Business

29

Aug

By The Press Editor

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Business

Reliance AGM 2025: Jio IPO likely by first half of 2026, says Mukesh Ambani

Reliance AGM 2025: The listing, expected to be one of the biggest in India’s market history, could raise over Rs 50,000 crore. New Delhi: Reliance Industries Ltd. (RIL) Chairman and Managing Director Mukesh Ambani on Friday said that the company plans to list Jio in the first half of 2026. Addressing the shareholders during Reliance Industries’ 48th Annual General Meeting (AGM), Ambani stated that Jio is making all necessary arrangements to file for its IPO, and it will be a good opportunity for all investors.  "Today, it is my proud privilege to announce that Jio is making all arrangements to…

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29

Aug

By The Press Editor

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Business

Mercury EV Tech meets delegates of Korea Smart e-Mobility Association to explore collaboration

EV Stock In Focus: Technically, the stock trades higher than the 5-day and 20-day moving averages but lower than the 50-day, 100-day and 200-day moving averages. Mumbai: In a bid to explore collaboration between India and Korea for the development of electric two-wheelers and lithium-ion batteries, homegrown electric vehicle company Mercury EV Tech met with a delegation from the Korea Smart e-Mobility Association (KEMA). The meeting was held at the Gujarat Chamber of Commerce & Industry (GCCI).  "The meeting was attended by Mr. Deuk-un Lee, Chairman of KEMA and Chairman of HB e-Mobility; Prof. Jung-Suk Ryou, Chief Representative for India,…

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29

Aug

By The Press Editor

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Business

Gold, Silver Rates Today (August 29): Gold gains, silver loses shine on MCX | Check city-wise rates

In the international market, the COMEX gold price remained almost unchanged, trading at around USD 3,469.5 per troy ounce with a dip of 0.14 per cent. The spot gold price at 12:20 pm was USD 3,410.04 per ounce, down by 0.15 per cent. Mumbai: Gold Price Today, Gold MCX Rate: The gold price on MCX gained in the opening session on Friday, August 29, 2025, as investors await a key inflation report that could influence the US Federal Reserve’s decision on interest rates next month. The gold October 3 contract on the Multi Commodity Exchange (MCX) opened with a gain…

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29

Aug

By The Press Editor

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Business

Multibagger Dividend Stock Under Rs 50: BSE-listed company fixes record date for dividend payment – Full details

Dividend Stock In Focus: According to BSE Analytics, the stock has yielded a multibagger return of 38990 per cent in five years and 443 per cent in three years. Mumbai: Shares of infra-to-energy player Hazoor Multi Projects Ltd are in focus as the company has announced a record date to determine the eligibility of shareholders for the payment of the final dividend. the stock started the trading session in green at Rs 42.40 against the previous close of Rs 42.36 on the BSE. The scrip gained further to touch the intraday high of Rs 43.50. The stock has gained after…

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29

Aug

By The Press Editor

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Business

CGPOWER Share Price: Stock in action as subsidiary unveils first end-to-end OSAT facilities in Gujarat

With this launch, CG Semi becomes one of India’s first full-service Outsourced Semiconductor Assembly and Test (OSAT) providers, offering solutions across both traditional and advanced packaging technologies. Mumbai: Shares of CG Power and Industrial Solutions Limited are in action today, August 29, 2025, as the company has announced the launch of its first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. The stock opened gap up with a gain of 3.81 per cent at Rs 688.95 on the BSE against the previous close of Rs 663.65 amid a spurt in volume by more than 2.34 times. However, the…

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29

Aug

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty flat amid positive global cues, Nifty FMCG gains 1.58%

Sensex, Nifty Today: In early trade, 1,505 stocks in the Nifty pack were trading in the green, while 871 were trading in the red. Seventy-seven stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the session in the red on Friday, August 29, 2025, despite positive global cues. The 30-share BSE Sensex shed 69.74 points to start the session at 80,010.83; the Nifty fell 34.2 points to open at 24,466.70. In the last trading session, the Sensex closed at 80,080.57 and the Nifty 50 at 24,500.90. Similarly, the broader indices also traded in the red in…

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28

Aug

By The Press Editor

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Business

Government to expedite rollout of export promotion mission amid US tariffs

The USA's steep 50 per cent tariffs on Indian goods entering America will severely impact exports and job creation in labour-intensive export sectors such as shrimp, apparel, leather and gems and jewellery. New Delhi: To extend support to exporters amid additional tariffs by the United States, the government is trying to speed up the rollout of the export promotion mission, a government official said on Thursday. The remarks come a day after the US imposed a total of 50 per cent tariffs on Indian shipments. The official said that exporters have sought help on the liquidity front and all issues…

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28

Aug

By The Press Editor

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Business

Four new flyovers to come up in Gurugram: Check key locations, deadline, project cost

Four new flyovers in Gurugram: Union Minister Harsh Malhotra said four new flyovers at Panchgaon Chowk, Rathiwas, near Hero Company, and Sahlawas, as well as Foot Over Bridges (FOBs) at nine strategic locations, will be built at an estimated cost of Rs 282 crore. Gurugram: Here comes a piece of good news for the commuters in Gurugram. Four new flyovers are scheduled to be constructed soon to alleviate traffic congestion in the city. In this regard, Union Minister of State for Road, Transport and Highways Harsh Malhotra has laid the foundation stone at Panchgaon Chowk, Rathiwas, near Hero Company, and…

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28

Aug

By The Press Editor

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Business

Trump’s tariff war brings Beijing-New Delhi closer? Know about Chinese President Jinping’s secret letter to India

According to the Ministry of External Affairs (MEA), the two sides also agreed to take practical steps to facilitate visas and promote exchanges between the media and think tanks. New Delhi: A lot is being talked about US President Donald Trump's doubling of tariffs on imports from India to 50 per cent, as a punishment for buying oil from Russia. Some of the first tariffs announced by Trump targeted China, Canada, and Mexico. However, these were later amended, increased or postponed. Earlier this month, he reportedly delayed the implementation of high US tariffs on Chinese goods for another 90 days.…

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28

Aug

By The Press Editor

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Business

Indian Railways to upgrade Vande Bharat Express trains with more coaches on seven routes, check full list

Vande Bharat Express: A Railway Board official further said apart from these upgrades, more 20-car Vande Bharat trains will be ready for launches and one 16-car train will be available for augmentation. New Delhi: Train passengers will enjoy more comfort as the Indian Railways said it will soon upgrade the Vande Bharat Express trains with more coaches on seven operational routes after considering the high occupancy of passengers. An Indian Railways official told news agency PTI that at present four 8 coaches (also called cars) and three 16 coaches Vande Bharat trains are operational on these routes. “The 16-car…

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