State Bank of India (SBI) has overtaken Tata Consultancy Services (TCS) to become India’s fourth-largest listed company by market capitalisation, supported by a sharp post-results rally and improving sentiment around public sector banks.SBI’s market capitalisation now stands at nearly Rs 10.92 lakh crore, ahead of TCS at about Rs 10.52 lakh crore, according to an…
Indian Railways’ accelerated electrification push has sharply reduced diesel consumption, helping cut crude import dependence while expanding cleaner rail operations across the country. Mission-mode electrification has now covered about 99.4% of the Broad Gauge network, with the remaining stretches also taken up for completion.According to information shared by Railways Minister Ashwini Vaishnaw in the Lok…
The government’s stake sale in Bharat Heavy Electricals Ltd (Bhel) was oversubscribed two times on the first day, with institutional investors placing bids worth over Rs 5,650 crore on Wednesday.Institutional investors bid for more than 22.07 crore shares at an indicative price of Rs 256.07 per share, against about 9.40 crore shares on offer under…
The Magenta Line (Line-8) is set to become the longest corridor in the Delhi Metro network, with the highest number of interchange stations and underground sections, significantly strengthening cross-city connectivity across the National Capital Region, according to a Delhi Metro Rail Corporation (DMRC) statement.The development comes following the recently sanctioned Phase-V (A), under which the…
Safe-haven buying returned to the bullion market as silver and gold futures rebounded sharply, tracking supportive global cues and a softer US dollar.Gold futures also saw value buying, with the April contract rising Rs 1,397, or 0.89 per cent, to Rs 1,58,200 per 10 grams. In the previous session, the yellow metal had settled lower…
Bank unions across India have announced a nationwide strike on February 12. The All India Bank Employees’ Association (AIBEA), All India Bank Officers Association (AIBOA), and Bank Employees Federation of India (BEFI) have invited their members to participate in the strike, alongside 10 Central Trade Unions (CTUs). The unions are protesting against four new Labour…
Union Budget 2026–27 positions real estate as a downstream beneficiary of infrastructure-led growth. (AI image) By Chintan Patel and Aman MehtaThe Union Budget 2026–27 reinforces a push towards infrastructure driven economic growth, setting a constructive backdrop for India’s real estate sector. While the budget does not introduce direct demand-side incentives for housing, its sharp focus…
The yellow metal is trying to build a base, with $5,000 now the pivotal near-term pivot. (AI image) Gold price prediction today: Gold prices are extending their rally this week, and remain well supported in the long term, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. The expert lists…
UAE Corporate Tax Exemption for Non-Commercial Sports Entities Announced In a significant fiscal and policy shift this week, the United Arab Emirates Ministry of Finance announced a new corporate tax exemption for non-commercial sports entities under Cabinet Decision No. (1) of 2026, marking a major development in how the UAE supports and positions its sporting…
Asian share markets traded in green on Wednesday, as investors balanced about weak US consumer data and about concerns about American economy. Hong Kong’s HSI added 97 points or 0.36% to reach 27,280 at 9:30 am IST. Kospi also inched higher, up 46 points to 5,348. Shanghai traded up 9 points or 0.22% while Shenzhen…
