The Press Editor, Author at 𝓣𝓱𝓮 𝓟𝓻𝓮𝓼𝓼 𝓔𝓭𝓲𝓽𝓸𝓻

17 banks, Rs 7,000 crore in fixed deposits: India’s richest village Madhapar and the surprising story behind its extraordinary wealth

07

Sep

Lifestyle

17 banks, Rs 7,000 crore in fixed deposits: India’s richest village Madhapar and the surprising story behind its extraordinary wealth

Madhapar is on the outskirts of Bhuj in Gujarat’s Kachchh district. Imagine a village with 17 bank branches, where residents collectively hold fixed deposits worth around Rs 7,000 crore. This is not a description of a wealthy urban neighbourhood. It is Madhapar, a village on the outskirts of Bhuj in Gujarat’s Kachchh district. Madhapar has frequently been described as Asia’s richest village, based on the enormous value of fixed deposits held by its residents. According to a 2025 report by NDTV, residents of the village had fixed deposits worth around Rs 7,000 crore.The striking part of the story is not…

New gas cylinder rules: LPG refill booking interval in rural areas reduced to 25 days

07

Sep

By The Press Editor

Business

New gas cylinder rules: LPG refill booking interval in rural areas reduced to 25 days

In a major development, Union Minister Suresh Gopi on Monday announced a revision of the refill booking interval in rural areas to 25 days, down from 45 days. The Minister said the central government has asked oil marketing companies to implement the revised LPG refill booking interval of 25 days uniformly in both urban and rural areas immediately. He said that the refill booking interval was revised due to the pressure on liquefied petroleum gas (LPG) supply following the Middle East conflict. "However, in view of the current LPG supply situation improving and the significant reduction in refill backlog, the…

Want to achieve financial independence by 50? Here’s the math, mindset, and realistic plan

07

Sep

By The Press Editor

Business

Want to achieve financial independence by 50? Here’s the math, mindset, and realistic plan

Ask anyone who has read a few articles on early retirement how much they need to retire, and you will get an answer in seconds - the 25x rule. Spend Rs 12 lakh a year, or Rs 1 lakh a month, and you need a corpus of Rs 3 crore, from which you withdraw 4 per cent every year, forever. Rohit Tuteja, Co-Founder & CEO of finny.club, says that it is a neat rule, but it is inaccurate for most Indians. "Not because the math is flawed, but because it was built for a different country and a different decade,"…

Rani Mukerji to receive honorary doctorate at IFFM 2026

07

Sep

By The Press Editor

Entertainment

Rani Mukerji to receive honorary doctorate at IFFM 2026

Bollywood actor Rani Mukerji will be conferred the prestigious Honorary Doctor of Letters by La Trobe University during the 2026 edition of the Indian Film Festival of Melbourne (IFFM) in recognition of her outstanding contribution to Indian cinema and humanitarian work. The honorary degree will be presented at a special ceremony on August 14, 2026, at Federation Square in Melbourne as part of the festival celebrations. The honour recognises Mukerji's nearly three-decade-long contribution to Indian cinema, as well as her sustained efforts towards social causes supporting women, children and marginalised communities. The Indian Film Festival of Melbourne,…

146% surge from 52-week low: Raymond shares surge over 6% to hit fresh 52-week high, check details

07

Sep

By The Press Editor

Business

146% surge from 52-week low: Raymond shares surge over 6% to hit fresh 52-week high, check details

Shares of Raymond Ltd continued their upward trend on Monday amid its powerful market re-rating and surged over 6 per cent to hit a fresh 52-week high of Rs 789.60. The surge comes amid a spurt in trading volume of more than 1.54 times, with nearly 2.89 million shares changing hands. The stock started the trading session at Rs 737.80, down Rs 3.7 from the previous close of Rs 741.50 on the BSE. The counter gained further to touch the intraday high of Rs 789, a gain of Rs 47.5 or 6.40 per cent. This is also the stock's new…

Textile stock jumps nearly 9% even as benchmark indices decline amid West Asia conflict, details here

07

Sep

By The Press Editor

Business

Textile stock jumps nearly 9% even as benchmark indices decline amid West Asia conflict, details here

Shares of textile company Nandan Denim gained nearly 9 per cent on Monday, i.e. September 7, 2026, even as benchmark indices Sensex and Nifty drifted lower as elevated crude oil prices, escalation in US-Iran hostilities and concerns over a possible US interest rate hike weighed on investors' sentiment. At the time of writing the report, the 30-share BSE Sensex was down by 412.32 points or 0.54 to 76,103.11. The 50-share NSE Nifty declined 122.50 points to 23,775.20. Despite the fall, the stock traded in the green at Rs 3, up Rs 0.17 or 6.01 per cent, and the company's market…

NSE’s Rs 30,000-crore IPO to be bigger than Hyundai and LIC, price band likely at Rs 1,800, check GMP

07

Sep

By The Press Editor

Business

NSE’s Rs 30,000-crore IPO to be bigger than Hyundai and LIC, price band likely at Rs 1,800, check GMP

The primary market is expected to witness a lot of activity as several initial public offerings (IPOs) are set to hit the market this month. However, investors are really excited about the IPO of the National Stock Exchange (NSE). This is because the exchange has received regulatory approval for the long-awaited initial public offering after a wait of around 10 years. The market regulator, SEBI (Securities and Exchange Board of India), approved the National Stock Exchange's IPO papers on September 4, 2026. It has granted the Observation Letter (Observation Letter), or official approval. The exchange first filed for an IPO…

Stock market new rules from today: NSE to change pre-open market session, here’s all you need to know

07

Sep

By The Press Editor

Business

Stock market new rules from today: NSE to change pre-open market session, here’s all you need to know

Investors have an important update regarding the National Stock Exchange (NSE) pre-open market session. The NSE will implement revised rules for its pre-open session from September 7, 2026. While the session timings will remain the same, the entire process from 9 am to 9:15 am will be overhauled. Under the new system, the order-entry period will be divided into phases, with market orders prohibited during the second phase. These changes are intended to align the pre-open session with the closing auction session (CAS) introduced by market regulator SEBI (Securities and Exchange Board of India) in the equity cash market. The…

Gold opens gap down on MCX, silver falls to Rs 2.36 lakh per kg amid strong US jobs data | Check city-wise rates

07

Sep

By The Press Editor

Business

Gold opens gap down on MCX, silver falls to Rs 2.36 lakh per kg amid strong US jobs data | Check city-wise rates

Precious metals futures opened gap down on Monday, September 07, 2026, mirroring the global reaction to Friday's strong US jobs data, which boosted expectations of a Fed rate hike and reduced the appeal of the non-yielding metal. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 488 or 0.31 per cent at Rs 1,52,279 per 10 grams against the previous close of Rs 1,52,767. It fell further to touch the intraday low of Rs 1,51,850, dropping Rs 917 or 0.60 per cent. Last seen, it was trading at Rs 1,51,900 with a…

Nepal observes day of national mourning for lives lost in devastating floods

07

Sep

By The Press Editor

World

Nepal observes day of national mourning for lives lost in devastating floods

Kathmandu: Nepal on Monday (September 7) observed a national day of mourning on the 13th day since the flash flood disaster, honouring more than 1,340 people who lost their lives in one of the country's deadliest natural disasters in recent history. Nearly 5,000 people, including 589 foreign nationals, remain missing after flash floods struck Rasuwa, which borders China, and adjoining districts on August 26. The disaster was triggered by an ice-rock avalanche in the high Himalayas, causing widespread loss of life and extensive damage to infrastructure across northern and central Nepal. Tribute meetings were organised at various locations across Nepal…