Business

03

Jun

By The Press Editor

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Business

Delhi to Bihar travel set to get faster: New expressway link to bypass Lucknow traffic | Business

New Delhi: Millions of people travelling from Delhi and western Uttar Pradesh to eastern UP and Bihar could soon enjoy a smoother and faster journey. A long-awaited project to connect the Agra-Lucknow Expressway with the Purvanchal Expressway is moving closer to reality, promising to significantly improve road connectivity across the state. The proposed link expressway will be around 51 kilometres long and is expected to be built at a cost of nearly Rs 4,775 crore. Direct route between two key expressways  The new corridor is being planned to provide a direct connection between the Agra-Lucknow Expressway and the Purvanchal Expressway.…

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02

Jun

By The Press Editor

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Business

Why govt is selling up to 6% stake in NHPC at Rs 71 per share? Offer for sale is now open | Markets

Mumbai: Shares of state-owned NHPC fell over 5 per cent on Tuesday, June 2, 2026, after the Offer for Sale (OFS) to sell up to 6 per cent of the government's stake opened for subscription. The stock opened gap down at Rs 74.78, a fall of 3.12 per cent from the previous close of Rs 77.19. Amid heavy selling, the scrip dipped further and touched the intraday low of Rs 72.61, representing a dip of Rs 4.58 or 5.93 per cent. Last seen, the stock was trading at Rs 73.04, with a fall of Rs 4.15 or 5.38 per cent.…

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02

Jun

By The Press Editor

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Business

Project Shikhar: Here’s how partnership between Meesho and BSE will help MSMEs, digital sellers | Markets

Mumbai: E-commerce platform Meesho has partnered with the BSE to help Micro, Small, and Medium Enterprises (MSMEs) and digital businesses become publicly listed companies. The initiative, called 'Project Shikhar,' has been formalised through a memorandum of understanding (MoU). It aims to help high-performing independent e-commerce sellers list on the BSE's SME platform, thereby accessing the capital they need for growth.  BSE provides opportunities in the capital markets for dynamic and employment-generating businesses Sundararaman Ramamurthy, Managing Director and CEO of BSE, said that BSE launched the SME platform to provide dynamic and job-creating businesses direct access to the capital markets. "Over…

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02

Jun

By The Press Editor

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Business

New Noida to have direct connection with Yamuna, Ganga Expressway, here’s how it is planned | Business

Noida: The Noida Authority has already begun preparations for smooth transportation in New Noida, which will be built on land belonging to 80 villages in Dadri and Bulandshahr, Greater Noida. This area will be connected to the Ganga and Yamuna Expressways. On paper, New Noida is named the Dadri-Noida-Ghaziabad Special Investment Region. Authority officials say a letter will be written to the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) demanding the construction of an exit point to let vehicles leave the link expressway in the New Noida area, as well as an entry point. This will also be advocated at…

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02

Jun

By The Press Editor

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Business

Equity markets stage strong intraday recovery, Sensex ends 382 points higher, Nifty at 23,488 | Markets

Mumbai: Indian equity markets staged a remarkable intraday recovery today after a weak start and snapped the four-day losing streak amid an explosive rally in the IT sector. The BSE Sensex closed at 74,649.84 points with a gain of 382.50 points or 0.52 per cent. Whereas, NSE's Nifty 50 index closed at 23,483.55 points with a rise of 100.95 points, or 0.43 per cent. The rally comes amid heavy buying in the IT sector. The Nifty IT index surged over 4 per cent, with heavyweights such as TCS and Infosys leading the gains. According to experts, the sector also benefited…

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02

Jun

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Business

RBI MPC meeting June 2026 to begin tomorrow: Will central bank increase interest rate amid global uncertainty? | Business

New Delhi: Millions of loan borrowers and fixed deposit (FD) investors across the country will be closely watching the outcome of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting, which begins tomorrow, i.e. on June 3, 2026. The meeting holds significance as it comes amid ongoing tensions in West Asia, rising oil and gas prices and supply chain challenges. This has led to uncertainty in the stock market and left crude oil and gold prices highly volatile. Amid this, the question on everyone's mind is - will the central bank make any changes to interest rates this…

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02

Jun

By The Press Editor

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Business

This IT stock gains despite market volatility, company posted strong revenue in Q4 – Check details | Markets

Mumbai: Shares of Blue Cloud Softech Solutions, an AI-driven enterprise and cybersecurity solutions specialist, are in green even as benchmark indices remained volatile today. Equity benchmark indices Sensex and Nifty declined in early trade as investors remained concerned over the US–Iran situation. However, they recovered with Sensex rising over 400 points from the day's low and Nifty reclaimed the 23,350-mark. Amid this, the shares of the started the trading session in green. The counter opened at Rs 18.40, a gain of Rs 0.40 against the previous close of Rs 18 on the BSE. Amid value buying, the stock gained to…

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02

Jun

By The Press Editor

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Business

Ola QIP at Rs 37.74: What is a Qualified Institutional Placement and how does it help the company? | Markets

Mumbai: Shares of Ola Electric Mobility fell nearly 3.5 per cent on Tuesday, June 2, 2026, after the company launched a qualified institutional placement (QIP) issue at a floor price of Rs 37.74 per share. The counter opened the trading session at Rs 38.40, down from the previous close of Rs 39.53 on the BSE. It fell further, hitting the intraday high of Rs 38.15, representing a 3.49 per cent decline from the last closing price. Last seen, the stock was trading at Rs 38.90 with a dip of Rs 0.63 or 1.59 per cent. The market cap of the…

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02

Jun

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Business

From SpiceJet to IndiGo, these aviation shares tumble over 2.5% today – Here’s what behind the fall | Budget

Mumbai: Shares of aviation sector companies are under pressure in Tuesday's trade as Russia has declared a prohibition on the export of aviation fuel, effective until November 30. While the unexpected ban has stirred debate over the availability and pricing of aviation turbine fuel, the Kremlin said the temporary trade restriction is an effort to protect domestic inventories amid declining refinery production and shifting dynamics across its energy network. Following this, airline stocks saw a sell-off. Shares of IndiGo and SpiceJet fell up to 2.5 per cent today.  SpiceJet Share Price The stock opened in the red at Rs 12.28,…

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02

Jun

By The Press Editor

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Business

Market Opening Bell: Sensex tumbles 322 points, Nifty near 23,200, Infosys gains over 3% | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the red on June 1, 2026, amid mixed global cues, with crude oil prices above USD 90 per barrel. While the 30-share BSE Sensex fell 322.14 points or 0.57 per cent to start the session at 73,945.20, the Nifty shed 153.45 points to open at 23,229.15. In the last trading session, the Sensex closed at 74,267.34 and the Nifty 50 at 23,382.60. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index was down by 147.33 points, the BSE Smallcap Select…

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