Business

23

Oct

By The Press Editor

Business

Markets extend losing streak, Sensex falls 125 points, Nifty ends at 22,600

Benchmark indices Sensex and Nifty extended losses on Friday as an overnight fall in US benchmarks cautioned local investors, with a renewed surge in crude oil prices and a decline in the rupee fuelling broad-based selling pressure. The 30-share BSE Sensex fell 125.56 points, or 0.17 per cent, to 73,123.83. During the day, the benchmark hit a high of 72,452.37 and a low of 72,452.37, gyrating 1,314.14 points. Similarly, the 50-share NSE Nifty fell 87.65 points or 0.39 per cent to close at 22,600. The broader market also ended the session in the red. The BSE MidCap Select Index fell 346.39…

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23

Oct

By The Press Editor

Business

Driving license rules may change, MoRTH proposes separate colour-coded DLs for Indian, foreigners

The central government plans to change the rules governing driving licenses. The Ministry of Road Transport and Highways (MoRTH) has issued a draft notification regarding this. It proposes issuing different-coloured driving licenses for Indian and foreign citizens. It may also tighten the requirement to pass an online assessment to obtain a license. However, these are still proposals, and the ministry will need to issue final rules before implementation. Different colours for DLs for Indians and foreigners According to the ministry's proposal, the driving licence may indicate the holder's nationality. To do this, it is proposed to adopt different colour schemes…

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23

Oct

By The Press Editor

Business

IT company secures centralised digital engineering engagement with Middle East airline, stock in focus

Shares of technology and consulting company Kellton Tech Solutions Ltd. are on investors' radar today after the company provided significant information in its latest exchange filing. In a filing today, the company announced it has been awarded the contract to assume full responsibility for a centralised engineering function for a major Middle Eastern airline. Under the agreement, it will help strengthen the airline's web and mobile platforms and improve its digital systems. Amid this, the stock began the trading session in the red at Rs 11.27, down from the previous close of Rs 11.31 on the BSE. Amid a surge…

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23

Oct

By The Press Editor

Business

Jio Platforms IPO GMP today: Issue subscribed over 6 times on day 3, check allotment date, other details

Investors are showing tremendous enthusiasm for Jio Platforms' public issue, the country's largest IPO. The company's Rs 30,213 crore IPO is also receiving strong bids on the third day. Institutional investors have shown the strongest interest in the issue. By 10 am on October 23, the IPO had received more than six times its total subscription. According to data from the National Stock Exchange (NSE), the Jio Platforms IPO was subscribed 6.03 times as of 10 am on the third day. Investors placed bids for over 1.19 billion shares, compared to the approximately 197.5 million shares on offer. This indicates…

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23

Oct

By The Press Editor

Business

Gold continues to fall on MCX, silver near Rs 1.95 lakh per kg on MCX, check city-wise rates

Rates of precious metals in futures continued their downward momentum on Friday, October 23, 2026, as rising crude oil prices kept bullion markets under pressure. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 1,251 at Rs 1,42,058 per 10 grams against the previous close of Rs 1,43,309. It fell further to touch the intraday low of Rs 1,41,806, a drop of Rs 1,503 or 1.04 per cent. Last seen, it was trading at Rs 1,41,894 with a drop of Rs 1,415 or 0.99 per cent.  On the MCX, the yellow metal futures…

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23

Oct

By The Press Editor

Business

23 October, 2026 Stock Market Updates: Sensex jumps 416 points, Nifty near 22,750, IT stocks rally

Indian equity benchmark indices, the Sensex and Nifty, started the session on a positive note even as global sentiment remains weak amid a rise in Brent crude, a major negative for the economy and markets. Meanwhile, precious metal prices extended their decline on Thursday, with gold slipping to a three-month low and silver plunging nearly 50 per cent from its record high levels at the beginning of this year. While the 30-share BSE Sensex jumped 416.25 points or 0.57 per cent to start the session at 73,665.64, the Nifty added 54.55 points to open at 22,742.20. In the last trading…

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22

Oct

By The Press Editor

Business

Diwali, Chhath Puja rush: Indian Railways to add extra AC coaches to 10 special trains for UP, Bihar | Check list

New Delhi: Indian Railways has announced relief for passengers planning to travel home during major festivals such as Diwali and Chhath Puja. In view of the surge in passenger demand, Northern Railway and other railway zones have decided to add extra AC coaches to 10 special trains operating on key routes to accommodate more passengers and improve the chances of getting confirmed tickets. Heavy crowds and long waiting lists are common during the festive season, often making it difficult for passengers to secure confirmed reservations. The addition of extra AC coaches is expected to increase seat availability and ease travel…

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22

Oct

By The Press Editor

Business

GST reforms from November 1: Simplified e-commerce registration, faster refunds for small sellers

New Delhi: Businesses and small online sellers could soon find it easier to comply with Goods and Services Tax (GST) requirements, with a fresh set of process reforms expected to take effect from November 1, 2026. The proposed changes include simpler GST registration for small sellers operating through e-commerce platforms, quicker processing of refunds, standardised documentation and a minimum threshold of Rs 10,000 for issuing show-cause notices. An official said on Thursday that the measures approved by the 57th GST Council meeting on October 8 would be introduced in phases. Reforms that can be implemented through administrative measures are expected…

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22

Oct

By The Press Editor

Business

Jio IPO subscribed over 5 times on day 2, QIB category leads demand with 12X subscription

The mega initial public offering (IPO) of Jio Platforms Limited has received a strong investor response and was subscribed over 5 times on day 2 of the subscription window. The three-day subscription window for the offering will close on October 23, 2026. The IPO was subscribed 5.17 times at the time of writing, with investors bidding for 102.03 crore shares against 19.75 crore shares on offer. Similarly, the portion reserved for qualified institutional buyers was subscribed around 12.31 times, with bids for 60,30,41,796 shares against 4,90,07,827 shares on offer.  Demand from non-institutional investors reached 5.43 times the shares reserved for…

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22

Oct

By The Press Editor

Business

Delhi-Katra Expressway: Pathankot–Dayalachak stretch set to open by Dec, to reduce travel time to 25-30 minutes

In a major development for regional infrastructure and inter-state travel, Union Minister Dr Jitendra Singh said the nearly 40-kilometre Pathankot–Dayalachak stretch of the Delhi–Amritsar–Katra Expressway is expected to open to commuters by December. The minister said that it will be a major boost to connectivity in the region and will reduce the travel time to 25-30 minutes. "...bypassing the Lakhanpur toll plaza and reducing travel time from 50–70 minutes to just 25–30 minutes...A significant step towards providing ‘ease of travel’," Singh said in a post on X.  Delhi–Amritsar–Katra Expressway Delhi–Amritsar–Katra Expressway is one of India’s key infrastructure projects. It is…

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