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…
Budget Expectations: In the last Budget, released in July, the central government allocated Rs 6.22 lakh crore to the defence sector, a tad higher than the allocation in the interim Budget earlier last year. This time around, will there be an increase in the defence allocation? Budget 2025 Expectations: As India awaits the government’s Union Budget…
The much-awaited Mahakumbh 2025 has officially commenced today in Prayagraj, promising to be the world’s largest gathering of people. Spanning until February, the Uttar Pradesh government estimates that approximately 400 million devotees will participate in this grand religious event. Meanwhile, the Confederation of All India Traders (CAIT) projects that Mahakumbh will generate a staggering Rs…
India’s third-largest IT services firm, HCLTech, has raised the lower end of its FY25 revenue growth guidance to the range of 4.5 per cent to 5 per cent. Earlier, the firm had provided a revenue guidance of 3.5–5 per cent. The Noida-headquartered IT services major, HCLTech, reported a net profit for the third quarter (October–December) of…
The Indian rupee slid to an all-time low on Friday, closing at 85.9650 against the US dollar, down 0.2% for the week. The rupee has hit new closing lows for the third consecutive day this week and this marked its tenth consecutive weekly decline, surpassing the previous record low of 85.9325 reached on Thursday. The…
India’s Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, 2025, a day keenly awaited by taxpayers across the country. Many tune in specifically for the segment on income tax, eager to see if any changes are announced to provide relief for the common man. This year, speculation revolves around…
India’s largest IT services player Tata Consultancy Services (TCS) saw its net profit for the third quarter of the fiscal year 2024-25 at Rs 12,380 crore, up 11.9 per cent compared to Rs 11,058 crore in the same quarter of FY24. Revenue for the company grew 5.6 per cent to Rs 63,973 crore in Q3 FY25.…
Buying interest in select heavyweights such as Infosys Ltd, Mahindra & Mahindra (M&M), Bajaj Finance, Maruti Suzuki India, Kotak Mahindra Bank, Reliance Industries Ltd and Bajaj Finserv lifted the indices higher. Domestic equity benchmarks rose sharply in afternoon deals on Thursday, extending their gains for the second consecutive session of calendar year 2025. The surge…
The government will continue its focus on improving quality spending, strengthening the social security net and to bring down the fiscal deficit to 4.5% of the GDP in FY26, a finance ministry document said. Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in Parliament on February 1. The Union…