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.

12
Aug
By The Press Editor
Business

Ardee Industries Listing Highlights: Shares make strong debut, list at 38.87% premium over IPO price

Mumbai: Shares of Ardee Industries Ltd, a leading firm in the secondary metals and circular economy sectors, made a strong debut on bourses today. The stockย listed at Rs 73.60 on the BSE, a premium of 38.87 per cent to the issue price of Rs 53.ย  Earlier, theย public issue received strong investor participation. The Rs 426-crore initial public offering of Ardee Industries got subscribed 133.66 times on the final day of bidding on Friday. According to data available on the National Stock Exchange (NSE), it received bids for 7,80,88,19,433 shares against 5,84,22,516 shares on offer. The price band for the IPO…
Read More
12
Aug
By The Press Editor
Business

12 August, 2026 Stock Market Updates: Sensex gains 109 points, Nifty flat, Godrej Consumer drops 10%

Mumbai: Sensex, Nifty Today: Indian equity benchmark indices, the Sensex and Nifty, opened flat with a cautious undertone, as persistent uncertainty surrounding the US-Iran negotiations continues to weigh on investor sentiment. While the 30-share BSE Sensex added 109.08 points or 0.13 per cent to start the session at 78,263.33, the Nifty opened flat with a gain of only 0.75 points to open at 24,472.45. In the last trading session, the Sensex closed at 78,154.25 and the Nifty 50 at 24,471.70. However, the broader indices traded in the green in the early trading session. While the BSE Midcap Select Index was…
Read More
11
Aug
By The Press Editor
Business

PM E-DRIVE scheme extended till 2028, EV subsidy cut for electric two-wheelers

New Delhi: The government has announced a major update for people planning to buy electric vehicles in India as the PM E-DRIVE scheme has been extended until March 31, 2028. However, the incentive available on electric two-wheelers has been reduced, with the subsidy per kilowatt-hour (kWh) cut by half. With the revised rules now in place, prospective EV buyers need to understand how the new incentive structure will affect the benefits available to them. PM E-DRIVE scheme extended till March 2028 According to a notification issued by the Ministry of Heavy Industries, the PM E-DRIVE scheme will now remain operational…
Read More
11
Aug
By The Press Editor
Business

ICSI lays foundation stone for new Chapter Office in Gurugram to boost corporate outreach

New Delhi: The Institute of Company Secretaries of India (ICSI) laid the foundation stone for its new Chapter Office in Gurugram, marking a strategic move to strengthen its professional footprint in one of North Indiaโ€™s prominent corporate hubs. According to the Institute of Company Secretaries of India (ICSI), the new office infrastructure reflects its commitment to providing enhanced professional services and greater engagement opportunities for Company Secretaries, students and other stakeholders in the region. Speaking on the occasion, CS Pawan G Chandak, President, The ICSI, said that Gurugram has emerged as a major centre for corporate activity, innovation and entrepreneurship.…
Read More
11
Aug
By The Press Editor
Business

Sensex tumbles 388 points, Nifty ends below 24,500 as rebound in crude oil weighs on sentiment

Mumbai: Benchmark indices Sensex and Nifty ended lower on Tuesday as a rebound in crude oil prices and uncertainties around the Middle East weighed on investor sentiment. The 30-share BSE Sensex fell 388.19 points or 0.49 per cent to 78,154.25. During the day, the benchmark hit a high of 78,509.77 and a low of 78,048.26, gyrating 461.51 points. Similarly, the 50-share NSE Nifty ended 112.10 points or 0.46 per cent lower at 24,471.70. However, the broader market ended the session mixed. While the BSE MidCap Select Index dropped 2.02 points or 0.01 per cent, the BSE SmallCap Select Index added…
Read More
11
Aug
By The Press Editor
Business

Technocraft Ventures Vs Leap India IPO GMP on last day of subscription, check status and other details

Mumbai: Today is the last day to subscribe to the initial public offering of two companies - Technocraft Ventures and Leap India. While the infrastructure company Technocraft Ventures has so far received 11.46 times subscription on the third day of bidding, supply chain asset pooling firm Leapย India has received a muted response from investors and has been subscribed to only 1.10 times at the time of writing the report. According to data available on the National Stock Exchange (NSE), Technocraft Ventures' public issue got bids for 9,52,75,670 shares against 83,17,190 shares on offer. The non-institutional investors' portion received 21.32 times…
Read More
11
Aug
By The Press Editor
Business

IT stock, which recently signed contract with SpaceX, in focus again ahead of quarterly results: Details

Mumbai: Shares of BSE-listed Indian IT company Blue Cloud Softech surged 15 per cent today even as benchmark indices Sensex and Nifty declined in early trade amid a rise in crude oil prices due to geopolitical uncertainties. While the 30-share BSE Sensex dropped 320.14 points to 78,204.40, the 50-share NSE Nifty dropped 94.35 points to 24,490.85. Despite this, the stock opened gap up at Rs 22.95, with a gain of 2.36 per cent from the previous close of Rs 22.42. Amid buying interest and a spurt in volume by more than 3.86 times, the stock hit an intraday high of…
Read More
Jewellery stock below Rs 50 jumps over 7% as April-June quarter profit rises 37% to Rs 222 crore
11
Aug
By The Press Editor
Business

Jewellery stock below Rs 50 jumps over 7% as April-June quarter profit rises 37% to Rs 222 crore

Mumbai: Shares of PC Jeweller opened gap-up even as the stock market tumbled in early trade, after the company reported strong financial performance for the first quarter ended June 30, 2026. The counter opened the trading session at Rs 10.13, up Rs 0.31, or 3.15 per cent, from the previous close of Rs 9.82 on the BSE. The counter witnessed firm buying at these levels, and amid a trading volume spurt of more than 1.87 times, it touched an intraday high of Rs 10.56, representing a jump of 7.53 per cent from the last closing price. Last seen, the scrip…
Read More
Vodafone Idea share price in focus today as telecom company’s Q1 loss narrows to Rs 3,754 crore
11
Aug
By The Press Editor
Business

Vodafone Idea share price in focus today as telecom company’s Q1 loss narrows to Rs 3,754 crore

Mumbai: Vodafone Idea share price will be in focus during today's trading session as the debt-ridden telecom firm reported a narrowing of its loss to Rs 3,754 crore in the April-June quarter of the financial year 2026-27. According to the company, it has managed to narrow losses due to government relaxation of dues and a notional gain in the price of shares earmarked for it by a promoter group. The firm had posted a net loss of Rs 6,611 crore in the same quarter a year ago. According to information shared with exchanges, the company's revenue from operations grew 6…
Read More