Business

20

Feb

By The Press Editor

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Business

Reciprocal Tariffs: How will US President Donald Trump’s proposed move impact India?

Reciprocal and retaliatory tariffs are imposed by countries to match hikes in duties or high tariffs by trading partners. US President Donald Trump has set in motion his plan to impose reciprocal tariffs on imports and has asserted that Washington will not spare India from reciprocal tariffs. The move is expected to further deepen the global trade war. But how much impact US's reciprocal tariffs will have in India? Before talking about it, let's understand some common terms. What are reciprocal and retaliatory tariffs? Normally, both can be used synonymously. They are imposed by countries to match hikes in duties…

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20

Feb

By The Press Editor

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Business

Market Closing Bell: Sensex, Nifty fall for third straight day – Check details

Market Closing Bell: The 30-share BSE Sensex dropped 203.22 points or 0.27 per cent to settle at 75,735.96. Market Closing Bell: Benchmark indices Sensex and Nifty fell for the third straight day today i.e. on February 20, 2025 as fresh tariff threats, weak Asian markets and foreign fund outflows hurt investors' sentiment.  The 30-share BSE Sensex dropped 203.22 points or 0.27 per cent to settle at 75,735.96. During the day, it tanked 476.17 points or 0.62 per cent to 75,463.01. The NSE Nifty dipped 19.75 points or 0.09 per cent to 22,913.15. From the Sensex pack, HDFC Bank, Maruti, Tech…

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20

Feb

By The Press Editor

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Business

Tesla’s India Entry: Every detail related to Elon Musk’s expected expansion plan

The developments come close after the recent meeting of Tesla CEO Elon Musk with Prime Minister Narendra Modi during the latter's recent US visit. Tesla is planning an expansion and as part of its plan, the American electric carmaker has opened recruitments for various roles in India, including business operations analyst and customer support specialist.  As per the job postings on the company's website, the posts are for the 'Mumbai Suburban' area. This is being seen as a precursor for the company's entry into the country. These roles include service advisor, parts advisor, service technician, service manager, sales & customer…

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20

Feb

By The Press Editor

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Business

UP Budget 2025-26: From 4 new expressways to scooties for meritorious girls – Key announcements by Finance Minister

UP Budget 2025-26: The budget size is around 10 per cent more than what was announced by the government for the previous fiscal. UP Budget 2025-26: UP Finance Minister Suresh Khanna presented his sixth consecutive budget on Thursday i.e. February 20, 2025. He presented the Rs 8.08 lakh crore Budget for the financial year 2025-26 in Uttar Pradesh Assembly. The budget size is around 10 per cent more than what was announced by the government for the previous fiscal. The size of the state's Budget for 2024-25 was Rs 7,36,437 crore which included new schemes worth Rs 24,863.57 crore. The Finance…

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20

Feb

By The Press Editor

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Business

UP Budget 2025-26: Govt to provide 92,000 new jobs, says CM Yogi Adityanath

UP Budget 2025-26: Govt to provide 92,000 new jobs, says CM Yogi Adityanath UP Budget 2025-26: Uttar Pradesh Chief Minister Yogi Adityanath on Thursday said that the state Budget for the financial year 2025-26 is important for creating a roadmap for the next 25 years. "After a fabulous journey of 75 years since our Constitution was implemented, this budget is important for creating a roadmap for our next 25 years," he said. The Chief Minister stressed that the Budget 2025-26 has been designed with the theme of aiding the deprived. "The double-engine government is establishing a Babasaheb Bhimrao Ambedkar memorial…

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20

Feb

By The Press Editor

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Business

UP Budget 2025-26: Rs 8.08 lakh core budget announced with focus on becoming USD 1 trillion economy

UP Budget 2025-26: The main focus of the government in the Budget is research and development as well as IT. UP Budget 2025-26: As Uttar Pradesh aims to become a USD 1 trillion economy, UP Finance Minister Suresh Khanna on Thursday said that the government will focus on widening/strengthening/constructing roads. Rs 200 crore has been proposed by the government for developing the North-South Corridor in the state. The budget prioritises infrastructure development, technology, education, healthcare, and social welfare, aiming to accelerate economic growth and improve public services across the state. Khanna also announced that under the Mukhya Mantri Gramodyog…

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20

Feb

By The Press Editor

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Business

Servotech shares gain on EV charger deal with French firm – Details

The agreement between home-grown Servotech and France-based Watt & Well aims to design, manufacture and sell EV charger components in India. Share of renewable energy company and EV charger maker Servotech gained around 5 per cent on Thursday as the company announced a partnership with France-based Watt & Well for the development and manufacturing of EV charger components in India.  The counter opened in green at Rs 124.78, a gain of over 2 per cent against the previous close of Rs 121.33. However, the stock fell and touched a low of Rs 120.50. But it rebounded and touched the high…

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20

Feb

By The Press Editor

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Business

Gold, Silver Prices Today: MCX gold rate surges | Check city-wise rate on February 20

Gold, Silver Prices Today: In the international market, the COMEX gold price was around $2,957.1 per troy ounce. Gold, Silver Prices Today on February 20: Gold prices on Thursday rose by Rs 510 to Rs 86420 per 10 gram in futures trade ahead of minutes of the Federal Open Market Committee (FOMC). On the Multi Commodity Exchange, gold contracts for April delivery opened higher by Rs 510 or 0.59 per cent at Rs 86,420 per 10 grams. It later touched an intraday high of Rs 86489 within. At around 10 AM, it was trading at Rs 86,306 per 10 grams…

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20

Feb

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Business

Market Opening Bell: Sensex down over 250 points, Nifty below 22,900

Market Opening Bell: The 30-share BSE Sensex opened 266.34 points, or 0.35 per cent, lower at 75,672.80. Market Opening Bell: Indian benchmark indices opened lower on Thursday, February 20, 2025, amid US President Donald Trump's tariff threats. The 30-share BSE Sensex opened 266.34 points, or 0.35 per cent, lower at 75,672.80, and the NSE Nifty 50 fell 98.10 points, or 0.43 per cent, to 22,834.80 in the opening trade.  

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19

Feb

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Business

Market Closing Bell: Nifty ends below 23k, Sensex ends 28.21 points lower – Check details

Market Closing Bell: Foreign Institutional Investors (FIIs) turned buyers on Tuesday after unabated selling. Market Closing Bell: Benchmark indices Sensex and Nifty ended marginally lower in a volatile trade on Wednesday dragged by blue-chip IT stocks. The 30-share BSE benchmark Sensex dipped 28.21 points or 0.04 per cent to settle at 75,939.18. Intra-day, it hit a high of 76,338.58 and a low of 75,581.38, gyrating 757.2 points. The NSE Nifty skidded 12.40 points or 0.05 per cent to 22,932.90. The Nifty 50 hit and intra-day high of 23,049 and a low of 22,814.85. From the Sensex pack, Tata Consultancy Services…

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