Business

16

Oct

By The Press Editor

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Business

Good news for train passengers: Indian Railways to provide blanket covers on this route – Details

Union Railway Minister Ashwini Vaishnaw said that blanket covers will be provided to all AC class passengers of the Jaipur-Asarwa Express. New Delhi: Railway Minister Ashwini Vaishnaw on Thursday said that all AC class passengers will get blanket cover. The facility has been launched as a pilot project from Jaipur and aims to provide greater comfort to passengers during their journey. The development comes as railway passengers have been continuously complaining about the cleanliness of the blankets for a long time.  "Today, a new initiative has been started in the railways, which is an attempt to bring a major change…

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16

Oct

By The Press Editor

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Business

This BSE smallcap company announces quarterly results, check net profit, revenue and other details

The stock opened in green today at Rs 57.01 on the BSE against the previous close of Rs 56.01. The scrip gained further to touch the high of Rs 57.60. In between, it touched the low of Rs 55.52. Mumbai: Hyderabad-headquartered MIC Electronics Limited (MICEL) on Thursday announced financial results for the second quarter of the financial year 2025-26. According to the information shared, the net profit of MIC Electronics increased by 1.88 per cent to Rs 2.17 crore in the quarter ended September 2025, compared to Rs 2.13 crore during the same quarter in the previous year. Sales of…

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16

Oct

By The Press Editor

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Business

BSE smallcap telecom stock extends gain for third consecutive session, gains 10% today

Stock has been gaining for the last three days and has risen 13.66 per cent in the period. Technically, the stock trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Mumbai: Shares of Salasar Techno Engineering Limited (STEL), a steel structural manufacturer and EPC (engineering, procurement and construction) infrastructure company, catering to telecom, energy and railways sectors, continued an upward trend for the third consecutive session on Thursday, October 16, 2025. Today's rally comes as equity benchmark indices Sensex and Nifty surged in early trade, tracking a rally in global markets amid US Fed rate cut hopes.…

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16

Oct

By The Press Editor

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Business

IPO Listings Today: Rubicon Research shares list at 27% premium, positive debut for Canara Robeco

Canara Robeco AMC, Rubicon Research IPO Listing LIVE: The initial public offer of pharmaceutical company Rubicon Research received good response from investors and garnered 103.90 times subscription on the closing day of bidding on Monday. Mumbai: Canara Robeco AMC, Rubicon Research IPO Listing LIVE: Shares of Rubicon Research and Canara Robeco Asset Management Company made a positive debut on bourses on Thursday, October 16, 2025. The shares of these companies got listed on both the BSE and the National Stock Exchange (NSE). Ahead of the IPO, Rubicon Research had mobilised Rs 619 crore from anchor investors. On the other hand,…

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16

Oct

By The Press Editor

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Business

Market Opening Bell: Sensex gains 189 points, Nifty above 25,300, Axis Bank among top gainers

Sensex, Nifty Today: In early trade, 2064 stocks in the Nifty pack were trading in the green, while 570 were trading in the red. Seventy-five stocks remained unchanged. Mumbai: The Indian equity benchmark indices, the Sensex and Nifty, opened in the green on Wednesday, October 15, 2025, amid positive global cues. While the 30-share BSE Sensex jumped 189.36 points to start the session at 82,794.79, the Nifty added 71.35 points to open at 25,394.90. In the last trading session, the Sensex closed at 82,605.43 and the Nifty 50 at 25,323.55. Similarly, the broader indices traded in the green in the…

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15

Oct

By The Press Editor

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Business

This LIC-backed NBFC stock surges over 6% as company allots commercial papers – Do yo own?

The company recently announced that certain Non-Convertible Debentures (NCDs), i.e., debentures that cannot be converted into shares, had been redeemed in full on schedule. Mumbai: Shares of Life Insurance Corporation of India (LIC)-backed non-banking finance company (NBFC), Paisalo Digital, surged over 6 per cent today, a day after the company informed exchanges that its operations and finance committees of the board of directors have allotted 700 commercial papers having a face value of Rs 5,00,000 each and an issue price of Rs 481,822.50 per unit. According to the information shared, the company has raised a total of Rs 33,72,75,750 through this…

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15

Oct

By The Press Editor

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Business

This NSE-listed stock gains as company expands global footprint – Check details here

Stock In Focus: The purpose of the subsidiary is to manage, monitor and invest in the company's other subsidiaries and related entities. Mumbai: Shares of One Point One Solutions Limited, a small-cap company which is into Business Process Management (BPM) and digital transformation services, are in focus as the company has informed exchanges that it has received approval to register its wholly-owned subsidiary, "One Point One Mena Holdings Ltd.", with the Dubai International Financial Centre (DIFC). According to the filing, this move will help the company expand its presence in the global market. According to the exchange filing, One Point…

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15

Oct

By The Press Editor

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Business

Firecracker insurance at just Rs 11: Here’s how to buy it under a minute – Step-by-step guide

As the upcoming festive season is the peak, PhonePe has reintroduced the firecracker insurance plan at a nominal fee of Rs 11 (inclusive of GST). New Delhi: The celebration of Diwali, also called the festival of lights, is immensely important for Indians across various faiths. We light earthen lamps as a symbol of the triumph of light over darkness and good over evil. Illuminating lamps are also traditionally seen as a way to welcome the goddess Lakshmi into homes. Over the years, firecrackers have become an integral part of the Diwali celebrations. However, one needs to be very careful while handling and…

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15

Oct

By The Press Editor

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Business

ULIPs vs Mutual Funds: Which is better for wealth creation? Here’s how much you will save in 20 years

While mutual funds are purely investment products, ULIPs are a hybrid product that offers the dual benefit of investment and life insurance. New Delhi: Both ULIPs (Unit Linked Insurance Plans) and Mutual Funds are popular investment avenues, but their core purpose and structure are quite different. Historically, ULIPs were often seen as a less attractive investment option compared to other market-linked instruments, such as mutual funds, because of their high cost structure. However, regulatory reforms by IRDAI, coupled with digital-first, online products, have transformed them into cost-efficient and transparent products. ULIPs vs Mutual Funds While mutual funds are purely investment…

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15

Oct

By The Press Editor

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Business

CGHS Scheme Rule Change: Here’s how these changes will impact central government employees, pensioners

The implementation of the new rates will increase the likelihood of hospitals participating more frequently under the CGHS. New Delhi: A historic change in the pricing structure of the Central Government Health Scheme (CGHS) was officially implemented on October 13, 2025. This change introduces new rates for nearly 2,000 medical procedures at CGHS-registered hospitals. While the scheme provides cashless treatment to central government employees, pensioners, and their dependents, the old rates have been a point of contention between hospitals and the government for many years. According to a CNBC TV18 report, many hospitals have either delayed or refused to treat CGHS…

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