Author: NNI Editor
Representational file image. | Photo Credit: Reuters The rupee recovered from steep losses and settled with a gain of 10 paise at 87.21 (provisional) against the U.S. dollar on Tuesday (March 11, 2025) as the American currency index fell to its four-month low level and crude oil prices also stayed subdued. A volatile trend in domestic equity markets and outflow of foreign capital amid fear of recession in the U.S. and trade-related uncertainties restricted the recovery in the local currency, forex traders said. At the interbank foreign exchange, the rupee opened at 87.37 and touched the day’s low of 87.39…
Representational image of a pilot walking towards her aircraft | Photo Credit: Getty Images/iStockphoto India will need 30,000 pilots in the next 15-20 years as domestic airlines have more than 1,700 planes on order as they expand their network, Civil Aviation Minister K. Rammohan Naidu said on Tuesday (March 11, 2025). Asserting that the ministry is working with a collective approach for the aviation industry, he also said that officials are verifying various aspects of 38 Flying Training Organisations (FTOs) and these organisations will be rated. ALSO READ: Why are pilots asking for more rest hours? | Explained The Minister…
Andy HomeWhile financial markets gyrate to the uncertain beat of U.S. President Donald Trump’s unpredictable tariffs, physical copper traders are reaping the rewards of the turmoil.The threat of U.S. tariffs on copper imports has opened up a once-in-a-lifetime opportunity for those in the business of shifting physical metal around the globe.The CME copper contract is now trading at a significant premium to the London Metal Exchange (LME) contract , opening up a massive import arbitrage opportunity.There is an ongoing scramble to ship physical copper to the United States to beat the tariff deadline with knock-on impacts on global trading patterns.While…
Japanese suitors face a heightened chance of U.S. targets baking in hefty termination fees to protect against a deal collapsing due to regulatory or political reasons, following Nippon Steel’s stranded $14.9 billion bid for U.S. Steel.A reputation for reliability has long given Japanese firms almost a bye when so-called reverse break-up fees are broached in M&A talks, yet an increasingly protectionist U.S. has left deals at the mercy of national security and fluid trade policy.Nippon Steel is challenging the U.S. decision, taken under the administration of President Joe Biden, to block its purchase of U.S. Steel citing security concerns. If…
Mike DolanThe European Union’s latest joint borrowing plan is likely just a fraction of what will be needed to defend the continent, causing some to ask whether the dawn of defence bonds will be the next big expansion of EU-wide borrowing.For global investors seeking to rebalance their investment portfolios beyond an increasingly isolationist United States, development of a liquid AAA-rated supranational sovereign debt pool in Europe is now intriguing.Further development of joint EU borrowing beyond the novel post-pandemic “Next Generation” recovery funds–earmarked to be just over 800 billion euros ($866.88 billion) in total–would push the size of this pool far…
Tesla’s stock has dropped by nearly half in three months. Even so, investors are still debating whether Elon Musk’s electric-vehicle maker remains overpriced.The company’s market capitalisation has dropped 45% since hitting an all-time high of $1.5 trillion on December 17, erasing most of the gains the stock made after CEO Musk helped finance the election of U.S. President Donald Trump.And yet Tesla continues to fetch a valuation far above those of the world’s biggest automotive and technology firms, judging by standard financial metrics. That’s because most investors and analysts have bought Mr. Musk’s pitch that the world’s most-valuable automaker isn’t…
An illuminated signboard of IndusInd Bank is seen outside one of its branches, in New Delhi. File | Photo Credit: Reuters Falling for the fifth straight day, shares of IndusInd Bank tanked 23% in the morning trade on Tuesday (March 11, 2025) after the private sector lender reported some discrepancies in its derivatives portfolio. On the BSE, the stock of IndusInd Bank slumped 22.8% to hit the lower circuit at ₹695.25 per piece, also its 52-week low. The scrip of the company plummeted 21.67% to hit a 52-week low of ₹705.35 apiece, on the National Stock Exchange (NSE). The stock emerged as the…
Image used for representational purpose. | Photo Credit: Reuters The rupee turned almost flat and gained 1 paisa to 87.30 against the U.S. dollar in early trade on Tuesday (March 11, 2025) on the back of weaker American currency and lower level of crude oil prices.However, volatile domestic equity markets amid fear of recession in the U.S. and trade-related uncertainties impacted investor sentiment adversely, forex traders said.At the interbank foreign exchange, the rupee opened at 87.37, slipped to 87.39 and then slightly strengthened to 87.30 against the greenback in early deals, registering a gain of 1 paisa from its previous…
The deployment will see electric four-wheelers on-boarded onto the Uber platform across Chennai, Hyderabad, Bengaluru, and Mumbai [File] | Photo Credit: REUTERS Uber on Tuesday (March 11, 2025) partnered with Refex Green Mobility to deploy 1,000 electric vehicles (EVs) across key cities in India by 2026 to cater to the growing preference for sustainable mobility choices in cities. This collaboration is in line with the U.S.-based mobility company’s vision of 100% emission-free rides by 2040.The deployment will see electric four-wheelers on-boarded onto the Uber platform across Chennai, Hyderabad, Bengaluru, and Mumbai.Refex Green Mobility Limited is a wholly owned subsidiary of…
A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty slumped in early trade on Tuesday (March 11, 2025) amid weak trends in the U.S. markets and heavy selling in blue-chip stock Infosys. The 30-share BSE Sensex plunged 346.23 points or 0.47% to 73,768.94 in the morning trade. The Nifty of NSE declined 124.80 points or 0.56% to 22,335.50. From the 30 Sensex companies, IndusInd, Infosys, Mahindra & Mahindra, Zomato, Bajaj Finserv, UltraTech Cement, Tech Mahindra, Adani Ports, Tata Steel, Kotak Mahindra Bank and HDFC…