Economy

Sensex recovers 350 points from day’s low
07 Jan

Sensex recovers 350 points from day’s low

Purbalee Dutta0 CommentsEconomy
On Wednesday, Indian equity markets trimmed their early losses as the Sensex clawed back nearly 350 points from its intraday lows and the Nifty stayed close to the 26,150 mark. The improvement came as bargain hunters stepped in and global sentiment turned positive, providing some relief after the market had slipped for two consecutive sessions. One key factor easing pressure on the markets was a decline in crude oil prices. Oil benchmarks retreated after U.S. President Donald Trump announced that Venezuela would transfer a large volume of sanctioned crude to the United States, alleviating some concerns about tight supply and…
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Samsung Galaxy S26 Ultra to Emphasise Camera Refinements Over Major Hardware Upgrades
01 Jan

Samsung Galaxy S26 Ultra to Emphasise Camera Refinements Over Major Hardware Upgrades

editor0 CommentsEconomy
Samsung is expected to take a more restrained approach with its upcoming Galaxy S26 Ultra, shifting focus toward camera refinements rather than sweeping hardware changes. Early leaks suggest that the smartphone’s core design and internal structure will largely remain the same as its predecessor. Instead of introducing new camera sensors, Samsung is reportedly working on improving image quality through software optimisation, fine-tuned image processing, and possible optical adjustments. The strategy indicates an emphasis on enhancing real-world photography performance using existing hardware rather than chasing headline-grabbing specifications. Internal planning for the device has already begun, pointing to a careful evolution of…
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Government Extends ITR Filing Deadline to September 16 Amid Portal Issues
16 Sep

Government Extends ITR Filing Deadline to September 16 Amid Portal Issues

editor0 CommentsBusiness, Economy
In a statement issued late Monday night, the CBDT announced that the income tax ITR filing deadline has been extended from September 15 to September 16. ITR Filing Due Date Extended: In a late-night statement on Monday, the Central Board of Direct Taxes (CBDT) extended the deadline for filing ITRs (income tax returns), providing relief to taxpayers. The ITR filing deadline has been extended by one day to September 16, meaning that the last day to file is today. In a statement issued late Monday night, the CBDT announced that the income tax ITR filing deadline has been extended from…
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US Gold Futures Pare Gains After Official Says White House To Clarify Tariff Policy On Bullion Bars
09 Aug

US Gold Futures Pare Gains After Official Says White House To Clarify Tariff Policy On Bullion Bars

Purbalee Dutta0 CommentsEconomy
U.S. gold futures gave up earlier gains on Friday, pulling back from record highs after news emerged that the White House is preparing an executive order to clarify its position on gold bar tariffs. This followed a notice on the U.S. Customs and Border Protection website, suggesting that the U.S. may impose country-specific tariffs on commonly traded gold bullion bars. As of 1852 GMT, December U.S. gold futures were flat at $3,454.10 per ounce, after reaching an all-time high of $3,534.10 earlier in the day. Susannah Streeter of Hargreaves Lansdown noted that gold's rapid rise highlights how even safe-haven assets…
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Amazon, Walmart, Target Halt Orders From India After Trump Doubles Tariff
08 Aug

Amazon, Walmart, Target Halt Orders From India After Trump Doubles Tariff

Purbalee Dutta0 CommentsEconomy
Major U.S. retailers such as Walmart, Amazon, Target, and Gap have suspended orders from India following President Donald Trump's decision to impose a 50% tariff on Indian goods, NDTV Profit reported on Friday. Exporters say they’ve received communications from American buyers asking them to pause apparel and textile shipments indefinitely. These buyers are reportedly unwilling to share the added costs, pressuring Indian exporters to absorb the impact. The steep tariff is expected to raise costs by 30–35% and may result in a 40–50% drop in U.S. orders, potentially leading to losses of $4–5 billion. Companies like Welspun Living, Gokaldas Exports,…
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Gold imports jump over 40% to $2.68 billion in January
18 Feb

Gold imports jump over 40% to $2.68 billion in January

editor0 CommentsEconomy, News
Overall, imports rose 32 percent to USD 50 billion from April to January this fiscal, as against USD 37.85 billion in the same period last fiscal. The rise in imports also reflects strong investor confidence in the precious metal as a safe-haven asset. Additional factors include asset diversification in gold amid global uncertainties, rising demand from banks and reduction in customs duty. The price of the yellow metal has risen 11 percent this year, reaching Rs 88,200 for every 10 grams in the national capital. India's gold imports, impacting the country's current account deficit (CAD), rose 30 percent to USD…
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The World Economic Forum brings together world leaders to discuss pressing economic challenges
21 Jan

The World Economic Forum brings together world leaders to discuss pressing economic challenges

editor0 CommentsEconomy
The World Economic Forum (WEF) commenced its annual meeting in Davos, Switzerland, bringing together global leaders to discuss pressing economic challenges. Key topics include inflation, supply chain disruptions, and sustainable development. Notable sessions feature discussions on digital transformation and climate change mitigation strategies. The forum serves as a platform for policymakers and business leaders to collaborate on solutions to foster global economic stability and growth.
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Gensol Engineering reports 29% profit upgrade in Q2
28 Oct

Gensol Engineering reports 29% profit upgrade in Q2

editor0 CommentsEconomy, News
According to exchange filings, Gensol Engineering reported a 29% rise in net profit after tax to ₹22.93 crore on a consolidated basis for the September 2024 quarter as against ₹17.71 crore in the same period last year.Gensol Engineering shares have declined by 9.52% in the last one year, and by 7.5% since the beginning of the year. Gensol Engineering shares closed at ₹788 on October 25, 2024, down 7.26% from the previous close.The company's total income rose to ₹346.82 crore in the July-September quarter from ₹304.87 crore in the same quarter of the previous fiscal. Operating expenses declined to ₹239.88…
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An unprecedented index, this is the first time it has reached 83 thousand
13 Sep

An unprecedented index, this is the first time it has reached 83 thousand

Banasree Sarkar0 CommentsEconomy
The stock market continues to hit one milestone after another. This time Sensex touched 83 thousand for the first time on that road. 1593.03 points rose to 83,116.19. However, this all-time high did not settle. The index rose 1,439.55 to settle at 82,962.71 on Thursday. This is also an unprecedented peak for the Sensex. Investors' share assets increased by around Rs 6.59 lakh crore. Nifty has set a precedent. It rose 470.45 points to reach 25,388.90 for the first time. On this day, foreign investment companies poured 7695 crore rupees into the Indian market. According to expert Ashish Dey, investors…
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The stock market collapsed again
06 Sep

The stock market collapsed again

Banasree Sarkar0 CommentsEconomy
Investors took a big hit on the last trading day of the week. The Sensex has fallen by around 1000 points so far on Friday. Nifty fell to 290.15 points. It is known that the share price of the State Bank of India has fallen the most so far. Also, shares of Reliance Industries, HCL Tech, ICICI Bank, and Larsen & Toubro fell. PSU Bank shares fell 2.36 percent on the Nifty. Nifty Oil & Gas, Metals, Media, and Consumer Durables also fell. Shares of Vodafone, Oil India, Indian Bank, Canara Bank, UNO Minda, etc. fell in BSE Midcap. The…
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