Business

29

Oct

By The Press Editor

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Business

Smallcap stock under Rs 500 defers rights issue to raise fund – Here’s why

Stock market benchmark indices Sensex and Nifty bounced back in early trade on Wednesday amid hopes of a rate cut by the US Federal Reserve and fresh foreign fund inflows. Mumbai: Fast-moving consumer goods (FMCG) company Krishival Foods has informed exchanges that the board has deferred the decision to raise funds through a rights issue. The firm has cited technical issues as the reason behind this decision. It stressed that the issue is expected to be resolved in a month. “The Board of Directors of the Company (“Board”), have deemed it prudent and in the best interest of the Company…

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29

Oct

By The Press Editor

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Business

This stock hits upper circuit as company evaluates buying majority stake in Blackstone Management: Details

The stock's 14-day relative strength index (RSI) is 74.33. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of Spice Lounge Food Works hit the upper circuit on Wednesday, October 29, 2025, as the company informed exchanges that it will evaluate the potential acquisition of a majority stake in Blackstone Management. The stock opened gap up with a gain of 3.75 per cent at Rs 49.30 against the previous close of Rs 47.52 on the BSE. It later touched the 5 per cent upper circuit of…

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29

Oct

By The Press Editor

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Business

Tata Steel Share Price: Stock gains over 2% today -What’s behind the rally?

Tata Steel Share Price: Tata Steel recently entered into a long-term contract with Air Water India Private Limited (AWIPL). Mumbai: Shares of Tata Steel continue to surge for the sixth consecutive day on Wednesday and gained around 3 per cent to touch the fresh 52-week high of Rs 187 in the early trade. The stock started the trading session at Rs 183, up from its previous close of Rs 181.85, on the BSE. Amid a spurt in trading volume by more than 1.13 times, the stock gained 2.83 per cent to touch the high of Rs 187. Last seen, the…

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29

Oct

By The Press Editor

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Business

Market Opening Bell: Sensex flat, Nifty below 26,000, Asian Paints gains over 1%

Sensex, Nifty Today: In early trade, 1,464 stocks in the Nifty pack were trading in the green, while 780 were trading in the red. One hundred twenty-two stocks remained unchanged. Mumbai: The Indian equity benchmark indices, the Sensex and Nifty, opened in the green on Wednesday, October 29, 2025, amid positive global cues. While the 30-share BSE Sensex gained 35.52 points to start the session at 84,663.68, the Nifty added 45.80 points to open at 25,982. In the last trading session, the Sensex closed at 84,628.16 and the Nifty 50 at 25,936.20. However, the broader indices traded mixed in the…

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28

Oct

By The Press Editor

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Business

Air India Express unveils new cabin interiors for Boeing 737, offers improved legroom for passengers

Air India Express on Tuesday said it has undertaken a comprehensive network optimisation exercise, starting last month, as it looks to enhance connectivity, strengthen hub operations, and build frequency density across key markets. New Delhi: Air India Express on Tuesday unveiled the new cabin interiors of its latest Boeing 737-8 aircraft at Mumbai’s Chhatrapati Shivaji Maharaj International Airport. The flight, registered as VT-BWD, features Tsüngkotepsü-inspired tail art from Nagaland, as part of the airline’s ongoing brand transformation launched in October 2023. This has been done in a major step in its ongoing brand transformation and fleet modernisation under the Tata…

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28

Oct

By The Press Editor

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Business

Tata Projects gets Rs 800 crore housing project contract from Experion Developers – Details

Spread across approximately 2.5 million square feet, the project is set to become the tallest residential development in its neighbourhood, featuring 45 floors in each tower. New Delhi: Real estate developer Experion Developers has announced a partnership with TATA Projects Ltd (TPL) and awarded a Rs 800 crore contract to ti for the construction of a housing project in Gurugram. As part of this partnership, TATA Projects has been appointed as the principal contractor for EDPL’s upcoming high-rise residential project 'The Trillion', located in Sector-48, Gurgaon. Spread across approximately 2.5 million square feet, the project is set to become the…

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28

Oct

By The Press Editor

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Business

8th Pay Commission: When will new salaries come into effect and how many people will benefit? Details

The 7th Pay Commission was constituted in 2014 and its recommendations were implemented on January 1, 2016. The term of the 7th Pay Commission will end in 2026. New Delhi: The Cabinet on Tuesday approved the Terms of Reference (ToR) of the 8th Pay Commission, which will comprise one chairperson, one member (part-time) and one member-secretary. It will make its recommendations within 18 months of its constitution. The panel, to be chaired by former Supreme Court judge Ranjana Prakash Desai, will submit an interim report to the government. 8th Pay Commission: When will new salaries come into effect? The new…

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28

Oct

By The Press Editor

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Business

Rift deepens at Tata Trusts as Noel Tata, two others block Mehli Mistry’s reappointment as trustee

Noel Tata and Mehli Mistry are two power centres in the Tata Trusts, which control a majority stake in the holding company of the Tata Group. New Delhi: Rift in the philanthropic arm, Tata Trusts, the philanthropic arm of the Tata Group, has widened as Tata Trusts chairman Noel Tata and two other powerful trustees considered close to him blocked the reappointment of late Ratan Tata's close associate and businessman Mehli Mistry as trustee, deepening the rift at the philanthropic arm that controls the holding company of Tata Group. Noel Tata was appointed head of Tata Trusts following the death…

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28

Oct

By The Press Editor

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Business

Studds Accessories IPO GMP Today: Public issue to open for subscription on October 30, check full details

Studds Accessories IPO GMP Today: Studds sells products across India and exports them to over 70 countries, with key markets spanning the Americas, Asia (excluding India), Europe, and other regions. Mumbai: Helmets manufacturer Studds Accessories Ltd's initial public offering (IPO) will open for subscription on October 30, 2025. The company, which designs and manufactures two-wheeler helmets and a range of motorcycle accessories, is targeting to raise Rs 455 crore through the public issue. The IPO will comprise only an offer-for-sale (OFS), with the promoter group and other shareholders offloading 77.86 lakh shares. Since the issue is entirely an OFS, Studds…

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28

Oct

By The Press Editor

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Business

8th Pay Commission Big Update: Cabinet approves terms of reference, panel to submit report soon

8th Pay Commission Big Update: According to information available, the 8th Central Pay Commission will be a temporary body and will comprise one chairperson, a part-time member, and one member-secretary. New Delhi: The Cabinet on Tuesday approved the terms of reference (ToR) of the 8th Central Pay Commission (CPC), which will revise salaries of nearly 50 lakh central government employees and allowances of 65 lakh pensioners. According to the information available, the 8th Central Pay Commission will be a temporary body and comprise one chairperson, a part-time member and one member-secretary.   As per the composition approved by the Cabinet, Justice Ranjana…

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