Finance and Revenue Secretary Tuhin Kanta Pandey on Monday said that the Indian rupee is a free-floating currency and the government is not worried about its ups and downs, which are caused by international money movements. The statement comes after the rupee fell to a record low of 87.29 against the US dollar, decreasing by…
Futures for Wall Street’s main indexes tumbled on Monday as fears of a full-blown trade war and its impact on the global economy jolted markets around the world after President Donald Trump levied steep tariffs on Mexico, Canada and China. Over the weekend, Trump imposed hefty new tariffs of 25 per cent on imports from…
Stock market today: The Indian stock market closed on a flat note after FM Nirmala Sitharaman presented her 8th consecutive Budget speech on Saturday. Sensex rose 5 pts to 77,506 and Nifty fell 26 pts to 23,482. Market cap of the BSE-listed firms stood at Rs 423.76 lakh crore today. Of 30 Sensex stocks, 16 shares…
New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy. In Trump’s view, the 25 per cent tariffs against the two North American allies…
After a punishing few months, India’s benchmark NSE Nifty 50 index is poised for a relief rally in February, based on the changes in investors’ positioning in the derivatives markets, brokerages said. The Nifty has tumbled 11.3 per cent over the last four monthly derivatives series, each of which spans between the last Thursdays of…
Union Finance Minister Nirmala Sitharaman today presented the Economic Survey for 2024-25 on the first day of the Budget session. The Economic Survey is the most important document which reviews the country’s economic progress and challenges. It was prepared by the Chief Economic Adviser (CEA), V Anantha Nageswaran and his team. According to the survey, India’s economy…
Gold prices in India soared to new heights on Thursday (January 30). The 24K gold price in Delhi crossed the ₹83,000 mark, while the 22K gold was priced at ₹76,000 per 10 grams. In Mumbai, the 24K gold edged up by ₹10 to ₹82,860 per 10 grams. Globally, gold traded in a narrow range on…
The FY26 Budget may project a 20 per cent increase in capex spending to drive economic activity, leave more disposable income in the hands of people and target a fiscal deficit of 4.4 per cent of GDP for the fiscal ending March 2026, a EY report said on Thursday. EY India Chief Policy Advisor DK…
The S&P BSE Sensex surged 631.55 points to end at 76,532.96, while the NSE Nifty50 gained 205.85 points to close at 23,163.10. Benchmark stock market indices added almost 1%, extending their run for the second consecutive day, fuelled by a rise in information technology (IT) sector stocks. The S&P BSE Sensex surged 631.55 points to end at 76,532.96,…
Budget 2025-26 is expected to lay the blueprint for the Narendra Modi government’s third term. But how will Finance Minister Nirmala Sitharaman deliver growth in the face of a slowing economy, global uncertainty, high inflation and tepid private investments? The Union Budget is always a significant annual event that sets the policy tone and agenda…