Business

18

Sep

By The Press Editor

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Business

EPFO introduces new facility ‘Passbook Lite’: Check balance, account summary instantly

This new initiative is expected to enhance the user experience by consolidating key services, including passbook access, into one convenient login. New Delhi: The Employees' Provident Fund Organisation (EPFO) has launched a new feature called 'Passbook Lite' for its over seven crore subscribers, allowing them to access essential services and their Employees' Provident Fund (EPF) account details using a single login on the members’ portal. Union Labour Minister Mansukh Mandaviya announced this development on Thursday, highlighting key reforms aimed at providing efficient, transparent, and user-friendly services to EPFO members. Passbook Lite Previously, members had to log in to a separate…

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18

Sep

By The Press Editor

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Business

Is Fed rate cut good for Indian stock market? Here’s what experts say

The US Federal Reserve resumed its interest rate cut cycle by reducing rates by 25 basis points to a target range of 4.0-4.25 per cent. New Delhi: The US Federal Reserve cut its key interest rate by 25 basis points on Wednesday to a target range of 4.0-4.25 per cent and projected it would do so twice more this year. This is the Fed's first cut this year. While lower interest rates could reduce borrowing costs for mortgages, car loans, and business loans, and boost growth and hiring in the United States, it will have an impact on other markets.…

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18

Sep

By The Press Editor

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Business

LIC-backed NBFC firm completes FCCB conversion, paid-up equity capital rises to Rs 90.95 crore

The stock's 14-day relative strength index (RSI) is 76.02. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Life Insurance Corporation of India-backed Paisalo Digital, a non-banking financial company, has informed exchanges that its board of directors have approved the allotment of over 74 lakh equity shares upon conversion of 4,000 Foreign Currency Convertible Bonds (FCCB). “... on September 17, 2025 the FCCB Committee of Board of Directors of Paisalo Digital Limited has considered and approved the allotment 74,03,585 Equity Shares of Face Value of Re. 1/-…

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18

Sep

By The Press Editor

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Business

Defence stock Apollo Micro Systems signs MoU for cybersecurity solutions, shares gain

According to BSE Analytics, the stock has surged 2611.81 per cent in five years and 2123.37 per cent in three years. In two years and one year, it has gained around 516 per cent and 213 per cent, respectively. Mumbai: Shares of Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, gained on Thursday, September 18, 2025, after the company informed exchange that it has inked a Memorandum of Understanding’s (MoU) with Sibersentinel Technologies Limited and Zoom Technologies (India) Private Limited to develop cybersecurity solutions for nation's critical institutions. "Apollo Micro Systems Limited has…

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18

Sep

By The Press Editor

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Business

Upper Circuit: Stock under Rs 200 surges after falling for 17 straight days – Check details

According to BSE Analytics, the stock has delivered a multibagger return of 17600 per cent in five years and 16757 per cent in three years. In one year, it has gained 6951.79 per cent as against the correction of 0.12 per cent in the benchmark index. Mumbai: Shares of the cigarette and tobacco products company Elitecon International are in action today, September 18, 2025, after falling for 17 consecutive sessions. The counter opened in the red at Rs 160.20 on the BSE against the previous close of Rs 168.60. But it rebounded amid a spurt in volume by more than…

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18

Sep

By The Press Editor

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Business

Gold, Silver Rates Today (Sep 18): Gold, silver drop on MCX post US Fed rate cut | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price gained around 1.23 per cent, trading at approximately USD 3,671.9 per troy ounce. The spot gold price at 12:30 am was USD 3,640.09 per ounce, down by 1.31 per cent. Mumbai: After rallying for several days, gold prices declined on Thursday, September 18, 2025, amid profit booking by investors following a firm recovery in the dollar after the US Federal Reserve cut rates for the first time in 2025. The gold October 3 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs…

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18

Sep

By The Press Editor

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Business

Noida International Airport to be inaugurated on this date, flight operations to begin soon

The Uttar Pradesh government is carrying out the construction of the airport, located in the Jewar area of Gautam Buddh Nagar district, through a public-private partnership (PPP) model. Noida: The Noida International Airport is set to be inaugurated on October 30, with flight operations expected to commence 45 days later, according to Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu. This greenfield airport is located in the Jewar area of Gautam Buddh Nagar district in western Uttar Pradesh, approximately 75 kilometres from Delhi. It will be the second international airport in the National Capital Region (NCR), following Delhi's Indira Gandhi…

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18

Sep

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Business

Market Opening Bell: Sensex reclaims 83,100, Nifty above 25,400 post US Fed rate cut

Sensex, Nifty Today: Gift Nifty, an early indicator for the Nifty 50, indicated a positive start as it opened in the green with a gain of 80.5 points at 25,494.50, compared to the previous close of 25,414. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started on a positive note on Thursday, September 18, 2025, after the US Federal Reserve cut interest rates by 25 basis points. The 30-share BSE Sensex surged 415.21 points to start the session at 83,108.92; the Nifty was up by 110.8 points to open at 25,441.05. In the last trading session, the Sensex closed…

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17

Sep

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Business

BSE SmallCap FMCG stock jumps nearly 9% amid rally in stock markets – Check details

According to BSE Analytics, the stock has delivered a negative return of 58.96 per cent in two years, as compared to a 21.81 per cent gain in the benchmark index. Mumbai: Shares of frozen meat exporter HMA Agro Industries surged nearly 9 per cent on the BSE in Wednesday's trading session amid a spurt in its trading volumes. The stock opened gap up with a gain of 5.25 per cent at Rs 32.46 on the BSE against the previous close of Rs 30.99 on the BSE. Amid a firm buying, the stock surged further to touch an intraday high of…

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17

Sep

By The Press Editor

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Business

Auto stock under Rs 50 gains post MoU with Tamil Nadu government – Check details

The company recently entered into a joint venture with Taiwan-based SmartChip Microelectronic Corporation (SMC) to boost EV technology in India and grow into new high-growth markets Mumbai: Shares of Uttar Pradesh-based Pavna Industries surged after the company informed exchanges that it has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to set up an auto-components manufacturing facility in Shoolagiri, Krishnagiri District, Tamil Nadu. As part of the Memorandum of Understanding (MoU), the Government of Tamil Nadu has promised to fully support and help with the quick and effective execution of the project. The new facility will…

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