Category: Business

Business

Some wind behind the sails of India’s shipping industry

February 3, 2025 admin

The government deserves credit for its commitment to develop the maritime sector, largely neglected by predecessor governments. This is reflected in the expenditure on the government’s flagship programme, Sagarmala, which, as on September 2024, had outlined 839 projects requiring an investment of ₹5.8 lakh crore by 2035. Of these, 241 projects, worth ₹1.22 lakh crore,…

Business

The kind of jobs needed for the ‘Viksit Bharat’ goal

February 3, 2025 admin

At a job fair in Kochi, Kerala, in 2023 | Photo Credit: The Hindu/THULASI KAKKAT The Union Budget has been presented, and this is the right time to outline the three kinds of jobs this writer believes India must create. Beyond reviving private consumption in urban areas, we must continue to strengthen long-term job creation…

Business

Amid global tumult, Rupee breaches 87 against dollar

February 3, 2025 admin

Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The Indian Rupee slumped almost 0.6% or 49 paise to breach the 87 mark against the U.S. Dollar on Monday, amid a meltdown for most emerging market currencies and stock markets across Asia and Europe on the first day of trading after President Donald…

Business

Sensex falls by 319 points amid weak global trends on trade war fears

February 3, 2025 admin

From Sensex shares, Larsen & Toubro, Tata Motors, Hindustan Unilever, Asian Paints, ITC, Power Grid, NTPC and Reliance Industries were the major laggards. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty closed lower on Monday (February 3, 2025) tracking weak global markets amid concerns over U.S. President Donald Trump imposing tariffs on…

Business

Rupee falls 55 paise to breach 87 level against dollar as Trump tariff triggers trade war fears

February 3, 2025 admin

Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee plunged 55 paise to close at an all-time low of 87.17 (provisional) against the U.S. dollar on Monday (February 3, 2025), as global market sentiments were impacted after the Trump administration slapped tariffs on Canada, Mexico and China. Forex traders said the…

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Beyond survival to dignity: Examining disability inclusion in the Union Budget 2025

February 3, 2025 admin

Union Finance minister Nirmala Sitharaman did not mention persons with disabilities even once in her entire Union Budget 2025 speech, according to a response to the Budget from non-profit organisation, The Centre for Inclusive Policy. Disability rights activists believe that a similar approach has been taken towards resource allocation, which has remained a recurring pattern…

Business

Factory activity improved to six-month high in January

February 3, 2025 admin

Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s private sector manufacturing activity rebounded to a six-month high in January after hitting a one-year low in December, thanks to exports recording their best month in almost 14 years even as factory order books expanded at the fastest pace since July 2024, as…

Business

Union Budget 2025: What India tech executives said about FM’s focus on AI and skill development?

February 3, 2025 admin

Indian Finance Minister Nirmala Sitharaman, pictured above [File] | Photo Credit: AP Tech leaders in India welcomed announcements from the Union Budget 2025 presented on Saturday, February 1, 2025, by Union Minister of Finance Nirmala Sitharaman. A major update was the removal of income tax for those earning up to ₹12 lakh per year, which…

Business

Union budget is growth-oriented: Andhra CM Naidu

February 3, 2025 admin

Andhra Pradesh CM Chandrababu Naidu. | Photo Credit: The Hindu Chief Minister N. Chandrababu Naidu asserted that the Union Budget presented by Finance Minister Nirmala Sitharaman on February 1 was aimed at increasing the growth rate, for which various policy interventions were laid down. Under Prime Minister Narendra Modi’s leadership, India was poised to emerge…

Business

Stock Market Today: Markets slump in early trade, tracking weak Asian peers amid tariffs worries

February 3, 2025 admin

Image used for representative purpose only | Photo Credit: Vivek Bendre Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday (February 3, 2025) tracking weak Asian markets amid concerns over US President Donald Trump imposing tariffs on some of its trading partners. The 30-share BSE benchmark Sensex tumbled 731.91 points to 76,774.05…

Business