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Showing posts from February, 2025

Maha Kumbh, govt capex to push Q4 growth: Chief economic adviser

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zgTlQhX

Sensex plunges 1,414 points to 73k, worst fall in 5 months

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Retain interest rate at 8.25% for current FY: EPFO board

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5tno9Os

AC prices heat up on weak Re, supply woes

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/f4WuXAj

After private sector experiment, finance secretary Tuhin Kanta Pandey named Sebi chief

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Tuhin Kanta Pandey has been named the new chairman of Sebi, succeeding Madhabi Puri Buch. Pandey, a 1987-batch IAS officer with extensive experience in finance, is known for his adherence to rules and clean image. He will face the challenge of addressing staff issues at Sebi and maintaining confidence among stakeholders. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tp60Js9

Airtel 'in talks' with Tatas to buy DTH biz

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Bharti Airtel is in discussions with the Tata Group to potentially acquire its DTH business, Tata Play, aiming to merge it with Airtel's Bharti Telemedia. This comes years after Airtel's acquisition of Tata Group's consumer mobile business. As of Q3 2024, Tata Play held a 32% share in the DTH market, ahead of Bharti Telemedia's 29.4%. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Zr8S6uB

Pay up to 20% more for vacations abroad

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Falling rupee and rising hotel tariffs have made overseas holidays more expensive for Indians, with a 15%-20% increase in costs compared to last year. European and Southeast Asian destinations are most affected. Despite the hike, travel interest remains high, with more bookings for exotic locations. The strengthening dollar and domestic travel costs are also contributing factors. Free e-visas from several countries are boosting interest. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vOweGU4

Wall Street stocks climb ahead of key Nvidia results

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US stocks climbed Wednesday, driven by tech gains ahead of Nvidia's crucial earnings report. Nvidia soared 4%, its performance seen as critical after concerns over AI infrastructure surfaced. The S&P rose 0.6%, the Nasdaq 100 added 1%, while the Dow Jones gained 0.1%. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sUx3KL1

Double trouble for foreign education: Weaker rupee, tougher visas

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A weak rupee is increasing costs for Indian students studying abroad, exacerbated by tighter post-education work visa norms in the UK and Canada. This could lead to longer loan repayment periods or higher EMIs. Experts suggest locking in foreign exchange rates early and seeking scholarships to reduce financial burden, while recommending students to focus on emerging fields for better job prospects. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0TKFaXx

RBI relaxes rules for micro credit, non-bank lenders

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The RBI has eased restrictions on lending to non-bank finance companies and microfinance institutions by lowering risk weights for bank credit. This move aims to boost lending capacity and support economic growth, reversing the slowdown observed after previous regulatory measures. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ow5Y7v1

Government seeks merchant bankers for stake sales in PSU lenders

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Dipam has invited bids from merchant bankers to assist in the government's planned stake sale in select public sector banks and listed financial institutions. The application process includes two categories based on transaction size and a two-stage selection process, with the last date for bid submission being March 27. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cYxK2yh

'RBI's loan prepay fee ban to hit NBFCs more than banks'

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RBI's proposal to remove foreclosure charges on loans up to Rs 7.5 crore could significantly impact PNB Housing Finance and Aditya Birla Capital, with 27% and 26% of their assets in floating-rate loans, respectively. Banks like Axis, IndusInd, and Kotak Mahindra may also face higher impacts. This move is expected to increase competition and reduce profitability in retail loans, benefiting better-rated NBFCs. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vSYXApK

FTA talks on: India, UK eye social security pact

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India and the UK have resumed discussions on a free trade agreement, including social security and investment. India is open to reducing tariffs to foster competitive business relations. Both sides aim for a balanced and mutually beneficial deal, prioritizing quality over speed, with a focus on business visas for students. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/s4PSObr

Sensex slips below 75k mark, logs lowest level in 8 months

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The Sensex dropped for the fifth consecutive session, closing at an eight-month low of 74,454 points. Weak global sentiment and substantial foreign fund outflows affected the market. IT, telecom, and metal stocks led the decline, while the broader Nifty also fell significantly. Despite the selloff, optimistic forecasts suggest potential recovery. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6i7zpHN

US reciprocal tariffs may hit exports of India-made iPhones, auto parts

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Apple and auto component makers face potentially significant losses if the Trump administration imposes reciprocal tariffs on electronics and smartphones imported from India. This move could disrupt Apple's manufacturing investments, which currently benefit from zero import duties in the US, and impact the competitive edge of India's electronics and auto components exports. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gtc5AzS

India, UK trade talks: Focus on scotch, visas

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Negotiations for the UK-India free trade agreement restart under the new UK government, focusing on duty cuts for Scotch and cars, and easier visas for Indian professionals. Concessions are being discussed, with India seeking better business visa terms and a fair treatment of its spirits in the UK market. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WKpDs0R

Sebi may expand angel fund investor pool, scrap 200 cap

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/13YGLlw

RBI plans $10 billion dollar-Re swap to improve liquidity

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fkeTL5o

'Appropriate time for a rate cut': RBI governor in policy meet

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qmTBAo1

India begins homework for proposed trade deal with US

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NWym9Jw

PhonePe prepares for public listing

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vLgN8A2

RBI net sold over $15 billion forex in December

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XhUbf76

Smartphone exports jump 50% on iPhone shipments

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India's mobile phone exports have increased by nearly 50% in the first 10 months of the financial year, led by iPhone production. Apple has significantly ramped up manufacturing, making India a global hub. Exports are expected to reach Rs 1.8 lakh crore by year-end, bolstered by government incentive schemes and boosted local production. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LdKWv1u

Tesla’s cars coming soon to India? Company advertises positions for retail staff

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Elon Musk may be finally moving forward with launching Tesla's electric cars in India, following recent discussions with Prime Minister Narendra Modi. Tesla has advertised for retail positions in Mumbai and is expected to import cars initially, encouraged by recent government policies and incentives. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LdWG74A

SBI MF first to unveil Rs 250 micro-SIPs

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LOY75jE

PD Singh to take over as StanChart CEO from Zarin Daruwala

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7Pjc20z

Cautious investors seen avoiding 'risk on' trades

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Market players are concerned as the sensex and nifty fell by around 2.5% last week due to continuous foreign fund selling, rupee weakness, and the US-initiated tariff war. Additionally, weak quarterly corporate results contributed to the declines. Analysts suggest that without stability in US trade relations, markets will remain cautious. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3qk0NLJ

Calls for differential deposit cover intensify

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India's deposit insurance fund of nearly Rs 2 lakh crore ranks third globally but covers only 46.3% of deposits due to a Rs 5 lakh coverage limit. Calls for higher coverage have been reignited, particularly for senior citizens and small depositors, following recent banking issues. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/62UvqWe

New India Cooperative Bank fraud: General manager remanded in police custody until February 21

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A Mumbai court has remanded Hitesh Mehta, a former general manager of New India Cooperative Bank, and Dharmesh Paun in police custody until February 21 for allegedly misappropriating Rs 122 crore. The Reserve Bank of India has taken control of the bank's board and imposed withdrawal restrictions amid ongoing investigations. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0Stjm3z

Biz key to becoming developed, have given it priority: Mandaviya

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Labour and employment minister Mansukh Mandaviya emphasized the Modi government's priority on industry and trade to elevate India to a developed nation by 2047. Highlighting initiatives like 'Make in India' and 'Startup India', he noted the increase from four to 118 unicorns over the last decade. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q0uI6kC

Bitter chocolate: High prices pinch pockets on Valentine's Day

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Rising global cocoa prices have led to a surge in chocolate costs this Valentine's Day, with chocolate makers like Amul and Smoor Chocolates increasing prices. Companies like Mondelez, Hershey's, and Nestle are also dealing with unprecedented cocoa cost inflation and may implement further price hikes. Consumers already facing inflation now have to spend more on chocolates. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZVap7Mh

Heavy FII selling reins in Rupee gains even as US Dollar stabilises

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Foreign funds have withdrawn over Rs 1 lakh crore from the Indian stock market in 2025, impacting investor sentiment and causing the rupee to weaken. This outflow, combined with a strong dollar and rising US bond yields, has led to an ongoing market decline and increased volatility. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/J4ifYTn

Sales surge: Valentine's Day brings cheers for consumer cos

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Consumer-centric companies are witnessing a surge in sales as Valentine's Day approaches, with increased demand for jewellery, apparel, premium chocolates, and curated experiences. Quick commerce platforms like Zomato are capitalising on the spike in demand for flowers, cakes, and desserts. Retailers report sales on par with the festive season, boosting Valentine's Day's commercial appeal. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/w2jIqGE

Hindalco profit rises 60% to Rs 3,735cr in Q3 on higher income

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7XDviQN

Govt keeping a close watch on prices & rupee, says FM Sitharaman

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Finance minister Nirmala Sitharaman expressed confidence in moderating inflation while emphasizing that the government and RBI are monitoring the price situation. She addressed concerns regarding the fluctuating rupee and defended Budget calculations against criticism. Sitharaman highlighted the measures taken to manage food inflation and assured that the steps taken are realistic despite global economic uncertainties. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vQuqUHF

Voda Idea CEO calls for more frequent telecom tariff hikes

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RUx2c8T

ONGC-NTPC green JV acquires Ayana in $2.3 billion deal

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ONGC-NTPC Green Pvt Ltd's joint venture signed a $2.3 billion deal to acquire Ayana Renewable Power Pvt Ltd, marking their first strategic investment since 2024. The acquisition aligns with the net-zero vision of ONGC and NTPC, leveraging Ayana's extensive renewable portfolio for further expansion and growth. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hBTjsly

PetroBras plans to return, inks MoU with OIL, OVL

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xRn7sAB

Sensex tumbles 1,018 points as Trump tariffs take toll

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On Tuesday, the sensex and Nifty closed lower for the fifth straight session due to weak global and domestic cues. Trump’s tariffs and ongoing US trade policy uncertainty, along with a weak rupee and continuous foreign fund outflows, impacted market sentiment. Sensex dropped by 1,018 points, Nifty by 310, and mid- and small-cap indices saw significant losses. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PRzmOvY

42% manufacturing companies plan to invest: Survey

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mtYgCkD

Record Street: Rupee nears 88/$, gold Rs 88k

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/60DPEtJ

'Government's capex spends set to gather pace'

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Expenditure Secretary Manoj Govil anticipates an uptick in capital spending, citing early signs. He discusses upcoming 8th Pay Commission, expected by April, and its fiscal impact starting 2026. He also addresses the unified pension scheme aimed to be operational by April, foreseeing increased financial requirements. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hrBJxgQ

Audit regulator NFRA gets boost from court ruling

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8w1FLNb

'Health insurance to beat motor business'

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vfX1mA3

Bajaj Auto to ride into e-rickshaw segment by end of ongoing fiscal

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Bajaj Auto plans to enter the domestic e-rickshaw market by the end of this fiscal, anticipating a significant opportunity in the 45,000 units-per-month segment. The company aims to launch a modern e-rickshaw, enhancing satisfaction for owners and passengers. Additionally, Bajaj Auto seeks to boost its electric scooter market share with its newly introduced '35 platform'. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4OBzTRX

New I-T bill may be introduced in House on Tuesday

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yYcijNZ

Fiscal, monetary steps to help boost consumption, says Finance minister Nirmala Sitharaman

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Finance minister Nirmala Sitharaman emphasized that coordinated fiscal and monetary efforts by the government and RBI will boost consumption. She noted early signs of strong orders for the next fiscal, indicating a recovery in consumption and potential private investment. Her remarks followed income tax relief measures and an RBI rate cut, highlighting collaboration with the RBI to maintain economic stability. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/N2I8tWU

RBI expects economy to grow 6.7% in next fiscal

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9ZaXhTC

Zomato to be renamed as Eternal

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Auto retail sales up 7% in January: FADA

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GCCs set to top IT services companies in hiring, says report

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from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IYKkRVl