Business

25

Sep

By The Press Editor

Business

Sensex gains 315 points, Nifty reclaims 23,100 as world shares advance amid drop in oil prices

Benchmark indices Sensex and Nifty staged a major rebound today after a sharp decline on Thursday, amid lower crude oil prices and reports of progress toward a phased US–Iran agreement, which improved sentiment. The 30-share BSE Sensex gained 315.20 points or 0.43 per cent to settle at 73,895.74. During the day, the benchmark hit a high of 73,968.05 and a low of 73,477.77, gyrating 490.28 points. The 50-share NSE Nifty ended with a gain of 77.40 points or 0.34 per cent and closed the session at 23,140.50. However, the broader market ended the session mixed. While the BSE MidCap Select…

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25

Sep

By The Press Editor

Business

UP International Trade Show draws buyers from 90 countries, state emerging as industrial hub: CM Yogi

Uttar Pradesh Chief Minister Yogi Adityanath on Friday said that the state has advanced rapidly, not only in the MSME sector but also by emerging as a new manufacturing hub. Speaking after the inauguration of the fourth edition of the Uttar Pradesh International Trade Show (UPITS), the chief minister said the Trade Show offers an opportunity to witness and understand the combined power of tradition and technology, heritage and innovation, and craftsmanship and the market. "UP has advanced rapidly, not only in the MSME sector but also by emerging as a new manufacturing hub. Last year, 550 buyers from 72 countries…

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25

Sep

By The Press Editor

Business

BrahMos missiles made in Uttar Pradesh give Pakistan sleepless nights, says Amit Shah at UPITS

Union Home Minister Amit Shah on Friday inaugurated the fourth edition of the Uttar Pradesh International Trade Show (UPITS). Addressing the event, Shah stressed Uttar Pradesh's growing role in India's defence manufacturing and said the BrahMos missiles manufactured in UP are giving Pakistan sleepless nights.  "The AK-203 assault rifles made in Amethi have similarly robbed Naxalites and terrorists of their sleep. Friends, there was a time when the Samajwadi Party and Bahujan Samaj Party (BSP) ruled here, and an 'industry' of crime flourished; a thriving trade in crude, illegal country-made pistols used to operate here," Shah said.  

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25

Sep

By The Press Editor

Business

Jewellery stock gains as company converts 3.64 crore warrants into equity shares, check details

Shares of PC Jeweller Ltd are on investors' radar today as the company, in its latest exchange filing, said that the board of directors has allotted 3,63,62,222 equity shares to the promoter and managing director. The shares were issued by converting the remaining 3,63,62,222 fully convertible warrants held by the promoter into equity shares. For this, he deposited the remaining amount of Rs 49.08 crore, which is 75 per cent of the issue price of the warrants. These new shares have a face value of Rs 1 per share and will carry the same rights as the company's existing equity…

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25

Sep

By The Press Editor

Business

PB Fintech share price bounces back after opening gap down, stock crashed 36% in last trading session

PB Fintech shares opened gap down at Rs 1,131.05, down Rs 78.95 or 6.5 per cent from the last closing price of Rs 1,210 on the BSE. This is also the stock's fresh 52-week low. The 52-week high of the counter is Rs 1,963, hit on December 9, 2025. However, the stock saw buying at this level and surged to an intraday high of Rs 1,262, a gain of Rs 52 or 4.29 per cent from the last closing price. Last seen, the stock was trading at Rs 1,167.75 with a fall of Rs 42.25 or 3.49 per cent, and…

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25

Sep

By The Press Editor

Business

25 September, 2026 Stock Market Updates: Sensex, Nifty flat amid mixed global cues, IT stocks drag

Indian equity benchmark indices, the Sensex and Nifty, opened largely flat on Friday amid mixed global cues as elevated US bond yields continue to keep risk appetite restrained. While the 30-share BSE Sensex shed 54.62 points or 0.07 per cent to start the session at 73,525.92, the Nifty fell 28.10 points to open at 23,035. In the last trading session, the Sensex closed at 73,580.54 and the Nifty 50 at 23,063.10. However, the broader indices traded mixed in the early trading session. While the BSE Midcap Select Index shed 18.73 points, the BSE Smallcap Select Index added 26.99 points or…

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25

Sep

By The Press Editor

Business

Swing-nose crossings to make India’s first bullet train jolt-free even at a speed of 320 kmph: Details

India's much-awaited bullet train will feature several first-of-their-kind features. As the construction progresses on the 508-kilometre Mumbai-Ahmedabad High-Speed Rail Corridor, some interesting details are now emerging. Latest updates suggest the bullet train will use state-of-the-art technology to ensure passengers don't feel jolts even when changing tracks at 320 kmph. This technology will provide the train's wheels with a consistent and smooth surface even when changing tracks. Why will a bullet train be jolt-free while changing tracks? A typical railway track has a small gap where two rail lines intersect. When train wheels pass through this area, passengers can feel jolts…

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24

Sep

By The Press Editor

Business

UPI mechanism coming soon to ensure MDR not passed onto consumers on transactions above Rs 2,000

New Delhi: Indian banks will monitor merchants to ensure that the Merchant Discount Rate (MDR) on UPI transactions will not be passed on to consumers. The Finance Ministry will hold meeting with Indian Banks' Association (IBA), Confederation of All India Traders (CAIT) on MDR issue. The IBA will make a mechanism and make sure that MDR on UPI is not passed on to consumers, reported news agency ANI.  What are the charges? From October 15, a 0.4 per cent MDR will apply to person-to-merchant UPI payments above Rs 2,000. Merchants, not consumers, will pay the charge, capped at Rs 300…

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24

Sep

By The Press Editor

Business

Hurun India Rich List 2026: Adani reclaims top spot as wealth jumps 13%, check top 10

A major shake-up has once again reshaped the race for wealth among India's billionaires. According to the M3M Hurun India Rich List 2026, Gautam Adani and his family have regained the top spot among India's richest families. Mukesh Ambani and his family rank second in the 15th edition of the M3M Hurun India Rich List 2026. The Adani family's total wealth has increased to Rs 9.23 lakh crore, while the Ambani family's wealth remains at Rs 8.63 lakh crore. LN Mittal's wealth jumps 93% Lakshmi Mittal and family have secured the third spot this year. Their wealth increased by nearly…

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24

Sep

By The Press Editor

Business

Cooking oils likely to get cheaper ahead of festive season as government cuts import duties, check details

Retail prices of cooking oil are expected to fall ahead of the festive season as the government has decided to cut import duties on soybean, palm and sunflower oils. However, the extent of its direct impact will depend on several factors, including international prices, the movement of the rupee and domestic supply. The government has reduced the basic customs duty (BCD) on crude sunflower oil from 10 per cent to nil. The government has trimmed the BCD on refined sunflower oil from 32.5 per cent to 22.5 per cent. The BCD on crude soybean oil and palm oil has been…

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