Business

18

Mar

By The Press Editor

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Business

Upper circuit alert: FMCG stock hits 5% upper circuit, outperforms sector by 2.8%

Mumbai: Shares of Elitecon International Limited, a leading diversified FMCG enterprise, are in action as benchmark indices Sensex and Nifty rallied in early trade on Wednesday, building on gains of the past two trading sessions, amid a drop in crude oil prices and a firm trend in global peers. The counter started the trading session in the green at Rs 53.53, up from the previous close of Rs 53.18 on the BSE. The stock gained further to touch the high of Rs 55.83 and locked in a 5 per cent upper circuit. The market cap of the company stood at…

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18

Mar

By The Press Editor

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Business

Stock of BSE 1000 company gains over 4% as markets rally in early trade, check share price

Mumbai: Shares of Sindhu Trade Links, a BSE 1000 company that provides logistics services, jumped over 4 per cent on Wednesday, March 18, 2026, as benchmark indices rallied in early trade amid positive global cues, as oil prices have paused their upward momentum. Amid this, the stock started the trading session in the red at Rs 23.27 against the previous close of 23.69 on the BSE. However, the stock rebounded and touched an intraday high of Rs 24.72, representing a gain of Rs 1.03 or 4.35 per cent from the previous close. Last seen, the stock was trading at Rs…

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18

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex gains 296 points, Nifty above 23,600 as oil prices remain steady

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, continued their upward trend and started the trading session on a positive note on Wednesday, March 18, 2026, amid positive global cues as oil prices paused their gains despite the ongoing US-Israel-Iran war. While the 30-share BSE Sensex added 296.71 points or 0.39 per cent to start the session at 76,367.55, the Nifty gained 51.75 points to open at 23,632.90. In the last trading session, the Sensex closed at 76,070.84 and the Nifty 50 at 23,581.15. Similarly, the broader indices traded in the green in the opening session. While the BSE…

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17

Mar

By The Press Editor

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Business

Are tier-2 cities leading India’s real estate boom? Here’s all you need to know

New Delhi: For years, India’s housing narrative revolved around its largest metros, where skyline-defining towers and record-breaking launches set the tone for the sector. That script, however, is steadily changing. Growth is now diffusing beyond traditional urban strongholds, with tier-2 cities emerging as serious, self-sustaining housing markets rather than mere spillover destinations. The shift is being shaped less by speculative capital and more by end-user conviction. As affordability pressures mount in metros, where prices often outpace income growth, homebuyers are recalibrating their aspirations. In cities such as Jaipur, Lucknow and Indore, improved infrastructure, expanding job ecosystems, and a better value…

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17

Mar

By The Press Editor

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Business

Rajputana Stainless IPO Allotment: Easy steps to check status online, latest GMP, other details

New Delhi: The initial public offer of Rajputana Stainless Ltd,  a leading company with over three decades of experience in the stainless-steel manufacturing sector, got subscribed a total of 1.12 times on the last day of the bidding process on March 16, 2026. According to data available on the NSE, the IPO received bids for 2,34,19,550 shares, as against 2,09,00,000 shares on offer. The category for Qualified Institutional Buyers (QIBs) fetched 2.51 times the subscription. The quota for non-institutional investors got subscribed 2.59 times, and Retail Individual Investors (RIIs) received 27 per cent subscription. The initial public offer has a…

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17

Mar

By The Press Editor

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Business

Benchmark indices rally for 2nd day, Sensex, Nifty gain nearly 1%

Mumbai: The stock market opened with a slight gain on Tuesday and eventually closed with a decent gain. Today marks the second consecutive day that the market has closed in the green with gains. On Tuesday, the BSE Sensex closed at 76,070.84, up 567.99 points (0.75 per cent). The NSE Nifty 50 index also closed at 23,581.15, up 172.35 points (0.74 per cent). It should be noted that on Monday, the market closed with a gain of over 1 per cent. Yesterday, the Sensex closed at 75,502.85, up 938.93 points (1.26 per cent), and the Nifty closed at 23,408.80, up…

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17

Mar

By The Press Editor

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Business

LPG consumption declines 17.3% in March on war-related shortages: Data

New Delhi: LPG consumption in the country declined by 17.7 per cent in the first fortnight of March due to supply disruptions caused by the war in the Middle East. This information was obtained from preliminary industry data. According to the data, LPG consumption in the country declined to 11.47 lakh tonnes by March 15, which is 17.3 per cent lower than 13.87 lakh tonnes in the first 15 days of March last year. This is 26.3 per cent less than the demand of 15.57 lakh tonnes in the first 15 days of February this year. India imports about 60…

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17

Mar

By The Press Editor

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Business

LPG e-KYC update: Biometric Aadhaar authentication required for unauthenticated customers, clarifies govt

New Delhi: The Ministry of Petroleum and Natural Gas has issued a clarification regarding biometric Aadhaar authentication for LPG (liquefied petroleum gas) consumers. In a post on X, the ministry said that eKYC is required only for unauthenticated users, not all customers. The clarification has been issued amid some reports suggesting that LPG users must complete the process to receive the cylinders uninterrupted.  “THIS IS NOT A FRESH DIRECTION. The recent post by the ministry is a part of the ongoing efforts of the Government to encourage more LPG consumers to complete biometric Aadhaar authentication," the ministry said. According to…

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17

Mar

By The Press Editor

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Business

PSU Dividend Stock: Mishra Dhatu Nigam to share ex-date for 8.50% dividend – Last chance to buy

Mumbai: Shares of public sector undertaking (PSU) Mishra Dhatu Nigam will soon trade ex-date for the dividend. This is a good opportunity for investors who want to earn some additional profit from their investment amid extreme volatility in the stock market. Benchmark indices have been highly volatile as persistent geopolitical tensions in the Middle East have kept investors on edge. In order to be eligible for a corporate action, investors must buy the stock before the ex-date, which is generally 1-2 days before the record date. While the ex-date is when the stock traded without dividend rights, the record date…

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17

Mar

By The Press Editor

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Business

SBI Life-backed NBFC strengthens credit profile with dual ratings for it proposed Rs 1,500 crore NCDs

Mumbai: SBI Life-backed smallcap NBFC stock Paisalo Digital Ltd, in its latest exchange filing, has announced that it has further strengthened its credit profile. The company received a long-term rating of BWR AA/Stable from Brickwork Ratings India Private Limited for its proposed Rs 1,500 crore non-convertible debentures (NCDs). The company already holds a rating from Infomerics Analytics and Research. With this development, the company will now benefit from ratings from two agencies. Strong fundamentals back a rating upgrade Brickwork Ratings stated that the company’s strong position is supported by its established business model, robust capitalisation, experienced management, and superior asset…

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