Business

14

Aug

By The Press Editor

Business

NBFC stock hits upper circuit as company secures BSE’s in-principle approval for proposed rights issue

Mumbai: Shares of non-banking financial company (NBFC) NCL Research and Financial Services ended the trading session in the green even as Indian equity indices ended marginally lower in the volatile session on August 14. While Sensex closed 70.71 points or 0.09 per cent lower at 78,009.25, the Nifty fell 29.85 points or 0.12 per cent at 24,366. Amid this, the stock ended at Rs 0.72, with a gain of 4.35 per cent. Earlier, the counter opened flat at Rs 0.69 but gained amid a spurt in volume by more than 3.40 times. The market cap of the company stood at…

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14

Aug

By The Press Editor

Business

Gold’s sharp rally: Is it still a portfolio diversifier for Indian investors? All you need to know

New Delhi: Gold has not necessarily played its traditional defensive role consistently over the past year. Despite significant global uncertainty around tariffs, wars, geopolitical tensions and policy changes, gold did not perform as strongly during some of these periods as one would typically expect from a safe-haven asset. According to Anand K Rathi, co-founder of MIRA Money, one reason is that gold had already seen a significant run-up in the preceding year, meaning much of the positive impact from these uncertainties was already reflected in prices. Gold remains a strong defensive asset in the long term However, Rathi feels the…

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14

Aug

By The Press Editor

Business

7 new Amrit Bharat Express trains approved by Indian Railways, check full list and other details

New Delhi: There's some good news for train passengers: the Railway Board has approved seven new Amrit Bharat Express trains to strengthen connectivity across the country. These trains aim to offer long-distance travellers a better, more comfortable travel option at lower fares.  The Amrit Bharat Express has been launched for passengers seeking premium train features for long-distance travel at an affordable price. The proposed seven services will connect several major cities in northern, central, western, and southern India. Dhanbad-Coimbatore Amrit Bharat Express The Railway Board has approved the Dhanbad-Coimbatore Amrit Bharat Express (Train No. 22363/22364). This train will cover the…

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14

Aug

By The Press Editor

Business

This IT-enabled services company stock hits upper circuit for 3rd straight day even as market declines

Mumbai: Shares of GACM Technologies continue to gain and hit the upper circuit for the third consecutive day today, even as the market benchmark indices, Sensex and Nifty, declined, with the prolonged US-Iran impasse weighing heavily on investor sentiment. The action in the stock comes after the company announced financial results for the April-June quarter of FY27. The company has reported a 60.1 per cent year-on-year (YoY) jump in consolidated revenue. Quarterly results  GACM Technologies reported consolidated revenue of Rs 21.87 crore in FY2025-26, an increase of 60.1 per cent over the previous fiscal year. Consolidated profit after tax (PAT)…

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14

Aug

By The Press Editor

Business

Logistics stock gains as company secures air import contracts from Hindustan Petroleum Corporation

Mumbai: Shares of international logistics solutions provider Tiger Logistics are trading in the green even as benchmark indices trade lower, with elevated crude oil prices and continued foreign investor selling keeping sentiment subdued. Despite the weakness in the market, the stock is trading in the green. The counter opened in the red at Rs 25.31, down from the previous close of Rs 25.54, on the BSE. However, it later gained and touched the intraday high of Rs 25.95, representing a gain of Rs 0.41 or 1.60 per cent. Last seen, the stock held firmly in the green and was trading at…

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14

Aug

By The Press Editor

Business

Wholesale price inflation falls marginally to 9.78% in July on cooling prices of fuel, food

New Delhi: There's some relief for the general public on the inflation front, as the country's wholesale price index (WPI) inflation fell slightly to 9.78 per cent in July 2026, down from 9.87 per cent in June. According to preliminary data released by the Ministry of Commerce and Industry on Friday, the wholesale price index for all commodities stood at 110.0 in July, compared to 110.2 in June. However, inflation remains high. According to government data, wholesale inflation recorded a slight annual decline in July. It was 9.78 per cent in July compared to 9.87 per cent in June. This…

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14

Aug

By The Press Editor

Business

Shiprocket IPO GMP Vs Behari Lal IPO GMP, know which can offer better listing gains

Mumbai: Today is the last day to subscribe to the initial share sale of e-commerce enablement platform Shiprocket Ltd and integrated iron and steel manufacturing company Behari Lal Engineering. Both the issues has received decent response from investors. Shares of these companies are proposed to be listed on the BSE and the National Stock Exchange (NSE) on August 19, 2026. Shiprocket IPO Subscription Status The Rs 1,617.5-crore IPO has so far received 12.63 times subscription. According to data available on the NSE, the IPO received bids for 1,19,31,89,998 shares against 9,44,36,030 shares on offer. The category for retail investors was…

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14

Aug

By The Press Editor

Business

Smallcap stock under Rs 100 in focus as company announces Q1 results, other important details

Mumbai: Shares of smallcap company Lords Mark Industries will remain in focus as the company has announced quarterly results shortly before market closing on  Thursday. According to the information shared with exchanges, the company's net profit increased to Rs 33.18 crore in the April-June quarter of financial year 2026-27, compared to a net loss of Rs 0.03 crore in the same quarter a year ago. Sales for the June 2026 quarter stood at Rs 307.68 crore, compared to no sales in June 2025. PBDT (profit before depreciation and tax) during this period stood at Rs 47.91 crore and PBT (profit…

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14

Aug

By The Press Editor

Business

Leap India IPO Listing: Shares make modest debut on bourses, list at 4% premium over issue price

Mumbai: Shares of supply chain asset pooling firm LEAP India Ltd made a modest debut on the bourses today, listing at over a 4 per cent premium to the issue price of Rs 159 on the BSE. The stock opened trading at Rs 166 on the BSE, up 4.40 per cent from the issue price. On the National Stock Exchange (NSE), it debuted at Rs 165.90, registering a 4.34 per cent gain. Post-listing, the stock gained and touched the high of Rs 166.80 before witnessing profit booking and dropping to Rs 152.25, a fall of Rs 6.75 or 4.24 per…

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14

Aug

By The Press Editor

Business

14 August, 2026 Stock Market Updates: Sensex drops 176 points, Nifty near 24,350 even as global cues improve

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session in the red even as investors remain selective despite an improvement in global risk appetite. While the 30-share BSE Sensex shed 176.53 points or 0.02 per cent to start the session at 77,903.43, the Nifty opened with a drop of 33.95 points to 24,361.90. In the last trading session, the Sensex closed at 78,079.96 and the Nifty 50 at 24,395.85. However, the broader indices traded mixed in the early trading session. While the BSE Midcap Select Index was up by 51.16 points, the BSE Smallcap Select Index…

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