Business

28

Aug

By The Press Editor

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Business

Gold, Silver Rates Today (August 28): Gold drops on MCX amid Trump tariffs, silver continues to shine | City-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price remained almost unchanged, trading at around USD 3,448.7 per troy ounce. The spot gold price at 11:30 am was USD 3,390.39 per ounce, down by 0.18 per cent. Mumbai: The gold price on MCX fell in the opening session on Thursday, August 28, 2025, amid US President Donald Trump's additional 25 per cent tax on imports of Indian goods. Moreover, investors have booked profits after a recent rally in the precious metal. The gold October 3 contract on the Multi Commodity Exchange (MCX) opened with a…

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28

Aug

By The Press Editor

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Business

RVNL Share Price: PSU stock gains despite selloff in stock market – Here’s why

RVNL Share Price Today: The 52-week high of the PSU stock is Rs 619.40, and the 52-week low is Rs 295.25. The market cap of the company is Rs 66,230 crore. Mumbai: Shares of Rail Vikas Nigam Ltd (RVNL), a Navratna Central Public Sector Enterprise (CPSE), gained on Thursday, August 28, 2025, even as the benchmark index declined sharply in the early trade amid an additional 25 per cent tariff imposed by US President Donald Trump on India coming into effect from August 27, 2025. While the 30-share BSE Sensex tanked nearly 693 points or 0.86 per cent to touch…

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28

Aug

By The Press Editor

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Business

Nifty 50, Sensex: Trump tariffs, FII selling among key reasons behind market decline

Nifty 50, Sensex Today on August 28, 2025: After a weak opening, Sensex shed 640 points and Nifty 50 fell 132.3 points to trade below 24,600. Mumbai: Benchmark indices Nifty and Sensex opened the session lower on Thursday, August 28, 2025, a day after remaining shut on account of Ganesh Chaturthi. The BSE Sensex dropped nearly 693 points or 0.86 per cent to touch 80,093.52 in early trade. The Nifty 50 fell 132.3 points to trade below 24,600. Among Nifty sectoral indices, IT and bank stocks were the biggest drags. Similarly, the broader indices also traded in the red, with…

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27

Aug

By The Press Editor

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Business

Hospitals to stop cashless treatment for Bajaj Allianz customers from September 1 – Here’s why

Expressing surprise over AHPI's decision, Bajaj Allianz General Insurance Company said it is working with the association to arrive at a solution that is in the best interests of customers. New Delhi: Several hospitals are likely to stop providing cashless treatment facilities for policyholders of Bajaj Allianz General Insurance Company, with effect from September 1, 2025. This is because the Association of Healthcare Providers - India (AHPI), representing hospitals and healthcare institutions across the country, has advised its members for this following repeated complaints from hospitals that Bajaj Allianz has refused to revise hospital reimbursement rates in line with rising…

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27

Aug

By The Press Editor

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Business

Promoter of this LIC-backed NBFC purchases 16.36 lakh shares via open market – Check details

The counter ended the trading session in green on Tuesday despite widespread selling. The stock gained 0.20 per cent, amid a spurt in volume by more than 1.05 times. Mumbai: Shares of LIC-backed non-banking financial company (NBFC) Paisalo Digital are expected to be in focus on when stock markets opens on Thursday, August 28, 2025 as the company has informed exchanges that Equilibrated Venture Cflow Private Limited, a Delhi-based venture capital fund and promoter of the firm, has acquired an additional stake in the company. According to the information available, Equilibrated Venture has bought more than 16.36 lakh equity shares…

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27

Aug

By The Press Editor

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Business

New Income Tax Bill 2025: Changes and how they impact taxpayers – Find out here

While not part of the final revised Bill, earlier drafts had proposed granting tax authorities powerful access to taxpayers’ digital footprints—emails, trading accounts, social media—to aid compliance. New Delhi: India is on the cusp of a landmark tax reform wave. The Income-Tax (No. 2) Bill, 2025, passed by the Lok Sabha on August 11, 2025, builds on the earlier draft introduced in February. Following an in-depth review by a Parliamentary Select Committee, nearly all of the 285 recommendations - 32 deemed major - have been incorporated into the revised legislation. This comprehensive rewrite aims to modernise and simplify the six-decades-old…

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27

Aug

By The Press Editor

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Business

Mumbai to Konkan Ro-Ro Ferry slashes travel time to just 5 hours: Check launch date, fares and timings inside

Ro-Ro Ferry: The development comes as a significant step by the state government to enhance the travel experience across Maharashtra, linking different parts of the state with Ro-Ro services. Mumbai: After the ferry service between Mumbai and Alibaug became a success, the Maharashtra government has unveiled a fresh Ro-Ro (Roll-On, Roll-Off) service connecting Konkan and Mumbai. The service will start from September 1 and is slated to significantly cut the travel time, offering an alternative to the time-consuming travel on the Mumbai-Goa highway.  Movement Increases During Festive Season Notably, the movement of commuters increases during the festive season, including Holi…

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27

Aug

By The Press Editor

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Business

Varanasi gets new Vande Bharat – Route, schedule, stops and fare details inside

The Meerut-Varanasi Vande Bharat Express train will play a significant role in boosting tourism in several cities in Uttar Pradesh, including Varanasi, Lucknow, Ayodhya, and Meerut. Meerut: Uttar Pradesh’s Varanasi, which also happens to be Prime Minister Narendra Modi’s Lok Sabha constituency, gets a new Vande Bharat Express train today. The latest introduction takes the total number of Vande Bharat trains from Varanasi to seven. On Wednesday, the first trip of the train started from Meerut and will run on the old route via Lucknow to Ayodhya Dham and Varanasi. On the return journey, the train will run from Varanasi. …

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27

Aug

By The Press Editor

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Business

Mumbai Metro Line 4 trials begin this September, coaches now on tracks in Thane – Check details

It is noteworthy that the trial coaches that have been brought will only be used for testing, as their specifications are in conformity with the final rolling stock. Mumbai: The Mumbai Metro is set to undergo expansion, with the first trial train coaches for Metro’s Line 4 being moved to tracks near Thane’s Anand Nagar. The development comes as the initial steps in the eastern suburbs of the city, as well as in the Thane region, concerning the expansion of the metro network in India’s financial capital. According to Maharashtra Deputy Chief Minister Eknath Shinde, the trial run on…

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27

Aug

By The Press Editor

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Business

Stock under Rs 500 to be in focus as company expands landholding near Noida’s Jewar Airport

The stock has given a multibagger return of 419 per cent in five years. However, it has corrected 5.63 per cent in one year and 10.40 per cent on a year-to-date basis. Mumbai: Shares of Uttar Pradesh-based Pavna Industries will be in focus when stock markets open on Thursday, August 28, 2025, as the company has informed exchanges that it has further expanded its landholding near Noida International Airport, also known as Jewar Airport, in Gautam Buddh Nagar district of Uttar Pradesh. The company said that it acquired an additional 1.89 acres in one of the country's fastest-evolving industrial corridors.…

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