Business

21

Jan

By The Press Editor

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Business

Budget 2026: Financial sector seeks capital easing, credit push and policy stability

Industry experts said the next phase of growth will depend not just on expanding access to financial services, but on improving the quality of credit, the sustainability of financial institutions and last-mile delivery. New Delhi: As the Union Budget 2026 draws closer, stakeholders across the financial sector have urged the government to roll out policy measures aimed at strengthening the financial system by easing capital constraints, encouraging responsible credit growth and expanding financial inclusion. Industry experts said the next phase of growth will hinge not only on wider access to financial services but also on improving credit quality, ensuring the…

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21

Jan

By The Press Editor

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Business

665% return in 2 years: Real estate stock in focus as company allots 5 lakh equity shares

The stock's 14-day relative strength index (RSI) is 82.46. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of RDB Infrastructure and Power are in focu as the company has informed exchanges about the allotment of 5 lakh equity shares on conversion of warrants. Amid this update, the stock started the trading session in the green at Rs 73.40 against the previous close of Rs 73.35 on the BSE. During the day, the stock touched its intraday high and low of Rs 76 and 58.75 respectively.…

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21

Jan

By The Press Editor

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Business

After bagging project under PM Surya Ghar scheme, this renewable stock in focus again, check details

The stock is trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Its 14-day relative strength index (RSI) is 17.87. Mumbai: Shares of Servotech Renewable Power System Ltd, an NSE-listed company that develops tech-enabled EV charging solutions, are in focus after the company informed exchanges that it has incorporated a wholly owned subsidiary. Following this, the stock started the session flat at Rs 65.85, even as benchmark equity indices Sensex and Nifty drifted lower in early trade amid heightened geopolitical tensions, weak global markets, and persistent foreign fund outflows that rattled investor sentiment. The 30-share BSE Sensex…

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21

Jan

By The Press Editor

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Business

Gold, silver hit new record highs on MCX amid renewed trade-war concerns | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price was up by 2.13 per cent to approximately USD 4,867.4 per troy ounce. The spot gold price at 10:40 am was USD 4,865.87 per ounce, up by USD 104.74 or 2.20 per cent. Mumbai: Rates of precious metals in futures trade continued to surge on Wednesday, January 21, 2026, amid renewed trade-war concerns after President Trump escalated tariff threats on select European nations opposing US control over Greenland, with proposed duties rising from 10% in February to 25 per cent by June. The gold February 5…

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21

Jan

By The Press Editor

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Business

Market Opening Bell: Sensex falls 385 points, Nifty below 25,150 amid weak global cues

Sensex, Nifty Today: In early trade, market breadth was negative, with 936 stocks advancing against 1,636 stocks declining on the NSE. 109 stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the red on Wednesday, January 21, 2026, amid weak global cues, as a global sell-off was triggered by renewed trade-war concerns after President Trump escalated tariff threats against select European nations opposing US control over Greenland. While the 30-share BSE Sensex shed 385.82 points to start the session at 81,794.65, the Nifty fell 91.5 points to open at 25,141. In the last trading session,…

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21

Jan

By The Press Editor

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Business

Amagi Media Labs IPO listing LIVE: Check latest GMP as stock set to debut on bourses

Amagi Media Labs IPO listing on NSE, BSE: The Bengaluru-based company, founded in 2008, raised about Rs 805 crore from anchor investors ahead of the public issue. Mumbai: The initial public offering (IPO) of cloud-based software-as-a-service (SaaS) company Amagi Media Labs Ltd received 30.22 times subscription on the final day of bidding on Friday. According to the data available on the National Stock Exchange (NSE), the issue received bids for 82,40,12,260 shares against 2,72,66,589 shares on offer. Ahead of the IPO, the company raised about Rs 805 crore from anchor investors. The Bengaluru-based company, which was founded in 2008, provides…

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21

Jan

By The Press Editor

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Business

Union Budget 2026: Steel industry seeks support for scrap usage, faster green steel transition

In its budget wishlist, the Indian Steel Association (ISA) has sought measures to promote increased use of scrap for green steel production. New Delhi: Ahead of the Union Budget, stakeholders from the domestic steel industry have urged the government to introduce measures to promote greater use of scrap in green steel production, a priority as India intensifies efforts to cut carbon dioxide emissions. Green steel production focuses on adopting low-carbon technologies and increasing the use of alternative raw materials, including scrap, to reduce the sector’s environmental footprint. Steel Association seeks measures to promote increased use of scrap  In its pre-budget…

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20

Jan

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Business

Union Budget 2026: Electricity Amendment Bill likely in February session | All you need to know

The government is preparing to introduce the Electricity Amendment Bill in the upcoming Budget session with the goal of improving discom finances and streamlining reforms in the power sector. While profits have begun to return for many utilities, several discoms remain loss-making. New Delhi: Union Power Minister Manohar Lal Khattar on Monday indicated that the long-awaited Electricity Amendment Bill is expected to be introduced in the upcoming Budget session of Parliament. The proposed legislation aims to overhaul the power sector and help debt-laden distribution companies regain financial stability. Lal made these remarks during the inauguration of the IIT Delhi CERC…

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20

Jan

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Business

India far ahead of the US, China and Pakistan in new Responsible Nations’ Index

Responsible Nations' Index (RNI) is a first-of-its-kind global index that evaluates countries based on how responsibly they exercise power towards their citizens, global community and the planet. New Delhi: India is far ahead of nations like the United States, China and Pakistan in the Responsible Nations' Index (RNI) launched by former President Ram Nath Kovind. While Singapore ranked first, Switzerland was second and Denmark third. The Central African Republic stood last on the 154-nation index. India's neighbour, Pakistan, was in the 90th place. China was ranked 68th and the US 66th, according to the RNI. What is the Responsible Nations'…

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20

Jan

By The Press Editor

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Business

AM Green Group signs MoU with UP government for 1 GW compute data centre, check details

This facility will be designed to meet the requirements of global hyperscalers, frontier labs, enterprises, and India’s sovereign AI initiatives at scale and in a speedy manner using carbon-free energy. Lucknow: AM Green Group, an energy transition platform backed by the founders of Greenko Group, has signed a Memorandum of Understanding (MoU) with InvestUP, the Government of Uttar Pradesh, to establish a 1 GW data centre to serve global AI workloads. AM Green will establish an AI infrastructure hub in the Greater Noida region in Uttar Pradesh. This grand-scale project will be developed in a phased manner, with the first…

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