India Financial News

Nirmala Sitharaman has just changed the prescription for economic growth to rely more on boosting consumption in a slowing economy rather than firing the capex engine with another double-digit hike. The impact of the shift was clearly visible on the stock market where beaten-down stocks from the consumption space suddenly became investor favourite while the good-old capex stocks were left reeling in losses. As against a flat Nifty, the FMCG index jumped 3% on Saturday, with stocks like Radico Khaitan, Godrej Consumer, United Spirits rallying up 10%. Supporting Sensex and Nifty were consumer-related stocks like ITC, Zomato, Trent, Tata Consumer and Asian Paints. On the other hand, capex-linked stocks like L&T, Siemens, etc were among the biggest losers on the Street.

Union Budget 2025-26 has proposed further exemptions and reductions in customs duties on key minerals and capital goods, in a move to strengthen domestic manufacturing and the electric vehicle (EV) ecosystem.

Subscribe to enjoy similar stories. Online platforms such as Swiggy, Zomato, Amazon and Flipkart are likely to see increased interest for delivery-partner and warehouse-worker jobs as the Union Budget has proposed formalising the gig economy, industry executives told Mint.

real estate stocks surged as much as 9.3% on Saturday, February 1, after Finance Minister Nirmala Sitharaman announced the revised limit of the tax deducted at source (TDS) on rent to Rs 6 lakh annually. The Union Budget 2025 has brought welcome news for landlords and tenants, with a significant increase in the threshold for TDS on rent. The annual limit has been raised from Rs 2.4 lakh earlier, a move expected to ease the tax burden and simplify rental transactions.

desi jugaad never fails to amaze—and the latest example of this ingenuity has emerged from the vibrant and crowded grounds of the Mahakumbh.

Finance Minister Nirmala Sitharaman on Saturday announced a fresh Rs 15,000 crore 'SWAMIH Fund' for completion of 1 lakh units in stalled housing projects, a move aimed at providing relief to homebuyers whose investments are stuck. In November 2019, the Centre announced a stress fund named 'Special Window for Affordable and Mid-Income Housing' (SWAMIH), to complete stalled housing projects across India. The fund is being managed by SBICAP Ventures Ltd, a State Bank Group company.

Former chief election commissioner (CEC) Navin Chawla, whose tenure in the poll panel was mired in controversy over allegations of bias, passed away on Saturday. He was 79. Condoling the passing of Chawla, the Election Commission said he led many reforms, including enabling third gender voters to exercise a preference to vote in a new category of 'Other', instead of being compelled to vote as 'Male' or 'Female'.

Budget 2025 proposes to increase the Tax Deducted at Source (TDS) threshold for dividend income from Rs 5000 to Rs 10,000 in a particular financial year. This amendment will take effect from April 1, 2025.

Budget to raise the capital expenditure target by 10.08% to record Rs. 11.21 lakh crore for the next fiscal year starting April 1, as the government hopes to shore up flagging demand and consumption in the economy that dreams to become the third largest by 2030 but is likely to hit a four-year low in this fiscal. Sitharaman on February 1 presented the Union Budget for the next fiscal year

infrastructure projects, finance minister Nirmala Sitharaman announced a road map for the same in the Budget 2025-26. The Finance Minister said each infrastructure-related ministry will come up with a 3-year pipeline of projects that can be implemented in public private partnership mode. States will also be encouraged to do so and can seek support from the IIPDF (India Infrastructure Project Development Fund) scheme to prepare PPP proposals, she added.

lithium-ion batteries, which industry stakeholders said, will help bring down production costs and enable development of a manufacturing ecosystem for zero-emission vehicles.

Make In India’, the government will set up five National Centres of Excellence for skilling with global expertise and partnerships to impart world-class skills training to the youth.

Union Budget: In theUnion Budget for 2025-26, Finance Minister Nirmala Sitharaman outlined the government's plans to introduce "transformative reforms" across six key sectors, including taxation and the financial sector. Presenting her eighth consecutive Budget, Sitharaman highlighted the government's successful development trajectory over the past decade, along with structural reforms that have attracted global attention.

Nirmala Sitharaman presented the Union Budget 2025-26, outlining key priorities to accelerate economic growth, ensure inclusive development, support industries, and enhance household sentiment.

Nikhil Kamath’s predictions came true. In a transformative step aimed at reshaping Bihar’s thriving Makhana sector, Finance Minister Nirmala Sitharaman unveiled plans to establish a specialized Makhana Board in the Union Budget. To ensure effective implementation, institutional mechanisms will be developed, encouraging active participation from farmer-producer organizations (FPOs) and cooperatives.

nuclear energy ambitions, the Finance Minister Nirmala Sitharaman announced plans to amend the Atomic Energy Act and the Civil Liability for Nuclear Damage Act, while presenting the Union Budget 2025.

Budget 2025: Toys have always held a special place in every child's heart, but finding ones that both kids and their parents are happy with can be a challenge. Good-quality toys often come with a hefty price tag, while cheaper alternatives may not meet the expectations. However, the Indian government has recognised the need for a change and is working towards transforming the toy sector into a global leader.

Kaveri Seed Company, Mangalam Seed, Godrej Agrovet and Dhanuka Agritech surged up to 11% after Finance Minister Nirama Sitharaman announced a slew of measures to enhance pulses production in the country on Saturday during her budget speech and seed. Among the measures, Sitharaman announced a 6-year mission for self-reliance in pulses which aims to achieve self-reliance in pulses, with a particular focus on tur and masoor.

Budget 2025: Union Finance Minister Nirmala Sitharaman on Saturday in her Budget speech announced measures aimed at promoting employment and entrepreneurship opportunities in labour-intensive sectors. She also highlighted initiatives through which the government will implement specific policy and facilitation measures.