Business

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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17

Mar

By The Press Editor

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Business

Gold rebounds on MCX, silver up by Rs 6,367 as oil prices ease | Check city-wise rates

Mumbai: Rates of precious metals in futures edged higher on Tuesday, amid buying at lower levels and the stock market's positive response. The gold April 2 contract on the Multi Commodity Exchange (MCX) added Rs 1,155 to open at Rs 1,56,891 per 10 grams against the previous close of Rs 1,55,736. It later jumped to touch the high of Rs 1,57,580, a gain of Rs 1,844 or 1.18 per cent. Last seen, it was trading at Rs 1,57,181 with a gain of Rs 1,445 or 0.43 per cent. On the MCX, the yellow metal futures for June 2026 were up…

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17

Mar

By The Press Editor

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Business

GSP Crop Science IPO GMP today: Check subscription status, grey market premium and other details

Mumbai: The initial public offering of agrochemical company GSP Crop Science Ltd is open for subscription, and today is the second day of the three-day subscription window. The public subscription began on March 16 and will conclude on March 18, 2026. The issue was subscribed to 47 per cent on the first day of the bidding. At the time of writing the report, the issue was subscribed to by nearly 60 per cent. According to the data available on the National Stock Exchange (NSE), the IPO has received bids for 53,93,362 shares against 89,47,367 shares on offer. The category for…

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17

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty open in green amid positive global cues as oil prices ease

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the green on Tuesday, March 17, 2026, amid positive global cues and easing crude oil prices. While the 30-share BSE Sensex gained 323.83 points to start the session at 75,826.68, the Nifty added 84.4 points to open at 23,493.20. In the last trading session, the Sensex closed at 75,502.85 and the Nifty 50 at 23,408.80. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 43.68 points, or 0.28 per cent, in the early trading session, the BSE Smallcap Select…

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16

Mar

By The Press Editor

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Business

Stock under Rs 50 in focus as CRISIL assigns new rating with stable outlook, check share price

Mumbai: Shares of frozen meat exporter HMA Agro Industries are in focus today after the company said in its latest exchange filing that CRISIL Ratings Limited has issued a new credit rating for its bank facilities. According to the information shared, CRISIL has assigned the company's bank loan facilities totalling Rs 1,250 crore a long-term rating of BBB+ (Stable Outlook) and a short-term rating of A2. This indicates that the company's debt servicing capacity is considered satisfactory and that its financial position is expected to remain stable in the near term. Share price today The stock started the trading session…

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16

Mar

By The Press Editor

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Business

What are the implications when property is passed to heirs – All you need to know

New Delhi: Property succession in India is often viewed through a simple lens: once the owner passes away, the asset moves to the legal heirs. Since India currently does not levy an inheritance or estate tax, many families assume that the process is largely frictionless. In practice, however, the transfer of property to heirs can carry several financial and administrative implications that are not always anticipated. Mutation of records  According to Ashish Nasa, Managing Director & CEO, Universal Trustees, the first point that requires attention is the process of title transmission. "Unlike movable financial assets, where nomination or account transfer…

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16

Mar

By The Press Editor

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Business

Outlook for India’s luxury housing segment appears firmly positive amid volatile global economy: Experts

New Delhi: Amid persistent inflationary pressures, fluctuating interest rate cycles, and ongoing geopolitical tensions, global financial markets have remained volatile over the past few years, prompting investors to reassess traditional portfolio strategies. Equity markets in several economies have seen sharp swings, while uncertainty around global growth has further reinforced the need for stability in investment choices. In this environment, tangible assets are once again drawing attention.  In India, luxury housing is steadily emerging as a preferred option among affluent investors who are looking beyond lifestyle aspirations and viewing premium residential properties as long-term wealth assets. With strong demand, limited supply…

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16

Mar

By The Press Editor

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Business

India Post’s premium express deliver ’24 Speed Post’ promises next-day guaranteed delivery: Full details

New Delhi: To compete with private courier and logistics companies, the central government has made significant changes to India Post's regulations. New premium services, such as "24 Speed ​​Post," "48 Speed ​​Post," and "24 Speed ​​Post Parcel," have been introduced for faster delivery of documents and parcels. All these new premium services will be available from March 17, 2026. Services to be available in 6 cities New tariffs and categories for time-bound delivery have been added by amending the provisions of the Post Office Regulations, 2024. According to the notification, these services will initially be launched between six major cities:…

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16

Mar

By The Press Editor

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Business

Apply for new PNG connection and get free gas worth Rs 500, check full details here

New Delhi: Amid a shortage of LPG (liquified petroleum gas) cylinders in the country due to the near-shutting of the Strait of Hormuz because of the ongoing war between the US, Israel, and Iran, the government on Monday said that gas distribution companies have rolled out incentives to encourage new PNG (piped natural gas) connections. During a press briefing in the national capital, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) at the Ministry of Petroleum and Natural Gas, said that customers can apply for a new PNG connection through email, customer portal, letter or call centre of the respective…

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16

Mar

By The Press Editor

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Business

Kotak Mahindra Mutual Fund raises stake in this recently listed stock, check share price

Mumbai: Shares of North India-based hospital chain Park Medi World are in focus as the company has informed exchanges that Kotak Mahindra Mutual Fund has purchased shares of Park Medi World Ltd., increasing its stake in the company to more than 5 per cent. The investment was made through various schemes of the mutual fund. "We would like to inform you that Kotak Mahindra Mutual Fund (KMMF) has acquired equity shares of Park Medi World Limited, constituting more than 5.00% of the issued equity share capital of the company," Kotak said.  Mutual Fund Holding Crosses 5 Per Cent Prior to…

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