Business

02

Feb

By The Press Editor

0 Comments

Business

SBI Life-backed NBFC stocks ends session in green even as markets bleed, check details

The stock ended the session at Rs 34.37 with a gain of 0.41 per cent and the market cap of the company stood at Rs 3,126.03 crore. Mumbai: Shares of NBFC firm Paisalo Digital ended the trading session in the green even as Indian equity markets witnessed sharp, event-driven volatility during the special Budget Day session, with benchmark indices slipping into a risk-off mode as investors digested the Union Budget 2026–27. The stock started the trading session in the green at Rs 34.32 against the previous close of 34.23 on the BSE. During the day, it touched a high of…

Read More

02

Feb

By The Press Editor

0 Comments

Business

Railway stock announces quarterly results, check share price amid market volatility

The company's stock ended the trading session in the red 40.72 down 4.66 per cent or Rs 1.99 on the BSE. During the day, the stock had touched a high of Rs 44.70 and a low of Rs 40.58. Mumbai: Shares of Hyderabad-headquartered MIC Electronics Limited (MICEL), a small-cap company with a market cap of Rs 990.32 crore, have released its December quarter results. According to the information shared, the company reported mixed results for Q3 FY26. Net sales rose 80 per cent year-on-year to Rs 90.23 crore from Rs 50 crore a year ago. However, net profit fell 13.36…

Read More

02

Feb

By The Press Editor

0 Comments

Business

Education Budget 2026: Govt announces setting up of animation, gaming content creator labs in 15,000 schools

Education Budget 2026: The government has announced to set up Animation, Visual Effects, Gaming and Comics (AVGC) Content Creator Labs in 15,000 secondary schools and 500 colleges in collaboration with Indian Institute of Creative Technologies, Mumbai. New Delhi: In an aim to boost animation sector, the government has announced to set up Animation, Visual Effects, Gaming and Comics (AVGC) Content Creator Labs in 15,000 secondary schools and 500 colleges in collaboration with Indian Institute of Creative Technologies, Mumbai.  The education sector has witnessed an increase in allocation this year's budget, Finance Minister Nirmala Sitharaman announced an allocation of Rs 1,39,289.48…

Read More

02

Feb

By The Press Editor

0 Comments

Business

Corporate tax: Budget 2026 reduces rate of MAT to drive shit toward new tag regime – Download PDF

However, for credits brought forward as of April 1, 2026, companies can use them to offset up to 25 per cent of their total tax liability within the new regime. New Delhi: To encourage the shift to the new tax regime, the government is repositioning Minimum Alternate Tax (MAT) as a final tax for those who opt in. The announcement was made in the Union Budget 2026-27 and will impact companies that are still under the old tax regime. The MAT rate is reduced from 15 per cent to 14 per cent. Once paid under the new regime, this…

Read More

02

Feb

By The Press Editor

0 Comments

Business

Railways get record push in Budget 2026 with Rs 2.78 lakh crore allocation

The funds will be directed towards critical projects such as new rail lines, track doubling and electrification, station redevelopment, procurement of modern rolling stock, and safety upgrades. New Delhi: The Union Budget 2026 has allocated a record Rs 2.78 lakh crore for the Ministry of Railways, marking the highest-ever allocation for the sector. The increased outlay shows the Centre’s strategy of leveraging rail infrastructure to boost economic activity, enhance logistics efficiency and create large-scale employment. In the previous financial year (FY26), Indian Railways received a total allocation of Rs 2.55 lakh crore, including Rs 2.52 lakh crore towards capital expenditure. …

Read More

02

Feb

By The Press Editor

0 Comments

Business

Aircraft, warships and pensions: How Rs 7.84 lakh crore defence budget will be spent | Explained

Defence Minister Singh described modernisation as the most important feature of the budget. He said nearly Rs 1.85 lakh crore has been earmarked specifically for upgrading the Army, Navy and Air Force, which is about 24 per cent higher than the previous year. New Delhi: India has significantly increased its defence budget for the financial year 2026–27, allocating Rs 7.84 lakh crore to strengthen the armed forces and boost military modernisation. The new allocation marks a 15 per cent rise compared to the Rs 6.81 lakh crore provided in the current financial year. The government said the higher outlay reflects…

Read More

02

Feb

By The Press Editor

0 Comments

Business

Budget 2026: Take a sneak peek into Nirmala Sitharaman’s announcements through graphics

Sitharaman also announced a series of tax-related proposals in the Union Budget 2026 aimed at improving ease of living, simplifying compliance, and providing relief to common taxpayers. New Delhi: Finance Minister Nirmala Sitharaman on Sunday made history as she presented a record ninth consecutive Budget. In the Union Budget 2026-27, she proposed Rs 10,000 crore investment in the biopharma sector over the next five years, a move which would give a boost to the country's pharmaceuticals industry. She also announced a series of tax-related proposals in the Union Budget 2026 aimed at improving ease of living, simplifying compliance, and providing…

Read More

02

Feb

By The Press Editor

0 Comments

Business

Budget 2026: Which ministry tops list with highest allocation, which ministry gets lowest, Check full list

Budget allocation for the AYUSH ministry saw 20 per cent increase, from Rs 3,671.82 crore (revised estimates) in FY 2025-26 to Rs 4,408.93 crore in FY 2026-27. New Delhi: Union Finance Minister Nirmala Sitharaman tabled the Union Budget 2026-27 in the parliament today. A total of Rs 50 lakh crore has been allocated to all the ministries. Out of this, the Union Housing and Urban Affairs Ministry has been allocated Rs 85,522.39 crore in the Union Budget, with the PM SVANidhi scheme for street vendors receiving Rs 900 crore, a 57 per cent hike over 2025-26. Also, the Information and…

Read More

02

Feb

By The Press Editor

0 Comments

Business

Gold drops Rs 4,000, silver crashes Rs 16,000 as prices fall for third straight day

Gold and silver prices are seeing a sharp decline in the international market. Around 10 am on Monday, gold prices were trading at $4689.43 per ounce, a drop of 4.20 percent (approximately $206). New Delhi: Gold and silver prices continued their sharp downward trend for the third consecutive day on Monday, weighed down by heavy profit booking by investors, which has put significant pressure on precious metal prices. On the Multi Commodity Exchange (MCX), gold for April 2 delivery was trading at Rs 1,38,256 per 10 grams, down nearly 3 per cent, or about Rs 4,000. Meanwhile, silver for March…

Read More

29

Jan

By The Press Editor

0 Comments

Business

Budget 2026: Govt likely to reintroduce railway ticket concessions for senior citizens

Union Budget 2026: The Union Budget 2026 is not expected to be limited to new economic proposals and tax benefits alone. Senior citizens may also have a reason to cheer, as there is a strong possibility of the Indian Railways restoring concessions on train tickets for elderly passengers. New Delhi: As Budget 2026 approaches, hopes of relief for senior citizens are gaining momentum. According to sources, the Indian Railways is considering the revival of the long-standing senior citizen concession, which was suspended in March 2020 due to the COVID-19 pandemic. Discussions are reportedly underway between the Ministry of Finance and…

Read More