Business

Keep abreast on today’s most important business news. Investigate trends, insights, and professional research to maintain your company’s lead in a cutthroat industry.

Gold drops by Rs 1,000 on MCX, silver down 1.6% as crude oil prices rise | Check city-wise rates
18
May
By The Press Editor
0 Comments
Business

Gold drops by Rs 1,000 on MCX, silver down 1.6% as crude oil prices rise | Check city-wise rates

Mumbai: Rates of precious metals in futures fell further on Monday, May 18, 2026, as rising geopolitical tensions kept crude oil prices higher, which have continued to weigh on inflation expectations and overall market sentiment. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 471 or 0.29 per cent at Rs 1,58,076 per 10 grams against the previous close of Rs 1,58,547. It continued the downward trend to touch an intraday low of Rs 1,57,547, a drop of Rs 1,000 or 0.63 per cent. Last seen, it was trading at Rs 1,58,681…
Read More
Vodafone Idea Share Price: Vi gains after weak start as company posts profit of Rs 51,970 crore in Q4
18
May
By The Press Editor
0 Comments
Business

Vodafone Idea Share Price: Vi gains after weak start as company posts profit of Rs 51,970 crore in Q4

Mumbai: Shares of beleaguered telecom operator Vodafone Idea gained after a weak start on Monday as the Sensex tanked 833.20 points to 74,404.79 in early trade, and the Nifty fell 234 points to 23,401.70. The stock opened in red at Rs 12.81, down from the previous close of Rs 12.96 on the BSE. It fell further to touch the low of Rs 12.47, representing a fall of Rs 0.49 or 3.7 per cent from the last closing price. However, the stock gained momentum and touched the intraday high of Rs 13.04. The counter remained volatile despite the company posting a…
Read More
Dividend stocks this week: From ITC Hotels to Power Grid, these shares to trade ex-date, check amount
18
May
By The Press Editor
0 Comments
Business

Dividend stocks this week: From ITC Hotels to Power Grid, these shares to trade ex-date, check amount

Mumbai: Indian benchmark indices are likely to start the trading session on a cautious to bearish note amid weak global cues due to rising geopolitical uncertainty, which has kept sentiment under pressure. As volatility remains elevated, there is an opportunity for investors to earn fixed income from their share market investments, as several stocks are set to trade ex-date for dividends, stock splits, and share buybacks. However, investors must keep in mind that they must hold these shares on or before the ex-date in order to be eligible for the corporate actions. Here, we are going to tell you about…
Read More
CNG gets costlier again in Delhi-NCR after fresh price hike in 48 hours: Check latest rates
17
May
By The Press Editor
0 Comments
Business

CNG gets costlier again in Delhi-NCR after fresh price hike in 48 hours: Check latest rates

New Delhi: The prices of Compressed Natural Gas (CNG) were hiked again on Sunday (May 17) by Re 1 per kg, marking the second increase in the last two days. The fresh hike comes amid continued pressure on fuel companies due to the ongoing blockade of the Strait of Hormuz in the backdrop of the escalating conflict in the Middle East. Here's the revised rates In Delhi, CNG will now cost Rs 80.09 per kg, while in Noida and Ghaziabad, the revised rate stands at Rs 88.70 per kg. Delhi:ย Rs 80.09 per kg Noida:ย Rs 88.70 per kg Ghaziabad: Rs…
Read More
Centre restricts silver bar imports, permit needed for 99.9 per cent purity category
16
May
By The Press Editor
0 Comments
Business

Centre restricts silver bar imports, permit needed for 99.9 per cent purity category

New Delhi: The Centre on Saturdayย has imposed immediate restrictions on the import of select categories of silver bars amid the ongoing conflict in West Asia, according to a notification issued by the Directorate General of Foreign Trade (DGFT). Under the revised import policy announced by the Commerce Ministry, silver bars with 99.9 per cent purity have been shifted from the โ€œFreeโ€ import category to the โ€œRestrictedโ€ category. Several other specified silver bar categories have also been brought under restricted imports. The move is aimed at tightening oversight and improving regulation of silver imports into the country. The DGFT notification stated…
Read More
Maharashtra government announces steep reduction in VAT on jet fuel, slashes it to 7%
15
May
By The Press Editor
0 Comments
Business

Maharashtra government announces steep reduction in VAT on jet fuel, slashes it to 7%

Mumbai: In a relief to airlines, the Maharashtra government has significantly reduced Value Added Tax (VAT) on Aviation Turbine Fuel (ATF). According to an official notification, the state government has slashed VAT from 18 per cent to 7 per cent. The slashed VAT will be applicable for a period of six months. The decision comes on a day when petrol and diesel prices were hiked by Rs 3 per litre each, marking the first increase in more than four years, as state-run fuel retailers passed on part of the hit from surging global crude prices triggered by the Iran war.…
Read More
UAE to accelerate work on oil pipeline project to bypass Strait of Hormuz: Details
15
May
By The Press Editor
0 Comments
Business

UAE to accelerate work on oil pipeline project to bypass Strait of Hormuz: Details

New Delhi: The United Arab Emirates (UAE) is accelerating construction work of a new oil pipeline that will make it more capable of exporting crude without relying on the Strait of Hormuz, one of the busiest and most strategically significant shipping routes in the world. According to reports, Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan has directed the Abu Dhabi National Oil Company (ADNOC) to fast-track construction of the West-East Pipeline during a recent executive committee meeting. The pipeline is under construction and expected to start operating next near.ย  During the meeting, Sheikh Khaled commended ADNOC for its…
Read More
Meerut to Prayagraj via Ganga Expressway: Toll-free ride over, here’s how much you will have to pay
15
May
By The Press Editor
0 Comments
Business

Meerut to Prayagraj via Ganga Expressway: Toll-free ride over, here’s how much you will have to pay

New Delhi: The period of toll-free travel on the Ganga Expressway, one of Uttar Pradesh's largest and most ambitious expressway projects, has now ended. Commuters travelling on the expressway will now have to pay a toll tax. The expressway, which reduces the distance between western and eastern Uttar Pradesh, is also poised to become a major source of revenue for the government. Let's take a detailed look at how much the journey from Meerut to Prayagraj will cost if you travel via the Ganga Expressway. Toll collection on the Ganga Expressway is divided into four main sections: Meerut to Badaun…
Read More
India, UAE sign MoU for strategic petroleum reserves, here’s why it holds significance amid US-Iran conflict
15
May
By The Press Editor
0 Comments
Business

India, UAE sign MoU for strategic petroleum reserves, here’s why it holds significance amid US-Iran conflict

New Delhi: Prime Minister Narendra Modi is in the United Arab Emirates (UAE) during his six-day tour. PM Modi, during his around four-hour stay in the Gulf nation, held wide-ranging talks with President Sheikh Mohamed bin Zayed Al Nahyan. The two countries have signed a memorandum of understanding (MoU) regarding Strategic Petroleum Reserves. An agreement was reached concerning the long-term supply of Liquefied Petroleum Gas (LPG), and an MoU was signed for the establishment of a Ship Repair Cluster at Vadinar in Gujarat. Pacts on LPG, strategic oil reserves to cushion US-Iran war impact Amid the ongoing tension in the…
Read More