Business

28

Jul

By The Press Editor

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Business

Gold price drops 1% on MCX, silver slides Rs 4,826 amid profit booking | Check city-wise rates

Mumbai: Rates of precious metals in futures dropped on Tuesday, July 28, 2026, amid profit booking as the dollar index remains above 101 ahead of the US Federal Reserve's monetary policy decision. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 710 or 0.49 per cent at Rs 1,42,353 per 10 grams against the previous close of Rs 1,43,063. It later fell to touch an intraday low of Rs 1,41,681, a drop of Rs 1,382 or 0.96 per cent. Last seen, it was trading at Rs 1,42,150 with a drop of Rs…

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28

Jul

By The Press Editor

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Business

Packaging stock below Rs 700 in focus as company’s Net profit jumps 14% YoY, check share price

Mumbai: Shares of Mold-Tek Packaging Limited, which is involved in the manufacturing of injection-moulded containers for lubes, paints, food and other products, are in focus as the company has released its April-June quarter results for the financial year 2026-27. The stock started the trading session in the green at Rs 699.95, with a gain of Rs 8.15 or 1.17 per cent from the previous close of Rs 691.80 on the BSE. However, the stock declined and touched the intraday low of Rs 644.35, representing a fall of Rs 47.45 or 6.85 per cent from the last closing price. Last seen,…

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28

Jul

By The Press Editor

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Business

Tata Power shares open in green post Q1 results, later drop over 1% amid profit booking

Mumbai: Shares of Tata Power started the trading session in the green even as benchmark indices Sensex and Nifty opened flat amid mixed global cues. The counter started the session at Rs 382.40, with a gain of Rs 5.15 or 1.36 per cent from the previous close of Rs 377.25 on the BSE. The positive start comes after the company posted a 11 per cent rise in its net profit. It gained further to touch the intraday high of Rs 383.60, but later fell amid profit booking and touched the intraday low of Rs 371.45, representing a fall of 1.53…

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28

Jul

By The Press Editor

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Business

28 July, 2026 Stock Market Updates: Sensex flat, Nifty below 24,000 amid mixed global cues

New Delhi: Sensex, Nifty Today: Indian equity benchmark indices, the Sensex and Nifty, opened flat on Tuesday, July 28, 2026, amid mixed global cues even as crude oil prices extended their decline to touch USD 86.89 per barrel on US-Iran peace talks. While the 30-share BSE Sensex dropped 4.03 points to start the session at 76,831.75, the Nifty dropped 24.7 points to open at 23,971.25. In the last trading session, the Sensex closed at 76,835.78 and the Nifty 50 at 23,995.95. Similarly, the broader indices traded in the green in the early trading session. While the BSE Midcap Select Index was…

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28

Jul

By The Press Editor

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Business

Big relief for vehicle owners likely as PUCC validity may triple to 3 years for BS-VI vehicles, details here

New Delhi: In what could come as major relief for millions of car and two-wheeler owners across the country, the Ministry of Road Transport and Highways (MoRTH) is working to bring a major change to the rules regarding the validity of the Pollution Under Control Certificate (PUCC). According to a draft notification issued by the government, it has proposed extending the validity period of the pollution certificate for BS-VI (BS6) private vehicles up to 6 years old to three years, instead of the current one year. With the implementation of this new rule, vehicle drivers will be relieved from visiting…

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27

Jul

By The Press Editor

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Business

Is real estate still one of India’s strongest long-term investment bets? Here’s what experts say

New Delhi: India’s real estate market has remained one of the country’s most reliable long-term investment avenues because it combines capital appreciation, recurring rental income and a natural hedge against inflation. According to experts, property continues to offer a tangible asset backed by real demand, growing incomes and structural urban expansion even at a time when global markets are unsettled. The foundation of this resilience is straightforward. India’s cities are expanding rapidly, household incomes are rising, and infrastructure spending is unlocking new corridors of growth.  Luxury housing remains a major driver of demand Policy reforms such as RERA and the…

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27

Jul

By The Press Editor

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Business

Zepto, Shiprocket among over a dozen firms gearing to launch their IPOs next month, full details here

Mumbai: The market has been highly volatile of late, but next month is expected to bring some cheer for investors as August is likely to witness an IPO rush with more than a dozen companies, including Zepto, Truhome Finance and logistics platform Shiprocket, gearing up to launch their initial share sale. The upcoming issues, expected to collectively raise over Rs 25,000 crore, include a mix of fresh equity issuances and offer-for-sale (OFS) components, merchant bankers said. "With markets stabilising and investor sentiment improving, companies that were waiting on the sidelines are now moving ahead with their IPO plans," said Bhavesh…

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27

Jul

By The Press Editor

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Business

Markets rebound after 5-day of loss, Sensex up 776 point, Nifty ends near 24,000

Mumbai: Benchmark indices Sensex and Nifty snapped a five-day losing streak as international crude oil prices fell more than 8.5 per cent to around USD 82 a barrel. The 30-share BSE Sensex closed 776.01 points or 1.02 per cent higher at 76,835.78. During the day, the benchmark hit a high of 76,901.51 and a low of 76,517.85, gyrating 383.66 points. The 50-share NSE Nifty was up by 228.50 points or 0.96 per cent and ended the session at 23,995.95. The broader market too ended the session in the green. While the BSE MidCap Select Index gained 298.40 points or 1.65…

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27

Jul

By The Press Editor

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Business

4 crore income tax returns filed so far, Finance Ministry urges taxpayers to beat July 31 deadline

New Delhi: The Income Tax Department announced on Monday that more than 40 crore income tax returns (ITRs) have been filed so far for the financial year 2025-26. The deadline for filing ITRs for the financial year 2025-26 (AY 2026-27) is July 31, 2026. The Income Tax Department of the Finance Ministry has appealed to taxpayers not to wait for the deadline to file their income tax returns and to file them as soon as possible. 1.7 crore ITRs filed till July 10 The Income Tax Department stated in a social media post on July 11 that 1.7 crore ITRs…

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27

Jul

By The Press Editor

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Business

This FMCG stock witnesses trend reversal on appointment of new directors to lead operational revival

Mumbai: Shares of diversified fast-moving consumer goods (FMCG) enterprise Elitecon International witnessed a trend reversal on Monday and gained after five days of consecutive falls as market benchmark indices Sensex and Nifty rebounded following a sharp decline in crude oil prices amid easing tensions in West Asia. The 30-share BSE Sensex jumped 566 points to 76,608.66, and the 50-share NSE Nifty surged 153.60 points to 23,923.30. The action in the stock also comes as the company has announced the appointment of executive additional directors to lead operational revival. According to the information shared, the decisions were approved at the board…

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