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Infra stocks fall on 'modest' capital spending hike in Budget 2025

Infrastructure index reversed gains following the budget presentation, and was last down 1.1 per cent. L&T's shares fell nearly 5 per cent, marking their sharpest one-day fall in more than 3 months

'Tax cuts to boost consumption', say top executives across sectors

The government's plan is estimated to help around 25-30 million personal tax payers save about 100,000 rupees annually, according to Kamal Bali, managing director of Volvo Group India

Govt to provide $647 mn to support strategic reserve oil purchases in FY26

The budget proposals also include an allocation of about Rs 180 crore for operation and maintenance of the SPRs and about Rs 335 crore for purchase of land and construction of new caverns

Modi turns to India's middle class to revive growth in rough global year

The government said people earning up to Rs 12.8 lakh ($14,800) per year will not have to pay any taxes, raising its threshold from Rs 700,000

Punjab National Bank eyes $1.96 billion bad loan recovery in FY25, says CEO

PNB's asset quality has improved over the last two years, after a debilitating corporate bad loan cycle between 2011 and 2019

Trump's Pentagon says it will 'rotate' out some media from offices

Each year going forward, one outlet from print, online, television and radio will rotate out of the Pentagon to allow a new outlet from the same medium that has not had unique opportunity to report

US limits helicopter flights after Washington DC crash, 'black boxes' found

Investigators were able on Friday to recover the helicopter's black box, which captures flight data and voices in the cockpit

Trump, Nvidia CEO discuss DeepSeek, AI chip exports during meeting at WH

Trump did not provide details of the meeting but called Huang a gentleman

Most US govt websites online and accessible despite reported pause plan

Trump has moved quickly to quash federal diversity initiatives since taking office on Jan. 20

Trump moves to cancel recent union agreements with federal workers

Trump embarks on a massive makeover of the US government, firing and sidelining hundreds of civil servants

Budget 2025: Modi govt to seek to revive growth, ease cost of living

Economists expect the budget to ease the burden on individuals through tax cuts on income and energy products and to build on the $24 billion programme of job creation schemes

Oil posts weekly losses as US ready to impose tariffs on Canada, Mexico

Trump will include a process for Canada and Mexico to seek specific exemptions for certain imports, adding that new tariffs would become effective on March 1

AstraZeneca scraps $558 mn UK investment plans citing cut in govt support

The decision to ditch the development of an existing facility in the Speke area of Liverpool comes at a time when Prime Minister Keir Starmer is pushing hard to drum up investment in Britain

Exxon reports mixed Q4 results with strong production, weak refining profit

Lower corporate costs also enabled the company to beat profit estimates, said RBC Capital Markets analyst Biraj Borkhataria. Earnings from producing gasoline and diesel were $323 million

Euro area 2-year yields set for largest weekly drop since September

Germany's rate-sensitive two-year bond yield, was down 81 basis points (bps) at 2.18% on Friday. It was set to end the week 16 bps lower in its biggest fall since the week of Sept. 23

Key US inflation gauge posts largest monthly rise since last April

The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%. That was the biggest gain in seven months

Chevron posts weak profit as refining biz suffers first loss in four years

Chevron's downstream business lost $248 million in the fourth quarter of 2024, compared with a profit of $1.15 billion in the same period a year ago

Biocon Biologics plans IPO for biosimilars business by Mar 2026: CEO

The company, which has been pushing its IPO plans for the past year, has been waiting to complete the integration of its acquired biosimilars firm Viatris and refinance debt before it goes public

LIC Housing Finance Q3 results: Net profit rises 23% to Rs 1,432 cr

The company's disbursements have been slower than its peers in last few quarters. Earlier this month, PNB Housing's reported a 30% rise in disbursements for the third quarter

Whatsapp alleges Israel's spyware firm Paragon of targeting dozens of users

The official declined to say who, specifically, was targeted or where they were geographically, saying only that targets included an unspecified number of civil society and media figures