Sensex, Nifty Set for Green Open as Asian Markets Rally and Oil Eases

India raises petrol export duty to Rs 2.5 per litre, lowers diesel levy to Rs 8.5

The Indian government has increased the export duty on petrol to Rs 2.5 per litre. At the same time, it has reduced the duty on diesel to Rs 8.5 per litre. The changes stem from the government's routine review of export duties, which is tied to global crude oil prices and carried out every two weeks. The duty on aviation turbine fuel, by contrast, has held steady at Rs 10.

Indian-made stents under scrutiny after complications in Sri Lanka

Outgoing UK envoy Lindy Cameron backs Make-in-India in defence and aerospace

Lindy Cameron, the outgoing British High Commissioner to India, has expressed strong interest in deeper UK participation in India's Make-in-India initiative within the defence and aerospace sectors. Her remarks came as she prepared to leave her post, reflecting on the growing bilateral partnership. She highlighted manufacturing collaboration as a key area for future engagement between the two countries. The comments point to a continued push by London to expand industrial ties with New Delhi in strategically sensitive industries.

Tech Stock Sell-Off Wipes Out Over $1 Trillion as Chip Rivalry Intensifies

A recent sell-off in AI and semiconductor shares has erased more than $1 trillion in market value. Several major technology firms have seen steep declines driven by a mix of economic pressures. Chinese chipmaker ChangXin Memory Technologies is working to expand its memory chip output, which could heighten competition in the industry. Analysts point to rising inflation and higher interest rates as factors eroding investor confidence across the sector.