Business

Global Reaction to U.S. Tariff Moves: The recent rulings and actions on U.S. tariffs have triggered strong reactions across the world. Last Friday, the U.S. Supreme Court struck down President Donald Trump’s global tariffs as illegal, only for Trump to reimpose them at 10% initially, then raise to 15%. The move has drawn firm responses from multiple countries, including the European Union (EU) and India. EU Stands FirmThe European Commission, representing 27 EU member states, has made it clear that it will not accept any increase in tariffs. The statement came after Trump imposed new tariffs on India and several other countries following the Supreme Court verdict. The Commission emphasized that the situation undermines fair, balanced, and mutually beneficial transatlantic trade and inve...

Domestic Market Sees Early Morning Rally: On the first trading day of the week, Monday, 23 February 2026, Indian precious metals markets witnessed a sharp early-morning rally. Gold jumped ₹3,700 per 10 grams, while silver surged ₹15,200 per kilogram on MCX. The rally is attributed to two key factors: escalating tensions between the U.S. and Iran and the announcement of 15% global tariffs by former U.S. President Donald Trump. Impact of U.S. Supreme Court RulingLast Friday, the U.S. Supreme Court struck down Trump’s large-scale tariffs on various countries, boosting demand for safe-haven assets such as gold and silver. As a result, by 9:05 AM, April delivery gold futures traded at ₹1,60,600 per 10 grams, up ₹3,700 or 2.4% from Friday’s close. Meanwhile, March delivery silver futures r...

Sensex and Nifty Open Strong: Indian stock markets started the week on a bullish note on Monday, with both BSE Sensex and Nifty 50 opening in the green. The surge was driven by positive news from the United States, where the Supreme Court struck down tariffs imposed by former President Donald Trump. By 9:30 AM, the Sensex had jumped over 600 points, while Nifty 50 gained nearly 200 points. This surge increased the market capitalization of BSE-listed companies by ₹3.8 lakh crore, taking the total to ₹471 lakh crore. Market Performance as of 9:50 AM Sensex: 83,372.43, up 557.72 points Nifty 50: 25,743.05, up 171.80 points Experts caution that the market may witness volatility in the coming days due to several major developments over the weekend, including the Supreme Court’s...

Market Opens Strong, But AU Bank Shares Plunge: The Indian stock markets opened on a positive note on Monday, 23 February 2026. The BSE Sensex started at 82,906.83, higher than the previous close of 83,462.77, and quickly rose to 83,461.31 within 15 minutes—up 658.89 points from the last session. Despite the broader market rally, shares of AU Small Finance Bank (AU SFB) dropped sharply in early trading, falling more than 7% by 9:30 AM. Reason Behind the DeclineThe fall came after AU Small Finance Bank disclosed yesterday that the Haryana government de-empanelled the bank from handling government-related work. The decision followed the discovery of some unauthorised and suspicious transactions in the bank’s accounts. Late Sunday night, AU Bank issued a clarification stating that tw...

India Strengthens Global Trade Footprint: India’s emergence on the global economic stage cannot be ignored. At the 16th India-EU Summit, the long-awaited Free Trade Agreement (FTA) between India and the European Union (EU) was formally concluded—decades in the making and a testament to Prime Minister Narendra Modi’s strong economic leadership. The EU is the world’s second-largest economy, while India ranks fourth. Together, they account for nearly 25% of global GDP. Before 2014, India traded with only 19 countries; today, it has expanded to 56 countries. The India-EU FTA alone opens access to 27 major and strategic markets, highlighting results-driven governance. Textile Exports on the RiseThe global textiles and apparel market today exceeds $1.1 trillion, reflecting rising demand an...

A Busy Week Ahead in the Stock Market: The Indian stock market is set for significant activity this week with a total of nine Initial Public Offerings (IPOs) scheduled to open. Four of these IPOs are from the mainboard, while five belong to the SME segment. Today, five IPOs have opened for bidding. Mainboard IPOs to Watch Clean Max Enviro Energy SolutionsThe largest IPO this week, Clean Max Enviro Energy Solutions, aims to raise ₹3,100 crore. Of this, ₹1,200 crore will come from new shares, while existing investors will sell ₹1,900 crore worth under an Offer for Sale. The IPO opened today, 23 February, and will close on 25 February. The price band is ₹1,000–₹1,053 per share. Listing on BSE and NSE is expected on 2 March. Shree Ram TwistexShree Ram Twistex plans to raise ₹110.24 c...

Rising Loan Defaults Among Youth: India is witnessing a surge in loan defaults, with the younger generation increasingly caught in a web of debt. Alongside rising loan delinquencies, cases of cheque bounces are also climbing sharply. Young Borrowers Take on Massive DebtAccording to reports, hundreds of young adults aged 25–35 are falling into debt traps every month. The so-called Zoomers, born between 1997 and 2012, are the first generation to accumulate such high levels of borrowing. Unlike previous generations, for whom taking loans was largely taboo, many Gen Z borrowers are taking loans up to 100 times their monthly salaries—earning ₹30,000–₹40,000 per month while borrowing ₹30–40 lakh. The main reason is the growing gap between income and expenditure, which borrowers try to bridge ...

From IT Professional to Dairy Entrepreneur: Deepak Raj Tushir, originally from Janti Khurd village in Sonipat district, Haryana, has stunned many with his remarkable journey from IT to dairy farming. After a successful 10-year career at Wipro, he decided in 2012 to leave the corporate world to pursue his passion for agriculture and contribute to his village’s development. Today, his dairy venture, Binsar Farms, has crossed a turnover of ₹23 crore, establishing him as a prominent name in the dairy industry. Education and VisionTushir holds a BE in Information Technology and an MBA. Partnering with two fellow computer engineers and two farmers from New Zealand, he co-founded Binsar Farms. Their goal was to provide high-quality milk while promoting modern farming practices in rural India. ...

Stock Market Update: Dalal Street witnessed a bullish trend last Friday, with both benchmark indices closing higher. The BSE Sensex, comprising 30 stocks, gained 316.57 points to settle at 82,814.71, while the NSE Nifty rose 116.90 points to close at 25,571.25. Stocks to Watch on 23 February:The market saw renewed optimism on Friday, supported by buying activity in banking and metal stocks, progress in trade agreements, and reports of India’s participation in Pax Silica. The Sensex surged during intraday trade to a high of 83,132.08 before closing at 82,814.71, up 0.38%. Similarly, the Nifty touched a peak of 25,663.55 points before ending the day at 25,571.25, marking a 0.46% gain. Among Sensex constituents, NTPC, Larsen & Toubro, Hindustan Unilever, PowerGrid, Tata Steel, Kotak...

New Delhi: The US Supreme Court recently struck down President Donald Trump’s global tariff orders, citing the International Emergency Economic Powers Act (IEEPA) as misused. Trump had relied on IEEPA to implement tariffs, but the court ruled that the authority to impose tariffs lies with Congress, not the President. The ruling affects tariffs imposed after February 2025. What is IEEPA? The International Emergency Economic Powers Act (IEEPA), enacted in 1977, grants the US President authority to regulate economic transactions during national emergencies involving foreign threats. The law empowers the President to: Control imports and exports Freeze or block foreign assets Regulate financial transactions and banking Limit foreign investments Enforce economic decisions ...