Business

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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14

Apr

By The Press Editor

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Business

Om Power Transmission IPO subscribed 3.33 times on final day: Here’s how to check allotment status online

Mumbai: The initial public offering of power infrastructure company Om Power Transmission Ltd has received a decent response from investors, as it subscribed 3.33 times on the closing day of bidding on April 13, 2026. According to data available on the National Stock Exchange (NSE), the Rs 150-crore IPO received bids for 1,99,65,140 shares against 60,02,730 shares on offer. The category for non-institutional investors fetched 7.06 times the subscription. The quota for qualified institutional buyers (QIBs) received 3.65 times the subscription, and the portion meant for retail individual investors (RIIs) got subscribed 1.54 times. Om Power Transmission IPO GMP According…

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14

Apr

By The Press Editor

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Business

Is Gurugram still the preferred destination for luxury home buyers? Here’s what experts say

New Delhi: Gurugram continues to dominate India’s luxury real estate landscape. Over the years, its stable clientele has included many affluent people, global Indians, and business leaders.  But are emerging hotspots in the National Capital Region (NCR) beginning to challenge its long-held supremacy? According to experts, Gurugram has transformed into India’s most prominent luxury housing destination. Gurugram recorded 1,494 ultra-luxury homes changing hands last year  What continues to set Gurugram apart is the depth of its urban framework. The city’s concentration of global corporations and global capability centres (GCCs) has created a steady, high-value residential base, while its social ecosystem…

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14

Apr

By The Press Editor

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Business

Star Air launches 70 new direct flights, to connect Mundra with six key cities, check full flight schedule

New Delhi: Regional airline Star Air, the aviation arm of the Sanjay Ghodawat Group, has announced the launch of services to Gujarat’s bustling port city, Mundra, with 38 direct weekly flights. The services will be available from April 25 and link the port city to six key cities across Western and Northern India. The airline said that over 17,000 additional seats will now be available each month, which will boost air connectivity and economic growth in the region. Star Air to connect Mundra with these cities  The expansion sees Mundra directly linked to Mumbai, Hindon (Delhi-NCR), Goa (Mopa), and Surat.…

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14

Apr

By The Press Editor

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Business

LIC Bonus Issue: Good news for shareholders as board approves 1:1 bonus issuance, check details

Mumbai: Shares of Life Insurance Corporation of India (LIC), a state-owned insurance group and investment company, will be in focus when markets open on Wednesday, as the company, in an exchange filing after market hours, said its board of directors has considered and approved a 1:1 bonus issue for its shareholders. This means one fully paid-up equity share of Rs 10 each for every one fully paid-up equity share held by the members as on the record date. However, it is subject to approval by the members of the Life Insurance Corporation of India.  According to the information shared, the…

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14

Apr

By The Press Editor

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Business

Delhi to Dehradun in 2.5 hours: Check key features of Delhi-Dehradun economic corridor, toll charges and other details

New Delhi: Prime Minister Narendra Modi will inaugurate the Delhi-Dehradun economic corridor on Tuesday, April 14, 2026. The 213 km-long, six-lane access-controlled Delhi-Dehradun Economic Corridor is in the limelight, as it is expected to cut travel time between the two cities from over 6 hours at present to around 2.5 hours. According to the government, the economic corridor will play an important role in strengthening regional economic growth by enhancing connectivity between major tourism and economic centres and opening new avenues for trade and development across the region. Delhi-Dehradun Economic Corridor Key Features The corridor provides a safer and more…

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14

Apr

By The Press Editor

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Business

Is today a bank holiday for Ambedkar Jayanti, Baisakhi? Check RBI’s city-wise holiday list

New Delhi: Ambedkar Jayanti is a gazetted holiday in India, and several institutions, offices and banks will remain closed in most cities on April 14, 2026. According to the list of holidays issued by the Reserve Bank of India, banks will remain closed for  Dr Babasaheb Ambedkar Jayanti, Mahabishab Sankranti, Biju, Buisu Festival, Tamil New Year's Day, Bohag Bihu, Cheiraoba and Baisakhi. Therefore, if you're planning to visit a bank branch today, find out whether it is open or closed. Here's the complete list of city-wise holidays today. Banks to remain closed in these cities   According to the Reserve Bank…

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14

Apr

By The Press Editor

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Business

Stock Market Holiday: Are NSE, BSE open or closed on April 14 for Ambedkar Jayanti? Check full list

Mumbai: Indian benchmark indices Sensex and Nifty will remain closed today, April 14, 2026, on account of Dr Baba Saheb Ambedkar Jayanti. According to the BSE and NSE holiday calendars, the stock markets will be closed on April 14 in observance of Dr Baba Saheb Ambedkar Jayanti. There will be no trading today. Trading will resume on Wednesday, April 15. According to the information available on the official website, equity derivatives and currency segments of the market will also remain closed on April 14. However, trading in commodity derivatives will be closed only in the morning session and will reopen in…

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13

Apr

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Business

Market Closing Bell: Sensex tanks 702.68 points, Nifty ends below 23,850, Maruti falls over 4%

Mumbai: Equity benchmark indices slumped on Monday as crude oil prices surged after the United States said it would blockade Iranian ports beginning Monday. The 30-share BSE Sensex dived 702.68 points, or 0.91 per cent, to settle at 76,847.57. During the day, it plunged 1,681.93 points, or 1.26 per cent, to 75,868.32. The 50-share NSE Nifty tanked 207.95 points, or 0.86 per cent, to end at 23,842.65. Most stocks of Sensex 30 pack end in red On Monday, out of the 30 Sensex companies, only 3 ended the session in the green, and the remaining 27 closed in the red.…

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13

Apr

By The Press Editor

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Business

India’s March retail inflation rises to 3.4%: Govt data

New Delhi: Retail inflation rose marginally to 3.4 per cent in March from 3.21 per cent in February, according to data released by the government on Monday. The prices have been affected by supply chain disruptions caused by ongoing tensions in the Gulf countries. Based on the Consumer Price Index (CPI) data, the rate of increase in food prices in March was 3.87 per cent, higher than 3.47 per cent in February. Retail inflation in rural areas was recorded at 3.63 per cent, while retail inflation in urban areas was recorded at 3.11 per cent.  Gold and silver adjust crude…

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