Business

02

Apr

By The Press Editor

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Business

This steel stock surges over 4% despite market sell-off, here’s what behind the rally

Mumbai: Despite a sharp decline in the stock market on Thursday, shares of Rathi Steel and Power Limited traded in the green. The upward movement in the stock came after the company shared a significant business update, reporting its revenue figures for the previous quarter. The company has reported revenue of approximately Rs 244.8 crore in the fourth quarter (Q4) of FY26, while total income for the full fiscal year FY26 was approximately Rs 716.7 crore. This represents a strong year-on-year (YoY) growth of approximately 41.8 per cent compared to Rs 505.43 crore in FY25. According to the company, its…

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02

Apr

By The Press Editor

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Business

Amir Chand, Powerica shares make weak market debut, Sai Parenteral’s stock lists at over 3% premium

Mumbai: Shares of two out of three companies made a weak debut on bourses on Thursday, April 2, 2026, amid a weak broader trend as equity benchmark indices Sensex and Nifty declined 2 per cent in early trade amid rising geopolitical tensions. Shares of power solutions provider Powerica Ltd listed at a discount of over 7 per cent from the issue price of Rs 395. The stock was listed at Rs 366, slipping 7.34 per cent from the issue price on the NSE. On the BSE, it debuted at Rs 375, registering a 5.06 per cent decline from the issue…

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02

Apr

By The Press Editor

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Business

Indigo shares fall 5% as airfares to rise after airline announces Rs 275 to Rs 10,000 revised fuel charges

Mumbai: Shares of IndiGo (InterGlobe Aviation Ltd) fell 5 per cent on Thursday as airfares are set to rise after the country's largest airline announced revised fuel charges ranging from Rs 275 to Rs 10,000. The stock opened gap down with a fall of 2.18 per cent at Rs 4,089.95 against the previous close of Rs 4,180.90 on the BSE. The counter fell further to touch the intraday low of Rs 3,970.05, representing a 5.04 per cent dip. Last seen, the stock was trading at Rs 4,024.90 with a fall of 3.73 per cent, and the market cap of the…

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02

Apr

By The Press Editor

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Business

Government waives full customs duty on key petrochemical products to ensure supply stability amid US-Iran war

New Delhi: As uncertainties continue over when the US-Iran war will end, the government on Thursday announced temporary relief measures for industries reliant on petrochemical inputs. As the global supply chain continues to be disrupted, the government has exempted the import of critical petrochemical products from customs duty. The move will also provide relief to consumers of final products amid the crisis in West Asia.  Exemption Valid till June 30 The duty exemption, which is valid until June 30, will benefit sectors dependent on petrochemical feedstock and intermediates, such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components, and other manufacturing…

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02

Apr

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Business

Market Opening Bell: Sensex falls 872 points, Nifty below 22,400 as war jitters over Iran deepens

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a negative note on Thursday, following weak global cues amid heightened war jitters over Iran.  While the 30-share BSE Sensex tumbled 872.27 points or 1.38 per cent to start the session at 72,262.05, the Nifty fell 296 points to open at 22,383.40. In the last trading session, the Sensex closed at 73,134.32 and the Nifty 50 at 22,679.40. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index shed 176.18 points, or 1.17 per cent, in the early…

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01

Apr

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Business

Jewellery stock gains 9% on allotment of 7.90 crore lakh shares, check price and other details

Mumbai: Shares of Delhi-based PC Jeweller surged 9 per cent on Wednesday as equity benchmarks Sensex and Nifty bounced in early trade, tracking a sharp rally in global markets amid hopes of a potential de-escalation in the ongoing West Asia conflict. The 30-share BSE Sensex jumped 1,899.53 points to 73,847.08 in early trade. The 50-share NSE Nifty surged 572.55 points to 22,903.95. The action in the stock also comes as the company has informed exchanges about the allotment of shares to non-promoter categories.  Allotment of 79.04 lakh shares  The company has informed exchanges that out of the total 48.08 crore…

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01

Apr

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Business

IT stock hits upper circuit on receiving LoA from Indian Railways, check full details here

Mumbai: Shares of LED manufacturing company MIC Electronics are locked in the upper circuit amid strong buying interest following updates on a Letter of Acceptance (LoA) from Indian Railways. According to the information shared, the company has received a Letter of Acceptance (LOA) from the Sambalpur Division of the East Coast Railway Zone of the Indian Railways. This order involves the installation of CIB (Coach Indication Boards) and TIB (Train Indication Boards) systems at railway stations. The total project cost is approximately Rs 2.12 crore. Work will be carried out on various platforms at stations such as BGBR, NPD, JNRD,…

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01

Apr

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Business

Blinkit at Mumbai Airport: India’s first in-terminal quick commerce service launched at Terminal 2

Mumbai: There is some good news for travellers as Adani Airport Holdings Limited (AAHL) has partnered with quick commerce platform Blinkit to launch India's first in-terminal quick commerce service at Chhatrapati Shivaji Maharaj International Airport, Mumbai. The service is now live at Terminal 2, domestic departures, bringing app-based delivery directly into the airport experience. With the launch of this service, passengers can receive orders across boarding gates, lounges, the food court, and select partner outlets at the airport after ordering essentials through the Blinkit app and have them delivered to their location within the terminal. What all can be ordered…

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01

Apr

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Business

Iron ore stock ends trading session in green on back of record production, check share price

Mumbai: Shares of iron and steel products manufacturer Godawari Power and Ispat Ltd ended the trading session in the green as the company has released its FY26 business update in its latest exchange filing. The company said that it has achieved the highest ever level in the production of iron ore mining and value-added steel products in the financial year 2025-26. Iron ore mining stood at 27.49 lakh tonnes in FY26 as compared to 23.42 in the previous financial year. Iron ore pellets increased from 24.49 to 28.56 lakh tonnes, sponge iron (DRI) increased from 5.94 to 6.50 lakh tonnes…

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01

Apr

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Business

Real estate stock under Rs 50 open gap up on rating upgrade, check share price today

Mumbai: Shares of Infra-to-energy player Hazoor Multi Projects Ltd (HMPL) opened gap up on Wednesday, April 1, 2026, after the company shared an update with exchanges about a rating upgrade. In a filing after market hours on Tuesday, the company stated that Acuite Ratings & Research Limited (Acuite) had issued ratings for the company's bank facilities. The company has been assigned an ACUITE BBB - Stable rating on its Rs 100 crore long-term facility. This rating indicates that the company's financial position is currently stable, and it is considered capable of meeting its debt obligations. HMPL share price  Following this…

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