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…
The fast gaining popularity of Chinese AI app DeepSeek has taken the tech sector in the US and other markets by storm. The sharp sell-off in global tech stocks was triggered by concerns over DeepSeek’s lower cost of creating AI tools compared to other US-based AI companies. The Nasdaq 100 lost nearly 3 per cent…
Options data indicated that the 23,000 level is expected to be a key zone for further direction of the Nifty 50. The index may remain in a broad range of 22,000-24,000 until the Budget day. Nifty Trend The Nifty 50 rebounded on January 28 after a couple of days of correction but remained volatile. A…
Private telecom operators have requested an extension of two years to comply with the provisions of the Digital Personal Data Protection DPDP Act after the rules are notified, citing concerns over the compliance burden , according to a report by Moneycontrol. Earlier this month, telecom companies held discussions with officials from the Department of Telecommunications…