Business
Union Budget 2026: SGBs bought from secondary markets to attract capital gains tax, effective April 1
“It is proposed to provide that the exemption from capital gains tax in respect of Sovereign Gold Bonds shall be available only where such bonds are subscribed to by an individual at the time of original issue and are held continuously until redemption on maturity,” FM Sitharaman said in her speech today. “It is also proposed to provide that this exemption applies uniformly to all issuances of Sovereign Gold Bonds by the Reserve Bank of India,” she added.
Commenting on the development, CA Divya Bhanushali, CPO of TaxBuddy.com, said that this change is quite straightforward for the average retail investor. “If you buy Sovereign Gold Bonds directly from the RBI when they’re issued and simply hold them until they mature in eight years, you pay zero tax on your gains – that’s the benefit being protected here,” she said.
According to her, this move comes to differentiate SGBs from trading instruments as the government wants to reward committed investors, not speculators. “SGBs are meant to be a safe, hassle-free alternative to buying physical gold jewelry or coins for your family’s future. By ensuring only patient, buy-and-hold investors get the tax exemption, the policy reinforces that SGBs are about wealth creation through disciplined savings, not quick profits. The uniformity across all RBI issuances also means every investor gets the same fair treatment, regardless of when they invest,” she added.
The provisions of section 70(1)(x) of the Act provide an exemption from capital gains tax on income arising from the redemption of SGBs issued by the RBI under the scheme that was launched in 2015. The SGBs were issued on a recurring basis through multiple series notified from time to time, each constituting a separate issuance.
These amendments will take effect from April 1, 2026, and will apply to the tax year 2026-27 and subsequent tax years.
The SGB prices across maturities fell sharply on the NSE following the announcement.Sovereign Gold Bonds 2.50% April 2028 SR-I 2020-21, plunged 9% and last traded at Rs 15,960 while Sovereign Gold Bonds 2.50% August 2028 SR-V 2020-21 also closed 9% lower.
It is FM Sitharaman’s ninth consecutive Union Budget
This is only the second instance in the history of Independent India, that stock markets will be open for trading. The last time they were open on a Sunday was February 28, 1999 under the Atal Bihari Vajpayee government.
Also Read: Budget 2026: PSU bank stocks plunge up to 6%; Bank of India, BoB lead losses
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
Business
Exclusive-Bahrain cites Patriot interception in March 9 Iranian drone incident

Exclusive-Bahrain cites Patriot interception in March 9 Iranian drone incident
Business
Tom Brady Drafts Rob Gronkowski and Ashton Jeanty
LOS ANGELES — Tom Brady, the seven-time Super Bowl champion now retired, assembled a formidable squad for the inaugural Fanatics Flag Football Classic, drafting longtime teammate Rob Gronkowski, rising star Ashton Jeanty and veteran playmaker Stefon Diggs among others in a star-studded draft held March 19, 2026, at the Waldorf Astoria Beverly Hills.

The event, set for Saturday, March 21, at BMO Stadium in Los Angeles, features three 12-player teams competing in a round-robin tournament followed by a championship game. Brady co-captains Team Founders FFC alongside Philadelphia Eagles quarterback Jalen Hurts, with Denver Broncos coach Sean Payton leading the squad and Robert Saleh serving as defensive specialist.
The draft results, announced Wednesday and widely shared across sports media, highlight Brady’s strategic picks blending NFL talent, former teammates and crossover athletes. His full Team Founders roster includes:
– Tom Brady (QB, retired)
– Jalen Hurts (QB, Philadelphia Eagles)
– Ashton Jeanty (RB, Las Vegas Raiders)
– Alvin Kamara (RB, New Orleans Saints)
– Rob Gronkowski (TE, retired)
– Antoine Winfield Jr. (DB, Tampa Bay Buccaneers)
– DeVonta Smith (WR, Philadelphia Eagles)
– Stefon Diggs (WR, free agent)
– Von Miller (LB, free agent)
– Damar Hamlin (DB, free agent)
– Patrick Peterson (DB, retired)
– Terence Crawford (ATH, boxer)
Brady’s selections emphasize proven winners and versatility. Gronkowski, his frequent target during Super Bowl runs with the New England Patriots and Tampa Bay Buccaneers, reunites for flag football after years of speculation. Jeanty, the dynamic Raiders rookie known for explosive speed, adds youth and athleticism to the backfield alongside Kamara’s elusive style. Diggs and Smith provide elite receiving threats, while defensive standouts like Winfield Jr., Miller, Hamlin and Peterson bolster the back end. Crawford, a boxing champion, brings crossover appeal and physicality as an athlete.
The opposing Wildcats FFC, captained by Washington Commanders quarterback Jayden Daniels and Cincinnati Bengals quarterback Joe Burrow (coached by San Francisco 49ers’ Kyle Shanahan), features a mix of current stars and veterans: Saquon Barkley (RB), Kyle Juszczyk (RB), Odell Beckham Jr. (WR), Davante Adams (WR), DeAndre Hopkins (WR), Derwin James Jr. (DB), Luke Kuechly (LB), Jalen Ramsey (DB), Logan Paul (ATH) and IShowSpeed (ATH).
A third team, the U.S. men’s national flag football squad, rounds out the competition with established flag specialists like QB Darrell “Housh” Doucette III and DB/WR Aamir Brown.
The Fanatics Flag Football Classic, backed by the sports merchandise giant, aims to blend NFL talent with celebrity draw ahead of flag football’s Olympic debut in 2028. The event includes a four-game round-robin starting at 1 p.m. PT Saturday, with the top two teams advancing to the title game. Broadcast details and streaming options are expected via Fanatics platforms and partners.
Brady’s involvement has generated significant buzz, especially after recent verbal exchanges with Logan Paul (on the Wildcats roster), adding a promotional edge. The draft emphasized entertainment and competition, with captains selecting from a pool of NFL players, retired stars and non-football athletes.
Analysts praised Brady’s team for balance: elite quarterbacks, dynamic skill players and veteran defense. Gronkowski’s return alongside his former QB fuels nostalgia, while Jeanty’s inclusion highlights emerging talent. The event tests flag football’s appeal as a faster, less-contact alternative, potentially boosting its visibility.
With rosters locked and the tournament hours away, anticipation builds for on-field matchups featuring future Hall of Famers, current Pro Bowlers and crossover stars. The Fanatics Flag Football Classic could serve as a blueprint for future celebrity-flag events.
Business
India Gold Market Update: Volatility Softens Demand
The World Gold Council is the market development organization for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market. We are a unique organization that delivers tangible benefits to the gold industry. We are an active force within the market, working with a large and diverse set of partners to create access, drive innovation and stimulate demand, while providing a collective voice for our members. We provide insights into the international gold markets, helping people to understand the investment qualities of gold and its role in meeting the social and environmental needs of society. For more information visit www.gold.org.
Business
(VIDEO) Police Bodycam Video Released from Justin Timberlake’s 2024 DWI Arrest
Police body camera footage from Justin Timberlake’s June 2024 drunken driving arrest in the Hamptons was released to the media Friday, March 20, 2026, after an agreement between Sag Harbor officials and the singer’s attorneys allowed redacted portions to be made public.
The video, obtained and published by outlets including TMZ, ABC7 New York and CBS New York, shows Timberlake performing field sobriety tests after being pulled over for allegedly running a stop sign and veering out of his lane. Officers suspected impairment, and the footage captures the 44-year-old singer struggling with tasks requiring him to walk a straight line and stand on one leg.

At one point, Timberlake tells officers, “These are like really hard tests,” and mentions his heart is “racing.” The video also includes moments from his booking at the Sag Harbor Police Department, where he interacts with officers and appears unsteady during balance evaluations. A friend reportedly referenced Timberlake’s *NSYNC background during the encounter, though details remain limited in the released clips.
Timberlake was arrested on June 18, 2024, after police observed erratic driving in Sag Harbor, a village on Long Island’s South Fork. He was charged with driving while intoxicated, a misdemeanor. In a subsequent plea deal, he pleaded guilty to a reduced charge of driving while ability impaired by alcohol, avoiding a trial. The outcome included a $500 fine, 25 hours of community service and a temporary driver’s license suspension.
The release of the footage comes nearly two years after the incident and follows legal negotiations. Timberlake’s attorneys and village officials reached an agreement for redactions to protect privacy and comply with disclosure rules, though the exact nature of the edits has not been detailed publicly. Sag Harbor Police confirmed the video’s authenticity and noted it was released voluntarily under the accord.
The footage has circulated widely online, with clips shared on platforms like YouTube, Instagram, TikTok and X drawing millions of views and comments. Many observers noted Timberlake’s apparent difficulty with the tests, while others criticized the handling of the arrest or questioned the delay in public release. Public reaction has been mixed, with some fans defending the singer and others expressing disappointment over the incident.
Timberlake has not issued a new statement since the plea deal in 2024, when he apologized and said he accepted responsibility. The singer, known for hits with *NSYNC and solo work including “Cry Me a River” and “Mirrors,” has maintained a lower public profile in recent years amid family life and selective performances.
The Sag Harbor case drew national attention due to Timberlake’s celebrity status and the high-profile nature of DWI enforcement in the affluent Hamptons area. No further charges or related incidents have been reported since the plea.
As the bodycam video spreads, it renews focus on celebrity accountability in traffic offenses and the role of police transparency in high-profile cases. The footage serves as a visual record of the arrest that previously relied on police reports and court documents.
Timberlake continues professional commitments, including music and acting projects, though no immediate impact from the released video has been confirmed. The incident remains a notable chapter in his public life as he navigates career and personal matters.
Business
Sunstone Hotel: Locking In Attractive Yields With Its Preferred Stock (NYSE:SHO)
The Investment Doctor is a financial writer, highlighting European small-caps with a 5-7 year investment horizon. He strongly believes a portfolio should consist of a mixture of dividend and growth stocks.
He is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on high-quality ideas in the small-cap space, with emphasis on capital gains and dividend income for continuous cash flow. Features include: two model portfolios – the European Small Cap Ideas portfolio and the European REIT Portfolio, weekly updates, educational content to learn more about the European investing opportunities, and an active chat room to discuss the latest developments of the portfolio holdings. Learn more.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of SHO.PR.I 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 have a long position in SHO.PR.H. No position in SHO’s common stock
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
Under-Display Face ID, Variable Aperture Camera and Record Battery Life Expected
CUPERTINO, Calif. — Apple’s iPhone 18 Pro and iPhone 18 Pro Max are shaping up as major upgrades when they launch in September 2026, with leaks pointing to under-display Face ID, a variable aperture main camera, a record-breaking battery and the A20 Pro chip built on advanced 2nm process technology.

The premium models will debut alongside Apple’s first foldable iPhone in the fall, while the standard iPhone 18 and lower-end variants shift to spring 2027. Production testing for the iPhone 18 Pro series reportedly began in late 2025, with trial manufacturing underway by February 2026, signaling a timeline on track for the traditional September event.
A key highlight is the rumored shift to under-display Face ID, eliminating the Dynamic Island pill on Pro models. Multiple sources, including supply chain reports from South Korea and Chinese leakers like Digital Chat Station, indicate Samsung-supplied LTPO+ OLED panels will embed infrared Face ID sensors beneath the screen. This leaves only a punch-hole front camera (potentially shifted slightly left) visible, creating a cleaner, more seamless display. The redesign could shrink the visible cutout significantly compared to the iPhone 17 series, while maintaining full Face ID functionality and security.
Display sizes are expected to remain similar: around 6.3 inches for the iPhone 18 Pro and 6.9 inches for the Pro Max, with LTPO+ technology enabling higher refresh rates at lower power draw for improved efficiency and battery life.
Camera upgrades dominate speculation. Leaks suggest the 48-megapixel Fusion main sensor gains variable aperture, allowing users to adjust depth of field and light intake dynamically — a first for iPhone — offering greater creative control in photos, especially portraits and low-light shots. The telephoto lens could see a wider aperture than the current f/2.8, enhancing zoom performance and subject isolation. Additional rumors mention refined Camera Control hardware (version 2.0) and potential new color options like deep red, brown, purple or burgundy to refresh the aesthetic.
Battery capacity is another major rumored leap. The iPhone 18 Pro Max could feature a 5,000mAh+ cell — possibly 5,100-5,200mAh depending on SIM configuration — delivering up to 40 hours of usage on a single charge, shattering previous iPhone records. This stems from internal space optimizations, including eSIM-only models in some regions freeing room for larger cells, combined with the power-efficient A20 Pro chip.
The A20 Pro processor, fabricated on a 2nm process (likely by TSMC), promises substantial gains in speed, efficiency and thermal management over the A19 series. Paired with an in-house C2 or N2 modem for improved Wi-Fi, Bluetooth and cellular performance, the chip should enable smoother multitasking, enhanced Apple Intelligence features and longer endurance.
Design remains evolutionary rather than revolutionary. The rear camera plateau and overall form factor are expected to carry over from the iPhone 17 Pro, with minor refinements like a more unified two-tone look or slightly thicker, heavier build for some models. No major redesign is anticipated until a potential 20th-anniversary overhaul in 2027.
Pricing is projected to hold steady at $1,099 for the iPhone 18 Pro and $1,199 for the Pro Max, though global economic factors and component costs could influence final figures. The foldable companion, rumored at around $1,999-$2,399, may reshape perceptions of premium pricing.
As trial production advances and supply chain chatter intensifies, the iPhone 18 Pro series appears poised to deliver meaningful upgrades in photography, battery life and display tech without dramatic overhauls. With the foldable iPhone entering the mix, Apple’s fall 2026 lineup could mark one of its most ambitious in years, balancing familiarity with forward-looking innovation.
Business
Oil Shocks Could Continue to Rattle the Market As Iran War Rages On
Oil Shocks Could Continue to Rattle the Market As Iran War Rages On
Business
United Airlines cuts about 5% of flights as Iran war spikes fuel costs
‘Barron’s Roundtable’ panelists discuss how the Iran conflict and soaring oil prices are impacting global supply chains and fueling inflation fears.
United Airlines is slashing flights as soaring fuel prices tied to the Iran war hit U.S. carriers, becoming the first major U.S. airline to announce a cut to capacity after weeks of industry warnings.
United CEO Scott Kirby said in a staff memo released Friday that the airline will cut about 5% of capacity by trimming less profitable routes. He said the company is preparing for a prolonged period of elevated fuel prices, modeling oil at $175 per barrel and expecting it could remain above $100 through the end of 2027.
“The reality is, jet fuel prices have more than doubled in the last three weeks,” Kirby said in a statement. “If prices stayed at this level, it would mean an extra $11B in annual expense just for jet fuel. For perspective, in United’s best year ever, we made less than $5B.”
Kirby stressed the airline is not panicking and plans to manage the short-term pressure by cutting unprofitable flying while continuing its long-term growth strategy.
ELON MUSK OFFERS TO PAY TSA WORKERS’ SALARIES AMID DHS BUDGET STANDOFF

A United Airlines Boeing 787 Dreamliner arrives at Los Angeles International Airport on March 7, 2026, in Los Angeles, California. (Kevin Carter/Getty Images / Getty Images)
United said the cuts will total about 5 percentage points of its planned capacity, including roughly 3 points from off-peak flying such as midweek and overnight routes, about 1 point from reductions at Chicago O’Hare, and another 1 point tied to suspended service to Tel Aviv and Dubai. The airline expects to restore its full schedule in the fall.
Despite the pullback, Kirby said demand remains strong, noting that the airline has recorded its “10 biggest booked revenue weeks” in its history over the past 10 weeks.
He emphasized that United is not responding to the fuel shock with drastic measures seen in past downturns, such as furloughs or delaying aircraft orders. Instead, the airline plans to continue taking delivery of about 120 new planes this year, including 20 Boeing 787s, with another 130 aircraft due by April 2028, he said.
MAJOR AIRLINE SUSPENDS ABU DHABI FLIGHTS UNTIL END OF YEAR AMID AIRSPACE ‘UNCERTAINTY’

United CEO Scott Kirby said in a staff memo released Friday that the airline will cut about 5% of capacity by trimming less profitable routes. (Al Drago/Bloomberg via Getty Images / Getty Images)
“To be clear, nothing changes about our longer-term plans for aircraft deliveries or total capacity for 2027 and beyond, but there’s no point in burning cash in the near term on flying that just can’t absorb these fuel costs,” he said.
The strategy, Kirby said, is to cut unprofitable flying in the near term while continuing to invest in long-term growth.
Other airlines, meanwhile, have so far stopped short of announcing major flight cuts, underscoring how United is among the first U.S. carriers to move from warnings to action as fuel costs surge.
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Commercial vessels are pictured offshore in Dubai on March 11, 2026. The war with Iran has caused oil prices to soar, impacting U.S. airlines. (AFP via Getty Images / Getty Images)
Delta Air Lines has said it could trim capacity if fuel prices stay elevated, according to Reuters, while other major U.S. carriers have so far relied on fare hikes to offset rising costs.
International carriers have moved faster, with airlines including Qantas, Scandinavian Airlines and Thai Airways raising prices, and Air New Zealand canceling more than 1,000 flights, according to earlier reports.
Business
Buy These 7-13% Yields While The Market Ignores Value
I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon. I provide high-yield, dividend growth investment ideas in the investing group iREIT®+HOYA Capital. The group helps investors achieve dependable monthly income, portfolio diversification, and inflation hedging. It provides investment research on REITs, ETFs, closed-end funds, preferreds, and dividend champions across asset classes. It offers income-focused portfolios targeting dividend yields up to 10%. Learn more.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BXSL, VICI 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 am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.
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
BTS’s Comeback Show Heavy on New Album ‘Arirang’ as Group Delivers Emotional Reunion in Seoul
SEOUL — BTS made a triumphant return to the stage Saturday, March 21, 2026, with their first full-group performance in nearly four years at a free outdoor concert in Gwanghwamun Square, delivering a setlist dominated by tracks from their new fifth studio album *Arirang* and leaving millions of ARMY worldwide emotional in the historic moment.

The one-hour special event, titled *BTS THE COMEBACK LIVE | ARIRANG*, streamed exclusively on Netflix starting at 8 p.m. KST (7 a.m. ET), drew an estimated 260,000 fans to the iconic square in central Seoul — the largest gathering for a K-pop concert in the city. A pre-show drone display lit up the night sky with members’ faces and symbolic imagery, while massive crowds filled security checkpoints from early morning, chanting and waving light sticks in purple.
The show opened with the album’s lead single “Swim,” setting a reflective tone that blended Korean cultural motifs with BTS’s signature introspective lyrics. RM addressed the crowd early, thanking ARMY for their patience during the hiatus caused by mandatory military service. “We’ve been away, but our hearts never left,” he said, drawing cheers that echoed off Gyeongbokgung Palace’s gates.
The setlist leaned heavily into *Arirang*, released just one day earlier on March 20. Of the 14 tracks on the album — including “Body to Body,” “Hooligan,” “Aliens,” “FYA,” “2.0,” “No. 29,” “Merry Go Round,” “NORMAL,” “Like Animals,” “they don’t know ’bout us,” “One More Night,” “Please” and “Into the Sun” — BTS performed at least eight live for the first time. Highlights included the anthemic closer “Into the Sun,” where all seven members — RM, Jin, SUGA, j-hope, Jimin, V and Jung Kook — shared vocal lines in a powerful display of unity, and “Swim,” which featured intricate choreography against the backdrop of Seoul’s historic landmarks.
Fans online described the performance as “heavy on new material” but perfectly balanced, with seamless transitions from fresh songs to beloved classics. The group included brief nods to older hits like “IDOL” and “Fake Love” in medley form, but the focus remained on *Arirang*’s themes of Korean identity, resilience and renewal — a deliberate choice after years of solo endeavors and service.
Jung Kook’s high notes in “Please” and Jimin’s emotive delivery in “Merry Go Round” stood out, while SUGA and j-hope brought rap intensity to “Hooligan” and “FYA.” V’s soulful verses in “Like Animals” and Jin’s stable vocals anchored the harmonies. The members appeared energized, with minimal signs of RM’s recent ankle injury (he wore supportive gear but moved freely).

The concert marked BTS’s first group stage since October 2022, following the completion of military duties by all members in 2025. It served as a prelude to the *Arirang World Tour*, kicking off April 9-12 in Goyang, South Korea, with 82 dates across Asia, North America, Europe, Latin America and Australia planned through 2027.
Netflix’s global livestream captured the electric atmosphere, including fan chants, light stick seas and emotional reactions from ARMY watching remotely. A companion documentary, *BTS: The Return*, premieres March 27 on the platform, offering behind-the-scenes access to the album’s creation in Los Angeles and Seoul.
*Arirang* — BTS’s first full-group release in six years — debuted with massive streaming numbers, topping charts worldwide hours after its March 20 drop at 1 p.m. KST. The title draws from the traditional Korean folk song, symbolizing the group’s roots and journey through challenges.
As the show concluded with fireworks and a heartfelt group bow, RM promised more to come. “This is just the beginning,” he said. “Thank you for waiting. We’ll keep running toward you.”
The event underscored BTS’s enduring global impact, blending cultural pride with universal themes. With the album fresh and tour looming, ARMY worldwide celebrated the start of a new era for the K-pop icons.
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