The recent tariff imposition by US President Donald Trump towards Chinese, Mexican, and Canadian imports have generated ripples in financial markets globally, with a big impact for India. On one hand, the move can become a booster for India’s exports with its becoming a preferred source, but at a cost, in terms of fluctuations in […]
Trump’s Tariffs and Their Impact on the Indian Economy and Stock Markets Read More »
The Indian rupee tumbled to a record low against the US dollar on February 3, breaching the 87-mark in early trade as global financial markets reeled from US President Donald Trump’s new tariff measures. The domestic unit weakened to 87.1100 per unit of the dollar, down from its closing price of 86.6162, in a dash
Indian Rupee Falls Below 87 Against US Dollar as Trump’s Tariffs Shake Global Markets Read More »
In her Union Budget 2025 speech, Finance Minister Nirmala Sitharaman made a landmark announcement regarding income tax slabs. She confirmed that individuals earning up to ₹12 lakh per annum will not be required to pay any income tax, marking a significant shift in the taxation system. This announcement was met with applause in the House,
Finance Minister Nirmala Sitharaman has announced the establishment of a new Centre of Excellence in Artificial Intelligence (AI) for education with a total outlay of ₹500 crore. This initiative follows the 2023 announcement of AI centres for agriculture, health, and sustainable cities. Expansion of IITs and Medical Colleges The government plans to expand the capacity
Union Budget 2025: ₹500 Crore AI Centre of Excellence in Education Announced Read More »
Finance Minister Nirmala Sitharaman has announced an increase in the Kisan Credit Card (KCC) loan limit from ₹3 lakh to ₹5 lakh, aiming to provide better financial access to 7.7 crore farmers, fishers, and dairy producers. The 1998-launched KCC scheme grants short-term farm loans at about 4% interest, and farmers can access cheap credit and
Budget 2025: Kisan Credit Card Loan Limit Raised to ₹5 Lakh to Support Farmers Read More »
Union Finance Minister Nirmala Sitharaman has announced the launch of Bharat Trade Net (BTN), a digital public infrastructure (DPI) aimed at streamlining trade documentation and financing for international trade. The new platform will harmonise with India’s single platform for logistics and align with international trading conventions, and will make cross-border payments efficient and transparent. The
Budget 2025: Government to Launch Bharat Trade Net for International Trade Read More »
Finance Minister Nirmala Sitharaman has announced a major reform in the insurance sector by raising the foreign direct investment (FDI) limit from 74% to 100%. The enhanced FDI cap will apply to insurers that invest the entire premium collected within India. This move is aimed at attracting more foreign capital, boosting competition, and enhancing financial
Union Budget 2025: FDI Limit in Insurance Sector Increased to 100% Read More »
Finance Minister Nirmala Sitharaman has announced an expansion of the Small Industries Development Bank of India (Sidbi) Fund of Funds for Startups (FFS), with an additional allocation of Rs 10,000 crore. This increases the scheme’s total outlay to Rs 20,000 crore. The FFS, started in 2016 under Startup India, doesn’t make investments in startups but
Adani Enterprises reported a steep decline in net profit, which fell to Rs 58 crore for the December quarter of FY25, compared to Rs 1,888 crore in the same period last year. The drop was attributed to weaker performance in its coal trading division. The company’s revenue declined 9% year-on-year to Rs 22,848 crore, down
Adani Enterprises Q3 Net Profit Drops Sharply to Rs 58 Crore, Shares Fall 4% Read More »
Waaree Energies Ltd saw a record 296% jump in its net profit, at Rs 492.7 crore in the December quarter of FY25, over Rs 124.5 crore in the same quarter a year ago. Net profit increased even over Rs 361.6 crore in the preceding quarter. Revenue increased 116% yoy to Rs 3,457.28 crore, a significant
Waaree Energies Reports 296% Jump in Q3 Net Profit to Rs 493 Crore Read More »
