Business

04

May

By The Press Editor

0 Comments

Business

Upper circuit alert: Stock jumps 5% as markets gain amid steady oil prices, check details

Mumbai: After falling for six consecutive days, shares of Spice Lounge Food Works are in action today as benchmark indices Sensex and Nifty surged in early trade amid easing oil prices and improving global sentiment, with Asian markets also trading higher. The 30-share BSE Sensex jumped 657.80 points to 77,571.30 in early trade. The 50-share NSE Nifty climbed 213.35 points to 24,215.10. Amid this, the counter opened flat at Rs 19.54 on the BSE. However, it later surged to touch the high of Rs 20.51, representing a gain of Rs 0.97 or 4.9 per cent. The market cap of the company…

Read More

04

May

By The Press Editor

0 Comments

Business

Pharma stock below Rs 50 in focus after quarterly profit increases, check share price

Mumbai: Shares of specialty chemicals company Sudarshan Pharma gained nearly four per cent on Monday, May 4, 2026, after the company announced its financial results for the January-March quarter of the FY26. The action also comes as benchmark indices Sensex and Nifty surged in early trade on Monday amid easing oil prices and improving global sentiment, with Asian markets also trading higher. The 30-share BSE Sensex jumped 657.80 points to 77,571.30 in early trade. The 50-share NSE Nifty climbed 213.35 points to 24,215.10. Amid this, the stock opened in green at Rs 31.40, 3.76 per cent from the previous close…

Read More

04

May

By The Press Editor

0 Comments

Business

Market Opening Bell: Sensex surges 343 points, Nifty above 24,050 as crude oil holds steady

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened higher on Monday, May 4, 2026, amid mixed global cues, with Brent crude oil prices holding steady after President Donald Trump said the US would help ships leave the Strait of Hormuz. While the 30-share BSE Sensex surged 343.77 points or 0.44 per cent to start the session at 77,257.27, the Nifty added 66 points to open at 24,063.55. In the last trading session, the Sensex closed at 76,913.50 and the Nifty 50 at 23,997.55. Similarly, the broader indices traded in the green in the opening session. While the BSE…

Read More

03

May

By The Press Editor

0 Comments

Business

Delhi Metro: Government approves 7 new corridors costing Rs 48,204.56 crore

New Delhi: The Delhi government has approved a major expansion of the metro rail network. Under this expansion, Phase V(B) will include seven new corridors, totalling 97 kilometres in length. A total of 65 metro stations are planned along these seven corridors. Delhi Chief Minister Rekha Gupta stated that the project's estimated cost is Rs 48,204.56 crore. Its aim is to provide better connectivity to the capital's outer and emerging areas. According to reports, four of the seven corridors have been selected as priority projects, and work on them will be expedited. The government has set a target to complete…

Read More

02

May

By The Press Editor

0 Comments

Business

Govt Appoints Rohit Jain As RBI Deputy Governor. Everything you need to know about him

New Delhi: The government has appointed Rohit Jain as the new Deputy Governor of the Reserve Bank of India for a period of three years. His appointment has been approved by the Appointments Committee of the Cabinet, and he is expected to take charge on or after May 3. Jain will take over from T Rabi Sankar, whose extended term came to an end recently. Rabi Sankar was first appointed in 2021 and later received extensions in 2024 and 2025 before completing his tenure. Who is Rohit Jain? Rohit Jain is currently serving as an Executive Director at the RBI.…

Read More

02

May

By The Press Editor

0 Comments

Business

Air India cuts international flights till July amid jet fuel price hike, closure of certain airspace

New Delhi: Air India is all set to cut its international flights till July because of a surge in jet fuel prices and the ongoing airspace restrictions that made several routes unprofitable, said the firm's Chief Executive Officer (CEO) and Managing Director (MD) Campbell Wilson on Friday. In a message to the staff, Wilson said the hike in jet fuel rates and the closure of certain airspace has made the situation extremely difficult for the airlines that is already in losses. This situation has left Air India with no choice but to "further trim schedules for June and July". According…

Read More

30

Apr

By The Press Editor

0 Comments

Business

India’s senior living sector is estimated to reach USD 14.14 billion by 2031 – What’s behind the rise?

New Delhi: In India, the concept of senior living used to have a narrower outlook based on needs rather than a broader vision. Now the focus is more on proactive living rather than reactive living. The rising number of buyers is now beginning to consider senior living as an important tool of lifestyle planning. In that sense, India is not just accommodating an ageing population anymore; it is beginning to design for it. And that marks a far more structural shift than the market has traditionally acknowledged. Country’s elderly population set to expand sharply The momentum behind senior living in…

Read More

30

Apr

By The Press Editor

0 Comments

Business

Big relief for credit card users as RBI’s new rule provides 3 days of grace period on bill payment: Details

New Delhi: Credit cards have become a necessity these days, but we often fail to pay our bills on time. For such users, there is now good news. The Reserve Bank of India (RBI) has made a significant change in the rules and has decided to give users the benefit of extra time and lower charges. This means that if you are unable to pay your credit card bill on time, then there is no need to panic. Under the new rules, you will get three extra days to pay, even after the due date, during which the bill can…

Read More

30

Apr

By The Press Editor

0 Comments

Business

Srinagar-Jammu Vande Bharat Train: Check train number, timings, route and other details

Mumbai: In good news for people of Jammu & Kashmir and tourists, Railway Minister Ashwini Vaishnaw on Thursday flagged off the first Vande Bharat Express between Jammu and Srinagar. This train previously ran only between Shri Mata Vaishno Devi Katra and Srinagar, but has now been extended to Jammu Tawi station due to high passenger demand. Flagging off the train, the Railway Minister said that it is not just a train, but a strong bridge connecting Kashmir with the rest of the country. Vaishnaw was accompanied by the Minister of State in the Prime Minister's Office (PMO), Dr Jitendra Singh,…

Read More

30

Apr

By The Press Editor

0 Comments

Business

FMCG stock opens in green amid stock market crash following change in management, check details

Mumbai: Despite benchmark indices Sensex and Nifty tumbling amid a sharp spike in crude oil prices, weak global trends and foreign fund outflows, the stock of diversified FMCG company Elitecon International started the trading session in green today. While the 30-share BSE Sensex slumped 821.79 points to 76,674.57 and the 50-share NSE Nifty dived 287.3 points to 23,890.35, the counter opened in green at Rs 38.01, up Rs 0.51 or 1.36 per cent from the previous close of Rs 37.50 on the BSE. It advanced further, hitting the intraday high of Rs 28.28. However, the stock witnessed profit booking at…

Read More