Three new All India Institutes of Ayurveda to be set up and AYUSH pharmacies and drug testing labs to upgraded, says Sitharaman
While presenting the Union Budget 2026, Sitharaman said the Budget aims to reduce TCS rate on these packages from the current 5 percent and 20 percent to 2 percent without any stipulation of amount.
“The strategy will include a biopharma-focused network with three new National Institutes of Pharmaceutical Education and Research, popularly known as NIPERs, and upgrading seven existing ones,” Sitharaman announced.
'In partnership with the private sector, these hubs will serve as integrates healthcare complexes that combine medical, educational and research facilities,' FM Nirmala Sitharaman said.
'We now propose to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh and Tamil Nadu to establish rare earth corridors to promote mining, research and manufacturing,' said Finance Minister Nirmala Sitharaman.
IFCI currently has an effective, indirect stake of approximately 2.35 percent in the NSE through its majority ownership of Stock Holding Corporation of India (SHCIL).
Silver futures with March expiry reclaimed Rs 2.8-lakh mark, after hitting a low of Rs 2,65,652 per kilogram in the early trading hours of Sunday.
The Nifty Metal index tumbled more than 5% to hit a low of 11,218.80 in the early trading hours of Sunday, extending sharp decline for the second consecutive session.
Budget 2026 hiked NCCD rate on chewing tobacco, jarda scented tobacco and others to 60% from 25% from May 2026.
The index closed 0.58% (more than 347 points) lower at 59,610.45 on Friday, led by losses in private lenders like Canara Bank, ICICI Bank, Kotak Mahindra Bank and others.
Gold and silver prices have seen a significant decline in the second half of last week, after scaling fresh lifetime highs just before.
Investors should focus on policy continuity and stability. The finance ministry will endeavour to avoid any disruptive tax moves that could rattle sentiment or strain the fiscal framework.
Srit India IPO | The offer comprises of entirely fresh issue of 1.68 crore equity shares by the company.
All three companies - Msafe Equipments, Accretion Nutraveda and Kanishk Aluminium - will finalise their IPO share allotments by February 2, and their shares will be available for trading on the BSE SME platform on February 4.
The report notes, India’s OTC market is supported by multiple structural tailwinds—including swelling middle‑class affluence, rising out‑of‑pocket healthcare spending and the explosion of digital commerce—that together are “reshaping demand.”
Profit after tax came in at Rs102.6 crore, nearly flat sequentially and down 6.5 percent year‑on‑year, even as revenue rose 30.8 percent YoY to Rs 942.1 crore
Our research and opinion teams have curated a selection of articles and social media gems from the world of economy, business and finance for your weekend read
All the five companies -- HD Fire Protect, Xtranet Tech, Parijat Industries, Rotomag Enertec, and CSM Technologies -- filed their draft papers with the capital markets regulator in September 2025 to raise funds via initial public offerings (IPOs). However, Associated Power Structures has withdrawn its IPO papers on January 30.
Bajaj Auto share price: EBITDA jumped 22% to Rs 3,161 crore, and margin rose to 20.8%.
Hindustan Zinc share price: Hindustan Zinc is the largest producer of silver in India, and produces refined silver with a minimum 99.9 percent purity. Hence, the fall in the precious metals pushed the stock down.
The move is being seen as a major win for Aurobindo Pharma, which has invested Rs 3,500-crore to build a massive facility to manufacture penicillin and its salts, which are critical antibiotic raw materials
Tata Motors share price: The company incurred exceptional costs worth Rs 1,643 crore during the quarter, due to demerger and acquisition-related costs, along with new labour code impact.
Paytm share price: The shares of the fintech platform dropped to Rs 1,115.60 apiece, the lowest level seen by the stock since September 30.
Vedanta share price: The sharp fall in the share price comes a day after the stock hit a fresh 52-week high of Rs 769.80 apiece.
South Indian Bank share price: The lender said that it will take necessary steps to identify PR Seshadri's successor for the position of Managing Director & CEO.