The Press Editor

Mumbai: Shares of Vodafone Idea are in action on May 6, 2026, after Aditya Birla group Chairman Kumar Mangalam took charge as the new non-executive chairman of the debt-ridden firm. In morning trade, the company's stock rose 5.37 per cent to reach Rs 11.38 on both BSE and NSE. At the time of writing the report, the stock was trading at Rs 11.28, up 4.44 per cent on the BSE. The market cap of the company stood at Rs 1,22,210.94 crore. Similarly, the company's share price was trading at Rs 11.25, up 4.17 per cent on the BSE Sensex.   Mangalam to…

Mumbai: The initial public offering (IPO) of Blackstone-backed Bagmane Prime Office REIT has received a decent response from investors and has seen a 71 per cent subscription so far. According to the data available on the National Stock Exchange (NSE), the IPO received bids for 10,55,39,250 units against 14,79,21,000 units on offer. The category for other investors fetched 74 per cent subscription, while the portion for institutional investors got subscribed 69 per cent. Ahead of the public issue, the company secured about Rs 1,150 crore from anchor investors. The three-day subscription window for the Rs 3,405-crore public issue, which opened…

Mumbai: Rates of precious metals in futures inched higher on Wednesday, May 6, 2026, following a drop in crude oil prices after US President Donald Trump claimed progress in negotiations with Iran toward an agreement to end the war. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 2,247 or 1.5 per cent at Rs 1,52,000 per 10 grams against the previous close of Rs 1,49,753. It gained further to touch an intraday high of Rs 1,52,182, a jump of Rs 2,429 or 1.62 per cent. Last seen, it was trading at…

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened gap up on Wednesday, May 6, 2026, amid strong global cues as oil prices eased after President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation. While the 30-share BSE Sensex surged 406.57 points or 0.52 per cent to start the session at 77,424.36, the Nifty added 138.2 points to open at 24,171. In the last trading session, the Sensex closed at 77,017.79 and the Nifty 50 at 24,032.80. Similarly, the broader indices traded in the green in the opening session. While the…