Business

29

Sep

By The Press Editor

Business

Moneyview IPO allotment today: Step-by-step guide to check status on NSE, BSE, and MUFG Intime

The initial public offering (IPO) of digital lending platform Moneyview Ltd received a strong response from investors, with a 98.46 times subscription on the final day of bidding on Monday. According to the data available on the NSE, the company's Rs 1,092-crore IPO received bids for 22,89,51,64,593 shares against 23,25,24,175 shares on offer. Qualified Institutional Buyers (QIBs) led demand, with a strong subscription of 227.45 times in the category. The non-institutional investors segment was subscribed 115.41 times, while the retail portion was booked 19.57 times. The basis of allotment of shares is expected to be finalised today. Here's a step-by-step…

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29

Sep

By The Press Editor

Business

Markets extended losing streak as Sensex falls 243 points, Nifty ends below 22,750, Titan drops 2.72%

Benchmark indices Sensex and Nifty ended the session in the red amid volatile crude prices and persistent Foreign Institutional Investor (FII) outflows. The 30-share BSE Sensex closed 242.65 points, or 0.33 per cent, lower at 72,529.07. During the day, the benchmark hit a high of 72,684.90 and a low of 72,064.00, gyrating 620.9 points. Similarly, the 50-share NSE Nifty fell 64.05 points or 0.28 per cent to close at 22,716.20. However, the broader market ended the session mixed. While the BSE MidCap Select Index dropped 175.42 points or 0.99 per cent, the BSE SmallCap Select Index added 22.39 points or 0.25…

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29

Sep

By The Press Editor

Business

Anant Ambani appointed Professor of Practice in Sustainability at Newcastle University

Newcastle University has appointed Anant Ambani as a Professor of Practice in Sustainability. This appointment recognises his work in industrial decarbonisation, green energy development, and wildlife conservation. 'Professor of Practice' is an academic title designed for experienced professionals and operational leaders. Unlike traditional academic positions, this role does not require a doctorate, peer-reviewed publications, or a traditional research tenure track. Its objective is to bring practical experience - in areas such as capital allocation, the regulatory environment, ESG implementation, and large-scale operational management - into the academic setting. Corporate leaders and other experienced professionals have been integrated into the academic…

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29

Sep

By The Press Editor

Business

Is there a better way to divide your income than the 30-40-30 rule for your salary? Find out

The 30-40-30 rule offers a simple way to divide monthly income between essential expenses, lifestyle spending and savings. However, financial priorities can vary significantly depending on income, age, family responsibilities and financial goals. Experts suggest that instead of treating the rule as a fixed formula, individuals may benefit from adapting their salary allocation to their own circumstances. For many salaried individuals, deciding how much to spend, save and invest can be challenging. While percentage-based budgeting frameworks can provide a starting point, they may not always reflect the realities of different financial situations. According to Mayank Prakash, Co-Founder & Director, aarthiq,…

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29

Sep

By The Press Editor

Business

New 630-km expressway to connect UP with Northeast, to be constructed at cost of Rs 61,500 crore

To strengthen road connectivity in Northeast India, the central government has announced a major highway project. Union Road Transport and Highways Minister Nitin Gadkari announced plans for a 630-kilometre corridor connecting Siliguri, Guwahati, and Shillong. The total project will cost approximately Rs 61,500 crore. Once completed, the project will reduce travel time and improve connectivity in the strategically important Northeast region. Speaking at an event in Assam, Gadkari said the first section of the proposed corridor will run between Siliguri and Guwahati. This approximately 400-kilometre section will cost approximately Rs 30,000 crore. This will involve new road construction and upgrades…

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29

Sep

By The Press Editor

Business

Gold almost flat after Monday’s sharp break, silver opens gap-down on MCX; what are the key levels to watch?

Precious metal futures remained under pressure on Tuesday, September 29, 2026, a day after a sharp break amid interest-rate-hike speculation ahead of US economic data this week. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 28 at Rs 1,46,776 per 10 grams against the previous close of Rs 1,46,804. However, it later picked momentum and touched the intraday high of Rs 1,46,963, a gain of Rs 159 or 0.10 per cent. Last seen, it traded at Rs 1,46,599, down Rs 205 or 0.14 per cent. In between, it touched the low…

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29

Sep

By The Press Editor

Business

Orient Cables IPO GMP today, day 2 subscription status, listing date and other key details

Today is the last day to subscribe to the initial public offering (IPO) of Orient Cables (India) Ltd. The initial share sale of the Gurugram-headquartered company received a decent response from investors at the end of the second day of the subscription window and was subscribed 8.32 times. According to data available with the National Stock Exchange (NSE), the IPO received bids for 12,45,46,565 shares against 1,49,76,743 shares on offer. The portion for non-institutional investors garnered 17.37 times subscription, while the retail investor category was subscribed 9.16 times. The quota for Qualified Institutional Buyers (QIBs) received 6 per cent subscription.…

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29

Sep

By The Press Editor

Business

29 September, 2026 Stock Market Updates: Sensex, Nifty open in red a day after sharp correction

Indian equity benchmark indices, the Sensex and Nifty, opened in the red a day after a sharp correction as elevated crude oil prices continue to dampen risk sentiment and limit prospects of a meaningful rebound. While the 30-share BSE Sensex shed 138.04 points or 0.19 per cent to start the session at 72,633.68, the Nifty fell 47.80 points to open at 22,732.45. In the last trading session, the Sensex closed at 72,771.72 and the Nifty 50 at 22,780.25. However, the broader indices traded mixed in the opening session. While the BSE Midcap Select Index added 11.37 points, the BSE Smallcap…

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29

Sep

By The Press Editor

Business

PSU stock to trade ex-date for 23.50% final dividend, check amount, ex-date and other details

Shares of state-owned Steel Authority of India Ltd (SAIL) are set to trade ex-date for final dividend soon. The company announced this corporate action in May and set the record date to determine shareholder eligibility. A record date is important as those whose names are recorded as beneficial owners of shares in the register of members of the company or in the records of depositories by this date will be eligible for the dividend. SAIL, under the Ministry of Steel, is among India's leading steel manufacturers, with an annual production of over 20 MT. SAIL dividend amount  The public sector…

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28

Sep

By The Press Editor

Business

Tata Trusts proposes rejig to keep Tata Sons unlisted, avoid RBI listing mandate

Mumbai: Tata Trusts has proposed merging two operating companies with the group's holding company in a restructuring aim that allow Tata Sons to function as a  non-banking financial company and a core investment company and remove the need for a stock market listing. The proposal involves merging Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE) with Tata Sons. The Trusts have asked the Tata Sons board to consider the plan and seek a prior no-objection certificate from the Reserve Bank of India.  The proposed structure would help Tata Sons to work as an operating company alongside its…

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