The Press Editor

Mumbai: The Securities and Exchange Board of India (SEBI) has approved several companies, including Premier Industrial Corporation and mattress maker Duroflex, to launch their initial public offerings (IPOs). The regulator has also cleared IPO proposals of Virupaksha Organics, Mumbai-based Hexagon Nutrition, and Om Power Transmission. According to SEBI data, companies that had filed draft papers between September and October received approval between February 10 and 13.  The approvals pave the way for fresh investment opportunities for stock market participants. Premier Industrial Corporation IPO details As per its draft documents, the proposed IPO of Premier Industrial Corporation comprises a fresh issue…

Mumbai: Madhya Pradesh Finance Minister Jagdish Deora on Wednesday presented a Budget of Rs 4.38 lakh crore for the financial year 2026–27 in the Assembly. The Budget was tabled amid interruptions and protests by the opposition, with Congress members raising slogans and expressing concern over the rising debt burden on the state’s people. Focus on inclusive growth and infrastructure Chief Minister Mohan Yadav said the Budget emphasises inclusive development, good governance, environmental protection, tourism and cultural revival. “We have pledged to build a prosperous Madhya Pradesh by 2047. We have allocated Rs 9 billion for the repair of damaged bridges…

New Delhi: The Delhi Development Authority (DDA) has announced major relief for homebuyers by removing separate parking charges from the total price of flats, including covered parking. The move is expected to reduce flat prices by Rs 5 lakh to Rs 12 lakh. The decision will take immediate effect in four major housing schemes. Four major housing schemes to benefit According to a report by The Times of India, the revised pricing will apply to: DDA Karmayogi Housing Scheme 2025 (FCFS) DDA Towering Heights Karkardooma Housing Scheme 2025 (e-auction) DDA Nagarik Awas Yojana 2026 DDA Towering Heights Karkardooma Housing Scheme…

Mumbai: Shares of smallcap IT firm Blue Cloud Softech Solutions Ltd (BCSSL) gained more than 3 per cent after the company announced two key developments for investors. Post this, the stock opened in green at Rs 23.23 against the previous close of Rs 22.96 on the BSE. Later, it touched a high of Rs 24.45.  At last check, the stock was trading at Rs 23.80 on the BSE Ltd, up 3.66 per cent or Rs 0.84. The market cap of the company stood at Rs 1,792.33 crore. The stock has a 52-week high of Rs 38 and a 52-week low…

Mumbai: Shares of Hazoor Multi Projects Ltd (HMPL) are on investors’ radar following key corporate updates shared in recent exchange filings. After market hours on Tuesday, the company informed investors about developments related to its stake in Vyom Hydrocarbon Private Limited (VHPL). In its filing, the company said it had earlier acquired a 51 per cent stake in Vyom Hydrocarbon Private Limited (VHPL) and appointed its directors to the board of VHPL. VHPL subsequently acquired a 100 per cent stake in Quippo Oil and Gas Infrastructure Limited, making Quippo a step-down subsidiary of HMPL. However, CCDs (convertible debentures) worth around…