Business

BENGALURU: Zensar Technologies is said to be close to acquiring Mastek in an $850–$900 million stock-and-cash deal. The move bolsters the ongoing trend of consolidation in the IT/ITeS services sector, driven partly by the dramatic changes ushered in by AI and global customers looking to reduce their number of vendors.The past year saw multiple acquisitions,…

Gold price prediction today: Gold prices may continue to be under pressure in the near term and high volatility is expected in silver prices, says Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan. Here’s his outlook on gold prices: Source link

DEA Secretary Anuradha Thakur Economic Affairs secretary Anuradha Thakur expects foreign capital inflows to improve on the back of Budget measures that have been unveiled and is confident that the growth momentum will sustain. Excerpts:Given the challenges that the economy faces, how do you see the growth-inflation dynamics playing out in the short term?■ I…

India-US trade deal impact: Rupee appreciates vs US dollar (AI image) India-US trade deal impact: The Indian rupee appreciated sharply against the US dollar on Tuesday after American President Donald Trump and Prime Minister Narendra Modi announced a trade agreement between India and the US late Monday night. Rupee appreciated by over 1% against the…

Finance ministry secretary V Vualnam (File photo) Expenditure secretary V Vualnam says fiscal prudence was a clear priority for govt and within the constraints of the Budget, it has rolled out support for critical sectors. Excerpts:Can you help us understand the overall strategy behind the spending plan? How much flexibility on raising capex does govt…

Precious metals prices bounced back sharply on Tuesday, with gold and silver gaining over 2 percent after suffering steep losses in the previous session. The earlier decline was driven by the nomination of Kevin Warsh as the next chair of the US Federal Reserve and a hike in margin requirements by CME Group. Spot gold…

In a relief to small taxpayers, the finance minister has proposed to give them an option to file applications for obtaining lower or nil TDS certificates electronically. A taxpayer typically applies for a lower or nil TDS certificate when their actual tax liability for the year is lower than the standard TDS rate (or nil)…

Stock market today (AI image) Stock market today LIVE after India-US trade deal: Nifty50 and BSE Sensex soared in opening trade on Tuesday, reacting positively to the India-US trade deal announcement by US President Donald Trump and Prime Minister Narendra Modi. While Nifty50 went above 25,800, BSE Sensex surged over 2,300 points. At 9:16 AM,…

CBIC chairman Vivek Chaturvedi CBIC chairman Vivek Chaturvedi is confident about meeting Budget targets and details number of reform measures that have been announced to shore up approvals using technology. Excerpts:A number of reform measures have been announced on the Customs side in the Budget. What is the strategy behind this?■ The FM, in her…

US Senator Lindsay Graham has linked the US trade deal to India lowering crude oil imports from Russia, and hailed Trump’s pressure tactics. (AI image) India-US trade deal: Lindsey Graham, the US Senator, who was propagating a bill that would impose 500% tariffs on countries buying Russian crude oil has said that India has ‘earned’…