Business

18

Feb

By The Press Editor

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Business

From Duroflex to Virupaksha Organics, these companies get SEBI nod to launch IPO

Mumbai: The Securities and Exchange Board of India (SEBI) has approved several companies, including Premier Industrial Corporation and mattress maker Duroflex, to launch their initial public offerings (IPOs). The regulator has also cleared IPO proposals of Virupaksha Organics, Mumbai-based Hexagon Nutrition, and Om Power Transmission. According to SEBI data, companies that had filed draft papers between September and October received approval between February 10 and 13.  The approvals pave the way for fresh investment opportunities for stock market participants. Premier Industrial Corporation IPO details As per its draft documents, the proposed IPO of Premier Industrial Corporation comprises a fresh issue…

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18

Feb

By The Press Editor

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Business

Madhya Pradesh Finance Minister tables Rs 4.38 lakh crore budget, Rs 28,000 crore allocated for VB-G RAM G

Mumbai: Madhya Pradesh Finance Minister Jagdish Deora on Wednesday presented a Budget of Rs 4.38 lakh crore for the financial year 2026–27 in the Assembly. The Budget was tabled amid interruptions and protests by the opposition, with Congress members raising slogans and expressing concern over the rising debt burden on the state’s people. Focus on inclusive growth and infrastructure Chief Minister Mohan Yadav said the Budget emphasises inclusive development, good governance, environmental protection, tourism and cultural revival. “We have pledged to build a prosperous Madhya Pradesh by 2047. We have allocated Rs 9 billion for the repair of damaged bridges…

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18

Feb

By The Press Editor

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Business

Good news for homebuyers in Delhi: DDA removes parking charges from flat prices

New Delhi: The Delhi Development Authority (DDA) has announced major relief for homebuyers by removing separate parking charges from the total price of flats, including covered parking. The move is expected to reduce flat prices by Rs 5 lakh to Rs 12 lakh. The decision will take immediate effect in four major housing schemes. Four major housing schemes to benefit According to a report by The Times of India, the revised pricing will apply to: DDA Karmayogi Housing Scheme 2025 (FCFS) DDA Towering Heights Karkardooma Housing Scheme 2025 (e-auction) DDA Nagarik Awas Yojana 2026 DDA Towering Heights Karkardooma Housing Scheme…

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18

Feb

By The Press Editor

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Business

Smallcap IT stock trades in green amid market volatility as company receives LoI from government

Mumbai: Shares of smallcap IT firm Blue Cloud Softech Solutions Ltd (BCSSL) gained more than 3 per cent after the company announced two key developments for investors. Post this, the stock opened in green at Rs 23.23 against the previous close of Rs 22.96 on the BSE. Later, it touched a high of Rs 24.45.  At last check, the stock was trading at Rs 23.80 on the BSE Ltd, up 3.66 per cent or Rs 0.84. The market cap of the company stood at Rs 1,792.33 crore. The stock has a 52-week high of Rs 38 and a 52-week low…

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18

Feb

By The Press Editor

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Business

Real estate stock in focus as company shares updates on stake change, check share price

Mumbai: Shares of Hazoor Multi Projects Ltd (HMPL) are on investors’ radar following key corporate updates shared in recent exchange filings. After market hours on Tuesday, the company informed investors about developments related to its stake in Vyom Hydrocarbon Private Limited (VHPL). In its filing, the company said it had earlier acquired a 51 per cent stake in Vyom Hydrocarbon Private Limited (VHPL) and appointed its directors to the board of VHPL. VHPL subsequently acquired a 100 per cent stake in Quippo Oil and Gas Infrastructure Limited, making Quippo a step-down subsidiary of HMPL. However, CCDs (convertible debentures) worth around…

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18

Feb

By The Press Editor

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Business

Gold rebounds Rs 2,136, silver jumps by 4.27% on the MCX | Check city-wise rates

Mumbai: After consolidating from all-time highs, rates of precious metals in futures trade edged higher on Wednesday, February 18, 2026, as markets await the release of the Federal Reserve's January meeting minutes. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,885 or 1.24 per cent at Rs 1,53,303 per 10 grams against the previous close of Rs 1,51,418. It gained further to hit the high of Rs 1,53,554, a gain of Rs 2,136 or 1.41 per cent. Last seen, the precious metal futures were trading at Rs 1,53,318 with a gain…

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18

Feb

By The Press Editor

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Business

6155% in 5 years: Stock under Rs 50 hits upper circuit even as markets remain volatile, details here

Mumbai: Shares of Hyderabad-headquartered MIC Electronics Limited (MICEL) are in action even as Indian benchmark indices remained volatile in early trade. The stock started the trading session in green with a minor gain at Rs 42.10 against the previous close of Rs 42.07 on the BSE. Amid a spurt in trading volume by more than 6.03 times, the stock touched an intraday high of Rs 44.17, marking a rise of 4.99 per cent during the session and also its upper circuit. Last seen, the scrip held in green and was trading at Rs 43.75 with a gain of 3.99 per…

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18

Feb

By The Press Editor

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Business

Market Opening Bell: Sensex gains over 100 points, Nifty holds 25,750, IT stocks drag

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened flat on Wednesday, February 18, 2026, amid positive global cues. While the 30-share BSE Sensex gained 102.63 points to start the session at 83,553.59, the Nifty added 27.25 points to open at 25,752.65. In the last trading session, the Sensex closed at 83,450.96 and the Nifty 50 at 25,725.40. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index gained 9.36 points, or 0.05 per cent, in the early trading session, the BSE Smallcap Select Index was up by 30.49 points or…

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17

Feb

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Business

Meerut Metro set to be India’s fastest, promises 30-minute end-to-end travel | Check proposed speed

Meerut: Meerut is set to receive the country’s fastest metro service, with trains designed to run at a top speed of 120 kmph. The new system is expected to significantly reduce travel time across the city and improve daily commuting for thousands of passengers. The metro corridor will stretch 21 kilometres from Meerut South to Modipuram and include 12 stations. Officials, cited by PTI, said the journey across the entire route will take about 30 minutes, even with halts at every station. Until now, the highest operational speed recorded on an Indian metro corridor has been 110 kmph on the…

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16

Feb

By The Press Editor

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Business

Quarterly Results: IT stock begins trading session in green even as stock markets remain volatile, check details

Mumbai: Small-cap IT company Blue Cloud Softech Solutions Ltd released quarterly results after market hours on Friday. Following the update, the company’s shares opened in the green even as the broader stock markets began the trading session in the red. The counter opened at Rs 24.89 against the previous close of Rs 23.77 on the BSE. As of last seen, the stock was trading at Rs 23.87, up 0.42 per cent. The company’s market capitalisation stood at Rs 1,797.61 crore. The stock has shown notable movement over time, reaching a 52-week high of around Rs 38.00 and a 52-week low…

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