Business

06

Mar

By The Press Editor

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Business

Mazdock share price: Defence stock gains as company issues clarification on Rs 99,000 crore deal

Mumbai: Shares of India's biggest warship builder, Mazagon Dock Shipbuilders Ltd, are in action even as stock market benchmark indices Sensex and Nifty tumbled in early trade on Friday after a day's breather. The stock opened gap up with a gain of 2 per cent at Rs 2,398.95 against the previous close of Rs 2,351.95 on the BSE. The scrip gained further to touch the high of Rs 2,559, representing a gain of 8.8 per cent. On the National Stock Exchange (NSE), the stock opened at Rs 2,383.30, up from the previous close of Rs 2,352.50, and touched an intraday…

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06

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex falls 350 points, Nifty below 25,700 amid weak global cues after spike in oil price

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, fell on Friday, March 6, 2026, amid weak global cues as the price of oil spiked to its highest level since the summer of 2024. While the 30-share BSE Sensex dipped 356.91 points to start the session at 79,658.99, the Nifty shed 109.5 points to open at 24,656.40. In the last trading session, the Sensex closed at 80,015.90 and the Nifty 50 at 24,765.90. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index fell 39.21 points, or 0.24 per cent, in the…

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06

Mar

By The Press Editor

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Business

SBICARD Dividend 2026: NBFC stock to trade ex-date soon, check amount and other details

Mumbai: A day after bouncing back, Indian equity benchmark indices are likely to begin the session on Friday on a cautious note, mirroring weakness in US equities and subdued sentiment across Asian markets following a spike in oil prices. Snapping its four-day decline, the 30-share BSE Sensex surged 899.71 points or 1.14 per cent to settle at 80,015.90, and the 50-share NSE Nifty climbed 285.40 points or 1.17 per cent to end at 24,765.90. Amid this volatility, investors are always on the lookout for stocks that can deliver additional profit on their investments. Dividend stocks offer regular income to investors,…

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05

Mar

By The Press Editor

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Business

India, Finland sign landmark migration and mobility pact

New Delhi: India and Finland today signed a comprehensive migration and mobility agreement to connect the innovation ecosystems of both countries. Addressing a joint press briefing with President of Finland, Alexander Stubb. Prime Minister Narendra Modi said that Finland is becoming a preferred destination for Indian students and talent. He further emphasised that the partnership would extend into the entrepreneurial space.  "With this, we are also going to further strengthen joint research and startup collaboration," the Prime Minister added.  Acknowledging Finland's global standing in the academic sector, PM Modi described the country as a "role model in the field of…

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05

Mar

By The Press Editor

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Business

No shortage of LPG, LNG, India looking for alternative markets to buy gas: Govt sources

New Delhi: Australia and Canada have offered to sell gas to India as the country looks for other alternative energy sources amid the escalating West Asia conflict, government sources said on Thursday. The government is scouting for alternative markets to buy gas, as India currently imports 195 million metric standard cubic metres per day (mmscmd) of gas, of which Qatar supplies 60 million mmscmd. India is in talks with major oil producers and traders to buy crude and LPG. Sources said the government is in discussions with the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries…

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05

Mar

By The Press Editor

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Business

NHAI-backed Raajmarg Infra Investment Trust’s Rs 6,000 crore IPO to open on March 11: Check price band and other details

Mumbai: State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) has fixed the price band for its initial public offering (IPO). According to the information available, the price band has been fixed in the range of Rs 99 to Rs 100 per unit for its upcoming Rs 6,000-crore Initial Public Offering (IPO). However, the issue size was planned at around Rs 5,700 at the time of filing draft papers in January. For the uninitiated, the National Highways Authority of India (NHAI) incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment manager for the Raajmarg Infra Investment Trust. Raajmarg Infra Investment…

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05

Mar

By The Press Editor

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Business

Setback for Trump: US judge rules companies entitled to refunds for tariffs

Washington: In a setback for the Trump administration, a federal judge in New York ruled on Wednesday that companies that paid tariffs struck down last month by the Supreme Court are entitled to refunds. Judge Richard Eaton of the US Court of International Trade stated that “all importers of record” are “entitled to benefit” from the Supreme Court ruling that invalidated sweeping double-digit import taxes imposed by President Donald Trump last year under the 1977 International Emergency Economic Powers Act (IEEPA). Supreme Court Declared Tariffs Unconstitutional The Supreme Court ruled that the tariffs were unconstitutional under the emergency powers law.…

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05

Mar

By The Press Editor

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Business

Upper circuit alert: Stock under Rs 100 surges 5% amid heavy trading volume, check details

Mumbai: Shares of Elitecon International Ltd., a cigarette and tobacco product manufacturer, hit the 5 per cent upper circuit on Thursday as stock market benchmark indices Sensex and Nifty bounced back. The stock opened gap up with a gain of 2.42 per cent at Rs 53.80 against the previous close of Rs 52.53 on the BSE. It jumped further to Rs 55.15, to lock in 5 per cent upper circuit. The market cap of the company stood at Rs 8,815.73 crore. The action in the stock comes amid heavy trading activity. According to data available on the BSE, 6,30,444 equity…

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05

Mar

By The Press Editor

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Business

23% YTD return: Logistics stock jumps over 4% as markets bounce back amid positive global cues

Mumbai: Shares of Sindhu Trade Links Ltd, a smallcap company in the logistics sector with a market capitalisation of Rs 3,760.76 crore, witnessed a strong rise on Thursday as markets bounced back amid positive global cues, after facing heavy losses in the past few trading sessions due to the conflict in West Asia. The counter started the trading session in the green at Rs 24.17 against the previous close of Rs 23.30. Last seen, the stock was trading at Rs 24.39 on the BSE, up 4.68 per cent or Rs 1.09. On the National Stock Exchange (NSE), the stock was…

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05

Mar

By The Press Editor

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Business

MCX gold rate falls below Rs 1.61 lakh per 10 gram, silver price drops by over Rs 16,000 from day’s high

Mumbai: Rates of precious metals in futures trade edged higher on Thursday, March 5, 2026, as investors moved toward safe-haven assets amid the US-Israel-Iran war. However, they witnessed profit booking and gave up early gains. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,225 or 0.75 per cent at Rs 1,62,750 per 10 grams against the previous close of Rs 1,61,535. It later jumped to hit the high of Rs 1,63,142, a gain of Rs 1,617 or 1 per cent. However, it witnessed profit booking at higher levels and touched the…

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