Author: NNI Editor

Tesla CEO Elon Musk meets Prime Minister Narendra Modi, in Washington, D.C., U.S. File. | Photo Credit: @narendramodi via X/via REUTERS The United States wants India to eliminate tariffs on car imports under a proposed trade deal between the two nations, but New Delhi 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 talks for a bilateral trade deal that are yet to begin, said one of the three sources, all of whom were briefed on the matter, paving the way for American…

Zoho’s platform-first approach would eliminate common implementation bottlenecks by offering deeply integrated applications, low-code extensibility and AI-powered automation, says Mani Vembu. | Photo Credit: Special Arrangement SaaS (Software as a Service) has picked up better in India than it has in the U.S, said Mani Vembu, the new CEO of tech firm Zoho.The company was currently in the process of replicating its success in India across Europe, West Asia, Asia Pacific and in other geographies, he said while addressing a media conference here on Wednesday.Zoho, which started as a business software and applications provider for small entrepreneurs, is now shaping…

Collins Aerospace, a part of RTX Corporation a Virginia-based aerospace and defence conglomerate, opened its new engineering development and test centre (EDTC) in Bengaluru.The company said the new facility would streamline product development, testing, and certification of components locally, bringing aerospace technologies to market faster.Initially, the EDTC would support Collins Aerospace, including its avionics, advanced structures, interiors, and power and controls businesses. However, in the future, the facility would expand to serve all RTX businesses, supporting a broader range of aerospace and defence applications and allowing for shared innovation across the company’s diverse product portfolio, said company officials at a media…

A man walks near the bronze statue of a bull outside the BSE in Mumbai. File | Photo Credit: AP Benchmark BSE Sensex surged by 740 points while Nifty snapped a 10-day losing streak on Wednesday (March 5, 2025) following value buying in utilities and power shares and a strong trend in global markets. The 30-share BSE Sensex surged by 740.30 points or 1.01% to close at 73,730.23. The index jumped 943.87 points or 1.29% to hit an intra-day high of 73,933.80.Cutting short its record 10-day falling streak, the broader Nifty of NSE rebounded by 254.65 points or 1.15% to…

At the interbank foreign exchange, the rupee witnessed high volatility. File. | Photo Credit: Reuters The rupee appreciated by 19 paise to close at 87.00 (provisional) against the U.S. dollar on Wednesday (March 5, 2025) on sharp pullback in domestic equities, a weak American currency and a decline in crude oil prices. Forex traders said U.S. President Donald Trump’s tariff escalation has set off a chain reaction in global markets, sending the dollar into a downward spiral. At the interbank foreign exchange, the rupee witnessed high volatility. It opened at 87.18 then touched the intraday high of 86.93 and the…

Mike DolanThis week’s steep dollar plunge may be more remarkable than it appears on first glance because the greenback has failed to respond positively to intensifying global political and market stress, suggesting a profound shift in market behaviour may be afoot.One could argue that the dollar has simply been tracking U.S. interest rate expectations and debt yields lower over the past week. Both have been spooked by warnings of a rare contraction of the once bulletproof U.S. economy.But this was also a period in which Washington initiated its long-threatened trade war, undermining regional North American allies while also backing away…

Mexico’s targeting by U.S. President Donald Trump’s tariffs has put its economy at risk of a recession with a regional free-trade deal in limbo, experts say.What are the implications for Mexico, which is under heavy pressure from Washington to tackle drug trafficking, and how could it respond?What are Mexico’s options?Mexican President Claudia Sheinbaum said her government would retaliate against Trump’s 25-percent duties with unspecified tariff and non-tariff measures of its own.At the same time, she left the door open for dialogue, saying: “We don’t want to enter a trade war.”The leftwing leader said her government would give details of its…

China set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit exports.Beijing also announced a rare hike in fiscal funding, allowing its budget deficit to reach four percent this year as it battles stuttering employment for young people, stubbornly low consumer demand and a persistent property sector debt crisis.The headline growth figure announced by Premier Li Qiang at an annual Communist Party conclave was broadly in line with an AFP survey of analysts, although experts say it is ambitious…

Image used for representational purpose. | Photo Credit: Reuters Number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6% last year to 85,698, according to Knight Frank.Global property consultant Knight Frank on Wednesday (March 5, 2025) released its ‘The Wealth Report 2025’, which estimated the HNWI population in India at 85,698 in 2024, as against 80,686 in the preceding year.The number is expected to rise to 93,753 by 2028, reflecting India’s expanding wealth landscape, the consultant said.The increasing trend of HNIW population highlights the country’s strong long-term economic growth, increasing investment opportunities, and evolving luxury…

German defence companies seeking more capacity as Europe prepares to raise military spending are eyeing the ailing car industry, the first sign of a shift that could help revive the continent’s biggest economy after two years of contraction.Manufacturers of tanks, radar and weapons are aiming to ramp up production as Europe responds to U.S. pressure to take care of its own defences. Carmakers, for decades Germany’s economic powerhouse, are meanwhile cutting jobs and shutting plants amid slowing demand and a creaking electric vehicle transition.Rheinmetall, Europe’s top ammunition maker, said last week it would repurpose two plants currently turning out automotive…