Business

21

Feb

By The Press Editor

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Business

Shares of this steel pipe manufacturer gain even as Sensex falls over 500 points – Here’s why

Earlier, the steel maker said it had secured an order to supply 3000 metric tonne (MT) of pipes under the government's Jal Jeevan Mission. Shares of iron and steel pipe manufacturer JTL Industries gained over 2 per cent even as Sensex declined over 500 points on Friday. The counter opened at Rs 91.89 on the BSE against the previous close of Rs 90.69. The counter gained later to hit an intra-day high of Rs 92.59 - a gain of over 2 per cent. The surge in the share price came after the company received NCLT approval to commence…

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21

Feb

By The Press Editor

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Business

New India Co-operative Bank update: Will RBI give some relief to depositors?

The Reserve Bank of India (RBI) on Friday superseded the cooperative lender's board for a year and appointed an administrator to manage its affairs. New India Coop Bank update: The Reserve Bank of India (RBI) is reportedly planning to give some relief to customers of New India Co-Operative Bank. The central bank has imposed business restrictions on the Mumbai-headquartered bank and has superseded the lender’s board citing governance lapses.  Now, reports suggest that RBI may allow depositors of the troubled New India Co-operative Bank to withdraw funds in case of personal or medical emergencies. But no official statement…

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21

Feb

By The Press Editor

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Business

8th Pay Commission salary hike: Fitment factor, its impact on salary and pension, other details

The announcement regarding the 8th Pay Commission was made on January 17, 2025, and the government has already said that the 8th Pay Commission will be effective from January 1, 2026. 8th Pay Commission salary hike: With the announcement of the 8th Pay Commission, nearly 50 lakh central government employees and 65 lakh pensioners are keenly waiting for the decision of the pay commission - which is yet to be formed - on the fitment factor, which is used to determine the new salary structure. Previous commissions have been steadily increasing this factor, boosting the wages of…

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21

Feb

By The Press Editor

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Business

Market Closing Bell: Markets fall for 4th straight day, BSE decline 424.90 points

From the Sensex pack, Mahindra & Mahindra tanked over 6 per cent. Adani Ports, Tata Motors, Sun Pharma, Power Grid, Zomato, ICICI Bank, State Bank of India and UltraTech Cement were also among the laggards. Market Closing Bell: Equity benchmark indices Sensex and Nifty continued to fall for the fourth straight session on Friday i.e. February 21, 2025, dragged by auto stocks and relentless foreign fund outflows. The 30-share BSE benchmark Sensex dropped 424.90 points or 0.56 per cent to settle at 75,311.06. During the day, it tanked 623.55 points or 0.82 per cent to 75,112.41. The NSE…

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21

Feb

By The Press Editor

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Business

UPI users alert! Google Pay begins charging for these transactions – Check full details here

Earlier, Google Pay partnered with NPCI to launch UPI Circle. This feature allows users to add family members and friends as secondary users. UPI or Unified Payments Interface has become quite popular these days. From booking flight tickets to making small purchases from a street vendor, we are using this mode more than anything else. Moreover, people are now using UPI to make their bill payments and renew their policies. But there is an important update for those using Google Pay- one of India’s dominant digital payment platforms. Google Pay, which is the second-largest player after Walmart-backed PhonePe,…

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21

Feb

By The Press Editor

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Business

Adani Group plans Rs 30,000 crore investment in Kerala over next 5 years

Meanwhile, all major Adani group stocks were trading in the red on Friday as the 30-share BSE benchmark Sensex fell over 500 points and the NSE Nifty 50 dipped around 190 points. Adani Group has a mega investment plan for Kerala. According to a top executive, the company will invest Rs 30,000 crore in Kerala in the next five years.   The diversified group. that is developing the Vizhinjam port, has already invested Rs 5,000 crore. The company is operating the airport at Thiruvananthapuram and it will be developing a logistics and e-commerce hub as well as expanding…

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21

Feb

By The Press Editor

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Business

Vedanta shares gain as company gets approval to split into five separate entities

Vedanta Share Price Today on BSE, NSE: The market capitalisation of the private-sector mining giant is Rs 1,70,258.30 crore. Vedanta Share Price: Shares of Vedanta gained around 2 per cent on Friday after the company got approval from creditors and shareholders for demerger. The company has proposed demerger into five separate entities. The counter opened at Rs 436.55 on the BSE against the previous close of Rs 433.55. It gained further to log an intraday high at Rs 442.2 per share. This is a gain of 1.99 from the closing price of the previous session.  The market…

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21

Feb

By The Press Editor

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Business

India-UK Free Trade Agreement: Talks expected to resume soon, UK Minister to visit India next week

FTA negotiations between India and the United Kingdom were launched on 13th January 2022 and 13 rounds were held till December 2023. India and the United Kingdom are expected to relaunch negotiations on the long-pending Free Trade Agreement (FTA), news agency ANI quoted sources as saying. According to the report, UK Minister for Trade Douglas Alexander is expected to visit India next week and meet Union Minister for Commerce & Industry Piyush Goyal as part of the discussions.  According to the reports, the two leaders will discuss ways to accelerate the FTA talks. The talks have been under negotiation for…

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21

Feb

By The Press Editor

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Business

Namma Metro Bangalore Timings: Purple, Green line train services extended for WPL 2025 – Full details here

Namma Metro Bangalore Timings: According to BMRCL, the move aims to facilitate travellers on match days. Namma Metro Bangalore Timings: The third edition of the Women’s Premier League is underway. Considering the scheduled matches of WPL 2025 in the city, Bangalore Metro Rail Corporation Limited (BMRCL) - a joint venture of the Government of India and the Government of Karnataka - has decided to extend the train services on Purple and Green lines on the match days. According to BMRCL, the move is aimed at facilitating travellers on match days.  “In order to facilitate travel by Namma Metro to cricket…

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21

Feb

By The Press Editor

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Business

Market Opening Bell: Sensex falls over 100 points, Nifty below 22,900, M&M drops 1.70 per cent

Market Opening Bell: From the Sensex pack, Mahindra & Mahindra, ICICI Bank, UltraTech Cement, NTPC and Axis Bank were among the major losers. Market Opening Bell: Indian benchmark indices fell for the third consecutive session on Friday, February 21, 2025, and opened marginally lower amid mixed global cues. The 30-share BSE Sensex opened 123.35 points, or 0.16 per cent, lower at 75,612.60, and the NSE Nifty 50 fell 55.95 points, or 0.24 per cent, to 22,857.20 in the opening trade. From the Sensex pack, Mahindra & Mahindra, ICICI Bank, UltraTech Cement, NTPC and Axis Bank were among the…

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