Japan's Nikkei 225 declined 2.01%, while the Topix dropped 1.8%. Japanese government bond yields extended their climb to fresh 16-year highs.

The 10-year JGB yield rose 1 basis point (bp) to 1.525% and earlier touched 1.53%, the highest level since June 2009.

US stock market ended lower on Thursday amid the current uncertainty surrounding US trade policy.

Here's a table showing how US stocks performed on Thursday:

Source: Equitymaster

At present, the BSE Sensex is trading 13 points higher, and the NSE Nifty is trading 22 points higher.

Cipla & Bharti Airtel are among the top gainers today.

Bajaj Finserv and Shriram Finance on other hand are among the top losers today.

The BSE Midcap index is trading 0.3% lower, and the BSE Smallcap index is trading marginally lower.

Barring metal sector and finance sector stocks, all other sectoral indices are trading on a positive note today, with stocks in the telecom sector, realty sector, and capital goods sector witnessing buying.

The rupee is trading at Rs 87.1 against the US dollar.
 

IndiGo Announces Europe Debut

IndiGo has announced the introduction of non-stop flights to Manchester and Amsterdam, marking its entry into the European market. The service to Manchester will be the only direct route from India to the North of the UK, enhancing connectivity between the two regions.

The airline stated that these additions will further strengthen its expanding international network, facilitating seamless travel between India and Europe. This development aligns with IndiGo's long-term objective of establishing itself as a global airline by 2030. Over the past two years, the carrier has been increasing its presence in Europe through codeshare agreements, connecting multiple European cities to India.

In March 2025, IndiGo inducted a Boeing 787-9 under a damp lease agreement with Norse Atlantic Airways. The agreement was recently expanded to include three additional aircraft, which are expected to join the fleet in the second half of the year.

Infosys to Implement System Intervention

Infosys has directed its technology team to adhere to its work-from-office requirement of at least 10 days per month, reinforcing efforts to bring more employees back to campus. According to reports, senior leaders have instructed teams to limit work-from-home requests, aligning with the company's hybrid work model.

The mandate reportedly applies to employees at Job Level 5 (JL5) and below, covering roles such as team leaders, software engineers, senior engineers, system engineers, and consultants. Meanwhile, employees at Job Level 6 (JL6), including managers, senior managers, and delivery managers, are not covered under this directive, except for vice presidents.

Infosys employees use a mobile app for attendance tracking, which will now require a minimum of 10 days of in-office presence per month. Work-from-home requests will no longer be auto-approved, and failure to meet the requirement by even a day or two will result in deductions from an employee's leave balance.

Earlier in 2024, TCS, a key competitor, linked its quarterly variable pay to office attendance, making employees with less than 60% attendance ineligible for bonuses.
 

Biocon Biologics Partners Civica

Biocon Biologics has entered into a strategic collaboration with Civica, Inc. to enhance the availability and affordability of Insulin Aspart in the United States. Civica, a not-for-profit pharmaceutical company established in 2018, focuses on addressing drug shortages and improving access to essential medicines.

As part of the agreement, Biocon Biologics will supply the Insulin Aspart drug substance to Civica, which will manufacture the final drug product at its facility in Petersburg, Virginia. The commercial rollout in the US will follow completion of development and clinical trials. Notably, the agreement does not involve any technology transfer.
 

Britannia CEO Kohli Resigns

Britannia Industries announced on Thursday that its Chief Executive Officer and Executive Director, Rajneet Singh Kohli, has resigned, effective March 5, to pursue an external opportunity.

As per the stock exchange filing, his last working day at the company will be March 14.

Kohli joined Britannia in September 2022 following Varun Berry's elevation to vice chairman.

In his resignation letter, he expressed gratitude for the opportunity to lead the company, work with a talented team, and contribute to its success, highlighting the progress made during his tenure.

Following the company's October-December quarter results, Berry informed investors of a planned capex break, stating that Britannia would limit capacity expansion spending to Rs 1.5-2 bn unless there was a significant volume increase.

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