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Crude surge would have pushed petrol price to Rs 125 per litre without ethanol blending: Government
31
Jul
By The Press Editor
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Business

Crude surge would have pushed petrol price to Rs 125 per litre without ethanol blending: Government

New Delhi: Amid concerns over lower mileage and potential wear on older engines due to petrol blended with 20 per cent ethanol (E20), the government on Friday said petrol would have cost much more during the West Asia crisis if ethanol hadn't been blended. According to the government, ethanol blending has not only reduced the country's dependence on oil imports, but has also played a major role in providing relief to the common man from high petrol prices.ย  The government said that during the Middle East crisis, when crude oil prices reached around USD 135 per barrel, petrol prices in…
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Defence stock gains 4% as firm hands over indigenously developed SDD to Indian Navy, check share price
31
Jul
By The Press Editor
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Business

Defence stock gains 4% as firm hands over indigenously developed SDD to Indian Navy, check share price

Mumbai: Shares of Apollo Micro Systems Ltd (AMSL), which offers technology-based solutions in sectors such as infrastructure, transportation, aerospace, and defence, are trading in the green after the company handed over its indigenously designed and developed Safety & Detonation Device (SDD) to the Indian Navy. The stock opened the trading session in the green at Rs 377.95, up Rs 0.85 from the previous close of Rs 377.10 on the BSE. Amid buying interest, the stock gained further, touching an intraday high of Rs 392.80, representing a 3.95 per cent gain. While the counter has outperformed the sector by 4.07 per…
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RBI changes fixed deposits rules, to be applicable from October 1: What FD investors must know
31
Jul
By The Press Editor
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Business

RBI changes fixed deposits rules, to be applicable from October 1: What FD investors must know

Mumbai: If you are among those who invest in fixed deposits (FDs), the changes announced by the Reserve Bank of India (RBI) could be of significant importance for you. The revised instruction has been issued through the Reserve Bank of India (Commercial Banks โ€“ Interest Rate on Deposits) Second Amendment Directions, 2026. According to the information available, the new changes will come into force from October 1, 2026.ย  What do the new rules say? The RBI said banks will have to offer uniform deposit interest rates across all branches for the same amounts deposited by customers on any given particular…
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Gold, silver continue to drop on MCX amid profit booking, stronger dollar | Check city-wise rates
31
Jul
By The Press Editor
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Business

Gold, silver continue to drop on MCX amid profit booking, stronger dollar | Check city-wise rates

Mumbai: Rates of precious metals in futures fell on Friday, July 31, 2026, amid profit booking and an uptick in the US dollar and escalating US-Iran tensions. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 303 or 0.21 per cent at Rs 1,42,929 per 10 grams against the previous close of Rs 1,43,232. It later fell to touch an intraday low of Rs 1,42,253, a drop of Rs 979 or 0.68 per cent. Last seen, it was trading at Rs 1,42,504 with a drop of Rs 728 or 0.51per cent. On…
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31 July, 2026 Stock Market Updates: Sensex near 78,000, Nifty above 24,350 amid positive global cues
31
Jul
By The Press Editor
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Business

31 July, 2026 Stock Market Updates: Sensex near 78,000, Nifty above 24,350 amid positive global cues

Mumbai: Sensex, Nifty Today: Indian equity benchmark indices, the Sensex and Nifty, started today's trading session in the green as positive global cues and easing crude oil prices supported investor sentiment. While the 30-share BSE Sensex gained 70.51 points or 0.09 per cent to start the session at 77,998.66, the Nifty added 44.3 points to open at 24,361.45. In the last trading session, the Sensex closed at 77,928.15 and the Nifty 50 at 24,317.15. Similarly, the broader indices traded in the green in the early trading session. While the BSE Midcap Select Index was up by 21.33 points, the BSE…
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Jewellery stock in focus as firm repays 96% of bank debt, allots over 3 crore equity shares to promoter
31
Jul
By The Press Editor
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Business

Jewellery stock in focus as firm repays 96% of bank debt, allots over 3 crore equity shares to promoter

Mumbai: Shares of PC Jeweller Ltd will be in focus on Friday, July 31, 2026, as the company has informed exchanges that it has repaid more than 96 per cent of its total outstanding bank debt. The company stated that the remaining less than 4 per cent of outstanding debt will be discharged within the current quarter to achieve a completely debt-free status. "In line with its objective of achieving a debt-free status in the current quarter itself, the Company has successfully processed repayment of another significant amount of its remaining outstanding debt," the company said in an exchange filing.ย …
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Don’t wait until last minute as late ITR filing risks delayed refunds and extra charges: Details here
30
Jul
By The Press Editor
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Business

Don’t wait until last minute as late ITR filing risks delayed refunds and extra charges: Details here

New Delhi: Only a few hours remain before the ITR filing deadline for salaried taxpayers. According to the Income Tax Department, more than five crore returns have already been filed for Assessment Year 2026โ€“27. As the annual deadline for Income Tax Return (ITR) submission approaches, tax authorities and financial planners are urging taxpayers not to wait until the final hours. While missing the due date might feel like a temporary inconvenience, delaying your tax filing carries direct financial penalties, interest charges, and long-term consequences for your personal portfolio. However, many taxpayers tend to view the ITR filing deadline as something…
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Your online rent payment habits could be affecting your credit score, here’s how
30
Jul
By The Press Editor
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Business

Your online rent payment habits could be affecting your credit score, here’s how

New Delhi: India's rapid shift towards digital payments has made paying rent online easier than ever. According to the Reserve Bank of India (RBI), UPI processed over 18 billion transactions in June 2026, highlighting how digital payments have become an integral part of everyday financial life. However, while digital rent payments offer convenience, many consumers remain unaware of how these transactions can affect their overall financial health. In some cases, their credit profile. According to Sarika Shetty, Co-founder & CEO, RentenPe, rent is one of the largest recurring expenses for urban households, often accounting for 25-30 per cent of monthly…
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Sensex gains 273 points, Nifty ends volatile session above 24,300, auto stocks rally
30
Jul
By The Press Editor
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Business

Sensex gains 273 points, Nifty ends volatile session above 24,300, auto stocks rally

Mumbai: Benchmark indices Sensex and Nifty ended the volatile trading session in the green amid buying towards the end, even as mid and smallcap segments underperformed the main indices after the US Fed kept interest rates unchanged but hinted at a hike as early as September. The 30-share BSE Sensex closed 273.55 points or 0.35 per cent higher at 77,928.15. During the day, the benchmark hit a high of 78,007.09 and a low of 77,440.91, gyrating 566.18 points. The 50-share NSE Nifty was up by 66.95 points or 0.28 per cent and ended the session at 24,317.15. The broader market…
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