Business

19

May

By The Press Editor

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Business

Market Opening Bell: Sensex gains 126 points, Nifty above 23,650 as crude oil cools

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on Tuesday, May 19, 2026, on a positive note amid mixed global cues after crude oil prices cooled slightly following reports that US President Donald Trump postponed a potential military strike on Iran. While the 30-share BSE Sensex gained 126.23 points or 0.16 per cent to start the session at 75,441.27, the Nifty added 25.35 points to open at 23,675.30. In the last trading session, the Sensex closed at 75,315.04 and the Nifty 50 at 23,649.95. Similarly, the broader indices traded in the green in the opening session.…

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19

May

By The Press Editor

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Business

Gautam Adani secures global settlement, resolves all three US matters—DOJ, SEC and OFAC

New Delhi: The resolution of all three matters — DOJ, SEC and OFAC — have been brought a clean close to a phase that had kept legal risk and market attention tightly linked. With these cases now behind it, Gautam Adani moves ahead without regulatory overhang, with management focus back on operations across energy, transport and infrastructure. What stands out is the way it handled a complex situation It also changes the narrative. Over months of scrutiny, the group continued to invest, build and operate at scale. What stands out now is the way it handled a complex, multi-jurisdictional situation…

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19

May

By The Press Editor

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Business

Petrol, diesel prices hiked again for second time in a week, check how much increased in your city

New Delhi: Attention fuel consumers. Petrol, diesel prices were again on Tuesday hiked by about 90 paise a litre, second increase in a week. Petrol price was hiked to Rs 98.64 a litre from Rs 97.77 per litre in the national capital. Diesel now costs Rs 91.58 a litre against Rs 90.67 previously, according to industry sources. Check city-wise fuel price hike This is the second increase in rates in less than a week. Prices were hiked by Rs 3 a litre on Friday. In Delhi, petrol now retails at Rs 98.64 per litre, up by 87 paise, while diesel…

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18

May

By The Press Editor

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Business

US Justice Department drops all charges against Gautam Adani; case closed permanently

New Delhi: In a big win for business tycoon Gautam Adani, the Justice Department of the United States (US) has dropped all criminal charges against him and closed the case permanently, reported news agency PTI on Monday, citing court filings. “The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these criminal charges against individual defendants,” US prosecutors said in a filing. The development comes after the Adani Group agreed to pay USD 275 million following the decision of the US Treasury Department's Office of Foreign Assets Control (OFAC)…

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18

May

By The Press Editor

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Business

The NRI effect: Global exposure is now influencing luxury housing in NCR, say experts

New Delhi: Over the past two years, NCR’s premium housing market has moved towards lifestyle calibration. Developers across Gurugram, the Dwarka Expressway, and emerging premium corridors around Noida are redesigning projects around experiences buyers have already seen in Dubai, Singapore, or London, sometimes while living there for years. And the clients they are catering to are NRIs and globally exposed Indian buyers, who are returning to the NCR market with very different expectations from a decade ago.  According to ANAROCK Research, average luxury housing prices in Delhi-NCR rose nearly 72 per cent between 2022 and 2025, from around Rs 13,450 per…

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18

May

By The Press Editor

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Business

Bengaluru-Mumbai Vande Bharat Sleeper Train soon, Railway Minister shares major update

Bengaluru: Travelling between Bengaluru and Mumbai is expected to get a major connectivity boost as the railways are likely to introduce a Vande Bharat Sleeper service between the two cities. Sharing details on this, Union Minister Ashwini Vaishnaw said that the long-awaited Bengaluru-Mumbai Vande Bharat Sleeper train could begin running soon. The minister made this announcement while virtually flagging off a new express train between Bengaluru and Mumbai. He stated that many pending railway-related demands of South and North Karnataka are being met through rapid infrastructure development and improved financial support.  Bengaluru-Mumbai Vande Bharat Sleeper  The Vande Bharat Sleeper train…

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18

May

By The Press Editor

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Business

Defence stock rebounds after company announces Q4 results, recommends final dividend – Check amount

Mumbai: Shares of Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, rebounded to end today's trading session in green after the company announced its financial results for the fourth quarter of FY2025-26. The stock started today's trading session in green at Rs 295.85 against the previous close of Rs 294.25 on the BSE. However, it fell amid profit booking to touch the intraday low of Rs 283.40, representing a fall of 3.68 per cent. However, it rebounded to touch the intraday high of Rs 320, a gain of Rs 25.75 or 8.75 per…

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18

May

By The Press Editor

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Business

SBI Fixed Deposit Schemes: Deposit Rs 1,00,000 in SBI and get fixed interest of Rs 64,227 – Check details

New Delhi: Stock markets have been witnessing massive volatility amid rising geopolitical uncertainty and a surge in crude oil prices. The volatility has resulted in losses of lakhs of crores for investors. Overall, market sentiment is expected to remain fragile, and investors are wary of making fresh purchases. If you, too, plan to start investing in the coming days and do not want to take any risks, a bank fixed deposit can be the best and safest option. Many banks in the country are giving good returns on fixed deposits. Here we will discuss a special FD scheme from the…

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18

May

By The Press Editor

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Business

IT stock in focus after launch of AI-based platform, check share price and other details

Mumbai: Shares of Technology firm Kellton Tech Solutions are in focus on Monday as the company has announced the launch of Phoenix.AI, a platform designed to redefine how enterprises modernise legacy systems. The counter started the trading session in red amid selling pressure as benchmark indices Sensex and Nifty tumbled in early trade, mainly due to a surge in oil prices and weak global market trends after a fresh escalation in tensions in West Asia. The stock opened at Rs 15 against the previous close of Rs 15.08 on the BSE. It fell further to touch the low of Rs…

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18

May

By The Press Editor

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Business

Market Opening Bell: Sensex tumbles 430 points, Nifty below 23,500 amid fresh escalation fears in Middle East

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the new trading week on Monday, May 18, 2026, on a bearish note amid weak cues from broader Asian markets and rising geopolitical uncertainty after fresh escalation fears emerged in the Middle East. While the 30-share BSE Sensex tumbled 430.02 points or 0.57 per cent to start the session at 74,807.97, the Nifty fell 161.3 points to open at 23,482.20. In the last trading session, the Sensex closed at 75,237.99 and the Nifty 50 at 23,643.50. Similarly, the broader indices traded in the red in the opening session. While the…

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