IBT Business Desk

Articles by IBT Business Desk

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US trade deal boosts India's target of $250 billion engineering exports by 2030

US trade deal boosts India's target of $250 billion engineering exports by 2030

The interim US-India trade deal framework has strengthened India's push to achieve $120 billion in engineering exports in FY2025-26 and its longer-term goal of $250 billion by 2030, according to the Engineering Export Promotion Council of India (EEPC). The deal includes reduced US tariffs on Indian goods to 18 per cent and preferential tariff rate quotas for automotive parts, improving market access and competitiveness for Indian exporters, particularly MSMEs. Feb 8, 2026
Centre seeks inputs on proposed income-tax rules and forms

Centre seeks inputs on proposed income-tax rules and forms

Before the final notification of the Income Tax Rules and Forms, to encourage wider stakeholder participation, the proposed Income Tax Rules and Forms have been uploaded on the official website, according to Finance Ministry on Sunday. Feb 8, 2026
Sensex, Nifty open nearly flat on Budget Day

Nifty, Sensex close higher amid tariff relief, steady RBI stance

Sentiment improved further after the RBI kept policy rates unchanged and revised its GDP growth estimates upward. As a result, the benchmark indices — Nifty and Sensex — closed at 25,693.70 and 83,580.40, respectively. Broader indices also advanced, reflecting improved risk appetite, said Ajit Mishra – SVP, Research, Religare Broking Ltd. Feb 7, 2026
UPI now live in UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, Qatar; 23 MoUs signed for digital public infrastructure adoption

UPI now live in UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, Qatar; 23 MoUs signed for DPI

The government has also signed MoUs with 23 countries to share or adopt India's Digital Public Infrastructure (DPI), including platforms like Aadhaar, DigiLocker, CoWIN, and API Setu, to promote global adoption of India Stack solutions. UPI transactions in January 2026 recorded 21.70 billion transactions, a 28% year-on-year growth in count and 21% growth in transaction value at ₹28.33 lakh Feb 6, 2026
Sensex, Nifty end in green ahead of RBI MPC decision

Sensex, Nifty end in green after positive cues from RBI MPC meet

At the closing bell, Sensex gained 266 points, or 0.32 per cent, to settle at 83,580. Nifty surged 50 points, or 0.20 per cent, to close at 25,693. The broader markets showed divergence from benchmark indices, as Nifty Midcap 100 index lost 0.02 per cent, while the NSE Smallcap 100 shed 0.27 per cent. Feb 6, 2026
RBI plans to allow bank lending to REITs: Governor

RBI plans to allow bank lending to REITs: Governor

The RBI also proposed removing the requirement of prior approval for NBFC-ICCs lending against gold to open new branches, and announced a review of lending norms for urban co-operative banks to improve flexibility while maintaining prudential discipline. Feb 6, 2026
RBI's rate decision reflects favourable assessment of India's growth: Economists

RBI's rate decision reflects favourable assessment of India's growth: Economists

Economists said the Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent reflects a favourable assessment of India's growth and inflation outlook. The Monetary Policy Committee (MPC), in its first policy review of 2026, opted for a pause, which analysts expect to continue in the near term amid a positive cyclical upswing and confidence stemming from the conclusion of multiple trade deals. Feb 6, 2026
SEBI revamps Mutual Fund rules to boost cost transparency, ease investor burden

SEBI proposes to extend standing SWP, STP instructions to demat-held mutual funds

The regulator has suggested a two-phase rollout. The first phase would enable unit-based SWP and STP mandates executed through stock exchange platforms, while the second phase would shift processing to registrars and transfer agents and introduce more flexible options such as amount-based, appreciation-based withdrawals and swing STPs. Feb 6, 2026
Sensex, Nifty open nearly flat on Budget Day

Sensex, Nifty end lower weighed down by metal, IT stocks

At the closing bell, the Sensex lost 503 points, or 0.60 per cent to settle at 83,313. The Nifty declined 113 points, or 0.52 per cent, to close at 25,642. The broader markets posted strong losses as Nifty Midcap 100 index lost 0.28 per cent, while the NSE Smallcap 100 shed 1.29 per cent. Feb 5, 2026