Business

NEW DELHI: A day after releasing a fact sheet on the trade deal with India, the White House revised it to say that India “intends” to buy more than $500 billion of US products, instead of having “committed” to: a substitution which will help PM Modi govt rebut the charge that it had given in…

US President Donald Trump on Wednesday described the recently concluded agreement with India as a “historic trade deal” and said it would significantly boost American coal exports.Addressing a press briefing, Trump said, “America is now the number one energy producer in the world… We’re becoming a massive energy exporter. In just the past few months,…

WTO Director-General Ngozi Okonjo-Iweala The World Trade Organization (WTO) needs urgent structural reform as the global trading system undergoes rapid economic and technological shifts, WTO Director-General Ngozi Okonjo-Iweala said, warning that maintaining the current framework is no longer viable, AFP reported.Speaking in Geneva on Wednesday, Okonjo-Iweala said the global trade body and the broader multilateral…

The Union Budget for FY 2026-27 has pegged total expenditure at Rs 53.47 lakh crore, Finance Minister Nirmala Sitharaman said while replying to the discussion on the Budget in the Lok Sabha, outlining the government’s strategy of maintaining high capital spending alongside fiscal consolidation.The revised estimate for the current financial year ending March 31 has…

Net direct tax collection rose 9.4 per cent to about Rs 19.44 lakh crore in the current financial year till February 10, supported by lower refund payouts and higher corporate tax collections, according to data released by the Income Tax Department on Wednesday.Net corporate tax collection increased 14.51 per cent to Rs 8.90 lakh crore,…

State Bank of India (SBI) has overtaken Tata Consultancy Services (TCS) to become India’s fourth-largest listed company by market capitalisation, supported by a sharp post-results rally and improving sentiment around public sector banks.SBI’s market capitalisation now stands at nearly Rs 10.92 lakh crore, ahead of TCS at about Rs 10.52 lakh crore, according to an…

BSE Index Services Pvt Ltd on Wednesday announced the launch of two new Government Securities (G-Sec) indices — BSE 4-8 Year G-Sec Index and BSE 8-13 Year G-Sec Index — aimed at strengthening debt market benchmarks and supporting passive investment strategies, ANI reported.According to a statement by BSE Index Services, the indices are reconstituted monthly,…

US stocks moved closer to record levels on Wednesday after data showed the country’s unemployment rate unexpectedly improved last month, boosting investor confidence about the resilience of the economy.The S&P 500 rose 0.5% and was trading just below its all-time high set late last month. The Dow Jones Industrial Average was up 222 points, or…

The Magenta Line (Line-8) is set to become the longest corridor in the Delhi Metro network, with the highest number of interchange stations and underground sections, significantly strengthening cross-city connectivity across the National Capital Region, according to a Delhi Metro Rail Corporation (DMRC) statement.The development comes following the recently sanctioned Phase-V (A), under which the…

Indian Railways’ accelerated electrification push has sharply reduced diesel consumption, helping cut crude import dependence while expanding cleaner rail operations across the country. Mission-mode electrification has now covered about 99.4% of the Broad Gauge network, with the remaining stretches also taken up for completion.According to information shared by Railways Minister Ashwini Vaishnaw in the Lok…