Business

23

Jul

By The Press Editor

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Business

Cube Highways Trust IPO is open for subscription, check GMP, lot size, listing date and other key details

Mumbai: Dalal Street is witnessing the launch of several mainboard initial public offerings of late. The public issue of Cube Highways Trust is among them, and it opened for subscription on July 22, 2026, but has so far received a muted response from investors. The IPO's subscription status was 8 per cent at the time of writing the report on day 2. Other investors have subscribed 17 per cent, and institutional investors are yet to receive bids. According to the information available on the NSE, the company has received bids for 1,06,08,460 shares against 13,65,89,480 shares on offer at 1:25…

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23

Jul

By The Press Editor

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Business

Gold price drops by Rs 1,000 per 10 grams, silver too falls on MCX amid profit booking | Check city-wise rates

Mumbai: After days of upward momentum, rates of precious metals in futures ticked lower on Thursday, July 23, 2026, amid profit booking as crude oil prices continue to rise due to an escalation in tensions in the Middle East. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 210 or 0.14 per cent at Rs 1,45,470 per 10 grams against the previous close of Rs 1,45,680. It later fell to touch an intraday low of Rs 1,44,852, a drop of Rs 828 or 0.56 per cent. Last seen, it was trading at…

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23

Jul

By The Press Editor

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Business

Indo-MIM IPO GMP today stands at 38%, check price band, subscription status and listing date

Mumbai: The initial public offering (IPO) of Indo-MIM Ltd is now open for subscription. The three-day subscription window opened today and will close on July 27, 2026. Ahead of the IPO, the precision engineering components maker mobilised about Rs 1,141 crore from anchor investors. It allotted 2.35 crore equity shares to 92 anchor investors at Rs 485 apiece. The anchor book saw participation from several domestic and global investors, including ICICI Prudential Mutual Fund (MF), HDFC MF, SBI MF, Kotak MF, Aditya Birla Sun Life MF, WhiteOak Capital, 360 ONE, Government Pension Fund Global, Goldman Sachs Funds, BlackRock Global Funds,…

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23

Jul

By The Press Editor

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Business

Indusind Bank shares fall over 6% even as lender’s consolidated profit jumps 72% YoY

Mumbai: Shares of Private lender IndusInd Bank tumbled over 6 per cent on Thursday, July 23, 2026, even as it posted a 72 per cent jump in its consolidated profit after tax to Rs 1,037.05 crore for the June quarter. The stock fell after six days of consecutive gains and opened in the red at Rs 1,049.95, down Rs 19.95, or 1.86 per cent, from the previous close of Rs 1,069.90 on the BSE. Amid a spurt in trading volume by more than 1.58 times, the scrip fell further and touched the intraday low of Rs 1,002.50. This is a…

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23

Jul

By The Press Editor

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Business

23 July, 2026 Stock Market Updates: Sensex, Nifty extend losses amid mixed global cues

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the session on Wednesday, July 22, 2026, in the red amid mixed global cues as Brent crude oil continued to rise amid escalating US-Iran conflict. While the 30-share BSE Sensex dropped 239.95 points or 0.31 per cent to start the session at 76,515.10, the Nifty shed 91.45 points to open at 23,904.80. In the last trading session, the Sensex closed at 76,755.05 and the Nifty 50 at 23,996.25. 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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22

Jul

By The Press Editor

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Business

Your financial profile can improve home loan eligibility after ITR filing: Here’s all you need to know

New Delhi: Every year, right after the tax filing window closes, lending desks notice a shift in the kind of loan applications that come in. Files that once looked thin suddenly carry more weight, not because anything about the applicant's job changed overnight, but because their financial paperwork finally caught up with reality. According to experts, a tax return, filed properly and on time, has a way of turning invisible income into something a bank can actually count. "Consider a small business owner running a growing but modest trading firm in a tier two city. His bank balance shows healthy…

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22

Jul

By The Press Editor

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Business

Caliber Mining IPO allotment expected to be finalised today, here’s how to check status online

Mumbai: Caliber Mining and Logistics Ltd received a massive 146.64 times subscription during the three-day subscription window. According to data available on the National Stock Exchange (NSE), the IPO 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. Investors are now waiting for the allotment, which is expected to be finalised today, i.e., July 22, 2026.  Here's a step-by-step guide to check the status. Caliber Mining…

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22

Jul

By The Press Editor

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Business

Sensex tumbles 715.06 points, Nifty falls below 24,000 amid surge in crude oil prices

Mumbai: Benchmark indices Sensex and Nifty witnessed sustained selling pressure throughout the session and closed lower amid rising crude prices, which have again become a pain point for Indian equities. The 30-share BSE Sensex closed 715.06 points or 0.92 lower at 76,755.05. During the day, the benchmark hit a high of 77,384.95 and a low of 76,641.19, gyrating 743.76 points. The 50-share NSE Nifty was down by 191.45 points or 0.79 per cent and ended the session at 23,996.25. The broader market ended the session in the red. While the BSE MidCap Select Index fell 245.57 points or 1.33 per…

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22

Jul

By The Press Editor

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Business

NSE listed renewable energy stock in focus as profit after tax jump 75% YoY, revenue jumps 58%

Mumbai: Shares of Servotech Renewable Power System are trading in the green today even as benchmark indices Sensex and Nifty declined in early deals on Wednesday as higher crude oil prices and selling in bank stocks hit investors' sentiment. The 30-share BSE Sensex declined 403.54 points to 77,066.06 in early trade, and the 50-share NSE Nifty edged lower by 114.75 points to 24,070.05. The action in the stock comes as the company has announced its financial results for the April-June quarter of financial year 2026-27. The company has reported a 74.5 per cent year-on-year rise in its consolidated net profit…

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22

Jul

By The Press Editor

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Business

Defence stock in focus on securing Indian Navy order for underwater warfare prototype, check share price

Mumbai: Shares of Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, are in action as the company has been awarded a Make-II Prototype Sanction Order (PSO) by the Indian Navy for the development of SAVIOR-ASW, a Semi-Submersible Autonomous Vessel for Intelligence, Operations, and Reconnaissance. This marks AMSL's formal entry into the domain of autonomous maritime and underwater warfare systems. What is the SAVIOR-ASW System?  SAVIOR-ASW is India's first indigenously developed semi-submersible autonomous vessel designed specifically for Anti-Submarine Warfare (ASW) surveillance. It is an unmanned, self-powered maritime platform, yet capable of patrolling the ocean…

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