Business

29

Jul

By The Press Editor

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Business

3 days left to file ITR for FY26, here’s how missing the July 31 deadline affects taxpayers

New Delhi: The deadline for filing your Income Tax Return (ITR) for the financial year 2025-26 is fast approaching. Filing your ITR is mandatory for all taxpayers. For taxpayers who don't have their accounts audited or who are salaried, the deadline for filing your ITR for FY 2025-26 is July 31, 2026. This means only three days are left to file your ITR. If you miss this deadline, you can file a belated return. However, delaying this could result in penalties, additional interest, and loss of several tax benefits. Last date for filing belated returns Under Section 139(4) of the…

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29

Jul

By The Press Editor

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Business

Manipal Health IPO GMP today suggests positive listing, check price band, listing date and other details

Mumbai: The initial public offering (IPO) of Manipal Health Enterprises, which operates a pan-India network of multispecialty hospitals offering services ranging from outpatient care to tertiary and quaternary interventions, is now open for subscription.  The three-day subscription window will close on July 31, 2026. The price band for the IPO has been fixed at Rs 560-590 per share, valuing the company at a little over Rs 77,600 crore at the upper end. Employees of Manipal Health bidding for the public issue will receive a discount of Rs 56 per share. Raises Rs 4,167 crore from anchor investors  Ahead of the…

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29

Jul

By The Press Editor

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Business

Indo-MIM IPO allotment status finalised, here’s how to check details on NSE, BSE and MUFG; latest GMP

Mumbai: The initial public offering of precision engineering components maker Indo-MIM Ltd received a strong response from investors and was subscribed 72.37 times overall. According to data available on the National Stock Exchange (NSE), the company's IPO received bids for 3,98,55,10,020 shares against 5,50,93,201 shares on offer. The quota for Qualified Institutional Buyers (QIBs) received a whopping 204.34 times subscription. The category for non-institutional investors attracted 50.63 times subscription, and that of retail investors received 6.67 times subscription. Now that the allotment basis has been finalised, investors can check their allotment status on the websites of the National Stock Exchange…

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29

Jul

By The Press Editor

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Business

West Bengal government employees to get 20% dearness allowance, October salary before Durga Puja

Kolkata: West Bengal Chief Minister Suvendu Adhikari said state government employees will receive a 20 per cent additional dearness allowance (DA) and their October salaries before Durga Puja. The Chief Minister also said he is committed to reducing the dearness allowance gap between central and state government employees. He also stated that the government is planning to implement the 7th Pay Commission this fiscal. He said that terms of reference (ToR) for the 7th Central Pay Commission (CPC) have already been prepared and would be constituted once finalised.  Chief Minister gives instructions to the Finance Minister and Finance Secretary Addressing…

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29

Jul

By The Press Editor

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Business

HUL shares rebound nearly 4% post Q1 results rout, here’s why

Mumbai: Shares of fast-moving consumer goods (FMCG) major Hindustan Unilever Ltd (HUL) rebounded nearly 5 per cent on Wednesday, a day after falling nearly 7 per cent following its April-June quarter earnings. The stock opened in the green at Rs 2,043.65, a gain of Rs 20.5 or 1.01 per cent, from the previous close of Rs 2,023.15 on the BSE. The positive momentum continued, and the scrip touched an intraday high of Rs 2,103.50, a gain of Rs 80.35, or 3.97 per cent, from the last closing price.     

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29

Jul

By The Press Editor

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Business

29 July, 2026 Stock Market Updates: Sensex surges 657 points, Nifty above 24,150, IT stocks rally

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened on a strong note on Wednesday, July 29, 2026, amid mixed global cues as crude oil prices rebounded after falling 14% in three sessions amid escalation in the US-Iran war. While the 30-share BSE Sensex jumped 657.85 points or 0.85 per cent to start the session at 77,423.77, the Nifty gained 191.3 points to open at 24,176.65. In the last trading session, the Sensex closed at 76,765.92 and the Nifty 50 at 23,985.35. Similarly, the broader indices traded in the green in the early trading session. While the BSE Midcap…

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28

Jul

By The Press Editor

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Business

Defence stock in focus after being empanelled by IAF as prime development agency for IPREK programme

New Delhi: Shares of Apollo Micro Systems Limited will be on investors' radar as the company today announced that it has been formally shortlisted and empanelled by the Indian Air Force (IAF) as a prime development agency for the Indigenous Precision Range Extension Kit (IPREK) programme, under the Make-II (Industry Funded) category of India's Defence Acquisition Procedure 2020 (DAP-2020). The development holds significance as it comes days after the company was awarded a Make-II Prototype Sanction Order (PSO) by the Indian Navy for the development of SAVIOR-ASW, a Semi-Submersible Autonomous Vessel for Intelligence, Operations, and Reconnaissance.  Commenting on the development,…

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28

Jul

By The Press Editor

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Business

Should you invest more or repay your loan first? Here’s how to make the right choice

Mumbai: When people have surplus money, one question often comes up: should they invest it to build wealth or use it to repay an existing loan faster? While both options can strengthen one's financial position, there isn't a universal answer. The right choice depends on factors such as the type of loan, expected investment returns, financial goals, tax implications and personal circumstances. According to Mayank Prakash, Co-Founder & Director, aarthiq, a broad way of thinking about this decision is by comparing the loan's interest rate with what one might reasonably expect from investing on a post-tax basis. "Beyond that, factors…

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28

Jul

By The Press Editor

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Business

Sensex drops 70 points, Nifty ends below 24,000, IT stocks rally even as investors remained cautious

Mumbai: Benchmark indices Sensex and Nifty ended the volatile trading session in the red as investors remained cautious ahead of key central bank policy meetings this week. The 30-share BSE Sensex closed 69.86 points or 0.09 per cent lower at 76,765.92. During the day, the benchmark hit a high of 76,988.48 and a low of 76,672.77, gyrating 315.71 points. The 50-share NSE Nifty was down by 10.60 points or 0.04 per cent and ended the session at 23,985.35. The broader market ended the session mixed. While the BSE MidCap Select Index gained 64.13 points or 0.35 per cent, the BSE…

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28

Jul

By The Press Editor

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Business

India Post’s new Speed Post tariffs from August 1, government clarifies letter, parcel categories

New Delhi: For the first time, the Department of Posts has notified the definition of a document, which will include letters, printed items, and complimentary items that have no resale value. Such items will attract lower fees, while all other items will fall under the parcel category. Furthermore, India Post has also notified rates for 24-speed post and 48-speed post services for retail and wholesale customers. The 24-speed post service delivers goods within 24 hours, while the 48-speed post service delivers goods within 48 hours. These things are under the document category According to the notification, products related to the…

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