Business

15

Apr

By The Press Editor

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Business

Stock under Rs 50 gains nearly 7% as markets rally, company recently received LoA from Indian Railways

Mumbai: Shares of Hyderabad-headquartered MIC Electronics Limited (MICEL) gained nearly 7 per cent on Wednesday amid a rally in the benchmark indices Sensex and Nifty. Indian benchmark indices mirrored a rally in global markets and a drop in crude oil prices below the USD 100 per barrel mark, amid hopes of renewed talks between the United States and Iran. The 30-share BSE Sensex jumped 1,422.85 points to 78,270.42 in early trade. The 50-share NSE Nifty climbed 438.25 points to 24,280.90. Amid this, the stock started the trading session in the green at Rs 39.09 against the previous close of Rs…

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15

Apr

By The Press Editor

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Business

FMCG stock hits upper circuit amid a rally in benchmark indices, check share price

Mumbai: Shares of fast-moving consumer goods (FMCG) company Elitecon International surged 5 per cent to hit a 5 per cent upper circuit on Wednesday, amid a strong bounce back in the benchmark index. The 30-share BSE Sensex jumped 1,422.85 points to 78,270.42 in early trade, while the 50-share NSE Nifty climbed 438.25 points to 24,280.90. The action in the benchmark indices comes as global markets rally following a drop in crude oil prices below the USD 95 per barrel mark, amid hopes of renewed talks between the United States and Iran. The counter started the trading session in the red…

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15

Apr

By The Press Editor

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Business

India’s wholesale inflation rises to 3.88% in March on increase in prices of crude oil, natural gas

New Delhi: The annual rate of inflation based on the All India Wholesale Price Index (WPI) rose to 3.88 per cent in March, according to the data released by the Ministry of Commerce and Industry on Wednesday. The wholesale inflation in February stood at 2.13 per cent. The rise in wholesale prices is mainly driven by an increase in prices of crude petroleum & natural gas. "Positive rate of inflation in March, 2026 is primarily due to an increase in prices of crude petroleum & natural gas, other manufacturing, non-food articles, manufacture of basic metals and food articles, etc.," the…

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15

Apr

By The Press Editor

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Business

Gold price falls on MCX, silver under pressure on strong US dollar | Check city-wise rates

Mumbai: Rates of precious metals in futures inched lower on Wednesday, April 15, 2026, as the US dollar regained amid hopes of another round of peace talks between the United States and Iran. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 60 at Rs 1,54,757 per 10 grams against the previous close of Rs 1,54,817. It later dipped further to touch an intraday low of Rs 1,54,404, a fall of Rs 413 or 0.26 per cent. Last seen, it was trading at Rs 1,54,704 with a fall of Rs 113 or…

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15

Apr

By The Press Editor

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Business

Railway Ministry’s PSU RailTel surges nearly 14% on orders win from RVNL, check full details

Mumbai: Shares of Railway Ministry's public sector undertaking, RailTel Corporation of India, surged nearly 14 per cent on Wednesday, April 15, 2026, following the receipt of multiple orders. The action in the stock also comes amid a rally in the benchmark indices, amid positive global cues on hopes of the resumption of US-Iran talks and a fall of USD 10 in Brent crude over two days. The stock opened gap up with a gain of 6.13 per cent at Rs 301.90 against the previous close of Rs 284.45 on the BSE. Amid a spurt in volume by more than 7.56…

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15

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex surges over 1,100 points, Nifty above 24,150, Indigo, UltraTech Cement among top gainers

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened gap up on Wednesday, amid strong global cues as Brent crude has crashed by USD 10 dollars in two days. While the 30-share BSE Sensex added 1,133.53 points or 1.47 per cent to start the session at 77,981.10, the Nifty gained 321.15 points to open at 24,163.80. In the last trading session, the Sensex closed at 76,847.57 and the Nifty 50 at 23,842.65. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 311.07 points, the BSE Smallcap Select Index was…

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15

Apr

By The Press Editor

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Business

GAIL shares in focus as PSU to invest Rs 3,800 crore in 700 MW solar projects in UP, Maharashtra

Mumbai: Shares of state-owned gas utility GAIL (India) will be in focus today, April 15, 2026, as the PSU has announced that it will invest Rs 3,800 crore in setting up 700 MW of solar power capacity across Uttar Pradesh and Maharashtra. The investment in solar power is part of the company's push towards clean energy and net-zero goals. The stock had closed in the red in the last trading session. The counter ended the session at Rs 153.65 with a dip of Rs 0.40 or 0.26 per cent from the previous close of Rs 154.05 on the BSE. The…

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14

Apr

By The Press Editor

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Business

Shares of PSU defence company BEML to be in focus on securing USD 36.38 million export order

Mumbai: Shares of Bengaluru-headquartered defence PSU BEML will be in focus when markets open on Wednesday, April 14, 2026, as the company has informed exchanges that it has secured an export order valued at USD 36.38 million from the Middle East region, which entails the supply of heavy earthmoving equipment. According to officials, this marks a significant boost to its global expansion strategy. The company had shared the details just before the closing of the market session on Monday. The stock had closed at Rs 1,623.85, with a gain of Rs 3.75 or 0.23 per cent from the previous close.…

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14

Apr

By The Press Editor

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Business

Uttarakhand to soon have vast network of highways, Nitin Gadkari shares details of several projects

New Delhi: Uttarakhand is set to develop a vast network of highways and expressways in the coming days, said Union Minister of Road Transport and Highways Nitin Gadkari after the inauguration of the Delhi-Dehradun economic corridor. Gadkari said that the Delhi-Dehradun project will accelerate the state's development, create employment, and boost tourism. He also shared some details about the state's ongoing infrastructure projects.  Here are the updates related to the projects of the state: The 51-kilometre, six-lane road from Saharanpur to Haridwar will also be inaugurated in June 2026. Since 2014, projects worth approximately Rs 1.3 trillion have been…

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14

Apr

By The Press Editor

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Business

Oil marketing companies losing Rs 18 per litre on petrol, Rs 35 on diesel amid tensions in Middle East

New Delhi: Despite tensions in the Middle East and a rise in crude oil prices, petrol and diesel prices in the country have remained stable for a long time. However, oil companies are incurring huge losses due to this. According to sources, state-owned oil companies are incurring losses of around Rs 18 per litre on petrol and up to Rs 35 per litre on diesel. According to the news agency PTI, despite price deregulation, Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have not changed retail fuel prices since April 2022. During this…

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