Business

01

Sep

By The Press Editor

Business

Lumino Industries IPO allotment: Here’s how to check status online on NSE, BSE; latest GMP

The wait for investors in the initial public offering of Lumino Industries is almost over, as the basis of allotment for the Rs 700 crore public issue is expected to be finalised today, i.e. on September 1, 2026. During the three-day subscription period, the issue was subscribed 118.12 times on the final day of bidding on Monday. According to data available on the National Stock Exchange (NSE). The IPO received bids for 7,46,59,52,130 shares against 6,32,05,127 shares on offer. The QIB category was subscribed 221.43 times, while the non-institutional investors segment garnered 176.42 times subscription. The retail portion was subscribed…

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01

Sep

By The Press Editor

Business

Noida Authority approves Rs 85 crore flyover to connect sectors 148 and 150, check full details

Connectivity between sectors 148 and 150 in Noida is set to improve in the coming days as the Noida Authority has approved construction of a new flyover. The 500-meter-long flyover will improve connectivity across the Noida-Greater Noida Expressway. The new flyover will alleviate the heavy traffic jams caused by narrow underpasses. The project is estimated to cost Rs 85 crore. The new flyover will benefit Noida residents most during the monsoon season, when commuting becomes difficult.  Underpasses cause problems To cross the Noida-Greater Noida Expressway, one must take the route between Sectors 148 and 150. The only option is an…

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01

Sep

By The Press Editor

Business

FMCG stock gains after 9 days, hits upper circuit even as markets drift lower amid fresh US-Iran tensions

Shares of fast-moving consumer goods (FMCG) company Elitecon International reversed course today, gaining after nine consecutive falls. The action in the stock comes even as benchmark indices Sensex and Nifty drifted lower as elevated crude oil prices and fresh US-Iran tensions weighed on investors' sentiment. The counter opened in the red at Rs 10.12, down from the previous close of Rs 10.65. This is also its 52-week low. Amid a spurt in volume by more than 3.30 times, the counter gained and was locked in 5 per cent of upper circuit of Rs 11.18. Last seen, the stock was trading…

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01

Sep

By The Press Editor

Business

Jet fuel prices for domestic airlines increased by Rs 6.28 per litre; will flight travel get costlier?

State-owned oil marketing companies have increased the price of Aviation Turbine Fuel (ATF) by Rs 6.28 per litre. This is the second consecutive month jet fuel prices have increased. With the latest price increase, aviation fuel rates have risen to Rs 121.28 per litre from Rs 115, representing a jump of 5.46 per cent. ATF prices have risen sharply since the escalation of the Middle East conflict in early 2026.   "ATF (Aviation Turbine Fuel) prices for domestic airlines increased by Rs 6.28/litre to Rs 121.28/litre from Rs 115.00," state-run Indian Oil Corporation (IOCL) sources were quoted as saying by ANI.…

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01

Sep

By The Press Editor

Business

Happiest Minds share price tumbles over 12% after merger announcement with ITC Infotech, ITC gains

Shares of Bengaluru-based Happiest Minds Technologies tumbled nearly 9 per cent on Tuesday, September 1, 2026, after the company said ITC Infotech, a wholly owned subsidiary of diversified conglomerate ITC Ltd, will acquire a 22.106 per cent stake in the company. The stock opened in the green at Rs 407.50 against the previous close of Rs 407.15. However, it saw profit booking at these levels and fell to touch the intraday low of Rs 357.50, down Rs 49.65 or 12.19 per cent from the previous close. Last seen, the stock was trading at Rs 359, and the market cap of…

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01

Sep

By The Press Editor

Business

Hy-Tech Engineers IPO listing: Strong debut, shares list at over 41 premium on NSE

Shares of Hy-Tech Engineers, a hydraulic fitting manufacturer, made a strong debut on the bourses on Tuesday, September 1, 2026. The stock listed at Rs 72 on the BSE, a premium of 35.85 per cent to the issue price of Rs 53. The company's market valuation stood at Rs 682.94 crore.  On the National Stock Exchange (NSE), the stock began trading at Rs 75, a premium of 41.51 per cent over the issue price. Earlier, the public issue received strong investor participation. The Rs 135.73-crore initial public offering of Hy-Tech Engineers got subscribed 244.41 times on the final day of bidding on Thursday.…

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01

Sep

By The Press Editor

Business

Mahanagar Gas increases CNG prices by Rs 2 per kg, domestic PNG by Rs 1 per SCM, shares to be in focus

Shares of Mahanagar Gas Limited (MGL), which supplies Compressed Natural Gas (CNG) and Piped Natural Gas (PNG), will be in focus during today's trading session after the company announced a price hike for both commodities. While MGL has increased the price of CNG by Rs 2 per kg, the price of PNG has been hiked by Rs 1 per SCM (standard cubic metre). The company has increased the prices, citing a rise in input costs due to the Middle East tensions. The new prices of CNG and PNG take effect at midnight on September 1.  "In view of the ongoing…

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31

Aug

By The Press Editor

Business

Gautam Adani shares roadmap for Viksit Bharat, speaks on economic growth and New India’s aspirations

Mumbai: Billionaire Gautam Adani on Monday (August 31) shared his vision for a 'Viksit Bharat' (developed India), while speaking as the chief guest at the CareEdge Ratings Infrastructure Landscape event. Adani spoke about India's economic growth and infrastructure development, outlining his dreams for new India. 'India needs wider lenses' Adani urged India's credit-rating agencies to adopt broader analytical frameworks for assessing infrastructure projects, arguing that conventional models can underestimate the economic and strategic value of large platforms that create new markets and industrial ecosystems. "Our roads are expanding at unprecedented speed. Our ports are transforming. Our airports are connecting more nations…

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31

Aug

By The Press Editor

Business

Punjab National Bank hosts AI Summit 2026, showcases cybersecurity hackathon and its future-ready banking vision

New Delhi: Punjab National Bank (PNB) successfully organised the PNB AI Summit 2026, bringing together policymakers, regulators, industry leaders, academia, technology experts, fintech innovators, and cybersecurity professionals to deliberate on the transformative role of Artificial Intelligence, Ǫuantum Technologies, and Cybersecurity in shaping the future of the Banking, Financial Services and Insurance (BFSI) sector. The two-day summit commenced with the inauguration by Debasish Prusty, Additional Secretary, DFS in the presence of Ashok Chandra, MD&CEO, PNB, Atul Kumar Goel, Chief Executive, IBA; JBV Reddy, Head QTC, National Ǫuantum Mission, Department of Science and Technology, Govt. of India; Gulshan Rai, IS Advisor; and…

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31

Aug

By The Press Editor

Business

Sensex drops 307.24 points to settle at 76,957.27, Nifty falls 95.25 points as US-Iran tensions escalate

Benchmark indices Sensex and Nifty ended lower as escalating tensions between the US and Iran have kept investors on edge. The 30-share BSE Sensex closed 307.24 points or 0.40 per cent lower at 76,957.27. During the day, the benchmark hit a high of 77,177.27 and a low of 76,751.32, gyrating 425.95 points. The 50-share NSE Nifty dropped 95.25 points or 0.39 per cent to end the session at 24,080.40. Similarly, the broader market ended the session in the red. While the BSE MidCap Select Index dropped 22.55 points or 0.12 per cent, the BSE SmallCap Select Index ended with a…

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