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Munger's Shadow Economy: From Cigarettes to Counterfeits
devdiscourse71d ago

Munger's Shadow Economy: From Cigarettes to Counterfeits

Munger a once-prominent name in Asias cigarette production industry is transitioning into a notorious epicenter for counterfeit cigarette manufacturing as prices continue to soar The towns historical significance stems from hosting ITC Ltds first factory in 1907 which marked the beginning of an era for cigarette production in India

#ECONOMY
WISTA Commends Marine and Blue Economy Ministry, NIMASA Over Launch Of CVFF Application Portal
primetimereporters71d ago

WISTA Commends Marine and Blue Economy Ministry, NIMASA Over Launch Of CVFF Application Portal

The Women International Shipping and Trading Association, WISTA Nigeria has, on behalf of the women maritime associations in the Nigerian maritime industry, congratulated the Federal Ministry of Marine and Blue Economy, led by the Honourable Minister, Adegboyega Oyetola, and the Nigerian Maritime Administration and Safety Agency, NIMASA, under the leadership of Director-General, Dr. Dayo Mobereola, [...]

#ECONOMY
Why Indian stock markets often trade lower ahead of budgets
sambadenglish71d ago

Why Indian stock markets often trade lower ahead of budgets

New Delhi: As the government prepares to present the Union Budget 2026-27, data from 2010-2022 shows that stock markets often trade lower ahead of the event due to fear of policy surprises, though post-budget rebounds are common, with an average 1.36 per cent gain in the following week, according to market watchers. This pre-budget weakness is attributed to elevated volatility, as seen in the average 2.65 per cent intraday trading range on budget day itself, they said.Over the past 15 years, the average return for Nifty one week before the budget has been negative at -0.52 per cent, with the index closing higher only on 8 occasions.This pattern aligns with broader trends, where Nifty posted negative returns in the month preceding the budget in four out of the last five years, including a drop in January 2025.“For the Union Budget 2026, expectations centre on balancing fiscal prudence with growth stimulus amid global headwinds like US tariffs under President Donald Trump,” said Rahul Sharma, Director, Head - Technical and Derivative Research, JM Financial Services Ltd.Key anticipations include increased capital expenditure on Infrastructure, Defence, and Railways to shield the economy from external shocks, with a hike in defence allocation.Industry bodies seek boosts for MSMEs, manufacturing, green energy, AI and exports through incentives like faster GST refunds and investments in logistics.“Fiscal deficit is projected at 4.4 per cent of GDP, with emphasis on job creation, rural demand, and sustainable development to propel India toward a $5 trillion economy,” he mentioned.However, several risks could impact market reactions. Budget day volatility remains high, with possible potential sell-offs if stimulus falls short or fiscal targets slip, potentially raising bond yields and tightening liquidity.Geopolitical tensions, currency fluctuations, and global trade disruptions pose external threats, while domestic execution delays in policies could erode investor confidence, said analysts.Overvaluation concerns, FII outflows, and an AI bubble burst are additional headwinds that might derail Nifty's rally toward 29,000 in 2026.“Investors are advised to maintain cash positions until post-budget clarity emerges, focusing on sectors like defence and PSU Banks for selective opportunities,” said Sharma.CareEdge Ratings expects fiscal deficit to GDP to be contained at 4.4 per cent in FY26."Fiscal deficit is likely to be budgeted at 4.2-4.3 per cent in FY27. We expect gross borrowing to be in the range of Rs 16-17 trillion in FY27 and net borrowing likely at Rs 11.5-12 trillion,” the report mentioned.

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Trump’s CEO Playbook: Reshaping USA Inc. for Profit and Power
webpronews71d ago

Trump’s CEO Playbook: Reshaping USA Inc. for Profit and Power

President Trump runs USA Inc. like a turnaround CEO, securing deals with Intel, Nvidia and pharma giants while using tariffs and equity stakes to drive growth. Surging GDP and CEO praise highlight the pro-business pivot fueling economic resilience.

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Union Budget 2026: Will stock market open on Sunday, February 1? Check NSE, BSE trading timings and other details
news24online71d ago

Union Budget 2026: Will stock market open on Sunday, February 1? Check NSE, BSE trading timings and other details

Union Budget 2026: The decision to keep the Indian stock market open on Sunday will allow traders to react right away to any changes. Following the Finance Ministry's announcement, traders have been closely tracking every update on the Budget as any changes to taxes, government expenditure, or policy directly affect the stock market.The post Union Budget 2026: Will stock market open on Sunday, February 1? Check NSE, BSE trading timings and other details appeared first on News24.

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Forex woes exposing many to scams
mwnation71d ago

Forex woes exposing many to scams

Locked out of banks and racing against time, Malawian traders are turning to shadowy middlemen to pay foreign suppliers — and some are losing life‐changing sums. With banks limiting withdrawals to as little as $200 and taking weeks to process requests, ordinary businesspeople are being pushed into risky, unregulated deals. What began as a shortfall ...The post Forex woes exposing many to scams appeared first on Nation Online.

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