Business

30

Jul

By The Press Editor

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Business

Gold, silver remain volatile on MCX as Fed holds rates steady | Check city-wise rates

Mumbai: Rates of precious metals in futures remained volatile on Thursday, July 30, 2026, as escalating geopolitical tensions kept investor sentiment guarded and Fed held rates steady. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 144 or 0.10 per cent at Rs 1,41,925 per 10 grams against the previous close of Rs 1,41,781. However, it later fell to touch an intraday low of Rs 1,41,500, a drop of Rs 281 or 0.19 per cent. Last seen, it was trading at Rs 1,41,734 with a drop of Rs 47 or 0.03 per…

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30

Jul

By The Press Editor

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Business

India’s first Vande Bharat freight train begins its technical trials with a top speed of 145 km/h

New Delhi: Technical trials of the country's first Vande Bharat Freight Electric Multiple Unit (EMU) have begun. The country's first Vande Bharat cargo train completed successful trials in the Kota division of Rajasthan, achieving a maximum speed of 145 km per hour. This new train is expected to play a key role in ensuring fast, reliable delivery across sectors such as e-commerce, parcel delivery, and cold-chain logistics. This 16-coach prototype, built at the Integral Coach Factory (ICF) in Chennai, was tested on the Kota-Nagda-Sawai Madhopur high-speed corridor in Rajasthan.  During the first phase of trials, the train ran at speeds…

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30

Jul

By The Press Editor

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Business

Juniper Green Energy IPO now open for subscription, check status and latest GMP

Mumbai: The initial public offering (IPO) of Juniper Green Energy is now open for subscription. The price band of Rs 214-225 per equity share has been fixed for the Rs 1,800 crore public issue. The issue comprises an entirely fresh issue of 8 crore equity shares. Ahead of the IPO, the Gurugram-based company has mobilised Rs 539.4 crore from anchor investors, including Abu Dhabi Investment Authority and Nippon India Mutual Fund. According to a circular uploaded on the BSE website on Wednesday, the company allotted 2.4 crore equity shares to 31 funds at Rs 225 apiece, the upper end of…

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30

Jul

By The Press Editor

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Business

Vedanta Power shares to be in focus as firm reports quarterly loss at Rs 449 crore, check full details

Mumbai: Shares of newly listed Vedanta Power will be on investors' radar as the company has declared its financial results for the April-June quarter of FY27. The company has reported a standalone loss of Rs 449 crore for the quarter ended June 30, 2026, compared to a profit of 133 crore in the previous quarter. The company had posted a net profit of Rs 75 crore in the year-ago period. According to information shared with exchanges, the company's total expenses rose to Rs 1,985 crore from Rs 1,638 crore in the year-ago period. The consolidated income during the first quarter…

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30

Jul

By The Press Editor

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Business

IPOs Listing Today LIVE Updates: Indo-MIM makes strong debut, list at 45% premium over issue price

Mumbai: Shares of Indo-MIM made a strong debut on bourses on Thursday, July 30, 2026, and listed at Rs 703 on the BSE, a 44.95 per cent premium to the IPO price of Rs 485 per share. On the National Stock Exchange (NSE), the stock debuted at Rs 700 apiece, up 44.33 per cent from the IPO price. On the other hand, shares of Lohia Corp listed at Rs 460 on the BSE, a premium of 7.09 per cent to the issue price of Rs 425 and Xtranet Technologies shares settled at Rs 136 on the NSE, a premium of 7.09…

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30

Jul

By The Press Editor

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Business

30 July, 2026 Stock Market Updates: Sensex, Nifty flat as Fed keeps interest rates unchanged

Mumbai: Sensex, Nifty Today: Indian equity benchmark indices, the Sensex and Nifty, opened flat amid mixed global cues after the Federal Reserve kept interest rates unchanged and AI-related chip stocks extended losses ahead of earnings from Microsoft and Meta. While the 30-share BSE Sensex fell 15.74 points or 0.85 per cent to start the session at 77,638.86, the Nifty dropped 0.65 points to open at 24,249.55. In the last trading session, the Sensex closed at 77,654.60 and the Nifty 50 at 24,250.20. From the Sensex pack, Infosys, Tech Mahindra, Mahindra & Mahindra, HCL Tech and TCS were the gainers, with…

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29

Jul

By The Press Editor

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Business

NBFC stock in focus as board approves incorporation of subsidiary, entry into digital personal loan business

Mumbai: Shares of non-banking financial company (NBFC) NCL Research & Financial Services are in focus as the company has announced that its board of directors has approved the company's entry into the digital personal loan business, subject to applicable laws, regulatory approvals, and completion of necessary statutory and corporate formalities. The board has also approved the incorporation of a subsidiary that will develop software to provide fintech services. "In a significant strategic initiative aimed at expanding its financial services platform, the Board of Directors has approved the Company’s entry into the personal loan business, subject to applicable laws, regulatory approvals,…

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29

Jul

By The Press Editor

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Business

Charging-related risks and other key features EV insurance policy must include in 2026: Details

New Delhi: A comprehensive motor insurance policy provides financial protection against risks such as accidents, natural disasters, fire, theft, and third-party liabilities. While a comprehensive policy provides necessary coverage, experts believe electric vehicle owners should consider opting for a specific EV cover, such as the EV Shield add-on, to protect their vehicles. "This add-on typically helps cover the repair costs of EV-specific components, including expensive parts like the battery, electric motor, and charging equipment that can otherwise significantly increase repair bills," said Aditya Kumar, Head-Motor Underwriting, Digit Insurance.  Coverage for Charging Risks and Battery Issues It typically also covers charging-related…

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29

Jul

By The Press Editor

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Business

E20 petrol may impact rubber parts of some BS-III vehicles, Nitin Gadkari tells Parliament

New Delhi: The government on Wednesday said that some rubber parts and gaskets in BS-III vehicles, introduced from April 1, 2005, and manufactured before 2016,  may be impacted and require replacement when operated with E20 petrol, i.e. petrol containing 20 per cent ethanol. Regarding concerns about the mileage of vehicles using E20 fuel, Road Transport and Highways Minister Nitin Gadkari said that automobile manufacturers and vehicle/engine testing agencies have clarified that fuel efficiency is influenced by a host of factors beyond just the fuel type. He said studies have not shown any need to modify the car and two-wheeler engines…

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29

Jul

By The Press Editor

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Business

Sensex ends 888 points higher, Nifty at 24,250 amid firm buying in IT and metal stocks

Mumbai: Benchmark indices Sensex and Nifty rebounded on Wednesday to end the trading session in the green amid firm buying in IT, metal, banking and FMCG stocks. FII inflows also strengthened investor sentiment. The 30-share BSE Sensex closed 888.68 points or 1.16 per cent higher at 76,654.60. During the day, the benchmark hit a high of 77,765.49 and a low of 77,333.24, gyrating 432.25 points. The 50-share NSE Nifty was up by 264.85 points or 1.1 per cent and ended the session at 24,250.20. The broader market ended the session in the green. While the BSE MidCap Select Index gained…

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