The announcement by U.S. President Donald Trump and Prime Minister Narendra Modi that Washington will cut its “reciprocal” tariffs on Indian goods from 25% to 18% has brought immediate relief to Indian exporters and signalled a thaw after nearly a year of strained ties. The rollback also includes the removal of a punitive 25% penalty […]
Indian equity markets witnessed a sharp sell-off on Budget Day, with benchmark indices sliding nearly 2 per cent after Finance Minister Nirmala Sitharaman announced a steep hike in Securities Transaction Tax (STT) on futures and options, unsettling investor sentiment in a special Sunday trading session. The Sensex closed at 80,723, while the Nifty ended at […]
India has recalibrated its neighbourhood development assistance in the Union Budget 2026–27, increasing allocations for countries such as Nepal, Afghanistan, Bhutan and Sri Lanka, while sharply reducing aid to Bangladesh, signalling a selective realignment of regional priorities. According to Budget documents, India’s development assistance to Bhutan has been raised to Rs 2,288.56 crore, reaffirming Thimphu’s […]
• NRI equity investment limit per company doubled to 10%, aggregate cap raised to 24%.• MAT exemption announced for non-residents under presumptive taxation.• TCS on foreign education and medical remittances cut to 2%.• Property sale compliance eased; buyers no longer need a separate TAN. The Union Budget 2026–27 has marked a notable shift in the […]
Opposition parties mounted a sharp attack on the Union Budget 2026 on Sunday, accusing the government of failing to address the concerns of ordinary citizens, farmers, unemployed youth and small businesses, even as Finance Minister Nirmala Sitharaman presented her ninth consecutive Budget in Parliament. Leaders across parties said the Budget lacked concrete relief measures, ignored […]
Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026–27, outlining an ambitious growth strategy anchored in manufacturing expansion, infrastructure investment and sweeping tax reforms, while maintaining a tight fiscal framework amid global economic uncertainty. The Budget, the first to be prepared at Kartavya Bhawan, is built around three stated kartavyas—accelerating economic growth, building […]
The United Nations Deputy Secretary-General has warned that the foundations of the international rules-based order are under increasing strain, urging countries to recommit to the principles of the UN Charter and strengthen global cooperation. Speaking recently, Amina Mohammed described the UN’s founding document as a guiding framework for international relations and called on governments to […]
Ashishkumar Chauhan, Managing Director and Chief Executive Officer of the National Stock Exchange, on Sunday visited Tirupati with his family and offered prayers at the Lord Venkateshwara temple, seeking blessings for the exchange, its members, shareholders and the country. Speaking after the visit, Chauhan said the darshan took place early in the morning and described […]
Gurugram-based real estate developer Signature Global reported a sharp year-on-year decline in sales bookings for the October–December quarter, a period typically marked by robust housing demand due to the festive season. In a regulatory filing on Sunday, the company said sales bookings fell 27 per cent to ₹2,020 crore in the December quarter, compared with […]
The Goods and Services Tax (GST) 2.0 regime, set to come into force on September 22, 2025, will bring sweeping changes to India’s indirect tax system, but several key items will remain untouched. The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, approved a restructuring of the tax slabs by merging the 12% […]
India’s Income Tax Department on Monday announced that over seven crore income tax returns (ITRs) have been filed for the Assessment Year 2025-26, as the deadline of September 15 drew to a close. Officials described the surge in filings as a reflection of growing compliance and the expanding taxpayer base. In a post on X, […]
China has strongly rejected US President Donald Trump’s proposal that NATO members impose steep tariffs on Beijing, saying such measures would only worsen global tensions. Chinese Foreign Minister Wang Yi made the remarks on Saturday during a press conference in Ljubljana, Slovenia, following talks with Deputy Prime Minister and Foreign Minister Tanja Fajon. His comments […]
Gold prices are once again dominating global headlines. Hovering near all-time highs, the yellow metal has emerged as one of the most closely watched assets this September, reflecting a mix of investor anxiety, central bank policies, and domestic demand surges in India ahead of the festive season. From Wall Street to Chandni Chowk, gold’s rally […]
Hike, once touted as India’s homegrown rival to WhatsApp and later a promising player in online gaming, has officially shut down after the Indian government imposed a ban on real-money gaming. Founder and CEO Kavin Bharti Mittal confirmed the closure in a note shared on Substack, calling it “a difficult decision” made after discussions with […]
In an unprecedented turn of events, the Indian stock market made a remarkable recovery on Tuesday, April 15, as investors regained a colossal Rs 10.9 lakh crore in a single day. This recovery effectively wiped out the losses incurred following the US tariff shock on April 2, marking a significant milestone in the financial sector. […]
In a dramatic turn of events that has stunned both investigators and the public, fugitive diamond trader Mehul Choksi—accused in India’s largest-ever bank fraud case—has been arrested in Belgium after years on the run. The unexpected arrest has rekindled hopes for justice in the ₹13,500 crore Punjab National Bank (PNB) scam that rocked the country’s […]
U.S. markets closed lower Friday after China announced steep tariff hikes on American goods, targeting semiconductors manufactured in the U.S. Texas Instruments fell 6.8%, Intel dropped 3.7%, and GlobalFoundries declined 2.4% amid fears of disrupted trade flows. Shares of Nvidia and TSMC rose, buoyed by their offshore manufacturing. Analysts warn of escalating uncertainty in the […]
The elite group of U.S. tech megacaps, popularly dubbed the “Magnificent Seven,” has witnessed a sharp $2 trillion erosion in market value since April 2, following renewed trade tensions triggered by President Donald Trump’s announcement of sweeping reciprocal tariffs on nearly all trading partners. The announcement sent shockwaves through global equity markets, igniting a broad […]
The U.S. decision to impose tariffs on semiconductors is unlikely to significantly impact India in the short term, as the country is not a major chip exporter to the U.S., industry experts said Thursday. With India already imposing zero import duties on semiconductors, the country faces no immediate trade retaliation concerns, said Ashok Chandak, president […]
NEW YORK, Feb. 20 — The war of words between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky escalated Wednesday as Trump suggested Ukraine could be sidelined in negotiations to end the war with Russia. “Zelensky better move fast or he’s not going to have a country left,” Trump wrote on Truth Social, claiming […]