Business
Govt’s fuel duty cut seen as timely cushion; markets may have passed peak panic: Deven Choksey
Responding to ET Now on whether it is premature to start factoring in earnings downgrades for Indian companies, Choksey suggested that the government’s actions could help soften the blow from global headwinds.
“I guess government should be complimented for acting in time. I guess they did so during the covid times, they are doing this activity of cutting down the excise on fuel at a time when entire world is desperate on other side. By way of cutting down the excise duties, they are ensuring few things. The consumer prices are not increasing, the fuel-related activities, as a result of which the inflationary pressure would remain under control. Though one may argue that on a fiscal deficit side it may have an impact of 35 to 40 bps from what it projected at 4.3, it could possibly go up to 4.7 if the full-year accounts are to be taken into account,” he said.
But suppose if this is a temporary measure, good credit should go to government that in advance time they are taking care of inflationary pressure, making sure that the corporates do not end up losing money and at the same time the consumer demand continues to remain buoyant. So, overall I believe that it is a welcome move, consumer benefits, OMCs benefits,” he added.
Relief for Consumers, Cushion for OMCs
A key question, however, is whether the benefits of the excise duty cut will be directly felt by consumers or primarily serve as a buffer for oil marketing companies (OMCs).
Choksey clarified that the impact is already indirectly benefiting consumers by preventing further price hikes.
“Yes, the point is important that if they are not increasing the price, that means effectively they have passed it on to the consumer. Otherwise, the OMCs have no choice but to increase the prices in the rising crude oil scenario. Now with this excise duty cut coming in their favour, they have a cushion of Rs 10 per litre on petrol and on diesel. They do not pass it on to the consumer and that is the benefit that the consumer gets eventually,” he explained.
Balancing Domestic Needs and Global Opportunities
The government has also raised export duties on petroleum products such as ATF, diesel, and petrol—a move that could potentially impact private refiners. However, Choksey views this as part of a broader balancing strategy.
“Even if it is increase in export duty, the price is still at parity level or slightly at the discounted level compared to the overall global prices. So, government is playing a balancing act according to me. On one side, when the global consumer is willing to pay the price, they are charging the price. On the other side, the domestic consumer should be protected, they are reducing the price. It is a perfect balancing act. Good credit goes to government for this again,” he noted.
Market Outlook: Panic Phase Likely Over
On the broader equity market outlook, Choksey indicated that the worst of the fear-driven selling may be behind us, with markets now awaiting positive triggers—particularly on the geopolitical front.
“The market has possibly completed the panic portion. I believe the fear factor is probably going out at this point of time. Entire market, including the global markets, is waiting for positive news to come on the war. Should it happen, then you will be seeing the upside which is unprecedented. So, in my viewpoint, instead of keeping the fear at the back of mind, I think that things are looking relatively more positive on prospects of war-related situation bringing up some positive news,” he said.
A Tactical Policy Move with Broader Implications
While concerns around fiscal slippage remain, the government’s decision appears to be aimed at preserving macroeconomic stability in the near term. By cushioning fuel prices, policymakers are attempting to protect both consumption and corporate margins—two critical pillars for sustaining economic growth.
For investors, the message seems clear: while global risks persist, domestic policy support and easing panic could provide a constructive backdrop for markets in the months ahead.
Business
Memory panic amid TurboQuant is a buying opportunity in these stocks: BofA

Memory panic amid TurboQuant is a buying opportunity in these stocks: BofA
Business
Los Angeles International Airport (LAX) TSA Wait Time Averaging Around 17 to 21 Minutes
Travelers at Los Angeles International Airport, known as LAX, are experiencing relatively short TSA security wait times Friday, March 27, 2026, with official airport data showing general boarding and TSA PreCheck lanes at 0 to 5 minutes in the Tom Bradley International Terminal as of early morning. While the ongoing partial government shutdown has caused record delays at some major U.S. airports, LAX has largely avoided the severe staffing shortages and multi-hour lines seen elsewhere.

The official flyLAX.com security wait times page reported 0 minutes for both general and PreCheck screening in TBIT early Friday, with similar low figures in recent days. Third-party trackers and traveler reports indicate average standard security waits fluctuating between 8 and 25 minutes depending on the hour, far below the four-hour peaks reported at hubs like Houston, Atlanta and Orlando amid the funding lapse.
LAX officials stated this week that the airport has not seen significant deviations from typical passenger wait times, and no immediate operational changes are expected despite the shutdown affecting roughly 50,000 TSA employees working without pay nationwide. Call-out rates at LAX have remained manageable compared with other facilities experiencing 40% to 50% absenteeism.
**Current Conditions at LAX**
As of late March 27, real-time monitors such as TakeoffTimer and OnAirParking showed standard security waits averaging around 17 to 21 minutes, with peaks near 34 to 36 minutes during early morning hours (4-5 a.m.) and much shorter times in the evening. TSA PreCheck lanes consistently cleared in under 5 to 10 minutes. Terminal-specific data varies slightly across LAX’s nine terminals, but TBIT — the busiest for international flights — has reported the lowest figures.
Recent traveler accounts on Reddit and Instagram confirm the trend: one post from March 26 described PreCheck taking less than 5 minutes at Terminal 1 with regular lines at 10-20 minutes. Multiple users noted breezing through mid-day with CLEAR or PreCheck in under 10 minutes, even during spring break travel.
The airport’s checkpoints open early, and conditions typically improve after the morning rush. Unlike airports deploying ICE agents for crowd management, LAX has relied on its existing staffing and efficient layout to maintain flow.
**Impact of the Partial Government Shutdown**
The funding impasse, now in its sixth week, has left TSA officers without paychecks since mid-February, prompting higher call-outs and more than 480 resignations nationwide. TSA Deputy Administrator Ha Nguyen McNeill warned Congress this week of the longest wait times in the agency’s 24-year history, with some lines exceeding four hours.
LAX has fared better due to factors including strong local management, lower relative call-out rates and high passenger volumes that may encourage consistent staffing. Airport officials emphasized no major disruptions, though they continue monitoring the situation closely. Spring break crowds have added pressure, but security has kept pace without the bottlenecks plaguing other hubs.
**How to Check Live TSA Wait Times at LAX**
Passengers should verify conditions in real time:
– Visit flyLAX.com/wait-times for official terminal-specific estimates, updated frequently.
– Use third-party tools such as TakeoffTimer.com, OnAirParking.com or the MyTSA app for user-reported data and forecasts.
– Check airline apps for gate information and any flight delays.
– Monitor LAX’s social media and the Port of Los Angeles alerts for announcements.
Experts recommend arriving at least two hours before domestic flights and three hours before international departures. Those with TSA PreCheck, CLEAR or airline priority boarding should still benefit from faster lanes, though even standard screening has moved efficiently this week.
**Tips for Smoother Security at LAX**
To minimize time at checkpoints:
– Enroll in TSA PreCheck or Global Entry for expedited screening.
– Prepare liquids in a quart-sized bag, remove laptops and wear slip-on shoes.
– Use mobile boarding passes and avoid prohibited items.
– Consider off-peak travel times when possible, such as mid-morning or evening slots.
– Have snacks, water and entertainment ready in case of unexpected delays.
Travelers without REAL ID-compliant identification can use TSA’s alternative processes, though these may add time. Families, elderly passengers or those needing assistance should request support early.
**Broader Travel Context in 2026**
LAX, one of the world’s busiest airports handling about 74 million passengers annually, serves as a major gateway for domestic, international and connecting flights. Efficient security helps sustain its reputation despite heavy traffic and occasional construction.
The shutdown has highlighted vulnerabilities in federal workforce funding, with TSA warning of potential airport closures if the impasse persists. At LAX, the focus remains on safety and throughput, with redundancy in checkpoints across terminals helping absorb fluctuations.
Nationally, wait times vary widely: some airports report minimal delays while others face chaos. LAX’s performance stands out as a relative success story amid widespread frustration.
**What Travelers Are Saying**
Feedback from recent days is mostly positive, with many praising quick PreCheck experiences and manageable regular lines. Some note that arriving extra early still provides peace of mind, especially for international flights requiring additional processing. Social media users have contrasted LAX favorably with reports from Houston and other strained facilities.
As negotiations to end the shutdown continue, LAX officials urge patience and preparation. Frontline TSA workers continue performing their duties under difficult circumstances, earning appreciation from passengers who recognize the challenges.
**Looking Ahead**
With spring travel in full swing, monitoring tools will remain essential. LAX expects normal operations to continue, supported by its infrastructure and staffing. However, any escalation in the funding situation could change conditions rapidly.
Passengers should build buffers into their plans and check multiple sources before heading to the airport. Parking, rideshare services and the LAX Automated People Mover remain fully operational, though traffic around the facility can add time during peak periods.
For now, on March 27, 2026, most travelers at Los Angeles International Airport are clearing security faster than expected amid a national TSA crunch. The airport’s proactive approach has helped keep lines moving, offering welcome relief for those flying out of one of America’s busiest hubs.
Business
TD Cowen raises Mirum Pharmaceuticals stock price target to $125

TD Cowen raises Mirum Pharmaceuticals stock price target to $125
Business
RenovoRx appoints Dr. Ramtin Agah as executive chairman and updates compensation

RenovoRx appoints Dr. Ramtin Agah as executive chairman and updates compensation
Business
Form DEF 14A Ford Motor For: 27 March

Form DEF 14A Ford Motor For: 27 March
Business
China Pacific Insurance (Group) Co., Ltd. (CHPXF) Q4 2025 Earnings Call Transcript
Shaojun Su
Joint Company Secretary
Good afternoon, ladies and gentlemen. Welcome to the CPIC Group 2025 Annual Results Announcement. I’m Su Shaojun, CPIC Group Board Secretary. It’s my great pleasure to meet you again. Now this year, we are conducting this event in both Shanghai and Hong Kong. It’s a face-to-face opportunity to give you a brief account of our performance last year and listen to your opinions and suggestions to protect the interest of small and medium-sized investors, we also have this event broadcast online. And after the meeting, you can watch the playback on our official website.
Next, I’m going to introduce our managers on the Hong Kong and Shanghai side. On the Hong Kong — on the Shanghai side, we have Mr. Fu Fan, CPIC Group Chairman; and also Mr. Yu Bin, CPIC Group Vice President; and also CPIC Life General Manager, Mr. Li Jinsong. And on the Hong Kong side, we have CPIC Group President, Mr. Zhao Yonggang; and Group Vice President, Mr. Ma Xin; and also Group Vice President, CIO and CFO, Mr. Su Gang; and [ Mr. Chang Hwei ], CPIC P&C General Manager. And our independent directors will also attend this meeting online.
First of all, Mr. Zhao Yonggang will give you account of our performance last year to be followed by a Q&A session. First of all, let’s give the floor to Mr. Zhao.
Business
Comixit signs Disney deal to launch webtoon comics with Mickey Mouse and Frozen
A UK-based start-up is bringing Mickey Mouse and other iconic characters to smartphones after striking a major content deal with The Walt Disney Company, in a bid to reverse declining reading habits among children.
London-founded Comixit has secured rights to adapt more than 100 titles across Disney, Pixar and 20th Century Studios into digital comic strips known as webtoons, a fast-growing format designed specifically for mobile consumption.
The agreement will see globally recognised franchises including Frozen, Ice Age and Moana reimagined as vertically scrolling, episodic comics tailored to younger audiences. The company has already partnered with the The Beano, signalling early traction in the children’s content space.
Comixit was founded in 2025 by entertainment executive Michael Nakan, who said the platform is designed to meet children “where they already are”, on their phones, while turning screen time into a more constructive activity.
“Disney has shaped imaginations for generations,” he said. “Bringing its characters into a modern, mobile-first format allows us to make reading engaging again.”
Webtoons, which originated in South Korea in the early 2000s, are structured for vertical scrolling, allowing users to move through stories frame by frame on a smartphone. The format blends visual storytelling with concise text, making it particularly accessible for younger readers and those less inclined towards traditional books.
Nakan said the idea for Comixit was sparked by declining literacy engagement among children, citing research that suggests only one in three young people aged eight to 18 now enjoy reading in their free time.
The start-up is entering a rapidly expanding market. Industry estimates put the global webtoon sector at around $9 billion in 2024, with projections suggesting it could grow to nearly $100 billion by 2033, potentially surpassing the scale of Japan’s manga industry.
By combining globally recognised intellectual property with a format optimised for mobile devices, Comixit is aiming to capture a share of this growth while addressing a broader cultural challenge around reading and engagement.
The platform uses artificial intelligence to convert traditional comic formats into webtoon-style content, but the company emphasises that all material is reviewed by human editors to ensure quality, accuracy and age-appropriate standards.
Unlike many digital platforms targeting younger audiences, Comixit has deliberately avoided social features such as comments, instead focusing on a curated and moderated environment designed to be safe for children.
The company is also developing tools that will allow users to create their own stories, adding an interactive dimension to the platform and encouraging creativity alongside consumption.
Comixit has attracted backing from prominent figures in film and media, including Harry Potter producer David Barron and Peaky Blinders producer Caryn Mandabach, as well as investor Magnus Rausing.
Nakan’s own background spans both film and television, with experience working alongside director Joe Wright and contributing to major productions such as Game of Thrones and House of Cards during his time at HBO.
The app is already available across the UK, Europe, the Middle East and Africa, with plans to expand into the United States, a key market for both digital content and children’s entertainment.
At its core, Comixit’s strategy reflects a broader shift in how content is consumed and how literacy can be supported in a digital-first world.
By leveraging familiar characters and immersive storytelling, the company is attempting to bridge the gap between entertainment and education, encouraging children to engage with narratives in a format that feels native to their everyday habits.
As traditional reading faces increasing competition from digital media, initiatives like this suggest the future of literacy may lie not in resisting screen time, but in reimagining it.
Business
Novo Nordisk: A Comeback Story In The World’s Fastest-Growing Drug Market (TSX:NOVO:CA)
The Edson Spencer Professor of Strategy and Technological Leadership at the University of Minnesota Carlson School of Management Alfred Marcus’ most recent book, Comeback: Can Great Companies Rise Again is available on Amazon. He is host of the popular New Books Network Podcast On the Cusp: Between Strategy and Ethics. and the author, co-author, or editor of more than 20 books including Strategic for Managing Uncertainty and Demography and the Global Business Environment (with M. Islam) as well as many academic articles
Analyst’s Disclosure: I/we have a beneficial long position in the shares of NOVO:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I also own Lilly.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Chart Of The Day: What Will Oil Stocks Do If Oil Goes Vertical?
Chart Of The Day: What Will Oil Stocks Do If Oil Goes Vertical?
Business
Court Rules Against Elon Musk’s X in High-Profile Advertising Boycott Case
A US federal judge has dismissed a major antitrust lawsuit filed by Elon Musk‘s social media company, X Corp., over allegations that top advertisers boycotted the platform.
The decision marks a significant legal setback for Musk, who has claimed that brands deliberately withheld billions in advertising revenue from X, formerly known as Twitter.
The case, which began in 2024, named the World Federation of Advertisers (WFA) and major companies, including Mars, CVS Health, and Colgate-Palmolive, as defendants.
According to CNBC, X alleged that the advertisers acted together to harm the company financially, even though such a move went against their own business interests.
However, US District Judge Jane Boyle of the Dallas federal court found that X failed to demonstrate it suffered harm under federal antitrust law.
In her ruling, Boyle wrote, “The very nature of the alleged conspiracy does not state an antitrust claim, and the court therefore has no qualm dismissing with prejudice.”
X Claims Billions Lost in Alleged Ad Boycott
The advertisers had argued that X could not prove a coordinated boycott. In court filings, CVS and the other companies maintained that they made independent decisions about where to spend advertising dollars.
They said concerns over X’s brand safety after Musk’s 2022 takeover—during which several employees were fired—led them to choose other platforms, NY Post reported.
These companies stressed that their actions were standard business decisions, not part of a conspiracy.
The lawsuit claimed that the advertisers, through the WFA initiative called the Global Alliance for Responsible Media, collectively withheld “billions of dollars in advertising revenue” from X.
Musk and X argued this harmed their ability to compete, but the judge concluded the complaint did not meet the legal requirements for an antitrust claim.
X and the World Federation of Advertisers have not publicly commented on the ruling. Musk, known for his bold statements on social media, has not yet reacted publicly to this setback.
Originally published on vcpost.com
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