Business & Economy

New Delhi: The story of Seema Bansal, a native of Gwalior, is a testament to resilience, determination, and hard work. Today, her company is a recognized name in the packaging industry, but her journey began under extremely challenging circumstances. A Childhood Marked by HardshipSeema recalls, “My father passed away when I was just one-and-a-half years old. Our financial situation was so dire that my mother did not even have enough money to arrange my father’s last rites. She sold our only ceiling fan for ₹170 and used that money to perform the funeral.” Her mother, single-handedly raising four children, worked tirelessly to provide for the family, teaching music to earn a living and ensuring all children attended school. Due to financial constraints, Seema had to switch to a govern...

New Delhi: The India-US trade deal has triggered a strong rally in the Indian stock market on Tuesday. Both the BSE Sensex and NSE Nifty 50 closed with significant gains. The Sensex surged 2,072.67 points (2.54%) to close at 83,739.13, while the Nifty gained 639.15 points (2.55%) to settle at 25,727.55. Realty and financial stocks played a key role in driving the market higher. Nifty Realty rose 4.79%, and Nifty Financial Services gained 3.27%, emerging as the top sectoral performers. Other indices that closed in the green included Nifty Healthcare (3.16%), Nifty Infrastructure (3.03%), Nifty Pharma (3.02%), Nifty Energy (3.02%), Nifty Auto (2.81%), and Nifty Metal (2.87%). Top Performing Stocks:Among Sensex stocks, 28 out of 30 closed in the green. Notable gainers included Adani Por...

New Delhi | February 3: India’s leading tractor export brand, Sonalika Tractors, has achieved its fastest-ever year-to-date (YTD) sales, delivering 1,51,604 tractors in the first 10 months of FY’26 (April 2025–January 2026). The milestone comes as the company celebrates its 30th anniversary and underscores its brand promise of delivering ‘Jeetne ka Dum’ to farmers. Driven by heavy-duty tractors equipped with future-ready technologies, Sonalika has continued to support agricultural growth across India. The company attributes its record performance to rising farm mechanisation, increased investment in rural infrastructure, and a focus on consistent product innovation. Since its inception 30 years ago, Sonalika has evolved from a small-town enterprise into India’s No. 1 tractor export b...

In a landmark development, India and the United States finalized a major trade deal on Monday, with the U.S. agreeing to cut tariffs imposed on Indian goods from 50% to 18%. Additionally, the 25% tariff on Russian oil was removed, leaving an effective U.S. tariff on India at just 18%. U.S. President Donald Trump highlighted the deal on social media, noting that India has reportedly agreed to stop buying oil from Russia, potentially turning to Venezuela instead. Trump suggested that this step would contribute to ending the ongoing conflict in Ukraine, where thousands are losing their lives weekly. Trump also claimed that Prime Minister Narendra Modi promised to reduce India’s tariffs and non-tariff barriers for U.S. goods to zero, giving America a perceived upper hand in the tariff ga...

Mumbai | February 3: Indian stock markets witnessed a sharp rally on Tuesday as benchmark indices ended significantly higher following the announcement of a trade deal between India and the United States. Under the agreement, the US will reduce reciprocal tariffs on Indian goods to 18 per cent, boosting investor sentiment. The 30-share BSE Sensex opened on a positive note and surged to an intraday high of 85,871.73, climbing 4,205.27 points or 5.14 per cent. It later settled at 83,739.13, up 2,072.67 points, marking a 2.54 per cent gain. Meanwhile, the 50-share NSE Nifty mirrored the uptrend, rising 639.15 points or 2.55 per cent to close at 25,727.55. During the session, it hit a peak of 26,341.20, registering a 4.99 per cent intraday gain of 1,252.8 points. The surge reflects re...

Shares of Ola Electric Mobility Limited continued to slide on Tuesday, closing at ₹31.04, down over 2.5% on the BSE. Over the past month, the stock has lost nearly 29%, raising concerns among investors about further declines. Analysts’ ViewsMarket experts suggest that the stock may continue to face downward pressure. According to Osho Krishnan, Senior Analyst – Technical and Derivative Research at Angel One, “The stock has seen a significant fall, and indicators suggest it could drop further to ₹26–25. On the upside, resistance levels are observed at ₹35–38, with a strong resistance zone at ₹40–42.” Technical Trends Point to Further WeaknessDrumil Withlani, Technical Analyst at Bonanza, notes that Ola Electric shares are in a consistent downtrend on the weekly chart. “Whenever the st...

Elon Musk has added another company to the trillioneaire club. The billionaire recently merged his AI startup XAI with his rocket company SpaceX, boosting SpaceX’s valuation to $1.25 trillion. This makes it the 11th most valuable company in the world, joining Tesla in Musk’s growing empire. Merger Details and ValuationThe merger combines Musk’s space exploration and AI ventures under a single umbrella. Reports indicate that SpaceX is preparing for an IPO in the coming months, which could value the company at $1.75 trillion, potentially making it the largest IPO in history. For comparison, the previous record was held by Saudi Aramco, which raised $29 billion in 2019. Global Rankings of Most Valuable CompaniesCurrently, the world’s most valuable publicly listed companies are: NVID...

New Delhi: Shares of Reliance Industries, led by India and Asia’s wealthiest businessman Mukesh Ambani, witnessed a significant jump today after a long lull. During trading, the stock surged by up to 7% on the BSE, reaching ₹1,489, driven by optimism following the India-US trade deal announcement. US President Donald Trump hinted at renewed oil purchases from Venezuela, signaling potential benefits for Reliance, whose refining infrastructure is well-suited for processing heavy Venezuelan crude. India had not imported oil from Venezuela since May last year, but market expectations are now shifting toward resuming these imports. Why Reliance Is Poised to Benefit According to Kpler, Indian firms purchased an average of 70,000 barrels of Venezuelan crude daily in 2024. Venezuelan oil,...

New Delhi: Adani Group, led by Gautam Adani, is making significant strides in India’s defence manufacturing sector. Its subsidiary, Adani Defence & Aerospace, has signed a landmark agreement with Italy’s aerospace giant Leonardo to establish a comprehensive ecosystem for manufacturing advanced helicopters in India. This follows the company’s earlier plans to produce airplanes domestically. Boosting ‘Make in India’ in Aerospace The partnership aims to strengthen India’s self-reliance in defence aviation under the government’s Make in India initiative. The collaboration will set up an end-to-end ecosystem in India for the production, maintenance, and training related to advanced helicopters. This initiative is expected to meet the Indian Armed Forces’ helicopter requirements while ...

New Delhi: After months of negotiations, India and the United States have finalized a highly anticipated trade deal, being hailed as the “Father of All Deals.” The agreement sets a target of $500 billion in bilateral trade by 2030 and includes a detailed “wish list” from the U.S. regarding products India may purchase. Key Highlights of the Deal U.S. President Donald Trump personally announced the agreement, stating that U.S. tariffs on Indian goods have been reduced from 25% to 18%. Trump further expressed hope that India could purchase up to $500 billion worth of U.S. products, including agricultural items. The opposition raised strong objections in Parliament over the deal. According to a Reuters report citing a government official, India has agreed to buy petroleum, defense equ...