Business

29

Aug

By The Press Editor

0 Comments

Business

Indian economy to grow 6.3-6.8% in FY26 despite Trump’s tariff challenges: CEA Nageswaran

India’s Chief Economic Advisor, V. Anantha Nageswaran, said he does not expect significant downside risks to GDP growth due to high US tariffs. New Delhi: Chief Economic Advisor V Anantha Nageswaran on Friday expressed confidence that Indian economy will grow at a rate between 6.3 and 6.8 per cent in the current fiscal on strong domestic demand even as there would be some downside risks to the projections due to steep 50 per cent US tariffs. Trump’s tariffs are expected to be short-lived Soon after the announcement of first quarter GDP numbers which came in at 7.8 per cent,…

Read More

29

Aug

By The Press Editor

0 Comments

Business

From SBI credit card to hallmarking on silver jewellery, these 5 changes expected from September 1

The postal services will also undergo significant changes, starting this September. Announcements have been made that registered post will be merged with the speed post service. Mumbai: Like every month, some changes are likely to kick in on September 1, which will have a direct impact on the savings of the common people. These changes include the credit-card-related changes, changes in LPG cylinder prices, and others. Let’s see the top 5 changes likely to be unveiled from September 1.  State Bank of India (SBI), the country's largest bank, has announced some changes in its policy for its credit card…

Read More

29

Aug

By The Press Editor

0 Comments

Business

Warren Buffett: 5 investing tips that investors can learn from him

At the age of 13, Warren Buffett filed his first income tax return. By the time he finished high school, he had purchased a 40-acre farm in Omaha, Nebraska. New Delhi: Warren Buffett, the world’s fifth-richest man, turns 95 this Sunday. Known as one of the most successful investors, Buffett was born on August 30, 1930, in Omaha, Nebraska, in the United States. Buffett, the octogenarian billionaire and the chairman and chief executive officer of investment firm Berkshire Hathaway, bought his first stock in 1941 at the age of just 11. At the age of 13, he filed his first…

Read More

29

Aug

By The Press Editor

0 Comments

Business

India posts 7.8% GDP growth in June quarter of FY26 against 6.5 per cent a year ago

Nominal GDP or GDP at current prices in Q1 of FY 2025-26 is estimated at Rs 86.05 lakh crore, against Rs 79.08 lakh crore in Q1 of FY 2024-25, showing a growth rate of 8.8 per cent. New Delhi: India's growth rate in the first quarter of the financial year 2025-26 was 7.8 per cent as compared to 6.5 per cent in the same quarter a year ago. Real GDP, or GDP at constant prices, in Q1 of FY 2025-26 is estimated at Rs 47.89 lakh crore, compared to Rs 44.42 lakh crore in Q1 of FY 2024-25, representing a…

Read More

29

Aug

By The Press Editor

0 Comments

Business

Defence stock Apollo ends higher after agreement with DRDO – Details

Apollo Micro Systems has announced that it has entered into an agreement with the Defence Research and Development Organisation (DRDO) for Transfer of Technology (TOT) of Omni-Directional multi-EFP warhead for NASM-SR Missile. Mumbai: Shares of Apollo Micro Systems, a technology-driven firm in the aerospace, defence, and homeland security sectors, ended the session with a gain of around 9 per cent on Friday, August 29, 2025, even as the benchmark indices ended the highly volatile session in the red. The stock opened in green today after two consecutive days of decline. The stock opened at Rs 243.25, compared to the previous…

Read More

29

Aug

By The Press Editor

0 Comments

Business

Reliance AGM 2025: Jio IPO likely by first half of 2026, says Mukesh Ambani

Reliance AGM 2025: The listing, expected to be one of the biggest in India’s market history, could raise over Rs 50,000 crore. New Delhi: Reliance Industries Ltd. (RIL) Chairman and Managing Director Mukesh Ambani on Friday said that the company plans to list Jio in the first half of 2026. Addressing the shareholders during Reliance Industries’ 48th Annual General Meeting (AGM), Ambani stated that Jio is making all necessary arrangements to file for its IPO, and it will be a good opportunity for all investors.  "Today, it is my proud privilege to announce that Jio is making all arrangements to…

Read More

29

Aug

By The Press Editor

0 Comments

Business

Mercury EV Tech meets delegates of Korea Smart e-Mobility Association to explore collaboration

EV Stock In Focus: Technically, the stock trades higher than the 5-day and 20-day moving averages but lower than the 50-day, 100-day and 200-day moving averages. Mumbai: In a bid to explore collaboration between India and Korea for the development of electric two-wheelers and lithium-ion batteries, homegrown electric vehicle company Mercury EV Tech met with a delegation from the Korea Smart e-Mobility Association (KEMA). The meeting was held at the Gujarat Chamber of Commerce & Industry (GCCI).  "The meeting was attended by Mr. Deuk-un Lee, Chairman of KEMA and Chairman of HB e-Mobility; Prof. Jung-Suk Ryou, Chief Representative for India,…

Read More

29

Aug

By The Press Editor

0 Comments

Business

Gold, Silver Rates Today (August 29): Gold gains, silver loses shine on MCX | Check city-wise rates

In the international market, the COMEX gold price remained almost unchanged, trading at around USD 3,469.5 per troy ounce with a dip of 0.14 per cent. The spot gold price at 12:20 pm was USD 3,410.04 per ounce, down by 0.15 per cent. Mumbai: Gold Price Today, Gold MCX Rate: The gold price on MCX gained in the opening session on Friday, August 29, 2025, as investors await a key inflation report that could influence the US Federal Reserve’s decision on interest rates next month. The gold October 3 contract on the Multi Commodity Exchange (MCX) opened with a gain…

Read More

29

Aug

By The Press Editor

0 Comments

Business

Multibagger Dividend Stock Under Rs 50: BSE-listed company fixes record date for dividend payment – Full details

Dividend Stock In Focus: According to BSE Analytics, the stock has yielded a multibagger return of 38990 per cent in five years and 443 per cent in three years. Mumbai: Shares of infra-to-energy player Hazoor Multi Projects Ltd are in focus as the company has announced a record date to determine the eligibility of shareholders for the payment of the final dividend. the stock started the trading session in green at Rs 42.40 against the previous close of Rs 42.36 on the BSE. The scrip gained further to touch the intraday high of Rs 43.50. The stock has gained after…

Read More

29

Aug

By The Press Editor

0 Comments

Business

CGPOWER Share Price: Stock in action as subsidiary unveils first end-to-end OSAT facilities in Gujarat

With this launch, CG Semi becomes one of India’s first full-service Outsourced Semiconductor Assembly and Test (OSAT) providers, offering solutions across both traditional and advanced packaging technologies. Mumbai: Shares of CG Power and Industrial Solutions Limited are in action today, August 29, 2025, as the company has announced the launch of its first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. The stock opened gap up with a gain of 3.81 per cent at Rs 688.95 on the BSE against the previous close of Rs 663.65 amid a spurt in volume by more than 2.34 times. However, the…

Read More