The Press Editor

India's primary market is abuzz with several initial public offerings (IPOs) currently open for subscription. Among them, the subscription window for hydraulic fitting manufacturer Hy-Tech Engineers Ltd is set to end today in a few hours. The Rs 135.73-crore IPO has received a good response from investors so far and has been subscribed 142.44 times. According to data available on the National Stock Exchange (NSE), the IPO got bids for 2,58,45,41,648 shares against 1,81,45,406 shares on offer. The portion for non-institutional investors received 299.04 times subscription. The quota for retail investors was subscribed 133.17 times and that of Qualified Institutional…

India's luxury housing developers are increasingly designing projects around wellness rather than conspicuous consumption, betting that affluent homebuyers will pay a premium for residences that promise healthier lifestyles, preventive healthcare and better ageing. The shift marks a departure from the sector's traditional emphasis on scale, imported finishes and clubhouse amenities. Instead, developers are investing in low-density masterplans, biophilic design, clean-air systems and integrated health infrastructure as India's wealthy increasingly view homes as long-term lifestyle assets rather than purely financial investments. The trend comes as luxury housing continues to outperform the broader residential market, even as affordability pressures weigh on mass…

Shares of infra-to-energy player Hazoor Multi Projects Limited (HMPL) opened in the green after the company announced that it has secured a contract worth Rs 193.85 crore from the National Highways Authority of India (NHAI). The counter began the trading session at Rs 20.60, up Rs 0.25, or 1.22 per cent, from the previous close of Rs 20.35 on the BSE. The stock saw buying interest despite market volatility and touched an intraday high of Rs 20.75, up 1.96 per cent from the previous close. Last seen, the stock was trading in the green at Rs 20.73.  Details of contract…

Rates of precious metals in futures remained steady on Thursday, August 27, 2026, supported by relatively softer crude oil prices and a decline in the US dollar. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 836 or 0.52 per cent at Rs 1,60,499 per 10 grams against the previous close of Rs 1,59,663. It gained further to touch the intraday high of Rs 1,60,898, gaining Rs 1,235 or 0.77 per cent.  On the MCX, the yellow metal futures for December 2026 were up by Rs 267 or 0.19 per cent to…

Travelling by CNG-powered black-and-yellow taxis and auto rickshaws in Mumbai will become more expensive from September 1, 2026, as the Mumbai Metropolitan Region Transport Authority (MMRTA) has approved a fare hike. According to an official of the Regional Transport Office (RTO), the MMRTA has s approved a fare hike of Rs 2 for black-and-yellow taxis and Rs 1 for auto-rickshaws plying in the metropolitan region. The MMRTA has approved the fare revision based on the formula derived by the four-member Khatua panel for revising fares of black-and-yellow taxis and auto-rickshaws in Maharashtra. The Maharashtra transport secretary chairs the MMRTA. How…