Category: Business

India expects to receive a record 3.16 trillion rupees ($34.4 billion) in dividends from its central bank and state-owned financial institutions in the fiscal year starting in April, according to budget documents tabled in the Parliament on Sunday. That would mark about a 3.6% rise from the current financial year’s revised budget estimate of 3.05…

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Union Finance Minister Nirmala Sitharaman announced on Sunday that India would host the first ever Global Big Cat Summit this year. The International Big Cat Alliance, which was established in 2024, is a treaty-based intergovernmental international organisation with headquarters in India. “This year, India is hosting the first ever Global Big Cat Summi, where heads…

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The Union Budget 2026-27, presented by Finance Minister Nirmala Sitharaman on Sunday, estimates a total expenditure of Rs 53.5 lakh crore and sets a gross revenue target of Rs 44.04 lakh crore. In the Budget documents, the Centre has detailed the proportionate breakdown of the various taxes it levies to accumulate the funds required to execute…

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Railway stocks traded higher after Finance Minister Nirmala Sitharaman announced plans to develop seven high-speed rail corridors to act as key growth connectors between major cities in the Union Budget. The proposed corridors include Mumbai–Pune, Hyderabad–Pune, Hyderabad–Bengaluru, Chennai–Bengaluru, Delhi–Varanasi and Varanasi–Siliguri, aimed at improving inter-city connectivity, reducing travel time and supporting economic activity along key…

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According to Union Budget 2026-27, Rs 1.7 lakh crore has been earmarked for fertilizer subsidy in the next fiscal. This is higher than the revised estimate of Rs 1.67 lakh crore for 2025-26 for the ongoing financial year. The government had earmarked Rs 1.71 lakh crore towards fertiliser subsidy in the previous year. The allocation…

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India’s benchmark indices fell nearly 3% in the special Budget session on Sunday extending the decline for the second straight day. Nifty fell below 24,600, while Sensex was down over 1,000 points. The broader segment of the market was also negative, with the Nifty Midcap 100 falling 1.83% and Smallcap 250 index slipped 2%. Nifty…

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Photo source: NDTV Profit ICICI Bank has announced a series of credit card benefit changes effective Feb. 1, including the discontinuation of BookMyShow movie perks on select products. The bank will continue, with modifications, to provide point earnings on transport and insurance spends across several cards. Customers using ICICI Bank’s Instant Platinum Chip Credit Card…

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