- As per the latest allocation of duties, Deputy Governor M Rajeshwar Rao will take charge of the department of monetary policy, overseeing preparations for the upcoming MPC meeting scheduled for February 5-7.
- The Union Budget 2025 is around the corner and India Inc has been pitching for relief on the income tax front. And here's why. The government's mop up from direct taxes surged by close to 16% in FY25. However, here's the catch. Corporate taxes, which is a crucial component of the direct tax kitty rose […]
- Government sources have indicated that India does not expect any major impact from the US sanctions on Russian exports. They assured that the availability and affordability of petroleum imports will not be an issue for India.
- Sumit Gupta, CEO-Asia Business at McDonald Pelz Global Commodities, provided insights into the domestic challenges India faces in agricultural productivity.
- The government attributed the positive inflation rate in December to an increase in prices of food articles, manufacture of food products, other manufacturing, manufacture of textiles, and non-food articles etc.
- Kamakshya Trivedi, Head of Global FX, Interest Rates, and Emerging Markets Strategy at Goldman Sachs stated that the Indian rupee, which has remained relatively stable for a long time, is expected to weaken further against the dollar.
- The RBI must start a rate cut cycle with a 0.25% reduction in key rates at the next policy review in February, a German brokerage said on Tuesday.
- The Bloomberg Dollar Spot Index fell as much as 0.4% in early Asia trading Tuesday, after Bloomberg reported that Trump’s economic advisors are discussing a slow and steady approach to tariffs, rather than a large one-time increase.
- The countdown to Union Budget 2025 is underway, marking Finance Minister Nirmala Sitharaman's first budget under the NDA 3.0 government. According to advanced GDP estimates, India is poised for 6.4% growth in FY25. However, this signals the need for significant government intervention to revitalise manufacturing, one of the sectors hardest hit in recent times.
- While the IT behemoth Tata Consultancy Services (TCS) tops the list with a net forex revenue of ₹1.1 lakh crore in FY24, Reliance Industries Ltd (RIL) had a net foreign currency revenue of ₹96,098 crore during the year, data sourced from Ace Equity show.
- During the last three quarters, both foreign portfolio investors and domestic institutional investors (DIIs) have pared their stake in Ujjivan Small Finance Bank.
- Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 23,207.60, while Sensex ended at 76,499.63.
- Premier Energies Share Price | The company's subsidiaries have received orders worth ₹1,460 crore. Of these, orders worth ₹1,041 crore are for solar modules and ₹419 crore are for solar cells.
- Shares of CreditAccess Grameen have already corrected 45% from their peak of ₹1,736.
- Constant currency revenue growth for Infosys is anticipated to be 0.9% quarter-on-quarter. This is likely to be better than TCS, whose constant currency revenue growth on a sequential basis was flat, but lower than HCLTech, who reported a 3.8% growth in constant currency terms.
- West Texas Intermediate rose toward $78 a barrel, after losing 1.7% on Tuesday on expectations for a ceasefire between Israel and Hamas, while Brent ended below $80.
- The MSCI Asia Pacific Index gained 0.4%, up for a second session, led by gains in Japan and South Korea. US equity futures were little changed. Chinese stocks may extend gains as a gauge of US-listed mainland shares rose more than 2% after Bloomberg reported Donald Trump’s incoming team is considering gradual tariff hikes.
- Nuvama has implied BSE's share price target based on a projected financial year 2027 price-to-earnings multiple of 50 times, reflecting the duopolistic nature of the industry, along with BSE's stake in CDSL.
- Options traders are bracing for the US equity benchmark’s busiest CPI day since March 2023. The index is expected to move 1% in either direction on January 15, based on the cost of at-the-money puts and calls, according to Stuart Kaiser at Citigroup Inc.
- According to analysts, this upside bounce could be a sell on rise opportunity around 23,350 levels.