India and France have signed a key protocol amending their 1992 tax treaty, reshaping capital gains, dividend taxation and information-sharing rules. The move aims to end MFN disputes and boost cross-border investment flows.
RBI Governor Sanjay Malhotra said there is no systemic risk arising from IDFC First Bank’s Rs 590-crore fraud involving certain employees and Haryana government-linked accounts. The central bank is closely monitoring developments and emphasized that banks remain well-capitalised, with capital adequacy at 17%. Following the disclosure, IDFC First Bank shares fell sharply.
Gold and silver prices witnessed a sharp surge today with MCX gold nearing ₹1.60 lakh per 10 grams and silver jumping ₹15,000 to a record ₹2.68 lakh per kg. Global uncertainty, weak dollar trends, and tariff tensions boosted safe-haven demand.
Indian equity markets opened higher on February 23 amid positive global signals, with Sensex and Nifty posting gains and the rupee strengthening against the dollar. However, IDFC First Bank shares plunged nearly 10 percent after the lender reported alleged fraudulent transactions worth ₹590 crore linked to Haryana government accounts.
Driven by concerns over rising screen time, Sukriti and Rajat Mendiratta launched Panda’s Box in 2022, creating mantra-singing plush toys rooted in Indian culture. The startup offers screen-free learning products, including musical books and storytelling kits.
The US Supreme Court has ruled Donald Trump’s tariff policy illegal, delivering a major setback. The decision upholds lower court findings that he exceeded his authority, impacting trade relations with India and other global partners.
Odisha Chief Minister Mohan Charan Majhi has presented a Rs 3.10 lakh crore budget for 2026-27, focusing on agriculture, rural infrastructure and women empowerment, including a new financial support scheme for girl children from weaker sections.
Gold prices rose in the domestic futures market as escalating tensions between the US and Iran boosted safe-haven demand. MCX gold April futures climbed 0.20% to ₹1,55,110 per 10 grams, while silver gained 0.65%. However, a strengthening dollar index, which touched 98, limited further upside.
The Indian stock market opened lower on February 20, tracking weak global cues and rising geopolitical tensions. The Sensex fell over 225 points while the Nifty 50 hovered near the 25,400 mark. IT stocks led the decline, mirroring losses in US markets.
The summit, themed around global AI innovation and policymaking, has drawn ministerial delegations from over 45 countries, representatives from the United Nations, and leading global technology firms.
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