Blog

Dispur: The Assam government on Friday presented a Rs 2,85,084 crore budget for the 2026-27 financial year and proposed reducing Value-Added Tax (VAT) on piped natural gas to 5 per cent from 14.5 per cent to promote cleaner fuel. Presenting his maiden Budget, Assam Finance Minister Jayanta Malla Baruah also announced that he would continue all the major schemes rolled out during the last five years. "The Budget estimates of financial year 2026-27 show a receipt of Rs 1,51,843.23 crore under the consolidated fund of the state... After adding the receipt of Rs 1,34,466.22 crore under public account and Rs 2,000…

Mumbai: Shares of Hyderabad-based defence technology company Apollo Micro Systems Limited are in action during today's trading session as the company has entered into a definitive share purchase agreement to acquire a 41.33 per cent promoter stake in Premier Explosives Limited. According to the information shared, the all-cash transaction is valued at approximately Rs 1,550 crores, subject to customary closing adjustments. The deal is expected to close by December 2026 (third quarter), subject to regulatory approvals and shareholder approval, among other conditions.  Premier Explosives to retain its existing brand After the deal closes, Premier Explosives will operate under Apollo Micro…

Mumbai: Shares of newly listed Aastha Spintex Ltd, a Gujarat-based integrated cotton yarn manufacturer, hit a 5 per cent upper circuit on Friday, July 10, 2026, as the company has announced the acquisition of Falcon Yarns to significantly expand its manufacturing capacity and strengthen its growth plans. The counter opened gap at Rs 122.85, gain of 4.96 per cent against the previous close of Rs 117.05 on the BSE. It gained further to hit the high of Rs 122.90 and get locked in a 5 per cent upper circuit. The market cap of the company stood at Rs 542.51 crore. …

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the green on July 10, 2026, amid positive global cues, as the United States and Iran continue technical-level talks despite recent military strikes, easing concerns over a broader escalation in the Middle East. While the 30-share BSE Sensex added 653.81 points or 0.85 per cent to start the session at 77,395.63, the Nifty gained 161.9 points to open at 24,124.70. In the last trading session, the Sensex closed at 76,741.82 and the Nifty 50 at 23,962.80.  From the Sensex pack, TCS, Infosys, Tech Mahindra, HCL Tech, and Indigo were…

Mumbai: Shares of Tata Consultancy Services Ltd, the country's largest IT services company, will be in focus as the company reported a 4.61 per cent increase in its June-quarter net profit and announced an interim dividend for its investors. The company has also announced the record date to determine the eligibility of shareholders for this corporate action. The IT firm has also announced the payment date. The announcement was made after market hours on Thursday, i.e. on July 10, 2026. The company's stock ended the last trading session in the red, even as the Indian equity benchmark Nifty index closed…