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BSE launches Sensex Derivatives at GIFT City, opens door for foreign traders

Feb 3, 2025

Mumbai, Feb 3 (IANS) The Bombay Stock Exchange (BSE) on Monday introduced Sensex derivative contracts at the International Financial Services Centre (IFSC) in GIFT City, Gujarat which offers foreign investors to trade India’s benchmark equity index without currency conversion risks.These contracts, which are denominated in US dollars, will be…

FM Sitharaman to hold post-budget meeting with RBI top brass on Feb 8

Feb 3, 2025

New Delhi, Feb 3 (IANS) Finance Minister Nirmala Sitharaman is scheduled to address the Reserve Bank of India's central board on February 8 in a post-budget meeting to coordinate the fiscal and monetary steps required to accelerate GDP…

Business

Indian startups raise $240.85 million this week, Bengaluru leads in funding deals

Feb 2, 2025

New Delhi, Feb 2 (IANS) During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals…

Business

Union Budget: Outlay for tribal welfare schemes jumps by 46 per cent to Rs 14,926 crore

Feb 2, 2025

New Delhi, Feb 2 (IANS) The overall budget allocation for the development of Scheduled Tribes has jumped by 45.79 per cent to Rs 14,925.81 crore in 2025-26 from Rs 10,237.33 crore in 2024-25. The Pradhan Mantri Adi Adarsh Gram Yojana…

Business

Budget to boost India’s growth, new income tax bill will modernise framework: Harsh Bhuta

Feb 2, 2025

New Delhi, Feb 2 (IANS) This budget reinforces India’s vision for inclusive growth and economic empowerment, with the right execution, and can propel India into a new era of growth and development, Harsh Bhuta, partner at Bhuta Shah &…

Business

Budget aims to lift overall consumption to stimulate economic growth

Feb 2, 2025

New Delhi, Feb 2 (IANS) The Union Budget 2025-26 ultimately aims to lift overall consumption which is the need of the hour to stimulate economic growth, said a report on Sunday. It’s being addressed by tax incentives in the hands of the…

Business

Budget 2025 boosts middle-class spending, gives a push to India’s toy industry

Feb 2, 2025

New Delhi, Feb 2 (IANS) The budget 2025 was focused on increasing the spending power for India’s growing middle class and that is great for all manufacturers, irrespective of sectors, a top industry leader said on Sunday. "The…

Business

Union Budget 2025-26: EPCH Hails Strategic Measures to Boost Handicrafts, MSMEs, and Export…

Feb 2, 2025

New Delhi – 01st February, 2025: In a landmark announcement today, Nirmala Sitharaman, Union Finance Minister of India, presented the Union Budget for 2025-26, unveiling a strategic roadmap to boost exports, empower MSMEs, and enhance trade…

Business

Union Budget: 3 CoEs to help India position itself as a global powerhouse in AI

Feb 2, 2025

New Delhi, Feb 2 (IANS) With artificial intelligence (AI) becoming an essential tool for a tech powered economy, it is heartening to see the introduction of Centres of Excellence (COE) for Artificial Intelligence in education, industry…

Business

Hyundai’s US sales jump 15 pc YoY in January

Feb 2, 2025

Seoul, Feb 2 (IANS) Hyundai Motor, South Korea's top automaker, saw its sales in the United States climb 15 per cent from a year ago in January, marking its biggest sales for the month to date, the company said on Sunday.Hyundai Motor's…

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