Business

05

Sep

By The Press Editor

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Business

Market Opening Bell: Sensex gains 294 points, Nifty above 24,818, M&M up nearly 2%

Sensex, Nifty Today: In early trade, 1,500 stocks in the Nifty pack were trading in the green, while 698 were trading in the red. Sixty-seven stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, gained in the opening session on Friday, September 4, 2025, amid strong global cues. The 30-share BSE Sensex added 294.41 points to start the session at 81,012.42; the Nifty gained 28.15 points to open at 24,818.85. In the last trading session, the Sensex closed at 80,718.01 and the Nifty 50 at 24,790.70. Similarly, the broader indices also traded in the green in the…

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05

Sep

By The Press Editor

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Business

Stock Market Holiday: Are NSE, BSE open or closed today for Eid-e-Milad? Find out

NSE holidays 2025, BSE Holidays 2025: Banks in several states are closed for Eid-e-Milad-un-Nabi or Id-E-Milad, which marks the birth anniversary of Prophet Muhammad. Mumbai: As investors and traders prepare for the last trading session of the week, there is confusion about whether the stock markets - National Stock Exchange (NSE) and BSE - are open or closed today. This is because banks will remain closed in some parts of the country today, i.e. on September 5, 2025. According to the Reserve Bank of India's list of holidays, both public and private sector banks will remain closed on this day…

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04

Sep

By The Press Editor

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Business

Upper Circuit: Smallcap stock surges 20% amid GST revamp – Check details

Stock in focus: According to BSE Analytics, the stock has given a multibagger return of 8614.29 per cent in 10 years and 297.65 per cent in five years. Mumbai: Shares of Hyderabad-headquartered MIC Electronics Limited skyrocketed on Thursday, September 4, 2025, as the GST Council approved a two-tier rate structure of 5 and 18 per cent during a marathon 56th meeting that lasted for 10.5 hours. Shares of the company opened in green, with a slight change at Rs 52, up from the previous close of Rs 51.52. However, it surged amid a spurt in volume by more than 13.80…

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04

Sep

By The Press Editor

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Business

After final dividend, this realty stock in focus as firm approves allotment of 60,000 equity shares

The 52-week high of the stock is Rs 63.90, hit on September 12, 2024. The 52-week low of the scrip is Rs 32. The market cap of the company stood at Rs 910 crore. Mumbai: Shares of Infra-to-energy player Hazoor Multi Projects Ltd remained in focus on Thursday as the company has informed exchanges that its fund-raising committee has considered and approved the allotment of 60,000 equity shares having a face value of Re 1 each. The company said that 82,90,950 total warrants are outstanding for conversion. "These warrant holders are entitled to get their warrants converted into an equal…

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04

Sep

By The Press Editor

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Business

This NBFC to issue 5,000 non-convertible debentures – Check coupon rate, tenure and other details

The shares of the company started the trading session in green at Rs 34 against the previous close of Rs 33.33. The stock gained further to hit a high of Rs 35.26, representing a 5.79 per cent gain. Mumbai: Life Insurance Corporation of India-backed non-banking financial institution (NBFC) firm Paisalo Digital has informed exchanges that the operations and finance committee of the board of directors of the company has approved raising Rs 50 crore through the issuance of debt securities via private placement. According to the information shared, the company will issue up to 5,000 non-convertible debentures (NCDs) with a…

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04

Sep

By The Press Editor

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Business

This steel products company to create additional equity shares – All you need to know

Stock markets rose for the second consecutive day on Thursday, with the benchmark BSE Sensex closing higher by 150 points after the GST rate cuts announced on commonly used personal items and daily essential products. Mumbai: The authorised share capital of the iron and steel products company Rathi Steel and Power Ltd has been set for an adjustment as the company has informed exchanges that it plans to create an additional 8,51,853 equity shares of Rs 10 each, aggregating to Rs 85.18 lakh. At the same time, the company will cancel and reclassify 4.08 lakh unissued preference shares having a…

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04

Sep

By The Press Editor

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Business

No GST on life insurance, health insurance – Here’s how much you will save on your premium

Finance Minister Nirmala Sitharaman said all individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance are exempt from GST. New Delhi: All individual health insurance policies, including family floater policies and policies for senior citizens and reinsurance thereof, will also be exempt from GST, she said. Announcing the outcome of the 56th GST Council meeting, Finance Minister Nirmala Sitharaman said all individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance are exempt from GST. Since its inception in July 2017, a GST rate of 18 per cent has been levied…

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04

Sep

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Business

Amanta Healthcare IPO Allotment: Easy steps to check status online, GMP and other details

For individuals who didn’t get shares, the refund process will start on September 8 (Monday). On the other hand, investors who have been offered shares will receive them in their Demat accounts on Monday itself Mumbai: Investors and market observers are eagerly waiting for the Amanta Healthcare IPO allotment date, which will see the finalisation of share allocation. To check the Amanta Healthcare IPO allotment status, investors can visit the Amanta Healthcare IPO's registrar portal. The portal is MUFG Intime India Pvt. Ltd (Link Intime India). Amanta Healthcare IPO was opened for subscription on September 1 (Monday) and was closed…

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04

Sep

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Business

Big boost for real estate, say industry experts on GST relief on construction materials

The central government's decision to reduce the Goods and Services Tax (GST) on cement and steel has been hailed as a game-changing move by leaders from the real estate industry. New Delhi: GST Council has approved a complete overhaul of the Goods and Services Tax (GST) regime. The panel approved simplifying the GST from the current four slabs - 5 per cent, 12 per cent, 18 per cent and 28 per cent - to a two-rate structure of 5 per cent and 18 per cent. A special 40 per cent slab is also proposed for a select few items such…

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04

Sep

By The Press Editor

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Business

Bank Holiday: Are banks open or closed tomorrow, on September 5? Check details here

Bank Holiday on September 5, 2025: If you are planning to go to the bank, you must check whether banks are open or closed in your state. New Delhi: Banks will remain closed in some parts of the country on Friday, September 5, 2025. According to the Reserve Bank of India's list of holidays, both public and private sector banks will remain closed on this day due to Eid-e-Milad un-Nabi and Thiruvonam (Onam) festivals. If you are planning to go to the bank, you must check whether banks are open or closed in your state. As it is not a…

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