Business

27

Jan

By The Press Editor

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Business

What is the European Union’s currency and how much is one unit worth in Indian rupees?

Earlier this month, Bulgaria adopted the Euro as its national currency, becoming the 21st member of the eurozone 19 years after it joined the European Union. Brussels: India and the European Union (EU) has inked the historic Free Trade Agreement, popularly dubbed the 'mother of all deals'. The deal has already drawn global attention and India and the EU together represent almost one-fifth of global trade and around 25 per cent of the global population, highlighting the growing economic and strategic weight of the partnership. The EU and India are close partners working to promote economic prosperity, a rules-based international…

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27

Jan

By The Press Editor

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Business

India-EU trade deal: What gets cheaper for Indian consumers and why the deal matters?

India-EU trade deal: India and the EU currently conduct trade worth over 180 billion euros annually. This deal is expected to significantly benefit both European and Indian consumers. New Delhi: India and the European Union (EU) on Tuesday concluded negotiations on a historic, ambitious, and commercially significant free trade agreement (FTA), the largest trade deal ever undertaken by either side. At a time when the global economy is facing numerous challenges and rising geopolitical tensions, this deal reflects India and the EU's shared commitment to economic openness and rules-based global trade. Prime Minister Narendra Modi described the pact as the…

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27

Jan

By The Press Editor

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Business

India-EU free trade agreement a blueprint for shared prosperity, says PM Modi

Terming it a historic day, PM Modi said that India's biggest free trade deal with the 27-nation European Union will open a new chapter in our relations on trade, security, and people-to-people ties. New Delhi: Prime Minister Narendra Modi on Tuesday hailed the free trade agreement between India and the European Union (EU) as a new blueprint for shared prosperity. Terming it a historic day, PM Modi said that India's biggest free trade deal with the 27-nation European Union will open a new chapter in our relations on trade, security, and people-to-people ties.  "Today, India has concluded the biggest Free Trade…

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27

Jan

By The Press Editor

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Business

EV stock gains over 14% even as markets remain volatile in today’s trade, check share price

The stock's 14-day relative strength index (RSI) is 53.67. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of passenger cars and utility vehicles company Mercury Ev-Tech Ltd are in action today, i.e. on January 27, 2026, even as Indian benchmark indices remained highly volatile despite positive global cues. The 30-share BSE Sensex dropped 417. 68 points to 81,120.02 in early trade. The 50-share NSE Nifty declined 111.1 points to 24,937.55. However, soon after, both the benchmark indices bounced back and were trading in positive territory. The BSE…

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27

Jan

By The Press Editor

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Business

Bank strike LIVE updates: These services impacted, check full details here

Bank Strike Today: Services at branches of public sector banks (PSBs), including State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda and others are impacted due to the bank strike today. New Delhi: Banking operations of public sector banks will be impacted across the country today, i.e., on January 27, 2026, as the United Forum of Bank Unions (UFBU) has decided to go ahead with a nationwide strike to press for the immediate implementation of a five-day work week. Under the banner of the United Forum of Bank Unions (UFBU), more than 8,00,000 employees and officers from nine…

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27

Jan

By The Press Editor

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Business

Silver, Gold LIVE Updates: Silver hits new high of Rs 3,59,800, gold too gains | Check city-wise rates

Silver, Gold Rates LIVE Updates: In the international market, gold futures on Comex gained USD 384.3, or 8.4 per cent, last week, touching a record of USD 4,991.40 per ounce on Friday. Mumbai: Rates of precious metals in futures trade continue to mirror global strength and surged on Tuesday, January 27, 2026, with silver hitting a new all-time high, driven by a mix of geopolitical tensions, currency weakness and policy uncertainty. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 2,637 at Rs 1,58,674 per 10 grams against the previous close of…

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27

Jan

By The Press Editor

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Business

Bank strike today: Will SBI, PNB remain closed? What services to be affected? All you need to know

Bank strike: Even though not technically a bank holiday, the nationwide bank strike called by UFBU, an umbrella body of nine unions representing officers and employees, is expected to hit services at public sector banks. New Delhi: Banking functions of public sector banks across India, including SBI and PNB, are expected to be disrupted on Tuesday as the United Forum of Bank Unions (UFBU) begins its plan to observe a nationwide strike. Notably, banks already have observed holidays on 24, 25 and 26 January for the fourth Saturday, Sunday and Republic Day. With the strike on Tuesday, some branches will remain…

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27

Jan

By The Press Editor

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Business

Union Budget 2026: Industry seeks big push for jobs and exports as FICCI survey flags rising expectations

A new FICCI survey shows that India Inc is expecting Budget 2026 to prioritise job creation, export growth and infrastructure investment. Industry leaders are seeking stronger export support, higher RoDTEP allocation and targeted reforms amid global trade volatility. New Delhi: India Inc has outlined clear expectations from the upcoming Union Budget 2026–27, calling for strong measures to boost job creation and exports. These inputs have emerged from a fresh FICCI survey conducted between late December 2025 and January 2026 across nearly 100 companies. According to the survey, most participants expressed confidence in India's medium-term economic prospects. Almost half of the…

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26

Jan

By The Press Editor

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Business

Union Budget 2026: Customs duty overhaul, TDS rationalisation among key expectations

Finance Minister Nirmala Sitharaman will present her ninth consecutive Budget on February 1 in the Lok Sabha. The Budget Session of Parliament will commence on January 28 and continue till April 2, with one break. New Delhi: Finance Minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget in the Lok Sabha on February 1, amid expectations of an overhaul of the Customs duty regime, much on the lines of GST structure rationalisation, and more reform measures to boost the economy in the wake of heightened geo-political uncertainty. The Budget is likely to propose an overhaul of the…

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26

Jan

By The Press Editor

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Business

Union Budget 2026: Small business owners seek GST relief amid rising costs

Union Budget 2026: The Budget Session will commence on January 28 and continue till April 2, with one break. The Union Budget 2026-27 will be presented on February 1. New Delhi: Small business owners have shared their expectations from the upcoming Union Budget, pointing to mounting pressures from rising taxes and higher procurement costs. Seasonal vendors and small traders said heavy GST and other indirect taxes on everyday goods have made it increasingly difficult to sustain their businesses while keeping prices affordable for customers. The traders added that frequent price hikes in essential commodities have squeezed profit margins and…

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