Business

28

Sep

By The Press Editor

Business

Tata Trusts proposes rejig to keep Tata Sons unlisted, avoid RBI listing mandate

Mumbai: Tata Trusts has proposed merging two operating companies with the group's holding company in a restructuring aim that allow Tata Sons to function as a  non-banking financial company and a core investment company and remove the need for a stock market listing. The proposal involves merging Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE) with Tata Sons. The Trusts have asked the Tata Sons board to consider the plan and seek a prior no-objection certificate from the Reserve Bank of India.  The proposed structure would help Tata Sons to work as an operating company alongside its…

Read More

28

Sep

By The Press Editor

Business

FMCG stocks in focus as company signs Rs 574 crore export agreement with South Africa, check share price

Shares of fast-moving consumer goods (FMCG) company Elitecon International will be on investors' radar as the company has informed exchanges that it has entered into a major product supply framework agreement with South Africa-based World Class 77. The multi-year deal covers potential export supplies of several fast-moving consumer goods. Amid this, the stock opened down around 5 per cent to Rs 8.65 against the previous close of Rs 9.10 on the BSE. However, it rebounded to hit an intraday high of Rs 9.09 but remained in the red. Most recently, the stock was locked in a five per cent lower…

Read More

28

Sep

By The Press Editor

Business

Sensex plunges 1,124 points, Nifty below 22,800; here’s what led to the crash today

Benchmark indices Sensex and Nifty closed sharply lower amid a fresh surge in crude oil prices, and renewed uncertainty surrounding US-Iran talks weighed heavily on investor sentiment. The 30-share BSE Sensex plunged 1124.02 points or 1.52 per cent to settle at 72,771.72. During the day, the benchmark hit a high of 73,740.85 and a low of 72,716.23, gyrating 1,024.62 points. The 50-share NSE Nifty ended with a fall of 360.25 points or 1.56 per cent and closed the session at 22,780.25. Similarly, the broader market closed in the red. While the BSE MidCap Select Index shed 251.23 points or 1.39 per…

Read More

28

Sep

By The Press Editor

Business

What is ‘No UPI Day’? Here’s how mobile retailers plan to protest against MDR charges on October 2

Mobile phone retailers across the country plan to observe 'No UPI Day' on October 2, 2026, to protest the imposition of a 0.4 per cent Merchant Discount Rate (MDR) fee on UPI transactions. A senior official of the industry association AIMRA said that no UPI transactions will be accepted on October 2. The government has introduced a 0.4 per cent fee on UPI payments of more than Rs 2,000 made to merchants from October 15. However, there will be no fee on UPI transactions between two persons (P2P) and small payments below Rs 2,000. Shopkeepers to cover QR code with black…

Read More

28

Sep

By The Press Editor

Business

Adroit Industries IPO allotment today, check status on BSE, NSE and Bigshare Services; latest GMP

Adroit Industries' initial public offering received strong participation from investors and was subscribed nearly 177 times on the final day, as four public offers concluded successfully on Friday. As per data available with the NSE, Adroit Industries' Rs 151-crore IPO received bids for 1,39,22,95,200 shares against 78,72,900 shares on offer, translating into 176.85 times subscription. The IPO has a fresh issue of up to 98,97,000 equity shares and an offer for sale of up to 13,50,000 equity shares. Adroit Industries IPO Allotment on NSE Step 1: Visit the official website of the NSE  allotment status page or click here https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids…

Read More

28

Sep

By The Press Editor

Business

Gurugram’s luxury market sees 117% capital growth, premiumisation reshaping nature of new supply

Luxury housing in Gurugram has long been about bigger homes, better specs, imported finishes and location in the city’s old high-end corridors. These features still influence buyer preferences, but are increasingly becoming part of a broader and evolving definition of luxury. For HNIs, entrepreneurs, senior corporate executives and global Indians, a home is increasingly being assessed not merely as an asset, but as a long-term lifestyle proposition. Privacy, wellness, sustainability, convenience, connectivity, considered planning, green spaces and curated amenities are increasingly becoming integral to the luxury proposition, alongside scale and specifications. Soaring capital values and improved yields This shift in…

Read More

28

Sep

By The Press Editor

Business

Stock under Rs 100 in focus as company takes homegrown technology to global market; check details

Shares of medical technology company Lord's Mark Industries Limited are on investors' radar as the company, in its latest exchange filing, said that it has registered its haemodialysis system with the UK's Medicines & Healthcare products Regulatory Agency (MHRA) through its healthcare and med-tech unit. According to the filing, this is a significant step as the company prepares to take its AI-based dialysis technology to the UK and other connected international markets. Amid this, the stock opened in the green at Rs 94.35 against the previous close of Rs 92.77 on the BSE. This represents a gain of Rs 1.58…

Read More

28

Sep

By The Press Editor

Business

Supreme Court refuses to stay Centre’s decision to impose MDR on specified UPI payments, seeks responses

The Supreme Court on Monday refused to stay the Centre's decision to impose MDR (Merchant Discount Rate) on UPI payments exceeding Rs 2,000. However, the top court has issued notice to the Centre, the Reserve Bank of India (RBI), the National Payments Corporation of India (NPCI), and the UPI Steering Committee on a plea challenging the Gazette notifications that announced charges on commercial UPI person-to-merchant transactions above Rs 2,000. "It is less a legal and more a technical issue," a bench of Chief Justice of India Surya Kant and Justices Joymalya Bagchi and V Mohana observed.  Additional Solicitor General N Venkataraman, appearing…

Read More

28

Sep

By The Press Editor

Business

All banks to remain open today as UFBU defers 3-day nationwide strike, SBI shares customer advisory

In a major relief to thousands of bank customers across India, all public sector bank branches will function as usual today, i.e. on September 28, 2026, because the United Forum of Bank Unions (UFBU), an umbrella body representing seven bank employees' and officers' unions, has decided to defer the three-day nationwide strike planned between September 28 and September 30. The strike was deferred after the Indian Banks' Association (IBA) assured them it would meet their demands, including a five-day workweek. State Bank of India issues customer advisory Meanwhile, State Bank of India, the country's largest public sector bank, has issued…

Read More

28

Sep

By The Press Editor

Business

Boeing detects software issue with MAX planes, nearly 100 planes in India may be impacted

New Delhi: Boeing has detected a software issue in some of its 737 MAX aircraft that could cause the disengagement of the automated flight guidance system after a missed landing approach, according to sources. The aircraft maker is working on a permanent solution to address the issue. In India, Air India Express and Akasa Air together operate around 96 Boeing 737 MAX aircraft. What did Boeing say? A Boeing spokesperson on Sunday (September 27) said its engineers are working on a software update to permanently address the issue. "Last month, we informed all 737 operators about a software issue where…

Read More