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Asian stocks today: Market trades in green lifted by tech equities; Nikkei nears 2% gains while yen suffers

Asian stocks began the week on a positive note, following Wall Street’s gains on Monday, as tech stocks drove investor’s sentiments and currency markets grappled with volitality, with Japan’s yen sliding to record lows.In Japan, Nikkei added 973 points or 1.97% to reach 50,480 at 8:40 AM IST. South Korea’s Kospi also inched 1.88% to…

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New insurance rules open fresh merger, listing routes

MUMBAI: The amendment to insurance laws is expected to trigger a fresh round of consolidation and deal-making in the sector, alongside new capital inflows following govt’s decision to permit 100% foreign direct investment.Apart from opening the door to higher foreign ownership, the new bill seeks to widen consolidation options by allowing insurance companies to amalgamate…

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From March 1, Air India to stop non-stops to San Francisco from Mumbai, Bengaluru

BENGALURU: Air India will discontinue non-stop San Francisco services from Bengaluru and Mumbai from March 1, citing aircraft deployment challenges and higher costs due to airspace restrictions. The move has triggered confusion and concern among passengers from the two cities who have made bookings, particularly for travel beyond Feb 28.The Tatas-owned airline will, however, scale…

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India’s retail shines while US malls struggle; surge driven by consumer demand and investor confidence: Report

India is emerging as a rare bright spot in retail at a time when shopping malls across Western economies are facing sustained closures, according to real estate consultancy firm Anarock.Since 2020, the US has recorded a net shutdown of nearly 1,200 mall stores, with rising vacancy levels pushing almost 40 per cent of empty malls…

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In a first, NHAI deploys HQ officers for inspection of highways

NEW DELHI: The National Highways Authority of India (NHAI), in a first-of-its-kind exercise, has sent around 60 officers from its headquarters across the country for inspections of operation and maintenance of around highway stretches and to evaluate the “general look, feel and comfort” from the perspective of users.The officials have been directed to mandatorily feed…

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India–New Zealand should push to double bilateral trade in five years; focus on tariff cuts, sectoral ties: GTRI report

India and New Zealand should aim to double their bilateral trade in the next five years, accordint to think tank GTRI. The organization recommends reducing import duties and strengthening partnerships in agriculture, while also calling for more direct flights and easier visa rules. These recommendations came on Sunday as both nations prepare to finalize a…

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