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equity benchmarks ended flat on Tuesday following a roller-coaster session as investors took concerns over the increase in taxes on stock market transactions in their stride. The Nifty ended 0.12%, or 30.20 points, lower at 24,479. The Sensex declined 0.09%, or 73.04 points, to 80,429.

investors. Until now, companies were paying taxes on share buybacks. The move is expected to hurt the promoters and large shareholders the most as share buybacks were used by companies as a tax-efficient way to reward them.

budget day, the market is prone to kneejerk reactions. So, as soon as the finance minister announced higher short-term and long-term capital gains taxes on financial instruments, the stock market tanked. Of course, it recovered towards the close as sanity set in. And what’s that sanity? In my view, it is that capital gains are intact, only the capital gains tax is higher.

currencies touched multi-week lows on Wednesday tracking weakness in Chinese demand, while the yen has surged as short-sellers bail out ahead of a central bank meeting. Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January.

India Post Spreads Wings: To deepen penetration of banking in northeast, FM has announced plans to have more bank branches in the region. More than 100 branches of India Post Payments Bank will be set up there.

reforms to improve the domestic shipping industry and generate more jobs in the sector.

GOING DOWN Imported cancer drugs trastuzumab deruxtecan, osimertinib, and durvalumab— customs duty cut to nil from 10%.

US Presidential Election 2024 after US President Joe Biden pulled out of the race for the White House. Instead, Kentucky Governor Andy Beshear (D) endorsed Vice President Harris for president. Participating in MSNBC's 'Morning Joe', he announced her support for the first black vice president. He said he fully endorsed Vice President Harris for the next president of the United States. He said further the vice president is smart and strong which will make her a good president. Praising her, Beshear said that Kamala Harris is also kind and has empathy, which can make her a great president.

budget has allocated ₹1.72 lakh crore for capital acquisition by the defence ministry, the biggest chunk of which will go to the domestic industry.

Luxury products such as watches, handbags, and high-end televisions are set to get costlier with the government proposing to levy 1% tax collected at source (TCS) on notified goods of value priced at more than ₹10 lakh. The tax is, however, unlikely to dent demand as these products are largely bought by well-heeled consumers, according to retailers and market experts.

central government will stay the fiscal consolidation course and tailor its annual deficit targets from 2026-27 in such a manner that its debt-to-GDP ratio will progressively decline, finance minister Nirmala Sitharaman said on Tuesday.

central armed police forces such as CRPF, BSF and CISF. For the much-delayed Census and updation of National Population Register, the budget allocated ₹1,309 crore. With an eye on China, the Vibrant Village Programme, started in 2023-24, received a boost with the allocation of ₹5,105 crore, up from ₹3,389 crore last year. The budget allocated ₹3,720.13 crore for improving infrastructure along the international border, women's safety, police infrastructure and modernisation of police forces.

soldier was killed as the Army thwarted an infiltration bid by terrorists along the Line of Control in Jammu and Kashmir's Poonch district early Tuesday, officials said.

Purvodaya' plan, targeted at five states — Bihar, Jharkhand, Odisha, West Bengal and Andhra Pradesh.

India sealed their spot in the semifinals with a dominating 82-run win over Nepal in their final group match of the women's Asia Cup here on Tuesday. Dashing opener Shafali Verma smashed 81 off 48 to power India to 178 for 3.

temperature of 36.2 degrees Celsius, 1.3 notches above normal, according to the weather department The relative humidity at 5.30 pm stood at 68 per cent. The city will be on «yellow» alert for the next two days, the IMD said. The weather office has forecast moderate rainfall for Wednesday, with the maximum and minimum temperatures likely to hover around 34 and 26 degrees Celsius, respectively. The Air Quality Index (AQI) of the national capital was recorded in the «satisfactory » category with a reading of 93 at 6 pm, according to the Central Pollution Control Board.

Air India Express continued its network expansion, connecting Bengaluru to Abu Dhabi with its first direct international service from India's IT capital on Tuesday, officials said. With over 200 weekly flights, Bengaluru is the largest station for Air India Express, they said. In a statement, the airline said, «With the launch of the Bengaluru-Abu Dhabi flight, guests from cities such as Ayodhya, Bagdogra, Bhubaneswar, Chennai, Goa, Guwahati, Gwalior, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Pune, Ranchi, Varanasi, and Visakhapatnam now have the option to connect conveniently to Abu Dhabi through one-stop itineraries via Bengaluru.» Air India Express operates direct flights connecting Abu Dhabi to Bengaluru, Kannur, Kochi, Kozhikode, Mangaluru, Mumbai, Thiruvananthapuram, and Tiruchirappalli and connects 17 Indian cities to Abu Dhabi via convenient one-stop itineraries, it added.

government on Tuesday said it will bring out a financial sector vision and strategy document for five years, with the objective to meet the financial needs of the country. «For meeting financing needs of the economy, our government will bring out a financial sector vision and strategy document to prepare the sector in terms of size, capacity and skills,» Finance Minister Nirmala Sitharaman said while unveiling Budget 2024-25 in the Lok Sabha.