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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.

Finance Minister Nirmala Sitharaman in her budget 2025 speech announced that NPS Vatsalaya subscribers will now receive the same tax benefits under Section 80CCD(1B) as regular NPS subscribers for their contribution. Note that this benefit is not available under New Tax regime. This could encourage more savings for retirement and dependent security under the NPS scheme. Budget proposes are subject to passing of the Finance Bill by both houses of parliament.

Nirmala Sitharaman Saturday announced to arrange identity cards and registration on e-shram portal to assist 1 crore of them.

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.

silver March futures contracts were trading slightly higher at Rs 93,453/kg, up by 0.13% or Rs 125. Ahead of the Union Budget 2025, due to be presented later today, gold, on MCX, made yet another new all-time high of Rs 82,600/ 10 g on Friday and has surged by Rs 1,550/10 gram in this week alone. Meanwhile, silver prices have gone up by Rs 1,850/kg.

buy call on NTPC with a target price of Rs 430 (Rs 495 earlier). The current market price of NTPC is Rs 319.9. NTPC, incorporated in 1975, is a Large Cap company with a market cap of Rs 310390.28 crore, operating in the Power sector. NTPC's key products/revenue segments include Generation Of Electricity, Other Operating Revenue, Consultancy Income and Lease Rentals for the year ending 31-Mar-2024.

markets rallied for four days in the lead up to the Budget in anticipation of a pro-growth and fiscally prudent policy announcements. Now, all the focus will turn to Nirmala Sitharaman, where the finance minister will present a record eighth Budget. «Market expects reductions in individual tax and job generation to boost consumption. By cutting the fiscal deficit but continuing to boost infrastructure spending, the government may set the tone for a potential recovery in the consolidating market,» said Vinod Nair, Head of Research, Geojit Financial Services.

Elon Musk charged with running the U.S. government human resources agency have locked career civil servants out of computer systems that contain the personal data of millions of federal employees, according to two agency officials.

WASHINGTON — United States President Donald Trump will implement 25 per cent tariffs on Canadian imports on Saturday as promised, White House Press Secretary Karoline Leavitt said Friday.

Digital asset manager Grayscale unveiled a Dogecoin Trust Friday, expanding its crypto offerings.

Gmail has confirmed an AI hack and has warned its 2.5 billion users. The cybercriminals convince you they belong to Google support, with caller IDs that appear legitimate. They will say your account has been compromised by someone and that they are attempting an account recovery. The ‘support agent’ will send an email to the user’s Gmail account. The sender’s email account will appear genuine and a recovery code will be sent to you, Forbes reports.

Union Budget 2025 is significantly shaped by global factors, including the ongoing influence of Donald Trump. His stance on trade and international relations casts a large shadow over India's economic policies, especially as the country grapples with slowing GDP growth, rising inflation, and trade imbalances. The key challenge lies in balancing the need for fair trade relations with the US while ensuring India’s manufacturing sector remains competitive and doesn't face the brunt of any tariffs or restrictions imposed by the US.

A trio of federal cabinet ministers is in Washington Friday making a last-ditch attempt to stop U.S. President Donald Trump from imposing economically devastating tariffs on Canadian imports.

registered intermediaries. The above move is also expected to help investors identify, isolate and avoid unregistered entities with the latter not having access to this unique UPI handle. The market watchdog has proposed to increase the upper limit of capital market transactions made through UPI to Rs 5 lakh per day from the current Rs 2 lakh limit.

Nirmala Sitharaman presented the Economic Survey for FY25 ahead of the Union Budget for FY26. The benchmark BSE Sensex gained 740.76 points or 0.97% to close at 77,500.57, while the broader Nifty 50 index closed at 23,508.40, higher by 258.90 points or 1.11%.

capital on Friday, driven by robust domestic demand and strong global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity continued its ascent for the third straight session, jumping by Rs 1,100 to hit a new peak of Rs 84,900 per 10 grams. The yellow metal has rallied by Rs 5,510 or 7 per cent since January 1 when the metal traded at Rs 79,390 per 10 grams in the local market.

Taylor Swift is adding another role to her already eventful 2025 Grammy Awards night—presenter. The Eras Tour superstar, who is up for six nominations this year, has officially been confirmed as a presenter at the biggest night in music.

Personal tax is a key focus for most Indians when it comes to the Union Budget—especially for the urban middle class, as it directly impacts their finances. To break down the current demands and expectations, we spoke to Ishita Sengupta, Partner and India Leader at Vialto Partners. She shared insights on potential changes in capital gains tax, possible new introductions, and more. Excerpts:

Economic Survey 2024-25 on Friday made a case for scalability of pension coverage to bring more people under the social security net. Despite significant advancements in the pension sector, just 5.3 per cent of the total population is covered by the National Pension System (NPS) and Atal Pension Yojana (APY) combined.

tax returns to mortgages.