Business

07

Oct

By The Press Editor

Business

Indian Railways to run two Navratri special trains between New Delhi and Katra: Check full schedule, route

New Delhi: The Northern Railway on Wednesday said it will operate two reserved festival special trains between New Delhi and Shri Mata Vaishno Devi Katra, catering to the extra passenger rush during the Navratri festive season beginning on October 11. Check full schedule: The Northern Railway said train number 04083 from New Delhi to SMVD Katra will depart New Delhi at 2 pm on October 9 and 16 and reach Katra at 3 am the following day. Train number 04084, will depart Katra at 10 am on October 10 and 17 and reach New Delhi at 11.30 pm the same…

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07

Oct

By The Press Editor

Business

Sensex ends 429 points lower, Nifty nearly 22,600 after RBI hikes repo rate by 25 bps

Benchmark indices Sensex and Nifty ended the session in the red after the Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent, its first increase in over three years. The 30-share BSE Sensex closed 429.11 points or 0.59 per cent lower at 72,638.70. Similarly, the 50-share NSE Nifty fell 173.05 points or 0.76 per cent to close at 22,603.05. However, the broader market ended the session mixed. While the BSE MidCap Select Index fell 76.43 points, or 0.43 per cent, the BSE SmallCap Select Index added 15.71 points, or 0.17 per cent.  Among…

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07

Oct

By The Press Editor

Business

Will MDR on UPI transactions affect volumes? Here’s what RBI Governor Sanjay Malhotra said

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said that levying a small fee in the form of MDR (Merchant Discount Rate) on UPI transactions will not significantly affect UPI transaction volumes. "As of now, we do not see any drop in volumes. And I don't personally think that a small fee will have a major impact on the volumes," he told reporters at the central bank headquarters. UPI transactions above Rs 2,000 will attract 0.4 per cent MDR The National Payments Corporation of India (NPCI) has announced a 0.4 per cent MDR on UPI transactions above Rs 2,000…

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07

Oct

By The Press Editor

Business

BEST to undergo major transformation, 1,500 new electric midi buses to be added: Check details

The Brihanmumbai Electric Supply and Transport (BEST) is set to undergo major transformation in the coming days. BEST has presented its budget for the 2027-28 fiscal year, which includes numerous initiatives ranging from increasing the number of buses to digital ticketing, real-time tracking, and passenger safety. Most notably, BEST is preparing to add 1,500 new electric midi buses to its fleet. Tenders have also been invited for 200 CNG midi buses. Midi buses are mid-sized, zero-emission passenger vehicles, typically 8 to 10 meters in length, designed to navigate narrow urban streets. Number of buses to be increased BEST had a…

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07

Oct

By The Press Editor

Business

FMCG stock gains 5% ahead of board meeting on October 12 to approve proposals for raising funds

Shares of diversified FMCG enterprise Elitecon International Ltd jumped nearly 5 per cent on Wednesday, October 7, 2026, after the company informed exchanges that its board of directors is scheduled to meet on Monday, October 12, 2026, to consider, evaluate, and approve proposals to raise funds. The company may consider raising capital by issuing equity shares or other eligible securities. The stock started the trading session in the red amid weakness in the benchmark indices. It opened at Rs 7.25 against the previous close of Rs 7.27 on the BSE. However, it rebounded to hit a high of Rs 7.62,…

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07

Oct

By The Press Editor

Business

IT stock gains even in weak market as company commences execution of IBM Cloud AI order, check details

Shares of IT company Blue Cloud Softech Solutions Ltd. surged more than 5 per cent today amid Wednesday's market decline. The company's stock was trading at Rs 21.10, up 5.55 per cent, or Rs 1.11, at the time of writing the report, and on the NSE, it was trading at Rs 21.05, up 5.20 per cent, or Rs 1.04. The stock opened at Rs 20.39 against the previous close of Rs 19.99 on the BSE. Later, it touched the intraday high of Rs 22.85, representing a gain of Rs 2.86 or 14.3 per cent. The intraday low was Rs 20.27.…

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07

Oct

By The Press Editor

Business

Why did the RBI hike the repo rate after over three years? Here are the key reasons

The Reserve Bank of India (RBI) has hiked its benchmark interest rate by 25 basis points to 5.50 per cent, its first increase in over three years. The six-member Monetary Policy Committee voted unanimously to raise the repo rate, the first such increase since Governor Sanjay Malhotra took office in December 2024. While the move was widely expected, the central bank sprang a surprise in shifting its stance towards "calibrated tightening", effectively ruling out a rate cut in the near term. "Rate cuts are off the table in the near term and policy action ahead can only be a rate…

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07

Oct

By The Press Editor

Business

Home loan EMIs to go up as RBI increases repo rate by 25 bps, here’s how much more you will have to pay

The Reserve Bank of India has raised the key benchmark policy rate by 25 basis points to 5.5 per cent. This is the first repo rate hike in over three years and comes as an effort to tame rising inflation amid the ongoing West Asia crisis. With the rate hike, home loans, vehicle loans and corporate loans will become more expensive, and EMIs for existing borrowers will also go up. The last repo rate hike was in February 2023, when the RBI raised the rate by 0.25 per cent to 6.50 per cent. It kept the rate unchanged through 2023-24…

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07

Oct

By The Press Editor

Business

Delhi airport to get automated passenger mover by 2030, will connect all terminals and metro lines

Delhi Airport will get an Automated Passenger Mover (APM) to facilitate passenger movement between all terminals and reduce traffic congestion around the airport. The APM is expected to be operational by 2030 and will be installed with an investment of approximately Rs 3,500 crore. The APM is part of the airport's ten-year master plan till 2036, and during this period, the overall annual passenger handling capacity is projected to rise to 125 million, which can even go up to 129 million. What is APM? The APM is a driverless transport system that transports passengers from one part of the airport…

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07

Oct

By The Press Editor

Business

6 October, 2026 Stock Market Updates: Sensex, Nifty fall ahead of RBI MPC outcome, Titan drops 3%

Indian equity benchmark indices, the Sensex and Nifty, started the session in the red as investors turned cautious ahead of today’s RBI policy decision and amid mixed global cues. The 30-share BSE Sensex fell 102.43 points, or 0.14 per cent, to 72,965.38, while the Nifty shed 85.65 points to open at 22,690.45. In the last trading session, the Sensex closed at 73,067.81 and the Nifty 50 at 22,776.10. However, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 15.76 points, the BSE Smallcap Select Index gained 13.64 points or 0.15 per…

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