Business

15

Aug

By The Press Editor

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Business

PM Modi’s big announcement on semiconductor: ‘Made-in-India semiconductor chip to be launched this year’

Addressing the nation on the 79th Independence Day, Prime Minister Narendra Modi said that the government is working on semiconductors in 'Mission Mode'. New Delhi: Talking about India's rapid strides in the semiconductor sector, Prime Minister Narendra Modi announced on Friday that the first made-in-India semiconductor chip will be launched in the market by the end of this year. Addressing the nation on the 79th Independence Day, the Prime Minister said that the government is working in "mission mode". Terming the 21st century a “technology-driven century”, he said that six semiconductor units are already on the ground and four new…

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15

Aug

By The Press Editor

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Business

PM Modi announces GST reforms after 8 years, promises relief for businesses on Diwali

As India commemorates its 79th Independence Day today, PMi made his traditional arrival at the historic Red Fort donning saffron turban. He extended greetings to the citizens and spoke at length about several issues, including Operation Sindoor and India’s immense success in Make in India. New Delhi: In his Independence Day address, Prime Minister Narendra Modi announced that the next generation of GST reforms will be introduced this Diwali. PM Modi said after eight years of implementing the Goods and Services Tax, the government believes it is time to review the system. The upcoming reforms are being positioned as a…

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14

Aug

By The Press Editor

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Business

This smallcap company posts double-digit increase in its revenue, check details

The stock has a 52-week high of Rs 77.50, hit on August 27, 2024, and a 52-week low of Rs 41.01. The company's market capitalisation is Rs 1,223 crore. Mumbai: Shares of One Point One Solutions, which offers Business Process Management (BPM) services, started today's trading session with a decent gain as the company has reported a rise in its net profit and revenue. The counter began trading at Rs 46.79 in the opening session against the previous close of Rs 46.02 on the National Stock Exchange (NSE). However, it touched the intraday low of Rs 45.55 amid profit booking.…

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14

Aug

By The Press Editor

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Business

Quarterly Results: Homegrown logistics solution provider announces Q1 results – Check details

According to BSE Analytics, the stock has delivered a solid return of 1196 per cent in five years, outperforming the benchmark index's surge of 112.79 per cent during the same period. Mumbai: Homegrown logistics solution provider Sindhu Trade Links has released the results for the April-June quarter of the financial year 2025-26. The company's total revenue for the quarter under review stood at Rs 1,409.92 crore, as against Rs 1,271.58 crore in the same quarter last year.  The company's profit before tax (PBT) stood at Rs 273.56 crore in Q1 FY26, as compared to Rs 256.30 crore in Q1 FY25.…

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14

Aug

By The Press Editor

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Business

Stock Market Holiday: Are NSE and BSE closed on August 15 for Independence Day? Check details

Stock Market Holidays 2025: According to the stock market holiday calendar, the stock market will remain closed for five days post-August. Mumbai: In the truncated week, the benchmark indices witnessed a pullback rally with the Sensex gaining 748 points and the Nifty ending up by 1.1 per cent. The 30-share BSE Sensex extended gains for the second consecutive day and climbed 57.75 points or 0.07 per cent to end the trading session at 80,597.66. The 50-share NSE Nifty gained 11.95 points or 0.05 per cent to settle at 24,631.30, holding the psychological level of 24,600 ahead of Independence Day 2025. …

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14

Aug

By The Press Editor

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Business

SBI Customers Alert: Bank to hike IMPS charges starting August 15, 2025 – Here’s what PNB, Canara Bank are charging

IMPS serves as an innovative payment service with real-time availability round the clock. The IMPS is facilitated and brought to the users by the National Payments Corporation of India (NPCI). New Delhi: In a significant development, the State Bank of India has made a crucial announcement to revise its Immediate Payment Service (IMPS) transaction charges for retail customers. The revised IMPS will be applicable from August 15. Notably, the charges are different depending upon whether it is online or branch channel.  For online users, small-value IMPS transactions which remain under a threshold of Rs 25,000 will continue to be free.…

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14

Aug

By The Press Editor

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Business

SBI vs ICICI Bank vs HDFC Bank: Don’t open your savings account until you check minimum balance requirement

Let’s delve into a comparative analysis of the minimum balance requirements by major banks in the country, such as the State Bank of India (SBI), ICICI, and HDFC Bank. New Delhi: While it was under fire after hiking the minimum balance for savings accounts to Rs 50,000 from a previous minimum balance threshold of Rs 10,000, ICICI Bank has revisited its decision by decreasing the amount to Rs 15,000. Let’s delve into a comparative analysis of the minimum balance required by important banks in the country, such as the State Bank of India (SBI), ICICI, and the HDFC Bank. …

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14

Aug

By The Press Editor

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Business

Kolkata Metro set for major expansion, 3 new routes likely to open by end of August – Check details

The expansion of Kolkata Metro is likely to continue in the month of September as well with two more stretches having received mandatory clearances. Kolkata: In a major boost for metro commuters in the City of Joy, the Kolkata Metro is set to launch three new stretches, significantly improving the connectivity in the city. An official of the city’s metro operator ‘Metro Railway Kolkata’ on Wednesday announced the development. The latest development follows the inspection of the Noapara–Airport stretch and East-West metro’s 2.6 km long Esplanade–Sealdah section conducted by railway board chairman Satish Kumar.  News agency PTI quotes the spokesperson…

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14

Aug

By The Press Editor

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Business

This real-estate stock edges higher post strong Q1 results – Check share price and other details

According to BSE Analytics, the stock has delivered a massive return of 36233 per cent in five years against the growth of 112.82 per cent in the benchmark index. Mumbai: Shares of Hazoor Multi Projects gained on Thursday, August 14, 2025, after the company reported a substantial increase in its net profit for the first quarter of the financial year 2025-26. The stock started the trading session in the red at Rs 43.21 against the previous close of Rs 43.35 on the BSE. However, it rebounded and touched the intraday high of Rs 44.05, representing a 1.61 per cent gain…

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14

Aug

By The Press Editor

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Business

383% return in 2 years: Jewellery stock in focus on allotment of 97.84 lakh equity shares – Do you own?

Stock has been losing for the last two days and has fallen 2.31 per cent in the period. Technically, the stock trades lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Mumbai: Shares of Delhi-based PC Jeweller are in focus on Thursday, August 14, 2025, as the company has informed exchanges about the allotment of 97.84 lakh equity shares post the conversion of fully convertible equity warrants. The company said that 97,84,800 equity shares with face value of Re 1 each were allotted to two allottees belonging to 'non-promoter, public category’. The allotment has been done upon receipt…

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