Business

01

Apr

By The Press Editor

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Business

NBFC stock trades in green on sharing key credit rating update, check full details here

Mumbai: Shares of smallcap non-banking financial company Paisalo Digital is in focus as the company has shared a key credit rating update. In its latest exchange filing, the company stated that Infomerics Analytics and Research Private Limited has reaffirmed and assigned new ratings for its borrowing instruments, reflecting its strong financial position. The IVR AA/Stable rating on the company’s long-term bank facilities of Rs 4,500 crore and non-convertible debentures (NCDs) worth Rs 559 crore has been reaffirmed. Additionally, the same IVR AA/Stable rating has been assigned to new NCDs amounting to Rs 1,500 crore. The IVR A1+ rating for commercial…

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01

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex surges 1,814 points, Nifty near 22,900 amid hopes of de-escalation of US-Iran war

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened gap up amid strong global cues on Wednesday, after comments from US President Donald Trump fueled optimism that the conflict with Iran may ease in the near term. While the 30-share BSE Sensex surged 1,814.88 points or 2.52 per cent to start the session at 73,762.43, the Nifty added 567.6 points to open at 22,899. In the last trading session, the Sensex closed at 71,947.55 and the Nifty 50 at 22,331.40. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 408.66 points,…

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01

Apr

By The Press Editor

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Business

Jet fuel prices more than doubled? Here’s what you need to know amid rise in ATF prices

New Delhi: Amid reports that price of Aviation Turbine Fuel (ATF), or jet fuel, has been more than doubled to a record Rs 2.07 lakh per kilolitre, driven by the surge in global oil prices linked to the widening West Asia conflict, the Ministry of Petroleum and Natural Gas has clarified that the only a partial and staggered increase has been passed to the airlines. Oil Marketing Companies (OMCs) have removed their earlier rate announcement for ATF. New rates now announced by them are as follows - Delhi: Rs 1,04,927 per kl, Kolkata: Rs 1,09,450 per kl, Mumbai: Rs 98,247 per kl,…

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01

Apr

By The Press Editor

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Business

April Bank Holiday: Are banks open or closed on April 1? Here’s what you need to know

New Delhi: The Reserve Bank of India (RBI) has released a list of bank holidays for April. According to the central bank's list, April 1, 2026 (Wednesday) is a bank holiday. This holiday is due to it being the first day of the 2026-27 financial year. However, employees will be present in the banks to close their yearly accounts and complete important financial tasks. Banks to remain open for the public in these cities Today, banks complete internal financial work such as closing accounts for the previous fiscal year, data verification, preparing balance sheets, and conducting annual audits. According to…

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01

Apr

By The Press Editor

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Business

LPG Price Hike: Restaurant, quick service restaurant (QSR) and hotel stocks in focus

Mumbai: Quick service restaurant (QSR), restaurant and food delivery stocks will be in focus on Wednesday, April 1, 2026, as the prices of commercial LPG cylinders have been hiked. The hike comes amid a surge in global oil prices driven by the ongoing conflict in West Asia. The price hike is effective immediately, and therefore, the 19 kg commercial LPG cylinders will become more expensive starting today. Commercial LPG cylinders are used by restaurants, hotels, catering services, and small industries, so cost pressures can affect companies in the hospitality sector. Among the stocks that may face pressure after the rise…

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01

Apr

By The Press Editor

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Business

Commercial LPG cylinder prices hiked by Rs 195.5 amid West Asia conflict | Check new rates in your city

New Delhi: Prices of commercial LPG cylinders were increased by Rs 195.50 on Wednesday (April 1), following a surge in global oil prices linked to the widening conflict in West Asia. This comes after a previous hike of Rs 114.5 per 19-kg cylinder on March 1. The ongoing crisis has disrupted energy supplies to India, leading to an initial curtailment of LPG supplies to commercial establishments such as hotels and restaurants, as authorities prioritised household consumption. Amid the war, commercial LPG consumers in major cities and urban areas have been advised to shift to PNG as part of a broader strategy…

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31

Mar

By The Press Editor

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Business

Texmaco Rail shares to be in focus as company bags Rs 421 crore order, check full details here

Mumbai: Shares of Texmaco Rail & Engineering Ltd (Texrail) will be in focus when markets open on Wednesday, April 1, 2026, as the company has announced that it has bagged a contract worth over Rs 421 crore from JSW Group companies for the supply of freight wagon rakes. The order also reflects the growing participation of private players in rail logistics, driven by Indian Railways' policy initiatives to improve freight movement efficiency and reduce logistics costs. The wagons are designed to support high-capacity container transport and are expected to improve logistics efficiency across industrial supply chains, particularly for the movement…

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31

Mar

By The Press Editor

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Business

Meet IndiGo’s new CEO William Walsh who comes with decades of global aviation experience

New Delhi: Weeks after Pieter Elbers resigned as CEO of IndiGO, the country's largest airline has announced the appointment of former British Airways chief William Walsh as new chief executive officer. The appointment is significant, as the airline has been under scrutiny following massive operational disruptions that triggered widespread public outrage and regulatory action. The low-cost air carrier had faced operational challenges, including large-scale flight disruptions, prompting a leadership transition. Walsh is expected to take charge by August 3, 2026, after completing his tenure at the International Air Transport Association (IATA), where he currently serves as Director General. Who is…

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31

Mar

By The Press Editor

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Business

PropShare Celestia’s Rs 244 crore IPO to open on April 10, check price band and other details

Mumbai: Property Share Investment Trust, the country's first registered Small and Medium Real Estate Investment Trust (SM REIT), has announced that the Rs 244.65 crore IPO of PropShare Celestia will open next month. According to the information available, the public issue will open for subscription on April 10. The issue, with a price band of Rs 10-10.50 lakh per unit,  will conclude on April 16, the statement reads. PropShare Celestia is the third SM REIT launched by Property Share Investment Trust. The public issue will comprise only a fresh issue of units, with no offer-for-sale component. The IPO proceeds will…

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31

Mar

By The Press Editor

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Business

Small Savings Schemes: Check latest interest rates of Sukanya Samriddhi Yojana, PPF and others

New Delhi: The government has announced the interest rates for small savings schemes (SSS) for the quarter from April 1 to June 30, 2026. This update is important for those who invest in the Public Provident Fund (PPF), the Sukanya Samriddhi Yojana (SSY), or the National Savings Certificate (NSC). According to a notification by the finance ministry, interest rates have been kept unchanged for various small savings schemes for the eighth straight quarter, beginning April 1, 2026. "The rates of interest on various Small Savings Schemes for the first quarter of FY 2026-27, starting from April 1, 2026, and ending…

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