Business news

Increase in standard deduction, ease of doing biz among top budget expectations

The report from KPMG India said India's top expectations from the budget include a raise in the standard deduction for salaried employees to Rs 1 lakh and extension of timelines for filing revised or belated returns to help taxpayers with cross‑border income reporting obligations, the report said.

2 days ago

Sensex, Nifty trade flat in early deals amid weak global cues

Sensex ends at 83,576, Nifty at 25,638; weekly losses mount

Profit-booking in autos, metals, and oil and gas weighed on indices during the week, while selective buying in consumer durables, on hopes of a demand revival, offered brief respite.

2 days ago

Sensex, Nifty end lower amid volatile trade

Sensex, Nifty end lower over global uncertainties, foreign outflows

The benchmark indices fell to their lowest level in over two months with Nifty trading below psychological level of 25,700. Nifty opened at 25,840, touched an intraday high of 25,940, and subsequently faced profit booking, slipping to an intraday low of 25,648.

3 days ago

Gold, silver see strong upswing; Fed decision in focus

Commodities outperform key asset classes in India, precious metals lead

The report by Motilal Oswal Financial Services Ltd underscores that precious metals — particularly silver and gold — were the primary drivers of performance, supported by policy uncertainty, currency volatility, strong institutional participation, and persistent supply constraints.

3 days ago

Bharat Coking Coal's IPO fully subscribed in 30 minutes; GMP crosses 47 pc

The IPO is entirely an offer for sale by Coal India, which holds 100 per cent of BCCL and price band is fixed at Rs 21 to Rs 23, with the company aiming to raise Rs 1,071 crore at the upper band.

3 days ago

Jan 1, 1970

Indian stock market opens lower, IT stocks lead losses

Sensex, Nifty end lower as India-US trade tension fears spook investors

Investor sentiment turned cautious after reports suggested that the administration of US President Donald Trump could consider imposing steep tariffs of up to 500 per cent on Indian goods. The possibility of such harsh trade measures triggered widespread selling across sectors, leading to broad-based risk aversion in the market.

4 days ago

Gold, silver prices dip on MCX ahead of US Fed meeting

Silver slides nearly 3.5 pc on MCX; trades below Rs 2.42 lakh per kg

The decline came after passive investment funds were expected to reduce their holdings in precious metals futures to match new index weightings. The selling is seen as heavier than usual following the strong rally in gold and silver in recent months.

4 days ago

Govt pegs India's GDP growth rate at 7.4 per cent for 2025-26

India's GDP to grow 6.6 pc by FY27 powered by digital economy, AI, silver economy

AI adoption will scale across BFSI, manufacturing, and healthcare, with the potential to add $600 billion to GDP over the next decade. Mumbai, Chennai, and Hyderabad are emerging as major data centre hubs, reinforcing India's position as a global digital infrastructure leader, the report said.

4 days ago