Business

14

Feb

By The Press Editor

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Business

Sensex gains 200 points, Nifty holds 23k mark – India TV

Image Source : PTI The Sensex opened at 76,201.10 and Nifty50 at 23,055.75. Market Opening Bell: Indian equity benchmark indices opened in green today i.e. on February 13, 2025. While the 30-share BSE Sensex was up over 200 points in early trade, the NSE Nifty held 23,000 mark. The Sensex opened at 76,201.10 and Nifty50 at 23,055.75. According to data on the NSE, About 1539 shares advanced, 1114 shares declined, and 111 shares unchanged. Among the major gainers in the early trade were Cipla, Kotak Mahindra Bank, Dr Reddy's Labs, Bajaj Finserv, and Tata Steel. On the other hand, Tech…

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14

Feb

By The Press Editor

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Business

Gold, Silver Prices Today: Yellow metal gains on MCX

Image Source : PIXABAY MCX Gold for April 4 contract opened at Rs 85,700 per 10 grams. Gold, Silver Prices Today: MCX Gold for April 4 contract opened 0.25 per cent higher at Rs 85,700 per 10 grams against the previous close of Rs 85,481. However, within a few minutes after opening, the yellow metal increased further as much as 0.52 per cent to the level of Rs 85,926. Around 10 AM, MCX Gold's April 4 contract was 0.43 per cent higher at Rs 85,850 per 10 grams.  Globally, gold futures increased by 0.58 per cent to USD 2,945.62 per ounce…

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14

Feb

By The Press Editor

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Business

PSU dividend stock: PFC shares gain as profit rises 23 per cent

Image Source : FILE PFC has fixed February 28, 2025 as the record date. PSU dividend stock: State-owned Power Finance Corporation Ltd (PFC) gained around 4 per cent on Thursday i.e. on February 13 after the company announced its third interim dividend along with December quarter results. The counter opened at Rs 376.40 on the BSE against the previous close of Rs 373.30. The counter surged further to touch the high of Rs 387.70 - a gain of 3.85 per cent from the last trading price. The 52-week high of the counter is Rs 580.35 and the 52-week low is…

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14

Feb

By The Press Editor

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Business

Ajax Engineering IPO allotment date: Here’s how to check status using PAN

Image Source : FILE Ajax Engineering IPO allotment date: Link Intime India Private is the registrar of the mainboard issue. Ajax Engineering IPO allotment date: The initial public offer of concrete equipment manufacturer Ajax Engineering Ltd got 6.45 times subscribed during the three-day subscription process between February 10 to February 12. The IPO's share allotment status is expected to be finalised today. Here's how to check the status online using PAN. As per the data available on the official website of the NSE, the Rs 1,269-crore initial share sale received bids for 9,12,11,951 shares against 1,41,49,997 shares on offer. Ajax…

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14

Feb

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Business

This pharma stock tanks 20 per cent even as markets trade higher

Image Source : PIXABAY The counter opened gap down with a loss of 18.96 per cent. NATCO Pharma share price: The shares of NATCO Pharma Ltd, a constituent of BSE 500, tanked 20 per cent on Thursday i.e. February 13, 2025. While the counter has been losing for the last five days, it opened gap down with a loss of 18.96 per cent. The counter started the session at Rs 986 against the previous close of Rs 1216.65 on the BSE. It dipped further to touch the intra-day low of Rs 975 - a fall of 19.86 per cent from…

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14

Feb

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Check names and reason – India TV

Image Source : PTI The Reserve Bank of India. The Reserve Bank of India (RBI) has imposed penalties totalling Rs 68.1 lakh on Nainital Bank and Ujjivan Small Finance Bank for violations of regulatory norms. According to an official statement released on Friday, Nainital Bank Ltd faced a penalty of Rs 61.40 lakh for non-compliance with RBI’s guidelines on ‘Interest Rate on Advances’ and ‘Customer Service in Banks’. The nature of the violations and their impact on banking operations were not disclosed in detail. Further, RBI imposed a penalty of Rs 6.70 lakh on Ujjivan Small Finance Bank for non-compliance…

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14

Feb

By The Press Editor

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Business

Gold, Silver Prices Today: Yellow metal gains on MCX amid Modi-Trump meeting

Image Source : PIXABAY In Delhi, the 24-carat gold price was quoted at Rs 87,310 per 10 grams. Gold, Silver Prices Today: Amid Prime Minister Narendra Modi's US visit,  Multi Commodity Exchange (MCX) gold prices saw some buying interest. MCX Gold for April 4 contract opened higher at Rs 86,020 per 10 gm and touched an intraday high of Rs 86,144 within a few minutes of the Opening Bell. At around 10 AM, it was at Rs 86,118 per 10 grams - 0.36 per cent higher than the previous close. The yellow metal's same contract had hit an all-time high…

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14

Feb

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Business

Income Tax Bill 2025: Tax year vs assessment year vs financial year vs calendar year

Image Source : PIXABAY The current Income Tax Act, 1961 uses the concepts of Previous Year and Assessment Year. The Income Tax Bill 2025 has been introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman. The Finance Minister has urged Speaker Om Birla to refer it to a select committee of the House. The much anticipated Bill, which is half the size of the 1961 Income Tax Act, aims at achieving tax certainty.  The Bill will also replace terminologies such as "assessment year" and "previous year" with the easier-to-understand "tax year" as part of a move to simplify language.…

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14

Feb

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RBI supersedes board for 12 months, appoints administrator – India TV

Image Source : PTI Customers gather at New India Co-operative Bank. The Reserve Bank of India (RBI) on Friday superseded the Board of Directors of New India Co-operative Bank for a period of 12 months. The central bank has appointed Shreekant, former Chief General Manager of State Bank of India (SBI), as administrator to manage the affairs of the bank during the period.  Earlier on Thursday, the RBI imposed several restrictions on city-based New India Co-operative Bank, including on the withdrawal of funds by depositors, amid supervisory concerns. The Reserve Bank's Directions to New India Co-operative Bank, Mumbai came…

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14

Feb

By The Press Editor

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Business

India’s wholesale price inflation eases to 2.31 per cent in January 2025 – India TV

Image Source : PIXABAY The wholesale inflation eased on moderation in food and fuel prices. India's wholesale price inflation eased to 2.31 per cent in January 2025 as against 2.37 per cent in December 2024, government data showed on Friday. The wholesale inflation eased on moderation in food and fuel prices. It was 0.33 per cent in January 2024. As per the data, inflation in food items eased to 5.88 per cent in January, as against 8.47 per cent in December 2024. Inflation in vegetables came down significantly to 8.35 per cent, as against 28.65 per cent in December 2024. Inflation…

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