Business

26

Aug

By The Press Editor

Business

Bank holidays: Are banks closed on August 26 for Eid-e-Milad? Check full list here

If you're planning to visit bank branches today, check whether they are open in your city. According to the Reserve Bank of India (RBI) holiday calendar, August 26 marks the celebration of Eid-e-Milad or Id-E-Milad/Baravafat. Further, it's Thiruvonam today, a significant day of the Onam festival celebrated in Kerala. This is why banks will remain closed in several states today. Not only public sector or PUS banks like SBI, Bank of Baroda, Canara Bank, and Punjab National Bank will remain closed, but many private sector banks like Axis Bank, HDFC Bank, ICICI Bank, Bandhan Bank, and several non-banking financial institutions will…

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25

Aug

By The Press Editor

Business

‘Kanda Express’ to reach Delhi today carrying 800 metric tonnes of onions as retail price rises 59%

Amid a 59 per cent year-on-year (YoY) rise in the average retail price of onions to Rs 43.53/kg on August 24 from Rs 27.37/kg a year ago, the Centre has started making efforts to control it. On Monday, the retail price of high-quality onions rose to Rs 50 per kg in some markets. Amid this, the government has started moving bulk onion stocks through dedicated railway rakes - 'Kanda Express' - from Nashik in Maharashtra to major consuming centres. According to Consumer Affairs Secretary Nidhi Khare, this is part of efforts to augment supplies and check the seasonal rise in…

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25

Aug

By The Press Editor

Business

Sensex, Nifty end volatile session in green, Nifty Pharma and IT index shine, Indigo gains over 2%

Benchmark indices Sensex and Nifty ended the volatile session in the green, aided by relief in energy costs. The 30-share BSE Sensex closed 286.98 points or 0.37 per cent higher at 77,656.09. During the day, the benchmark hit a high of 77,666.39 and a low of 77,125.91, gyrating 540.48 points. Similarly, the 50-share NSE Nifty ended the session higher with a gain of 115.50 points at 24,334.55. The broader market ended the session green. While the BSE MidCap Select Index gained 120.44 points or 0.64 per cent, the BSE SmallCap Select Index ended almost flat and fell 1.82 points or…

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25

Aug

By The Press Editor

Business

Good news for international travellers: E-boarding passes to be valid for immigration clearance from September 1

In good news for international travellers, the Bureau of Immigration (BoI) has announced that travellers can use e-boarding passes displayed on their smartphones during immigration clearance at Indian airports, as the procedure of physically stamping these documents has been eliminated. The step aims to reduce passenger inconvenience and simplify the immigration process at airports. E-boarding pass on smartphone Under the new system, passengers travelling abroad will be required to show their e-boarding pass on their smartphone for immigration clearance. This means passengers will need to store their digital boarding pass on their mobile phones.  However, this does not mean that…

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25

Aug

By The Press Editor

Business

Are banks open or closed on August 26 for Id-E-Milad? Check full details here

If you have important bank-related work tomorrow, leave the house only after checking whether banks in your city are open or closed. Between August 26 and August 30, bank branches will remain closed for several days due to festivals and weekly holidays in different states. In such a situation, it's best to plan in advance for cash deposits, cheque-related work, or other important banking tasks. However, even when bank branches are closed, customers can still access digital banking. Many important tasks can be done through ATM, mobile banking and net banking. August 26 is a holiday in many states Bank…

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25

Aug

By The Press Editor

Business

Onion prices on the rise: What’s behind the sudden surge and when will prices come down?

New Delhi: The month of Sawan is about to end, and just ahead of the festive season, onion prices have once again gone up in the country, affecting the kitchens of ordinary people. The rise in prices of not only onions but also vegetables and Chinese imports is straining the budget of ordinary people, forcing the central government to take drastic steps to transport its buffer stock to states with high onion consumption, including running the Kanda Express. The answer to the question of why onion prices have surged is that it is not due to a sudden increase in…

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25

Aug

By The Press Editor

Business

ABH Healthcare IPO receives 8.37 times subscription on second day of bidding process, check details

Multi-speciality healthcare provider ABH Healthcare's initial public offering (IPO) is open for subscription today. The three-day subscription window for the Rs 34.98 crore initial public offering opened on Monday and will conclude tomorrow, i.e. on August 25, 2026. According to information available, the Qualified Institutional Buyers (QIBs) portion was subscribed 8.37 times. The issue received bids for 16,66,800 shares against 1,99,200 shares on offer.   ABH Healthcare IPO listing date ABH Healthcare shares are expected to be listed on the bourse on September 1, 2026. The company's shares are proposed to be listed on the NSE SME platform Emerge, according to a…

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25

Aug

By The Press Editor

Business

Real estate stock in focus as company secures Rs 3,700 crore development project on Dwarka Expressway

Shares of diversified commercial services company Indiabulls Ltd are in focus as the company has entered into an agreement with a private landlord to execute a development management project on the Dwarka Expressway in Gurugram. Amid this update, the stock hit an upper circuit of Rs 28.23. The counter opened at Rs 27, up from the previous close of Rs 26.89 on the BSE. Amid a spurt in trading volume by more than 2.19 times, the stock hit a 5 per cent upper circuit. However, the stock soon erased the gain and fell to Rs 26.56. In between, it touched…

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25

Aug

By The Press Editor

Business

Smallcap IT stock in focus as company approves acquisition of US-Based AI firm via share swap

Shares of smallcap IT company Blue Cloud Softech Solutions Ltd are in focus as the company has informed exchanges that the board of directors of the firm have given in-principle approval to evaluate and negotiate the proposed acquisition of up to 100 per cent of the equity interest in CareTech AI Inc., a US-based AI-first healthcare technology and services firm. As part of this transaction, it will include CareTech AI’s two wholly owned subsidiaries -CareCareer Tech LLC and Envision NJ LLC. The acquisition will be done through a share swap, in which the company will make a preferential allotment of…

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25

Aug

By The Press Editor

Business

1:10 stock split: Recently listed Waterways Leisure Tourism shares trade ex-date today, check details

Shares of recently listed Cordelia Cruises operator Waterways Leisure Tourism Ltd are trading ex-date for its maiden 1:10 stock split. While the company has fixed August 25, 2026 as the ex-date, the record date to determine shareholders' eligibility for this corporate action is August 26, 2026. In order to be eligible for a corporate action, the investors must hold the shares of the company in their demat account on or before this date. This is as per the market regulator SEBI's T+1 settlement cycle.  Listing price of the company The stock got listed at Rs 690, a discount of 14.60…

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