Business

28

Jan

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty start session in green amid positive global cues

Sensex, Nifty Today: In early trade, market breadth was positive, with 1,672 stocks advancing against 539 stocks declining on the NSE. 126 stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the green on Wednesday, January 28, 2026, amid positive global cues. While the 30-share BSE Sensex added 34.88 points to start the session at 81,892.36, the Nifty gained 83.45 points to open at 25,258.85. In the last trading session, the Sensex closed at 81,857.48 and the Nifty 50 at 25,175.40.  From the Sensex pack, Axis Bank, Baja Finance, ITC, Reliance and Trent were among…

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28

Jan

By The Press Editor

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Business

Budget 2026: SBI seeks tax relief on bank deposits, insurance and pension reforms

It said that the tax treatment for interest income on bank deposits should be brought at par with long-term and short-term capital gains (LTCG and STCG). New Delhi: Ahead of the Union Budget 2026, State Bank of India (SBI) has urged the central government to announce wide-ranging reforms in taxation, insurance and pension sectors to boost household financial savings, ease compliance burdens and strengthen social security coverage. In a recent report, SBI highlighted a decline in bank deposits as a share of household financial savings, which fell from 38.7 per cent in FY24 to 35.2 per cent in FY25. To…

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27

Jan

By The Press Editor

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Business

Market Opening Bell: Sensex sheds 100 points, Nifty below 25,100 despite positive global cues

Sensex, Nifty Today: In early trade, market breadth was negative, with 1,840 stocks declining against 765 stocks rising on the NSE. 97 stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the red on Tuesday, January 27, 2026, despite positive global cues. While the 30-share BSE Sensex shed 100.91 points to start the session at 81,436.79, the Nifty dropped 14.7 points to open at 25,063.35. In the last trading session, the Sensex closed at 81,537.70 and the Nifty 50 at 25,048.65. Similarly, the broader indices traded in the green in the opening session. While the…

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27

Jan

By The Press Editor

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Business

From FDI inflows to defence partnership, check all the details of India-EU FTA in 10 points

India's cumulative FDI inflows from the EU from April 2000 to September 2024 totalled USD 117.4 billion, with about 6,000 EU firms operating in India. New Delhi: India and Europe on Tuesday announced sealing of an ambitious free trade agreement - billed as "mother of all deals" - that came against the backdrop of a fractious global environment and trade disruptions largely caused by Washington's policy on tariff. This will be the 19th trade deal for India. The FTA will help boost the country's exports to the 27-nation bloc. As part of the agreement, EU will eliminate duty in a…

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27

Jan

By The Press Editor

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Business

Budget 2026: Employment and exports take centre stage in industry expectations – Survey

The industry has demanded strong support for exports amidst challenges such as global trade conflicts, tariffs, and non-tariff barriers (such as CBAM and deforestation-related regulations). New Delhi: Prior to the Union Budget 2026-27, a recent FICCI survey says that the budget should keep job creation and giving a boost to exports as its top priority areas, especially in the backdrop of increasing uncertainties in global trade. The majority of participants in the survey expressed confidence in the country's medium-term growth prospects. While nearly half of the participants were of the view that GDP growth would remain in the 7-8 per…

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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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