Business

28

Sep

By The Press Editor

Business

Logistics stock in focus as firm acquires controlling stakes in companies for Rs 922 crore, details

Shares of Sindhu Trades, which is primarily engaged in transportation logistics and support services, are on investors' radar today after the company announced it has acquired controlling stakes in Advent Coal Resources Pte Ltd and Sainik Mining and Allied Services Ltd (SMASL) for a total of Rs 922.50 crore. Amid this, the stock opened in the green today at Rs 24.02 on the BSE, up from the previous close of Rs 23.82, a gain of Rs 0.2 or 0.83 per cent. However, the stock witnessed selling pressure as benchmark indices Sensex and Nifty tumbled amid surging crude oil prices, geopolitical…

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28

Sep

By The Press Editor

Business

28 September, 2026 Stock Market Updates: Sensex drops 161 points, Nifty below 23,100 as brent crude surges

Indian equity benchmark indices, the Sensex and Nifty, opened in the red as renewed uncertainty over US-Iran discussions has pushed Brent crude back above USD 106. While the 30-share BSE Sensex shed 160.91 points or 0.22 per cent to start the session at 73,734.83, the Nifty fell 75.60 points to open at 23,064.90. In the last trading session, the Sensex closed at 73,895.74 and the Nifty 50 at 23,063.10. Similarly, the broader indices traded lower in the early trading session. While the BSE Midcap Select Index shed 15.34  points, the BSE Smallcap Select Index fell 10.65 points or 0.12 per…

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27

Sep

By The Press Editor

Business

Three-day bank strike postponed after meeting between bank association and unions

New Delhi: The three-day bank strike has been deferred following a meeting held tonight between the Indian Banks' Association (IBA) and the United Forum of Bank Unions (UFBU).  During the meeting it was decided that a high-level committee of IBA and UFBU will be formed immediately to deliberate on the issue of declaring the remaining Saturdays as holidays. This committee will explore, all possible alternatives; discuss with all stakeholders, and work out a solution acceptable to all stakeholders and, more importantly, the customers.   Key pointers from the meeting  As regards the PLI Scheme for Scale IV and above officers, the…

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27

Sep

By The Press Editor

Business

Will UPI, net banking remain functional during 3-day nationwide bank strike from Monday?

New Delhi: The bank services are likely to get affected during three-day  nationwide bank strike from Monday, September 28. Services such as cash deposits, withdrawals, cheque clearances, and administrative work are expected to be hit at branches of public sector banks (PSBs), including State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda. However, the operations at major private sector lenders like HDFC Bank, ICICI Bank, and Axis Bank are expected to remain largely unaffected as their employees are not part of the unions that will be going on strike.    Can I avail UPI, net banking?  The…

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27

Sep

By The Press Editor

Business

Banks open today, September 27? Check which banks will function on Sunday

New Delhi: If you have banking work planned for today, Sunday, September 27, 2026, there is an important update. Public sector banks (PSBs) and regional rural banks (RRBs) are set to remain operational today ahead of a proposed three-day nationwide bank strike from September 28 to September 30. However, the arrangement does not necessarily apply to private sector banks. The Finance Ministry's direction is for public sector banks and regional rural banks, so customers of private banks should check with their respective bank before visiting a branch. Why are banks opening on Sunday? The decision to open PSBs and RRBs…

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26

Sep

By The Press Editor

Business

Bengaluru beats Delhi in global housing rankings after 4.5% price rise; this Indian city ranks highest

Mumbai has secured the eighth spot among 46 major housing markets worldwide after prices of prime residential properties in the city rose 6.2% year-on-year in the June quarter. The figures were released by real estate consultancy Knight Frank India as part of its data on leading housing markets across the world. Globally, prime housing prices recorded a relatively modest average annual growth of 2.6% across the 46 cities during the June quarter of the current financial year. Prices rose year-on-year in 32 of these markets, with Mumbai making it into the global top 10. Bengaluru ranks ahead of Delhi Bengaluru…

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25

Sep

By The Press Editor

Business

NSE shares fall 1.5% to trade near IPO price a day after debut, here’s what Macquarie says

Shares of National Stock Exchange of India fell over 1.5 per cent today to trade near the IPO price a day after market debut. The stock started the trading session in the green at Rs 1,825 against the previous close of Rs 1,818 on the BSE. It gained slightly to touch a high of Rs 1,830, up Rs 12 from the previous close. However, the stock witnessed profit booking and fell to touch the intraday low of Rs 1,790.10, representing a drop of Rs 27.9 or 1.53 per cent. Last seen, the stock was trading at Rs 1,807.15, with a…

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25

Sep

By The Press Editor

Business

IT stock below Rs 50 jumps 17% after company wins Rs 147 crore AI infrastructure order from IBM Cloud

Shares of Hyderabad-headquartered IT company Blue Cloud Softech Solutions are in focus after the company informed exchanges that its subsidiary won a significant order from IBM Cloud Inc. The stock opened in the green despite weakness in the benchmark index amid mixed global cues. The stock opened in the green at Rs 20.88 on the BSE, up from the previous close of Rs 20.05. Amid a surge in trading volume of more than 11.28 times, the stock hit an intraday high of Rs 23.50, a gain of 17.20 per cent. Last seen, the stock held firmly in the green at…

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25

Sep

By The Press Editor

Business

Rs 24,120 crore poured into Gurugram’s premium homes in 2025, wider market shows similar movement

Housing demand in Gurugram is changing. Buyers at the upper end of the market are increasingly seeking larger homes, more privacy, and a residential environment that offers more than the apartment itself. That is becoming visible in both the size of new projects and the value of transactions being recorded across the city. Record demand for ultra-luxury spaces Gurugram recorded Rs 24,120 crore in sales of homes priced at Rs 10 crore and above in 2025, according to the Gurugram High-End Luxury Housing Report CY2025 by CRE Matrix and India Sotheby’s International Realty. As many as 1,494 homes in this segment…

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25

Sep

By The Press Editor

Business

SBI waives ATM transaction charges during proposed 3-day nationwide strike from September 28: Details

As the United Forum of Bank Unions (UFBU) has decided to proceed with a three-day nationwide strike beginning September 28, the State Bank of India (SBI) has announced a waiver of ATM (Automated Teller Machine) transaction charges. This means that during these three days, customers can withdraw money from any bank ATM in the country without worrying about the associated ATM transaction charges.   Sharing details on social media platform X, the public sector bank said it will waive ATM charges for transactions made between September 28 and September 30. This facility applies to transactions made at any bank ATM in…

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