Mumbai: Equity benchmark indices Sensex and Nifty rallied for the second straight session on Wednesday, propelled by buying in industrial, energy and metal stocks amid renewed optimism on the global trade front following the landmark India-EU FTA. Besides, gains in Bharat Electronics, Reliance Industries and Eternal stocks also supported equities, traders said. The 30-share BSE…
New Delhi: The domestic cigarette industry is bracing for a 6-8 per cent volume contraction in the next fiscal, following the imposition of additional excise duties and an increase in GST rates from February 1, Crisil Ratings said on Wednesday. Currently, cigarettes are charged 28 per cent goods and services tax (GST), along with a…
New York: India came out on “top” in the trade deal with the European Union and is going to have a heyday with this, US Trade Representative Jamieson Greer said in the first reaction from the Trump administration on the free trade agreement. Greer was responding to a question on the trade agreement, billed as…
Mumbai: Equity benchmark indices Sensex and Nifty surged in early trade on Wednesday, extending their previous day’s rally, on optimism over the India-EU FTA. The 30-share BSE Sensex jumped 646.49 points to 82,503.97 during initial trade. The 50-share NSE Nifty surged 196.7 points to 25,372.10. From the 30-Sensex firms, Axis Bank, Reliance Industries, NTPC, Bharat…
New Delhi: India’s textiles exports to the European Union will get a major boost as it will get duty-free access in the 27-nation bloc, the commerce ministry said on Tuesday. At present, the import duty on Indian textiles in the EU ranges from 0 to 12 per cent. “Gaining zero duty access in textiles and…
NEW DELHI: (Jan 27) India and the European Union on Tuesday sealed a landmark free trade agreement– billed as the “mother of all deals” — to create a market of two billion people with Prime Minister Narendra Modi and the top EU leadership unveiling a transformative five-year agenda to largely leverage trade and defence in…
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday participated in a traditional ‘halwa’ ceremony, marking the final stage for the preparation of the Union Budget 2026-27, to be unveiled on February 1 in the Lok Sabha. The ceremony took place at the North Block on Raisina Hill, the old address of the Finance Ministry, as…
New Delhi: Prime Minister Narendra Modi on Tuesday said India’s energy sector offers USD 500 billion investment opportunities and urged global investors to invest in the country. Addressing the India Energy Week 2026, he said, “India is a land of opportunities for the energy sector as demand is continuously increasing … India will soon become…
New Delhi: India and the European Union (EU) have concluded official-level negotiations for the proposed free trade agreement, which will help boost two-way commerce and strengthen economic ties between the two sides, Commerce Secretary Rajesh Agrawal said on Monday. “Official-level negotiations are being concluded, and both sides are all set to announce the successful conclusion…
In global commodity markets, gold retains its status as a monetary hedge, while silver exhibits pronounced volatility. However, copper—termed “Dr. Copper” for its sensitivity to economic cycles—has emerged as the pivotal indicator in Q1 2026, underscoring a structural shift toward industrial expansion. This trajectory reflects fundamental demand drivers rather than speculative fervor. With global manufacturing…
