Business

25

May

By The Press Editor

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Business

How much do Indians spend on overseas travel in a month? Here’s what RBI data says | Business

New Delhi: Indian citizens spend billions of rupees every year on foreign travel alone. In March this year, Indians spent USD1.09 billion (about Rs 10,404 crore) on foreign travel. However, this is less than in February. According to the latest data released by the Reserve Bank of India (RBI), Indians' spending on foreign travel in March this year decreased to USD1.09 billion, which was USD1.30 billion in February. Indians spent USD 1.65 billion on foreign travel in January.  How much did Indians spend on which class of travel? According to RBI data, under the Liberalised Remittance Scheme (LRS), total remittances…

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25

May

By The Press Editor

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Business

Prayagraj on the real estate map: Is this pilgrimage city becoming a new investment destination? | Markets

New Delhi: Prayagraj is one of India’s most sacred cities and draws millions of devotees and visitors through its deep-rooted religious identity. However, beneath that legacy, the city is undergoing a broader urban transformation. Large-scale infrastructure upgrades undertaken in recent years, particularly around the Kumbh, have significantly improved the city’s roads, public spaces, rail connectivity, and overall accessibility. The improved connectivity and stronger access to cities like Lucknow, Varanasi, Kanpur, and even NCR are gradually integrating Prayagraj into a wider economic corridor.  Experts anticipate price hike The recent launch of the Ganga Expressway is likely to spur a new wave…

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25

May

By The Press Editor

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Business

Market Closing Bell: Sensex jumps 1,073.61 points to settle at 76,488.96, Nifty reclaims 24,000 | Markets

Mumbai: The benchmark equity indices Sensex and Nifty witnessed a sharp rally as a steep fall in crude oil prices and optimism surrounding a potential US–Iran agreement revived risk appetite across global markets. Supported by improving sentiment, the Sensex surged 1.42 per cent, the Nifty gained more than 1.3 per cent, while India VIX declined nearly 7 per cent. The 30-share BSE Sensex jumped 1073.61 points, or 1.42 per cent, to close at 76,488.96. The index opened higher and rose to a high of 76,559.07 during the day. The 50-share NSE Nifty climbed 312.40 points, or 1.32 per cent, to…

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25

May

By The Press Editor

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Business

Healthcare stock hits fresh 52-week high after acquisition update regarding multi-specialty hospital | Markets

Mumbai: Shares of hospital chain Park Medi World Ltd are in action as it informed exchanges that its board of directors has approved the acquisition of V3 Healthcare Private Limited, which owns and operates The Medicity Hospital, a premier 330-bed multi-super speciality facility located in Rudrapur, Uttarakhand. Following this update, the stock hit a fresh 52-week high. The counter started the trading session at Rs 263.50, a gain of Rs 4.05 or 1.56 per cent from the previous close of Rs 259.45 on the BSE. Amid a spurt in volume by more than 3 times, the stock advanced to touch…

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25

May

By The Press Editor

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Business

India’s domestic economic remains positive, resilient: Finance Minister Nirmala Sitharaman | Business

New Delhi: Amid opposition's claim that repeated increases in petrol prices will have a cascading effect on every aspect of the economy, Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said that India's domestic economic situation remains positive and resilient. Speaking at the SIDBI Foundation Day programme, Sitharaman said India cannot afford fear-mongering; we need to instil confidence in our people through our words and actions.  "India's domestic economic situation remains positive and resilient even today. Therefore, those naysayers who jump into the scenario as it were and say that it is all falling. There is a section…

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25

May

By The Press Editor

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Business

Logistics stock in green as company approves major strategic acquisitions, check share price and other details | Markets

Mumbai: Shares of logistics solution provider Sindhu Trade Links Limited (STLL) are in focus as the company has announced updates related to corporate restructuring and asset consolidation plan post a board meeting. Amid these updates, the stock opened in the red at Rs 27 against the previous close of Rs 27.08 on the BSE. However, the stock witnessed buying at this lower and jumped to hit the intraday high of Rs 27.60, representing a gain of Rs 0.52 or 1.92 per cent. Last seen, the stock held firmly in green at Rs 27.16 with a gain of 0.30 per cent…

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25

May

By The Press Editor

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Business

Wipro Share Buyback: IT company fixes record date for biggest-ever buyback, check record date and price | Markets

Mumbai: Shares of IT major Wipro are in focus today as the company has set the record date to determine shareholders' eligibility to participate in its biggest-ever buyback. Amid this, the stock opened gap up today. The scrip opened at Rs 207.35, a gain of 2.09 per cent or Rs 4.25 from the previous close of Rs 203.10 on the BSE. However, the stock witnessed profit-booking and fell to a low of Rs 204.10. Last seen, the stock was trading at Rs 207.15 with a gain of Rs 4.05 or 1.99 per cent. The market cap of the company stood at…

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25

May

By The Press Editor

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Business

Petrol, Diesel Price Hike: From HPCL to IOC, these OMCs stocks in focus today – Check details | Markets

Mumbai: Shares of oil marketing companies (OMCs) will be in focus today, Monday, May 25, 2026, as petrol and diesel prices have been raised by Rs 2.61-2.71 per litre. This is the fourth increase in less than two weeks, and with the latest revision, the cumulative increases in petrol and diesel prices have nearly touched Rs 7.5 per litre since fuel price revisions resumed on May 15 amid a fuel crisis due to tensions in the Middle East. Amid these, stocks of Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) will be in…

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25

May

By The Press Editor

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Business

Market Opening Bell: Sensex surges 720 points, Nifty near 23,950 as crude oil prices decline | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the week on a strong note amid firm global cues, with crude oil dipping below USD 100. While the 30-share BSE Sensex added 720.47 points or 0.95 per cent to start the session at 76,135.82, the Nifty added 220.95 points to open at 23,940.25. In the last trading session, the Sensex closed at 75,415.35 and the Nifty 50 at 23,719.30. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index was up by 163.92 points, the BSE Smallcap Select Index added 75.09 points…

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25

May

By The Press Editor

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Business

Petrol, diesel prices hiked for fourth time in 10 days amid Iran war, check rates in your city | Business

New Delhi: In a big setback to oil consumers in the country, the petrol and diesel prices increased by Rs 2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks, as state-owned firms continued to pass on rising international prices to consumers. Just two days before, the petrol and diesel prices were raised by 87-91 paise per litre on Saturday, taking the cumulative increase in retail fuel rates to nearly Rs 5 a litre in under 10 days as state-owned firms passed on soaring international oil prices. Alongside, compressed natural gas (CNG) prices were…

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