Battered by the budget 48 hours ago, the markets swung violently the other way Tuesday morning after US President Donald Trump announced the long-pending India-US trade deal had been agreed. The Sensex opened over 3,600 points in the green to cross 85,000 after having closed Monday at 81,666.46, and the similarly bruised Nifty50 gained 1,200 points from its Monday close of 25,088.40. At opening all sectoral indices...
Business
Gold rate falls 3%, silver prices crash 6% after Budget presentation
Gold rate saw a drop of 3 per cent, and silver prices of 6 per cent after Union Finance Minister Nirmala Sitharaman presented the Union Budget Sunday. Gold prices continued to slump again, trading at Rs 143,321 per 10 grams, down 3 per cent. The price of silver in India today, on Monday, February 2, is ₹300 per gram and...
India allows European Union banks to open 15 branches in four years
India has allowed the European Union (EU) banks to open up to 15 branches over four years in the country once the trade pact takes effect, while Indian banks will face no cap on branch openings in the EU, a commerce ministry official said. India made a similar offer in its trade agreement with New Zealand, permitting up to 15...
Adani Group, Embraer To Develop Regional Transport Aircraft In India
With an aim to collaborate on opportunities in aircraft manufacturing, supply chain, aftermarket services and pilot training, global aerospace leader Embraer and Adani Defence & Aerospace on Tuesday signed a memorandum of understanding (MoU) to develop an integrated regional transport aircraft ecosystem in India. With this collaboration, the companies aim to establish an assembly line, followed by a phased increase...
Apple Pay likely to enter India market this year, launch seen by end-2026
Apple Pay, the digital payment service of the Cupertino-headquartered tech giant, is preparing to launch in India this year, according to sources. The service, that’s already available across 89 markets in the world, is expected to make its India foray towards the end of 2026. The Tim Cook-led company, which has been trying to enter the India market for sometime,...
Gold and silver prices hit high after tariff threat
Gold and silver prices hit record highs but share prices fell on Monday as investors reacted to the threat by US President Donald Trump to impose fresh tariffs on eight European countries opposed to his proposed takeover of Greenland. The price of gold touched $4,689.39 (£3,499) an ounce on Monday, while silver rose to a peak of $94.08 an ounce....
DGCA Fines IndiGo ₹22.2 Crore for December Flight Disruptions; Senior Management Warned
India’s aviation regulator, the Directorate General of Civil Aviation (DGCA), has imposed a ₹22.20-crore penalty on IndiGo Airlines following massive flight disruptions between December 3 and 5, 2025, which left more than three lakh passengers stranded across the country. During the three-day crisis, 2,507 flights were cancelled and 1,852 flights were delayed, making it one of the largest operational failures...
Republic Day Parade Enclosures Named After Indian Rivers “To End VIP Culture”
Ahead of Republic Day celebrations, Defence Secretary Rajesh Kumar Singh on Friday announced a move to end the “VIP culture” during the annual parade at Kartavya Path, as they would now be named after Indian rivers. Enclosures for the Beating Retreat will be named after musical instruments. “This year, to end the VIP culture, we have named all our enclosures...
Oil Prices Sink 4% As Geopolitical Fears Fizzle
President Trump wants any potential U.S. military action in Iran to be swift and decisive to avoid a sustained war, but his advisors cannot guarantee the regime would collapse quickly. The current lack of necessary U.S. military assets, such as aircraft carriers, and concern over an aggressive Iranian response have likely delayed a full-blown assault. Trump expressed uncertainty regarding the...
Blinkit, Zepto, Swiggy and Zomato to end 10-minute delivery service after govt crackdown
The central government has taken a significant step to address concerns over gig worker safety by asking quick commerce platforms to drop their “10-Minute Delivery” deadlines. Union Labour Minister Mansukh Mandaviya held discussions with leading platforms, including Blinkit, Zepto, Zomato, and Swiggy, to address concerns related to delivery timelines. Following the meeting, Blinkit has removed the 10-minute delivery promise from...
Delhi Cabinet approves carbon credit policy, eyes income boost
In a significant step towards environmental protection and climate action, the Delhi Government on Tuesday approved the implementation of a Carbon Credit Monetisation Framework, enabling the national capital to generate revenue from its green initiatives. The decision was taken in a Cabinet meeting held under the leadership of Chief Minister Rekha Gupta, with Environment Minister Manjinder Singh Sirsa present. The...
Gold, silver hit new highs on growing global turmoil
Gold and silver prices hit fresh highs on Monday, amidst growing global tensions involving the US, Iran and Venezuela, besides the recent job data released in the US. The rise was despite measures undertaken by the US-based CME Group to discourage traders from going short. The CME Group, which operates major derivatives exchanges such as CME, COMEX, CBOT and NYMEX,...