Business

20

Apr

By The Press Editor

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Business

Stock under Rs 50 in focus after certification by Confederation of Indian Industry, check share price

Mumbai: Shares of Rathi Steel And Power Limited, a manufacturer of stainless steel and mild steel long products, are in focus today. The stock opened gap up at Rs 22.74 with a gain of 5.67 per cent against the previous close of Rs 21.52 on the BSE. It further advanced to touch a high of Rs 22.80, representing a gain of 5.9 per cent from the previous close. Last seen, the stock was trading in green at Rs 22.75, up 5.72 per cent, and the company's market cap stood at Rs 196.48 crore. The stock has been gaining over the…

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20

Apr

By The Press Editor

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Business

Gold falls by Rs 1,800 on MCX, silver slides over 2% amid profit booking, spike in crude oil prices

Mumbai: Rates of precious metals in futures fell on Monday, April 20, 2026, amid profit booking as the US dollar firmed and oil prices climbed over 5 per cent  as a standoff between Iran and the US prevented tankers from using the Strait of Hormuz. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 1,451 at Rs 1,53,158 per 10 grams against the previous close of Rs 1,54,609. It fell further to touch an intraday low of Rs 1,52,799, a drop of Rs 1,810 or 1.17 per cent. Last seen, it was…

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20

Apr

By The Press Editor

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Business

Suzlon Share Price: Renewable energy stock falls after 5-day rally amid this clarification by company

Mumbai: Shares of renewable energy solution provider Suzlon Energy fell after five days of consecutive gain on Monday, April 20, 2026, amid a clarification by company. The company in an exchange filing after market hours on Friday said a it could not ascertain any event that could have triggered Material Price Movement (MPM). "This is to inform that a Material Price Movement (“MPM”) has been noticed in the scrip of Suzlon Energy Limited on 17th April 2026 at 12.26 p.m., however we could not ascertain any event or information in the mainstream media which could have triggered this MPM," the…

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20

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex gains 139 points, Nifty flat as oil prices rise amid US-Iran standoff

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in green on Monday, amid positive global cues. While the 30-share BSE Sensex added 139.36 points to start the session at 78,632.90, the Nifty gained 37.95 points to open at 24,391.50. In the last trading session, the Sensex closed at 78,493.54 and the Nifty 50 at 24,353.55. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 90.55 points, the BSE Smallcap Select Index was up by 2.96 points or 0.04 per cent, to trade at 8,001.47.   From the Sensex pack, Trent,…

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20

Apr

By The Press Editor

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Business

Yes Bank share price: Stock in focus as lender’s profit jumps 45%, net interest margins improves

Mumbai: Shares of private-sector lender Yes Bank will be in focus today, as the bank has reported a 45 per cent jump in its March-quarter net profit to Rs 1,068 crore. The stock had ended the last trading session in the green at Rs 20.20, a gain of 1.25 per cent from the previous close of Rs 19.95 on the BSE. The market cap of the company stood at 63,387.11 crore. The stock has been gaining for the last three days and has risen 6.99 per cent in the period. Technically, the stock is trading higher than the 5-day, 20-day…

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18

Apr

By The Press Editor

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Business

Cabinet clears 2% DA hike for Central government employees, pensioners

New Delhi: The Union Cabinet has approved a 2 per cent increase in Dearness Allowance (DA) for central government employees and pensioners, said sources bringing some relief amid rising living costs. Dearness Allowance is given to help government staff and retirees manage the impact of inflation on their daily expenses. Monthly income to go up With this revision, both employees and pensioners will see a rise in their monthly payouts. The increase, though modest, will add to their overall income and help balance higher prices. Linked to bigger pay demands The move comes at a time when employee groups have…

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17

Apr

By The Press Editor

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Business

Citius TransNet InvIT IPO now open for subscription, check price band, listing dates and other details

Mumbai: The initial public offer of Citius TransNet Investment Trust is now open for subscription. The company has already mobilised Rs 497.25 crore from anchor investors. The InvIT garnered participation from a range of investors, including Prazim Trading and ASKWA Income Opportunities Fund, as well as pension and provident funds such as HDFC Pension, SBI Pension, ICICI Prudential Pension, DSP Pension and Larsen & Toubro Provident Fund. According to a circular uploaded on the BSE website, the InvIT allocated 4,97,24,850 units at Rs 100 per unit to anchor investors. Citius TransNet InvIT IPO subscription window  The three-day subscription window for…

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17

Apr

By The Press Editor

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Business

Is India becoming a luxury-led real estate market? Here’s what latest data suggests

New Delhi: Shift in the real estate industry has always been subtle. Similar was the case this time, with an increase in sales in the Rs 1 crore-plus bracket. According to JLL India’s Residential Dynamics Report Q4 2025, premium housing, defined conservatively as Rs 1 crore and above, now accounts for 63 per cent of total sales, up from 53 per cent a year earlier. This was in a year when overall residential sales declined 11 per cent. The contradiction is structural. Margins have emerged as new mantra Developers, of late, are no longer building for volume. Rather, margins have…

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17

Apr

By The Press Editor

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Business

Paras Defence Share Price: Stock in focus as company inks deal with US-based firm for aerial refuelling technology

Mumbai: Shares of defence and space engineering company Paras Defence and Space Technologies will be in focus today as the company has inked a deal with a US-based firm for air-to-air refuelling technologies and support services for the Indian armed forces. The stock closed in the green in the last trading session, even as benchmark indices closed in the red, as markets failed to sustain early gains and saw selling pressure at higher levels. The BSE Sensex closed at 77,988.68, declining 122.56 points or 0.16 per cent, while the Nifty declined 34.55 points or 0.14 per cent to settle at…

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17

Apr

By The Press Editor

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Business

Defence stock surges 16% after receiving license from govt for manufacturing of ammunition, details

Mumbai: Shares of Apollo Micro Systems Ltd (AMSL), a technology-based solutions provider in sectors such as infrastructure, transportation, aerospace and defence, among others, surged on Friday after the company announced that it has been granted a lifetime license by the government of India for the commercial manufacture of high-value strategic weapon systems and ammunition. According to the information shared with the exchanges, the license has been issued by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce & Industry. The license authorises the company to manufacture, assemble, and test a wide array of defence…

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