Business

09

Jun

By The Press Editor

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Business

Are vertical communities with better connectivity reshaping the definition of luxury living? Find out | Business

New Delhi: Gone are the days when luxury housing in India was associated with sprawling villas, private lawns, low-rise communities, and large land parcels located away from dense urban centres. Space itself symbolised status. But as Indian cities evolve and land within prime urban districts becomes increasingly scarce, the definition of aspirational living is undergoing a visible transformation. Today’s affluent homebuyer is no longer looking only for square footage. Luxury is increasingly being defined by elevation, exclusivity, connectivity, wellness, curated experiences, and the quality of everyday life. Across India’s leading metropolitan regions, premium high-rise developments are emerging as modern vertical…

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09

Jun

By The Press Editor

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Business

Govt provided Rs 1.23 lakh crore to OMCs to keep fuel prices steady amid Middle East crisis: Sources | Business

New Delhi: Amid the ongoing crisis in the Middle East, which has directly impacted global energy markets, the government provided Rs 1.23 lakh crore to state-run oil marketing companies (OMCs) to keep retail fuel pump prices steady, sources said on Tuesday. They also said that surging global crude oil and fertiliser prices have driven up the country’s import bill, but India's growth is not under stress, and strong domestic consumption and robust fiscal buffers are keeping the economy steady. According to sources, the high-growth momentum witnessed in the March quarter of the previous fiscal year has seamlessly carried over into the…

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09

Jun

By The Press Editor

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Business

Market Closing Bell: Sensex, Nifty witness recovery after a pause in Iran-Israel tensions | Markets

Mumbai: Benchmark indices Sensex and Nifty witnessed a mild recovery to end the session in green on Tuesday, June 9, 2026, following a pause in Iran-Israel tensions and softer crude prices. The 30-share BSE Sensex jumped 394.50 points or 0.54 per cent, to settle at 73,918.76. The 50-share NSE Nifty gained 119.10 points, or 0.52 per cent, to end at 23,242.10. During the day, the BSE hit a high of 74,035.41 and a low of 73,426.18, gyrating 609.23 points. The Nifty 50 was up 119.10 points and closed at Rs 23,242.10. After a positive start, the benchmark fell to a…

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09

Jun

By The Press Editor

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Business

NLC India OFS now open for subscription at discount of 9.73%, check floor price and other details | Markets

Mumbai: The government is selling its 3 per cent stake in NLC India Limited, a public sector company engaged in lignite mining and power generation, through an offer for sale (OFS) at a price of Rs 303 per share. The offer for sale opened for non-retail investors today, i.e. on June 9 and has witnessed a strong participation. Non-retail investors bid for over 3.18 lakh shares, representing 127.62 per cent of the 2.49 crore shares reserved for them, at an indicative price of Rs 307.16 a share. Bidding will continue until the close of market hours. The OFS will be…

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09

Jun

By The Press Editor

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Business

Gold holds steady at Rs 1.54 lakh per 10 grams on MCX, silver remains volatile | Check city-wise rates | Markets

Mumbai: Rates of precious metals in futures opened lower on Tuesday, June 9, 2026, as investors remained cautious amid ongoing volatility. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 387 or 0.25 per cent at Rs 1,54,397 per 10 grams against the previous close of Rs 1,54,784. It fell a bit further to touch an intraday low of Rs 1,54,396, a fall of Rs 388 or 0.25 per cent. However, it witnessed some buying at these levels and gained to touch an intraday high of Rs 1,55,400, representing a surge of…

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09

Jun

By The Press Editor

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Business

Nitin Gadkari witnesses Zojila Tunnel breakthrough at an altitude of 11,578 feet | Business

New Delhi: Today marks a milestone in the history of Indian engineering marvels by connecting two ends of the 13-kilometre-long main section of the Zojila Tunnel, making it the world's longest single-tube bi-directional bypass built at record height. The tunnel, 9.5 metres wide, 7.57 metres high, and 13.153 km long, is a horseshoe-shaped tunnel built at an elevation of around 11,578 feet above sea level. The breakthrough blast was witnessed by Union Minister for Road Transport and Highways Nitin Gadkari. This achievement not only demonstrates the indomitable courage of Indian engineers but also marks the beginning of a new era…

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09

Jun

By The Press Editor

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Business

Vodafone Idea Share Price: Stock trades close to 52-week high after relief from Bombay High Court | Markets

Mumbai: Shares of telecom operator Vodafone Idea (Vi) surged over 3 per cent to trade near its 52-week high after a relief by the Bombay High Court. The court has quashed the Centre's 2012 decision to impose a one-time spectrum charge on telecom companies. Following this development, the stock opened higher at Rs 14.81 on the BSE, up from the previous close of Rs 14.28. It surged further to touch the intraday high of Rs 14.90, representing a gain of Rs 0.52 or 3.61 per cent from the last closing price. This is just 4.23 per cent away from the…

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09

Jun

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty open on positive note as Middle East tensions ease | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened the trading session on a strong note on June 9, 2026, amid easing tensions in the Middle East. While the 30-share BSE Sensex jumped 511 points or 0.69 per cent to start the session at 74,035.41, the Nifty gained 136.05 points to open at 23,259.05. In the last trading session, the Sensex closed at 73,524.26 and the Nifty 50 at 23,123. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index was up 114.62 points, the BSE Smallcap Select Index gained 59.79…

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09

Jun

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Business

Defence stock in focus as company secures trading approval for new equity shares, check details | Markets

Mumbai: Shares of Apollo Micro Systems, which offers technology-based solutions in sectors such as infrastructure, transportation, aerospace, and defence, will be in focus during today's trading session, as the company has informed exchanges of two major developments regarding its equity share capital. According to the information shared, the company has received formal trading approvals from both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for 13,000 equity shares of face value Re 1 each. These shares were previously issued and allotted on a preferential basis to non-promoter investors pursuant to the conversion of warrants. The company…

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08

Jun

By The Press Editor

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Business

Govt cuts subsidised LPG cylinders for Ujjwala beneficiaries: Here’s how many refill they will get now | Business

New Delhi: The government has reduced the annual limit of subsidised LPG cylinders under the 'Pradhan Mantri Ujjwala Yojana' (PMUY) from 9 to 4. A senior government official on Monday said that this change was made keeping average household consumption in mind.  Under the scheme, launched in 2016, beneficiaries were initially entitled to 12 subsidised 14.2 kg cylinders per year. However, the number of subsidised cylinders was reduced from 12 to 9 last year, and has now been further lowered to 4. Subsidy of Rs 300 per cylinder At a news briefing, Praveen Mal Khanooja, Additional Secretary in the Ministry…

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