According to the German press agency (dpa), the German cabinet took a notable decision on Wednesday --- to grant tax relief for electric or hybrid company cars. The move is apparently aimed at increasing the adoption of electric vehicles (EVs) in Germany.

As a result of the decision by the German government, the large scale subsidy will be applicable to electric or hybrid company cars which are either purchased or leased between January 1, 2019 and December 31, 2021.

Till now, employees driving company cars privately were required to file a monetary benefit of 1 percent of the official list price of the car. This tax will be reduced by half -- to 0.5 percent -- for electric and hybrid vehicles in the future.

In an evident effort to explore the use of technology for transforming the transport system in the UK, the country’s government is drafting new plans that underline the ways in which congestion and pollution levels in city centers can be reduced.

The government’s plans, aimed at finding ways to tackle the traffic problem in cities, have been put together in the recently-published Whitehall’s ‘Last Mile and Future of Mobility’ document. The document highlights the fact that the UK is apparently on the verge of a green ‘transport revolution.’

As part of the plans underlined in the document, UK ministers are considering a possible ban on van and lorries that make deliveries into city centres, and replace them fleets of environmentally-friendly electric cargo vehicles.

Indian Markets have been buoyant during the week, helped by strength in the global markets. Indian maA Fresh new all-time in benchmark indices with Nifty hitting 10283 while Sensex breached 37K mark to hit 37368.62. Backed by buying in broader indices, positive global cues, and strong rollover numbers indices managed to close near the day’s high. Heavyweights lead the rally again while sectorial indices with higher weight like Pvt. banks, Energy, FMCG, and Metals were shining 1% - 2.5%.

UK industry regulator Ofgem has recently announced plans aimed at encouraging electric-vehicle (EV) owners to charge their vehicles during off-peak periods or during sunny/windy periods when plenty of renewable energy -- from solar farms or wind turbines -- is being generated.

With cheaper ‘time of day’ tariffs already available in the UK to around 11 million homes in which smart meters have been installed, the plans announced by Ofgem are essentially aimed at promoting the practice of ‘flexible’ or smart charging among EV owners in the country.

In a move which underscores an effort by the European Union (EU) to clamp down on the dumping of Chinese electric bicycles (e-bikes) in Europe, new tariffs have been imposed on e-bikes imported from China.

The European Union’s implementation of new tariffs on China-produced e-bikes has come after a fairly long review period. For determining the amount of new tariffs levied on Chinese e-bike companies and the proper course of action for levying the tariffs, the European Commission visited several Chinese e-bike companies, including Bodo, Giant, Suzhou Rununion and Jinhua Vision.

Stock specific action can be expected as many companies will declare their quarterly results. Some of the companies which Epic Research has tracked, will be announcing results. Have a look at what you can expect from some of the blue chip companies declaring results.

CEAT - Ahead of good Q1 results stock has surged nearly 9% in intraday. The stock has also given a breakout of double bottom chart pattern on the daily chart and given closing above the neckline. We recommend buying from the current level for the target of 1400 with the stop loss of 1310.

Nifty ends the week on flat basis making a Doji pattern as indecisiveness near all-time highs mounted on the back of mixed global cues. Profit booking was seen and consolidation in a small range of 10930 to 11080 was observed.

The week for Nifty was sideways due to mixed cues from global markets as despite positive momentum in leading indices we have seen some profit booking due to higher inflation numbers. This also pointed to concerns of another rate hike by the RBI in its August meet. The Trade war concerns further mounted as a threat of it escalating further between US and China may push commodity prices higher. This would lead to higher pricing of commodities such as Crude. No confidence motion in the parliament, higher inflation numbers also weighed on investors.

In a move which will potentially increase the adoption of electric vehicles (EVs) in the UK by making their recharging easier and wireless, the government has plans underway to install a new generation of Scalextric-style EV charging points.

According to a UK government plan recently unveiled by the Department for Transport (DfT), an investment of £40 million will be earmarked for developing wireless charging systems which will enable EV drivers to charge their vehicles on the road, in car parks, or at the roadside, without having to plug the vehicles. As the wireless charging will be easier, drivers would be more inclined to buy electric vehicles.

US electric vehicle maker Tesla’s exports to China are possibly on the verge of a possible slowdown because of a recent move by the Chinese government to increase import duties from the current 25% to a significantly high 40%.

The tariff-hike move by the Chinese government apparently underscores a retaliatory decision, resulting from the US government’s latest list of tariffs for Chinese goods. The move by the US government has escalated the ongoing trade war between the two countries.

The recent announcement by the Chinese government about an increase in tariff to 40% has delivered a hard blow to Tesla Motors, in terms of the cost of the electric vehicles which the company is presently selling in China.

According to the latest car-sales figures from Norway, the best-selling car in the country for June 2018 and year-to-date is Japanese automaker Nissan’s LEAF electric compact hatchback.

With Norway having recorded its third best monthly result for passenger plug-in electric car sales in June, the Nissan LEAF topped the charts among all the models available in the country for all types of cars --- electric, gas, diesel and others.

As per the latest figures, the number of new registrations of the LEAF in Norway in June was 1,152, which accounted for 7.3% of all new registrations in the country during the month. The total new registrations for the vehicle year-to-date were 5,791, which underscores a 7.5% market share.

Nifty ends positively for the third consecutive week on the back of positive global cues but upside remained capped as profit booking was seen with Trade war concerns and US federal rate hike. Bank Nifty lags while defensive sectors shine on the back of value hunting.

Millennials are really the job hoppers, as people say. As per a research, those born between 1980 and 1996 are most likely to change jobs frequently. They made headlines when they moved from college to workplace and how they disrupted the status quo. Since that time millennials have moved from being college grads to starting a family. This change in the life arrangement calls for an adjustment with respect to their desires from an employer as well.

Indian aviation sector has witnessed strong growth in the recent quarter. As per latest figures released by Directorate General of Civil Aviation (DGCA), for domestic sectors, Indian aviation companies served 26 percent more passengers during April. Compared to 9.1 million passengers in April 2017, 11.5 million passengers traveled via air during April 2018.

Connectivity has increased among tier-2 and tier-3 cities across India. Indian government has planned major improvements to regional airports and aviation companies are witnessing growth for small cities.

Occupancy was more than 95 percent for SpiceJet (the airline offers aggressive fares on many routes), followed by Indigo at 91.9 percent occupancy. GoAir also managed impressive occupancy rate of 90%.

Indian stock markets witnessed volatile session on Tuesday as the election results pointed towards hung assembly in Karnataka. Markets were trading strong during the morning session as BJP maintained lead against its opponents. However, the market slipped as chances of BJP government in the state reduced due to post-poll alliance between Congress and JDS.

Indian stock market closed higher on Monday despite weakness in the U.S. market and other major Asian stock exchanges. Indian markets have been moving with global indices but due to fears of trade war between the U.S. and China, Dow Jones has remained highly volatile during the last two weeks. Indian markets are now looking at quarterly results as the next trigger. As investors shrug off the U.S. and China trade war issue, local factors will be important to watch for Indian stocks.

German direct bank N26 has raised money in series C funding round. The online bank offers services in majority of Eurozone. The bank founded in February 2013 has witnessed impressive growth due to its low costs and online services.

As per reports, N26 has raised $160 million in a funding round co-led by Allianz X, the digital investment unit of Allianz Group, and Tencent Holdings Ltd., a leading provider of internet value-added services in China. The funding will be used to accelerate N26’s global growth strategy and product vision.

Indian stock markets registered impressive gains as the global stock markets improved last week and Indian market was lagging behind. Indian stocks opened strong on Monday and selling pressure was witnessed at higher levels. However, towards the end of the trading session, markets registered strong gains and BSE Sensex closed with gains over 600 points. NSE Nifty closed above 10,400. Market analysts consider 10,300 as an important support level for Nifty and the market crossed this level during the early session.

Indian market faced massive selling during the week and majority of panic in the local market was due to global cues. Indian stocks ended the week lower and NSE Nifty dropped below crucial support level. Indian Public Sector Banks spoiled the sentiment as continued selling in some of major banking counters led to decline in benchmarks. Banks are suffering from major crisis after bank guarantee scam by Nirav Modi and Gitanjali Gems.

During the week, U.S. President Donald Trump announced tariffs on steel and aluminum imports. The tariffs were condemned by majority of world leaders but President Trump continued with his plan to announce tariffs. After the announcement, Dow Jones Industrial Average still managed to close with minor loss on Thursday.

Global markets recovered by Indian market remained under pressure last week. The markets recovered during Friday's trading session but market analysts are still not sure if the markets will show a strong upside movement in the coming week. Have a look at Epic Research analysis on Indian Stock Market.

Nifty rebounds after three weeks of consecutive losses and end with indecisiveness forming a long-legged Doji on the weekly chart. A week with a lot of consolidation as the market traded within a range of 2%. Global market cues were also mixed as most leading indices were in consolidation while only Euro markets traded higher. Late weekend buying helped Nifty to almost reclaim the 10500 mark while bank Nifty also rebounded from 24800 to comfortably settle above 25K mark.

Indian stock market remained range-bound during the past week even as stocks managed to recover quite smartly across the globe. Indian market also remained low as public sector banks remained on investor’s selling list. PNB suffered the most during the recent banking scam involving Nirav Modi and Gitanjali Gems.

Dow Jones Industrial Average staged a smart recovery over the week. While the FED meeting led to decline in Dow Jones, the U.S. markets recovered a day after Federal Reserve meeting. Dow Jones looks strong at the moment and with minor correction that started in February, markets are looking forward to gain further in upcoming weeks.