New Delhi, February 4: India’s largest public sector iron ore producer, NMDC, has reported a 19% year-on-year increase in production, reaching 42.65 million tons in the first nine months of FY26. This information was released by the Ministry of Steel on Wednesday. The ministry noted that during the April-December period of FY26, NMDC’s sales rose … Read more
New Delhi, February 4: Gold and silver prices experienced a significant surge on Wednesday, with both precious metals seeing an increase of nearly ₹18,000. According to the India Bullion and Jewellers Association (IBJA), the price of silver rose by ₹18,497, reaching ₹2,82,462 per kilogram, up from ₹2,63,965 per kilogram the previous day. Alongside silver, gold … Read more
New Delhi, February 4: The Minister of State for Communications and Rural Development, Dr. Chandrasekhar Pemmassani, announced on Wednesday that the Telecom Department’s Financial Fraud Risk Indicator (FRI) system has made it easier to identify mobile numbers linked to financial fraud. In a written response to a question in the Lok Sabha, the minister explained … Read more
New Delhi, February 4: The Indian stock market closed on a positive note during Wednesday’s trading session. There was notable buying in consumer, oil and gas, and energy stocks. At the end of the day, the Sensex rose by 78.56 points, or 0.09%, closing at 83,817.69. Meanwhile, the Nifty gained 48.45 points, or 0.19%, finishing … Read more
New Delhi, February 4: Following the announcement of tax holidays for data and cloud center companies in the central budget, sources from the Finance Ministry stated on Wednesday that foreign companies must meet four essential conditions to qualify for this tax exemption. According to the sources, this exemption will be available from the fiscal year … Read more
New Delhi, February 4: India has successfully safeguarded its sensitive sectors, particularly agriculture and dairy, in its trade deal with the United States. This announcement was made by Commerce and Industry Minister Piyush Goyal in Parliament. The minister informed the Parliament that following Prime Minister Narendra Modi’s visit to the U.S. in February 2025, both … Read more
Tirupur, February 4: Knitwear exporters in Tirupur have welcomed the decision to reduce U.S. import tariffs. They view this as a significant relief for an industry heavily reliant on exports and a crucial step towards renewed growth. The Tirupur knitwear sector accounts for nearly 40% of total exports to the U.S. However, it has faced … Read more
Shillong, February 4: Meghalaya Chief Minister Conrad Sangma announced on Tuesday that the state government is strategically shifting its economic approach. The focus is now on building sustainable and long-term partnerships rather than engaging in transaction-based trade. He emphasized that Meghalaya aims to establish indigenous products, such as local pineapples and the turmeric-rich Lakadong turmeric, … Read more
Mumbai, February 4: Indian stock markets opened with modest gains on Wednesday, with all sectors showing an uptick. However, the rise was limited due to a decline in IT shares. Following Anthropic’s announcement of a legal tool for its cloud AI chatbot, Indian IT stocks faced downward pressure due to increasing competition in AI and … Read more