The Press Editor

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Sensex surges 940.73 points to settle at 77,958.52, Nifty above 24,300, Indigo among top gainers
06
May
By The Press Editor
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Business

Sensex surges 940.73 points to settle at 77,958.52, Nifty above 24,300, Indigo among top gainers

Mumbai: Indian benchmark indices witnessed a strong rally on Wednesday. Riding on global cues, the market rebounded strongly, bringing investors a welcome boost. News of a possible peace agreement between the United States and Iran created a positive market sentiment, pushing the Sensex nearly 1,000 points higher and the Nifty crossing 24,300. At the end of trading, the Sensex gained 940,73 points to close at 77,958.53. The Nifty also jumped 298.15 points to reach near 24,330.95. The market witnessed widespread buying, with approximately 2,755 stocks advancing while 1,287 stocks declined. "The markets staged a strong rebound, with Nifty closing above…
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India to continue ban on bilateral sports with Pakistan, multi-nation events exempted
06
May
By The Press Editor
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Sports

India to continue ban on bilateral sports with Pakistan, multi-nation events exempted

New Delhi: The Sports Ministry of India has continued with its ban on playing bilateral sporting events with Pakistan, but has exempted the multi-nation events. The ministry also reiterated its commitment to simplify the visa process for sportspersons, team officials, technical personnel, and office-bearers of International Sports Governing Bodies, as India presents itself as a "preferred sporting destination". "In so far as bilateral sports events in each other's country are concerned, Indian teams will not be participating in competitions in Pakistan. Nor will we permit Pakistani teams to play in India," the ministry stated in a circular issued to all…
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US and Iran nearing 14-point memorandum, launch 30-day negotiation window to end war: Reports
06
May
By The Press Editor
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World

US and Iran nearing 14-point memorandum, launch 30-day negotiation window to end war: Reports

Washington: In a significant development, negotiations between Washington and Tehran are reportedly advancing towards a preliminary accord aimed at halting current hostilities and establishing a framework for expansive nuclear talks. As per an Axios report, which cited several American officials and sources acquainted with the dialogue, the progress is being viewed as the most significant development since the onset of the conflict, though a definitive resolution has not yet been secured. The reported framework consists of a "one-page, 14-point memorandum of understanding" designed to trigger an immediate ceasefire and launch a "30-day negotiation window" to hammer out a broader settlement.…
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Sonakshi Sinhaโ€™s courtroom thriller โ€˜Systemโ€™ to release on May 22
06
May
By The Press Editor
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Entertainment

Sonakshi Sinhaโ€™s courtroom thriller โ€˜Systemโ€™ to release on May 22

Sonakshi Sinhaโ€™s fans were in for a delightful surprise when Prime Video announced on Wednesday that her courtroom thriller "System" will premiere on May 22. ย  Jyotika and Ashutosh Gowariker have pivotal roles in the film that is directed by Ashwiny Iyer Tiwari. ย  "System" follows Neha Rajvansh (Sinha), a public prosecutor, and Sarika Rawat (Jyotika), a courtroom stenographer from a humble background, who join forces to uncover buried injustices, even if it means taking on the most powerful. ย  The film has been produced by Pammi Baweja, Harman Baweja, and Smitha Baliga, and written by Harman Baweja, Arun Sukumar,…
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Big relief for homebuyers as UP RERA caps flat transfer fee at Rs 1,000 for legal heirs: Details
06
May
By The Press Editor
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Business

Big relief for homebuyers as UP RERA caps flat transfer fee at Rs 1,000 for legal heirs: Details

Lucknow: In a major relief to homebuyers in Uttar Pradesh, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) (UP RERA) has fixed a maximum fee of Rs 1,000 for transfer of flats to legal heirs in case of death of the original allottee. UP RERA Chairman Sanjay Bhoosreddy said that developers or promoters will now be required to transfer the flat, by default, to the spouse, son, or daughter of the deceased allottee on payment of a nominal processing fee of Rs 1,000. According to Bhoosreddy, the authority had received several complaints regarding builders charging arbitrary fees. There were…
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Hardik Pandya update: MI skipper’s latest move shadows doubt over his participation for RCB game in Raipur
06
May
By The Press Editor
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Sports

Hardik Pandya update: MI skipper’s latest move shadows doubt over his participation for RCB game in Raipur

New Delhi: Hardik Pandya might miss out on playing the Mumbai Indians' next Indian Premier League 2026 match against the Royal Challengers Bengaluru on May 10 in Raipur as the team skipper has not travelled with the team for their fixture, Cricbuzz reported. Hardik was out of MI's previous game against the Lucknow Super Giants due to what was officially conveyed as "back spasm" by the MI management. Suryakumar Yadav stood for him and helped MI win their only third game of the season to keep their campaign just about alive.ย  Surya might be captaining in the next game too…
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China asks Iran to reopen Strait of Hormuz ‘as soon as possible’ as Beijing faces energy strain
06
May
By The Press Editor
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World

China asks Iran to reopen Strait of Hormuz ‘as soon as possible’ as Beijing faces energy strain

Beijing: China on Wednesday asked Iran to quickly reopen the Strait of Hormuz, describing the restoration of normal maritime movement as a pressing concern for the global community. During talks in Beijing, Chinese Foreign Minister Wang Yi told his Iranian counterpart Abbas Araghchi that the world was expecting quick action to stabilise the key waterway.ย In a significant message to Tehran, Wang praised Iran for its stance on not developing nuclear weapons. His remarks come at a time when Washington has been pushing Iran to surrender enriched uranium stockpiles and commit to a 20-year halt to nuclear weapon development. Wang said…
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Larsen & Toubro bags its largest-ever order in domestic metals sector, shares end in red
06
May
By The Press Editor
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Business

Larsen & Toubro bags its largest-ever order in domestic metals sector, shares end in red

Mumbai: India's leading infrastructure company, Larsen & Toubro (L&T), has bagged a major contract from JSW Steel. The value of the contract is estimated to be between Rs 10,000 - Rs 15,000 crore. Larsen & Toubro stated in an exchange filing on Wednesday that it has won a 'mega' deal. "The Minerals & Metals (M&M) business vertical of L&T has secured its largest-ever order in the domestic metals sector โ€“ awarded by JSW Steel," the company said in an exchange filing.ย  Through this deal, JSW Steel is moving towards expanding its crude steel processing capacity from 35 million tonnes…
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Batting mights SRH-PBKS collide as race to the IPL 2026 playoffs heats up
06
May
By The Press Editor
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Sports

Batting mights SRH-PBKS collide as race to the IPL 2026 playoffs heats up

New Delhi: It's time for two batting powerhouses, Sunrisers Hyderabad and Punjab Kings, to face each other as the race to the IPL 2026 playoffs has heated up more than ever before. Following Chennai Super Kings' win over the Delhi Capitals, as many as six teams have a realistic shot to finish in the top four, as only two points separate the teams placed from second to sixth. PBKS were unbeaten till the halfway stage of the tournament but failed to defend targets against the Rajasthan Royals and the Gujarat Titans in their previous two games, raising concerns in their…
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Rs 270 interim dividend: Stock to trade ex-date soon, last change to be eligible for corporate action
06
May
By The Press Editor
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Business

Rs 270 interim dividend: Stock to trade ex-date soon, last change to be eligible for corporate action

Mumbai: Shares of Oracle Financial Services Software are in focus as they will trade ex-date for the interim dividend soon. According to the information shared, the board of directors of the company has declared an interim dividend of Rs 270 per equity share of face value of Rs 5 each for the financial year 2025-26. Earlier, the company had announced an interim dividend of Rs 130 for the ex-date of November 3, 2025. It must be noted that investors must hold the stock on or before the ex-date to be eligible for a corporate action. Oracle Financial Services Software Dividend…
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