Business
POLL: Is Andrew Bailey the governor our Bank of England needs right now? | City & Business | Finance

The institute’s economics fellow, Julian Jessop, said: “Today’s better-than-expected UK inflation data show why forecasters and policymakers should pay more attention to monetary aggregates.
“Inflation was widely expected to jump due to higher fuel prices. In fact, it fell, which is consistent with the sharp deceleration in the growth of the money supply over the last year.
“The Bank of England should have hit the pause button on interest rates several meetings ago to assess the full impact of the tight squeeze that is already in place.
“Even if the MPC does decide to hike one more time this week, they should signal that rates are then on hold for a long period – and that the next move is just as likely to be a cut.”
That’s why we’re asking Express readers if Andrew Bailey is the right person to steer the country through this incredibly difficult period.
So what do YOU think? Is Andrew Bailey the governor our Bank of England needs right now? Vote in our poll above and join the debate in the comments below.
Business
IRGC Vows To ‘Kill’ Netanyahu, Trump Seeks Help To Reopen Strait Of Hormuz While Not Being Keen On Ceasefire

Iran War News Live Updates: Trump Attempt To Open Strait of Hormuz
US President Donald Trump called on allied countries to deploy warships to protect shipping in the Strait of Hormuz, and there were no indications on Sunday that the ongoing war would end soon.
“The Countries of the World that receive Oil through the Hormuz Strait must take care of that passage, and we will help — A LOT!” Trump wrote in a social media post on Saturday. “The U.S. will also coordinate with those Countries so that everything goes quickly, smoothly, and well.”
The president said military facilities on the Persian Gulf island had been “obliterated,” adding that he chose not to hit oil infrastructure “for reasons of decency.” He threatened to do just that should Iran “do anything to interfere with the Free and Safe Passage of Ships through the Strait of Hormuz.”
Business
upGrad Signs Term Sheet To Acquire Unacademy In 100% Share-Swap Deal


upGrad has signed a term sheet to acquire Unacademy in a 100% share swap deal.
“Neither side will disclose the valuation until closing, when the papers are filed and the transaction becomes public,” Unacademy founder Gaurav Munjal tweeted on Sunday.
“I will be staying back as Co-Founder and CEO Unacademy – with the Goal to build Great Online Products for Learners in India and Globally,” Munjal added.
upGrad co-founder Ronnie Screwvala said his firm also agreed to a break fee if the deal is not closed. “If this closes. upGrad’s integrated model with an expanded focus from K12 to forever learning will be on a strong trajectory,” Screwvala added.
“We at upGrad have signed a term sheet to acquire Unacademy in an all-stock deal, with Founder and CEO @gauravmunjal staying on to build Unacademy and focus on what it does best, creating online education products that learners love,” he added.
In January, UpGrad had called off a deal to acquire Unacademy at a valuation of around $290 million, citing valuation concerns and various business-related challenges within the Temasek and SoftBank-backed startup, according to sources.
Sources said that UpGrad changed its mind after realising the business of Unacademy is shrinking and there is fierce competition around the offline centre business of the edtech firm, which will require massive investments.
Unacademy and upGrad have signed a term sheet for upGrad to acquire Unacademy in a 100% share swap deal.
Neither side will disclose the valuation until closing, when the papers are filed and the transaction becomes public.
In the last one year, a lot has happened at Unacademy:…
— Gaurav Munjal (@gauravmunjal) March 15, 2026
This coming together will strengthen upGrad’s integrated model, with Unacademy under your leadership focusing on what it does best, building great online products. Looking forward to closing this. And Yes The Whole is Bigger than the Sum of Parts is our firm belief https://t.co/60WulJCIxV
— Ronnie Screwvala (@RonnieScrewvala) March 15, 2026
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Business
Light Rains Bring Relief To City On Sunday Morning, AQI ‘Moderate’


Many areas of the city witnessed light rainfall on Sunday morning, bringing a much-needed respite from the prevailing dry conditions, the IMD said.
The India Meteorological Department (IMD) stated that 5 mm of rainfall was recorded till 8.30 am.
According to the IMD data, Safdarjung and Lodhi Road recorded 0.8 mm rainfall each, while Palam received 0.4 mm. Ayanagar recorded 2.6 mm rainfall and Pitampura 3.5 mm, the highest among the stations.
ALSO READ: Mumbai Mayor Ritu Tawde Responds To Deepika Padukone’s ‘Children Are Choking’ AQI Post
Additionally, Mayur Vihar recorded 1.0 mm rainfall and Janakpuri 0.5 mm, while Ridge reported only a trace of rainfall.
The minimum temperature was recorded at 20.2 degrees Celsius, which is 5.1 notches above the seasonal average, while the maximum temperature is expected to settle around 28 degrees Celsius, the weather office said.
The AQI stood in the ‘moderate’ category at 9 am, with an Air Quality Index (AQI) reading of 190, Central Pollution Control Board (CPCB) data showed.
According to the CPCB, an AQI between zero and 50 is considered ‘good’, 51 to 100 ‘satisfactory’, 101 to 200 ‘moderate’, 201 to 300 ‘poor’, 301 to 400 ‘very poor’, and 401 to 500 ‘severe’.
ALSO READ: Delhi Gasps For Air: AQI Over 200 On Nearly Every Other Day, Winter Peaks Hit 466
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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