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In a surprising turn, US consumer prices experienced a notable increase, throwing a wrench into expectations of potential interest rate cuts by the Federal Reserve this month. According to data released by the Labor Department on Tuesday, the consumer price index (CPI) surged by 3.2 percent annually in February, marking a significant jump from the previous month's figures. Additionally, the CPI climbed by 0.4 percent in February alone.

The state cabinet of Maharashtra has given its preliminary nod to the acquisition of the Ghatkopar-Versova Mumbai Metro One, which is jointly owned by Reliance Infrastructure Limited (R-Infra) led by Anil Ambani and the Mumbai Metropolitan Region Development Authority (MMRDA). Anil Ambani's stake in the venture has been estimated at ₹4,000 crore.