Indian Markets Crash After Budget Disappointment Over STT Hike

Indian Markets Crash After Budget Disappointment Over STT Hike

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 […]

Budget 2026 Sets Growth Push With Manufacturing, Infra, Tax Overhaul At Core

Budget 2026 Sets Growth Push With Manufacturing, Infra, Tax Overhaul At Core

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 […]

World News in Brief: IOM warning for Sudan returnees, Nipah virus alert for India, food security in Afghanistan

They did so despite extensive damage to housing, basic services, vital infrastructure, and an uncertain future.  The highest number of returns were recorded in Khartoum State, where more than 1.3 million people have made the journey home, followed by nearby Aj Jazirah State, according to IOM’s latest data. Pockets of security IOM says the number […]

PHDCCI Seeks Creation Of Critical Minerals Dept, Calls For Aggressive Resource Diplomacy

PHDCCI Seeks Creation Of Critical Minerals Dept, Calls For Aggressive Resource Diplomacy

The PHD Chamber of Commerce and Industry (PHDCCI) has urged the Centre to establish a dedicated Department of Critical Minerals and adopt a policy of “aggressive mineral diplomacy” to safeguard India’s economic interests amid mounting global supply-chain risks. At a brainstorming session hosted by the chamber, industry experts underscored the urgency of developing a complete […]

World News in Brief: Gaza aid crisis latest, deadly floods in India and Pakistan, funding cuts exacerbate Somalia drought

World News in Brief: Gaza aid crisis latest, deadly floods in India and Pakistan, funding cuts exacerbate Somalia drought

In an alert from the World Food Programme (WFP), the agency said that half a million people “are on the brink of famine”, a claim backed up by multiple humanitarian agencies. The latest worrying data is showing widespread acute malnutrition. A ceasefire is the only way to scale up aid deliveries, the UN agency insisted. It explained […]

UN Secretary-General urges military restraint from India, Pakistan

UN Secretary-General urges military restraint from India, Pakistan

In a note to correspondents issued by his spokesperson on Tuesday, Secretary-General António Guterres called for military restraint from both countries. “The world cannot afford a military confrontation between India and Pakistan,” the note said. On Monday, the Secretary-General had warned that the tensions between the two South Asian neighbours had reached “their highest in […]

‘Step back from the brink’, Guterres urges India and Pakistan

‘Step back from the brink’, Guterres urges India and Pakistan

Addressing journalists outside the Security Council at UN Headquarters in New York, Mr. Guterres expressed deep concern over deteriorating relations between the two South Asian neighbours, saying they had reached “their highest in years.” He reiterated his condemnation of the 22 April terror attack in the Pahalgam area of Jammu and Kashmir, which killed at […]

US Semiconductor Tariffs: India Faces Limited Immediate Impact

US Semiconductor Tariffs: India Faces Limited Immediate Impact

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 […]

India’s Wholesale Price Inflation Rises to 1.84% in September

India’s Wholesale Price Inflation Rises to 1.84% in September

India’s wholesale price inflation (WPI) climbed to 1.84% in September, driven primarily by rising prices of food articles and select manufacturing sectors, according to government data released on Monday. The inflation rate in September marked an increase from 1.31% in August and 2.04% in July. The month-over-month change in the WPI index was a modest […]

India’s Ship Recycling Industry To See 10% Growth by 2028: Report

India’s Ship Recycling Industry To See 10% Growth by 2028: Report

India’s ship recycling industry is poised for substantial expansion, with an expected compound annual growth rate (CAGR) of 10% by 2028, positioning it as a key player in the global market. According to a report by CareEdge Ratings, India accounted for 33% of the global gross tonnage (GT) dismantled in 2023, placing it second only […]

India’s Forex Reserves Decline Slightly But Stay Above $700 Billion

India’s Forex Reserves Decline Slightly But Stay Above $700 Billion

India’s foreign exchange reserves remained above $700 billion for the second straight week, according to data from the Reserve Bank of India (RBI) released on Friday. As of October 4, the reserves stood at $701.18 billion, marking a decline of $3.71 billion from the previous week. India’s forex reserves, which are at an all-time high, […]

Indian Startups Raise $93 Million Despite Slower Week Amid Funding Dip

Indian Startups Raise $93 Million Despite Slower Week Amid Funding Dip

BENGALURU, Oct 5, 2024: In a relatively quiet week for Indian startups, 21 companies raised nearly $93 million across 16 deals, signaling a significant drop compared to the $461 million raised by 29 startups just a week prior. This week’s tally included four growth-stage deals and 12 early-stage fundings. Agriculture supply chain startup Waycool secured […]

60 Killed, 100 Injured in Moscow Terror Attack on Mall, India Condemns

60 Killed, 100 Injured in Moscow Terror Attack on Mall, India Condemns

Indian Prime Minister Narendra Modi extended solidarity with Russia and condemned the terrorist attack that claimed over 60 lives and injured several others. “We strongly condemn the heinous terrorist attack in Moscow. Our thoughts and prayers are with the families of the victims. India stands in solidarity with the government and the people of the […]

Jaishankar on 3-nation tour to Singapore, Philippines, Malaysia

Jaishankar on 3-nation tour to Singapore, Philippines, Malaysia

India’s External Affairs Minister Dr. S Jaishankar is set to undertake a diplomatic tour to Singapore, the Philippines, and Malaysia from March 23 to 27, aiming to bolster bilateral ties. According to a statement from the Ministry of External Affairs (MEA) issued on Saturday, the visit to these Southeast Asian nations will serve as a […]

India bans 18 OTT Platforms due to obscene content

India bans 18 OTT Platforms due to obscene content

In a decisive move, the Indian government has announced the prohibition of 18 over-the-top (OTT) platforms due to their dissemination of obscene, vulgar, and in some cases, pornographic content. This action follows repeated warnings issued by the Ministry of Information and Broadcasting, as disclosed by Union Minister Anurag Thakur. Among the targeted platforms, one app […]

CAA comes into effect, Minorities from Pakistan, Bangladesh, Afghanistan to get India Citizenship

CAA comes into effect, Minorities from Pakistan, Bangladesh, Afghanistan to get India Citizenship

The Union Home Ministry on Monday, March 11, 2024, notified the rules for the Citizenship Amendment Act (CAA), providing for granting citizenship to people of certain faiths facing persecution in neighbouring countries like Pakistan, Bangladesh, and Afghanistan and it applies to those who moved to India before 2015. An MHA spokesperson announced that immigrants eligible […]

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