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Economy

February 10, 2025 4:48 PM

Stock market ends lower amid Trump’s new tariff plan on steel

Indian stock markets closed lower on Monday, with both the BSE Sensex and NSE Nifty ending in the red following US President Donald Trump’s announcement of new tariffs on steel and aluminium imports. The move, which includes additional reciprocal t...

February 10, 2025 2:16 PM

Gold prices at record high as investors seek safety amid trade war concerns

Gold prices on Monday surged to new record highs in the domestic futures market as uncertainty over the US President Donald Trump’s tariff policies increased demand for the yellow metal as a safe-haven investment. According to the India Bullion an...

February 10, 2025 2:04 PM

New Income Tax Bill to raise transparency in tax laws, say experts

The government is preparing to introduce a new Income Tax Bill aimed at simplifying tax laws and improving compliance. The bill is expected to use clear language to help taxpayers understand their obligations and rights. Union Finance Minister Nirma...

February 10, 2025 1:52 PM

India to inaugurate EFTA Desk for trade expansion

India is set to inaugurate the EFTA Desk in New Delhi, marking a step in strengthening economic relations with the European Free Trade Association (EFTA). The desk will be inaugurated by Union Minister for Commerce and Industry Piyush Goyal along wit...

February 10, 2025 10:09 AM

Stock market trades lower as Trump threatens new tariff on all steel, aluminium imports

Indian benchmark indices opened lower on Monday as US President Donald Trump threatened to start imposing a new 25 per cent tariff on all steel and aluminium imports, including those from Canada and Mexico. The new tariffs are expected to be imposed...

February 10, 2025 9:59 AM

Parliament Budget Session to resume today

The Budget Session of Parliament will reconvene on Monday, with both the Lok Sabha and Rajya Sabha set to meet. The session will continue discussions on the Union Budget for 2025, along with other significant matters. One of the key highlights of th...

February 10, 2025 9:29 AM

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Trump, speaking to reporters ...

February 9, 2025 1:18 PM

India’s pharma exports has potential to reach $350 billion by 2047: Report

India’s pharmaceutical exports are projected to double from approximately $27 billion in 2023 to reach $65 billion by 2030, and can further grow to an estimated $350 billion by 2047, according to a new report. While India is the largest supplier o...

February 8, 2025 10:04 AM

India’s forex reserves rise for 2nd consecutive week, gold reserves up

The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data. The overall reserves had increased by $5.574 billion to $629.557 billion in the previous week. The fore...

February 7, 2025 4:31 PM

Sensex, Nifty end lower as investors digest RBI MPC decision

The Indian stock market closed lower on Friday as investors continued to assess the Reserve Bank of India (RBI)'s recent Monetary Policy Committee (MPC) decision to cut the repo rate by 25 basis points (bps). Despite the rate cut, the central bank ma...

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