Business

11

Dec

By The Press Editor

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Business

Speciality chemicals stock in focus amid acquisition of US-based company: Check details

The stock's 14-day relative strength index (RSI) is 47.8. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of Fineotex Chemical Ltd, which manufactures speciality chemicals, have been in focus as the company has announced the acquisition of CrudeChem Technologies Group (CCT). The counter opened in green at Rs 24.89 on the BSE against the previous close of Rs 24.64. During the day, it touched a low of Rs 24.19. Last seen, the scrip was trading at Rs 24.39 with a fall of 1.01 per cent…

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11

Dec

By The Press Editor

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Business

BSE smallcap ends session in green as company shares updates on allotment of equity shares: Check details

The counter ended the trading session at Rs 37.73, with a gain of 1.21 per cent and the market cap of the company stood at Rs 865.83 crore. Mumbai: Shares of infra-to-energy player Hazoor Multi Projects Ltd (HMPL) were in focus today as the company informed exchange that its fundraising committee has approved the allotment of 1,280,000 equity shares. These shares are being issued at a face value of Rs 1 and an issue price of RS 30 (including a premium of Rs 29). These shares were issued following the conversion of 1,28,000 warrants. These warrants were originally issued at…

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11

Dec

By The Press Editor

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Business

Dividend income and tax rules: Here’s what investors must know to save some extra bucks

Before FY 2020–21, dividends were tax-free in the hands of investors because companies were already paying Dividend Distribution Tax (DDT). New Delhi: For many investors, dividends feel like a reward for smart financial behaviour. You pick strong companies, hold them in your portfolio, and receive regular payouts — simple, right? But when it comes to taxation on dividend income in India, the simplicity often ends. According to CA Ruchika Bhagat, MD, Neeraj Bhagat & Co., several investors fail to understand how dividends are taxed, what deductions are allowed, and how to report them correctly while filing returns. Ignoring these aspects…

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11

Dec

By The Press Editor

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Business

Are 50-paise coins still valid? Here’s what Reserve Bank of India said – Full details

The videos shared by the RBI are aimed at emphasising that all coins issued by it continue to hold legal status while simultaneously dispelling rumours surrounding their legal status. New Delhi: Amid confusion over the validity of coins in denominations ranging from 50 paise to Rs 20, the Reserve Bank of India (RBI) has clarified that these coins remain legal tender. The RBI has addressed the issue as misinformation continues to proliferate regarding the legal tender status of these coins under its awareness campaign titled “RBI Kehta Hai”.  In a couple of videos released on social media platforms, the central…

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11

Dec

By The Press Editor

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Business

‘Atmanirbhar Bharat’: Indian Railways’ first hydrogen train ready for trials – All you need to know

The pilot project, which is being developed, will be instrumental in demonstrating hydrogen power technology for future rail operations. New Delhi: In a significant development regarding India’s hydrogen train project, the manufacturing of the first hydrogen-powered train set has been completed. The government shared this information in a written reply to a question in the Lok Sabha on Wednesday (10 December). Railway Minister Ashwini Vaishnaw said that the Indian Railways is working on the project on a pilot basis. It is being done according to the specifications framed by the Research, Design, and Standards Organisation.  Hydrogen power technology  The pilot…

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11

Dec

By The Press Editor

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Business

IT stock trades in green as company allots 31.68 lakh equity shares on preferential basis: Details

Following the allotment of these shares, AIS Anywhere has now become a 100 per cent owned subsidiary of the Company under a share swap arrangement. Mumbai: Shares of IT company Blue Cloud Softech Solutions Ltd.'s stock are in focus as the company has informed exchanges about the allotment of equity shares on a preferential basis. The counter started the trading session in green at Rs 25.37 against the previous close of Rs 25.07 on the BSE. Later, it touched the intraday high and low of Rs 26.15 and Rs 24.80 on the BSE. Last seen, the counter was trading at…

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11

Dec

By The Press Editor

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Business

This SBI Life-owned stock trades in green as board to meet soon to decide on NCDs, check date and other details

The company said that the Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to meet on December 15, 2025. Mumbai: Shares of SBI Life-owned Paisalo Digital, a non-banking financial company, traded in green today as the company has informed exchanges about the date of the meeting of the operations and finance committee of the board of directors to consider and approve allotment of non-convertible debentures on a private placement basis. The stock started the trading session in the red at Rs 37.40 against the previous close of Rs 37.52 on the BSE. The…

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11

Dec

By The Press Editor

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Business

Shares of algo trading platform in focus as company shares update on non-convertible debentures: Details

According to the information shared, the revised plan includes a green shoe option of up to 2,500 NCDs of RS 1,00,000 each, keeping the total issue size at Rs 50 crore. Mumbai: Shares of the Technology-driven financial company Share India Securities are in focus today as the company has shared new updates regarding the process of issuance of non-convertible debentures (NCDs). The information shared is in continuation of earlier disclosures dated July 30, 2025 and October 14, 2025. According to the exchange filing, the Finance Committee has updated the total number of the NCDs proposed. The company also said that…

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11

Dec

By The Press Editor

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Business

Market Opening Bell: Sensex gains 65 points, Nifty starts in green post Fed rate cut by 25 bps

Sensex, Nifty Today: Gift Nifty, an early indicator for the Nifty 50, indicated a positive start as it opened with a gain of 18.5 points at 25,955.50, compared to the previous close of 25,974. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the session in green on Thursday, December 11, 2025, after US stocks rallied following the Federal Reserve rate cut by 25 basis points. While the 30-share BSE Sensex gained 65.48 points to start the session at 84,456.75, the Nifty added 13.4 points to open at 25,771.40. In the last trading session, the Sensex closed at 84,391.27…

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11

Dec

By The Press Editor

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Business

Silver hits new high of Rs 1,93,452 on MCX, gold rises | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price gained by 0.34 per cent, trading at approximately USD 4,239.1 per troy ounce. The spot gold price at 10:30 am was USD 4,214.5 per ounce, up by USD 7.47 or 0.18 per cent. Mumbai: Rates of precious metals in futures trade continued to surge on Thursday, December 11, 2025, with silver hitting a fresh record high of Rs 1,93,452 per kg in the futures trade on strong investor demand and a 25 basis points rate cut by the US Federal Reserve. The gold February 5 contract…

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