The Press Editor

Mumbai: Shares of Renewable energy player RDB Infrastructure and Power gained 5 per cent on Wednesday amid a rally in the benchmark indices, following a ceasefire announced by the United States and Iran that sent Brent crude oil prices lower. The counter opened gap up with a gain of 4.99 per cent at Rs 34.48 against the previous close of Rs 32.84 on the BSE. However, the counter witnessed some profit booking at higher levels and fell to touch the intraday low of Rs 33.50. However, it bounced back and last seen the stock was trading at Rs 34.47 with…

Mumbai: Shares of Elitecon International, a diversified FMCG enterprise, rebounded on Wednesday amid a sharp rally in the benchmark indices Sensex and Nifty after the US and Iran announced a two-week ceasefire. The stock opened in the red at Rs 37.46, down from the previous close of Rs 39.43 on the BSE. However, amid a spurt in trading volume by more than 30.96 times, the counter gained 5 per cent and was locked in an upper circuit. Last seen, the stock was trading at Rs 40.13 with a gain of Rs 0.70 or 1.78 per cent. The market cap of…

Mumbai: Shares of Knowledge Marine and Engineering Works Ltd, which is into dredging, repairs, and maintenances of marine crafts and marine infrastructure, surged over 5 per cent on Wednesday after the company informed exchanges about the commissioning of River Pearl 47, the largest and deepest Indian-flag, self-propelled backhoe dredger, at Jawaharlal Nehru Port Authority (JNPA) under contract with the Dredging Corporation of India. The counter opened gap up at Rs 1750.95, representing a gain of 5.46 per cent from the previous close of Rs 1,660.30 on the BSE. However, it later dipped amid profit booking and touched the intraday low…

New Delhi: To provide immediate relief to the aviation sector, the Airports Economic Regulatory Authority of India (AERA) has announced a major decision. According to AERA, landing and parking fees for domestic flights have been reduced by 25 per cent at all major airports across the country. This reduction is effective immediately and will remain in effect for the next three months. After three months, AERA will review market conditions, airlines' financial positions, and industry challenges before deciding on further charges. The tariff follows the government's directive to the authority in view of the ongoing West Asia crisis, the order…