The government has removed customs duty on 36 life-saving medicines, Finance Minister Nirmala Sitharaman announced while presenting the Union Budget 2025-26. This is aimed at reducing the cost of treatment for patients suffering from cancer and rare diseases. In addition to this, customs duty has also been waived on raw materials used to manufacture these …
In an effort to strengthen India’s electronics manufacturing sector, Finance Minister Nirmala Sitharaman announced significant reductions in import duties on key components in the Union Budget 2025. These changes are expected to make mobile phones, smart TVs, and other electronic devices more affordable for consumers while improving India’s role in global supply chains. One of …
Despite the equity markets remaining operational on February 1, 2025, for the Union Budget presentation, mutual fund transactions will not be processed. Asset management companies (AMCs) have designated the day as a non-business day, meaning no sales or redemptions of mutual fund units will take place. Mutual Fund Transactions Suspended On Budget Day, all mutual …
The Indian stock markets are open for trading on Saturday, February 1, 2025, as Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26. Trading Timings on Budget Day According to a circular from the National Stock Exchange (NSE), trading will follow the usual schedule from 9:15 AM to 3:30 PM. Why Are Markets Open on …
The Nifty Bank Index is a barometer of the Indian banking sector, comprising the most liquid and large-cap banking stocks. On Monday, January 27, 2025, the index opened below the critical psychological level of 48,000 and touched an intraday low of 47,844.15. Despite a partial recovery, the index remains under pressure, continuing a downward trend …
The Nifty Smallcap 100 Index is a key benchmark representing the performance of the small-cap segment of the Indian financial market. Comprising 100 actively traded stocks listed on the National Stock Exchange (NSE), it provides insights into the health and trends of this market segment. A Sharp Fall in the Nifty Smallcap 100 Index On …
On January 31, 2025, the BSE Sensex ended in green closing at 77,500.57, up by 0.97% and the NSE Nifty50 closed at 23,508.40, up by 1.11%. Sectoral Performance On Friday, Nifty Consumer Durables, Nifty FMCG and Nifty Midsmall Financial Services ended in the green. None of the sectors ended in the red. Nifty Consumer Durables rose by …
The Ambani family has reportedly acquired a 49% stake in Oval Invincibles, one of the teams in England’s Hundred cricket tournament. The purchase follows months of bidding and competition from Silicon Valley executives and private equity firms, according to news reports. Competitive Bidding The England and Wales Cricket Board (ECB) launched an auction in September …
In a significant move, the Reserve Bank of India (RBI) has begun insolvency proceedings against Aviom India Housing Finance, a housing finance company based in New Delhi. This step comes after concerns over the company’s governance practices and mounting payment defaults. The RBI’s decision to initiate corporate insolvency resolution underlines the seriousness of the issues …
Starting February 1, 2025, the National Payments Corporation of India (NPCI) will enforce a new directive prohibiting special characters in UPI transaction IDs. This move aims to standardise transaction processing and enhance security across payment platforms. UPI apps that fail to comply will see their transactions declined by the central system. Security Risks of Special …
