Business

13

May

By The Press Editor

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Business

Metro, expressways and airports are key drivers of real estate valuation in Delhi-NCR

New Delhi: In NCR today, real estate value is no longer just about where a property sits on the map - it’s about how seamlessly it connects you to everything that matters. Buyers aren’t measuring distance anymore; they’re measuring time, predictability, and ease of movement. A location that once felt “far” can begin to feel far more central when the commute becomes predictable and effortless. That shift in perception is important because it’s exactly what’s redefining demand across NCR. Infrastructure is no longer playing catch-up to urban growth - it’s setting the direction for it.  Transit-oriented development  This isn’t a…

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13

May

By The Press Editor

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Business

Cabinet approves Rs 37,500 crore incentive scheme to promote coal gasification, raises paddy MSP by Rs 72

New Delhi: In a push to cleaner energy, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved a Rs 37,500 crore coal gasification scheme. The move will also strengthen India’s energy security and reduce dependence on forex-guzzling imports amid the volatile geopolitical situation due to the ongoing conflict between the United States and Iran. Sharing the details, Union Information & Broadcasting Minister Ashwini Vaishnaw said that the country has 401 million tonnes of known coal reserves, which is enough for the next 200 years. "An outlay of Rs 37,500 crore has been kept for this…

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13

May

By The Press Editor

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Business

Yellow metal surges after government increases import duty, check city-wise gold rates per 10 grams

New Delhi: Gold prices surged significantly after the government increased the import duty on gold from 6 per cent to 15 per cent on Wednesday, May 13, 2026. According to the government, the move will curb non-essential imports amid the West Asia crisis, which has put pressure on forex reserves. The new import duty is effective from today. Not just gold and silver, the duty on platinum has been raised from 6.4 per cent to 15.4 per cent. Consequential changes have also been made to other items such as gold/silver dore, coins, findings, etc. The import duty on gold and…

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13

May

By The Press Editor

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Business

Sarvodaya Co-operative Bank’s licence cancelled by Reserve Bank of India, here’s why

Mumbai: The Reserve Bank of India has cancelled the licence of one more Co-operative Bank. According to a statement, the central bank has this time cancelled the licence of Sarvodaya Co-operative Bank due to a lack of adequate capital and earning prospects. As a result, the bank will cease to carry on banking business with effect from the close of business on May 12, 2026. The RBI has asked the Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra, to issue an order for the winding up of the bank and to appoint a liquidator. What does it mean? This…

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13

May

By The Press Editor

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Business

Noida Airport Fees: UDF capped at Rs 490 for domestic flyers, here’s how much you will have to pay for parking

Noida: Airports tariff regulator Airports Economic Regulatory Authority (AERA) has fixed the user development fee (UDF) for passengers flying from the Noida International Airport. According to the information available, the UDF has been fixed at Rs 490 for departing domestic passengers and Rs 980 for departing international passengers. For arriving domestic passengers, the authority fixed the fee at Rs 210, while for arriving international passengers, this has been capped at Rs 420, the AERA said in a release. The User Development Fee (UDF) is fixed for the 2026-27 period. After several delays, the Noida International Airport (NIA) was inaugurated on…

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13

May

By The Press Editor

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Business

Idea share price: Vodafone Idea stock surges 7% after board meet for fundraising announced, check details

Mumbai: Shares of Vodafone Idea surged nearly 7 per cent on Wednesday, May 13, 2026, after the company informed exchanges that its board would meet later this week to consider a fundraising proposal. The counter opened at Rs 12.14, a gain of Rs 0.245 against the previous close of Rs 11.89 on the BSE. It further advanced to touch a high of Rs 12.69, representing a gain of Rs 0.8 or 6.7 per cent. This is also just 2.81 per cent away from its 52-week high of Rs 12.8. The 52-week low of the counter is Rs 6.12. Last seen,…

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13

May

By The Press Editor

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Business

Gold surges Rs 11k per 10 grams on MCX, silver jumps 8% as govt raises import duty | Check city-wise rates

Mumbai: Rates of precious metals in futures surged on Wednesday, May 13, 2026, after the government hiked import duties on gold and silver to 15 per cent from 6 per cent amid a rising import bill due to the West Asia crisis. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,409 or 0.91 per cent at Rs 1,54,851 per 10 grams against the previous close of Rs 1,53,442. It continued the upward trend, touching an intraday high of Rs 1,64,497, a jump of Rs 11,055 or 7.20 per cent. Last seen, it…

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13

May

By The Press Editor

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Business

Market Opening Bell: Sensex drops 119 points, Nifty flat amid renewed geopolitical tensions

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in red on Wednesday, May 13, 2026, amid mixed global cues as renewed geopolitical tensions and unfavourable global macroeconomic cues continue to weigh on overall risk sentiment. While the 30-share BSE Sensex dipped 119.9 points or 0.16 per cent to start the session at 74,559.24, the Nifty shed 17.1 points to open at 23,362.45. In the last trading session, the Sensex closed at 74,559.24 and the Nifty 50 at 23,379.55. However, BSE and NSE bounced back and hit the intraday high of 74,981.34 and 23,503.80, respectively. Similarly, the broader indices…

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13

May

By The Press Editor

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Business

Gold, silver imports to get costlier as govt hikes customs duty

New Delhi: The Centre has increased the import duty levied on gold, silver, and other precious metals to 10 per cent. According to the notifications issued on Tuesday by the Finance Ministry, the revised rates will come into effect from today (May 13), with the higher levy applicable to gold, silver, platinum, jewellery findings, and precious metal-related industrial imports. This comes two days after Prime Minister Narendra Modi urged people to avoid purchasing gold for one year in an effort, as the country's foreign exchange reserves have come under strain due to the West Asia conflict. The story is being updated.

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11

May

By The Press Editor

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Business

‘No shortage of petrol, diesel,’ assures govt after PM Modi’s appeal but calls for ‘efforts to save energy’

New Delhi: Day after Prime Minister Narendra Modi urged people to save fuel, the government on Monday clarified that there is no shortage of petrol or diesel in India, adding that there is no need to panic. However, it maintained that citizens need to conserve fuel because of the heightened global turmoil and the situation in the Middle East where a conflict is underway between the United States (US) and Iran. Speaking at an inter-ministerial briefing over the situation in West Asia, Sujata Sharma, who is Joint Secretary (Marketing and Oil Refinery) at Ministry of Petroleum and Natural Gas, accepted…

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