Business

04

Dec

By The Press Editor

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Business

NSE-SME stock gains as company strengthens position in consumer electronics segment with new launch: Details

The stock's 14-day relative strength index (RSI) is 56.88. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of Cellecor Gadgets Limited, a consumer electronics and lifestyle technology company, gained on Thursday, i.e. December 4, 2025, after the company shared an update about a new launch. The counter opened in the red at Rs 31.30 against the previous close of Rs 31.35 as equity benchmark indices Sensex and Nifty slipped in early trade. As stock markets bounced back, the stock surged to a high of Rs…

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04

Dec

By The Press Editor

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Business

Rs 1 lakh turned in Rs 4.41 lakh in this government-backed gold investment: Details here

According to the SGB scheme, the tenure of the gold bond is eight years. However, the bond may be redeemed early after the fifth year from the date of issue. New Delhi: The Reserve Bank of India (RBI) has announced the final redemption of Sovereign Gold Bonds (SGBs) under the 2017-18 Series-X that is due on December 4, 2025. According to the information shared, the redemption price for final redemption due on December 04, 2025, has been fixed at Rs 12,820. This redemption price for the government-backed scheme is based on the simple average of the closing price of gold…

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04

Dec

By The Press Editor

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Business

Countdown begins: Thane–Bhayander Metro-10 tender coming soon, major boost for daily travellers

Following its completion, the metro line will significantly ease travel between Thane and Bhayander, freeing commuters from the year-round surface transport jams on the lone road connector via Ghodbunder highway. Mumbai: The Metro Line 10 project, aimed at connecting Gaimukh in Thane to Shivaji Chowk in Mira-Bhayander, has started to gain traction. With the Mumbai Metropolitan Region Development Authority (MMRDA) likely to start the tender process for the upcoming project by December 15, the work may start soon. Transport Minister Pratap Sarnaik made the announcement regarding the tender process following a project review.  One of the most challenging routes  Likely…

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04

Dec

By The Press Editor

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Business

Massive flyover push: Ghaziabad to unveil major infrastructure drive to fix jam-stricken roads

According to GDA Vice-Chairman Nand Kishore Kala, the authority is working on a mobility plan aimed at improving the city's traffic system Ghaziabad: To reduce congestion in Ghaziabad, the Ghaziabad Development Authority (GDA) is working on a new plan. Under GDA’s plan, new infrastructure will be built, including flyovers at Hapur Chungi, Rajnagar Extension, and Chaudhary Mod. Along with this, the city will see major upgradation, with seven intersections slated for major overhaul. The city is also expected to be freed from traffic congestion, as major congestion points will be addressed to ensure smoother movement.  Estimated cost of Rs 350…

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04

Dec

By The Press Editor

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Business

Orange Gate to Marine Drive in 10 minutes: Check key features of Mumbai’s first urban tunnel

Chief Minister Devendra Fadnavis emphasised that the project would provide significant relief to the people of Mumbai, as it would significantly contribute to easing the existing traffic. Mumbai: Mumbai's infrastructure is slated to get a significant boost, as the city will now be equipped with an urban tunnel. The development is significant, given that India’s financial capital has already witnessed the Coastal Road, Atal Bridge, and ongoing Metro expansion. On Wednesday, Chief Minister Devendra Fadnavis launched the Mumbai Metropolitan Region Development Authority's (MMRDA) much-anticipated Urban Tunnel project. Deputy Chief Minister Eknath Shinde was also present at the event. Under the…

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04

Dec

By The Press Editor

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Business

Renewable energy stock in focus as board approves acquisition of additional stake in subsidiary: Details

The stock has been gaining for the last two days and has risen 0.5 per cent in the period. Technically, the stock is trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Mumbai: Shares of renewable energy player BCL Industries are in focus as the company has informed exchanges that its board of directors has approved the acquisition of an additional 25 per cent stake in its subsidiary. The stock started the trading session flat at Rs 32.41 on the BSE. The scrip gained further to touch the high of Rs 32.76. Last seen, the stock was…

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04

Dec

By The Press Editor

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Business

Fitch raises India’s FY26 GDP growth forecast to 7.4% on GST reforms, better consumer spending

Private consumer spending is the main driver of growth this year, supported by strong real income dynamics, increased consumer sentiment, and the impact of recently implemented goods and services tax (GST) reforms. New Delhi: Fitch Ratings on Thursday raised India's GDP growth forecast for the current fiscal to 7.4 per cent, from 6.9 per cent, on increased consumer spending and improved sentiment boosted by GST reforms. It said falling inflation gives the Reserve Bank of India (RBI) room for one more policy rate cut in December to 5.25 per cent, following 100 bp of cuts in 2025 so far. Fitch…

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04

Dec

By The Press Editor

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Business

Multibagger stock below Rs 100 hits upper circuit post this update, check share price

Meanwhile, the BSE has placed the stock under the Short Term Additional Surveillance Measure Stage 4 (ST ASM-4) framework. Mumbai: Shares of Spice Lounge Food Works surged nearly 5 per cent in today's trade to hit the upper circuit of 52.99 on the BSE. The stock started the trading session in green at Rs 52.80 against the previous close of Rs 50.47. The market cap of the company stood at Rs 3,694.05 crore. Amid a spurt in trading volume, the stock surged further to touch the high of Rs 52.99. Meanwhile, the BSE has placed the stock under the Short…

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04

Dec

By The Press Editor

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Business

Gold price drops on MCX after positive start, silver too remains volatile | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price dipped 0.28 per cent, trading at approximately USD 4,220.5 per troy ounce. Mumbai: Rates of precious metals in futures trade surged in the opening session on Thursday, December 4, 2025 but later dipped amid profit booking and weak global trends. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 337 at Rs 1,30,799 per 10 grams against the previous close of Rs 1,30,462. However, it fell to touch the low of Rs 1,29,599 - a drop of Rs…

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04

Dec

By The Press Editor

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Business

IPO GMP: Check latest grey market premium of Aequs, Vidya Wires and Meesho IPOs

Aequs IPO GMP vs Vidya Wires IPO GMP and Meesho IPO GMP: The public issue of e-commerce company Meesho Ltd received 2.35 times subscription on the first day of share sale on Wednesday. Mumbai: The initial public offer (IPO) of e-commerce firm Meesho Ltd received a decent response from investors on the first day of the share sale on Wednesday, i.e. December 4, 2025 and got 2.35 times subscription. According to National Stock Exchange (NSE) data, the issue has received 3.57 times subscription at the time of writing the report. The three-day IPO got bids for 99,30,19,365 shares against 27,79,38,446…

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