Business

31

Aug

By The Press Editor

Business

Can you afford a smartphone above Rs 1 lakh? Understand the new math of premium phone ownership

The Rs 1 lakh smartphone is no longer an unusual purchase in India. The latest premium flagships, including the iPhone 17 Pro and Samsung Galaxy Z Fold8, have pushed smartphone prices firmly into a range where the payment method can be as important as the device itself. At the same time, financing is becoming increasingly common. According to Counterpoint Research’s Monthly Smartphone Financing Tracker, the average smartphone financing tenure in India’s mainline channel reached 10 months in Q2 2026, while Apple recorded the highest average tenure among smartphone brands at 17.2 months.  For consumers, this raises a more practical question:…

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31

Aug

By The Press Editor

Business

India’s GDP grows 7.8% in April-June quarter of current fiscal year, beats RBI forecast

The Indian economy grew 7.8 per cent in the April-June quarter of the current fiscal year, beating the Reserve Bank of India's estimates despite global uncertainties. The central bank had projected a growth of 7 per cent. Real Gross Domestic Product (GDP) at constant prices in the first quarter of FY27 is estimated at Rs 81.36 lakh crore, up from Rs 75.46 lakh crore in the corresponding quarter of 2025-26. "Indian economy has sustained growth momentum despite global headwinds," said the Ministry of Statistics and Programme Implementation (MoSPI).  Nominal GDP, or GDP at current prices, in the April-June quarter of the current…

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31

Aug

By The Press Editor

Business

Rs 60 Dividend Stock: Here’s your last chance to buy this BSE 500 company to be eligible for corporate action

Amid stock market volatility, investors are looking for stocks that can help them earn additional income. One such stock is the personal care company Procter & Gamble Hygiene and Health Care. The company has announced a final dividend of Rs 60 per equity share with a face value of Rs 10 each for the financial year ended March 31, 2026. "We are pleased to further inform you that the Board of Directors of the Company, at its meeting held today, inter alia, has recommended a dividend of Rs. 60 per Equity Share (Nominal Value of Rs. 10/- each)," the company stated in…

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31

Aug

By The Press Editor

Business

VETO expands live sports portfolio, secures exclusive OTT rights for Billie Jean King Cup 2026

Less than a year after its launch in September 2025, VETO, India’s subscription-free OTT platform, is strengthening its commitment to live sports with the acquisition of the exclusive OTT streaming rights for the Billie Jean King Cup 2026 in India. Recognised as the Women's World Cup of Tennis, the Billie Jean King Cup is one of the most prestigious team competitions in global tennis, bringing together the best national teams from across the world. The acquisition comes soon after VETO announced the exclusive OTT streaming rights for the Davis Cup 2026, giving the young platform two of global tennis' most…

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31

Aug

By The Press Editor

Business

Augmont Enterprises IPO listing: Shares make strong debut, list at 22% premium over IPO price

Shares of integrated gold and silver platform Augmont Enterprises Ltd made a strong debut on the bourses today, listing at a 22 per cent premium over the issue price. The stock opened at Rs 961 on the National Stock Exchange (NSE), a 21.95 per cent premium over its IPO price of Rs 788 per share. On the BSE, it debuted at Rs 956, marking a 21.32 per cent premium. Earlier, the Rs 825-crore initial public offering (IPO) received a good response from investors and was subscribed 105.78 times on the final day of bidding on Tuesday. According to data available…

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31

Aug

By The Press Editor

Business

IT stock in focus as firm announces partnership to launch preventive screening and wellness app: Details

Shares of the information technology (IT) company Blue Cloud Softech Solutions are in focus as the company has announced a partnership to launch a preventive screening and wellness application powered by its AI-integrated care platform, BluHealth. Amid this update, the stock opened in the green at Rs 20.25 against the previous close of Rs 20.21 on the BSE. It gained further to touch an intraday high of Rs 20.59, a gain of Rs 0.38 or 1.88 per cent from the previous close. However, the counter saw profit booking at higher levels and fell to hit an intraday low of Rs 19.98, down…

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31

Aug

By The Press Editor

Business

Healthcare stock trades in green as firm plans to expand its total capacity to 5,740 beds by March 2028

Shares of private hospital chain Park Medi World trade in the green even as benchmark equity indices Sensex and Nifty declined as renewed tensions in West Asia triggered a rebound in crude oil prices. The stock trades in the green after the company said that it plans to expand total capacity to 5,740 beds by March 2028 through a total addition of 1,450 beds across ongoing greenfield and brownfield projects. The stock started the trading session at Rs 290.80, a gain of Rs 0.75 or 0.25 per cent from the previous close of Rs 290.05 on the BSE. The counter…

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31

Aug

By The Press Editor

Business

HDFC Bank share price rises as CEO Jagdishan opts out of reappointment amid governance concerns

HDFC Bank share price gained on Monday, August 31, 2026, after HDFC Bank's managing director and chief executive Sashidhar Jagdishan opted out of being considered for reappointment. The largest private sector lender said in a regulatory filing that his current term ends on October 26, 2026. 61-year-old Jagdishan will retire after spending nearly three decades at the lender. Amid this, the stock opened in the green at Rs 721.60 against the previous close of Rs 720 on the BSE. It gained further to touch the intraday high of Rs 739.50, representing a gain of Rs 19.5 or 2.70 per cent…

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31

Aug

By The Press Editor

Business

31 August, 2026 Stock Market Updates: Sensex drops 133.78 points, Nifty near 24,100, Eternal top gainer

Indian equity benchmark indices, the Sensex and Nifty, opened lower on Monday as renewed US-Iran military escalation revives concerns over global energy supplies, triggering a rebound in crude oil prices and prompting a broader risk-off tone across Asian markets. While the 30-share BSE Sensex fell 133.78 points or 0.17 per cent to start the session at 77,130.73, the Nifty opened with a drop of 58.10 at 24,117.55. In the last trading session, the Sensex closed at 77,264.51 and the Nifty 50 at 24,175.65. Similarly, the broader indices traded in the red in the early trading session. While the BSE Midcap…

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28

Aug

By The Press Editor

Business

Sugar sale rules set for a change from September, mills to get quotas every 15 days to curb hoarding

New Delhi: Amid a recent rise in sugar prices, the Centre has tightened its monitoring of sugar supplies and announced a new quota system for sugar mills. From September 2026, sugar mills will receive sales quotas every 15 days instead of getting a monthly allocation. The move is aimed at ensuring adequate availability of sugar in the market and preventing situations of artificial shortages or hoarding. The government has also made it clear that there is no shortage of sugar in the country. At present, the Ministry of Food allocates sugar sales quotas to mills for an entire month. However,…

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