Business

20

Jan

By The Press Editor

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Business

Defence firm Apollo Micro Systems to invest Rs 300 crore on facility expansion, check share price

The stock has delivered a multibagger return of 1576.86 per cent in five years and 536.99 per cent in three years. However, it has corrected 16.46 per cent on a year-to-date (YTD) basis. Mumbai: Shares of Hyderabad-based Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, are in focus as the company has shared an expansion plan with the exchanges. In a regulatory filing, the company said that it has been allotted land at TSIIC, Hardware Park Phase II, Hyderabad, to undertake the expansion exercise. According to the information available, the company will be…

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20

Jan

By The Press Editor

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Business

NSE SME listed company in focus as board approves Rs 500 crore investment in subsidiary

The stock's 14-day relative strength index (RSI) is 40.83. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of consumer electronics and lifestyle technology company Cellecor Gadgets are in focus today as the company has informed exchanges that its board of directors has approved the investment in its subsidiary. Amid this, the stock opened in the red at Rs 27.35 against the previous close of Rs 27.45. Later, it touched the intraday high and low of Rs 27.35 and Rs 26.50, respectively. Today's low is just …

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20

Jan

By The Press Editor

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Business

SBI-Life owned NBFC in focus on partial redemption of non-convertible debentures, check details

Stock has been falling for the last four days and has fallen 5.85 per cent in the period. Technically, the stock trades lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Mumbai: Shares of SBI Life-owned NBFC, Paisalo Digital, are in focus on Tuesday, January 20, 2026, after the company informed exchanges of the partial redemption of non-convertible debentures (NCDs). The stock opened in the red at Rs 33.47, down from its previous close of Rs 33.53 on the BSE. It fell further amid selling pressure to touch the low of Rs 32.68. Last seen, the stock was…

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20

Jan

By The Press Editor

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Business

Silver price at new record high, gold continues bull run on MCX | Check city-wise rates

MCX Silver Price, MCX Gold Price: In the international market, the COMEX gold price was up by 2.01 per cent to approximately USD 4,687.7 per troy ounce. The spot gold price at 10 am was USD 4,685.57 per ounce, up by USD 89.33 or 1.94 per cent. Mumbai: Rates of precious metals in futures trade continued to surge on Tuesday, January 20, 2026, amid geopolitical tensions. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 136 at Rs 1,45,775 per 10 grams against the previous close of Rs 1,45,639. It gained further…

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20

Jan

By The Press Editor

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Business

Market Opening Bell: Sensex opens in red, Nifty above 25,550 amid persistent selling by FIIs

Sensex, Nifty Today: In early trade, market breadth was negative, with 821 stocks advancing against 1,336 stocks declining on the NSE. 155 stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the red on Tuesday, January 20, 2026, amid persistent selling by Foreign Institutional Investors (FIIs). While the 30-share BSE Sensex shed 38.8 points to start the session at 83,207.3,8 the Nifty fell 5.2 points to open at 25,580.30. In the last trading session, the Sensex closed at 83,246.18 and the Nifty 50 at 25,585.50. Similarly, the broader indices traded in the red in the…

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19

Jan

By The Press Editor

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Business

1018% return in 5 years: Smallcap stock in focus as firm issues assurance for Rs 5 crore subsidiary loan

Technically, the trades higher than the 100 day and 200 day moving averages but lower than the 5-day, 20-day and 50-day moving averages. Mumbai: Shares of Ahmedabad-based education services provider Shanti Educational Initiatives Ltd (SEIL) are in focus as the company has issued a “letter of comfort” to ICICI Bank for a nearly Rs 5 crore loan undertaken by a subsidiary, according to an exchange filing. “The Letter of Comfort has been issued to the ICICI Bank Limited, in favour of Uniformverse Private Limited, Subsidiary Company,” SEIL informed the stock exchanges through its filing. Meanwhile, the stock started the trading…

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19

Jan

By The Press Editor

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Business

Budget 2026: Big relief for crypto investors ahead? Will the 30% tax be cut or will digital rupee take over?

Prior to the Union Budget 2026, the demand for the crypto industry is clear. Exchanges and Web3 companies seek the 1 per cent TDS to be reduced to 0.01 per cent. New Delhi: With the Union Budget 2026 around the corner, Indian cryptocurrency investors are eagerly waiting for any potential change in the realm of the digital asset industry in the country. As the sector has been facing heavy taxes and stringent regulations in recent years, it is now hopeful to witness some significant changes this time.  The crucial question the crypto industry wants answered is: will Budget 2026 bring…

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19

Jan

By The Press Editor

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Business

Union Budget 2026: Tax slabs set for a big shake-up or higher exemption limit ahead? All eyes on FM Nirmala Sitharaman

In the Union Budget 2025, the government offered a huge relief to the middle class by announcing that income up to Rs 12 lakh per annum would be tax-free under the new tax regime. New Delhi: With the Union Budget 2026 slated to be presented by Finance Minister Nirmala Sitharaman in Parliament on February 1st, taxpayers are grappling with excitement regarding any potential change in the tax slabs. Millions of salaried and middle-class taxpayers across the country will be on their toes to know any change in the tax slabs.  Govt's focus on new tax regime In previous years, the…

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19

Jan

By The Press Editor

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Business

International Monetary Fund raises India’s FY26 growth forecast to 7.3% despite global tariff uncertainty

For calendar years 2026 and 2027, the International Monetary Fund forecast growth of 6.3 per cent and 6.5 per cent, respectively. New Delhi: Despite global uncertainties and tariff tensions, the International Monetary Fund (IMF) has raised its growth forecast for India’s economy in fiscal year 2026 by 0.7 percentage points to 7.3 per cent. The IMF estimates India's economy to grow by 7.3 per cent in 2025, followed by 6.4 per cent in both 2026 and 2027, significantly outperforming global and advanced economy averages. "In India, growth is revised upward by 0.7 percentage points to 7.3 per cent for 2025, reflecting…

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19

Jan

By The Press Editor

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Business

Chemical stock below Rs 50 in focus as company allots 50 lakh equity shares, check details here

The stock's 14-day relative strength index (RSI) is 36.52. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of Fineotex Chemical Ltd, which manufactures speciality chemicals, are on investors' radar as the company has informed exchanges about the allotment of 50,00,000 equity shares pursuant to the exercise of warrants allotted on a preferential basis. Amid this, the stock started the trading session in the green even as equity benchmark indices Sensex and Nifty declined in early trade, dragged by blue-chips Reliance Industries and ICICI Bank and…

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