Business

30

Oct

By The Press Editor

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Business

LIC-backed NBFC to raise Rs 150 crore via non-convertible debentures – Check full details

Earlier, the non-banking financial company said it has serviced over 59 lakh customers by initiating transactions worth more than Rs 3,400 crore. Mumbai: LIC-backed Paisalo Digital Ltd, a smallcap company in the NBFC sector, has informed exchanges that the operations and finance committee of the board of directors has approved the issuance of two new debenture series. In the first series, the company will issue non-convertible debentures (NCDs) with an interest rate of 8.45 per cent. These debentures will be sold through private placement on the EBP platform. A total of 7,500 debentures will be issued, priced at Rs 1…

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30

Oct

By The Press Editor

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Business

RBI issues draft guidelines to make sending money home faster – Here’s what we know

The RBI said, in a draft circular, that the move is aimed at brining efficiency in cross-border payments aligning with the G20 roadmap. Mumbai: The Reserve Bank of India (RBI) on Wednesday has issued draft guidelines to make cross-border inward payments easier and faster. In simple words, this will help Indians abroad send money home faster. The RBI said in a draft circular that the move is aimed at improving efficiency in cross-border payments and aligning with the G20 roadmap. It has invited comments on its proposals from banks by November 19, 2025 "The Reserve Bank’s Payments Vision 2025 aims…

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30

Oct

By The Press Editor

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Business

SBI Card fee hike alert! New charges kick in soon – Check full details before it’s too late!

According to SBI Card, these changes are aimed at increasing transparency and equipping card users with better information about which transactions will attract what charges. New Delhi: In a notable change, the SBI Card is slated to introduce several revisions that users need to know about. Effective November 1, 2025, the SBI credit cards will include new charges for certain transactions, including education payments, card replacements, and wallet loads. In case of school or college fee payment through third-party apps, users will incur a 1 per cent fee on the transaction amount. However, SBI Card, in its clarification, has said that…

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30

Oct

By The Press Editor

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Business

Metal stock zooms 18% even as BSE sheds nearly 600 points, NSE slipped below 25,900

At close, the BSE Sensex was down 592/67 points or 0.70 per cent at 84,404.46. During the day, it hit an intra-day low of 84,312.65. Mumbai: Shares of Rathi Steel and Power Ltd (RSPL) surged over 18 per cent on a day when stock markets witnessed pressure amid fresh foreign fund outflows. The metal stock started the trading session with a slight gain at Rs 24.60 against the previous close of Rs 24.49 on the BSE. However, it picked up momentum towards the end of the session and surged to hit an intraday high of Rs 28.94, representing a gain…

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30

Oct

By The Press Editor

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Business

Stock split, bonus issue: Last day to buy this stock to be eligible for twin corporate actions: Check details

Upon post-share subdivision, the company's paid-up and subscribed capital will increase from 11,45,75,090 shares to 22,91,50,180 shares, with a corresponding adjustment to the face value. Mumbai: Fineotex Chemical Ltd, a smallcap company which manufactures speciality chemicals, is set to undergo a stock split and a bonus issue, and today marks the last day for investors to purchase the shares of the company to be eligible for these corporate actions. The company had earlier fixed October 31, 2025, as the record date to determine the eligibility of shareholders for these corporate actions. The company will first split the face value and…

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30

Oct

By The Press Editor

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Business

This IT stock gains 15% despite selloff in markets – Here’s why

Last seen, the stock held firmly in green at Rs 30.81 with a gain of 7.61 per cent. The action in stock comes amid several positive announcements by the company. Mumbai: Shares of smallcap IT stock Blue Cloud Softech Solutions continued to gain for the third consecutive session today. The counter surged over 15 per cent despite a selloff in markets. The counter opened gap up with a gain of 14.57 per cent at Rs 32.80 against the previous close of Rs 28.63 on the BSE. It further touched a high of Rs 33 amid high trading volume. Last…

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30

Oct

By The Press Editor

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Business

Gold, silver drop on MCX amid Fed rate cut, US-China trade talks | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price dropped 0.67 per cent, trading at approximately USD 3,973.8 per troy ounce. The spot gold price at 12:20 pm was USD 3,965.94 per ounce, down by 20.81 points or 0.52 per cent. Mumbai: Rates of precious metals in futures trade declined on Thursday, October 30, 2025, following the Federal Reserve's cautious stance on further rate cuts and positive signs of US-China trade talks. The gold December 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 1,541 at Rs 1,19,125 per 10…

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30

Oct

By The Press Editor

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Business

BHEL Share Price: PSU stock gains as profit rises 3x to Rs 375 crore in Q2

BHEL Share Price: The PSU has reported a consolidated net profit of Rs 106.15 crore for the quarter ended September 30, 2024. Mumbai: Shares of state-owned engineering firm Bharat Heavy Electricals (BHEL) gained on Thursday, October 30, 2025, after the public sector undertaking (PSU) posted strong quarterly results. The stock opened gap up, gaining 2.65 per cent to Rs 252.05, against the previous close of Rs 245.55 on the BSE. Amid a spurt in volume by more than 4.24 times, the stock jumped to touch the high of Rs 255.50, representing a gain of 4.05 per cent.  BHEL Quarterly Results  The…

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30

Oct

By The Press Editor

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Business

Vodafone Idea Share Price: Stock tanks 12% in early trade – Here’s why

Vodafone Idea Share Price: Adjusted gross revenue (AGR) is the income figure used to calculate the licence fees and spectrum charges that telecom companies must pay to the government. Mumbai: Shares of Vodafone Idea tanked nearly 12 per cent on Thursday, October 30, 2025, amid concerns about the extent of relief the telecom company will receive after the Supreme Court's written order on the additional adjusted gross revenue (AGR) plea. The stock opened at Rs 9.28 against the previous close of Rs 9.37 on the BSE. Amid profit booking, the stock fell 10 per cent to hit the lower circuit of…

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30

Oct

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty fall as Fed trims rate, L&T, TMPV among top gainers

Sensex, Nifty Today: Gift Nifty, an early indicator for the Nifty 50, indicated a negative start as it opened with a dip of 129 points at 26,126, compared to the previous close of 26,255. Mumbai: The Indian equity benchmark indices, the Sensex and Nifty, started the session in the red on Thursday, October 30, 2025, despite positive global cues after the Federal Reserve rate cut. While the 30-share BSE Sensex dropped 246.23 points to start the session at 84,750.90, the Nifty fell 69.50 points to open at 25,984.40. In the last trading session, the Sensex closed at 84,997.13 and the…

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