BUSINESS
Sensex and Nifty Continue Uptrend for Third Consecutive Day, Midcap Stocks Lead Gains
The 30-share Sensex touched an intra-day high of 75,568.38 before closing at 75,449.05, a gain of 147.79 points or 0.20% over Tuesday's close.
India's Robust Domestic Market to Mitigate Impact of US Tariff Hike: Fitch
Fitch reaffirmed its FY26 prediction while increasing its FY27 estimate to 6.3%, from 6.2% in December. The prediction is higher than the OECD's 6.4% FY26 growth estimate but lower than the Reserve Bank of India's estimate of 6.7%.
55.02 Crore Jan-Dhan Accounts Opened, 36.63 Crore in Rural and Semi-Urban Areas: Centre
Also, the cumulative enrollment under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) stood at 50.30 crore as of March 7, as informed by Pankaj Chaudhary, Minister of State for Finance, in a written reply to a question in the Rajya Sabha.
Sensex Surges 1,131 Points, Nifty Ends Above 22,800 as Markets Soar
The Sensex intraday high during the session was 75,385.76, while the Nifty ranged between 22,599.20 and 22,845.95.
India's Direct Tax Collections Rise 16% to Reach Rs 25.86 Lakh Crore
Direct taxes comprise corporate tax, personal income tax, and securities transaction tax (STT). Collections of corporate tax increased to Rs 12.40 lakh crore in the current fiscal year from Rs 10.1 lakh crore in the same period last year.
India exporting metro coaches, railway bogies to Australia, Europe, Says Ashwini Vaishnaw
Speaking in the Rajya Sabha on Monday, Vaishnaw detailed the export of various rail components, including propulsion systems and bogies, to multiple European nations such as France, Spain, Germany, and Italy.
India's Trade Deficit Shrinks to Three-Year Low of $14.05 Billion in February
Exports of merchandise showed a moderate gain of 1.3 percent at $36.91 billion in February versus January's $36.43 billion. Import shipments, however, posted a sudden fall of 16.3 percent at $50.96 billion versus last month's $59.42 billion.
Impact of US tariffs on India minimal as country diversifies exports kitty, reported by SBI
India's assertive policy in reshaping global supply chain strategies, especially through routes covering Europe, the Middle East, and the US, is underlined by the report.
Indian Startups Secure $462 Million in a Robust Funding Surge
The investments spanned across various funding stages, including six growth-stage deals and ten early-stage deals, while three startups opted to keep their funding details confidential. Bengaluru continued to be the hub of startup investments, accounting for ten of the funding rounds. Other major cities, including Mumbai and Delhi-NCR, also attracted substantial investor interest.
UN Report: India and China Witness Stronger Trade Momentum in Q4 2024
The most recent Global Trade Update by the United Nations Conference on Trade and Development (UNCTAD), using data through early March, reported that international trade increased by around $1.2 trillion in 2024 to a total of $33 trillion. This growth was led mainly by a 9% increase in trade in services and a 2% increase in trade in goods.
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