Business

09

Mar

By The Press Editor

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Business

Gold price falls by Rs 1,800 per 10 grams on MCX, silver drops over 2% | Check city-wise rates

Mumbai: Rates of precious metals in futures trade lower on Monday, March 9, 2026, amid a stronger US dollar, as the metal has entered a corrective phase. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 983 or 0.60 per cent at Rs 1,60,651 per 10 grams against the previous close of Rs 1,61,634. It later fell to touch the low of Rs 1,59,826, a dip of Rs 1,808 or 1.11 per cent. Last seen, it was trading at Rs 1,60,378 with a fall of Rs 1,256 or 0.78 per cent. On…

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09

Mar

By The Press Editor

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Business

IOC Dividend 2026: Last few days to buys this PSU stock to be eligible for corporate action, check record date

Mumbai: Shares of state-owned Indian Oil Corporation (IOC) will be on investors' radar who want to earn additional profit from their investment amid extreme volatility in the stock market, amid persistent geopolitical tensions in the Middle East that keep crude oil prices elevated, and a fragile global risk sentiment. Indian equity witnessed sustained selling pressure in the week ended March 6, 2026. The Nifty 50 closed the final session at 24,450 (down 2.9 per cent for the week), the Sensex settled at 78,919 (also down 2.9 per cent week-on-week). Similarly, the Bank Nifty ended near 57,783 (down 4.5 per cent),…

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09

Mar

By The Press Editor

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Business

Market Opening Bell: Dalal Street bleeds as crude oil prices surpass USD 100 a barrel

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, fell on Monday, March 9, 2026, amid weak global cues as crude oil prices surpassed USD 100 a barrel, as the expanding US-Israeli war with Iran has forced some major Middle Eastern oil producers to cut supplies. While the 30-share BSE Sensex dipped 1,862.15 points to start the session at 77,056.75, the Nifty shed 582.4 points to open at 23,868.05. In the last trading session, the Sensex closed at 78,918.90 and the Nifty 50 at 24,450.45. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap…

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07

Mar

By The Press Editor

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Business

LPG price hike: Domestic cylinders costlier by Rs 60, commercial rates up by Rs 115 across country

New Delhi: Household budgets are set to feel the heat as the price of domestic LPG cylinders has been increased across the country with effect from Saturday (March 7). The price of a standard 14.2 kg cooking gas cylinder has gone up by Rs 60 nationwide. The hike also extends to commercial LPG cylinders, which have become costlier by Rs 115, news agency ANI reported citing sources. The revised rates are applicable immediately and will affect both household consumers and businesses that rely on LPG for daily operations. Revised domestic LPG prices in major cities With the latest revision, the…

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06

Mar

By The Press Editor

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Business

New 6-lane Lucknow Link Expressway to connect Purvanchal to Delhi, check full details

Noida: Travel between the eastern and western parts of the state is set to become faster and more convenient with the construction of the Lucknow Link Expressway, which will connect the Purvanchal Expressway to the Agra-Lucknow Expressway. Once completed, this new corridor will create a high-speed route from Purvanchal to Delhi, providing relief from long traffic jams. The proposed Lucknow Link Expressway will be approximately 50.94 kilometres long. As a greenfield expressway project, it will be built entirely on new land using modern construction technology.  The Uttar Pradesh Expressway Industrial Development Authority (UPEIDA) has issued tenders for the project, which…

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06

Mar

By The Press Editor

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Business

India not dependent on supplies stuck in Strait of Hormuz, say government sources

New Delhi: Amid reports that prolonged disruptions to shipping through the Strait of Hormuz, regarded as one of the most vital and heavily used maritime routes globally, could impact India's energy sector, government sources on Friday said that the country has energy supplies from different parts of the world and is not dependent on supplies passing through the Strait of Hormuz. India imports about 88 per cent of the crude oil it needs - the raw material for fuels such as petrol and diesel - with more than 50 per cent supplied by Middle Eastern countries and transiting the narrow Strait…

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06

Mar

By The Press Editor

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Business

Explained: India’s Plan-B to meet crude oil and gas needs as Middle East tensions rise

New Delhi: Escalating tensions in the Middle East have raised concerns about global energy and supply chains. India, which relies heavily on imports for oil, gas, and fertiliser, also faces the risk of potential supply disruptions. This raises the question of how India will meet its energy and fertiliser needs if the situation worsens. In light of this risk, the government has accelerated several measures, including alternative supplies, strategic reserves, and new trade agreements, to ensure that the country's needs are not affected. India in talks with alternative energy suppliers Qatar remains an important partner for India, supplying 60 million…

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06

Mar

By The Press Editor

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Business

Crypto’s ‘secret route’: How Bitcoin mining helps Iran make payments abroad despite sanctions

New Delhi: Despite tough economic sanctions and a weakening currency, Iran continues to purchase machinery, fuel, and military equipment internationally. Analysts say a major reason behind this is bitcoin mining, which has given Iran an alternative payment network outside the traditional banking system. Iran legalised bitcoin mining in 2019. At that time, it was presented as an economic experiment. But now, experts say, it has gradually transformed into a payment network that circumvents sanctions. SWIFT transfers not required Bitcoins generated through mining can be transferred directly to government-controlled wallets and then used for payments abroad. This allows Iran to avoid…

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06

Mar

By The Press Editor

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Business

Maharashtra Budget 2026 LIVE: CM Devendra Fadnavis to present budget today

Mumbai: The Devendra Fadnavis-led Mahayuti government in Maharashtra is set to present the state's annual budget today. Ahead of this, the pre-budget Economic Survey 2025-26 flagged the significant gap between proposed investments and actual project implementation, even as the state economy continues to show robust growth. According to the survey, the state's public debt will rise to Rs 9.32 lakh crore in 2025-26, while the state has projected a strong economic growth of 7.9 per cent, much higher than national estimates. Amid this, there are also talks about whether the government will discontinue the "Ladki Bahin Yojana"? It is reported…

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06

Mar

By The Press Editor

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Business

Mazdock share price: Defence stock gains as company issues clarification on Rs 99,000 crore deal

Mumbai: Shares of India's biggest warship builder, Mazagon Dock Shipbuilders Ltd, are in action even as stock market benchmark indices Sensex and Nifty tumbled in early trade on Friday after a day's breather. The stock opened gap up with a gain of 2 per cent at Rs 2,398.95 against the previous close of Rs 2,351.95 on the BSE. The scrip gained further to touch the high of Rs 2,559, representing a gain of 8.8 per cent. On the National Stock Exchange (NSE), the stock opened at Rs 2,383.30, up from the previous close of Rs 2,352.50, and touched an intraday…

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