BUSINESS
Sensex Rallies Over 440 Points; Nifty Breaks 24,800 as Blue‑Chips Drive Market Comeback
The BSE Sensex closed the day at 81,337.95, up by 446.93 points or 0.55%. The index had opened lower at 80,620.25 against the previous close of 80,891.02. But momentum was gained during the session, with the index reaching an intra-day high of 81,429.88 due to heavy buying in heavyweight stocks.
GST collection has clocked double digit growth in April-June quarter, says Pankaj Chaudhary
This represents a significant rise from ₹1,63,319 crore seen in the same period last fiscal, Minister of State for Finance Pankaj Chaudhary told the Parliament on Tuesday.
New UPI Rules Effective August 1 to Restrict Balance Checks, Auto-Pay Timings, and More
In a recent circular, NPCI directed all stakeholders of the UPI ecosystem—banks and payment service providers—to implement these guidelines by July 31.
GCCs Projected to Add 2% to India’s GDP, Create 2.8 Million Jobs by 2030
Heretofore, viewed as back-end functional units, India's GCCs have experienced a dramatic transformation. They now serve as strategic assets for multinational firms, leading innovation, cutting-edge technology ventures, and international R&D endeavors.
More negotiations needed with India to sign trade deal, says Jamieson Greer
US Trade Representative Jamieson Greer told CNBC that there is a need for both countries to continue talking to achieve a full-fledged trade deal.
India Accelerates Trade Deals—U.S. Faces Growing Pressure to Respond
A recent Newsweek report points out that a formal trade deal with the U.S. remains beyond reach despite previous upbeat comments made by both New Delhi and Washington. A collective interest in moving towards such an agreement had been shown earlier by former U.S. President Donald Trump as well as Indian authorities.
UK Celebrates ‘Bumper’ Post‑Brexit Deal with India — Media Hails Trade Pact as Brexit Victory
The historic agreement—formally known as the Comprehensive Economic and Trade Agreement (CETA)—seeks to increase bilateral trade by some USD 34 billion every year and greatly enhance market access for both countries.
Sensex May Hit 1,15,836 and Nifty Cross 43,800 by FY28, Says Report
However, under bear or pessimistic case scenario, Ventura, a broking firm, expects the Sensex at 1,04,804 and the Nifty at 39,697 by FY28.
Watch| India & UK Sign Historic Trade Pact, Reveal Vision 2035 to Supercharge Bilateral Ties
The deal was signed during Prime Minister Narendra Modi’s visit to the UK, where he met with British Prime Minister Keir Starmer at Chequers, the latter's official countryside retreat.
Government Disputes Reuters Report on India’s Unemployment, Cites Global Data Contradictions
In a reply to Lok Sabha in writing, Minister of State for Commerce and Industry Jitin Prasada has stated that the projects come under the Semicon India Programme launched with a budget of ₹76,000 crore to create the semiconductor and display manufacturing ecosystem of the country.
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