Business

24

Jul

By The Press Editor

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Business

Gold, silver continue to drop as Brent crude tops $100 amid Middle East tensions | Check city-wise rates

Mumbai: Rates of precious metals in futures fell further on Friday, July 24, 2026, as investors book profit amid geopolitical tensions that have pushed Brent crude oil above USD 100 per barrel. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 429 or 0.30 per cent at Rs 1,42,392 per 10 grams against the previous close of Rs 1,42,821. It later fell to touch an intraday low of Rs 1,41,742, a drop of Rs 1,079 or 0.75 per cent. Last seen, it was trading at Rs 1,42,751, down Rs 70 or 0.05…

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24

Jul

By The Press Editor

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Business

IT stock below Rs 50 hits upper circuit in weak market, firm recently signed agreement with SpaceX

Mumbai: Shares of Blue Cloud Softech Solutions are in action today even as market benchmark indices Sensex and Nifty tumbled in early trade as crude oil prices crossed the USD 100 per barrel mark amid escalating geopolitical tensions in West Asia. The 30-share BSE Sensex tumbled 681.83 points or 0.89 per cent to 75,709.56, and the 50-share NSE Nifty declined 187.45 points or 0.79 per cent to 23,682.15 at the time of writing the report. Amid this weakness, shares of the company surged 5 per cent to hit an upper circuit of Rs 20.66. The stock began the trading session…

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24

Jul

By The Press Editor

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Business

Real estate stock under Rs 50 to be in focus as company declares Q1 results, profit at Rs 143 crore

Mumbai: Shares of Indiabulls Ltd, which is into real estate and financial services, will be in focus today as the company has announced it financial results for the April-June quarter of FY27. The company has showcased a strong turnaround. According to information shared with exchanges, the company posted a consolidated net profit of Rs 142.99 crore, a strong recovery compared with a consolidated net loss of Rs 1.81 crore in the same period a year ago. The company's revenue from operations stood at Rs 359.45 crore in the quarter under review, up from Rs 91.62 crore in the restated quarter…

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24

Jul

By The Press Editor

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Business

24 July, 2026 Stock Market Updates: Sensex tumbles 683 points, Nifty falls below 23,700 as crude oil tops $100

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, tumbled on Friday, July 24, 2026, amid weak global cues, persistent selling by Foreign Institutional Investors (FIIs) and a sharp surge in global crude oil prices. While the 30-share BSE Sensex crashed 683.2 points or 0.89 per cent to start the session at 75,708.19, the Nifty fell 203.25 points to open at 23,666.35. In the last trading session, the Sensex closed at 76,391.39 and the Nifty 50 at 23,869.60. Similarly, the broader indices traded in the red in the early trading session. While the BSE Midcap Select Index was down by…

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24

Jul

By The Press Editor

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Business

Caliber Mining IPO Listing Today LIVE: Here’s what GMP suggests ahead of debut on bourses

Mumbai: Shares of Caliber Mining and Logistics Ltd, which received a massive 146.64 times subscription on the closing day of bidding on Tuesday, are set to debut on bourses today, i.e. on July 24, 2026. According to data available on the National Stock Exchange (NSE), the public issue got bids for 114.90 crore (1,14,90,37,400) shares against 78.35 lakh (78,35,821) shares on offer. The non-institutional investor category fetched a whopping 267.36 times subscription, and the portion for Qualified Institutional Buyers (QIBs) was subscribed 240.71 times. Retail investors' quota received 41.15 times subscription. Ahead of the listing, unlisted shares are trading at…

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23

Jul

By The Press Editor

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Business

The 50-30-20 Budgeting Rule: Does it still work for Indians? Here’s what expert says

New Delhi: The 50-30-20 rule has been considered the traditional approach to budgeting for many years. Introduced by Senator Elizabeth Warren, it roughly means spending 50 per cent of income on essentials, 30 per cent on discretionary expenses, and 20 per cent on savings and investments. Being straightforward and practical, the framework is easy to follow. But when it comes to India of 2026, the bigger question is whether this structured formula still works. According to experts, the answer is not always. Rising Inflation Limits Households' Spending The cost of living in India has been increasing nonstop for the past…

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23

Jul

By The Press Editor

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Business

Delhi’s first integrated double-decker structure with flyover, Metro corridor to be completed by December

Mumbai: Commuters travelling through Northeast Delhi are expected to get some relief from traffic jams soon, as the city is expected to get its first integrated double-decker flyover by December this year. The unique feature of this project is that metro trains will run on an elevated Metro corridor, while vehicles will travel on the flyover below. The Delhi government has approved a revised cost of Rs 291 crore for this ambitious project. Chief Minister Rekha Gupta told a press conference that approximately 88 per cent of the construction work on the 1.40-kilometre-long flyover on Wazirabad Road has been completed.…

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23

Jul

By The Press Editor

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Business

Infosys appoints Ashiss Kumar Dash as CEO-designate, here’s everything you need to know about him

New Delhi: IT services major Infosys has named Ashiss Kumar Dash as its Chief Executive Officer (CEO)-designate. The board has approved the appointment on the recommendations of the Nomination and Remuneration Committee. Dash will serve as CEO-designate until March 31, 2027. The board has also approved its intention to appoint him as the Chief Executive Officer and Managing Director from April 1, 2027. He will succeed Salil Parekh as the Managing Director & Chief Executive Officer on April 1, 2027.  The board believes this combination of strategic and commercial acumen together with his technology delivery experience uniquely positions him to…

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23

Jul

By The Press Editor

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Business

Benchmark indices ended lower for fourth consecutive day as crude oil prices near USD 100 a barrel

Mumbai: Benchmark indices Sensex and Nifty extended their decline for the fourth consecutive session as crude oil prices neared USD 100 a barrel amid escalating tensions between the US and Iran. The 30-share BSE Sensex closed 363.66 points or 0.47 per cent lower at 76,391.39. During the day, the benchmark hit a high of 76,726.66 and a low of 76,151.98, gyrating 574.68 points. The 50-share NSE Nifty was down by 126.65 points or 0.53 per cent and ended the session at 23,869.60. The broader market too ended the session in the red. While the BSE MidCap Select Index fell 195.78 points…

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23

Jul

By The Press Editor

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Business

Recently listed Waterways Leisure shares to be in focus as company announces Q1 results, check share price

Mumbai: Shares of Cordelia Cruises operator Waterways Leisure Tourism Ltd will be in focus during today's trading session as the newly listed company has announced financial results for the April-June quarter of FY27. The company has posted a consolidated net profit of Rs 22.7 crore for the quarter under review, up 28 per cent sequentially from Rs 18 crore in the March quarter. According to the information shared with the exchanges, the company's revenue from operations rose 8 per cent to Rs 190.11 crore in the first quarter compared to Rs 176 crore in the same quarter a year ago.…

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