Nirmala Sitharaman

Sensex surged 1,100 points as strong IT earnings, rupee recovery and Nirmala Sitharaman’s remarks on capital gains tax fuelled hopes of a market revival, but is Dalal Street witnessing a genuine turnaround or merely a relief rally?

The immediate concern comes from a statement made by Pawan Goenka, who said that ISRO would eventually not manufacture launch vehicles and that the work would be carried out by private companies or PSUs.

The proposed changes are largely based on suggestions made by the Company Law Committee (CLC), which was set up by the government to review corporate laws.

The policy promises long term certainty for foreign investors and data centre expansion, but Indian cloud founders warn it may deepen reseller dependence unless parallel incentives are created to support domestic platforms and technology ownership.

One of the healthcare highlights of the budget is the decision to establish a national institute for mental healthcare in Ranchi, Jharkhand.