BUSINESS
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.
Rupee Stability Not a Concern; RBI Handling Volatility, Says Finance Secretary
"There is no concern about the value of the rupee. The volatility in rupee is being managed by the RBI," Pandey told reporters.
Morgan Stanley: Budget’s Financial Strategy Appears Realistic, Economic Growth Set to Accelerate
These efforts are expected to drive a recovery in economic growth while keeping macroeconomic stability in a favorable range.
GST Collections See 12.3% Growth, Reaching Rs 1.96 Lakh Crore in January
This rise is attributed to heightened economic activity during the month, as evidenced by the breakdown of revenue: Rs 1.47 lakh crore from the sale of goods and services domestically, and Rs 48,382 crore from imported goods.
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