Business

02

Sep

By The Press Editor

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Business

Update on Rs 2,000 notes: Here’s what Reserve Bank of India said – Check details

Update on Rs 2000 notes: The public can send Rs 2000 banknotes through India Post from any post office within the country, to any of the RBI issue offices for credit to their bank accounts. New Delhi: The high-value Rs 2000 notes, introduced after the demonetisation of Rs 500 and Rs 1000 notes in 2016, were introduced to remonetise the economy. However, the Reserve Bank of India (RBI) announced the withdrawal of the Rs 2000 denomination banknotes from circulation on May 19, 2023, as they were not used often for everyday purchases. Although it remains legal tender, the central bank…

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02

Sep

By The Press Editor

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Business

Bairabi–Sairang Railway Line: 142 bridges, 48 tunnels, and other details about 51-km-long engineering wonder

Bairabi–Sairang Railway Line: Once operational, the Bairabi-Sairang railway line will curtail the Guwahati-Aizawl journey from a road trip of 14-18 hours to about 12 hours by train. New Delhi: The connectivity in India’s northeast is slated to get a boost as Mizoram braces for the Bairabi-Sairang railway line, which is nearing completion. This development will bring the state’s capital, Aizawl, to the country’s national railway map for the very first time. The project spans a distance of 51.38 kilometres and aims to boost connectivity in the region. It is set to drastically reduce the travel time while opening new opportunities…

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02

Sep

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Business

Delhi to Meerut in just 30 Minutes? Here’s how Namo Bharat and Meerut Metro will make it happen

Both the facilities - Meerut Metro and Namo Bharat - are currently undergoing trials with expectations of them being operational soon. New Delhi: The travel between Delhi and Meerut is set to get smoother as the long-awaited Namo Bharat and Meerut Metro are set to be unveiled soon. The introduction of these facilities will ease travelling by significantly curtailing the travel time. The travel experience is going to get better with shared tracks for flawless connections, new-age technology, and modern stations.  Moreover, Namo Bharat is a part of the Delhi-Meerut Regional Rapid Transit System (RRTS), and it runs at speeds…

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02

Sep

By The Press Editor

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Business

ITR Status: Here’s how to check status online using PAN – Step-by-step guide

The Income Tax Department has simplified the process of checking the tax returns online. You just need to have the User ID, password, and PAN linked with Aadhaar to be able to check the refund status. New Delhi: As the Income Tax Return (ITR) season is underway, it is crucial for taxpayers to verify whether they have successfully paid their income tax. They can do so by checking if the Income Tax department has successfully processed and verified the ITR. By checking the ITR status, taxpayers are able to easily address the issue in filing the tax and can also…

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02

Sep

By The Press Editor

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Business

Nestle CEO Laurent Freixe: Here’s why the veteran was fired by the Swiss food giant after almost 40 years

Nestle CEO Laurent Freixe: The Swiss food giant has not shared any further details about the investigation and has not disclosed any information related to Freixe’s compensation for his brief tenure at the top post. Washington: Nestle, the world's largest food company, has fired its chief executive officer (CEO), Laurent Freixe, after an internal investigation found that he was engaged in an undisclosed romantic relationship with a direct subordinate, in violation of the company’s code of conduct. Freixe, who had been CEO for a year, was about to retire in a year. The Swiss food giant has not shared any…

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02

Sep

By The Press Editor

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Business

652% return in 2 years: Smallcap infra stock in focus as board approves incorporation of new company – Details here

The stock has a 52-week high of Rs 62.68, hit on April 4, 2025, and a 52-week low of Rs 36.13. The market cap of the company is Rs 647.78 crore. Mumbai: Shares of smallcap infra company RDB Infrastructure and Power are in focus as the company has informed exchanges that its board of directors has approved the incorporation of a new company. Naar Projects Private Limited is the proposed name of the company and it will serve as a Special Purpose Vehicle (SPV) for the implementation of a specific project. RDB Infrastructure plans to acquire a 26 per cent…

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02

Sep

By The Press Editor

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Business

This BSE smallcap NBFC stock gains over 7% amid fundraising move – Check details

NBFC Stock in Focus: In an exchange filing, the company stated that its board will meet on September 4, 2025 to consider and approve the proposal to raise funds. Mumbai: Shares of the LIC-backed non-banking financial company (NBFC) Paisalo Digital surged over 7 per cent on Tuesday, September 2, 2025 as the company has informed exchanges about plans to raise funds. The counter opened flat at Rs 30.14 on the BSE, but later gained amid a spurt in volume by more than 4.09 times and touched the high of Rs 32.49, representing a gain of 7.79 per cent. Last seen,…

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02

Sep

By The Press Editor

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Business

Sugar stock under Rs 50 gains after this government order on ethanol production – Check details

Stock Sugar In Focus: The board of directors of the company has recommended a final dividend of 26 per cent or Rs 0.26 per equity share with a face value of Re 1 apiece. Mumbai: Shares of BCL Industries, a significant Indian producer of grain-based ethanol, gained around 4 per cent on Tuesday, September 2, 2025, as the government has permitted sugar mills and distilleries to produce ethanol without any quantitative restrictions in the 2025-26 marketing year starting in November. The stock began the session in the green at Rs 40.26 on the BSE, against the previous close of Rs…

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02

Sep

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Business

Gold, Silver Rates Today (September 2): Gold gains on MCX, silver too shines | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price gained around 1.27 per cent, trading at approximately USD 3,560.8 per troy ounce. The spot gold price at 11:30 am was USD 3,486.2 per ounce, up by 0.25 per cent. Mumbai: The gold and silver prices on the MCX gained on Tuesday, September 2, 2025, amid a weak dollar and expectations of a rate cut by the US Federal Reserve. The gold October 3 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 75 at Rs 1,04,850 per 10 grams against the…

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02

Sep

By The Press Editor

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Business

Market Opening Bell: Sensex gains 155 points, Nifty above 24,650, Reliance jumps 1.50%

Sensex, Nifty Today: Gift Nifty, an early indicator for the Nifty 50, indicated a positive start as it opened with a gain of 26.5 points at 24,755, compared to the previous close of 24,728.50. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, continued the gains of yesterday to start the session in green on Tuesday, September 2, 2025. The 30-share BSE Sensex added 155.6 points to start the session at 80,520.09; the Nifty gained 27.95 points to open at 24,653. In the last trading session, the Sensex closed at 80,364.49 and the Nifty 50 at 24,625.05. Similarly, the broader…

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