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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…
India-US trade deal sealed: In a big breakthrough, India and the US have announced a trade deal, after US President Donald Trump and Prime Minister Narendra Modi spoke on phone. With the trade deal, India has secured an 18% reciprocal tariff rate for its goods exported to the US. Trump has said that the tariff…
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…
Wall Street opened on a subdued note Monday as big technology stocks weighed on US indices, even as gold and silver prices clawed back part of their recent losses, according to AP.The S&P 500 slipped 0.2%, putting it on track for a fourth straight modest decline. The Dow Jones Industrial Average fell 173 points, while…
The United States is preparing to launch a $12 billion critical minerals stockpile initiative aimed at reducing dependence on China for rare earths and other strategic resources, according to a White House official, as Washington intensifies efforts to secure supply chains for key industries, AFP reported.The project is expected to combine about $1.7 billion in…
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…
In a move expected to bring relief to employers and reduce routine tax disallowances, the finance bill has proposed a key change to the treatment of employees’ provident fund (PF), ESI and similar contributions, allowing deductions even where there is a delay in deposit, provided the amount is deposited by the employer entity with the…
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…
