Business

10

Jul

By The Press Editor

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Business

TCS shares to be in focus as Q1 profit rises 5%, announces interim dividend, check amount and record date | Markets

Mumbai: Shares of Tata Consultancy Services Ltd, the country's largest IT services company, will be in focus as the company reported a 4.61 per cent increase in its June-quarter net profit and announced an interim dividend for its investors. The company has also announced the record date to determine the eligibility of shareholders for this corporate action. The IT firm has also announced the payment date. The announcement was made after market hours on Thursday, i.e. on July 10, 2026. The company's stock ended the last trading session in the red, even as the Indian equity benchmark Nifty index closed…

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09

Jul

By The Press Editor

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Business

Jewellery stock surges 14% as stock markets rebound after sharp fall in previous session, check details | Markets

Mumbai: Shares of PC Jeweller continued to gain for the second consecutive day on Thursday, July 9, 2026, even as the stock markets remained volatile. Today's action comes as the benchmark indices, Sensex and Nifty, rebounded after a sharp fall in the previous session, amid foreign fund inflows and buying in blue-chip stocks. The 30-share BSE Sensex climbed 495.86 points to 76,998.54 in early trade. The 50-share NSE Nifty rose 148.70 points to 24,025. Amid this, the stock opened in the green at Rs 9.70, up from the previous close of Rs 9.64, on the BSE. The scrip gained further…

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09

Jul

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Business

NBFC stock extends rally for fourth straight session amid updates on AI-based digital platform | Markets

Mumbai: Benchmark indices Sensex and Nifty rebounded in early trade on Thursday after a sharp fall in the previous session amid foreign fund inflows and buying in blue-chip stocks. Amid this volatility, the shares of Golden Legend Leasing & Finance Ltd., a small-cap non-banking financial company (NBFC), are on investors' radar as it has been gaining for the last four days and has risen 11.43 per cent in the period. The stock opened in the green today at Rs 9.46, against the previous close of Rs 9.27 on the BSE. The scrip gained further to touch the rise of Rs…

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09

Jul

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Business

CM DK Shivakumar reviews Bengaluru’s second airport plans, Harohalli reportedly joins list of contenders | Business

Bengaluru: Bengaluru, struggling with traffic and growing urban pressure, will soon get its second airport. However, the government is yet to finalise the location for the proposed airport. Amid this, Harohalli has emerged as a fourth option. Karnataka Chief Minister DK Shivakumar reviewed a meeting on Wednesday with Infrastructure Development Minister MB Patil and senior officials during which he reportedly asked authorities to take a fresh look at land in the Harohalli belt. Reports suggest that Shivakumar cited lower prices and simpler acquisition prospects in Harohalli, which is located within his own Kanakapura Assembly constituency. No final call Harohalli as…

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09

Jul

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Business

Sensex climbs 238.22 points to settle at 76,741.82, Nifty below 24,000, realty stocks rally | Markets

Mumbai: Benchmark indices Sensex and Nifty ended the volatile session on July 9, 2026, on a positive note on bargain buying after the previous session's sharp Middle East-driven sell-off. The 30-share BSE Sensex gained 238.22 points or 0.31 per cent to settle at 76,741.82. During the day, the benchmark hit a high of 77,326.65 and a low of 76,576.14, gyrating 750.51 points. The 50-share NSE Nifty was up by 80.75 points or 0.34 per cent and ended the session at 23,962.80. Similarly, the broader market ended in the green. While the BSE MidCap Select Index added 248.01 points or 1.39 per…

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09

Jul

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Business

This smallcap stock gains after two days, hits upper circuit amid rally in benchmark indices | Markets

Mumbai: Shares of small cap company Indiabulls gained on Thursday, July 9, 2026, after two consecutive days of declines, as benchmark indices Sensex and Nifty rebounded from a sharp fall in the previous session amid foreign fund inflows and buying in blue-chip stocks. The counter opened in red at Rs 28.12 but later gained momentum and touched the intraday high of Rs 29.62 and was locked in 5 per cent upper circuit. The market cap of the company stood at Rs 6,900.11 crore. The stock is just 3.85 per cent away from the 52-week high of Rs 30.76, hit on…

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09

Jul

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Business

EMS stocks like Dixon Tech, Kaynes rise as govt waives basic customs duty on key components | Markets

Mumbai: Shares of Electronic Manufacturing Services (EMS) like Dixon Tech and Kaynes are in action as the government has waived basic customs duty on goods used in the manufacture of display assemblies, lithium-ion cells, and inductor coil modules. The step is being seen as a push to make India a global hub of electronics manufacturing and promote domestic production of electronic devices like smartphones, laptops, wearables and smart TVs. This exemption would be valid till March 31, 2029, the notifications said. Finance Ministry issues notification According to a notification issued by the Ministry of Finance, several specialised machinery and equipment used…

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09

Jul

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Business

FMCG stock jumps 9% amid rally in markets, slips from day’s high amid profit booking | Markets

Mumbai: Shares of diversified FMCG enterprise Elitecon International jumped nearly 9 per cent on Thursday, July 9, 2026, amid a rally in the benchmark indices. The stock opened the trading session in the green at Rs 24.51, representing a 2.6 per cent gain over the previous close of Rs 23.88 on the BSE. It continued the upward trend and touched the intraday high of Rs 26, a jump of Rs 2.12 or 8.87 per cent from the last closing price. However, the stock witnessed some profit-booking at these levels and fell to a low of Rs 23.60, which is 2.31…

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09

Jul

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Business

PM Modi welcomes investment of over Rs 3,310 crore by Australia’s largest pension fund AustralianSuper | Business

New Delhi: Prime Minister Narendra Modi, who is on the second leg of his three-nation tour, on Thursday welcomed AustralianSuper's additional AU$500 million or over Rs 3,310 crore investment in India's National Investment and Infrastructure Fund (NIIF), saying the move reflected global confidence in India's growth story. AustralianSuper is Australia's largest pension fund, managing more than $410 billion in members’ retirement savings on behalf of more than 3.6 million members from more than 485,000 businesses (as at 31 December 2025). "India welcomes the AU$500 million investment from AustralianSuper, announced by their Chief Executive, Mr. Paul Schroder this morning in Melbourne. This…

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09

Jul

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Business

Kusumgar IPO GMP at 38% after issue got fully subscribed on day 1, check price band and other details | Markets

Mumbai: The initial public offering of engineered fabric manufacturer Kusumgar Ltd has received a good response from investors on the first day of bidding on Thursday and got fully subscribed soon after it opened for subscription. The issue ended the day with 3.45 times subscription. Following this, the grey market premium (GMP) of the IPO stood at 38 per cent. According to data available on the National Stock Exchange (NSE), the Rs 650-crore IPO received bids for 3,95,95,045 shares against 1,14,68,094 shares on offer. The non-institutional investor category was booked 7.35 times, while the retail quota was subscribed to 3.52…

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