Business

25

Aug

By The Press Editor

Business

PM Modi hails 10 years of UPI, here are some facts that prove India leads global digital payment revolution

As the Unified Payments Interface (UPI) completes 10 years today, Prime Minister Narendra Modi on Tuesday termed it a major turning point in India's digital payments journey. PM Modi said every Indian must be proud of UPI's reach. "A decade ago, UPI was rolled out, marking a major turning point in India’s digital payments journey...The sheer scale and reach of UPI are something every Indian must be proud of," he said in a post. The interface was launched on August 25, 2016, by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India…

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25

Aug

By The Press Editor

Business

25 August, 2026 Stock Market Updates: Sensex drops 73.62 points, Nifty below 24,200 amid mixed global cues

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the red amid mixed global cues as Asian markets declined after a tech-led sell-off on Wall Street, while Brent crude remains around USD 92 and fresh US sanctions on Iran and ongoing geopolitical uncertainty remain key factors in market sentiment. While the 30-share BSE Sensex dropped 73.62 points or 0.09 per cent to start the session at 77,295.49, the Nifty opened with a fall of 43.3 points to 24,175.75. In the last trading session, the Sensex closed at 77,369.11 and the Nifty 50 at 24,219.05. Similarly, the broader indices…

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25

Aug

By The Press Editor

Business

Sunshine Pictures IPO Listing Today: GMP suggests positive debut on NSE, BSE – Check full details here

Mumbai: Shares of Sunshine Pictures Ltd, promoted by film and television producer-director Vipul Shah, will debut on the bourses today, i.e., on August 25, 2026. Shares are expected to make a positive debut as Sunshine Pictures' initial public offering (IPO)  received 105.81 times subscription on the last day of bidding on Thursday. The grey market premium (GMP) is also hinting at a positive debut. According to data available on the National Stock Exchange (NSE), the Rs 282-crore IPO received bids for 58,04,90,382 shares against 54,86,051 shares on offer. The non-institutional investor category was subscribed 197.04 times. The portion for qualified…

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24

Aug

By The Press Editor

Business

Stock below Rs 400 gains in volatile market as company incorporates ‘ShauryAstra’ for advanced defence systems

Shares of Hyderabad-based defence electronics company Apollo Micro Systems Limited are trading in the green even in a weak market, after the company announced the incorporation of a new associate entity, ShauryAstra Defence Systems Private Limited. According to information available on the BSE website, Shauryastra Defence Systems Private Limited has been incorporated in India on August 21, 2026, under the Companies Act, 2013. The new company has been set up as a dedicated technology and development entity. Purchases 3,400 equity shares Apollo Micro Systems has purchased 3,400 equity shares of Rs 10 each of this new entity. This investment amounts…

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24

Aug

By The Press Editor

Business

Onion prices surge 59%: Centre ramps up ‘Kanda Express’ supplies to major market to cool rates

New Delhi: As retail onion prices surge 59 per cent year-on-year, the Centre has begun transporting bulk onion stocks through dedicated railway rakes – the 'Kanda Express' – from Nashik in Maharashtra to major consumption centres, Consumer Affairs Secretary Nidhi Khare said on Monday. The move is aimed at boosting supplies and containing the seasonal rise in onion prices. Khare said that the stocks currently being loaded onto these rakes are expected to reach the identified centres by Wednesday. Prices up sharply  According to Consumer  Ministry data, the all-India average retail price of onion rose 59 per cent year-on-year to…

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24

Aug

By The Press Editor

Business

Vantara and Indonesia launch major wildlife health and conservation partnership

Jakarta: Raja Juli Antoni, Minister of Forestry of the Republic of Indonesia, on Monday announced a major expansion of Indonesia’s wildlife health and in situ conservation efforts at a press conference in Jakarta. The programme is being supported by Vantara, one of the world’s largest wildlife conservation initiatives, founded by Anant Ambani, Executive Director of Reliance Industries Limited, in collaboration with PT Fauna Land Group, a renowned wildlife organisation in Indonesia. Antoni said, “Wildlife conservation is ultimately our responsibility, and we must ensure that Indonesia has the facilities, expertise and resources to care for our wildlife wherever they need us. Through…

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24

Aug

By The Press Editor

Business

Sugar prices to cool soon? ISMA says no shortage in India as imports rise and mills prepare to boost output

New Delhi: India's sugar industry has sought to allay concerns over the recent rise in retail sugar prices, saying there is no shortage of the commodity in the country and prices are likely to ease in the coming days. The Indian Sugar Mills Association (ISMA), the apex industry body, attributed the recent price increase to multiple factors, including speculative purchases by traders and bulk consumers, along with lower sugar production due to adverse weather conditions. Addressing a press conference on Monday, ISMA President Niraj Shirgaokar said the industry was not responsible for creating an artificial shortage or pushing up ex-mill…

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24

Aug

By The Press Editor

Business

Retail space leasing in Delhi-NCR up 78% in H1 2026, Gurugram remains the most active market

According to Cushman & Wakefield (C&W), retail space leasing across malls and high streets in Delhi-NCR rose 78 per cent year-on-year to 1.3 million sq. ft during January-June 2026 or H1 2026. Fashion brands accounted for 28 per cent of leasing during the period, followed by F&B at 16 per cent and department stores at 12 per cent. Mall leasing was up 100 per cent year-on-year and high-street leasing was up 4 per cent, suggesting retailers are balancing destination formats with broader neighbourhood presence. Gurugram remains the most active market Delhi continues to attract flagship formats and premium high-street occupiers,…

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24

Aug

By The Press Editor

Business

Delhi-NCR connectivity to get a boost with 4 new link corridors proposed under Master Plan 2047

Travelling between Delhi and the NCR could become much easier in the future, as the Delhi Master Plan 2047 proposes better connectivity between the national capital and key areas like Gurugram, Ghaziabad, Greater Noida, Jewar Airport, and Jhajjar. As part of this, the plan proposes developing four strategic link corridors. These corridors will not only improve connectivity but also help reduce traffic congestion on Delhi's major roads. Four new link corridors  The four link corridors proposed in the Master Plan will be designed for high-speed connectivity. The relevant road agencies will build these corridors. The plan's feasibility will be assessed,…

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24

Aug

By The Press Editor

Business

IT stock below Rs 50 trades in green as company commences execution of master services agreement

Mumbai: Shares of Blue Cloud Softech Solutions Ltd are trading in the green even as benchmark indices remain volatile despite supportive global cues, with US equities ending higher on Friday and early Asian markets mixed. Oil prices have eased ahead of expected US sanctions on Iran, although Brent remains elevated near USD 93, keeping geopolitical risks relevant. Amid this, the counter started the trading session in the green at Rs 22.99 against the previous close of Rs 22.11 on the BSE. It gained further to touch the intraday high of Rs 23.54, representing a gain of Rs 1.43 or 6.46…

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