Finance Minister Nirmala Sitharaman has addressed concerns regarding the Indian rupee’s depreciation against the U.S. dollar, emphasizing that the phenomenon is primarily due to the dollar’s significant strengthening rather than a weakening of the rupee itself. She highlighted that the rupee has remained relatively stable against other major global currencies, reflecting the robust fundamentals of…
NEW DELHI: On Saturday, Finance Minister Nirmala Sitharaman delivered her eighth consecutive Union Budget, moving closer to the record held by former Prime Minister Morarji Desai, who presented ten budgets across multiple terms. Sitharaman is also the first woman to hold the full-time position of finance minister. The Budget for the fiscal year 2025-26 marks…
Renowned financial author Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” has issued a stark warning about an impending economic downturn. In a recent statement, Kiyosaki emphasized that the global economic decline has already begun, affecting regions such as Europe, China, and the United States. He cautioned individuals to be vigilant, advising…
New Delhi: The Union Budget for the financial year 2025-26 is set to be presented on February 1, 2025, and contrary to speculation, there will be no holiday on this day. The stock markets will remain fully operational during regular trading hours, allowing investors to react in real time to the announcements made by the…
Larsen & Toubro (L&T), one of India’s leading engineering and construction giants, has been dealt a significant setback as the Defence Ministry declined its bid to construct six advanced submarines. The decision, citing non-compliance with procedural requirements, has effectively cost the company a colossal ₹70,000 crore defense contract. The rejection marks a critical moment for…
In an unprecedented financial blow, NVIDIA experienced the largest single-day decline in market value ever recorded for a U.S. company, shedding close to $600 billion. The company’s stock plunged by $171.18 per share following investor concerns about mounting competition in the AI hardware industry. The steep decline was triggered by news that China’s DeepSeek had…
Ahmedabad, January 25, 2025 – Gujarat has achieved a significant milestone in its financial journey, with the number of demat accounts linked to the Bombay Stock Exchange (BSE) crossing the 1 crore mark. This surge reflects the growing enthusiasm for equity investments among individuals in the state, solidifying Gujarat’s position as a key player in…
In recent days, Zomato’s stock has been experiencing a noticeable decline, with many investors and market observers wondering why the popular food delivery company’s shares are plummeting. Zomato, which once attracted massive investor interest after its IPO in 2021, has seen a sharp drop in its share price, leaving many investors questioning its future prospects….
In a decisive move to curb the menace of black money, the government of India has announced a stringent tax policy. From now on, if the source of significant cash deposits is not disclosed, individuals will face a steep 60% tax deduction. This decision reflects the government’s commitment to promoting financial transparency and ensuring that…
The Indian stock market, a cornerstone of the country’s financial ecosystem, has recently witnessed a significant downturn, leaving investors anxious and speculating about the causes. With benchmarks like the Sensex and Nifty 50 taking a hit, questions such as “Why is the market falling?” and “What is causing the Sensex today live decline?” are flooding…