Tax holiday troubles locals; PB Fintech’s new bet
Happy Tuesday! A Budget proposal giving tax relief to foreign data centre firms has raised concerns among Indian infrastructure companies. This and more in today’s ETtech Morning Dispatch
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FPI investments in primary market nearly halve in FY26
Foreign investors reduced selling in Indian stocks this fiscal year. However, their investment in initial public offerings and qualified institutional placements also dropped significantly. This trend suggests a waning interest in Indian equities. Meanwhile, domestic mutual funds continued their strong…
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Crypto market volatility triggers $2.5 billion in bitcoin liquidations
In a turbulent turn of events, Bitcoin enthusiasts endured a collective loss of $2.56 billion recently. The cryptocurrency market, alongside riskier assets such as stocks and precious metals, buckled under heavy selling pressure. Heightened anxiety over the evolving AI landscape…
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Gokaldas Exports, Welspun Living, other textile stocks in focus on India-US trade deal
Indian textile stocks are poised for gains following a new trade deal with the US, which lowers tariffs on Indian exports to 18%. This move significantly benefits companies heavily reliant on the US market, removing a key overhang that had…
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Gold rebounds more than 3% after sharp selloff
Tuesday witnessed a notable rally in gold prices, climbing more than 3 percent after a brief decline that brought them to a near one-month low. Observers attribute this rebound to the anticipation of a quieter market week, given the partial…
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India-US trade deal "biggest victory" in ties in nearly a year, analyst says
India, US trade deal announcement: The US and India have reached a trade deal, with Washington reducing tariffs on Indian goods to 18%. This agreement is seen as a significant confidence-building measure after a year of strained relations. While hailed…
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