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Govt clears Rs 5,000 crore emergency credit scheme for airlines amid jet fuel price surge
06
May
By The Press Editor
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Business

Govt clears Rs 5,000 crore emergency credit scheme for airlines amid jet fuel price surge

New Delhi: In view of the West Asia situation, the government has announced a clearing of Rs 5,000 crore emergency credit line schemeย to airlines amid the jet fuel price surge, theย Ministry of Civil Aviation said in a statement on Wednesday.ย Notably, the Iran war has led to a sharp hike in operating costs along with a decrease in passenger numbers. ย The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, providing targeted financial relief to airlines grappling with a sharp increase in Aviation Turbine Fuel (ATF) prices and global disruptions.ย  ECLGS…
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Sensex surges 940.73 points to settle at 77,958.52, Nifty above 24,300, Indigo among top gainers
06
May
By The Press Editor
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Sensex surges 940.73 points to settle at 77,958.52, Nifty above 24,300, Indigo among top gainers

Mumbai: Indian benchmark indices witnessed a strong rally on Wednesday. Riding on global cues, the market rebounded strongly, bringing investors a welcome boost. News of a possible peace agreement between the United States and Iran created a positive market sentiment, pushing the Sensex nearly 1,000 points higher and the Nifty crossing 24,300. At the end of trading, the Sensex gained 940,73 points to close at 77,958.53. The Nifty also jumped 298.15 points to reach near 24,330.95. The market witnessed widespread buying, with approximately 2,755 stocks advancing while 1,287 stocks declined. "The markets staged a strong rebound, with Nifty closing above…
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Big relief for homebuyers as UP RERA caps flat transfer fee at Rs 1,000 for legal heirs: Details
06
May
By The Press Editor
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Big relief for homebuyers as UP RERA caps flat transfer fee at Rs 1,000 for legal heirs: Details

Lucknow: In a major relief to homebuyers in Uttar Pradesh, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) (UP RERA) has fixed a maximum fee of Rs 1,000 for transfer of flats to legal heirs in case of death of the original allottee. UP RERA Chairman Sanjay Bhoosreddy said that developers or promoters will now be required to transfer the flat, by default, to the spouse, son, or daughter of the deceased allottee on payment of a nominal processing fee of Rs 1,000. According to Bhoosreddy, the authority had received several complaints regarding builders charging arbitrary fees. There were…
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Larsen & Toubro bags its largest-ever order in domestic metals sector, shares end in red
06
May
By The Press Editor
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Larsen & Toubro bags its largest-ever order in domestic metals sector, shares end in red

Mumbai: India's leading infrastructure company, Larsen & Toubro (L&T), has bagged a major contract from JSW Steel. The value of the contract is estimated to be between Rs 10,000 - Rs 15,000 crore. Larsen & Toubro stated in an exchange filing on Wednesday that it has won a 'mega' deal. "The Minerals & Metals (M&M) business vertical of L&T has secured its largest-ever order in the domestic metals sector โ€“ awarded by JSW Steel," the company said in an exchange filing.ย  Through this deal, JSW Steel is moving towards expanding its crude steel processing capacity from 35 million tonnes…
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Rs 270 interim dividend: Stock to trade ex-date soon, last change to be eligible for corporate action
06
May
By The Press Editor
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Rs 270 interim dividend: Stock to trade ex-date soon, last change to be eligible for corporate action

Mumbai: Shares of Oracle Financial Services Software are in focus as they will trade ex-date for the interim dividend soon. According to the information shared, the board of directors of the company has declared an interim dividend of Rs 270 per equity share of face value of Rs 5 each for the financial year 2025-26. Earlier, the company had announced an interim dividend of Rs 130 for the ex-date of November 3, 2025. It must be noted that investors must hold the stock on or before the ex-date to be eligible for a corporate action. Oracle Financial Services Software Dividend…
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Idea Share Price: Vodafone Ideas surges 5% after Kumar Mangalam Birla takes charge as non-executive chairman
06
May
By The Press Editor
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Idea Share Price: Vodafone Ideas surges 5% after Kumar Mangalam Birla takes charge as non-executive chairman

Mumbai: Shares of Vodafone Idea are in action on May 6, 2026, after Aditya Birla group Chairman Kumar Mangalam took charge as the new non-executive chairman of the debt-ridden firm. In morning trade, the company's stock rose 5.37 per cent to reach Rs 11.38 on both BSE and NSE. At the time of writing the report, the stock was trading at Rs 11.28, up 4.44 per centย on the BSE. The market cap of the company stood at Rs 1,22,210.94 crore. Similarly, the company's share price was trading at Rs 11.25, up 4.17 per cent on the BSE Sensex.ย ย  Mangalam to…
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Bagmane Prime Office REIT IPO is open for subscription, check GMP and other details
06
May
By The Press Editor
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Bagmane Prime Office REIT IPO is open for subscription, check GMP and other details

Mumbai: The initial public offering (IPO) of Blackstone-backed Bagmane Prime Office REIT has received a decent response from investors and has seen a 71 per cent subscription so far. According to the data available on the National Stock Exchange (NSE), the IPO received bids for 10,55,39,250 units against 14,79,21,000 units on offer. The category for other investors fetched 74 per cent subscription, while the portion for institutional investors got subscribed 69 per cent. Ahead of the public issue, the company secured about Rs 1,150 crore from anchor investors. The three-day subscription window for the Rs 3,405-crore public issue, which opened…
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Gold gains Rs 2.2k per 10 grams on MCX, silver jumps 3% on easing crude oil prices | Check city-wise rates
06
May
By The Press Editor
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Gold gains Rs 2.2k per 10 grams on MCX, silver jumps 3% on easing crude oil prices | Check city-wise rates

Mumbai: Rates of precious metals in futures inched higher on Wednesday, May 6, 2026, following a drop in crude oil prices after US President Donald Trump claimed progress in negotiations with Iran toward an agreement to end the war. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 2,247 or 1.5 per cent at Rs 1,52,000 per 10 grams against the previous close of Rs 1,49,753. It gained further to touch an intraday high of Rs 1,52,182, a jump of Rs 2,429 or 1.62 per cent. Last seen, it was trading at…
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Market Opening Bell: Sensex surges over 400 points, Nifty above 24,150 as oil prices ease
06
May
By The Press Editor
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Market Opening Bell: Sensex surges over 400 points, Nifty above 24,150 as oil prices ease

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened gap up on Wednesday, May 6, 2026, amid strong global cues as oil prices eased after President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation. While the 30-share BSE Sensex surged 406.57 points or 0.52 per cent to start the session at 77,424.36, the Nifty added 138.2 points to open at 24,171. In the last trading session, the Sensex closed at 77,017.79 and the Nifty 50 at 24,032.80. Similarly, the broader indices traded in the green in the opening session. While the…
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