Union Budget 2024 likely on July 22, Economic Survey on July 3, says report
Union Budget 2024: The Union Budget 2024 will likely be presented by Finance Minister Nirmala…
SEBI keeps WeWork India’s IPO in abeyance
Representational image of the WeWork logo | Photo Credit: Reuters SEBI has put the initial public offering (IPO) of premium flexible workspace operator WeWork India Management Ltd in “abeyance”, an update with the markets regulator showed. The Embassy Group-promoted firm, which filed its draft IPO papers on January 31, planned to offer 4.37 crore shares…
Rupee falls 6 paise to 85.78 against U.S. dollar in early trade
Representational file image. | Photo Credit: C. Venkatachalapathy The rupee weakened by 6 paise to 85.78 against the U.S. dollar in early trade on Wednesday (Market 26, 2025), weighed down by a negative trend in domestic equities and the recovery of the American currency in the overseas market. Forex dealers said the rupee faced renewed…
Markets give up early gains; trade lower amid profit-taking
Representational file image. | Photo Credit: Reuters Stock markets gave up early gains and slipped in the negative territory on Wednesday (March 26, 2025) after a seven-day rally due to emergence of profit-taking. The 30-share BSE benchmark Sensex climbed 150.68 points to 78,167.87 in early trade. The NSE Nifty went up by 67.85 points to…
India discontinues parts of gold deposit scheme amid rising prices
India has discontinued parts of a scheme that encouraged households and institutions to deposit idle gold in exchange for interest payments. The gold monetisation scheme, introduced in 2015, included gold deposits for 1-to-3 years, 5-to-7 years and 12-to-15 years. The 5-to-7 and 12-to-15 year deposits have been discontinued, the finance ministry said late on Tuesday,…
EPFO to integrate UPI, expand pension access, and enhance EPI benefits: Sumita Dawra
Labour and Employment Secretary Sumita Dawra said that stabilising the centralised database will take around two to three weeks, following which the front end for UPI integration will be made ready. File | Photo Credit: The Hindu The Employees’ Provident Fund Organisation (EPFO) is set to introduce UPI integration for claims processing, a move aimed at…
India eyes tariff cut on $23 billion of U.S. imports, to shield $66 billion in exports, say sources
A file image is used for representational purpose only. | Photo Credit: Reuters India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources with knowledge of the matter said, the biggest cut in…
Easing FPI threshold can induce capital inflow, say experts
The Securities and Exchange Board of India’s (SEBI) decision to increase the threshold for FPIs to start making granular disclosures, to ₹50,000 crore, may increase capital inflows amid relentless selling by foreign portfolio investors (FPI) and ease the compliance burden on genuine investors, according to experts. In its Q4 board meeting on Monday, SEBI increased…
No import duty on 35 capital goods used to make EV batteries
Finance Minister Nirmala Sitharaman announced there would be no import duties on 35 capital goods used to make Electric Vehicle (EV) batteries and 28 items used in mobile phone batteries. File | Photo Credit: ANI Finance Minister Nirmala Sitharaman on Tuesday (March 25, 2025) announced there would be no import duties on 35 capital goods…
Rupee falls 13 paise to settle at 85.74 against U.S. dollar
Representative image | Photo Credit: Reuters The rupee snapped its seven-session rally and settled with a loss of 13 paise at 85.74 (provisional) against the U.S. dollar on Tuesday, as increased demand for dollars from importers, coupled with the greenback’s recovery against major currencies, weighed on the rupee. Forex traders said the Indian rupee halted…
Stock markets extend winning run to seventh day; Sensex edges up 32 points
From the Sensex pack, UltraTech Cement, Infosys, Bajaj Finserv, Axis Bank, HDFC Bank, Bharti Airtel, HCL Tech and Tata Consultancy Services were the biggest gainers. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty ended marginally higher on Tuesday (March 25, 2025), taking their gaining streak to the seventh session even as markets witnessed…
