Business

08

Jul

By The Press Editor

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Business

PC Jeweller clears all outstanding debt of two consortium banks, eyes debt-free status this quarter | Markets

Mumbai: Shares of Delhi-based PC Jeweller will be in focus during today's trading session, i.e. on Wednesday, July 8, 2026, as the company has stated that it has cleared all its outstanding debt to two of the 14 consortium banks. "...in line with its objective of achieving a debt-free status in the current quarter itself, the Company has successfully cleared and repaid all its outstanding debt under the terms of Settlement Agreement dated 30 September 2024 with respect to 2 out of the 14 consortium banks," the firm said in an exchange filing after marketing hours on Tuesday. The settlement…

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07

Jul

By The Press Editor

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Business

Defence stock in focus as board approves fundraise via preferential allotment, convertible warrants | Markets

Mumbai: Shares of Apollo Micro Systems, a technology-driven firm in the aerospace, defence, and homeland security sectors, are in focus as the company has approved a Rs 3,322 crore fund-raising plan through a preferential allotment of equity shares and convertible warrants. The development prompted investors to book profits in the stock, which had recently rallied. The stock started the trading session in the green and opened at Rs 427.05, up from the previous close of Rs 424.05 on the BSE. It jumped to touch the intraday high of Rs 430, up Rs 1.40. However, the stock witnessed selling pressure and…

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07

Jul

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Business

Gold, silver fall over 1% as investors await Federal Reserve’s June meeting minutes | Check city-wise rates | Markets

Mumbai: Rates of precious metals in futures continue to fall on Tuesday, July 07, 2026, as investors await the Federal Reserve's June meeting minutes for insights on interest rates. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 351, or 0.23 per cent, to Rs 1,46,566 per 10 grams, against the previous close of Rs 1,46,917. It fell further to an intraday low of Rs 1,45,351, down Rs 1,566 or 1.06 per cent. In between, it touched an intraday high of Rs 1,46,566. Last seen, it was trading at Rs 1,45,549, down…

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07

Jul

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Business

Sensex falls over 100 points, Nifty settles below 24,400, Trent tumbles 12% post Q1 business update | Markets

Mumbai: Benchmark indices Sensex and Nifty witnessed a volatile trading session on July 7, 2026, and surrendered most of their intraday gains, slipping into negative territory in the latter half of the session amid profit-booking as investors turned cautious on weakness across Asian markets. The 30-share BSE Sensex fell 104.35 points or 0.13 per cent to settle at 78,180.72. During the day, the benchmark hit a high of 78,664.92 and a low of 78,031.04, gyrating 633.88 points. The 50-share NSE Nifty was down 31.65 points, or 0.13 per cent, and ended the session at 24,398.70. Similarly, the broader market ended…

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07

Jul

By The Press Editor

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Business

How long does Rs 10k monthly SIP take to make you crorepati and what it teaches about compounding: Details | Personal-finance

New Delhi: Systematic Investment Plan (SIP) is one of the most effective ways to save. If one's target is to accumulate Rs 1 crore or more, it is considered one of the best mechanisms for wealth accumulation because it harnesses human behaviour and automatically handles market volatility. But if you ask someone how long a Rs 10,000 monthly SIP would take to Rs 1 crore, Rs 2 crore and Rs 3 crore, the person will assume each additional crore takes roughly the same number of years as the last. But it doesn't. The first crore is, by far, the slowest…

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07

Jul

By The Press Editor

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Business

Noida’s Sports City revival shaping next phase of residential growth, here’s what experts say | Business

Noida: The evolution of residential markets is usually driven by a combination of infrastructure, planning, and policy, with each reinforcing the others over time. Noida's Sports City revival reflects this progression. Beyond resolving a long-pending regulatory issue, it is restoring momentum to one of the city's largest planned residential ecosystems and strengthening confidence in a market that has steadily evolved over the past decade. The timing is significant. According to JLL's Residential Dynamics Q1 2026 report, residential launches across Delhi-NCR rose 64 per cent year-on-year in the first quarter of 2026, highlighting sustained housing demand despite a more selective buying…

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07

Jul

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Business

Cochin Shipyard shares fall over 4% as govt launches OFS to sell stake at 7% discount, check details | Markets

Mumbai: Shares of Cochin Shipyard Limited (CSL), a public-sector shipbuilder, fell over 4 per cent today as investors turned to book profit after the government's up to 5.04 per cent stake sale offer in Cochin Shipyard at a floor price of Rs 1,400 per share opened for institutional investors. The government is selling up to a 5 per cent stake in the PSU at a floor price of Rs 1,400 per share through an offer for sale. The offer for sale (OFS) opened for non-retail investors on July 7, 2026, and was soon oversubscribed. Retail investors can bid on July…

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07

Jul

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Business

Newly-listed Waterways Leisure hit fresh 52-week high as board to consider proposal for sub-division: Details | Markets

Mumbai: Shares of Cordelia Cruises operator Waterways Leisure Tourism hit a fresh 52-week high on Tuesday, July 7, 2026. The stock is in action amid a rally in benchmark indices Sensex and Nifty. They climbed in early deals, helped by foreign fund inflows and crude oil prices returning to pre-war levels amid easing tensions in West Asia. While the Sensex gained 176 points to 78,461.16 in opening trade, the Nifty was up by 34.1 points to 24,464.45. Another reason for the surge in the stock is that the firm stated its board will meet to consider a stock split proposal. …

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07

Jul

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Business

VETO strengthens regional footprint with addition of 28 new live channels, crossing 55+ live channels on platform | Business

New Delhi: VETO, India’s subscription-free OTT platform designed to offer a trusted and unified large-screen viewing experience for families, has onboarded 28 new live channels, taking its live channel count 55+. The expansion spans twelve languages and multiple genres, including news, movies, music, entertainment, kids, infotainment, and devotional content, further cementing VETO’s position as a one-stop destination for diverse, regional-first content on the large screen. With this addition, VETO now offers live programming across Hindi, Punjabi, Gujarati, Marathi, Tamil, Telugu, Kannada, Malayalam, Odia, Bangla, Bhojpuri, and Haryanvi, alongside its existing national and Hindi offerings. Strengthening its proposition as India’s family-first…

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07

Jul

By The Press Editor

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Business

Sensex, Nifty extend winning streak for 5th consecutive day despite mixed global cues, Titan up 2% | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, extended the winning streak for the fifth straight session and opened in the green on July 7, 2026, despite mixed global cues. While the 30-share BSE Sensex gained 176.09 points or 0.22 per cent to start the session at 78,461.16, the Nifty gained 34.1 points to open at 24,464.45. In the last trading session, the Sensex closed at 78,285.07 and the Nifty 50 at 24,430.35. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index was up by 38.25 points, the BSE Smallcap…

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