Business

11

Feb

By The Press Editor

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Business

FMCG stock surges 8% in volatile market ahead of quarterly results, check details

The stock's 14-day relative strength index (RSI) is 53.86. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of frozen meat exporter HMA Agro Industries gained nearly 8 per cent even as markets remained volatile. The action in the stock comes ahead of the scheduled meeting of the board of directors of the company on February 12, 2026, to consider and approve the financial results of the company for the quarter and nine months ended on December 2025. The stock started the trading session in green…

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11

Feb

By The Press Editor

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Business

Another top exit in 6 months at Akasa Air as co-founder Praveen Iyer resigns

Akasa Air Co-founder and CCO Praveen Iyer has resigned, becoming the second senior leader to exit the airline in four months. The airline confirmed he will assist with the transition until April 30, 2026. New Delhi: Akasa Air's co-founder and chief commercial officer (CCO) Praveen Iyer has resigned, marking the second high-level exit at the over three-year-old airline in four months. In a statement issued on Wednesday, the airline said that after a remarkable five-year journey, Iyer has decided to move on to begin the next chapter of his life. He will partner closely with the leadership team to ensure a smooth…

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11

Feb

By The Press Editor

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Business

UP presents Rs 9.12 lakh crore budget: How does it compare to Pakistan and can it match Indian state’s outlay?

Uttar Pradesh has unveiled a record Rs 9.12 lakh crore Budget for 2026–27, the largest in the state’s history. The outlay is 1.5 times bigger than Pakistan’s FY26 federal budget, with major allocations for capex, infrastructure, education, and health. Lucknow: Chief Minister Yogi Adityanath-led Uttar Pradesh government has presented a record Budget of Rs 9.12 lakh crore for the financial year 2026-27. The Budget, tabled by Finance Minister Suresh Kumar Khanna in the state Assembly, is the largest in the state's history and is being seen as the last full Budget ahead of the Assembly elections scheduled early next year.…

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11

Feb

By The Press Editor

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Business

Stock under Rs 50 ended in green even as markets closed flat after volatile trade, check details

The company, in an exchange filing, said that it has received a Letter of Acceptance (LoA) from the Howrah Division of the Eastern Railway Zone of the Indian Railways. Mumbai: MIC Electronics Ltd., a manufacturer of railway signalling systems and LED displays, today announced another major order from the Indian Railways. Following this update, the stock ended the trading session in the green even as stock markets ended the session flat after volatile trade. While Sensex dropped 40.28 points to settle at 84,233.64, the Nifty gained 18.70 to close at 25,953.85. Earlier, the counter started the trading session in the…

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11

Feb

By The Press Editor

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Business

Rs 86 crore warrant conversion: This FMCG stock closes volatile session in green

The action in the stock comes as the company has officially completed the conversion of all outstanding warrants into equity shares, raising approximately Rs 86.83 crore. Mumbai: Shares of rice exporter GRM Overseas Ltd ended in green even as benchmark stock indices Sensex and Nifty closed on a flat note in a choppy session on Wednesday. The stock opened in the green at Rs 162 on the BSE, up from the previous close of Rs 161.30. During the day, it touched a high of 164.90 and a low of Rs 161.30. The scrip ended the trading session at Rs 162.90…

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11

Feb

By The Press Editor

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Business

Education sector stock recovers from day’s low even as markets remain volatile, check details here

According to the BSE Analytics, the stock has delivered a return of 1216.30 per cent in five years and 177.87 per cent in three years. However, the stock has corrected 7.78 per cent on a year-to-date (YTD) basis, as against the dip of 1.14 per cent in the benchmark index. Mumbai: Shares of Shanti Educational Initiatives are in focus as the company has announced its financial results for the October-December quarter of the FY26. The stock opened gap down with a loss of 2.58 per cent at Rs 172 against the previous close of Rs 176.55 on the BSE.…

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11

Feb

By The Press Editor

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Business

Bharat Bandh tomorrow: Are banks open or closed on February 12? Check full details here

Bank of Baroda and some other lenders have issued statements saying that they will try to keep services running smoothly, but customers may experience delays in cash withdrawals or check clearing. New Delhi: Several trade unions have called for a 'Bharat-Bandh' on February 12. The bandh has been organised in response to the Centre’s labour reforms and broader economic policies. They argue that the recently introduced four labour codes weaken worker protections and reduce job security. Union representatives claim the changes give employers greater flexibility in hiring and dismissing employees, while diluting safeguards that previously protected workers’ rights. Several bank…

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11

Feb

By The Press Editor

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Business

UP Budget 2026-27: Fiscal deficit capped at 3%, check 10 key highlights

Skill development and job placement centres will be established in various districts under the public-private partnership (PPP) mode. Separate centres will be set up for women to increase their participation in the workforce. Lucknow: Uttar Pradesh Finance Minister Suresh Khanna on Wednesday presented the Budget 2026-27 in the Legislative Assembly, highlighting what he described as "all-round development" achieved during the previous and current tenures of the Yogi Adityanath government. Stressing that the state government is always fully committed to fiscal management and debt control, Khanna said the capital expenditure in this Budget is 19.5 per cent. 1. Budget size: The…

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11

Feb

By The Press Editor

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Business

Rs 110 dividend: From Procter & Gamble Health to Gateway Distriparks, these stocks to trade ex-date soon

Among the companies that have announced dividends are Gateway Distriparks, Goldiam International, Procter & Gamble Health, POWERGRID Infrastructure Investment, Repco Home Finance and others. Mumbai: Indian equity benchmark indices ended the last trading session with modest gains amid a lack of strong directional momentum. The Sensex closed higher by 208.17 points at 84,273.92, while the Nifty 50 added 67.85 points to settle at 25,935.15. Amid this, investors are always on the lookout for stocks that can help them earn some additional profit from their investment. There are several companies that announce dividend payout for their shareholders on a regular basis.…

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11

Feb

By The Press Editor

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Business

UP Budget 2026 Live Updates: Finance Minister tables budget with total outlay of Rs 9.12 lakh crore

Finance Minister Suresh Kumar Khanna has presented the Budget in the Assembly. According to the Finance Minister, MoUs worth approximately Rs 50 lakh crore have been signed, potentially creating approximately 1 million jobs. Lucknow: Finance Minister Suresh Kumar Khanna on Wednesday presented the Budget 2026-27 in the Uttar Pradesh Assembly. While presenting the Budget, Khanna said that the per capita income is projected to reach Rs 1,20,000 in 2025-2026. He said that the government has succeeded in lifting approximately 60 million people out of multidimensional poverty in the state, and the unemployment rate has fallen to 2.24 per cent. "During the previous…

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