Business

New Delhi: The Indian stock market witnessed a massive rally today following the announcement of the India-US trade deal. In early trading, the BSE Sensex surged by 3,500 points, while the Nifty 50 index jumped nearly 1,200 points. In just 15 minutes, the combined market capitalization of BSE-listed companies soared by ₹13 lakh crore, reaching ₹468.32 lakh crore. At 10:30 AM, the Sensex was trading at 83,983.70, up 2,317.24 points (2.84%), while the Nifty 50 rose 704.05 points (2.81%) to 25,792.45. Sector and Stock Performance Among Sensex constituents, significant gains were seen in Adani Ports, Bajaj Finserv, Reliance Industries, Infosys, Titan, Mahindra & Mahindra, Larsen & Toubro, Indigo, Sun Pharma, Trent, HCL Tech, and Maruti Suzuki, with prices rising between 3% and...

New Delhi: India, currently the second-largest steel producer in the world after China, is planning a significant increase in capital expenditure (Capex) in the steel sector for the financial year 2026-27. While the country produces around 205 million tonnes of steel annually, it still lags behind countries like Japan and South Korea in specialized steel production. Government-owned steel companies are set to play a key role in bridging this gap. According to Budget 2026 documents presented by Finance Minister Nirmala Sitharaman in Parliament, public sector steel companies are expected to significantly increase their investment in machinery, plants, and infrastructure. The total Capex for FY 2026-27 is projected to rise by approximately 44% to ₹25,125 crore, which is also expected to bo...

New Delhi: After a long wait, India and the United States have finalized a trade deal. U.S. President Donald Trump announced that tariffs on Indian goods will be reduced from 50% to 18%, providing much-needed relief to Indian exporters. The deal comes at a crucial time for sectors such as garments, leather, and footwear, which had been worried about the upcoming summer export season. While some smaller Indian companies had paused exports to the U.S., larger firms were offering heavy discounts to sustain their business. Key Highlights of the Deal The 25% additional tariff on Indian imports linked to Russia’s oil purchases will also be removed. President Trump confirmed that India has agreed to halt Russian oil imports. The deal takes into account India’s concerns while addressi...

Revathi Kamath’s Journey of Determination and Resilience New Delhi: The inspiring story of Revathi Kamath, mother of Zerodha co-founders Nikhil and Nitin Kamath, is a testament to perseverance and grit. Today, she leads a successful life, but her early journey was far from easy. Recently, she shared a story from her early days on social media that still brings tears to her eyes—a story not of wealth or status, but of struggle, courage, and life’s unexpected turns. Revathi Kamath began her career as a freelance florist, managing decor for banquet events. She recalls one incident that shook her deeply: after an event, her workers arrived late to remove the previous day’s decorations, and she was asked to pay a fine of ₹300. While this amount may seem small today, at the time, it was si...

Share Market Update: On Monday, the Indian stock market made a strong comeback after a slump on the Budget day. Both the Sensex and Nifty 50 closed with significant gains. The Sensex surged over 900 points, ending at 81,666.46, while the Nifty rose 262.95 points to close at 25,088.40. Market Drivers: The rally followed news of a trade deal between India and the United States. Under the deal, the U.S. reduced the reciprocal tariff on Indian goods from 25% to 18%, raising expectations of further market gains. Sector Performance: Infrastructure and auto stocks led the market gains. Key sector indices closed with the following increases: Nifty Infra: +2.26% Nifty Auto: +2.13% Nifty PSE: +2.04% Nifty Oil & Gas: +2.04% Nifty Metal: +1.88% Nifty Commodities: +1.87% ...

New Delhi: A stock that once turned investors into overnight millionaires is now inflicting heavy losses. Shares of Elcid Investments Ltd, which stunned the market in 2024 with an unprecedented price surge, have since been on a sustained decline, falling more than 25% over the past year. On Monday, the stock closed at ₹1,14,449.95, registering only a marginal recovery. A year ago, it was trading around ₹1,56,028. The stock has declined roughly 27% in 12 months, while slipping 9% over the past month and 17% in six months. From its all-time high of ₹3,32,399.95, the stock has plunged nearly 65%, erasing more than half of investor wealth. From ₹3 to Over ₹2.3 Lakh in a Day Elcid Investments had grabbed headlines in October 2024 after an extraordinary revaluation event. The stock pric...

The Indian stock market rebounded strongly today after suffering a sharp decline following the Union Budget announcement. Investor sentiment had been hit hard in the previous session, and even the Sunday market opening did little to ease the pressure. Sensex and Nifty Rebound The BSE Sensex closed 943.52 points higher, a 1.17% gain, at 81,666.46 points. The NSE Nifty50 index rose by 262.95 points, or 1.06%, to 25,088.40 points. In contrast, on Sunday, the Sensex had plunged 1,546 points, wiping out an estimated ₹10 lakh crore of investors’ wealth. Sectoral Gains Key Sensex stocks saw notable gains today: Reliance Industries surged 3.05% to close at ₹1,387.10. Adani Ports gained 4.61%. Hindustan Copper jumped 6.5%, recovering from a 21% decline over the last two sessio...

The recent plunge in gold and silver prices has left investors concerned. On the Multi Commodity Exchange (MCX) today, silver futures dropped nearly ₹40,000 per kilogram in a single session, while gold fell over ₹10,000 per 10 grams. This sudden volatility raises the question: is this an opportunity for investors, or a signal to exercise caution? Experts weigh in. Sharp Decline Across Markets Over the past few days, precious metals have seen significant losses. Gold has dropped by nearly 19% against the US dollar, while silver has fallen up to 40% from its recent highs. Indian equity markets have also witnessed a decline, with Sensex and Nifty down approximately 5% in 2026 so far. Analysts attribute this downturn to foreign investor sell-offs and rising geopolitical tensions. Turm...

The Union Budget 2026-27, presented by Finance Minister Nirmala Sitharaman on Sunday, left taxpayers with mixed feelings. Many had hoped for an increase in the standard deduction or adjustments in income tax slabs, but the government kept the tax slabs, standard deduction, and other deductions unchanged. While income tax rates remain the same, the new labour codes have been notified, though they are not yet implemented. So, what will your take-home salary be if your CTC is ₹12 lakh? Let’s break it down. CTC Breakdown Basic Pay: ₹2,88,000 Dearness Allowance (DA): ₹72,000 Total Wages: ₹3,60,000 Employer PF Contribution: ₹43,200 Employer NPS Contribution: ₹50,400 Gratuity Component: ₹17,316 Special Allowance: ₹7,29,084 Total CTC: ₹12,00,000 Calculating Take-...

The Indian government is reportedly considering raising the FDI (Foreign Direct Investment) limit in public sector banks. Currently, there are 12 public sector banks in India with combined assets of around ₹171 lakh crore, accounting for approximately 55% of the country’s banking sector. The government aims to retain a 51% stake in these banks, though its current ownership is significantly higher. FDI Proposal in Public BanksAccording to a Reuters report, the government is discussing the possibility of allowing up to 49% foreign direct investment in state-owned banks. Presently, the FDI cap in these banks is 20%. Financial Services Secretary M. Nagaraju stated that ministries are consulting with each other on this proposal. Reports indicate that the Finance Ministry has also been in dis...