BUSINESS
Indian Stock Market Trades Flat Ahead of RBI MPC Meeting
At around 9.31 am, Sensex was trading at around 78,595.81, up marginally, while the Nifty was at 23,769.80, up almost 30 points or 0.13 per cent.
GST Council to Decide on Rates and Slabs Soon, Says FM Sitharaman
Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at the highest bracket of 28 per cent, while packed food and essential items are in the lowest 5 per cent slab.
India's Services Sector Growth Slows to Lowest in Over 2 Years in January: PMI
Asia's third-largest economy has been struggling with slackening consumption. To try and boost spending the government gave some tax relief to the middle class at its annual budget on Feb. 1 but shied away from announcing big reforms which are much needed to prop up growth.
Indian Stock Market Opens Higher as US Postpones Tariff Hikes on Canada and Mexico
The Sensex surged over 443 points or 0.58 per cent to 77,630.71 at 9.32 a.m., and the Nifty rose 130.25 points or 0.56 per cent to 23,491.30.
After Mexico, Canada Secures Delay in Trump's Tariff Hikes
Mexico won itself a similar reprieve earlier with the commitment of 10,000 troops to its border with the US.
Trump Postpones Mexico Tariff Hike by a Month, Hints at Possible Deal
"I just spoke with President Claudia Sheinbaum of Mexico," the former president wrote on Truth Social, moments after the Mexican leader had announced the delay in a post on X.
India’s Coal Production Sees 6% Growth, Surpassing 830 Million Tonnes
Total coal production till January 2025 is about 104.43 MT which reflects an increment of 4.38% from the one recorded in 100.05 MT corresponding period of last year.
Gold Surges by Rs 400, Crossing the Rs 85,000 Mark
At HDFC Securities, gold futures spurted Rs 400 to touch new all-time peak of Rs 74,100 per 10 grams in the national capital today. It had ended at Rs 73,700 per 10 grams the previous day.
Sensex Breaks 5-Day Winning Streak, Drops 319 Points Amid Fears of Trade War Due to Trump Tariffs
Sensex slipped by at least 343 points, trading 0.45 per cent down. Nifty lost nearly 109 points and traded 0.47 per cent down. Last Friday, foreign investors sold equities worth Rs 2,758.49 crore as per the exchanges.
How Elon Musk’s Team Accessed the US Treasury’s $6 Trillion Payment System Amid Spending Dispute
This access, approved by Treasury Secretary Scott Bessent, comes after the removal of David A. Lebryk, a longtime career official at the Treasury, who had opposed granting Musk's team entry into these crucial systems.
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