Business

13

Jul

By The Press Editor

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Business

Retail inflation accelerates to 4.38% in June, breaches central ​bank’s 4% target | Business

New Delhi: India's retail inflation rose to 4.38 per cent in June, up from 3.93 per cent in May. The Ministry of Statistics and Programme Implementation (MoSPI) released the inflation data on Monday. Higher prices of petrol, diesel, CNG, along with food items, geopolitical tensions in West Asia and monsoon-related concerns put pressure on prices, pushing up retail inflation. The Reserve Bank of India is responsible for controlling inflation Additionally, this marks the first time in 17 months that the country's retail inflation rate has exceeded the Reserve Bank of India's 4 per cent target. The Reserve Bank of India…

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13

Jul

By The Press Editor

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Business

This textile company shares order book, stock hits upper circuit for second consecutive session | Markets

Mumbai: Shares of Gujarat-based integrated cotton yarn manufacturer Aastha Spintex were locked in a 5 per cent upper circuit on Monday after the company announced a robust order book of approximately Rs 76.78 crore for the four-month period from July 2026 through October 2026. The stock opened gap despite benchmark indices Sensex and Nifty declining in early trade amid escalating tensions in West Asia and rising crude oil prices. After two days of rally, the 30-share BSE Sensex fell 616.15 points to 76,946.97 in early deals, and NSE Nifty was down by 190.50 points to 24,015. Despite this, the stock…

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13

Jul

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Business

Kusumgar IPO allotment expected today, here’s latest GMP and step-by-step guide to check status | Markets

Mumbai: The allotment status of the initial public offering (IPO) of engineered fabric manufacturer Kusumgar Ltd is expected to be finalised any time today, i.e. on July 13, 2206. The public issue received a whopping 128.85 times subscription on the closing day of bidding on Friday. The strong subscription was driven by strong response from Qualified Institutional Buyers (QIBs). According to data from the National Stock Exchange (NSE), the Rs 650-crore issue attracted bids for 1,47,76,17,435 shares against 1,14,68,094 shares on offer. The portion reserved for QIBs was subscribed a massive 284.10 times. The category for non-institutional investors was booked…

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13

Jul

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Business

Defence stock in focus as company to raise Rs 3,322 crore through fresh equity issuance, check issue price | Markets

Mumbai: Shares of Hyderabad-based defence and aerospace technology company Apollo Micro Systems will be in focus during today's trading session, as the company has announced it will raise Rs 3,322 crore through a fresh equity issuance. The company has also issued a corrigendum to BSE Limited and the National Stock Exchange (NSE) regarding errors in its earlier board meeting outcome letter dated July 6, 2026. According to the latest update, the preferential issue will comprise 2,28,30,902 equity shares worth a total of Rs 951.13 crore and 5,69,15,380 convertible equity warrants aggregating Rs 2,371.09 crore. The equity shares are proposed to…

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13

Jul

By The Press Editor

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Business

Gold falls 1% on MCX, silver crashes by Rs 5.3k per kg amid renewed US-Iran war tensions | Check city-wise rates | Markets

Mumbai: Gold Price Today, Gold MCX Rate: Rates of precious metals in futures opened lower on Wednesday, July 13, 2026, as investors turned cautious amid renewed geopolitical tensions between the US and Iran, which strengthened the US dollar. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 845 or 0.50 per cent at Rs 1,42,633 per 10 grams against the previous close of Rs 1,43,478. It fell further to an intraday low of Rs 1,41,557, down Rs 1,921 or 1.33 per cent. In between, it touched an intraday high of Rs 1,42,669.…

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13

Jul

By The Press Editor

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Business

Days after listing, Waterways Leisure Tourism approves stock split, check ratio and other details | Markets

Mumbai: Shares of Cordelia Cruises operator Waterways Leisure Tourism are in focus after the company approved a proposal for the subdivision of its stock. The sub-division is aimed at enhancing the liquidity of its shares, making it more affordable for retail investors. However, it is subject to shareholder approval, and the company will announce the record date for determining the eligibility of shareholders after obtaining necessary approvals. According to the information shared with the exchanges, the company expects to complete the entire process within three months from the date of approval, subject to any required regulatory clearances.  Stock split ratio…

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13

Jul

By The Press Editor

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Business

Sensex sheds 606 points, Nifty below 24,050 amid fresh geopolitical tensions, rise in crude oil prices | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a weak note on July 13, 2026, as renewed geopolitical tensions have heightened risk aversion across financial markets, with crude oil prices jumping into the USD 74075 per barrel range. While the 30-share BSE Sensex tumbled 606.04 points or 0.78  per cent to start the session at 76,963.35, the Nifty shed 167.5 points to open at 24,039.40. In the last trading session, the Sensex closed at 77,569.39 and the Nifty 50 at 24,206.90. Similarly, the broader indices traded in the green in the opening session. While…

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12

Jul

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Business

Lucknow to Kanpur in 35 minutes: All about the new Lucknow-Kanpur Expressway opening tomorrow | Business

Lucknow: Uttar Pradesh is to add another landmark infrastructure project with the inauguration of the Lucknow-Kanpur Expressway. The 63-kilometre-long expressway will be inaugurated on Monday, July 13, by Union Defence Minister Rajnath Singh, Union Road Transport and Highways Minister Nitin Gadkari, and Uttar Pradesh Chief Minister Yogi Adityanath. Once operational, the expressway will improve connectivity between the state's two major cities. The journey between Lucknow and Kanpur, which currently takes around 2.5 to 3 hours, will be reduced to just 35 to 45 minutes. The expressway will connect Shaheed Path in Lucknow to Chakeri in Kanpur. The Lucknow-Kanpur Expressway will…

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11

Jul

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Business

Nita Ambani ranked No. 1 in Fortune India’s Most Powerful Women 2026 list | Business

New Delhi: Fortune India hosted its flagship Most Powerful Women (MPW) 2026 celebration at the Four Seasons Hotel, Mumbai, on Friday bringing together India’s foremost women leaders from business, finance, technology, healthcare, public policy and entrepreneurship. The event marked the unveiling of the Fortune India Most Powerful Women 2026 list, recognising 100 women whose leadership is shaping the country’s economic and business landscape. The evening featured a series of high-impact conversations on the future of leadership, artificial intelligence, financial empowerment, entrepreneurship, inclusion and nation-building. Among the key moments, Nita Ambani, chairperson of Reliance Foundation and this year’s No. 1 ranked…

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11

Jul

By The Press Editor

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Business

Alexander George Muthoot conferred Hurun India’s prestigious ‘Top 50 Successful Successor Award’ | Business

New Delhi: Alexander George Muthoot, Joint Managing Director of The Muthoot Group, has been honoured with the prestigious "Top 50 Successful Successor Award" by Hurun India in recognition of his leadership and significant contribution to strengthening and transforming one of India's leading family-owned business groups. The award was presented at the Hurun India Future Forum & Awards 2026, held at the Hyatt in New Delhi on July 8, 2026. The event brought together prominent entrepreneurs, business leaders and next-generation successors who have been recognised for driving innovation, business excellence and sustainable economic growth in India. The Top 50 Successful Successor…

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