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Market Opening Bell: Sensex surges 3,656 points, Nifty above 26,300 post India-US trade deal
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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Union Budget 2026: Blow to Bangladesh as India halves aid; no funding for Iran’s Chabahar Port
02
Feb
By The Press Editor
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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.ย …
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SBI Life-backed NBFC stocks ends session in green even as markets bleed, check details
02
Feb
By The Press Editor
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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 2026โ€“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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Railway stock announces quarterly results, check share price amid market volatility
02
Feb
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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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Education Budget 2026: Govt announces setting up of animation, gaming content creator labs in 15,000 schools
02
Feb
By The Press Editor
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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.ย  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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Corporate tax: Budget 2026 reduces rate of MAT to drive shit toward new tag regime – Download PDF
02
Feb
By The Press Editor
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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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Railways get record push in Budget 2026 with Rs 2.78 lakh crore allocation
02
Feb
By The Press Editor
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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 Centreโ€™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.ย …
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Aircraft, warships and pensions: How Rs 7.84 lakh crore defence budget will be spent | Explained
02
Feb
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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 2026โ€“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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Budget 2026: Take a sneak peek into Nirmala Sitharaman’s announcements through graphics
02
Feb
By The Press Editor
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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…
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Budget 2026: Which ministry tops list with highest allocation, which ministry gets lowest, Check full list
02
Feb
By The Press Editor
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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…
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