Business

17

Jul

By The Press Editor

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Business

PC Jeweller shares in focus as it plans to raise Rs 1,000 crore through qualified institutions placement | Markets

Mumbai: Shares of PC Jeweller are in focus after the company informed exchanges that its board has approved raising up to Rs 1,000 crore. According to the information shared, the funds will be raised through a qualified institutional placement (QIP). The funds will be raised through the issuance of equity shares or other eligible securities in one or more tranches. The board has also constituted a dedicated QIP committee to determine the process, including the size, timing, pricing, and other terms and conditions. Amid this, the stock traded at Rs 9.76, down 5.52 per cent from the previous close. The market…

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17

Jul

By The Press Editor

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Business

Gold price drops below Rs 1.40 lakh per 10 grams on MCX, silver too falls | Check city-wise rates | Markets

Mumbai: Rates of precious metals in futures fell further on Friday, July 17, 2026, amid higher global crude oil prices due to heightened tensions in West Asia. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 338 or 0.24 per cent at Rs 1,40,686 per 10 grams against the previous close of Rs 1,40,348. However, it later fell to touch an intraday low of Rs 1,39,801, a drop of Rs 547 or 0.38 per cent. In between, it touched an intraday high of Rs 1,40,733. Last seen, it was trading at Rs…

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17

Jul

By The Press Editor

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Business

Jio Financial Services shares gain over 6% after net profit rises 156%, revenue more than triples | Markets

Mumbai: Shares of Jio Financial Services surged over 6 per cent on Friday, July 17, 2026, after the company reported a 156 per cent year-on-year (YoY) jump in consolidated net profit to Rs 830 crore for the April-June quarter of the financial year 2026-27. According to the company, its profit after tax increased 113 per cent year-on-year (YoY) to Rs 96 crore, driven by sustained growth in Assets Under Management (AUM). Amid this, the stock opened gap-up, gaining 4.94 per cent to 247.30 from the previous close of Rs 235.65. Amid a spurt in trading volume of more than 3.66…

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17

Jul

By The Press Editor

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Business

Sensex up 183 points, Nifty above 24,100 as IT stocks rally, Wipro among only 2 losers with drop of 2% | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the green despite weak global cues on July 17, 2026, due to escalating geopolitical tensions in the Middle East and elevated crude oil prices. While the 30-share BSE Sensex jumped 183.9 points or 0.23 per cent to start the session at 77,370.77, the Nifty added 54.85 points to open at 24,127.60. In the last trading session, the Sensex closed at 77,186.87 and the Nifty 50 at 24,072.75. However, the broader indices traded mixed in the opening session. While the BSE Midcap Select Index was up by 13.42 points, the…

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17

Jul

By The Press Editor

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Business

Wipro stock in focus as company’s profit remains flat in Q1, announces interim dividend: Check amount | Markets

Mumbai: Shares of IT major Wipro will be in focus on Friday, July 17, 2026, as the company reported an almost flat consolidated net profit of Rs 3,352 crore in the first quarter of the financial year 2026-27. Meanwhile, the company's American depositary receipts (ADRs) rose 0.54 per cent overnight following the earnings announcement. The company has declared an interim dividend for its shareholders. The stock ended the last trading session in the green ahead of the results. The stock closed at Rs 177.80, a gain of 1.75 per cent from the previous close of Rs 174.60 on the BSE.…

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16

Jul

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Business

FMCG stock hits upper circuit post sharing updates related to it subsidiary, check share price | Markets

Mumbai: Benchmark indices Sensex and Nifty climbed on Thursday, led by firm buying in IT stocks and hopes that the US Federal Reserve may adopt a less aggressive monetary policy stance in the coming months following softer-than-expected inflation data. Amid this, shares of fast-moving consumer goods (FMCG) company Spice Lounge Food Works Ltd. hit a 5 per cent upper circuit. The stock opened at Rs 26.50, a gain of Rs 1.15 or 4.5 per cent from the previous close of Rs 25.35 on the BSE. It gained further, hitting its 5 per cent upper price band of Rs 26.61. Last…

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16

Jul

By The Press Editor

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Business

Is ‘buy the dip’ losing its charm? How investors are responding to persistent global uncertainty | Personal-finance

New Delhi: For the last few years, buy the dip has become the default action for Indian equity investors. Markets fell, retail money rushed in, and they rebounded, rewarding investors who added money. But 2025-26 has tested this playbook extensively. According to experts, geopolitical risks, high inflation in pockets of the world, and rising volatility have taught investors that not every dip bounces back on schedule, and that markets can keep dipping further.  This shift is changing investor behaviour, and instead of timing the markets, more investors - both retail and High Net Worth Individuals (HNIs) - are now asking…

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16

Jul

By The Press Editor

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Business

Residential sales rise 8% YoY in Q1 2026 as buyers prioritise quality, experience and enduring value | Business

New Delhi: India's residential market is entering a more discerning phase, one where the definition of an upgrade extends far beyond a larger home or a more prestigious address. Buyers today are becoming increasingly selective, placing greater emphasis on the overall quality of the offering rather than simply its price point. From trusted developer brands and thoughtfully planned communities to integrated lifestyle ecosystems and future-ready amenities, purchasing decisions are being shaped by experience as much as by investment potential. This evolving preference reflects a growing 'flight-to-quality' trend, signalling a broader shift towards premiumisation that is steadily reshaping demand across India's…

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16

Jul

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Business

Get LPG cylinder delivered in minutes via Swiggy Instamart app, here’s everything you need to know | Business

Bengaluru: The scope of quick commerce is no longer limited to just groceries and daily essentials, as Swiggy Instamart has partnered with Hindustan Petroleum Corporation Limited (HPCL) to launch on-demand LPG cylinder delivery for customers. This service has been introduced in Bengaluru as a pilot project and will be expanded to other cities across the country depending on the response it receives. This service is considered particularly useful for those who need smaller cylinders urgently or do not have a regular domestic gas connection. This marks the first time in India that LPG cylinders are being delivered through a quick-commerce…

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16

Jul

By The Press Editor

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Business

Concerned about getting train ticket or high air fares during Durga Puja 2026? Here’s an alternate route you can check | Business

Kolkata: Many people from Kolkata reside in metro cities such as Delhi, Chennai, and Bengaluru. But very often they could not visit Kolkata - the hub of Durga Puja - due to skyrocketing flight fares and heavy rush in trains during the festive season. But there is good news for such people: Kolkata is set to get direct premium-coach connectivity to four major Indian cities, with Shyamoli Paribahan launching new long-distance bus services to Delhi, Chennai, Bengaluru and Puri from Wednesday. Built on the premium Volvo 9600 SLX platform, the service is specifically designed for festive travellers seeking reliable, affordable…

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