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On Tuesday, the sensex and Nifty closed lower for the fifth straight session due to weak global and domestic cues. Trump’s tariffs and ongoing US trade policy uncertainty, along with a weak rupee and continuous foreign fund outflows, impacted market sentiment. Sensex dropped by 1,018 points, Nifty by 310, and mid- and small-cap indices saw significant losses. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WlwjSJZ >

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Bajaj Auto plans to enter the domestic e-rickshaw market by the end of this fiscal, anticipating a significant opportunity in the 45,000 units-per-month segment. The company aims to launch a modern e-rickshaw, enhancing satisfaction for owners and passengers. Additionally, Bajaj Auto seeks to boost its electric scooter market share with its newly introduced '35 platform'. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ykV7aCE >

Finance minister Nirmala Sitharaman emphasized that coordinated fiscal and monetary efforts by the government and RBI will boost consumption. She noted early signs of strong orders for the next fiscal, indicating a recovery in consumption and potential private investment. Her remarks followed income tax relief measures and an RBI rate cut, highlighting collaboration with the RBI to maintain economic stability. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ak2GQZU >

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Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real estate companies. This amendment overturns a Supreme Court judgment favoring ITC on leased buildings. Experts suggest investors' confidence may be affected and legal challenges are expected from taxpayers. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mhvYgsW >

Prime Minister Modi invoked Goddess Lakshmi on Budget-eve, later Indian taxpayers received significant tax relief. Finance Minister announced revised tax slabs where the biggest benefit is for those earning up to Rs 12.75 lakh, making their tax liability nil. Changes include rebates up to Rs 60,000 and altered tax rates for various income brackets. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/o48wO5h >

DGCA fined Air India Rs 30 lakh for allowing a first officer to fly without fulfilling the mandatory recency requirement of three take-offs and landings. The violation occurred on July 7, and multiple alerts were ignored by rostering controllers. Air India has been ordered to take action against three senior rostering officials and inform DGCA within 15 days. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RsCKduk >

High electricity markups for industrial users in India reduce their global competitiveness, as highlighted by the Economic Survey. Rationalizing tariffs is complex due to the financial health of distribution utilities and political risks. Increased generation capacity and reduced demand-supply gap have marginally improved power supply. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/q1ne9RP >

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