Indian stock market ends flat after Union Budget, small-cap stocks shine
Mumbai, Feb 1 (IANS) The Indian stock market on Saturday closed flat over weak global cues as Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in Parliament. Despite touching the day’s high of 77,899.05, the BSE Sensex settled at 77,505.96 with 5.39 points or 0.01 per cent up from its previous close. The […]
BCD revision on key electronics components to boost local manufacturing
New Delhi, Feb 1 (IANS) The revision of Basic Customs Duty (BCD) on key electronics items will strengthen the ‘Make in India’ initiative and help meet Prime Minister Narendra Modi’s ambitious $500 billion electronics manufacturing target, the industry said on Saturday. While announcing reductions in import duties on key electronics components in the Union Budget, […]
Budget impact: Smartphones and EVs to get cheaper; TVs, fabrics to get costlier
New Delhi, Feb 1 (IANS) Union Finance Minister Nirmala Sitharaman, presenting the Budget 2025-26 on Saturday, introduced some key changes in basic customs duties (BCDs) that will impact the prices of various goods. The budget includes duty exemptions on essential medicines, electronic goods, electric vehicle (EV) components, and mobile phone parts. The changes introduced will […]
200 new Vande Bharat trains, 100 Amrit Bharat trains in next 2-3 years: Ashwini Vaishnaw
New Delhi, Feb 1 (IANS) Calling the Union Budget 2025-26 “amazing”, Union Railways and Electronics and IT Minister, Ashwini Vaishnaw on Saturday said that with the big allocation to it, Indian Railways is all set to expand faster, safer and comfortable rail travel across the country. The country can expect “200 new Vande Bharat trains, […]
Kerala: Centre will ensure financial assistance for research in sensor manufacturing, says official
Kochi, Feb 1 (IANS) Sunita Verma, Coordinator (R&D) of the Ministry of Electronics and IT Department, said on Saturday that lack of funding will not hinder research in key areas such as sensors, semiconductors and actuators. “The Union government will ensure financial assistance for research in the manufacture of sensors and semiconductors, which has been […]
National Nuclear Energy Mission to boost country’s power infrastructure: Manohar Lal
New Delhi, Feb 1 (IANS) The government’s focus on nuclear energy will strengthen the country’s power infrastructure and reduce dependence on conventional sources, Union Power and Housing and Urban Affairs Minister Manohar Lal said on Saturday. The announcement of a National Nuclear Energy Mission in Union Budget 2025 with an outlay of Rs 20,000 crore […]
India cuts import duty on high-capacity motorcycles, boost for US brand Harley-Davidson
New Delhi, Feb 1 (IANS) In a strong positive signal to the new US administration under President Donald Trump, India has cut import duty on high-capacity motorcycles in the Union Budget 2025-26, which will give a boost to the American brand Harley-Davidson. Motorcycles with engine capacity of up to 1,600 cc, which are imported as […]
In true ‘Vishwa Bandhu’ spirit, India allocates Rs 5,483 crore for foreign aid in Union Budget 2025
New Delhi, Feb 1 (IANS) The Ministry of External Affairs (MEA) has allocated Rs 5,483 crore for aid to foreign nations, slightly higher than last year’s Rs 4,883 crore, it was announced in the Union Budget 2025-26 on Saturday. The MEA has been allocated Rs 20,516.61 crore, which is lower than the revised estimate of […]
Noida entrepreneurs hail Union Budget 2025, highlight growth-boosting measures
Noida, Feb 1 (IANS) As Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025, it was met with praise from entrepreneurs in Noida, particularly for the tax relief and initiatives aimed at fostering business growth. One key announcement was the removal of income tax for individuals earning up to Rs 12 lakh annually. Speaking […]
GST collections clock 12.3 per cent growth at Rs 1.96 lakh crore for Jan
New Delhi, Feb 1 (IANS) Goods and Services Tax (GST) collections for the month of January shot up by 12.3 per cent year-on-year in January to Rs 1.96 lakh crore, on the back of higher economic activity during the month, according to official figures released on Saturday. This includes Rs 1.47 lakh crore from sale […]
