NEW DELHI – In a move that sent immediate shockwaves through Dalal Street during a historic Sunday session, Finance Minister Nirmala Sitharaman has announced a massive hike in the Securities Transaction Tax (STT) on derivatives. Aimed squarely at cooling the “unchecked explosion” of retail participation in the Futures & Options (F&O) segment, the new rates […]
MUMBAI – In a major win for India’s digital payment ecosystem, shares of fintech leaders Paytm (One 97 Communications) and MobiKwik witnessed a powerful surge during the special Budget Sunday trading session on February 1, 2026. The rally was ignited by Finance Minister Nirmala Sitharaman’s announcement of a ₹2,000 crore incentive scheme to promote low-value
NEW DELHI – Finance Minister Nirmala Sitharaman is set to create history today, Sunday, February 1, 2026, by presenting her ninth consecutive Union Budget. This milestone not only cements her position as the longest-serving Finance Minister in continuous tenure but also marks a rare departure from parliamentary tradition, as it is the first time the
MUMBAI – The Indian metals sector faced a “Black Sunday” as shares of Vedanta Ltd and its subsidiary, Hindustan Zinc Ltd (HZL), extended their brutal decline during a special Budget Day trading session on February 1, 2026. Despite reporting record-breaking quarterly earnings earlier in the week, the two mining giants were caught in the crosshairs
Incorporated in 2021, Grover Jewells Limited is engaged in the manufacturing and designing of a wide range of wholesale gold jewellery. Grover Jewells IPO 2026 – Dates, Price Band, Lot Size & Full Details Book Built IPO | NSE SME IPO Snapshot IPO Open:4 February 2026 IPO Close:6 February 2026 Allotment:9 February 2026 Listing Date:11
MUMBAI – The precious metals market witnessed one of the most violent “black swan” events in its history on Friday, January 30, 2026. After hitting astronomical record highs on Thursday, gold and silver prices suffered a catastrophic reversal, with more than $3 trillion in market value wiped out in a matter of minutes. In India,
If you are a salaried professional, the February 1st Budget announcement is the final piece of a puzzle that began with the Income Tax Act, 2025. Why is “₹12 Lakh” the magic number this year? Truth be told, it’s not just a slab change; it’s a massive Section 87A rebate play. For the first time,
MUMBAI – Shares of Tata Motors Limited plummeted over 4% on Friday, January 30, 2026, as investors reacted to a complex third-quarter (Q3FY26) report. While the company achieved a robust double-digit jump in revenue, the consolidated net profit saw a staggering 48% year-on-year (YoY) decline, falling to ₹705 crore. The sharp drop in profit has
NEW DELHI – REC Limited, the Maharatna public sector power financier, reported a stable yet muted third-quarter (Q3FY26) performance on Thursday, January 29, 2026. While the company maintained its streak of rewarding shareholders with a third interim dividend, its bottom line faced a “plateau” effect, with net profit remaining virtually flat year-on-year (YoY) and witnessing
MUMBAI – Shares of South Indian Bank (SIB) plummeted over 14% on Friday, January 30, 2026, marking the stock’s steepest single-day decline in nearly eight years. The massive sell-off was triggered by the sudden announcement that the bank’s Managing Director and CEO, PR Seshadri, will not seek reappointment when his current term expires on September
MUMBAI – In a dramatic reversal of fortune, shares of billionaire Anil Agarwal’s flagship, Vedanta Limited, plunged as much as 8.34% on Friday, January 30, 2026. The sharp decline snapped a six-day winning streak and saw the stock hit an intraday low of ₹702.40 on the National Stock Exchange (NSE). The crash comes as a
BENGALURU – Hyperlocal delivery giant Swiggy Limited reported a challenging third quarter on Thursday, January 29, 2026, as its consolidated net loss remained above the ₹1,000 crore mark for the second consecutive quarter. While the company achieved a massive 54% surge in revenue, the heavy cost of scaling its quick-commerce arm, Instamart, continues to weigh
