Business

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13
Aug
By The Press Editor
Business

13 August, 2026 Stock Market Updates: Sensex opens in green, Nifty flat at 24,431.60

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a cautious note amid strong global cues. While the 30-share BSE Sensex added 145.56 points or 0.18 per cent to start the session at 78,111.91, the Nifty opened flat with a drop of 4.35 points to 24,431.60. In the last trading session, the Sensex closed at 77,966.35 and the Nifty 50 at 24,435.95. However, the broader indices traded in the green in the early trading session. While the BSE Midcap Select Index was up by 10.22 points, the BSE Smallcap Select Index added 34.72 points, or…
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12
Aug
By The Press Editor
Business

Mumbai to get 238 new AC local trains early as Railways fast-tracks production, first rake expected by 2027

Mumbai: Mumbai's wait for a larger fleet of air-conditioned suburban trains is set to be shortened by several years, with the Railways deciding to manufacture the 238 additional AC local rakes approved for the city will now be manufactured simultaneously at three railway production units. The parallel production strategy is aimed at accelerating the expansion and modernisation of Mumbai's suburban rail network. Under the revised plan, the first AC rake could be delivered as early as 2027, with the entire fleet of 238 rakes targeted for completion by 2030. The procurement process for the additional AC rakes had already been…
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12
Aug
By The Press Editor
Business

NBFC stock remains in focus post provisional Q1 results, year-to-date return is 28%

Mumbai: Shares of non-banking financial company (NBFC) NCL Research and Financial Services will remain in focus during today's trading session as the company has announced its provisional results for the first quarter ended June 30, 2026. The counter had hit a 5 per cent upper circuit on the BSE in the last trading session post this update, defying weak market sentiment. The counter hit 5 per cent upper circuit of Rs 0.64 in the first half of the session and remained locked at that level through the session. The market cap of the company stood at Rs 68.50 crore. The…
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12
Aug
By The Press Editor
Business

Education sector stock in focus after quarterly results, offered 101% return in one year: Details

Mumbai: Amid the continued decline in the stock market on Wednesday, the stock of Shanti Educational Initiatives Ltd. is on investors' radar as the company has announced financial results for the quarter ended June 30, 2026. The stock opened in the green at Rs 213, with a gain of Rs 5.15 or 2.47 per cent from the previous close of Rs 207.85 on the BSE. Despite the weakness in the benchmark indices, the stock gained to touch the intraday high of Rs 216.15, representing a gain of Rs 8.3 or 3.99 per cent from the last closing. Last seen, the stock…
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12
Aug
By The Press Editor
Business

117% growth, rising rental yields: What’s driving Gurugram’s real estate outperformance?

New Delhi: Gurugram has once again emerged as one of India's strongest-performing residential real estate markets, with recent industry data indicating 117 per cent capital appreciation over the past five years, alongside a steady rise in rental yields. The trend highlights a significant shift in the city's housing landscape, where residential real estate is no longer viewed solely as a capital appreciation asset but increasingly as a stable income-generating investment. Infrastructure and economic pillars driving growth The city's growth story is underpinned by a unique combination of infrastructure expansion, corporate-led employment, premium residential developments, and sustained end-user demand. Major infrastructure…
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12
Aug
By The Press Editor
Business

N Chandrasekaran steps down as Tata Sons chairman: How much did he earn in FY26?

New Delhi: Tata Sons Chairman N Chandrasekaran has announced that he will step down when his current term ends on February 20, 2027. Chandrasekaran, widely known as Chandra, has been with the company for the past 40 years. Chandra said he had informed the Tata Sons board that he would not offer himself for reappointment when his term ended and asked to settle on a successor soon to ensure a smooth transition. He said leading the group over the past decade had been "a great honour and a profound responsibility" and thanked its stakeholders for their support. How much did…
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12
Aug
By The Press Editor
Business

Smallcap stock hits upper circuit even as stock markets decline amid rising crude oil prices, here’s why

Mumbai: Shares of Hyderabad-based global food and tech enterprise Spice Lounge Food Works surged to hit the 10 per cent upper circuit even as markets decline amid a rise in crude oil prices. While the 30-share BSE Sensex tumbled 591.81 points to 77,562.44, the 50-share NSE Nifty dropped 185.55 points to 24,286.15. The counter opened the trading session gap-up at Rs 26.67, up 5.04 from the previous close of Rs 25.39 on the BSE. Amid a spurt in trading volume by more than 2.0 times, the stock touched an intraday high of Rs 27.92 and was locked in the 10…
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12
Aug
By The Press Editor
Business

Infra stock under Rs 50 on investors’ radar after securing contract from NHAI, check details

Mumbai: Shares of infra-to-energy player Hazoor Multi Projects Ltd (HMPL) are on investors' radar as the company has informed exchanges that it has secured a Letter of Award (LOA) from the National Highways Authority of India (NHAI). The stock opened in the green at Rs 21.70, a gain of Rs 0.33 or 1.54 per cent from the previous close of Rs 21.37 on the BSE. The stock gained further to touch the intraday high of Rs 21.79, representing a gain of Rs 0.42 or 1.96 per cent. Last seen, the scrip held firmly in the green even as benchmark indices…
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12
Aug
By The Press Editor
Business

N Chandrasekaran resigns as Tata Sons chairman, TCS shares fall nearly 5%

New Delhi: Tata Sons chairman N Chandrasekaran on Wednesday said he has decided to step down and will not seek reappointment for another term. Chandrasekaran is also the chairman of several Tata Group companies, including Tata Steel, Tata Motors, TCS, and Indian Hotels. In a statement, Chandrasekaran said that he has asked the board to decide on the succession soon to ensure a proper transition. His current term runs until February 2027.  The development holds significance as it comes ahead of the company's annual general meeting, scheduled for August 18. Completes 40 years at Tata Group  Chandrasekaran said he has completed 40…
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