Business

Stock Markets Tumble for Fourth Consecutive Day Amid US Tariff Concerns
10 Feb

Stock Markets Tumble for Fourth Consecutive Day Amid US Tariff Concerns

nishuthapar10 CommentsBusiness, , ,
Mumbai, February 10, 2025: Indian stock markets extended their losing streak for the fourth consecutive session on Monday, with the benchmark BSE Sensex plunging 548 points and the NSE Nifty dropping 178 points, as fresh US tariff threats rattled investor confidence. The Sensex fell by 548.39 points (0.70%) to close at 77,311.80, while the Nifty declined 178.35 points (0.76%) to settle at 23,381.60. During intra-day trading, the Sensex dropped as much as 753.3 points to hit 77,106.89, marking the lowest closing for both indices in a week.The sharp decline was triggered by US President Donald Trump’s announcement of plans to…
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New Income Tax Bill to Be Introduced in Parliament on Tuesday: FM Nirmala Sitharaman
09 Feb

New Income Tax Bill to Be Introduced in Parliament on Tuesday: FM Nirmala Sitharaman

nishuthapar10 CommentsBusiness, India, , , ,
NEW DELHI, February 9, 2025: Finance Minister Nirmala Sitharaman is set to introduce the new Income Tax Bill in the Lok Sabha on Tuesday, marking a significant step towards overhauling India's tax framework. The bill, which aims to simplify and streamline existing tax laws, is expected to be referred to a parliamentary standing committee for detailed examination. “I hope to have it introduced in Lok Sabha in the coming week,” said Sitharaman after the RBI board meeting. Once introduced, the bill will undergo a multi-step legislative process, starting with its referral to the standing committee for recommendations. Following the committee’s…
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RBI Cuts Repo Rate by 25 Basis Points to 6.25% Under New Governor Sanjay Malhotra
07 Feb

RBI Cuts Repo Rate by 25 Basis Points to 6.25% Under New Governor Sanjay Malhotra

nishuthapar10 CommentsBusiness,
In his inaugural Monetary Policy announcement on Friday, Reserve Bank of India (RBI) Governor Sanjay Malhotra revealed that the Monetary Policy Committee (MPC) has unanimously decided to lower the policy rate by 25 basis points, bringing it down from 6.5% to 6.25%. Malhotra addressed the challenges posed by the current global economic landscape, noting that while high-frequency indicators point to resilience and growth in trade, overall global growth remains below historical averages. "Progress on global disinflation is stalling, hindered by rising services prices," he stated. He also discussed the dynamics of global financial markets, indicating that expectations regarding the size…
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