Tuesday, March 10
India's AM Green and Japan's Mitsui & Co are exploring a strategic partnership for the energy transition. This collaboration includes potential investments in AM Green's integrated green aluminium platform, aiming to support the world's first fully integrated green aluminium production facility. Discussions also cover offtake agreements for low-carbon aluminium.
India's pension regulator has significantly relaxed exit and withdrawal norms for National Pension System (NPS) non-government subscribers, allowing them to withdraw up to 80% of their pension wealth. The investment horizon has also been extended to age 85 for all categories, offering greater flexibility in retirement planning.
The Indian Rupee hit a record low of 91.07 against the US dollar on Wednesday, pressured by portfolio outflows and stalled trade talks. The Reserve Bank of India intervened to support the currency, which rebounded to around 90.25. This marks the fourth consecutive session of record lows, with the rupee down nearly 1% in five sessions and about 6% year-to-date.
India's pension regulator has significantly relaxed exit and withdrawal norms for National Pension System (NPS) non-government subscribers, allowing them to withdraw up to 80% of their pension wealth. The investment horizon has also been extended to age 85 for all categories, offering greater flexibility in retirement planning.
Stock market today: The NSE Nifty, consisting of 50 shares, fell by 41.55 points or 0.16 per cent, reaching a week's low of 25,818.55. The BSE Sensex, comprising 30 shares, decreased by 120.21 points or 0.14 per cent, settling at 84,559.65. During trading, it fell by 263.88 points or 0.31 per cent to 84,415.98.
Finance minister Nirmala Sitharaman highlighted that global trade is increasingly being weaponized through tariffs and other measures. She warned India must negotiate carefully in this evolving landscape, where trade is no longer free and fair. Sitharaman emphasised that India's actions aim to protect domestic industries from unfair competition and predatory practices.
