Business

21

Feb

By The Press Editor

0 Comments

Business

India’s first reaction after US Supreme Court strikes down Trump’s tariffs: ‘Studying developments’

New Delhi: In its first reaction to the US Supreme Court's ruling that President Donald Trump's tariffs are illegal, India said that it is studying the developments for their implications. In a statement, the Commerce Ministry said, “We have noted the US Supreme Court judgement on tariffs yesterday. President Trump has also addressed a press conference in that regard. Some steps have been announced by the US Administration. We are studying all these developments for their implications.” Here's what US Supreme Court said on Trump tariffs  In a major setback to Trump's pivotal economic agenda for his second term, the…

Read More

20

Feb

By The Press Editor

0 Comments

Business

5 major credit card rule changes from April 1: Here’s all you need to know

New Delhi: If you use a credit card for everyday expenses, online shopping or tax payments, several rules may change for you starting April 1, 2026. The Income Tax Department has proposed five major changes related to credit cards in the draft Income Tax Rules 2026. If approved, these rules could replace the 1962 provisions. Therefore, it's important to understand how these changes will impact your finances and tax planning. 1. Strict reporting on large credit card bills According to the new draft, if the total amount of payments made on one or more of your credit cards in a…

Read More

20

Feb

By The Press Editor

0 Comments

Business

AI can accelerate global growth by 0.8%, India’s Viksit Bharat goal achievable: IMF MD

New Delhi: IMF Managing Director Kristalina Georgieva on Wednesday said artificial intelligence can lift global growth by 0.8 per cent, and India's goal of becoming a Viksit Bharat or a developed nation is achievable. Speaking at a panel discussion at the AI Impact Summit here, Georgieva said a research by the International Monetary Fund (IMF) suggests that AI has the potential to significantly accelerate global growth. "We did some research and here is the answer. Based on what we know, AI can lift up global growth by almost a percentage point. We say 0.8 per cent... It would mean that…

Read More

20

Feb

By The Press Editor

0 Comments

Business

Real estate stock to be in focus as company wins order from Tata Steel, check details

Mumbai: Hazoor Multi Projects Limited (HMPL), a small-cap construction company, has announced a significant order in its latest exchange filing. The company said it has received a major work order from Tata Steel Limited, a flagship company of the Tata Group. According to the filing, HMPL will undertake the design, engineering, construction and completion of an OPR and NOPR residential colony for employees at TSSIJ, Bileipada (Joda). The shares will be in focus when the markets open on Monday, as the announcement was shared just ahead of the closing.  Project Details and Timeline The project includes the construction of G+9…

Read More

20

Feb

By The Press Editor

0 Comments

Business

Omnitech Engineering IPO: Subscription to begin on February 25, check price band, GMP and other details

Mumbai: Omnitech Engineering, a manufacturer of precision-engineed components, on Friday fixed a price band of Rs 216–227 per share for its upcoming Rs 583 crore Initial Public Offering (IPO). At the upper end of the price band, the company is valued at over Rs 2,800 crore. The company’s initial share sale will open for public subscription on February 25 and conclude on February 27. Bidding for anchor investors will take place on February 24, according to a public announcement. IPO structure and utilisation of proceeds The IPO comprises a fresh issue of equity shares worth up to Rs 418 crore and…

Read More

20

Feb

By The Press Editor

0 Comments

Business

From BEL to HAL: Defence stocks gain up to 9% – What’s behind the rally?

Mumbai: Shares of defence stocks are in action today amid signs of a US-Iran conflict, as President Donald Trump warns of 'bad things' if the Middle Eastern country doesn't make a deal. Across-the-board buying was seen in early-morning trade even as benchmark indices opened in the red. The 30-share BSE Sensex declined 291.93 points, or 0.35 per cent, to 82,206.21 in early trade. The 50-share NSE Nifty dropped 74.6 points, or 0.29 per cent, to 25,379.75. Despite this, the Nifty India Defence index was up by nearly 2 per cent. It touched a day high of 8,205.06, representing a gain…

Read More

20

Feb

By The Press Editor

0 Comments

Business

IRCTC makes Aadhaar verification mandatory for advance, tatkal booking: All you need to know

New Delhi: If you travel by train, this update is important for you. The Indian Railway Catering and Tourism Corporation (IRCTC) has made Aadhaar verification mandatory for booking train tickets online. Under the new rules, passengers must complete Aadhaar authentication to verify their identity before booking tickets. This measure ensures that tickets are booked by the correct person and is expected to reduce fraudulent bookings on the platform. Transparent and secure ticket booking According to IRCTC, this step has been introduced to benefit passengers by making it easier to obtain Tatkal and Advance Reservation Period (ARP) tickets. As reported by…

Read More

20

Feb

By The Press Editor

0 Comments

Business

Gold, silver prices rise on MCX amid signs of US-Iran conflict, check key levels to watch and city-wise rates

Mumbai: Rates of precious metals in futures trade edged higher on Friday, February 20, 2026, amid signs of US-Iran conflict. However, the stronger dollar has limited gains for the precious metal. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 286 or 0.18 per cent at Rs 1,55,105 per 10 grams against the previous close of Rs 1,54,819. It later jumped to hit the high of Rs 1,55,497, a gain of Rs 678 or 0.43 per cent.   On the MCX, the yellow metal futures for June 2026 were up by Rs 834…

Read More

20

Feb

By The Press Editor

0 Comments

Business

Market Opening Bell: Sensex sheds 225 points, Nifty holds 25,400, IT stocks under pressure

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the red on Friday, February 20, 2026, amid weak global cues and sustained FII pressure, with DIIs also turning net sellers in the previous session. While the 30-share BSE Sensex fell 225.65 points to start the session at 82,272.49, the Nifty shed 47.8 points to open at 25,406.55. In the last trading session, the Sensex closed at 82,498.14 and the Nifty 50 at 25,454.35. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index dropped 59.23 points, or 0.35 per cent,…

Read More

20

Feb

By The Press Editor

0 Comments

Business

NBCC to Angel One: These shares to trade ex-date next week, check dividend amount and other details

Mumbai: Indian equity benchmark indices Sensex and Nifty closed sharply lower in last trading session amid heavy selling pressure. The Nifty fell 365 points or 1.41 per cent to 25,454.35, while the Sensex declined by 1,236.11 points or 1.48 per cent to settle at 82,498.14. Foreign Institutional Investors (FIIs) turned sellers and offloaded equities worth Rs 880.49 crore. Domestic Institutional Investors (DIIs) too sold equities worth Rs 596.28 crore. Amid this volatility, there is an opportunity for investors to earn some additional profit from their investment as stocks of several companies are set to trade ex-date for dividend. Investors must…

Read More