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July 24, 2024 5:09 PM

Affordable Housing, Free Electricity, and Tax Benefits for the Middle Class

Finance Minister Nirmala Sitharaman unveiled the Union Budget for 2024-25 on Tuesday, aiming to cater to all societal segments, with a particular emphasis on the middle class. The budget introduces measures such as free electricity, affordable housing, and tax relief to meet their expectations. Here...

July 24, 2024 4:26 PM

CrowdStrike says bug in quality control process led to botched update

A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm's quality control mechanism, the company said on Wednesday. Friday's outage happened because CrowdStrike's Falcon Senso...

July 24, 2024 12:51 PM

World breaks hottest day record for second day in a row

Monday, July 22 was again the hottest day on record, according to preliminary data from a European Union monitoring agency, inching past Sunday, July 21 which had just taken the title. The global average surface air temperature rose to 17.15 degrees Celsius — 0.06 degrees higher than Sunday's mar...

July 24, 2024 10:57 AM

Nifty, Sensex yet to cheer Union Budget, Stock markets open in red

Indian benchmark indices opened in negative territory as the Union budget proved to be a non-event for the market participants. The Sensex opened in red at 80,343.38, down 85.43 or 0.11 percent while the Nifty 40 opened in red at 24445.00, down 34 points or 0.14 percent. The Bank Nifty showed a simi...

July 24, 2024 10:38 AM

G20 draft communique sees growing chance of global economic ‘soft landing’

Group of 20 finance leaders are expected to cheer the growing likelihood of a global economic "soft landing" while warning of the risks from unspecified "wars and escalating conflicts," according to a draft communique seen by Reuters on Tuesday. Speaking to the press, Brazil's G20 finance track coo...

July 23, 2024 6:09 PM

Sensex, Nifty end lower after a rollercoaster ride on Budget day

Indian benchmark indices experienced significant volatility on Tuesday as Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25. A notable market-moving announcement was the increase in long-term capital gains tax to 12.5% from the previous 10%. Initially, the Sensex plummeted to a...

July 23, 2024 4:41 PM

Dubai business leaders praise India’s 2024 Budget

Business experts in Dubai have responded positively to India's 2024 budget, highlighting its potential impact on UAE-India economic relations. CA Navin Sharma, Chairman of the Tax Society UAE, commended the budget, particularly noting the reduction in gold import duty from 15% to 6%. This change ...

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