Hospitality- Positive Impact. With a focus on certain tourism segments and smart partnerships with states, the Budget is laying a solid basis for growing India’s tourism and hospitality industries. The government is fostering a more varied and rich travel experience and enhancing infrastructure by creating the top 50 tourist sites. To promote more sustainable and…
On February 5, the Indian rupee began five paise down against the US dollar at 87.1263, according to currency experts, as Asian stocks were poor. The local currency’s opening value against the US dollar was 87.1263, while its closing value against the US dollar was 87.0762. Due to growing trade concerns between the two biggest…
Jeera fell 1.37% to ₹20,905 on increased supply availability and lower demand. Of the nearly 20 lakh bags currently held by farmers, only 3-4 lakh bags are expected to be traded by the end of the season, leaving 16 lakh bags available for carry-forward. Jeera production for 2023-24 is expected to be 8.6 lakh tonnes…
CottonCandy rose 0.54% to ₹53,780, driven by India’s upward crop revision and strong demand from garment industries. The Cotton Association of India (CAI) increased its 2024-25 cotton production estimate by 2 lakh bales to 304.25 lakh bales, mainly due to higher output in Telangana. However, North Indian production is expected to decline by 3.5 lakh…
Electronics, automotive, and pharmaceutical companies are likely to lead the field with the largest share of incentives under the Production Linked Incentive (PLI) system, which is expected to nearly triple in the upcoming fiscal year compared to the payouts for the current one. The estimated cost of incentives for all 14 industries in 2025–2026 is…
US President Donald Trump’s aggressive tariff measures against China, Mexico, and Canada, along with the recent threat against Europe, sparked worries of a global trade war, sending the rupee plunging to a new record low and the benchmark indices closing down on Monday. The rupee made its first foray below the 87/$ threshold. At 87.195/$,…
Crude oil prices dropped by 0.25% to ₹6,334 due to tensions between OPEC+ and the former US President, who has called for increased oil supply to curb high prices. The US decision to impose 25% tariffs on Mexico and Canada and 10% on China added to market uncertainty. US crude inventories rose by 3.463 million…
Turmeric prices fell 0.51% to ₹13,206 on weak demand and increased supply. With the harvest underway at a faster pace, more crop is expected to enter the market next month. Turmeric arrivals have increased to 13,190 bags, almost double the previous session’s 6,780 bags, especially in significant markets like Nizamabad and Hingoli. The crop is…
The Union Budget has made several announcements to stimulate investment, access to finance and markets, and encourage cost-effectiveness and innovation in important industries to increase domestic production. The industries that stand to gain the most from the policy measures are the transportation industry, automobiles and auto parts, textiles, and fertilizers. However, industries like pharmaceutical, healthcare,…
The benchmark indices ended Saturday’s trading day flat, despite several encouraging news in the Budget. Except for FMCG, real estate, and consumer-driven industries, which are anticipated to gain from tax cuts, most other industries witnessed no change. There was a little decrease in shares of the energy, oil and gas, and infrastructure sectors. The majority…
