Business

Hyderabad, February 3, 2025: Blue Cloud Softech Solutions Ltd (BSE: 539607) announced the successful completion of a Proof of Concept for its BluHealth Screener and BluHealth Scanner at Madgaon Railway Station in Goa, marking a key milestone in the deployment of AI-enabled preventive health screening solutions within live railway operations.PoC Execution and Key Outcomes The two-day exercise, conducted on January 15 and 16, tested BluHealth’s AI-driven screening platform in a high-footfall public environment. The PoC involved 44 participants, including 30 Konkan Railway staff members and 14 passengers, under the supervision of 5 to 7 railway officials, with operational support from two BluHealth team members.The platform enabled...

Pune, February 3, 2026 – Bajaj Auto Limited (BSE: 532977 | NSE: BAJAJ-AUTO) reported a strong performance in January 2026, with total vehicle sales rising 25 percent year-on-year to 4,77,422 units, supported by robust export demand and accelerated growth in the commercial vehicle segment. The company recorded broad-based momentum across two-wheelers and commercial vehicles, with both domestic and overseas markets contributing to the expansion. January 2026 Sales Performance (YoY Comparison)ParticularsJan 2026 (Units)Jan 2025 (Units)YoY ChangeTwo-Wheelers – Domestic2,14,7271,71,299+25%Two-Wheelers – Exports1,91,5681,57,114+22%Total Two-Wheelers4,06,2953,28,413+24%Commercial Vehicles – Domestic47,24837,060+27%Commercial...

American Leaders Welcome Trade Agreement with India Senior American leaders have welcomed the trade agreement announced by US President Donald Trump with India, describing it as a strategic step that expands market access for American farm products while strengthening geopolitical cooperation.The agreement is expected to open India’s vast consumer base to US agricultural exports and support broader efforts to reshape global energy and trade flows.Senate Leaders Highlight Strategic Importance Senate Foreign Relations Committee Chairman Jim Risch praised the agreement, calling it a major achievement that reduces trade barriers between the two democracies. He described India as a close partner of the United States and an integral ally...

Force Motors Limited (BSE: 500033 | NSE: FORCEMOT) reported a steady improvement in vehicle dispatches for January 2026, with combined domestic and export volumes rising 4.64 percent year-on-year, led by growth in domestic sales across its commercial and utility vehicle portfolio. The company sold a total of 3,764 units in January 2026, compared with 3,597 units in the corresponding period last year. Domestic volumes continued to outpace exports, reflecting stable demand conditions in the local market for small commercial vehicles and utility-led applications. Domestic Sales Performance Domestic dispatches showed a positive trajectory during the month, supported by improved demand for SCVs and LCVs.CategoryJanuary 2026 (Units)January...

Ahmedabad, February 3, 2026 Prime Minister Narendra Modi on Monday announced a significant reduction in United States tariffs on Made in India products to 18 percent. The announcement followed a discussion with US President Donald Trump, which the Prime Minister shared through a social media post.Announcement After Bilateral Discussion The Prime Minister said he was pleased to speak with President Trump and highlighted the importance of cooperation between the two nations. He noted that when the world’s two largest economies and leading democracies work together, it creates meaningful benefits for people and opens vast opportunities for mutually beneficial collaboration.Message of Appreciation and Partnership Expressing gratitude on...

Mumbai, February 3, 2026 Sun Pharma Advanced Research Company Ltd. (SPARC) announced that it has received a Priority Review Voucher linked to the approval of its drug Sezaby, marking a significant milestone in the company’s innovation-led growth strategy.The receipt of the voucher strengthens SPARC’s ability to accelerate the development of its clinical pipeline and enhances strategic flexibility in advancing future drug applications.Key Development and Strategic Significance The Priority Review Voucher is a transferable asset that enables expedited review of a subsequent drug application, allowing companies to significantly reduce regulatory timelines for future therapies. Such vouchers are typically awarded for the successful...

Mumbai, February 03, 2026: Godrej Properties Limited (GODREJPROP) announced sales exceeding ₹1,000 crore at the launch of its premium plotted development project, Evora Estate, in Panipat, marking a strong entry into the Haryana city’s residential market.The company has sold over 600 plots since the project’s launch in December 2025, covering nearly 8 lakh square feet of saleable area. This is Godrej Properties’ first project in Panipat and its most successful plotted development launch to date in terms of sales value.Evora Estate is located in Sector 40, Panipat, along the NH-44A corridor. Spread across 43 acres, the project features a Mediterranean-themed layout, a luxury clubhouse, and multiple lifestyle amenities. The...

MAT Relief Proposed for Non-Resident Taxpayers Finance Minister Nirmala Sitharaman on Sunday proposed exempting Minimum Alternate Tax for non-residents who pay tax on a presumptive basis, offering relief to eligible overseas taxpayers under the proposed tax framework for 2026-27.Safe Harbour Threshold for IT Services Raised In her Budget speech, the Finance Minister announced a significant increase in the threshold for availing safe harbour provisions for IT services. The limit has been proposed to be raised from Rs 300 crore to Rs 2,000 crore, a move aimed at expanding the scope of simplified tax compliance for eligible service providers.TCS Rate Rationalised on Select Goods The Budget also proposed rationalisation of the tax...

New Delhi, February 1 Finance Minister Nirmala Sitharaman on Sunday unveiled a series of taxpayer-focused and development-oriented measures while presenting the Union Budget 2026-27 in the Lok Sabha.Six-Month Foreign Asset Disclosure Window The finance minister proposed a six-month foreign asset disclosure scheme aimed at small taxpayers, including students, technology professionals, and non-resident Indians who have relocated overseas. The initiative is designed to facilitate voluntary compliance within a defined timeframe.Relief on Interest Liability During Appeals In a move offering procedural relief, Sitharaman announced that taxpayers will not face any interest liability on the penalty amount for the period of appeal before the...

More Time for Filing Revised Income Tax Returns Finance Minister Nirmala Sitharaman on Sunday proposed extending the deadline for filing revised income tax returns, offering taxpayers additional time to correct or update their filings. Under the proposal announced in the Union Budget 2026-27, the last date for submitting a revised return would be moved from December 31 to March 31, subject to payment of a nominal fee.The move is aimed at easing compliance for taxpayers and reducing procedural pressure, particularly for individuals who may require more time to reconcile financial details.Lower TCS Rates Under Liberalised Remittance Scheme The Budget also announced a reduction in Tax Collected at Source rates for individuals remitting...

New Tax Law to Replace Six-Decade-Old Income Tax Act Finance Minister Nirmala Sitharaman on Sunday announced that the Income Tax Act, 2025 will be implemented from April 1, marking a major overhaul of India’s direct tax framework. The new law will replace the Income Tax Act of 1961, which has governed taxation in the country for more than six decades.The finance minister said that the rules and income tax return forms under the new legislation will be notified shortly, giving taxpayers sufficient time to understand and adapt to the revised system.Budget 2026-27 Changes to Be Built Into New Legislation Presenting the Union Budget 2026-27 in the Lok Sabha, Sitharaman stated that all changes announced in the latest Budget relating to...

New Education Infrastructure Announced in Budget Speech The Government will establish five university townships in the vicinity of major industrial logistics centres, Union Finance Minister Nirmala Sitharaman announced while presenting the Union Budget 2026-27 in the Lok Sabha on Sunday.The announcement is aimed at strengthening the link between higher education and industrial ecosystems by placing academic institutions closer to key logistics and manufacturing zones.One Girls’ Hostel Planned in Every District As part of the education and social infrastructure push, the Finance Minister also announced the setting up of one girls’ hostel in every district across the country. India has more than 700 districts, making the initiative...

Budget 2026 Focuses on Healthcare Expansion and Rural Employment Finance Minister Nirmala Sitharaman on Sunday announced that the government will establish a nationwide network of more than 1,000 accredited clinical trial sites, marking a major push to expand India’s healthcare research infrastructure beyond major metropolitan centres.At present, most large clinical trial facilities are concentrated in cities such as Mumbai, Delhi, Bengaluru, Chennai, and Hyderabad. The proposed expansion aims to widen access and strengthen India’s overall clinical research ecosystem.Credit-Linked Subsidy for Livestock Farmer Producer Organisations As part of the Budget proposals, the finance minister also introduced a credit-linked subsidy...

Debt-to-GDP Ratio Projected to Decline in FY27 The government has proposed to reduce the debt-to-GDP ratio to 55.6 percent in FY27, down from 56.1 percent in the current financial year, Finance Minister Nirmala Sitharaman said on Sunday while presenting the Union Budget 2026-27 in the Lok Sabha.₹5,000 Crore Allocation for CITY Economic Regions As part of the Budget proposals, the Centre has earmarked ₹5,000 crore over five years for the development of CITY Economic Regions (CERs). The allocation is aimed at supporting regional economic growth through focused infrastructure and planning initiatives.41 Percent Tax Devolution Formula Retained The Finance Minister also announced that the government has accepted the recommendations of...

PROI Investment Limits Proposed to Be Raised Finance Minister Nirmala Sitharaman on Sunday announced that individual persons residing outside India, referred to as PROIs, will be permitted to invest in equity shares of listed Indian companies through a portfolio investment scheme.As part of the proposal, the government also plans to raise the investment limit for PROIs to 10 percent from the existing 5 percent, widening participation by overseas individual investors in India’s equity markets.Corporate Bond Market and Derivatives Framework While presenting the Union Budget 2026-27, the Finance Minister proposed the development of a framework that provides suitable access to funds and derivatives linked to corporate bond indices. The...

Budget 2026-27 Focuses on Compliance Support for MSMEs The Union Budget 2026-27 has outlined a new initiative aimed at easing compliance challenges faced by Micro, Small and Medium Enterprises. The government will develop a dedicated cadre of corporate mitras in Tier II and Tier III cities to assist MSMEs with statutory and regulatory requirements at affordable costs.The announcement was made by Nirmala Sitharaman while presenting the Union Budget 2026-27 in Parliament.Corporate Mitras to Provide Affordable Professional Support According to the budget proposals, the corporate mitras cadre will help MSMEs meet compliance obligations, reducing procedural burdens for smaller businesses operating outside major urban centres. The...

Five Regional Medical Tourism Hubs Planned Across States Finance Minister Nirmala Sitharaman on Sunday announced plans to support states in setting up five regional medical tourism hubs as part of the Union Budget proposals.Presenting the Budget in Parliament, the Finance Minister said the Centre will launch a dedicated scheme to assist states in establishing these hubs. The proposed medical tourism hubs will function as integrated healthcare complexes, bringing together advanced medical services, education, and research facilities under a single framework.The initiative is aimed at strengthening India’s position as a global destination for medical tourism while also improving domestic healthcare infrastructure.₹10,000 Crore...

Girls’ Hostel in Every District Finance Minister Nirmala Sitharaman on Sunday announced the setting up of one girls’ hostel in every district across the country. The announcement covers all districts nationwide, numbering over 700, with the objective of expanding safe and accessible accommodation for women.Capital Subsidy Scheme for Veterinary Infrastructure The Finance Minister also proposed a loan linked capital subsidy support scheme aimed at strengthening veterinary colleges, veterinary hospitals, and diagnostic laboratories. The initiative is intended to support infrastructure development in the animal healthcare and education ecosystem.Ayush Pharmacies and Traditional Medicine Facilities to Be Upgraded As part of the...

New Delhi, February 1 Finance Minister Nirmala Sitharaman on Sunday proposed a significant increase in government support for electronics manufacturing, announcing an outlay of ₹40,000 crore for the sector in the 2026–27 fiscal year.Presenting the Union Budget for 2026–27, the Finance Minister outlined a series of measures aimed at strengthening domestic manufacturing capabilities across electronics, capital goods, chemicals, and logistics-related industries.High-Tech Tool Rooms and Capital Goods Push As part of the capital goods manufacturing strategy, the government will establish high-tech tool rooms at two locations. These facilities are intended to support advanced manufacturing requirements and enhance industrial productivity...

₹20,000 Crore Allocation for Carbon Capture and Utilisation Finance Minister Nirmala Sitharaman on Sunday proposed an allocation of ₹20,000 crore for a carbon capture and utilisation scheme spanning multiple sectors, including steel and cement. The proposal was announced while presenting the Union Budget for 2026–27 in Parliament, highlighting the government’s focus on climate linked industrial solutions.Incentives for Seaplane Manufacturing to Boost Tourism As part of efforts to strengthen tourism infrastructure, the Finance Minister said the government will provide incentives for manufacturing seaplanes in India. The move is aimed at supporting domestic production while improving connectivity to tourism destinations.High Level...