GIFT Nifty rallies on India-US trade deal announcement (AI image) With the India-US trade deal announced, the stock market is expected to rally strongly in trade on Tuesday. A surge in GIFT Nifty already points to a gap up opening in BSE Sensex and Nifty50 on Tuesday. The India-US trade deal slashes tariffs on Indian…
Commerce Secretary Rajesh Agrawal (Photo-PTI) The Budget FY27 proposal to allow Special Economic Zone (SEZ) units to sell goods in the domestic market at concessional duty rates is expected to boost import substitution and generate employment, Commerce Secretary Rajesh Agrawal said, adding that detailed operational guidelines will be rolled out in the next two to…
The Finance Ministry is considering raising the foreign direct investment (FDI) limit in public sector banks (PSBs) to 49 per cent from the current 20 per cent to strengthen their capital base, PTI reported.“We are still considering, and inter-ministerial consultation is on for raising FDI cap to 49 per cent,” Financial Services Secretary M Nagaraju…
Global investors pulled out more than $3 billion in January, following withdrawals of over $18 billion in 2025. (AI image) Finance Minister Nirmala Sitharaman’s Union Budget 2026 has sought to enhance stability in India’s stock market by increasing the investment limits for NRIs. The government is seeking to draw more money from NRIs in the…
The government is considering further dilution of its holding in Life Insurance Corporation (LIC) through a follow-on public offering in the next financial year, as it moves towards meeting minimum public shareholding norms, PTI reported.Financial Services Secretary M Nagaraju said the process will be gradual and linked to market conditions, with the Department of Investment…
Seeking to ease procedural hardship in search-related tax cases, the finance bill has proposed a calibrated approach to block assessments for third parties, alongside changes to standardise limitation timelines — moves experts say could reduce disproportionate compliance burdens and bring greater predictability to the process.Under the existing framework, when tax authorities uncover undisclosed income belonging…
Stock markets staged a strong rebound on Monday, with benchmark indices recovering sharply on value buying in blue-chip oil and gas, banking and auto stocks after witnessing heavy selling during the Budget-day session.The 30-share BSE Sensex jumped 943.52 points, or 1.17 per cent, to close at 81,666.46. During intraday trade, the index rose as much…
The government plans to introduce the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the second half of the Budget session beginning March 9, Finance Minister Nirmala Sitharaman said, adding that the parliamentary committee examining the proposed law has already submitted its report.The proposed changes are aimed at further improving timelines and effectiveness of insolvency…
India’s factory activity picked up marginally in January after slipping to a two-year low the previous month. The sector was helped by strong inflows of new orders, even as sentiment among manufacturers weakened sharply, a monthly survey showed on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.4 in January…
AI image Inactive public sector enterprises (PSEs) should be considered for immediate closure to reduce fiscal strain on central and state governments, the 16th Finance Commission has recommended in its report while calling for deep reforms in the sector.The panel also said that land and buildings owned by inactive PSEs are valuable and could be…