The sudden decline in the value of the rupee has somewhat shaken the people and the markets. They wonder why this is happening when the economy is doing well, characterised by a good growth rate, low inflation, and a modest current account deficit. India’s growth rate in the current year is estimated at 7.4%. Inflation…
Union Budget 2026: The ‘Halwa ceremony’, which signifies the final phase of the Budget preparation for the Union Budget 2026-27, took place today at the Budget Press in North Block. The ceremony was attended by Union Finance and Corporate Affairs Minister Nirmala Sitharaman, ANI reported. The ‘Halwa ceremony’ takes place before the ‘lock-in’ of officials…
India and the European Union (EU) on Tuesday (January 27, 2026) announced the conclusion of negotiations over a free trade agreement (FTA) that would see the EU drop tariffs on 99.5% of items India exports to the region, with most tariffs going down to 0% immediately once the agreement comes into effect. India, on the…
Kirit Bhansali, Chairman, GJEPC | Photo Credit: EMMANUAL YOGINI With exports of Indian jewellery to the US down 44 per cent, the newly-signed India-European Union Free Trade Agreement (FTA) is expected to provide a lifeline to the sector, particularly for export hubs in Gujarat, Rajasthan, Maharashtra and West Bengal, said Gem and Jewellery Export Promotion…
Selling pressure from FIIs and ongoing geopolitical tensions may pressure the rupee at higher levels. File | Photo Credit: Getty Images/iStockphoto The rupee rebounded from its all-time low levels and gained 19 paise to close at 91.71 (provisional) against the U.S. dollar on Tuesday (January 27. 2026), on decline in U.S. dollar index and India-EU…
Uttar Pradesh Finance Minister Suresh Kumar Khanna. File “The Uttar Pradesh Government has signed agreements involving proposed investments of about ₹3 lakh crore at the World Economic Forum (WEF) annual meeting in Davos,” State Finance Minister Suresh Kumar Khanna said on Tuesday (January 27, 2026). Briefing reporters on the State’s participation at the WEF annual…
Axis Bank jumped over 4% after the firm reported a 4% growth in its December quarter net profit to ₹7,010.65 crore against ₹742.99 crore in the year-ago period. File | Photo Credit: Getty Images/iStockphoto Equity benchmark indices Sensex and Nifty ended higher in highly volatile trade on Tuesday (January 27, 2026), buoyed by heavy buying…
India and the European Union have formally inked the trade agreement which has been suggested to be the “mother of all trade deals”, Prime Minister Narendra Modi announced at the inauguration of the India Energy Week in Goa. He added that the deal would provide varied opportunities to the one-forty crore people of India and…
Premium luxury European cars, such as BMW, Mercedes, Lamborghini, Porsche, and Audi, are set to become cheaper in the Indian market once the bilateral free trade agreement comes into force, likely next year, as India will offer quota-based import duty concessions under the pact, an official said. The EU will eliminate duty in a phased…
COMEX gold scaled a fresh all-time high of $5,111 per ounce on Tuesday before settling near $5,067, driven by sustained safe-haven demand and central bank buying. Silver jumped to $117.75, marking its own record peak, as geopolitical tensions and US-South Korea tariff threats intensified. On the Multi Commodity Exchange (MCX), gold rose over 1 per…
