Image used for representation purpose only., | Photo Credit: Reuters The rupee traded in a narrow range and edged higher by 10 paise to 87.65 against the U.S. dollar in early trade on Tuesday (August 12, 2025), amid a positive trend in domestic equities. Forex traders said the rupee is trading in a tight range…
Gold prices dropped nearly two per cent in the global market on Monday after US President Donald Trump said the precious metal will not attract 39 per cent tariff as feared earlier. In a social media post, Trump said: “Gold will not be tariffed”. This dragged gold below $3,400 an ounce on COMEX, with prices…
A Mint analysis of 1,957 companies shows that individual investors (holding nominal share capital up to ₹ 2 lakhs) increased their ownership in approximately 51% of these companies between the September and December quarters. This compares with nearly 49% of stocks that saw a sequential rise in stakes in the previous two quarters. These 51%…
Gold prices nudged higher on Tuesday, after a sharp decline in the previous session, as investors looked forward to US inflation data that could offer further insight into the Federal Reserve’s rate-cut trajectory. Spot gold was up 0.2 per cent at $3,350.03 per ounce, as of 0146 GMT. US gold futures for December delivery were…
Budget 2025 Key Announcements: Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in the Parliament on February 1. This was her record eighth budget presented under Prime Minister Narendra Modi-led government’s third term i.e. Modi 3.0. In her speech, Sitharaman said the Budget aims at “transformative reforms” in six key areas — financial sector,…
1. A mini bazooka Faced with a sharp fall in urban consumption which dragged economic growth down in the second quarter of this fiscal to just 5.4% of the gross domestic product (GDP) compared to 8.2% in the same period last year, the finance minister had to act, and she decided to take the bull…
Finance minister Nirmala Sitharaman has committed to developing at least 100 GW of nuclear energy by 2047. In her Union budget for 2025-26, she also proposed setting up a Nuclear Energy Mission with an outlay of ₹20,000 crore. The mission will focus on research and development of small modular reactors (SMRs), with an aim to…
The FY26 budget announced a long thread of schemes for rural India, including a comprehensive multi-sectoral rural prosperity and resilience programme, grameen credit score and broadband connectivity for all government secondary schools and primary health centres. But experts say allocations should have been higher, especially towards schemes like Mahatma Gandhi National Rural Employment Guarantee scheme…
Nirmala Sitharaman announced a major overhaul of the income tax system while outlining the Budget on Saturday. Individuals earning up to ₹12 lakh annually will no longer have to pay any tax under the new income tax regime — with benefit of ₹80,000. Sitharaman also proposed a change to the exemption limits and rejigged the…
Finance minister Nirmala Sitharaman has delivered a realistic and positive punch to keep the economy progressing, especially with a strong push to boost urban consumption, at a very crucial time of challenges globally and domestically. The biggest positive of Budget 2025 is the reduction of taxes for the middle class, which leaves more money in…
