India’s Forex Reserves Jump by $32.93B
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🗞️ ITC, Godfrey Phillips in the spotlight on tax hike
ITC and Godfrey Phillips see heightened scrutiny after tax hike announcements, leading to stock volatility. The tax hike aims to curb cigarette consumption and improve public health.
🗞️ Vodafone Idea shares rise over 4%
Vodafone Idea shares surged by over 4% after the telco announced it would receive ₹5,836 crore from Vodafone Group to strengthen its financial position.
🗞️ PM Modi says PRAGATI fast-tracked projects in 10 years
Prime Minister Modi lauded PRAGATI’s role in expediting over 500 projects, enhancing transparency and timely delivery of public initiatives over the past decade.
🗞️ GST collections pick up pace in December
GST collections in December rose to $20.9 billion, indicating a strong end to the year, with sectors like manufacturing and retail leading the surge.
🗞️ India’s exports to reach $950B in FY27
India is on track to hit $950 billion in exports by FY27, backed by key trade agreements with West Asia, and a booming demand for goods such as chemicals, pharmaceuticals, and electronics.
🗞️ India’s hospital sector to sustain 11-12% growth
India’s hospital sector is poised for a sustained 11-12% growth, fueled by increasing medical tourism, insurance penetration, and rising healthcare investments.
🗞️ Forex reserves jump by $32.93 billion
India’s forex reserves surged by $32.93 billion to a new high of $696.61 billion, reflecting stronger economic fundamentals and foreign investment.
📊 Market Update
📈 Sensex: 85,762.01 ▲ 573.41 (+0.67%)
📈 Nifty 50: 26,328.55 ▲ 182.00 (+0.70%)
🪙 Gold (per gram): 24K ₹13,522 ▼ ₹98 | 22K ₹12,395 ▼ ₹90
🥈 Silver (per kg): ₹2,40,000 ▲ ₹4,000