Business news

Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

Sensex, Nifty jump over 1.3 pc; auto stocks lead rally

The BSE Sensex surged 1,056 points, or 1.31 per cent to 81,654 points. The Nifty 50 jumped 354 points, or 1.44 per cent up to 24,985. Sectorally, the Nifty Auto led the gains with 4 per cent jump. The Nifty Bank advanced 695 points or 1.26 per cent to settle at 56,037.15.

13 days ago

Sensex and Nifty open flat as market prepares for Q1 FY26 earnings season

Market outlook: Global events, GST reforms, FII trends to drive Dalal Street this week

Experts say factors such as the outcome of the Donald Trump-Vladimir Putin meeting, Prime Minister Narendra Modi's announcement on GST reforms, movements in US markets, and the ongoing buying and selling trends of foreign and domestic investors will play a major role in deciding the direction of Dalal Street.

14 days ago

Gujarat industry chamber seeks extension of income tax return filing deadline

To give assessees sufficient time to comply, income tax utilities are typically made available in April. However, according to GCCI, the release has been delayed by an average of three months this year, and as of the first week of August, several forms were still pending.

15 days ago

Stock market rally: Midcap, smallcap indices surge, 20 stocks gain up to 50%

As the June quarter (Q1 FY26) earnings are out, the revenue moderation took average net profit expansion YoY for the benchmark Nifty 50 companies (excluding financials and oil and gas) to mid-single digits.

15 days ago

'Diwali Gift' GST Reforms Touted as Big Step in Tax Efficiency

'Diwali Gift' GST reforms termed as big step in tax efficiency by CII

CII also applauded the heightened focus on strategic sectors, the push for Made-in-India semiconductor chips by year-end underscores India's emergence in global tech manufacturing, while the Sudarshan Chakra Mission, energy self-reliance, and space capabilities, including the plan for an indigenous space station, signal a transformative leap in indigenous innovation.

15 days ago

India's Forex reserves scale $693.6 bn after $4.75 bn boost

For the week ending on Aug 8, foreign currency assets, a major component of the reserves, increased by $2.84 billion to $583.98 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

15 days ago

India's Domestic Battery Revolution Is Creating a More Resilient and Forward-Looking Economy

The battery industry in India has the potential to continue to promote much needed economic diversification as well as create a more resilient development strategy

15 days ago

Explained: Structural GST reforms to bring rate rationalisation, ease of living

"The Central Government is proposing major reforms in GST to build an 'Atmanirbhar Bharat' by focussing on structural reforms, rate rationalisation, and ease of living," PM Modi said. Reforms also aim to reduce classification disputes, correct inverted duty structures in specific sectors, ensure greater rate stability, and improve ease of doing business, an official release said.

16 days ago

Sensex, Nifty open lower amid uncertainty around Trump tariffs

Sensex, Nifty end 1 pc higher this week despite tariff concerns

Investors are now focused on the US President Donald Trump and his Russian counterpart Vladimir Putin's meeting in Alaska, in hopes that it may result in a Russia-Ukraine ceasefire and the lifting of the additional 25 per cent tariff on India.

16 days ago

India clocks rapid progress in food, energy and defence sectors over last 10 years: Report

S&P Global upgrades India sovereign credit rating to 'BBB', outlook stable

The short-term rating on India has also been revised to A-2 from A-3 earlier, and the transfer and convertibility assessment has been revised to A- from BBB+.The impact of US tariffs on India will likely be manageable, with sound economic fundamentals expected to support the country's growth momentum over the next two to three years, according to the note.

17 days ago

indian oil corporation ioc oil fuel atf jet fuel increase aviation prices cost air india jet spicejet indigo go air vistara airasia india hike slash cut

Indian Oil reports lower-than-expected Q1 profits despite fuel demand in India

Indian Oil Corp reported first-quarter profit below analysts' estimates on Thursday, as inventory losses dented its refining margins.

17 days ago

Ashok Leyland wins Rs 700 crore worth orders to supply vehicles to Army

Ashok Leyland beats profit expectations in Q1, margins improve

India's Ashok Leyland reported a bigger-than-expected first-quarter profit on Thursday as margins improved.

17 days ago

India's long-duration bonds face challenges as demand dwindles

The rally in India's long-duration bonds is faltering due to dwindling demand from banks, insurers and pension funds, coupled with rising fiscal concerns and limited potential for further rate cuts, according to several investors.

17 days ago

India clocks rapid progress in food, energy and defence sectors over last 10 years: Report

Key schemes bolstering this effort include the PM-KISAN scheme, which gives direct income support to over 110 million farmers, the MGNREGA rural employment security that indirectly strengthens purchasing power for food, as well as the Soil Health Card Scheme and PM Krishi Sinchayee Yojana, which target sustainable soil and water management.

17 days ago

Stock market hits 9-month high as Sensex surges past 84,000, Nifty nears 25,650

Indian stock market settles flat ahead of key US-Russia summit

Sensex settled at 80,597.66, up 57 points or 0.07 per cent. The 30-share index started the session slightly up at 80,625.28 against last session's closing of 80,539.91, continuing the last day's momentum. The index remained range-bound, touching an intra-day high at 80,751.18 and a low at 80,489.86, during the session amid a mixed approach from the investors.

17 days ago