Business

28

Aug

By The Press Editor

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Business

10-hour workday? This state may increase working hours for private sector staff | All you need to know

The labour department is working on five significant changes in the Maharashtra Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2017. Mumbai: Amid debate over work-life balance following remarks by some industry leaders, the Maharashtra Government is considering a proposal that could impact the daily work routine of private sector employees. According to Labour Minister Akash Fundkar, the state government is considering increasing the maximum daily working hours for private sector employees from the present nine to 10 hours a day. According to reports, the state labour department presented the proposal to the state Cabinet during its…

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28

Aug

By The Press Editor

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Business

Big boost for Ghaziabad-Delhi commuters as Hapur Chungi Flyover gets longer | Details inside

Since the length of the flyover has been increased, the escalation in the cost is being analysed, which can increase by an approximate figure of Rs 25 to Rs 30 crores. New Delhi: In what comes as good news for daily commuters who travel between Uttar Pradesh’s Hapur district and New Delhi, they are slated to get a relief from frequent traffic jams as the length of the already approved flyover on the Delhi to Hapur stretch has now been increased. It implies that the four-lane flyover, which was earlier proposed to be of 800 meters, will not be expanded…

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28

Aug

By The Press Editor

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Business

India may emerge as world’s second-largest economy by 2038 despite US tariffs: Report

The report also said that with appropriate countermeasures, India can limit the adverse impact of higher US tariffs on selected Indian imports to about 10 basis points of real GDP growth. New Delhi: India is emerging as one of the most dynamic among the world’s five largest economies and has the potential to become the second-largest economy by 2038, with a USD 34.2 trillion GDP (Gross Domestic Product), despite global uncertainties and higher tariffs from the United States, according to an EY report. It said that India’s economy could reach USD 20.7 trillion in terms of purchasing power parity (PPP)…

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28

Aug

By The Press Editor

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Business

749% return in 3 years: This BSE smallcap stock surges 5% amid market sell-off – Do you own?

According to BSE Analytics, the counter has delivered a whopping 8,600 per cent return in five years and 749 per cent in three years. While it has gained 46 per cent in two years, the stock has corrected 30 per cent in one year. Mumbai: On a day when the benchmark indices experienced a decline amid the implementation of an additional 25 per cent tariff on domestic imports by US President Donald Trump, shares of this BSE-listed smallcap company surged almost 5 per cent. The stock under discussion is Mercury EV-Tech, which has a market capitalisation of Rs 975.13 crore.…

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28

Aug

By The Press Editor

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Business

Gold, Silver Rates Today (August 28): Gold drops on MCX amid Trump tariffs, silver continues to shine | City-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price remained almost unchanged, trading at around USD 3,448.7 per troy ounce. The spot gold price at 11:30 am was USD 3,390.39 per ounce, down by 0.18 per cent. Mumbai: The gold price on MCX fell in the opening session on Thursday, August 28, 2025, amid US President Donald Trump's additional 25 per cent tax on imports of Indian goods. Moreover, investors have booked profits after a recent rally in the precious metal. The gold October 3 contract on the Multi Commodity Exchange (MCX) opened with a…

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28

Aug

By The Press Editor

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Business

RVNL Share Price: PSU stock gains despite selloff in stock market – Here’s why

RVNL Share Price Today: The 52-week high of the PSU stock is Rs 619.40, and the 52-week low is Rs 295.25. The market cap of the company is Rs 66,230 crore. Mumbai: Shares of Rail Vikas Nigam Ltd (RVNL), a Navratna Central Public Sector Enterprise (CPSE), gained on Thursday, August 28, 2025, even as the benchmark index declined sharply in the early trade amid an additional 25 per cent tariff imposed by US President Donald Trump on India coming into effect from August 27, 2025. While the 30-share BSE Sensex tanked nearly 693 points or 0.86 per cent to touch…

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28

Aug

By The Press Editor

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Business

Nifty 50, Sensex: Trump tariffs, FII selling among key reasons behind market decline

Nifty 50, Sensex Today on August 28, 2025: After a weak opening, Sensex shed 640 points and Nifty 50 fell 132.3 points to trade below 24,600. Mumbai: Benchmark indices Nifty and Sensex opened the session lower on Thursday, August 28, 2025, a day after remaining shut on account of Ganesh Chaturthi. The BSE Sensex dropped nearly 693 points or 0.86 per cent to touch 80,093.52 in early trade. The Nifty 50 fell 132.3 points to trade below 24,600. Among Nifty sectoral indices, IT and bank stocks were the biggest drags. Similarly, the broader indices also traded in the red, with…

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27

Aug

By The Press Editor

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Business

Hospitals to stop cashless treatment for Bajaj Allianz customers from September 1 – Here’s why

Expressing surprise over AHPI's decision, Bajaj Allianz General Insurance Company said it is working with the association to arrive at a solution that is in the best interests of customers. New Delhi: Several hospitals are likely to stop providing cashless treatment facilities for policyholders of Bajaj Allianz General Insurance Company, with effect from September 1, 2025. This is because the Association of Healthcare Providers - India (AHPI), representing hospitals and healthcare institutions across the country, has advised its members for this following repeated complaints from hospitals that Bajaj Allianz has refused to revise hospital reimbursement rates in line with rising…

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27

Aug

By The Press Editor

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Business

Promoter of this LIC-backed NBFC purchases 16.36 lakh shares via open market – Check details

The counter ended the trading session in green on Tuesday despite widespread selling. The stock gained 0.20 per cent, amid a spurt in volume by more than 1.05 times. Mumbai: Shares of LIC-backed non-banking financial company (NBFC) Paisalo Digital are expected to be in focus on when stock markets opens on Thursday, August 28, 2025 as the company has informed exchanges that Equilibrated Venture Cflow Private Limited, a Delhi-based venture capital fund and promoter of the firm, has acquired an additional stake in the company. According to the information available, Equilibrated Venture has bought more than 16.36 lakh equity shares…

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27

Aug

By The Press Editor

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Business

New Income Tax Bill 2025: Changes and how they impact taxpayers – Find out here

While not part of the final revised Bill, earlier drafts had proposed granting tax authorities powerful access to taxpayers’ digital footprints—emails, trading accounts, social media—to aid compliance. New Delhi: India is on the cusp of a landmark tax reform wave. The Income-Tax (No. 2) Bill, 2025, passed by the Lok Sabha on August 11, 2025, builds on the earlier draft introduced in February. Following an in-depth review by a Parliamentary Select Committee, nearly all of the 285 recommendations - 32 deemed major - have been incorporated into the revised legislation. This comprehensive rewrite aims to modernise and simplify the six-decades-old…

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