Business

17

Mar

By The Press Editor

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Business

Benchmark indices rally for 2nd day, Sensex, Nifty gain nearly 1%

Mumbai: The stock market opened with a slight gain on Tuesday and eventually closed with a decent gain. Today marks the second consecutive day that the market has closed in the green with gains. On Tuesday, the BSE Sensex closed at 76,070.84, up 567.99 points (0.75 per cent). The NSE Nifty 50 index also closed at 23,581.15, up 172.35 points (0.74 per cent). It should be noted that on Monday, the market closed with a gain of over 1 per cent. Yesterday, the Sensex closed at 75,502.85, up 938.93 points (1.26 per cent), and the Nifty closed at 23,408.80, up…

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17

Mar

By The Press Editor

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Business

LPG consumption declines 17.3% in March on war-related shortages: Data

New Delhi: LPG consumption in the country declined by 17.7 per cent in the first fortnight of March due to supply disruptions caused by the war in the Middle East. This information was obtained from preliminary industry data. According to the data, LPG consumption in the country declined to 11.47 lakh tonnes by March 15, which is 17.3 per cent lower than 13.87 lakh tonnes in the first 15 days of March last year. This is 26.3 per cent less than the demand of 15.57 lakh tonnes in the first 15 days of February this year. India imports about 60…

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17

Mar

By The Press Editor

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Business

LPG e-KYC update: Biometric Aadhaar authentication required for unauthenticated customers, clarifies govt

New Delhi: The Ministry of Petroleum and Natural Gas has issued a clarification regarding biometric Aadhaar authentication for LPG (liquefied petroleum gas) consumers. In a post on X, the ministry said that eKYC is required only for unauthenticated users, not all customers. The clarification has been issued amid some reports suggesting that LPG users must complete the process to receive the cylinders uninterrupted.  “THIS IS NOT A FRESH DIRECTION. The recent post by the ministry is a part of the ongoing efforts of the Government to encourage more LPG consumers to complete biometric Aadhaar authentication," the ministry said. According to…

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17

Mar

By The Press Editor

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Business

PSU Dividend Stock: Mishra Dhatu Nigam to share ex-date for 8.50% dividend – Last chance to buy

Mumbai: Shares of public sector undertaking (PSU) Mishra Dhatu Nigam will soon trade ex-date for the dividend. This is a good opportunity for investors who want to earn some additional profit from their investment amid extreme volatility in the stock market. Benchmark indices have been highly volatile as persistent geopolitical tensions in the Middle East have kept investors on edge. In order to be eligible for a corporate action, investors must buy the stock before the ex-date, which is generally 1-2 days before the record date. While the ex-date is when the stock traded without dividend rights, the record date…

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17

Mar

By The Press Editor

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Business

SBI Life-backed NBFC strengthens credit profile with dual ratings for it proposed Rs 1,500 crore NCDs

Mumbai: SBI Life-backed smallcap NBFC stock Paisalo Digital Ltd, in its latest exchange filing, has announced that it has further strengthened its credit profile. The company received a long-term rating of BWR AA/Stable from Brickwork Ratings India Private Limited for its proposed Rs 1,500 crore non-convertible debentures (NCDs). The company already holds a rating from Infomerics Analytics and Research. With this development, the company will now benefit from ratings from two agencies. Strong fundamentals back a rating upgrade Brickwork Ratings stated that the company’s strong position is supported by its established business model, robust capitalisation, experienced management, and superior asset…

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17

Mar

By The Press Editor

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Business

Gold rebounds on MCX, silver up by Rs 6,367 as oil prices ease | Check city-wise rates

Mumbai: Rates of precious metals in futures edged higher on Tuesday, amid buying at lower levels and the stock market's positive response. The gold April 2 contract on the Multi Commodity Exchange (MCX) added Rs 1,155 to open at Rs 1,56,891 per 10 grams against the previous close of Rs 1,55,736. It later jumped to touch the high of Rs 1,57,580, a gain of Rs 1,844 or 1.18 per cent. Last seen, it was trading at Rs 1,57,181 with a gain of Rs 1,445 or 0.43 per cent. On the MCX, the yellow metal futures for June 2026 were up…

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17

Mar

By The Press Editor

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Business

GSP Crop Science IPO GMP today: Check subscription status, grey market premium and other details

Mumbai: The initial public offering of agrochemical company GSP Crop Science Ltd is open for subscription, and today is the second day of the three-day subscription window. The public subscription began on March 16 and will conclude on March 18, 2026. The issue was subscribed to 47 per cent on the first day of the bidding. At the time of writing the report, the issue was subscribed to by nearly 60 per cent. According to the data available on the National Stock Exchange (NSE), the IPO has received bids for 53,93,362 shares against 89,47,367 shares on offer. The category for…

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17

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty open in green amid positive global cues as oil prices ease

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the green on Tuesday, March 17, 2026, amid positive global cues and easing crude oil prices. While the 30-share BSE Sensex gained 323.83 points to start the session at 75,826.68, the Nifty added 84.4 points to open at 23,493.20. In the last trading session, the Sensex closed at 75,502.85 and the Nifty 50 at 23,408.80. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 43.68 points, or 0.28 per cent, in the early trading session, the BSE Smallcap Select…

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16

Mar

By The Press Editor

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Business

Stock under Rs 50 in focus as CRISIL assigns new rating with stable outlook, check share price

Mumbai: Shares of frozen meat exporter HMA Agro Industries are in focus today after the company said in its latest exchange filing that CRISIL Ratings Limited has issued a new credit rating for its bank facilities. According to the information shared, CRISIL has assigned the company's bank loan facilities totalling Rs 1,250 crore a long-term rating of BBB+ (Stable Outlook) and a short-term rating of A2. This indicates that the company's debt servicing capacity is considered satisfactory and that its financial position is expected to remain stable in the near term. Share price today The stock started the trading session…

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16

Mar

By The Press Editor

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Business

What are the implications when property is passed to heirs – All you need to know

New Delhi: Property succession in India is often viewed through a simple lens: once the owner passes away, the asset moves to the legal heirs. Since India currently does not levy an inheritance or estate tax, many families assume that the process is largely frictionless. In practice, however, the transfer of property to heirs can carry several financial and administrative implications that are not always anticipated. Mutation of records  According to Ashish Nasa, Managing Director & CEO, Universal Trustees, the first point that requires attention is the process of title transmission. "Unlike movable financial assets, where nomination or account transfer…

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