Top business news today - The Press Editor

13

Aug

Business

DDA approves 20 lakh new houses, village urbanisation under Delhi Master Plan 2047

New Delhi: In response to Delhi's growing population, housing needs, and future challenges, Delhi Lieutenant Governor Taranjit Singh Sandhu on Wednesday approved the Delhi Master Plan 2047, a new blueprint for the capital's development. Under this plan, approximately 20 lakh new flats will be built in Delhi. Emphasis is also placed on redeveloping old flats, planning the development of rural land, and making the city greener. Under the Master Plan, land in 105 villages in Delhi will be developed through land pooling as part of the town planning process. Approximately 69 villages are planned for development under the Green Development…

13

Aug

By The Press Editor

Business

Newly listed Waterways Leisure Tourism shares gain as company declares record date for 1:10 stock split

Mumbai: Shares of Cordelia Cruises operator Waterways Leisure Tourism Ltd traded in the green today, even as benchmark indices Sensex and Nifty witnessed profit booking, amid elevated crude oil prices and the unresolved situation in the Strait of Hormuz. The action in the stock comes as the company has stated that its shareholders approved the proposed sub-division of equity shares in a 1:10 ratio. According to the information shared, the approval was granted via postal ballot. The company has also set a record date to determine shareholders' eligibility for the stock split. Record date for stock split According to the…

13

Aug

By The Press Editor

Business

Noida, Gurugram lead shift in India’s real estate market as average residential prices rise sharply

New Delhi: In Noida and Gurugram, sharp capital appreciation is now being accompanied by stronger rental yields, a combination reshaping housing investment. ANAROCK data show that Noida’s average residential prices rose 125% between 2019 and Q2 2026, and rental yields improved from 3.2 per cent to 3.9 per cent over the same period. In contrast, Gurugram saw an average price rise of 117 per cent, with rental yields going up from 3.5 per cent to 4.3 per cent. It suggests that the value of these markets is supported by a broader demand base: professionals seeking homes near workplaces, tenants seeking established…

13

Aug

By The Press Editor

Business

Sensex rises 113.61 points, Nifty below 24,400 amid supportive global cues, Indigo gains 2.86%

Mumbai: Benchmark indices Sensex and Nifty ended mixed as elevated crude oil prices and weekly Sensex expiry-related positioning kept investors cautious despite a supportive global backdrop. The 30-share BSE Sensex gained 113.61 points or 0.15 per cent to 78,079.96. During the day, the benchmark hit a high of 78,119.39 and a low of 77,665.89, gyrating 453.5 points. However, the 50-share NSE Nifty ended 40.10 points or 0.16 per cent lower at 24,395.85. However, the broader market ended the session in the green. While the BSE MidCap Select Index gained 99.88 points or 0.53 per cent, the BSE SmallCap Select Index…

13

Aug

By The Press Editor

Business

New townships to metro corridors, here are key decisions of the Delhi Master Plan 2047

Mumbai: Delhi Master Plan 2047 has given a glimpse of how the national capital will look in the coming years. Under the new blueprint, several major decisions have been made. These include developing new townships in the capital, expanding the metro network, redeveloping old DDA flats and several other key developments. Master Plan 2047 was approved at the DDA board meeting chaired by Lieutenant Governor Taranjit Singh Sandhu on Wednesday. Here are the key details of the Master Plan 2047. 1. New townships in 105 villages Under the Master Plan, land in 105 villages in Delhi is planned for development…

13

Aug

By The Press Editor

Business

Smallcap logistics stock in focus as revenue jumps 48%, has offered 264% return in 5 years: Details

New Delhi: Shares of small-cap logistics service provider Tiger Logistics (India) Ltd are in focus as the company has released its Q1FY27 results. According to information shared with exchanges, the company's net profit fell 53.9 per cent to Rs 216.99 lakh in the quarter ended June 30, 2026, compared to Rs 470.68 lakh in the same quarter last year. This means the company's earnings have more than halved. However, its revenue from operations grew strongly by 48.8 per cent to Rs 15,252.50 lakh in Q1FY27 from Rs 10,251.87 lakh in Q1FY26. The company's operating expenses increased 58.6 per cent to…

13

Aug

By The Press Editor

Business

Agri stock below Rs 100 in focus as consolidated revenue gains 27.6% YoY to Rs 426.51 crore

Mumbai: Shares of basmati rice exporter GRM Overseas are on investors' radar as the company has announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). According to the information shared with exchanges, the company has delivered strong top-line and bottom-line growth. Following the update, the stock is trading in the green even as the BSE Sensex declined 172.48 points to 77,786.41 in early trade, and the 50-share NSE Nifty was down 90.35 points to 24,343.50. Share price today The counter opened in green at Rs 92.95, with a gain of Rs…

13

Aug

By The Press Editor

Business

Centre tells Ola, Uber and Rapido to remove pre-ride tip option from apps

New Delhi: In a major development, the Ministry of Road Transport and Highways (MoRTH) has issued strict directives asking all cab aggregators to remove the pre-ride tip feature from their apps and ensure strict compliance with the Motor Vehicle Aggregator Guidelines, 2025. The transport ministry in it's directive said that the attention of this ministry has been drawn to the display by certain ride aggregators of prompts/options such as "Advance Tip", "Choose an Add-on", "Improve your chances of quicker ride confirmation", "A driver may be more likely to accept this trip if you add a tip", or similar interface elements prior to…

13

Aug

By The Press Editor

Business

Textile stock gains as company announces financial results, net profit rises 55% sequentially

Mumbai: Shares of textile sector company Nandan Denim are in focus and trading in the green even as benchmark indices Sensex and Nifty declined in early trade as crude oil prices remained elevated amid the unresolved situation in the Strait of Hormuz. The action comes as the company has announced its financial results for the first quarter ended June 30, 2026. According to the information shared, the company has posted a 55.6 per cent sequential increase in net profit. On a year-on-year (YoY) basis, the net profit has surged over 32 per cent. Share price today The stock opened in…

13

Aug

By The Press Editor

Business

Are banks open or closed today amid Karnataka Bandh over Cauvery issue? Check full details

Bengaluru: Kannada activists and several organisations have called a statewide bandh in Karnataka today, i.e. on August 13, 2026. The bandh was announced by pro-Kannada outfits on July 31 following the Cauvery Water Management Authority (CWMA) upholding the Cauvery Water Regulation Committee's (CWRC) earlier order directing Karnataka to release 3,500 cusecs of Cauvery water to Tamil Nadu for 15 days. The 12-hour bandh will remain in effect from 6 am to 6 pm. While there were reports of differences among various organisations over going ahead with the shutdown, Kannada activist Vatal Nagraj on Monday asserted that the bandh would be…