Business

14

Sep

By The Press Editor

Business

Textile stock below Rs 50 to be in focus as company’s banking services receive strong credit rating

Shares of garment and apparel manufacturer Vishal Fabrics Ltd. will be in focus when markets open on Tuesday as the company has shared significant information with the exchanges. In a filing on Saturday, the company said India Ratings and Research Private Limited rated its banking services as of September 11, 2026. Accordingly, the company's term loan of Rs 50 crore has been assigned an IND A-/Stable/IND A2+ rating. The rating for the second term loan of Rs 38.42 crore has also been retained at IND A-/Stable/IND A2+. Additionally, the company's fund-based working capital limit of Rs 200 crore and non-fund-based…

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13

Sep

By The Press Editor

Business

Indian Railways to run dozens of Diwali, Chhath special trains to UP, Bihar | Check full schedule

Indian Railways has announced major relief for passengers travelling home on the auspicious occasions of Dussehra, Diwali and Chhath Puja. To address the heavy rush and long waiting lists during the festive season, the Railways has released the full timetable of several major festival special trains operating from Delhi, Chandigarh, Mumbai and Varanasi towards Uttar Pradesh and Bihar.

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11

Sep

By The Press Editor

Business

NSE IPO GMP today, price band, lot size, allotment date, listing date and other details you need to know

The much-awaited initial public offering of the National Stock Exchange (NSE) is finally here as the exchange has officially announced the price band, subscription dates and other details. This comes nearly a decade after its plans to go public were stalled. The IPO will comprise an offer for sale (OFS) of up to 12.64 crore equity shares by existing shareholders, down from the 14.9 crore shares planned earlier. As a result, the overall issue size has come down from the initial estimate of around Rs 30,000 crore.  NSE IPO indicative price band The indicative price band for the IPO of the…

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11

Sep

By The Press Editor

Business

Nitin Gadkari launches OneTag to enable FASTag users change their issuer bank, know where to avail service

FASTag users can easily switch their issuer bank while retaining the existing NETC FASTag as Union Minister for Road Transport and Highways Nitin Gadkari has launched OneTag, a NETC FASTag portability solution. OneTag is a joint initiative by Indian Highways Management Company Limited (IHMCL), a company promoted by NHAI and National Payments Corporation of India (NPCI). Gadkari launched OneTag at the Global Fintech Fest (GFF) 2026. What is the advantage of OneTag? The biggest advantage of OneTag is that the same FASTag installed on the vehicle can be used even after changing banks. Previously, if a customer wanted to change…

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11

Sep

By The Press Editor

Business

Claim vehicle insurance or pay out-of-pocket? How to decide and save on your no-claim bonus

Motor insurance is meant to protect you from unexpected financial loss, but not every scratch, dent, or minor repair warrants an insurance claim. In some cases, paying for the repair yourself may actually leave you better off financially. Experts say one of the most important factors to consider before filing a claim is your No Claim Bonus (NCB). NCB is a reward insurers offer for every claim-free policy year, applied as a discount on your own-damage premium at renewal. "The discount typically starts at 20 per cent and can gradually increase to 50 per cent over successive claim-free years. NCB…

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11

Sep

By The Press Editor

Business

Sensex falls 121 points, Nifty settles below 23,400 after volatile session as metal and realty stocks drag

Benchmark indices Sensex and Nifty ended the week in the red amid a sharp spike in crude oil prices and concerns about a higher global rate environment, weighing on domestic equities. The 30-share BSE Sensex dropped 120.83 points or 0.16 per cent to settle at 74,781.76. During the day, the benchmark hit a high of 74,917.15 and a low of 74,160.16, gyrating 756.99 points. The 50-share NSE Nifty ended with a drop of 79.70 points or 0.34 per cent and closed the session at 23,398.10. However, the broader market ended the session mixed. While the BSE MidCap Select Index gained…

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11

Sep

By The Press Editor

Business

IT stock below Rs 50 surges 11% amid sell-off in broader market, outperforms sector by 1.79%

Shares of Kellton Tech Solutions Ltd, a small-cap IT company with a market cap of Rs 765.32 crore, are trading in the green amid a broader market sell-off. The counter opened in the red at Rs 13.36 against the previous close of Rs 13.53 on the BSE. However, it bounced back amid a surge in trading volume of more than 1.44 times and touched an intraday high of Rs 15.10, a gain of Rs 1.57, or 11.60 per cent, from the last closing price. Last seen, the stock traded at Rs 13.79, up 1.92 per cent. The stock gained after two…

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11

Sep

By The Press Editor

Business

Bank strike: Cash deposits, withdrawals affected in many banks, 7,000 branches in MP impacted

New Delhi: Because of the ongoing bank strike, several banking services such as cash deposits, withdrawals, cheque clearances, and administrative work were affected at branches of most public sector banks (PSBs) in the country. Moreover, 7,000 branches in Madhya Pradesh were affected, impacting daily business worth around Rs 5,500 crore. 8,707 bank branches joined the strike in MP In the wake of these developments, Madhya Pradesh Bank Employees Association chairman Mohankrishna Shukla told PTI that around 42,000 employees and officers from nearly 7,000 of the state's 8,707 bank branches joined the strike. He stated that bank employees of 12 public…

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11

Sep

By The Press Editor

Business

Raymond share price surges 20% to hit fresh 52-week high, company recently approved raising funds

Shares of Raymond Ltd surged nearly 20 per cent on Friday to hit a fresh 52-week high amid heavy volume in an otherwise weak market. The counter opened in the green at Rs 859.15 on the BSE, up from the previous close of Rs 853.50. Amid a spurt in trading volume, the stock gained nearly 20 per cent to hit a fresh 52-week high of Rs 1,024. The stock has a 52-week low of Rs 320.40, touched on March 30, 2026. Last seen, the stock was trading at Rs 985.50 with a gain of 15.47 per cent, and the market…

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11

Sep

By The Press Editor

Business

BRICS Business Forum: S Jaishankar calls for deeper economic cooperation among member states

The BRICS business forum is underway as part of the BRICS Summit 2026 being held in the national capital. Addressing the forum, External Affairs Minister S Jaishankar called for deeper economic cooperation among member states, focusing on resilient supply chains, trade facilitation, digital innovation, technology, energy security, and stronger partnerships between businesses. He also said the grouping has reached an important milestone, marking 20 years of institutionalised BRICS cooperation. The BRICS Summit comes against the backdrop of growing geopolitical tensions, economic uncertainty, pandemics and climate-related disruptions.  "We meet at a time when global political and economic order is under churn.…

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