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Magellan Aerospace Corporation signed a memorandum of understanding (MoU) with Belagavi-headquartered contract manufacturing company Aequs to establish a sand-casting facility at the Belagavi Aerospace Cluster (BAC) in Karnataka on Thursday. The joint venture aims to meet the sand casting demands in the growing aerospace industry. This increased sand-casting capacity would support both commercial and defence sectors, Aequs said. This new venture aims to enhance sand casting capabilities in Southeast Asia. Magellan is a centre of excellence (CoE) for sand castings in North America, and it can cast complex geometries using the chemically bonded sand process.

Federation of Civil Society (FOCS), a valley-based civil organization, will march towards the hill districts on March 8. The organization plans to march from Imphal to Senapati. Several Kuki-Zo organizations have opposed the march, warning them to stay away from Kuki areas. The Federation of Civil Society Organizations has called on all communities to support the Peace Message Rally that will be held from Imphal to Senapati (which is a Naga-dominated area). FOCS President Th. Manihar expressed appreciation for the recent initiative allowing free movement for all communities across the state’s highways and roads. He urged the removal of all red zones and buffer zones in the state and called for all people from all communities to unite once again. Union Home Minister Amit Shah has directed that free movement across the state be ensured from March 8 onwards. The Committee on Tribal Unity (CoTU) had announced restrictions on movement in the Kuki-Zo areas; even the Village Volunteers Eastern Zone stated that there would be no free movement in Kuki-Zo areas before the establishment of a Separate Administration/Union Territory with a legislature for the Kuki-Zo people.

Subscribe to enjoy similar stories. Nestlé, the world's largest coffee company, has launched a Nespresso boutique in Delhi's Nexus CityWalk mall, targeting India's affluent consumers. The boutique offers Nespresso coffee machines, priced from ₹16,500, and coffee pods.

Elon Musk has called for the privatisation of the United States Postal Service (USPS). He argued that government-run entities should face market competition to drive efficiency. The proposal was made during a Morgan Stanley technology conference in San Francisco. His stand aligns with that of President Donald Trump’s on the matter.

Premier League. Runaway leader Liverpool looks certain to win a record-equaling 20th title. At the other end of the standings, three from the current bottom four clubs will probably be relegated. The Champions League places, however, are up for grabs with just six points separating the teams placed from third to 10th. And with the Premier League in pole position to win a bonus fifth spot in the Champions League next season, the likes of Bournemouth, Brighton and Fulham are in contention.

Elon Musk's electric car maker Tesla, which has been actively exploring opportunities to enter the Indian market, is opening a showroom in Mumbai’s upscale business district Bandra Kurla Complex (BKC) to sell its imported cars. Tesla has plans to set up a manufacturing plant in Maharashtra. The most popular electric car brand in the world has long been seen as a heavyweight which will disrupt Indian's nascent electric vehicle (EV) market. But Indian automaker don't seem to be scared of Musk's India venture. JSW Group Chairman Sajjan Jindal has doubted Musk’s ability to crack the Indian market, asserting that local giants Tata Motors and Mahindra & Mahindra are now deeply entrenched. JSW Group has a JV with China's SAIC Motor, JSW MG Motor India Pvt. Ltd, which sells EVs such as MG Comet EV, MG ZS EV, MG Windsor EV, MG 4 EV, and MG M9 EV. It is planning to launch several new EV models in 2025, including the Cyberster, an electric sports car. India's EV sales are merely 2.5% of the total passenger vehicle sales. Can Indian EV makers take on the world's biggest EV brand while they are still in their infancy?

UP Warriorz Innings Highlights : UP Warriorz vs Mumbai Indians Live Score: UP Warriorz Georgia Voll 36 (20) Grace Harris 21 (22) Mumbai Indians Amelia Kerr 0/12 (1) UP Warriorz vs Mumbai Indians Live Score: FOUR! MAKE THAT THREE IN A ROW! Floated full, on the middle. Georgia Voll looks to drive but gets an inside edge that runs past the keeper and the short fine leg fielder for a hat-trick of boundaries. UP Warriorz vs Mumbai Indians Live Score: FOUR! Amelia Kerr is greeted with a boundary! Bowls it a touch short, outside off.

It came after the Ministry of External Affairs (MEA) called on the UK to «live up to their diplomatic obligations» after a man from a small group of protesters chanting pro-Khalistan slogans and waving separatist flags attempted to breach the security perimeter as Jaishankar left the Chatham House think tank in London on Wednesday evening. The protester was swiftly taken aside by officers of the Metropolitan Police, which said that no arrests had been made.

Indian rupee weakened on Thursday, pressured by dollar demand by importers, even as the greenback lingered near a four-month low against its major peers amid concerns about a slowdown in the U.S. economy. The rupee closed at 87.1150 against the U.S. dollar, down about 0.2% on the day.

energy stocks rallying on lower crude prices. Market sentiment also improved following U.S. President Donald Trump's temporary tariff reprieve on auto imports from Mexico and Canada. The benchmark BSE Sensex added 609.86 points or 0.83% to close at 74,340.09, while the broader Nifty 50 index closed at 22,544.70, higher by 207.40 points or 0.93%.

Shares of Samvardhana Motherson International Ltd.(up 3.18 per cent), Apollo Tyres Ltd.(up 2.93 per cent), Bharat Forge Ltd.(up 2.78 per cent), Balkrishna Industries Ltd.(up 2.43 per cent) and Eicher Motors Ltd.(up 2.13 per cent) ended the day as top gainers in the pack.

Hyundai Creta EV, launched at the Auto Expo 2025, starts at ₹17.99 lakh (ex-showroom). It offers five main variants and two battery options: 42 kWh and 51.4 kWh. The model with the 42 kWh battery boasts a single-charge range of 390 km, while the 51.4 kWh model reaches 473 km.

Subscribe to enjoy similar stories. Spectacular policy reversals in the United States have seized the news. The tariff and Ukraine wars dominate headlines, but those involve selected targets, not including India so far.

Gene Hackman, the prolific Oscar-winning actor and industry's most respected and honoured performers, was found dead along with his wife and dog at their multi-million New Mexico home last week. He was 95. The two-time Oscar winner had retreated from the public eye in 2009 after experiencing ongoing heart and stress problems, and he had taken up several hobbies since then, reports The Irish Star.

Subscribe to enjoy similar stories. Early indicators suggest the US economy is slowing even as US President Donald Trump’s additional import tariffs on China, Canada and Brazil kicked in on Tuesday. Trump also paused military aid to Ukraine on 4 March following a televised clash with Ukrainian President Volodymyr Zelenskiy at the Oval office last week.

Subscribe to enjoy similar stories. The Smoot-Hawley Tariff Act of 1930 is blamed for deepening the Great Depression. Don’t tell that to the Trump administration, which just unveiled the toughest tariffs in almost a century.

DCB Bank has once again cut its fixed deposit (FD) interest rates for deposits less than Rs 3 crore, marking the second such reduction within a month. The bank has reduced up to 25 basis points on select tenures. The highest FD interest rate has been cut from 8.05% to 8%. The revised rates are applicable from March 5, 2025. In February, the bank reduced the interest rate on fixed deposits for select tenures by up to 65 basis points (bps) effective February 14, 2025.

income tax only when you sell your holdings. While you need to pay taxes on your gains, you also get an opportunity to save taxes in case you incur losses. Short-term capital loss on selling equities can be adjusted against any short-term or long-term capital gains on selling equities. When it comes to long-term capital loss it can be adjusted only against long-term capital gain on equities. You are also allowed to carry over the losses for future years. This method, which is called tax harvesting method allows individual taxpayers to not pay capital gains tax on their equity shares and mutual funds. However, this method can only be effectively used only if you have long term capital gains (LTCG) on equities up to Rs 1.25 lakh or have any significant loss from equities. The reason for this is because LTCG up to Rs 1.25 lakh is non-taxable though you need to declare this income in the ITR. However, if you have any significant loss, then you can set off it against any capital gains in future and can even carry it forward for up to eight years. The best part is that the new tax regime does not specifically alter the rules for claiming capital gains losses. Moreover, the new tax regime maintains the same rules as the old tax regime for carrying forward losses.

crude oil prices has fueled a rally in state-run oil marketing companies (OMCs), with stocks gaining up to 16% over four consecutive sessions. Investors are optimistic that lower crude prices will boost OMC margins, but several headwinds persist, including higher crude oil imports from the US, LPG under-recoveries, and a depreciating rupee. The crude prices are currently at a 3-year low and Brent has slipped below the $70/ bbl mark while the US WTI is hovering around $66/bbl.

Subscribe to enjoy similar stories. Estimates of gross value added (GVA) and gross domestic product (GDP) for 2024-25 were released last month along with revised estimates for 2023-24 and final data for 2022-23. The numbers for 2024-25 were broadly in line with estimates released earlier, with GDP growth placed at 6.5%, marginally higher than the 6.4% reported as part of India’s first advance estimates.