Category: Business

Business

Markets slump in early trade amid Trump’s fresh tariffs threat, foreign fund outflows

February 10, 2025 admin

Declining for the fourth day running, the 30-share BSE benchmark Sensex dropped 343.83 points to 77,516.36 in early trade. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty declined in early trade on Monday (February 10, 2025) amid fresh tariffs concerns and unabated foreign fund outflows. Declining for the fourth day running, the 30-share…

Business

What does the Budget offer Railways?

February 10, 2025 admin

A group of workers and officers of the South Central Railway working on electrical lines between Vijayawada and Kazipet on the Andhra-Telangana border area in 2024. | Photo Credit: RAO G.N. The erstwhile Railway Budget, presented a couple of days before the Union Budget, was once a grand spectacle where the Indian Railways (IR), awaited its moment…

Business

‘Relief in tax slabs has stolen the limelight’

February 10, 2025 admin

The Union Budget 2025 aims to unlock India’s potential in its journey to become a developed nation by 2047. Over the years, the Government has introduced several reforms for ease of doing business and reducing compliances, such as faceless assessment, taxpayers’ charter, faster processing of returns, and the Vivad se Vishwas scheme to settle disputes….

Business

Market Downturn: Don’t make these mistakes

February 10, 2025 admin

Stock market corrections, like the one we have been seeing in recent months, can be challenging for investors. Yet, they also, like the one unfolding in recent months, can be challenging for investors. Yet, they also offer opportunities for those who navigate them wisely. Here are some common mistakes that hinder investors’ ability to tap…

Business

Gold, silver on a roll

February 10, 2025 admin

Precious metals commenced the new year with a bang with both gold and silver closing on a strong note by the end of January 2025. The sentiment towards precious metals turned positive on concerns relating to the wide-ranging tariff announced by the newly-elected President of the United States of America Donald Trump who took charge…

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Business

Is private investment expected to rise? | Explained

February 8, 2025 admin

Image used for representation only. | Photo Credit: Getty Images The story so far: With the government providing a tax stimulus through income tax breaks to boost consumer spending and the RBI cutting interest rates for the first time in nearly five years, Finance Minister Nirmala Sitharaman on Saturday said she was quite optimistic of…

Business

BHEL secures ₹8,000 crore order from Mahagenco

February 8, 2025 admin

Logo of Bharat Heavy Electricals Limited. File State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) on Saturday (February 8, 2025) said that it has secured an order worth ₹8,000 crore from Maharashtra State Power Generation Company Limited (Mahagenco). The order is for a 2×660 (1320) MW BTG (boiler turbine generator) package of Koradi Thermal Power…

Business

Tata Motors launches vehicle scrapping facility in Guwahati

February 8, 2025 admin

Tata Motors on Saturday (February 8, 2025) announced the launch of its registered vehicle scrapping facility (RVSF) in Guwahati with a capacity to dismantle up to 15,000 end-of-life vehicles annually. Operated by Tata Motors’ partner Axom Platinum Scrappers, the facility is equipped to scrap both passenger and commercial vehicles of all brands. With this, the…

Business

RBI in sync with government on growth focus, says Sitharaman

February 8, 2025 admin

Union Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra and Directors at a meeting in New Delhi on February 8, 2025. | Photo Credit: PTI With the Reserve Bank of India (RBI) following up the Union Budget’s demand stimulus for the slowing economy with a long-awaited interest rate cut, Finance Minister Nirmala Sitharaman said on…

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No level for rupee in mind, market forces decides forex rate: RBI Governor

February 8, 2025 admin

Reserve Bank of India Governor Sanjay Malhotra at a press conference after the 613th Meeting of Central Board of Directors (CBD) of the RBI, in New Delhi on Saturday, February 8, 2025. | Photo Credit: PTI Reserve Bank Governor Sanjay Malhotra on Saturday (February 8, 2025) said that the market forces decide the value of…

Business