Business

03

Feb

By The Press Editor

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Business

Smallcap EV stock gains 7.63% as Sensex trades over 2,500 points higher, check details

Technically, the stock trades higher than the 20-day and 50-day moving averages but lower than the 5-day, 100-day and 200-day moving averages. Mumbai: Shares of smallcap EV stock Mercury Ev-Tech rose by nearly 8 per cent amid strong market sentiment on Tuesday, February 3, 2026, after India and the United States agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent. Amid this rally, the stock opened gap up with a gain of 7.42 per cent at Rs 40 against the previous close…

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03

Feb

By The Press Editor

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Business

Gold gains 3,18%, silver up by Rs 21,219 on MCX | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price was up by 4.04 per cent to approximately USD 4,840.7 per troy ounce. Mumbai: Rates of precious metals in futures trade rebounded on Tuesday, February 3, 2026, amid a rally in the international bullion prices. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 4,009 at Rs 1,48,000 per 10 grams against the previous close of Rs 1,43,991. It gained further to hit the high of Rs 1,49,485, a jump of Rs 5,494 or 3.81 per cent. Last…

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03

Feb

By The Press Editor

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Business

Market Opening Bell: Sensex surges 3,656 points, Nifty above 26,300 post India-US trade deal

Sensex, Nifty Today: Gift Nifty, an early indicator for the Nifty 50, indicated a strong positive start as it opened with a jump of 763 points at 25,898.50, compared to the previous close of 25,135.50. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened on a strong positive note on Tuesday, February 3, 2026, as India and the United States announced a crucial trade agreement. While the 30-share BSE Sensex surged 3,656.74 points to start the session at 85,323.20, the Nifty gained 1,129.65 points to open at 25,088.40. In the last trading session, the Sensex closed at 81,666.46 and…

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02

Feb

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Business

Union Budget 2026: Blow to Bangladesh as India halves aid; no funding for Iran’s Chabahar Port

The ties between New Delhi and Dhaka were hit following ouster of Sheikh Hasina. 78-year-old Hasina later fled to India and the Bangladesh government has been demanding that the former prime minister must be handed over to it. New Delhi: Amid the strained ties with Bangladesh, India on Sunday (February 1) cut aid to the neighbouring nation by half, as Union Finance Minister Nirmala Sitharaman announced the Union Budget for the financial year (FY) 2026-27. Even though the government has raised the allocation under 'Aid to Countries' to Rs 5,686 crore, it has allocated just Rs 60 crore to Bangladesh. …

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02

Feb

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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…

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02

Feb

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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…

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02

Feb

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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…

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02

Feb

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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…

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02

Feb

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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. …

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02

Feb

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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…

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