest-ever oil stock release of 400 million barrels amid a global supply disruption. The Americas will contribute the largest amount, at 172.2 million barrels, followed by IEA member countries in Asia Oceania region (66.8 million barrels). Of the planned releases, 72% will be in crude oil form.

Amir Chand Jagdish Kumar (Exports), the processor and exporter of basmati rice under the brand Aeroplane, will launch its ₹440-crore IPO on March 24. The Haryana-based company's public offer will comprise an entirely fresh issue, with no offer-for-sale (OFS) component. The company will finalise IPO share allotment by March 30 and is likely to make market debut on April 2.

Adani Total Gas said it is reducing the price of excess natural gas supplied to certain industrial customers from ₹119.90 per standard cubic metre to ₹82.95 per standard cubic metre. The rate changes come after upstream gas prices softened amid ongoing supply disruptions. The price revision is aimed at passing on the benefit of reduced upstream prices to customers.

Quick home services startup Snabbit is in advanced talks to raise nearly $70 million (₹648 crore) in a fresh funding round from Mirae Asset and Susquehanna International Group (SIG), Moneycontrol reported. The round is expected to value the company at around $400 million (₹3,703 crore). The investment will help the company expand its services platform across more neighbourhood clusters.

DMart-parent Avenue Supermarts on Saturday announced the appointment of Kalpana Unadkat as its new Chairperson. The company's Board of Directors approved the appointment in a meeting on Saturday, Avenue Supermarts said in a letter to BSE. Unadkat will take over from Chandrashekhar Bhave on April 1. "Unadkat brings deep expertise in corporate governance," the company stated.

DGCA temporarily relaxed flight duty norms for long-haul flights operated by Air India until April 30, PTI reported. Earlier, Air India requested a temporary relaxation after being forced to take longer routes due to airspace closure over West Asia war. DGCA extended Flight Duty Period by 1 hour 45 minutes to 11 hours 45 minutes.

Ex-RBI Governor Raghuram Rajan said fears that AI would wipe out white-collar jobs in large numbers were overstated. In a recent piece, Rajan wrote that a scenario circulated by research firm Citrin, predicting AI will end such jobs by 2028, was "surely too pessimistic in some ways". "Frictions to adoption and sheer inertia will slow pace of change," he added.

The ₹597-crore Haryana government funds parked in IDFC First Bank's Chandigarh branch were siphoned off with realtor Vikram Wadhwa and jeweller Rajan Katodia's help. IDFC ex-employees Ribhav Rishi and Abhay Kumar transferred the funds to shell entities before transferring some of them to Katodia, who then falsely recorded gold items' sales. Rishi also used Wadhwa's companies to siphon the funds.

Unacademy and upGrad have signed a term sheet for upGrad to acquire the edtech firm in a 100% share-swap deal. The valuation of the transaction will only be disclosed once the deal closes and filings are completed. Unacademy CEO Gaurav Munjal said he will continue in his position as part of the deal, which also includes a break/termination fee.