Business

27

May

By The Press Editor

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Business

Amid soaring ATF prices, Air India to cut 22% domestic flights – Check full details here | Business

Mumbai: Amid soaring prices of Aviation Turbine Fuel (ATF)  and low demand during the summer, Air India has temporarily cut 22 per cent of its domestic flights, news agency PTI quoted sources as saying. The decision comes two weeks after the Tata Group-owned airline announced a 27 per cent reduction in international flights amid airspace curbs, as well as costlier jet fuel, which have pushed the operational costs higher for overseas sectors. Air India operates around 4,400 weekly flights. Out of them, about 3,600 are domestic, and 800 are international services. "In continuation of our previously announced adjustments to select…

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27

May

By The Press Editor

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Business

Byju’s founder Raveendran sentenced to six months in prison in Singapore, here’s why | Markets

Mumbai: A Singapore court has sentenced Byju Raveendran, founder of edtech company Byju's, to six months in prison for contempt of court over alleged non-compliance with disclosure orders. However, the founder has described the decision as "procedural," denied any wrongdoing, and said it will appeal. This sentence is considered the biggest legal setback for Byju's to date.  Byju's was once one of India's largest startups, but the severe recession following the COVID pandemic has left the company embroiled in a series of troubles. Byju's began to face disputes with its own investors, debt-related lawsuits, and operational turmoil, which rocked the…

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27

May

By The Press Editor

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Business

Healthcare stock hits 52-week high amid market volatility, check details here | Markets

Mumbai: Shares of hospital chain Park Medi World Ltd started today's trading session in green even as benchmark indices fell in morning trade amid volatile trends in the equity market, as investors remained cautious due to geopolitical uncertainties and fresh foreign fund outflows. The 30-share BSE Sensex climbed 127.83 points to 76,137.53 in early trade. The 50-share NSE Nifty went up by 36.45 points to 23,950.15. However, both benchmark indices failed to carry forward the momentum and traded lower. The BSE benchmark traded 77.80 points down at 75,935.11, and the Nifty dipped 29.15 points to 23,897.80. Share price today Amid…

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27

May

By The Press Editor

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Business

Gold drops on MCX, silver slips by Rs 4,428 per kg, know key levels | Check city-wise rates | Markets

Mumbai: Gold Price Today, Gold MCX Rate: Rates of precious metals in futures fell further on Wednesday, May 27, 2026, as investors remained cautious amid ongoing tensions between the United States and Iran. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 75 or 0.06 per cent at Rs 1,57,541 per 10 grams against the previous close of Rs 1,57,616. It fell further to touch an intraday low of Rs 1,56,935, a fall of Rs 681 or 0.43 per cent. Last seen, it was trading at Rs 1,57,137 with a fall of…

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27

May

By The Press Editor

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Business

Bakrid Bank Holiday 2026: Banks to remain closed for Id-ul-Zuha in these cities today – Check state-wise list | Personal-finance

New Delhi: Banks in several parts of the country will remain closed today, i.e., on May 27, for Bakrid (also known as Eid-ul-Zuha, Eid-ul-Adha, or Bakri Eid). According to the Reserve Bank of India's list of holidays, the festival will be celebrated on different dates in different states and cities, resulting in varying bank holidays across the country. However, in some cities, banks will remain closed on both days in some cities. If you're planning a trip to the bank today for some important work, you must check this list  According to the Reserve Bank of India's (RBI) holiday calendar,…

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27

May

By The Press Editor

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Business

JP Power share price: Stock surges 18% amid heavy volumes, check full details here | Markets

Mumbai: The Indian equity benchmarks are volatile today amid volatile trends in the equity market, as investors remain cautious due to geopolitical uncertainties and fresh foreign fund outflows. The 30-share BSE Sensex climbed 127.83 points to 76,137.53 in early trade. The 50-share NSE Nifty went up by 36.45 points to 23,950.15. However, both the benchmark indices failed to carry forward the momentum and were trading lower. The BSE benchmark fell 212.69 points to hit a low of 75,797.01, and the Nifty dipped 45.2 points to 23,868.50. However, both indices rebounded and traded in green. Amid this volatility, the stock of…

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27

May

By The Press Editor

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Business

Coal India Share Price: PSU stock falls over 6% as s two-day OFS opens, check floor price and other details | Markets

Mumbai: Shares of state-owned Coal India Ltd (CIL) fell over 6 per cent in early trade on Wednesday as the government's offer for sale (OFS) of up to a 2 per cent stake opened for subscription for non-retail investors. The OFS for retail investors will open on May 29, 2026. The stock started the trading session at Rs 427.80, a fall of Rs 30.45 or 6.64 per cent from the previous close. However, the stock saw buying at lower levels and gained to touch an intraday high of Rs 448.90, but remained below the closing price of the last trading session.…

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27

May

By The Press Editor

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Business

Market Opening Bell: Sensex drops 70 points, Nifty below 23,900, HDFC falls over 2% | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened lower on Wednesday, May 27, 2026, as crude oil prices remained elevated. While the 30-share BSE Sensex dropped 69.84 points or 0.09 per cent to start the session at 75,939.86, the Nifty shed 33.35 points to open at 23,880.35. In the last trading session, the Sensex closed at 76,009.70 and the Nifty 50 at 23,913.70. However, the broader indices traded mixed in the opening session. While the BSE Midcap Select Index was down by 6.02 points, the BSE Smallcap Select Index added 18.85 points or 0.22 per cent, to trade…

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26

May

By The Press Editor

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Business

Solar stock surges over 8% despite volatility in benchmark indices, check details here | Markets

Mumbai: Shares of Noida-based integrated solar energy solutions provider GP Eco Solutions India are in action today, even as benchmark indices remained volatile as crude oil prices jumped after reports of US strikes on Iranian sites weakened sentiment around a possible nuclear deal with Tehran. The counter opened in green at Rs 449.95, a gain of Rs 6.85 or 1.5 per cent against the previous close of Rs 443.10 on the National Stock Exchange (NSE). The counter continued the upward trend and touched the intraday high of Rs 481, representing a gain of Rs 37.9 or 8.55 per cent. Last…

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26

May

By The Press Editor

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Business

IT stock below Rs 50 trades in green even as Sensex falls nearly 500 points – Here’s why | Markets

Mumbai: Shares of smallcap IT company Kellton Tech Solutions Ltd are trading in green even as the Sensex fell nearly 500 points. The stock started the trading session in green at Rs 16 against the previous close of Rs 15.87. Amid a spurt in trading volume by 1.72 times, the scrip gained to touch the intraday high of Rs 17,02, representing a gain of Rs 1.15 or 7.24 per cent. Last seen, the scrip held firmly in green and was trading at Rs 16.60 with a gain of 4.60 per cent. This despite Sensex falling 484.05 points or 0.63 per…

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