Business

04

Feb

By The Press Editor

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Business

Infra stock below Rs 100 trades in green as company plans to debut on NSE, check full details

The stock's 14-day relative strength index (RSI) is 46.94. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of renewable energy player RDB Infrastructure and Power are on investors' radar today as the company has officially announced its intention to pursue a direct listing of its equity shares on the National Stock Exchange of India Limited (NSE). The stock started the trading session in green at Rs 65.38 against the previous close of Rs 64.18 on the BSE. The stock later gained to touch the high…

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04

Feb

By The Press Editor

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Business

Brandman Retail IPO now open for subscription: Check latest GMP, price band, lot size and other details

Brandman Retail IPO: According to Investorgain, Brandman Retail 's unlisted shares are trading at a grey market premium (GMP) of Rs 15. Mumbai: The initial public offer of Brandman Retail, a retail and distribution platform for premium international brands, is now open for subscription. The three-day subscription window for the Rs 86.08-crore IPO, which opened today, will conclude on February 6. According to the information available, the company's shares will be listed on the NSE's Emerge platform. Ahead of the IPO, the company collected Rs 24.5 crore from anchor investors. City-based company has allocated 13.92 lakh equity shares to six…

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04

Feb

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Business

Real estate industry backs budget’s focus on infrastructure and connectivity

Developers also flagged the proposed Infrastructure Risk Guarantee Fund as a key Budget measure that could ease financing challenges for large urban and regional infrastructure-linked projects. New Delhi: The realty sector has broadly welcomed the Union Budget 2026 for its strong emphasis on infrastructure and connectivity, viewing it as a supportive framework for the sector’s long-term growth. With public capital expenditure pegged at Rs. 12.2 lakh crore, the introduction of an Infrastructure Risk Guarantee Fund and announcements around high-speed rail corridors and urban connectivity, industry players say the Budget reinforces the government’s focus on strengthening the backbone that underpins real…

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04

Feb

By The Press Editor

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Business

FD Rates: Banks offering up to 7.75% interest on 3-year deposits for senior citizens

It is important to note that banks offer additional basis points to senior citizens, resulting in higher interest rates for these depositors. New Delhi: Any investor seeking to invest their money in a fixed deposit needs to compare the interest rates offered by different banks. This becomes crucial as even a slight difference, for example, 50 basis points, in the interest rates offered by banks can make a huge difference during the time of fund maturity.  For example, if someone invests Rs 5 lakhs over 3 years with a bank offering a higher interest rate of only 50…

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04

Feb

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Business

Sustained double-digit growth for India possible, says Mukesh Ambani

Speaking at a JioBlackRock event, Ambani also said that in the next decade, India will not be importing 80 per cent of its energy. Mumbai: Reliance Industries Chairman Mukesh Ambani on Wednesday said sustained double-digit growth for India is possible, and that stable economic leadership defines a country. Speaking at a JioBlackRock event, Ambani also said that in the next decade, India will not be importing 80 per cent of its energy. Every Indian village has a 5G network that is better and cheaper than any other country, he noted. Sustained law and order for 15-20 years and social harmony…

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04

Feb

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Business

Education sector stock hits upper circuit as markets rebound from day’s low, check details

The stock has yielded a return of 1150.77 per cent in five years and 156.67 per cent in three years. However, it has corrected 15.62 per cent on a year-to-date (YTD) basis as against the drop of 1.48 per cent in the benchmark index. Mumbai: Shares of Ahmedabad-based education services provider Shanti Educational Initiatives Ltd (SEIL) hit a 10 per cent upper circuit as markets recovered from the day's low on Wednesday. The BSE Sensex climbed around 750 points from the day’s low to trade at 83,867.54, up 128.41 points or 0.15 per cent. The NSE Nifty50 hovered near…

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04

Feb

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Business

India-US trade deal: Big step towards achieving the target of 2047, says Piyush Goyal in Parliament

The trade deal with the United States comes just a week after India signed a landmark agreement with the European Union. New Delhi: Commerce and Industry Minister Piyush Goyal on Wednesday said that India has been able to safeguard its interests in sensitive sectors of agriculture and dairy in trade deals with the United States and that it will help promote Viksit Bharat and Atmanirbhar Bharat initiatives. Emphasising that the deal will help India achieve the target of 2047, Goyal said that the agreement will provide new opportunities to small and medium businessmen, MSMEs, industrialists, skilled workers and industries.  "I…

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04

Feb

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Business

Logistics stock gains over 6% even as markets remain volatile today, check details

The stock's 14-day relative strength index (RSI) is 43.54. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of Tiger Logistics are in focus today, i.e. on Wednesday, February 4, 2026, even as the stock market remained volatile amid weak global cues. The stock opened gap up with a gain of 2.14 per cent at Rs 32 against the previous close of Rs 31.33 on the BSE. It gained further to touch a high of Rs 33.05, representing a gain of 5.49 per cent from the…

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04

Feb

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Business

Silver surges Rs 16,079, gold gains Rs 6,946 on MCX, Check city-wise rates

In the international market, the COMEX gold price was up by 2.99 per cent to approximately USD 5,078.2 per troy ounce. The spot gold price at 11:30 am was USD 5,060.21 per ounce, up by USD 157.02 or 3.20 per cent. Mumbai: Rates of precious metals in futures trade continued to surge for the second consecutive day on Wednesday, February 4, 2026, amid a rally in the international bullion prices. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 4,611 at Rs 1,58,420 per 10 grams against the previous close of Rs…

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04

Feb

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Business

Infosys, TCS and other IT stocks bleed after Anthropic’s new AI tool – Check share price

Infosys, TCS and other IT stocks bleed after Anthropic's new AI tool - Check share price Mumbai: Shares of Indian IT companies are under pressure following a significant selloff in tech stocks in global markets. Stocks of companies such as Infosys, Tech Mahindra, Wipro, HCL Tech, and Coforge fell amid heightened concerns following the launch of new tools by AI developer Anthropic. Anthropic has launched plug-ins for its Claude Cowork agent ,which is aimed at automating tasks across legal, sales, marketing and data analysis functions. Earlier, American depository receipts (ADRs) of companies such as Infosys plunged 5.56 per cent overnight…

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