The Press Editor

Mumbai: Shares of State Bank of India (SBI) gained on Friday after the company posted a 13.73 per cent rise in its June quarter consolidated net profit at Rs 24,113 crore. The stock opened in the red at Rs 1,081.95 today amid a decline in the benchmark indices, Sensex and Nifty, dragged down by financial stocks and rising crude oil prices. This was a Rs 2.9 fall from the previous close of Rs 1,084.85 on the BSE. However, it gained amid a spurt in volume, more than 2.68 times, and touched an intraday high of Rs 1,124.40, representing a gain…

Mumbai: The initial public offering (IPO) of Ardee Industries Ltd is getting a good response from investors and has so far received 55.14 times subscription on the third day of bidding on Friday. According to data available on the National Stock Exchange (NSE) at the time of writing the report, the issue got bids for 3,22,13,35,106 shares against 5,84,22,516 shares on offer. The category for non-institutional investors received 161.42 times subscription, while the portion for retail investors was subscribed 32.66 times. The portion for qualified institutional buyers (QIBs) was subscribed 13.89 times. Ardee Industries IPO GMP Today  According to Investorgain, Ardee…

Mumbai: Rates of precious metals in futures traded higher on Friday, August 7, 2026, supported by a softer dollar and safe-haven demand amid renewed Strait of Hormuz tensions. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 536 or 0.36 per cent at Rs 1,49,355 per 10 grams against the previous close of Rs 1,48,858. It gained further to touch the intraday high of Rs 1,50,487, a gain of Rs 1,629 or 0.09 per cent. Last seen, it was trading at Rs 1,50,217 with a gain of Rs 1,359 or 0.91 per…

New Delhi: Lok Sabha has passed a bill to amend the Payment and Settlement Systems Act, 2007. With this, the government will have the authority to permit banks and other service providers to levy charges on payments through the unified payments interface (UPI) and other notified electronic payment modes. The amendment seeks to remove the existing legal provision that prevents banks and payment service providers from charging Merchant Discount Rate (MDR) on notified electronic payment modes. It is important to note that the passage of the bill does not automatically introduce charges on UPI transactions.  Will it have an impact…