Bhel stake sale oversubscribed on day 1 as institutional investors bid over Rs 5,600 crore

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…

Direct tax collections rise 9.4% to Rs 19.44 lakh cr; corporate tax drives growth

Net direct tax collection rose 9.4 per cent to about Rs 19.44 lakh crore in the current financial year till February 10, supported by lower refund payouts and higher corporate…

Budget sets total expenditure at Rs 53.47 lakh crore for 2026-27 as govt balances growth with fiscal discipline: FM Sitharaman

The Union Budget for FY 2026-27 has pegged total expenditure at Rs 53.47 lakh crore, Finance Minister Nirmala Sitharaman said while replying to the discussion on the Budget in the…

PSU bank rally: SBI overtakes TCS to become India’s 4th most valuable listed firm

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…

US stocks today: Jobless rate surprise lifts markets; S&P 500 nears record levels

US stocks moved closer to record levels on Wednesday after data showed the country’s unemployment rate unexpectedly improved last month, boosting investor confidence about the resilience of the economy.The S&P…

Rail electrification drive: Diesel use falls 178 crore litres since 2016-17; 99.4% broad gauge network now electrified

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%…

Stock market today: Which are top 10 gainers and losers on NSE & BSE on February 11? Check list

Benchmark equity indices Sensex and Nifty ended almost unchanged on Wednesday in a volatile, range-bound session, as gains in PSU banking and auto stocks were neutralised by weakness in information…

Union Budget 2026-27: Infrastructure-led growth to strengthen real estate sector outlook

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…

Trump’s zero tariff on Bangladesh textiles: No reason for India to worry? Why exports are unlikely to rise much

In 2024, Bangladesh’s global garment exports were $50.9 billion, which is much higher than India’s $16.3 billion. (AI image) The US-Bangladesh trade deal has the Indian textile sector exporters worried?…

UAE drops corporate tax for sports bodies under new law: Here’s who qualifies

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…