Business

21

Jul

By The Press Editor

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Business

Gold gains by Rs 1,600 per 10 gram, silver jumps over 2% as crude oil prices decline | Check city-wise rates

Mumbai: Rates of precious metals in futures continued to gain on Tuesday, July 21, 2026, amid a fall in oil prices after gaining the day before. Brent crude, the international standard, fell below USD 90 a barrel, down 0.7 per cent to USD 88.63. However, the price remains well above the roughly USD 72 per barrel level it was at before the war started in late February. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 998 or 0.70 per cent at Rs 1,42,386 per 10 grams against the previous close of…

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21

Jul

By The Press Editor

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Business

SBI Funds Management shares debut at 7% premium over IPO price on NSE, gains post listing

Mumbai: Shares of SBI Funds Management on Tuesday made a decent debut on the bourses and listed with a premium of nearly 7 per cent against the issue price of Rs 574. The stock started trading at Rs 610, up 6.27 per cent from the issue price on the BSE. At the National Stock Exchange (NSE), the stock listed at Rs 613.30, a premium of 6.84 per cent. The company's market valuation stood at Rs 1,25,845.39 crore. However, the company’s market debut was below expectations in the grey market, which had anticipated a premium listing of around 16 per cent. …

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21

Jul

By The Press Editor

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Business

Paytm shares fall over 2% even as company posts its highest-ever quarterly EBITDA of Rs 203 crore

Mumbai: Shares of One 97 Communications Ltd, the parent entity that operates digital payments pioneer Paytm, fell over 2 per cent in the early trade on Tuesday, July 21, 2026, even as the company has reported its highest-ever quarterly EBITDA. In the first quarter of the financial year 2026-27, the fintech major's operating revenue increased 28 per cent year-on-year (YoY) to Rs 2,448 crore, while EBITDA rose 182 per cent YoY to a record Rs 203 crore, with EBITDA margin expanding to 8 per cent. Profit after tax increased 79 per cent YoY to Rs 220 crore. Merchant Gross Merchandise…

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21

Jul

By The Press Editor

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Business

Aastha Spintex shares to be in focus as board to consider bonus issue, dividend on July 23

Mumbai: Shares of Gujarat-based integrated cotton yarn manufacturer Aastha Spintex will be on investors' radar as the company has informed exchanges that the board will soon evaluate issuance of fully paid bonus shares to existing shareholders. A formal record date, ratio and timeline will be announced later. "The Board will evaluate issuance of fully paid bonus shares to existing shareholders in the ratio of up to one new equity share for every one share currently held. The proposal, if cleared, will capitalise free reserves. No fresh funds are being raised," the company said in an exchange filing.  Aastha Spintex Final…

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21

Jul

By The Press Editor

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Business

21 July 2026 Stock Market Updates: Sensex down 58 points, Nifty near 24,200 amid mixed global cues

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened on a cautious note amid mixed global cues on July 20, 2026, as crude oil prices dropped from a one-month high. While the 30-share BSE Sensex dropped 58.89 points or 0.07 per cent to start the session at 77,649.63, the Nifty shed 22.45 points to open at 24,216.05. In the last trading session, the Sensex closed at 77,708.52 and the Nifty 50 at 24,238.50. However, the broader indices traded in the green in the early trading session. While the BSE Midcap Select Index was up by 5.75 points, the BSE…

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20

Jul

By The Press Editor

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Business

Sensex declines 442.93 points, Nifty settles below 24,250 Brent crude oil remained near $90 per barrel | Markets

Mumbai: Benchmark indices Sensex and Nifty ended the session in the red as investors turned cautious amid escalating tensions between the US and Iran and a global technology-led sell-off. The 30-share BSE Sensex closed 442.93 points lower at 77,708.52. During the day, the benchmark hit a high of 78,151.45 and a low of 77,368.29, gyrating 783.16 points. The 50-share NSE Nifty was down by 95.80 points or 0.39 per cent and ended the session at 24,238.50. However, the broader market ended the session in the green. While the BSE MidCap Select Index gained 72.20 points or 0.39 per cent, the…

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20

Jul

By The Press Editor

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Business

Caliber Mining & Logistics IPO GMP signals 26% listing gain, subscribed over 18% so far on Day 2 | Markets

Mumbai: The initial public offering of Caliber Mining and Logistics Ltd is getting a good response from investors, and the issue was subscribed over 18 times by 3 pm on July 20, 2026, i.e. on the second day of the bidding. According to data available on the National Stock Exchange (NSE), the IPO received bids for 14,18,85,835 shares against 78,35,821 shares on offer, as per data available with the NSE. The category for non-institutional investors was booked 52.33 times, while the retail quota was subscribed 13.11 times. The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 1.17 times. Raised…

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20

Jul

By The Press Editor

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Business

From lifestyle purchase to wealth strategy, here’s why India’s luxury housing is shifting | Business

New Delhi: Something fundamental has changed in how wealth chooses its address. Buyers who once limited their search to established addresses are increasingly willing to look beyond them if a newer corridor promises stronger connectivity, better urban planning and the prospect of sustained value creation. In many cases, families are monetising ageing independent homes or inherited properties in older neighbourhoods to consolidate their wealth into projects that better suit contemporary aspirations. Industry reports point in the same direction. Knight Frank's Wealth Report projects that India will remain among the world's fastest-growing wealth markets over the coming years, while ANAROCK has…

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20

Jul

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Business

Multibagger education sector stock trades in green even as Sensex tumbles 783 points, details here | Markets

Mumbai: Indian equity markets opened on a weak note, with the Sensex tumbling 783.16 points to a low of 77,368.29 in early trade as investors adopted a cautious stance amid a combination of disappointing corporate earnings and an increasingly challenging global backdrop. Investor risk appetite also remained under pressure as escalating geopolitical tensions in the Middle East continued to fuel uncertainty, while Brent crude rose above USD 90 per barrel. Despite this weakness in the equity market, shares of Shanti Educational Initiatives Ltd are seeing a good rally today. The stock is up over 5 per cent. The counter opened…

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20

Jul

By The Press Editor

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Business

Real estate stock under Rs 50 gains over 4% even as equity markets witness profit booking, details here | Markets

Mumbai: Shares of Indiabulls Ltd, which is in real estate and financial services, gained over 4 per cent on Monday, July 20, 2026, even as the benchmark indices, Sensex and Nifty, fell amid a sharp spike in crude oil prices due to ongoing tensions between the US and Iran. The 30-share BSE Sensex tanked 523.22 points to 77,628.23 in early trade. The 50-share NSE Nifty declined 134.10 points to 24,198.25. Despite this, the stock opened in the green at Rs 29.30, up from the previous close of Rs 29.10 on the BSE. The scrip continued upward momentum and touched the…

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