Business

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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13

Apr

By The Press Editor

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Business

Pakistan Stock Exchange tanks over 5,000 points as US-Iran talks end without breakthrough

Islamabad: Pakistan Stock Exchange (PSX) plunged over 5,000 points on Monday after the United States and Iran failed to reach a peace deal at their historic 21-hour talks in Islamabad. Market trades on a cautious note in the opening session, and by midday, the benchmark KSE-100 (Karachi Stock Exchange) Index fell sharply by 5,353.67 points, as heavy selling was witnessed by investors at the outset. The KSE-100 Index dropped 4,567.31 points or 2.73 per cent to 1,62,624.06 within two hours of trading starting on the floor. Later, despite the intra-day volatility, the index showed signs of recovery as the bourse…

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13

Apr

By The Press Editor

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Business

Dividend Stocks: Are they silent wealth builders for long-term investors? Find out here

New Delhi: Markets have been highly volatile of late, and this has shifted focus to dividend stocks among long-term investors. Gone are the days when investment in dividend stocks was regarded as a slow, income-only strategy meant for retirees or conservative investors. According to experts, meaningful long-term wealth creation occurs when regular dividend payments are combined with capital appreciation, especially in businesses available at reasonable or low valuations. Paresh Bhagat, Chief Investment Officer (CIO), Veer Growth Fund (AIF), Chairman at Mangal Keshav Financial Services, is of the view that the right way to view dividend stocks is through total shareholder…

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13

Apr

By The Press Editor

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Business

Om Power Transmission IPO GMP fall on last day of subscription, check full details

Mumbai: Today is the last day of the three-day subscription window for the initial public offering (IPO) of Om Power Transmission. On the final day of the offering, the initial share sale has so received 1.18 times subscription. According to data available on the National Stock Exchange (NSE), the IPO got bids for 70,94,355 shares against 60,02,730 shares on offer. The portion meant for non-institutional investors attracted 1.38 times subscription. The category for retail individual investors (RIIs) received 91  per cent subscription, and the quota for qualified institutional buyers (QIBs) got subscribed 1.52 times. Om Power Transmission GMP Today According…

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13

Apr

By The Press Editor

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Business

Gold price falls by Rs 1,105, silver down around 2.5% on MCX amid rise in oil prices | Check city-wise rates

Mumbai: Rates of precious metals in futures tumbled on Monday, April 13, 2026, amid a surge in oil prices following failed US-Iran peace talks and a strong dollar. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 1,105 or 0.72 per cent at Rs 1,51,547 per 10 grams against the previous close of Rs 1,52,652. It later gained to touch the intraday high of Rs 1,51,999. Last seen, it was trading at Rs 1,51,910, down Rs 742 or 0.49 per cent. On the MCX, the yellow metal futures for August 2026 were…

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13

Apr

By The Press Editor

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Business

1896% return in 10 years: This NBFC stock in focus for Rs 30 dividend, check record date and other details

Mumbai: Stock markets remain volatile amid rising geopolitical tensions and aggressive selling by foreign institutional investors (FIIs), withdrawing Rs 48,213 crore (USD 5.14 billion) in the first 10 days of April. Amid this volatility, there is an opportunity for investors seeking additional profit, as a stock will soon trade ex-date for an interim dividend. The non-banking financial company (NBFC)has also fixed a record date to determine the eligibility of shareholders for this corporate action. However, those considering investing in this stock to gain benefits of the corporate action announced by the company, investors must buy the stock before the ex-date,…

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13

Apr

By The Press Editor

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Business

Ola Electric Share Price: Stock tumbles 7% despite good news for electric vehicles post Delhi draft EV Policy 2026

Mumbai: After a strong rally of over 50 per cent in the month of April, shares of Ola Electric tumbled over 7 per cent on Monday, April 13, 2206. The correction in the stock comes despite some positive news for electric vehicle manufacturers following Delhi's draft EV policy. The stock opened gap down with a fall of 3.4 per cent at Rs 39.51 against the previous close of Rs 40.90 on the BSE. Amid profit booking, the stock dipped further to touch a low of 39.75, representing a 7.09 per cent dip from the previous close. Last seen, the stock was…

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13

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex slips 1,613 points, Nifty below 23,600 amid renewed geopolitical concerns

Mumbai: After a stellar rally next week, Indian equity benchmark indices, the Sensex and Nifty, opened gap down on Monday amid weak global cues following failed US–Iran talks and rising crude oil prices. While the 30-share BSE Sensex tumbled 1,613.09 points or 2.08 per cent to start the session at 75,937.16, the Nifty fell 461 points to open at 23,589.60. In the last trading session, the Sensex closed at 77,550.25 and the Nifty 50 at 24,050.60. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index shed 415.11 points, the BSE Smallcap Select…

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11

Apr

By The Press Editor

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Business

Govt hikes export duty on diesel to Rs 55.5 per litre from Rs 21.5 per litre, ATF to Rs 42 per litre

New Delhi: The Central government on Saturday hiked export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 a litre. The duty hikes would be applicable with immediate effect, the finance ministry said in a notification. Duty on export of diesel has been increased from Rs 21.5 per litre “The duty on export of diesel has been increased from Rs 21.5 per litre to Rs 55.5 per litre. Duty on ATF (Aviation Turbine Fuel) has been increased from Rs 29.5 per litre to Rs 42 per litre. Export duty on…

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10

Apr

By The Press Editor

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Business

Jet fuel price surge hits airlines hard as IndiGo, Air India hike fares to tackle soaring costs

New Delhi: A sharp spike in global jet fuel prices triggered by rising tensions between the United States, Israel and Iran has begun to impact aviation markets worldwide. Over the past few weeks, aviation turbine fuel has shot up from 85 to 90 dollars per barrel to nearly 150 to 200 dollars per barrel. Since fuel accounts for nearly 25 per cent of operating costs for most airlines, carriers are now resorting to fare hikes and financial restructuring to stay afloat. IndiGo, Air India begin raising ticket prices Major carriers including Air India, IndiGo and United Airlines have already revised…

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