Business

28

Oct

By The Press Editor

Business

Online liquor booking app permitted by previous Delhi government aims to ensure transparency: Officials

A day after a mobile app developed by the Delhi government's Delhi State Industrial Infrastructure Development Corporation (DSIIDC) allowed advance booking of liquor from retail vends, officials on Wednesday said the previous government granted permission in 2024 to ensure transparency and stop brand pushing in retail sales. The 'Delhi Liquor Booking' app was launched by the DSIIDC after required trials, enabling customers to book liquor and pick it up from the corporation's vends. "In order to ensure transparency, digital governance, and avoid brand pushing, the Delhi Liquor Booking app was rolled out by DSIIDC in November 2025. Earlier, approval was granted…

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28

Oct

By The Press Editor

Business

Pharma stock below Rs 50 gains 9% ahead of board meeting to consider fundraising, check details

Shares of Sudarshan Pharma Industries, a pharmaceutical and speciality chemical company, jumped over 8 per cent even as benchmark indices remained volatile due to rising crude oil prices and caution ahead of the US Federal Reserve's policy decision. The move comes a day before the company's board of directors meeting on October 29, 2026, to consider and approve a proposal to raise funds. The board will also consider the company's unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Share price today  The stock opened in green at Rs 36.99 against the previous…

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28

Oct

By The Press Editor

Business

Modi Cabinet approves 3% DA hike for central government employees ahead of Diwali

The Cabinet led by Prime Minister Narendra Modi on Wednesday approved a 3 per cent hike in dearness allowance (DA) for Central government employees. The decision brings cheers for over 1.16 crore central government employees and pensioners ahead of Diwali. The hike will be implemented retrospectively from July 1, 2026. The government revises dearness allowance and dearness relief (DR) twice a year, in January and July, to help employees and pensioners cope with inflation.  This is a developing story...

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28

Oct

By The Press Editor

Business

Dr Harsh Mahajan conferred FICCI’s Lifetime Achievement Award for contributions to Indian healthcare sector

Dr Harsh Mahajan, founder and chief radiologist of Mahajan Imaging and Labs, has been conferred the Lifetime Achievement in Healthcare Industry Award by the Federation of Indian Chambers of Commerce and Industry (FICCI) in recognition of his contributions to diagnostic radiology, medical imaging, healthcare innovation, and medical education in India. With a career spanning more than four decades, Dr Mahajan has played a significant role in the development of diagnostic imaging in the country. His work has combined clinical practice with the adoption of advanced technologies, academic leadership, and efforts to improve access to quality diagnostic services. He founded Mahajan Imaging…

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28

Oct

By The Press Editor

Business

Raymond shares open in green after Q2 FY27 financial results, revenue rises to Rs 655.16 crore

Raymond shares opened in the green despite benchmark indices opening in the red in early trade on Wednesday. The company announced its quarterly results on Tuesday after market hours. It has reported a net profit of Rs 32 crore for the July-September quarter. In the same quarter last year, the company had posted a profit of Rs 13.9 crore. Raymond's consolidated revenue grew 24.1 per cent to Rs 655 crore in the September quarter, compared to Rs 527.7 crore in the same quarter last year. The company's EBITDA (earnings before interest, taxes, and other expenses) increased 74.4 per cent to…

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28

Oct

By The Press Editor

Business

Jio Platforms shares make strong debut, becomes second most valuable Indian company by market cap

Shares of Jio Platforms, the Reliance Industries-backed digital services company, made a strong debut on the stock exchanges, listing with a premium of over 21 per cent on Wednesday against the issue price of Rs 1,119. The stock opened at Rs 1,358, up 21.36 per cent from the issue price on both the BSE and NSE. The company's market valuation stood at Rs 12,50,586.39 crore in early trading. Later, the stock traded at Rs 1,364 on the BSE and Rs 1,364.20 on the NSE. 2nd most valuable Indian firm by market cap Jio Platforms Ltd on Wednesday became the second…

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28

Oct

By The Press Editor

Business

Jio Platforms to make market debut after landmark Rs 30,213 crore IPO, Rs 10.3 lakh crore valuation

Jio Platforms shares are set to debut on the stock market today. The company's IPO, valued at over Rs 30,200 crore, received an overwhelming response from investors during the three-day subscription window. Market experts advise investors who have received share allotments to hold their investments for the long term. They believe that, given Jio's growth potential, it should not be viewed solely through the lens of making a profit on listing day. Historic opportunity for the Indian stock market Jio Platforms' IPO is a major milestone for India's capital markets. The issue of Rs 30,213 crore is larger than Hyundai Motors…

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28

Oct

By The Press Editor

Business

Jio Platforms Listing LIVE Updates: Stock makes strong debut, lists at 21% premium over IPO price on NSE

Shares of Reliance Industries-backed Jio Platforms made a strong debut on the bourses today, October 28, 2026, listing at Rs 1,358 on the National Stock Exchange (NSE), a premium of 21.36 per cent over the issue price of Rs 1,119. On the BSE, the stock debuted at the same price, and the company's market cap stood at Rs 12,50,586 crore, making it the second most valuable firm by market capitalisation. Earlier, the initial public offering of Jio Platforms closed with bids for 22.19 times the shares on offer, as total demand across the public issue and anchor investor placement crossed Rs 7.4…

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28

Oct

By The Press Editor

Business

28 October, 2026 Stock Market Updates: Sensex down 345 points, Nifty below 22,700, IT shares drag

Indian equity benchmark indices, the Sensex and Nifty, started the session lower on October 28, 2026, despite overnight gains on Wall Street and strength across Asian markets. While the 30-share BSE Sensex fell 345.23 points or 0.17 per cent to start the session at 73,253.44, the Nifty shed 71.75 points to open at 22,708.80. In the last trading session, the Sensex closed at 73,606.75 and the Nifty 50 at 22,678.  What did Gift Nifty indicate?   Gift Nifty, an early indicator for the Nifty 50, indicated a negative start today, opening down 98.5 points to 22,713.50 from the previous close…

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27

Oct

By The Press Editor

Business

Jio Platforms to list on stock market tomorrow, becomes India’s 4th largest company by market cap

Mumbai: Jio Platforms is poised for a historic stock market debut, with its shares scheduled to list on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on Wednesday (October 28). The company has completed its Initial Public Offering (IPO) at a valuation of Rs 10.3 lakh crore, issuing 27 crore new shares at Rs 1,119 apiece. At this valuation, Jio Platforms ranks as India's fourth-largest company by market capitalisation, behind its parent, Reliance Industries, valued at Rs 16.2 lakh crore, Bharti Airtel at Rs 12.2 lakh crore and HDFC Bank at Rs 10.6 lakh crore. The IPO…

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