IBT Business Desk

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Indian rupee trades over 1 pc higher after US trade deal

Indian rupee trades over 1 pc higher after US trade deal

The Indian rupee jumped over 1 per cent against the US dollar on Tuesday, trading around ₹90.29–₹90.40 after the India US trade deal was announced, reflecting strong investor optimism and renewed foreign inflows. The surge came after the US agreed to cut reciprocal tariffs on Indian goods to 18 per cent, easing trade uncertainty and boosting sentiment in currency and equity markets. Feb 3, 2026
JCRA assigns landmark ratings to Adani Ports, Adani Green and Adani Energy Solutions

Adani Group stocks surge over India-US trade deal, Adani Enterprises leads

Adani Group stocks surged in early trade following the India–US trade deal, led by Adani Enterprises, which approached its 10% upper circuit. Adani Green and Adani Energy gained over 7%, while Adani Ports, Adani Power, Ambuja Cements, and Adani Total rose more than 4%. The rally was driven by investor optimism over the trade deal, which reduces US tariffs on Indian goods to 18%, benefiting companies with significant exposure to the US. Jefferies highlighted the Adani Group and sectors such as auto ancillaries, solar, chemicals, and textiles as key beneficiaries. Feb 3, 2026
Apple's iPhone exports from India cross $50 billion under PLI scheme

India's smartphone market value grows 8 pc in 2025, Apple logs highest ever share

Apple emerged as the biggest winner, recording its highest-ever value share at 28%, with the iPhone 16 becoming the top-shipped model. Vivo led the market in volume with a 20% share, followed by Samsung, which benefited from strong demand for its Galaxy S series. Motorola was the fastest-growing brand by volume, while CMF topped the sub-brand growth chart. Feb 2, 2026
Dr Jitendra Singh

Budget 2026-27: What in it for middle class; Dr Singh answers

Addressing the media in a post-Budget interaction, the minister said it may take time to be fully appreciated, but the Budget reflects a clear, sequential vision where structural reforms are powered by cutting-edge technologies, and cutting-edge technologies are increasingly driven by AI. Feb 2, 2026
Sensex outlook 2026

Sensex, Nifty rebound sharply after Budget-Day rout

The Sensex recovered sharply from its intra-day low of 80,387.25. It jumped as much as 1,345 points to touch a high of 81,732 before closing at 81,666. The index ended the day up 944 points, or 1.17 per cent. Feb 2, 2026
Budget 2026-27: New income tax act 2025, reduced TCS rates, tax holiday for foreign cloud firms

'Criticism welcome, but bring facts': Finance Minister Nirmala Sitharaman hits back at Rahul Gandhi, says Budget prioritises MSMEs & rural India

Finance Minister Nirmala Sitharaman on Sunday rebutted Rahul Gandhi's criticism of the Union Budget, saying it focuses on MSMEs, farmers, women entrepreneurs, and rural workers amid global uncertainty. She said political criticism is welcome but must be backed by facts. Gandhi had termed the Budget blind to issues like unemployment, farmers' distress, and falling manufacturing. Feb 1, 2026
'Very disappointing', says Shashi Tharoor; 'bilkul time waste', says Ashneer Grover as politicians and public react sharply to Budget 2026-27

'Very disappointing', says Shashi Tharoor; 'bilkul time waste', says Ashneer Grover as politicians and public react sharply to Budget 2026-27

The Union Budget 2026–27 triggered sharp reactions from politicians and the public, with Opposition leaders expressing strong disappointment and accusing the government of ignoring the concerns of ordinary citizens, farmers, youth and several states. Congress MP Shashi Tharoor termed the Budget "very disappointing," while former BharatPe co-founder Ashneer Grover called it "bilkul time waste" on social media, reflecting wider public frustration Feb 1, 2026
Sensex and Nifty crash by 1 pc, IndusInd Bank top loser

Worst budget day in 6 years: Sensex crashes 2,300 points on STT hike fears

Dalal Street endured a "Sunday Bloodbath" as the Sensex plunged nearly 2,300 points and Nifty fell 600 points after the government hiked Securities Transaction Tax on futures and options. The steep increase triggered a massive sell-off in brokerage and PSU bank stocks. While IT stocks remained resilient, overall investor wealth eroded as India VIX surged 12 percent. Feb 1, 2026