Author: NNI Editor
Chinese manufacturers reported an uptick in orders in February as importers rushed to beat higher U.S. tariffs imposed by President Donald Trump, as a Chinese state media report said that Beijing was considering ways to retaliate. Trump earlier imposed a tariff of 10% on imports from China and that will rise to 20% beginning Tuesday. He also ended the “de minimis” loophole that exempted imports worth less than $800 from tariffs, in a blow to companies whose online sales direct to consumers had soared in recent years. The Global Times, a newspaper of China’s ruling Communist Party, said Monday that…
Forex traders said the withdrawal of foreign capital is expected to halt as the latest government data released on Friday showed the country’s economy grew by 6.2% in the October-December quarter. File | Photo Credit: V. V. Krishnan The rupee appreciated 9 paise to 87.28 against the U.S. dollar in early trade on Monday (March 3, 2025) as the American currency index retreated from elevated level and domestic equity markets indicated some recovery after firm macroeconomic data.According to forex traders, withdrawal of foreign capital is expected to halt as the latest government data released on Friday (February 28, 2025) showed…
The rupee settled with a gain of 3 paise at 87.34 (provisional) against the U.S. dollar on Monday (March 3, 2025) amid weakness of the American currency in the overseas market and lower crude oil prices. According to forex traders, investors’ upbeat sentiment was restricted due to volatile domestic equity markets and unabated withdrawal of foreign funds. At the interbank foreign exchange, the rupee opened at 87.36 and moved in a wide range during the session, touching the intraday high of 87.25 and the low of 87.41 against the greenback. The unit ended the session at 87.34 (provisional) against the…
Benchmark BSE Sensex declined by 112 points while Nifty fell for the ninth straight session on Monday (March 3, 2025) following selling in blue-chips HDFC Bank and Reliance Industries.In a see-saw trade, the 30-share BSE benchmark declined by 112.16 points or 0.15% to close at 73,085.94 as 18 of its components advanced and 12 declined.The index opened higher but soon fell to the day’s low of 72,784.54 due to intense selling in large caps. The barometer staged a rebound in the second half amid positive Asian markets and hit a high of 73,649.72 before paring gains to close down. Extending…
Weaving at Rehwa | Photo Credit: Oskar Hallgrimsson On a misty February afternoon, when the mammoth Jaipur Literature Festival was underway in another part of the city, I found designer Tahir Sultan busy working on a textile-based sculpture. We were at the boutique hotel, 28 Kothi, the venue for The Handloom School’s Threads of Tomorrow, a conclave where conversations centred around the world of handloom via fashion and art, as well as its patronage. Sultan’s Narmada in Motion was joined by three other artworks, including Morning Ritual by visual artist Rachana Devidayal. Crafted from Maheshwari silk, Sultan’s sculpture was an experiment in matting textile and structure…
The gamchha can be a handkerchief, scarf, towel, sheet, garment, and even a blanket. The multipurpose chequered fabric synonymous with India’s working class is particularly noticeable in the warm and humid regions of East and Southeast Bangladesh, Bengal, Bihar, Odisha, Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Kerala where it is used to wipe sweat or worn on the head to reduce the effect of heat. The multipurpose chequered fabric is synonymous with India’s working class | Photo Credit: Special Arrangement The utilitarian nature of the textile has been documented through the multimedia exhibition Gamchha: The Extraordinary in the Ordinary…
Representational image only. File | Photo Credit: Reuters Air India on Monday (March 3, 2025) announced expanding its codeshare partnership with All Nippon Airways (ANA) and also shifting its operations in Japan to Haneda airport, which is nearer to Tokyo city. From March 31, 2025, the airline will operate its 4x weekly flights from Delhi to Tokyo’s Haneda Airport (HND), replacing the existing services to Narita International Airport (NRT).“Haneda airport is located 18 km from downtown Tokyo and cuts travel time to Tokyo station from nearly one hour by road (70 km from Narita) to around 30 minutes,” according to…
Minister Sharan Prakash Patil handing over appointment letter to a candidate during the Udyog Mela in Raichur on March 1, 2025. | Photo Credit: SPECIAL ARRANGEMENT The government of Karnataka aims to address the unemployment problem by providing jobs through Udyog Melas. Minister for Medical Education and Skill Development Sharan Prakash Patil announced that one such event will be organised in Kalaburagi on March 28. This will enable unemployed youths of Kalyan Karnataka region to apply for jobs.He made the announcement after inaugurating a Udyog Mela in the auditorium of the University of Agricultural Science (UAS) in Raichur on March…
Paytm said it has received a notice from the ED for the alleged violation of certain FEMA rules by the company and its two subsidiaries. File | Photo Credit: Reuters Shares of Paytm owner One97 Communications on Monday (March 3, 2025) plunged more than 4% after the Enforcement Directorate (ED) has sent a notice to the fintech firm for the alleged violation of certain Foreign Exchange Management Act (FEMA) rules by the company and its two subsidiaries with respect to certain investment transactions. The stock of the company dived 4.39% to ₹683.55 apiece on the National Stock Exchange (NSE). On…
CDEL is the parent company of Coffee Day Group which operates the Cafe Coffee Day chain of coffee houses. File | Photo Credit: Reuters Shares of Coffee Day Enterprises, which owns the Cafe Coffee Day chain, on Monday (March 3, 2025) jumped 20% to hit its upper circuit limit after the National Company Law Appellate Tribunal (NCLAT) set aside the insolvency proceedings against the company.The stock of Coffee Day Enterprises Limited (CDEL) zoomed 19.97% each to ₹25.65 and ₹25.53 apiece — also its 52-week high — on the BSE and National Stock Exchange (NSE), respectively. In the past four consecutive sessions,…