The Cabinet Committee on Economic Affairs has approved the construction of a six-lane Capital Region Ring Road in Odisha. This project aims to reduce congestion in Bhubaneswar, Cuttack, and Khordha. The bypass will connect major National Highways and economic nodes. It will improve freight movement and boost socio-economic growth. The project is also expected to…
The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has approved the development of a new greenfield airport in Kota-Bundi, Rajasthan. The Airports Authority of India (AAI) will construct the airport at an estimated cost of Rs 1507 crore. The new airport will accommodate A-321 type aircraft and manage the expected increase…
Emkay Research anticipates significant stock market growth, projecting the Nifty 50 to reach 28,000 by September 2026, driven by the government’s GST rationalisation initiative. This reform is expected to boost economic growth, enhance competitiveness, and accelerate the formalisation of the Indian economy. S&P’s recent rating upgrade further supports India’s economic robustness.
The CBDT is seeking feedback from cryptocurrency stakeholders on the need for new VDA legislation and its oversight. They are also evaluating the impact of current tax policies, including the 1% TDS rate and loss offsetting, on trade migration.
Global tech spending in 2025 is unlikely to hit $6 trillion due to tariff uncertainties, impacting India’s outsourcing sector. Analysts have lowered IT growth projections, with potential budget growth capped at 7%. While AI and cloud demand remain strong, a proposed 50% tariff on India could significantly affect its IT outsourcing.
Emkay Research suggests GST restructuring may raise India’s fiscal deficit temporarily. The deficit could reach 4.6 percent in FY27. However, growth benefits should compensate within three years. States’ cooperation is crucial for GST changes. Rationalization is justified despite fiscal risks. Ratings upgrades support reform. Consumer inflation might ease. GST simplification will support long-term growth in…
China has pledged to address India’s concerns regarding rare earths, fertilizers, and tunnel boring machines, as assured by Foreign Minister Wang Yi to Dr. Jaishankar. Discussions encompassed trade, pilgrimages, and border issues, emphasizing mutual respect and avoiding escalation of differences into disputes.
Stock market recommendations: Mirae Asset Sharekhan’s Somil Mehta recommends buying JSW Steel between Rs 1075 and Rs 1085, targeting Rs 1170, citing a breakout and positive momentum. Titan is also a buy, in the range of Rs 3550-3560, with a target of Rs 3850, following a bullish triangle breakout and support at its 200-day moving…
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday on the back of strong domestic news flow and global cues. While Nifty50 was above 24,900, BSE Sensex was near 81,500.
