Business

02

Sep

By The Press Editor

Business

LIC introduces Bima Platinum and Jeevan Raksha policies; one secures family, other builds wealth: Details

Life Insurance Corporation of India (LIC) has launched two new insurance policies - Bima Platinum (Plan 770) and Jeevan Raksha (Plan 894). LIC CEO and MD R Doraiswamy launched these products on the occasion of the Corporation's 70th anniversary. The two plans offer different benefits, premium-payment options, and purposes. Here is what prospective policyholders should know about these two insurance policies. LIC Bima Platinum Plan 770 According to LIC, Bima Platinum is a non-par, non-linked, individual plan. In simple terms, it is an individual insurance policy that is neither profit-sharing nor market-linked. It provides insurance protection along with savings. It…

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02

Sep

By The Press Editor

Business

Metal stock hits 10% upper circuit even as Nifty Metal falls nearly 1% amid surge in crude oil prices

Shares of Ahmedabad-based TMT steel bars manufacturer Rhetan TMT surged 10 per cent to hit an upper circuit even as Nifty Metal fell nearly 1 per cent amid weakness in the benchmark indices as fresh strikes between the US and Iran drove investors into risk-off positioning. The counter opened at Rs 19.22, up 8.25 per cent from the previous close of Rs 19.16, and surged to an intraday high of Rs 21.05. Last seen, the stock was trading at Rs 21.04, and the company's market cap stood at Rs 1,676.63 crore. The stock reversed course today and gained after four…

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02

Sep

By The Press Editor

Business

India to get 100 new airports in next 10 years, government plans to spend nearly Rs 30,000 crore

The central government has prepared a blueprint to make air travel in India more accessible and easy. Under this plan, 100 new airports will be built over the next 10 years at an estimated cost of Rs 30,000 crore. According to Civil Aviation Minister Ram Mohan Naidu, these airports will be developed under the Centre's regional connectivity scheme UDAN (Ude Desh ka Aam Naagrik). He said this while inaugurating  India's third 'hub & spoke' operation from Ahmedabad airport. India's third 'hub and spoke' service inaugurated from Ahmedabad Union Minister Naidu inaugurated India's third "hub and spoke" service from Ahmedabad Airport…

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02

Sep

By The Press Editor

Business

2 September, 2026 Stock Market Updates: Sensex tumbles 472 points, Nifty below 23,900 amid rise in crude oil prices

Indian equity benchmark indices, the Sensex and Nifty, opened in the red on Wednesday amid weak global cues and rising crude oil prices due to fresh escalation of the US-Iran conflict. While the 30-share BSE Sensex tumbled 472.96 points or 0.61 per cent to start the session at 76,471.32, the Nifty opened with a drop of 196.60 points to 23,859.20. In the last trading session, the Sensex closed at 76,944.28 and the Nifty 50 at 24,055.80. Similarly, the broader indices traded in the red in the early trading session. While the BSE Midcap Select Index was down by 191.17 points,…

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01

Sep

By The Press Editor

Business

Infra stock in focus as company’s board approves share buyback worth Rs 169.29 crore, check details

Shares of real estate and EPC (engineering, procurement, and construction) company Man Infraconstruction are in focus after the firm announced that its board of directors approved a buyback of equity shares. The board approved the decision at a meeting held on September 1, 2026. According to the information shared with exchanges, the company will buy a maximum of 99 lakh equity shares with a maximum investment of Rs 169.29 crore.  Details of buyback  The transaction will be conducted in cash via the open market route through stock exchange mechanisms. Promoters, promoter group members, and persons in control of the company…

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01

Sep

By The Press Editor

Business

India’s domestic traffic grows 4.2% YoY: Here’s how airport boom is creating new mobility opportunity

As air travel expands into smaller cities and passenger volumes rise, a parallel opportunity is taking shape on the ground - connecting travellers seamlessly from airports to cities and destinations beyond them. According to the Ministry of Civil Aviation, India's airports handled around 420 million passengers in 2025, compared with 401 million in 2024. Domestic traffic grew 4.2 per cent, while international traffic increased 7.5 per cent. At the same time, India's airport network has expanded from 74 airports in 2014 to 165 in 2026. Emergence of organised ground mobility This growth is creating a larger market for organised ground mobility.…

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01

Sep

By The Press Editor

Business

RBI’s new loan rules: What changes for borrowers and all they need to know

The Reserve Bank of India (RBI) has been tightening lending rules to ensure transparency in borrowing and protect consumers from hidden costs and unethical practices. The changes will benefit borrowers with clearer information regarding loan rates, fluctuating interest rates, electronic lending, and repayment options. However, it is important to note that the directions, which will be called "Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026", are proposed to come into effect from April 1 next year. However, borrowers should note a few things.  Increased transparency regarding loan costs According to Mukesh Pandey, Founder & MD, Rupyaapaisa.com,…

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01

Sep

By The Press Editor

Business

Indian Railways changes timings of two Vande Bharat Express trains from September 2: Check new schedule

New Delhi: Indian Railways has revised the schedule of two Vande Bharat Express trains--- Varanasi-Ranchi and Varanasi-Deoghar--- for the convenience of passengers. Passengers travelling on these routes are advised to check the revised timetable before planning their journey. The Railways has revised the departure timings of the Varanasi-Ranchi and Varanasi-Deoghar Vande Bharat Express Trains by 10 minutes. This means both trains will now depart 10 minutes earlier than their previous departure times.  According to the revised railway timetable, train number 20888 Varanasi (Cantt)-Ranchi Vande Bharat Express will now depart at 3:55 pm instead of 4:05 pm. This means passengers boarding…

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01

Sep

By The Press Editor

Business

Indian Railways approves project worth Rs 675 crore, implementation of Kavach on 712 km route

The Ministry of Railways has taken a major step to enhance passenger safety, ease train movement, and strengthen freight capacity by approving three key projects worth a total of Rs 675 crore. These include Kavach 4.0 in the Moradabad division of Uttar Pradesh, the Adra-Joychandipahar bypass in West Bengal, and a modern signalling system in the Samastipur division of Bihar. Kavach 4.0 will be installed in Moradabad division at a cost of Rs 170 crore The Indian Railways has approved Rs 170 crore for installing Kavach 4.0 on the remaining 712 route kilometres of the Moradabad Division of Northern Railway.…

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01

Sep

By The Press Editor

Business

Benchmark indices Sensex, Nifty end volatile session flat, ITC jumps nearly 4%

Benchmark indices Sensex and Nifty ended the volatile session almost flat as better-than-expected GDP growth underscores the resilience of domestic demand and the broader economy. The 30-share BSE Sensex closed 12.99 points or 0.02 per cent lower at 76,944.28. During the day, the benchmark hit a high of 777,231.87 and a low of 76,656.12, gyrating 575.75 points. The 50-share NSE Nifty shed 24.60 points or 0.10 per cent to end the session at 24,055.80. Similarly, the broader market ended the session in the red. While the BSE MidCap Select Index dropped 113.99 points or 0.60 per cent, the BSE SmallCap…

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