Author: NNI Editor

A historic global trade war, a proposed $1.2 trillion European fiscal bazooka and the emergence of China as tech race leader are upending global flows of money, marking a potential turning point for investor capital away from the United States.China unlocked more stimulus on Wednesday and promised greater efforts to cushion the impact of an escalating U.S. trade war. Hours earlier, Germany’s likely next government agreed on the biggest overhaul to fiscal policy since the country’s reunification.In response, German bonds cratered in the most dramatic selloff in decades, as 30-year yields shot up by a quarter of a percentage point…

The programme would screen school children in the age group of 5 and 16 for vision-related issues, and the relevant persons would be given prescription glasses. | Photo Credit: Photo for representation only ZEISS India, part of Carl Zeiss, a German manufacturer of optical systems and optoelectronics, has signed a Memorandum of Understanding (MoU) with the government of Karnataka to improve eye-care in the rural regions of the State.The two-year-long eye care campaign — named Vidya Drishti — would commence in Kalaburagi district. The programme would be executed by Aloka Vision, a social arm of ZEISS, and would screen 5,32,000…

Ola Electric logo. File. | Photo Credit: Reuters Ola Electric, India’s largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle (EV) manufacturer in India to receive incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Component (PLI-Auto Scheme). The company has been granted a total incentive of ₹73.74 crore for the Determined Sales Value of FY 2023-24 under the scheme, according to a stock exchange filing by the company. The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote…

Ballari Thermal Power Station  | Photo Credit: File photo As part of the Energy Department’s plan to increase the capacity of renewable energy, the Karnataka Power Corporation Limited (KPCL) will be setting up ground-mounted solar power projects at its three thermal power stations in the State.  The power projects with a capacity of 100.1 Megawatts (MW) will be set up at Ballari Thermal Power Station (BTPS), Yermarus Thermal Power Station (YTPS) and Raichur Thermal Power Station (RTPS) at an estimated cost of ₹411.4 crore. Tehri Hydro Development Corporation (THDC), which is a public-sector undertaking (PSU) under National Thermal Power Corporation Limited,…

The economy of Jammu and Kashmir is projected to grow at 7.06% in real terms, while the nominal Gross State Domestic Product (GSDP) is expected to rise by 11.19% in 2024-25, according to the Economic Survey Report (ESR) for 2025. The report said that J&K has shown significant progress, with the unemployment rate declining to 6.1% in 2023-24 from 6.7% in 2019-20. Chief Minister Omar Abdullah, who also serves as the Finance Minister, tabled the report in the J&K Assembly on Thursday (March 6, 2025).The report provides an in-depth analysis of the region’s economic performance, development progress, and future outlook, offering valuable…

Shares of Oil marketing companies (OMCs) extended their gains for the fourth consecutive session on Thursday (March 6, 2025) after crude oil prices plunged to six-month lows in the international markets, which boosted investor sentiments.Traders said the OMC stocks gained with crude oil prices hovering below $70 per barrel after OPEC-plus decision to increase output from April, a move which is expected to favour Indian refiners with added marketing margins on retail fuel.The scrip of Hindustan Petroleum Corporation climbed 4.85% to ₹342.30 apiece, Indian Oil jumped 3.68% to ₹126.75 and Bharat Petroleum Corporation advanced 3.24% to ₹264.20 per piece on…

File image used for representative purpose only | Photo Credit: Reuters India’s small engineering goods exporters have urged the government to cut import tariffs on some U.S. goods to try and achieve more favourable trade terms as President Donald Trump prepares to implement new steel and aluminium duties, the head of an industry body said. The 25% U.S. tariffs on steel and aluminium imports, effective March 12, have raised Indian exporters’ concerns about declining orders and rising costs.Also Read:No response from India on Trump tariffs so far”Of India’s $20 billion annual engineering goods exports, nearly $7.5 billion worth of shipments…

Tesla did not immediately respond to a request for comment [File] | Photo Credit: REUTERS U.S. electric carmaker Tesla has signed a lease deal to open its first showroom in Mumbai, as it moves towards a goal to sell imported cars in India, registration papers show, after it dropped similar plans last year.Tesla did not immediately respond to a request for comment.The papers show the company has signed a five-year lease from February 16, 2025, and will pay rent of about $446,000 for the first year for 4,003 square feet (372 square meters), almost the size of a basketball court.The…

A view of Tesla logo at an electric vehicle charging station between Los Angeles and Las Vegas in Baker, California, U.S. | Photo Credit: REUTERS Taxes on cars imported into India are as high as 110%, which Tesla chief Elon Musk has criticised as being among the steepest in the world The United States wants India to eliminate tariffs on car imports under a proposed trade deal between the two nations, but the government is reluctant to immediately bring down such duties to zero even as it considers further cuts, sources told Reuters.India’s high auto tariffs will feature in formal…

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. File photo | Photo Credit: REUTERS Equity benchmarks Sensex and Nifty began the trade on a positive note on Thursday (March 6, 2025) but soon gave up all gains and were trading lower in a volatile trade amid selling in HDFC Bank and Bharti Airtel shares. The 30-share BSE Sensex opened higher by 578.36 points or 0.78 per cent to 74,308.59 in initial trade. The NSE Nifty went up 154 points or 0.68 per cent to 22,491.30. However, both the benchmark indices soon pared their early gains…