Business

23

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex tumbles 800 points, Nifty below 23,000, rupee hits fresh record low

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened sharply negative on Monday, March 23, 2026, amid volatility in crude oil prices as global sentiment continues to deteriorate amid escalating geopolitical tensions around the Strait of Hormuz. While the 30-share BSE Sensex tumbled 800.28 points or 1.07 per cent to start the session at 73,732.58, the Nifty shed 290.15 points to open at 22,824.35. In the last trading session, the Sensex closed at 74,532.96 and the Nifty 50 at 23,114.50. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index fell…

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20

Mar

By The Press Editor

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Business

Telangana Budget 2026-27: Finance Minister presents Rs 3.24 lakh crore budget, check key highlights

Hyderabad: The Telangana government has presented a budget of Rs 3.24 lakh crore for the year 2026-27. This is up by nearly Rs 20,000 crore over the previous year. While presenting the budget, the government said that it is  prioritising flagship programmes such as Musi Riverfront beautification and Hyderabad Metrorail Phase 2 and 3. Presenting the budget in the assembly, Deputy Chief Minister Mallu Bhatti Vikramarka said the revenue expenditure was pegged at Rs 2,34,406 crore, and capital expenditure at Rs 47,267 crore. The minister proposed an allocation of Rs 17,907 crore for the Municipal Administration and Urban Development Department…

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20

Mar

By The Press Editor

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Business

Zomato hikes food delivery platform fee by Rs 2.40 per order, check details

New Delhi: Food-delivery company Zomato has hiked the platform fee to Rs 14.90 from Rs 12.50 or 19 per cent per order. This means a hike of Rs 2.40 per order.  This revised platform fee will take effect today, i.e., on March 20th. It's worth noting that this increase comes amid the ongoing conflict in the Middle East, which has affected the supply of liquefied petroleum gas (LPG) and crude oil. Consequently, the government has halted the supply of commercial LPG cylinders to domestic customers and increased the supply of domestic cylinders. Zomato's platform fee has increased by Rs 2.40, which…

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20

Mar

By The Press Editor

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Business

Petrol Price Hike: BPCL, HPCL and Indian Oil raise premium petrol rates by up to Rs 2.35 per litre

New Delhi: Amid the ongoing war in West Asia, oil marketing companies on Friday hiked the premium petrol prices by up to Rs 2.35 per litre with immediate effect. The prices of Bharat Petroleum Corporation Limited's (BPCL) 'Speed', Hindustan Petroleum Corporation Limited's (HPCL) 'Power', and Indian Oil Corporation Limited's (IOCL) 'XP95' petrol have been increased by Rs 2.09 to Rs 2.35 per litre. However, there is no change in the price of regular petrol at present.  Largest supply disruption The price hike comes amid escalating war in the Middle East. The war has triggered the largest supply disruption in the history…

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20

Mar

By The Press Editor

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Business

Mining stock jumps nearly 7% as company shares update on increasing stake in subsidiary, check details

Mumbai: Shares of iron and steel products manufacturer Godawari Power and Ispat Ltd (GPIL) traded higher on Friday, March 20, 2026 after a key announcement in its latest exchange filing. The company’s stock started the trading session in green at Rs 251 against the previous close of Rs 250.85 on the BSE. Amid a spurt in trading volume by more than 4.41 per cent, the scrip jumped to touch the intraday high of Rs 267.85, representing a gain of 6.78 per cent. Last seen, the stock was trading at Rs 263.50 with a gain of 5.04 per cent, and the…

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20

Mar

By The Press Editor

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Business

Tata Power reportedly signs PPA with Gujarat Govt for Mundra Power plant, shares jump 5%

Mumbai: Shares of Tata Power gained 5 per cent to hit a fresh 52-week high on Friday amid reports that Gujarat has approved a revised power supply pact with Tata Power. The stock started the trading session at Rs 402, up from the previous close of Rs 398.50 on the BSE. The scrip gained further amid a spurt in trading volume by more than 2.80 times and touched the intraday high of Rs 418.4, representing a gain of 4.99 per cent. This is also the stock's fresh 52-week high. The stock's 52-week low was Rs 332.10, reached on March 7,…

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20

Mar

By The Press Editor

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Business

Gold price surges 2%, silver gains over Rs 8,500 on MCX | Check city-wise rates

Mumbai: Precious metals futures rates rebounded on Friday, March 20, 2026, mainly due to value buying. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 3,348 or 2.3 per cent at Rs 1,48,302 per 10 grams against the previous close of Rs 1,44,954. It later fell to touch the intraday low of Rs 1,46,500. Last seen, it was trading at Rs 1,46,850 with a gain of Rs 1,896 or 1.31 per cent. On the MCX, the yellow metal futures for June 2026 were up by Rs 2,162 or 1.46 per cent to…

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20

Mar

By The Press Editor

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Business

Bank holiday: Are banks closed on March 20 or March 21 for Eid in your city? Check full details here

New Delhi: If you have any important work related to the bank over the next couple of days, it is important for you to be aware of the bank holidays. Yes, banks will be closed this week across the country on the occasion of Eid-ul-Fitr or Ramzan-Id (Id-Ul-Fitr). There are a total of 18 holidays in the holiday calendar of the Reserve Bank of India (RBI) for the month of March. Apart from the second and fourth Saturdays, these holidays also include holidays on all Sundays. This time, on the occasion of Eid, there are holidays on March 20 and…

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20

Mar

By The Press Editor

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Business

CMPDIL IPO GMP: Public issue of Coal India’s subsidiary opens for subscription, check listing date

Mumbai: The initial public offering (IPO) of Central Mine Planning & Design Institute (CMPDIL), a subsidiary of state-owned Coal India, is now open for subscription. The three-day subscription window will close on March 24, 2026. Ahead of its IPO, the company mobilised Rs 470 crore from anchor investors. According to a circular uploaded on BSE's website, among the anchor investors were Life Insurance Corporation of India (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, and ICICI Prudential MF. The issue of CMPDIL, incorporated in 1975 as a wholly-owned subsidiary of Coal India, is entirely an offer for sale (OFS) of…

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20

Mar

By The Press Editor

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Business

Market Opening Bell: Benchmark indices rebound, Sensex up 352 points amid modest decline in oil prices

Mumbai: A day after a sharp decline, Indian equity benchmark indices, the Sensex and Nifty, rebounded on Friday, March 20, 2026, amid a modest decline in crude oil prices. While the 30-share BSE Sensex gained 352.14 points or 0.47 per cent to start the session at 74,559.38, the Nifty added 108 points to open at 23,110.15. In the last trading session, the Sensex closed at 74,207.24 and the Nifty 50 at 23,002.15. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index jumped 119.88 points, or 0.79 per cent, in the early…

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