Business

07

Jan

By The Press Editor

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Business

Stock below Rs 20 hits 20% upper circuit even as stock markets decline in morning trade: Check details

Technically, the scrip trades higher than the 5-day, 20-day, 50-day and 100-day moving averages but lower than the 200-day moving averages. Mumbai: Shares of garments and apparel company Lorenzini Apparels are in focus as the company was locked in a 20 per cent upper circuit in today's trading session, even as benchmark indices Sensex and Nifty drifted lower in early trade amid geopolitical tensions and renewed concerns about potential US tariff hikes, which weighed on investor sentiments. The stock opened gap up with a gain of 17.2 per cent at Rs 10.90 against the previous close of Rs 9.30 on…

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07

Jan

By The Press Editor

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Business

Bengaluru’s Kempegowda Airport to get new transit system, switching between terminals to be easier

Being rail-based transport systems, Automated People Movers are driverless and are specifically designed for short-distance, high-frequency travel. Bengaluru: Moving between terminals at Bengaluru’s Kempegowda International Airport (KIA) is going to get easier, as there are plans to introduce an Automated People Mover (APM). Marking a key major stride towards modernising inter-terminal connectivity at one of India’s busiest airports, bids have been invited by Bangalore International Airport Limited (BIAL), which operates the airport. Bids are invited for design consultancy services for the proposed system. Automated People Movers Being rail-based transport systems, Automated People Movers are driverless and are specifically designed for…

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07

Jan

By The Press Editor

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Business

GDP to grow by 7.4% in FY2025-26: Govt’s advance estimates

Real GDP or GDP at Constant Prices is estimated to attain a level of Rs 201.90 lakh crore in FY 2025-26, against the Provisional Estimates (PE) of GDP for the FY 2024-25 of Rs 187.97 lakh crore. New Delhi: The Indian economy is likely to grow at 7.4 per cent in 2025-26, up from 6.5 per cent in the previous fiscal, mainly on account of better performance of manufacturing and services sectors, as per the government data released on Wednesday. According to the first advance estimates of national income released by the Ministry of Statistics & Programme Implementation (MoSPI), manufacturing…

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07

Jan

By The Press Editor

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Business

Residential Real Estate: Urbanisation, premiumisation and green living to shape next housing cycle

Homebuyers are increasingly factoring in energy efficiency, air quality, and access to open green spaces while evaluating housing options, driven by health awareness and long-term cost considerations. New Delhi: After years of expansion driven by volume and velocity, the housing sector is steadily transitioning toward value-led growth, where quality, location, and long-term liveability are as important as price. This next phase is being shaped by the convergence of three defining forces—urbanisation, premiumization, and green living. Far from operating in silos, these trends are increasingly intertwined, collectively redefining how and where homes are planned, built, and bought in India’s evolving urban…

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07

Jan

By The Press Editor

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Business

Construction cost to go up as Uttar Pradesh govt hikes development fees for major cities, details here

Previously, the first amendment rules provided some relief for those seeking to construct residential plots of 100 square meters and commercial plots of 30 square meters. Lucknow: The Uttar Pradesh government, led by Chief Minister Yogi Adityanath, has set a new development fee for various cities. The latest move will ensure that a uniform rate will apply to each city in the state. While in Ghaziabad, the development fee has been kept at Rs 4,170; the charge will be Rs 2,475 in Lucknow, Kanpur, and Agra. In this regard, the Department of Housing and Urban Planning has issued a notification…

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07

Jan

By The Press Editor

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Business

FMCG stock under Rs 100 ends 5% higher even as equity markets closed today’s session on subdued note: Details

The stock's 14-day relative strength index (RSI) is 37.56. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of fast-moving consumer goods company Elitecon International ended today's session with a gain of 5 per cent, even as Indian equity markets closed on a subdued and cautious note amid mixed domestic and global cues. Elevated geopolitical tensions and renewed tariff-related concerns continued to cap risk appetite and deter aggressive positioning. Meanwhile, the stock started the session flat at Rs 91.43 and gained to hit an intraday high…

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07

Jan

By The Press Editor

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Business

This BSE smallcap stock in focus after getting credit ratings reaffirmation, check share price

The stock's 14-day relative strength index (RSI) is 38.26. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of BSE smallcap company Nandan Denim traded in the green as rating agency Infomerics Ratings has released updated ratings on the bank facilities of the company. Infomerics Ratings has reaffirmed Nandan Denim's 'IVR BBB/Stable for the long-term bank facilities and ‘IVR A3+' for the short-term facilities. The total rated facilities amount to Rs 339.74 crore. The outlook on the long-term rating continues to remain Stable. The stock opened…

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07

Jan

By The Press Editor

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Business

Stock under Rs 200 in focus as company incorporates new subsidiary, check share price and other details

The stock has a 52-week high of Rs 308, hit on January 7, 2025 and a 52-week low of Rs 127.70, touched on September 30, 2025. Mumbai: Shares of technology-driven financial company Share India Securities are in focus today as the company has informed exchanges that its board has approved the incorporation of a subsidiary. The stock started the trading session in the red as the benchmark indices, Sensex and Nifty, drifted lower in early trade amid geopolitical tensions and sustained foreign fund outflows. The counter opened at Rs 158.50, up from the previous close of Rs 159 on the…

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07

Jan

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Business

Real estate stock hits fresh 52-week high as company shares details on latest acquisition, check details

The stock's 14-day relative strength index (RSI) is 81.91. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of real estate firm RDB Infrastructure and Power hit a fresh 52-week high on Wednesday, January 7, 2025, even as the market remains volatile amid geopolitical tensions and sustained foreign fund outflows. The stock started the trading session in green at Rs 71 against the previous close of Rs 69.42 on the BSE. The stock continued the upward trend and touched a high of Rs 71.50, representing a…

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07

Jan

By The Press Editor

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Business

Silver down by Rs 4,741 on MCX, gold falls by Rs 1,056 amid profit booking | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price was down by 0.41 per cent to approximately USD 4,477.6 per troy ounce. Mumbai: Gold Price Today, Gold MCX Rate: Rates of precious metals in futures trade dipped on Wednesday, January 7, 2026, amid profit booking and the dollar's rise. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 57 at Rs 1,39,140 per 10 grams against the previous close of Rs 1,39,083. However, it dipped amid profit booking and hit a low of Rs 1,38,027, a fall…

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