Business

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday on global uncertainty regarding US President Donald Trump’s tariff policies.

Jefferies projects a slowdown in India’s corporate revenue and earnings growth for FY26 due to an anticipated moderation in nominal GDP growth to 9%, the second-lowest since FY04, excluding FY21. Despite steady real GDP growth, easing inflation is the primary driver. This deceleration may also impact credit expansion, potentially affecting the financial sector and investment…

Asian markets experienced a downturn on Monday due to renewed uncertainty surrounding US tariff policies, exacerbated by OPEC+’s unexpected output increase. Trump’s announcement of potential tariff hikes on trading partners caused anxiety, particularly as negotiations with key nations like India and Japan are underway.

Following finance ministry concerns over declining low-cost deposits, several public sector banks, including Canara Bank and Punjab National Bank, are scrapping minimum balance penalties on savings accounts. This policy shift, influenced by Jan Dhan account data and SBI’s earlier move, aims to boost CASA deposits. Banks will now recover costs through alternative fees like debit…

Quick commerce platforms like Swiggy Instamart and Blinkit are facing consumer pushback due to rising fees, including handling, delivery, and surge charges. This is prompting shoppers to compare prices with local vendors and plan purchases to avoid extra costs.

BRICS nations have urged developed economies and financial institutions to provide substantial climate finance to developing countries, emphasizing the need for predictable and affordable funding to achieve Paris Agreement goals. They also highlighted the importance of the IMF in supporting vulnerable economies and praised the New Development Bank’s growing role in the Global South.

Adani Enterprises Ltd (AEL) is launching a public issue of secured non-convertible debentures (NCDs) worth up to ₹1,000 crore, offering yields up to 9.3% per annum. Opening on July 9 and closing on July 22, the issue has tenors of 24, 36, and 60 months. Proceeds will primarily be used for debt repayment.

India-US trade deal: India has set its red lines in ongoing trade negotiations with the US, particularly concerning agriculture and dairy sectors, ahead of President Trump’s July 9 tariff deadline. The decision on an interim trade deal now rests with America. India seeks complete exemption from the 26% tariffs.

Gold prices are poised for volatility as investors await the US Federal Reserve’s policy cues and the looming July 9 deadline for suspended US tariffs. The market focus will be on potential rate cut commentary, trade negotiation outcomes, and macroeconomic data releases. Dollar strength may limit gains, but geopolitical tensions and central bank buying could…

ITR filing FY 2024-25: First-time income tax filers often make easily avoidable mistakes that can lead to refund delays or scrutiny. Common errors include choosing the wrong ITR form, neglecting to review AIS/TIS and Form 26AS, and failing to report all income sources.