Business

21

Oct

By The Press Editor

Business

KENT enters energy sector with launch of new range of lithium batteries, solar hybrid inverters

Known for its home-use water purifiers, KENT is expanding into the power and energy storage business. To support this, it has formed a new division, "KENT New Energy," and launched lithium batteries, solar hybrid inverters, and smart power backup products. The company aims to provide relief from power cuts and promote solar energy use in homes. For this expansion, the company has invested approximately Rs 250 crore in Noida. Lithium batteries up to 16 kWh launched KENT has introduced lithium batteries with capacities of 5.1 kWh, 11.8 kWh, and 16 kWh for solar energy storage. These batteries can store electricity…

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21

Oct

By The Press Editor

Business

Jio Platforms IPO opens for subscription today: Here’s why India’s biggest public issue is turning heads

The initial public offering (IPO) of Jio Platforms Ltd, a digital technology and connectivity conglomerate, opens for subscription today, i.e., Wednesday, October 21. The three-day subscription window will end on October 23. Valued at up to Rs 30,213 crore, the massive public offering is structured entirely as a fresh issue of up to 27 crore shares, meaning all proceeds will go directly to fuel the company’s business growth rather than provide an exit for existing stakeholders. Meanwhile, Jio Platforms' Rs 8,110-crore anchor book attracted demand exceeding 30 times the amount on offer, with aggregate institutional bids reaching around Rs 2.5…

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21

Oct

By The Press Editor

Business

HD Fire Protect shares made positive debut on bourses, list at 24% premium over issue price

Shares of HD Fire Protect, a manufacturer of fire protection equipment, made a strong debut on the bourses today, listing at a premium of nearly 24 per cent over the issue price of Rs 271 apiece. The stock opened at Rs 335 on the National Stock Exchange (NSE), marking a premium of 23.62 per cent. On the BSE, the shares debuted at Rs 334.40, up 23.39 per cent over the issue price. It gained further to hit a high of Rs 338, before profit booking and falling to the intraday low of Rs 301, down Rs 33.4 or 9.98 per…

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21

Oct

By The Press Editor

Business

Jio Platforms IPO fully subscribed within minutes, QIB portion booked over 3x so far, check latest GMP

Jio Platforms' initial public offering (IPO) is drawing a strong investor response, with the issue fully subscribed within minutes of opening. The IPO was fully subscribed in just the first 100 minutes. The issue saw the portion reserved for Qualified Institutional Buyers (QIBs) fully subscribed at over 3x demand. According to data available on the National Stock Exchange (NSE), the portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 3.77 times. The portion reserved for Non-Institutional Investors (NIIs) was subscribed 30 per cent, while the retail investor category saw 27 per cent subscription. Overall, the IPO got bids for 23,27,13,888 shares against…

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21

Oct

By The Press Editor

Business

State Bank of India confirms cyber attack, says data of 3,897 customers exposed on dark web

State Bank of India (SBI), the country's largest bank, on Wednesday confirmed a cyberattack and said data of 3,897 ​customers containing personally identifiable ​information (PIIs) was ⁠disclosed on the dark web. According to the public sector bank, a detailed investigation is required to determine the potential source and extent of the exposure and assess the associated risks to customers and the bank. "We hereby inform you that the Bank has experienced an incident involving the loss of certain data," the company said in an exchange filing on Wednesday.  According to the bank, it received communications on October 16, 2026, from its…

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21

Oct

By The Press Editor

Business

21 October, 2026 Stock Market Updates: Sensex jumps 485 points, Nifty above 23,000

Indian equity benchmark indices, the Sensex and Nifty, started the session in green amid optimism around a potential India-US trade deal. The 30-share BSE Sensex gained 25.47 points, or 0.03 per cent, to start at 74,341.08, while the Nifty added 127.05 points to open at 23,016. In the last trading session, the Sensex closed at 73,852.90 and the Nifty 50 at 22,888.95. Similarly, the broader indices traded in green in the opening session. While the BSE Midcap Select Index added 56.41 points, the BSE Smallcap Select Index gained 35.44 points or 0.40 per cent, to trade in the red at…

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20

Oct

By The Press Editor

Business

Delhi winter pollution plan from November 1: No fuel without valid PUCC, non-BS-VI vehicles face entry ban

New Delhi: Delhi is preparing to tighten pollution-control measures ahead of the winter season, with restrictions on older vehicles, fuel sales and construction activity set to take effect under its winter action plan as Chief Minister Rekha Gupta shared details of the measures on Tuesday. The plan includes a ban on vehicles from outside Delhi that do not meet BS-VI emission standards, a requirement for a valid Pollution Under Control Certificate (PUCC) to buy fuel, and curbs on construction and demolition work. The winter action plan is scheduled to begin on November 1, with different restrictions applying over separate periods through…

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20

Oct

By The Press Editor

Business

Lucknow Airport to resume direct flights to Bangkok, daily flight movements to rise under winter schedule

New Delhi: Lucknow's Chaudhary Charan Singh International Airport is set to increase its daily flight movements from 108 to 134 under the upcoming winter schedule. The airport will also resume direct flights to Bangkok from November 17, offering passengers another international travel option. Airport sources shared the details on Tuesday, stating that the winter schedule will come into effect on October 25 and be fully implemented by November 1. Under the revised schedule, passengers will have air connectivity to 20 domestic and 10 international destinations, including Abu Dhabi and Riyadh. Thai AirAsia to resume direct Lucknow-Bangkok flights Direct flights between…

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20

Oct

By The Press Editor

Business

NCR’s luxury housing market gains momentum as festive offers add cheer for homebuyers

The National Capital Region (NCR) continues to strengthen its position as a key residential real estate market, driven by growing interest in luxury housing, rising property values and improving buyer sentiment ahead of the festive season. With Gurugram emerging as the country’s leading market for luxury housing launches by value and demand seeing a seasonal uptick across major cities, developers are introducing special festive offers to help homebuyers turn their homeownership aspirations into reality. According to a PropEquity report, Gurugram recorded residential launches worth Rs 1.38 lakh crore across 23,809 units in calendar year 2025, the highest launch value among…

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20

Oct

By The Press Editor

Business

Paras Healthcare IPO to open for subscription on October 21, check important dates and latest GMP

The initial public offering (IPO) of Paras Healthcare Ltd will open for subscription tomorrow, and the three-day subscription window will close on October 23. Ahead of its Rs 1,450-crore public issue, the company, which operates hospitals under the Paras Health brand, has garnered Rs 652.5 crore from anchor investors. The company attracted participation from domestic and global anchor investors. According to circulars uploaded on exchanges' websites, Paras Healthcare has allotted 94,15,584 equity shares to 39 funds at Rs 693 apiece, aggregating to Rs 652.5 crore. Investors in the anchor round included SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF,…

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