Sunday, June 21

Business

Economic Survey 2026: Budget to Be Presented on Sunday; Survey to Be Tabled on Thursday
Business

Economic Survey 2026: Budget to Be Presented on Sunday; Survey to Be Tabled on Thursday

This year, the Union Budget 2026 will make history by being presented on a Sunday in the Indian Parliament. Ahead of the budget, the Economic Survey 2026 will be tabled on Thursday, 29 January 2026. Key Dates of Budget Session 2026 The Budget Session of Parliament will commence on 28 January 2026 with the joint address of President Droupadi Murmu. The Economic Survey 2026 will be presented the next day, 29 January, at 11:00 AM by Chief Economic Advisor V. Anant Nageshwaran. The Union Budget 2026 will be presented on Sunday, 1 February 2026, at 11:00 AM by Finance Minister Nirmala Sitharaman. The Budget Session will conclude on 2 April 2026. About the Economic Survey The Economic Survey is an annual report on the state of the Indian economy. It provides a detailed rev...
Adani to Assemble Airplanes in India, Signs Deal with Brazil’s Embraer
Business

Adani to Assemble Airplanes in India, Signs Deal with Brazil’s Embraer

The Adani Group, India’s largest private airport operator, is set to take a major leap into aircraft manufacturing. Its company, Adani Aerospace & Defence, has signed a landmark deal with Brazil’s Embraer to assemble commercial aircraft in India. The partnership comes under the government’s “Make in India” initiative and aims to create a complete ecosystem for Regional Transport Aircraft (RTA) in the country. Historic Deal in Presence of Aviation Minister New Delhi: The agreement was signed at the Ministry of Civil Aviation, in the presence of Union Civil Aviation Minister Ram Mohan Naidu. Embraer, the world’s third-largest aircraft manufacturer after Airbus and Boeing, will collaborate with Adani to establish aircraft assembly operations in India. While the exact location of the...
Budget 2026: Real Estate Sector Seeks Higher Tax Deduction on Home Loan Interest
Business

Budget 2026: Real Estate Sector Seeks Higher Tax Deduction on Home Loan Interest

With Budget 2026 just days away, various industry bodies are presenting their wish lists to the Union Finance Ministry. The real estate sector has high hopes, urging the government to provide greater relief for home buyers and rental housing investors. CREDAI and NAREDCO Call for Higher Home Loan Interest Deduction New Delhi: Real estate developers’ organizations CREDAI and NAREDCO have requested that the income tax deduction on home loan interest be increased from the current ₹2 lakh limit to ₹5 lakh. The move is aimed at making homeownership more affordable and encouraging investment in the housing sector. Revising Affordable Housing Definition Both organizations have also sought changes to the definition of affordable housing. CREDAI President Shekhar Patel pointed out that ...
Adani Group Shares Rebound After Steep Losses, Gains ₹1.2 Lakh Crore Market Value
Business

Adani Group Shares Rebound After Steep Losses, Gains ₹1.2 Lakh Crore Market Value

Shares of the Adani Group, which had seen a sharp decline last Friday, surged today, recovering a significant portion of their lost market capitalization. The group’s flagship companies—Adani Enterprises, Adani Ports, and Adani Green—rose by up to 6%. Market Recovery Following Legal Developments New Delhi: India’s third-largest industrial conglomerate witnessed a strong rebound in its stock prices today. Adani Enterprises gained 5.5% to hit an intraday high of ₹1,965 per share on the BSE, Adani Ports rose 4.5% to ₹1,368, and Adani Green climbed 6% to ₹818 per share. Adani Total Gas shares increased 3.4% to ₹535, while cement giants Ambuja Cements and ACC rose by up to 2%. The recovery comes after Gautam Adani and his nephew Sagar Adani, through their legal representatives, filed t...
India-EU Trade Deal Finalized: PM Modi Announces the ‘Mother of All Deals’
Business

India-EU Trade Deal Finalized: PM Modi Announces the ‘Mother of All Deals’

The long-anticipated trade deal between India and the European Union (EU) has been finalized, with Prime Minister Narendra Modi personally announcing the agreement. Describing it as the “Mother of All Deals,” Modi said the historic pact presents a significant opportunity for India and will enhance global confidence in the country. Historic Agreement Between Two Major Economies New Delhi: Speaking at India Energy Week, PM Modi highlighted that the trade deal represents nearly 25% of global GDP and around one-third of global trade, marking a milestone in India-EU economic relations. Europe is India’s largest trading partner, and both sides have been negotiating a Free Trade Agreement (FTA) for several years. “Yesterday, India and the European Union signed a major agreement, which is...
SEBI Opens Doors for Retail Investors; Free Algo Trading Platform Launched
Business

SEBI Opens Doors for Retail Investors; Free Algo Trading Platform Launched

Retail investors in India now have access to algorithmic (algo) trading, a domain that was previously dominated by large investors and proprietary traders. Pune-based fintech and stockbroking firm Definedge Securities has launched a new trading platform named ALGOSTRA, offering fully customizable retail trading automation with no platform fees. Definedge Securities Introduces ALGOSTRA Mumbai: For stock market traders frustrated by recurring platform fees, there is good news. Definedge Securities has rolled out ALGOSTRA, India’s first fully customizable retail algo trading platform. The platform allows traders to automate their strategies entirely, providing full transparency while eliminating any platform charges. SEBI Framework Paves the Way The launch comes three months after...
Gold and Silver Prices Surge: Silver Hits ₹25,000, Gold Also Gains Sharply
Business

Gold and Silver Prices Surge: Silver Hits ₹25,000, Gold Also Gains Sharply

Gold and silver prices witnessed a significant jump today, hitting record highs in the domestic market. At market opening, silver surged by ₹25,000, while gold gained nearly ₹3,700, reflecting strong demand for safe-haven assets amid global geopolitical tensions. Market Update – MCX Trading New Delhi: In early trading on the Multi Commodity Exchange (MCX), March 5 silver futures reached a record high of ₹3,59,800 per kilogram, up nearly 7% from the previous session’s close of ₹3,34,699. Silver opened at ₹3,39,824 and traded between ₹3,39,824 and ₹3,59,800. By 10:15 AM, silver was trading at ₹3,56,602 per kilogram, up ₹21,903 or 6.54% from the previous close. Internationally, spot silver also jumped over 6% to a record $117.69 per ounce. Gold February 5 futures similarly hit an all...
Share Market Recovers After Early Losses; Sensex Rises 274 Points, Adani Enterprises Gains
Business

Share Market Recovers After Early Losses; Sensex Rises 274 Points, Adani Enterprises Gains

The domestic stock market, which had seen declines on four out of the last five trading days, opened lower today but regained momentum as the session progressed. Monday’s trading was closed due to Republic Day. Market Movements Today New Delhi: India and the European Union (EU) are set to formally announce a trade deal today, being touted as the “Mother of All Deals.” Ahead of this announcement, market volatility was observed. The BSE Sensex had dropped over 400 points in early trading, while the NSE Nifty 50 slipped below the 24,950 mark. By 9:53 AM, the Sensex had rebounded by 233.05 points (0.29%) to 81,770.75, and the Nifty gained 92.40 points (0.37%) to 25,141.05. Following the Republic Day holiday, market participants returned cautiously after a week where the Sensex had los...
Despite Removal of Tax Benefits, Investors Continue to Flock to Small Savings Schemes
Business

Despite Removal of Tax Benefits, Investors Continue to Flock to Small Savings Schemes

Even though the new tax regime has removed exemptions on investments, public confidence in small savings schemes remains strong. Schemes like PPF (Public Provident Fund) and Sukanya Samriddhi Yojana are witnessing inflows exceeding budget estimates, providing significant relief to the central government. Higher collections in these schemes reduce the government’s need to borrow from the market to meet its financial requirements. Small Savings Schemes See Robust Participation New Delhi: Despite the absence of tax benefits under the new system, people continue to invest heavily in small savings schemes. According to sources, as of 10 January, the National Small Savings Fund (NSSF) had received ₹2.17 lakh crore in deposits, accounting for nearly two-thirds of the budgeted target for the...
Bluekraft Digital Foundation CEO Slams Raghuram Rajan Over Remarks on US Tariffs on India
Business

Bluekraft Digital Foundation CEO Slams Raghuram Rajan Over Remarks on US Tariffs on India

New Delhi: Akhilesh Mishra, CEO of the Bluekraft Digital Foundation, has launched a sharp attack on former Reserve Bank of India Governor Raghuram Rajan, accusing him of promoting political hostility under the guise of economic analysis. Mishra’s remarks came in response to a video clip of Rajan, recently shared by Congress national spokesperson Supriya Shrinate, in which the former RBI chief questioned the imposition of high US tariffs on India despite the perceived closeness between Prime Minister Narendra Modi and former US President Donald Trump. Taking to social media platform X, Mishra alleged that Rajan appeared “pleased” with the imposition of a 50 per cent tariff on India, even describing it as a “slap.” Mishra claimed that, for Rajan, India’s economic loss was acceptable so lo...