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Budget 2026: Nirmala Sitharaman calls for restructuring of Power Finance Corp, Rural Electrification Corp

gupta.umashanker.us1 month ago01 mins

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Seeking to improve efficiencies in disbursal of credit to the sector, Finance Minister Nirmala Sitharaman in her ninth budget presentation on Sunday (February 1, 2026) called for restructuring of the State-operated non-banking financial companies Power Finance Corporation and the Rural Electrification Corporation Ltd. Follow Union Budget…

Gold, Silver rebound sharply on bargain hunting after historic selloff

gupta.umashanker.us1 month ago08 mins

Gold and silver prices staged a sharp recovery on Tuesday, rebounding nearly 5 per cent and 8 per cent, respectively, as bargain hunters emerged after last week’s historic correction, though analysts warned volatility is likely to persist. COMEX gold surged above $4,900 before settling around $4,860, while MCX gold rallied above ₹1,51,000, gaining nearly ₹8,000…

U.S. tariff reduction positive for labour-intensive sectors: Moody’s

gupta.umashanker.us1 month ago03 mins

File photo of Moody’s Corporation headquarters. | Photo Credit: Reuters Moody’s Ratings on Tuesday (February 3, 2026) said the reduction of the U.S. tariff rate on most Indian goods is credit positive for labour-intensive sectors such as gems, jewellery, textiles and apparel, which are the top export sectors. India and the U.S. have agreed to…

Rupee jumps 122 paise to close at 90.27 against the dollar on India-U.S. trade deal

gupta.umashanker.us1 month ago05 mins

Image for representational purposes only. | Photo Credit: Reuters The Indian rupee emerged as the best-performing Asian currency on Tuesday (February 3, 2026), registering a gain of 122 paise or 1.33% in a single trading session to settle at 90.27 (provisional) against the U.S. dollar, after India and the U.S. agreed to a trade deal….

India’s exports to get further boost: Sitharaman on U.S. tariff cut announcement

gupta.umashanker.us1 month ago01 mins

Union Finance Minister Nirmala Sitharaman in New Delhi on February 3, 2026 | Photo Credit: PTI In a first comment by the government following the U.S. tariff cut announcement, Union Finance Minister Nirmala Sitharaman on Tuesday (February 3, 2026) said that India’s exports will get a further boost. In an interview with PTI Videos, Ms….

Precious metals plunge as Silver falls 10%, Gold down 6%

gupta.umashanker.us1 month ago06 mins

The precious metals complex continued its southward journey on Monday, but the movements in domestic and global markets were volatile as traders weighed in the latest hike in the CME Group margins for these metals. Prospects of the US Fed turning hawkish and the dollar recovering, too, drove the complex lower. However, prices sashayed as…

Why the Centre’s Budget 2026 telecom receipts aren’t all real income

gupta.umashanker.us1 month ago08 mins

At first glance, that sounds like a big win. Some of this money does come from real payments, such as licence fees and spectrum auctions, paid by private telecom companies. But a large chunk comes from state-owned BSNL, which is dependent on the government for its survival. Only this “income” isn’t real cash changing hands,…

Stock markets cheer India-U.S. trade deal: Sensex, Nifty surge 2.5%

gupta.umashanker.us1 month ago04 mins

Some prominent gainers were Bajaj Finance, InterGlobe Aviation, Power Grid, Sun Pharma, Bajaj Finserv and Reliance Industries. File | Photo Credit: PTI Stock market benchmark indices Sensex and Nifty ended 2.5% higher on Tuesday (February 3, 2026) after India and the U.S. agreed to a trade deal under which Washington will bring down the reciprocal…

Emerald jewel said planning IPO for Up to $300 Million

gupta.umashanker.us1 month ago03 mins

Emerald Jewel Industry India Ltd., one of the country’s largest jewelry manufacturers, is weighing an initial public offering that could raise as much as $300 million, according to people familiar with the matter, potentially paving the way for India’s biggest listings in the sector. The Coimbatore-based company has appointed Axis Bank Ltd., Motilal Oswal Investment…

Gold and silver rebound after sharp selloff, up over 2% from one-month lows

gupta.umashanker.us1 month ago04 mins

U.S. gold futures for April delivery were up 3% at $4,791.10 per ounce. File | Photo Credit: Reuters Gold and silver rebounded more than ‌2% on Tuesday (February 3, 2026) after a sharp selloff that was triggered by the nomination of Kevin Warsh as the next Fed chair and higher margin requirements at CME Group….