Business

19

Jan

By The Press Editor

0 Comments

Business

1018% return in 5 years: Smallcap stock in focus as firm issues assurance for Rs 5 crore subsidiary loan

Technically, the trades higher than the 100 day and 200 day moving averages but lower than the 5-day, 20-day and 50-day moving averages. Mumbai: Shares of Ahmedabad-based education services provider Shanti Educational Initiatives Ltd (SEIL) are in focus as the company has issued a “letter of comfort” to ICICI Bank for a nearly Rs 5 crore loan undertaken by a subsidiary, according to an exchange filing. “The Letter of Comfort has been issued to the ICICI Bank Limited, in favour of Uniformverse Private Limited, Subsidiary Company,” SEIL informed the stock exchanges through its filing. Meanwhile, the stock started the trading…

Read More

19

Jan

By The Press Editor

0 Comments

Business

Budget 2026: Big relief for crypto investors ahead? Will the 30% tax be cut or will digital rupee take over?

Prior to the Union Budget 2026, the demand for the crypto industry is clear. Exchanges and Web3 companies seek the 1 per cent TDS to be reduced to 0.01 per cent. New Delhi: With the Union Budget 2026 around the corner, Indian cryptocurrency investors are eagerly waiting for any potential change in the realm of the digital asset industry in the country. As the sector has been facing heavy taxes and stringent regulations in recent years, it is now hopeful to witness some significant changes this time.  The crucial question the crypto industry wants answered is: will Budget 2026 bring…

Read More

19

Jan

By The Press Editor

0 Comments

Business

Union Budget 2026: Tax slabs set for a big shake-up or higher exemption limit ahead? All eyes on FM Nirmala Sitharaman

In the Union Budget 2025, the government offered a huge relief to the middle class by announcing that income up to Rs 12 lakh per annum would be tax-free under the new tax regime. New Delhi: With the Union Budget 2026 slated to be presented by Finance Minister Nirmala Sitharaman in Parliament on February 1st, taxpayers are grappling with excitement regarding any potential change in the tax slabs. Millions of salaried and middle-class taxpayers across the country will be on their toes to know any change in the tax slabs.  Govt's focus on new tax regime In previous years, the…

Read More

19

Jan

By The Press Editor

0 Comments

Business

International Monetary Fund raises India’s FY26 growth forecast to 7.3% despite global tariff uncertainty

For calendar years 2026 and 2027, the International Monetary Fund forecast growth of 6.3 per cent and 6.5 per cent, respectively. New Delhi: Despite global uncertainties and tariff tensions, the International Monetary Fund (IMF) has raised its growth forecast for India’s economy in fiscal year 2026 by 0.7 percentage points to 7.3 per cent. The IMF estimates India's economy to grow by 7.3 per cent in 2025, followed by 6.4 per cent in both 2026 and 2027, significantly outperforming global and advanced economy averages. "In India, growth is revised upward by 0.7 percentage points to 7.3 per cent for 2025, reflecting…

Read More

19

Jan

By The Press Editor

0 Comments

Business

Chemical stock below Rs 50 in focus as company allots 50 lakh equity shares, check details here

The stock's 14-day relative strength index (RSI) is 36.52. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of Fineotex Chemical Ltd, which manufactures speciality chemicals, are on investors' radar as the company has informed exchanges about the allotment of 50,00,000 equity shares pursuant to the exercise of warrants allotted on a preferential basis. Amid this, the stock started the trading session in the green even as equity benchmark indices Sensex and Nifty declined in early trade, dragged by blue-chips Reliance Industries and ICICI Bank and…

Read More

19

Jan

By The Press Editor

0 Comments

Business

Homegrown tech company expands global footprint with wholly owned subsidiary in Europe, check share price

Technically, the stock trades higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day and 200-day moving averages. Mumbai: Shares of Cellecor Gadgets Limited, one of India’s fastest-growing consumer electronics and lifestyle technology companies, are in focus as the company has expanded its global footprint with the incorporation of a wholly-owned subsidiary company in Europe. The NSE SME stock began the session in the red as equity benchmark indices Sensex and Nifty declined in early trade amid global tariff uncertainties. The 30-share BSE Sensex declined 320.69 points to 83,249.66 in early trade. The 50-share NSE Nifty went…

Read More

19

Jan

By The Press Editor

0 Comments

Business

Stocks to watch today: BHEL, IRFC, HDFC Bank, and NLC India among shares in focus

Stocks to watch today: Shares of companies like BHEL, LTIMindtree, Hindustan Zinc, Havells India, Punjab National Bank and IRFC will be in focus as they are set to announce their quarterly results for the October-December quarter of FY2026. Mumbai: Last week, the Indian benchmark indices saw volatile trading. The Nifty and Sensex closed the week largely unchanged. However, they showed some signs of recovery after a multi-session decline, led by strong performances in select IT and banking stocks following positive earnings surprises. Amid ongoing geopolitical tensions and tariff-related uncertainties, markets are expected to open on a range-bound note with a…

Read More

19

Jan

By The Press Editor

0 Comments

Business

Silver price today breaches Rs 3,00,000 per-kg mark, gold at record high on MCX | Check city-wise rates

Silver price today, gold price today: The silver futures, maturing on March 5, 2025, started the session in the green. It gained further to hit the high of Rs 3,01,315 per kg on the MCX, representing a gain of Rs 13,553 or 4.71 per cent. Mumbai: Rates of precious metals in futures trade skyrocketed on Monday, January 19, 2026, fueled by a strong shift toward safe-haven assets amid renewed trade tensions between the US and Europe. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 804 at Rs 1,43,321 per 10 grams…

Read More

19

Jan

By The Press Editor

0 Comments

Business

Market Opening Bell: Sensex, Nifty open in red amid global tariff uncertainties

In early trade, market breadth was negative, with 715 stocks advancing against 1,915 stocks declining on the NSE. 105 stocks remained unchanged. Mumbai: After volatile trading sessions last week, Indian equity benchmark indices, the Sensex and Nifty, opened in the red on Monday, January 19, 2026, amid weak global cues, tariff uncertainties, and persistent selling by Foreign Institutional Investors (FIIs). While the 30-share BSE Sensex shed 75.86 points to start the session at 83,494.49, the Nifty fell 41.25 points to open at 25,653.10. In the last trading session, the Sensex closed at 83,570.35 and the Nifty 50 at 25,694.35. Similarly,…

Read More

19

Jan

By The Press Editor

0 Comments

Business

BCCL IPO listing date today: Shares likely to make strong debut on BSE, NSE, check latest GMP

BCCL IPO listing today: The public issue received bids for 50,93,44,51,200 shares against 34,69,46,500 shares on offer, as per NSE data. Mumbai: After receiving a strong response from investors, shares of Bharat Coking Coal Ltd are set to debut on the bourses today, i.e. on January 19, 2025. The initial public offering of Bharat Coking Coal Ltd got subscribed a massive 146.81 times on the final day of bidding. The public issue received bids for 50,93,44,51,200 shares against 34,69,46,500 shares on offer, as per NSE data. Earlier, the highly anticipated market debut was rescheduled from its original listing date of…

Read More