Business

05

May

By The Press Editor

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Business

Healthcare stock hits 52-week high post announcement of step-down subsidiary, check share price

Mumbai: Shares of North India-based hospital chain Park Medi World are in action today, even as equity benchmark indices Sensex and Nifty declined on Tuesday amid fresh tensions in the Strait of Hormuz region. The rupee falling to all-time low of 95.40 against US dollar in early trade also added to the weak trend in equities. The 30-share BSE Sensex declined 361.62 points to 76,907.78 in early trade. The 50-share NSE Nifty dropped 134.90 points to 23,980.60. Amid this, the stock opened in the red at Rs 240 against the previous close of Rs 240.20 on the BSE. The stock…

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05

May

By The Press Editor

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Business

Delhi traffic offenders may get their driving licence suspended as govt announces new rules: Details

New Delhi: The Delhi government has taken a major decision regarding actions against traffic offenders. According to the government, the new rules aim to streamline traffic management in the national capital and punish traffic violators. The Delhi CMO (Chief Minister's Office) has shared details of the new rules on social media. Under the new rules, the driving licenses of repeat offenders will be cancelled. Furthermore, you will have to settle your challan within 45 days. Settle your challan in 45 days According to a post on the official X account of the Delhi Chief Minister's Office, the Delhi government has…

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05

May

By The Press Editor

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Business

Market Opening Bell: Sensex falls 165 points, Nifty near 24,050 amid fresh escalations in Middle East

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened lower on Tuesday, May 5, 2026, as sentiment remains cautious amid ongoing developments in the Middle East and movement in crude oil prices. While the 30-share BSE Sensex plunged 165.68 points or 0.21 per cent to start the session at 77,103.72, the Nifty fell 66.7 points to open at 24,052.60. In the last trading session, the Sensex closed at 77,269.40 and the Nifty 50 at 24,119.30. From the Sensex pack, Mahindra & Mahindra, Adani Ports, ITC, Tata Steel, and TCS were in green with M&M leading the pack by gaining…

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05

May

By The Press Editor

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Business

Gold witnesses mild gain on MCX, silver drops to Rs 2.43 lakh per kg amid Middle East tensions | Check city-wise rates

Mumbai: Rates of precious metals in futures witnessed mild gains on Tuesday, May 5, 2026, amid escalating tensions in the war between the US and Iran. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 410 or 0.27 per cent at Rs 1,49,749 per 10 grams against the previous close of Rs 1,49,339. It gained further to touch an intraday high of Rs 1,49,950, a jump of Rs 611 or 0.40 per cent. Last seen, it was trading at Rs 1,49,391 with a gain of Rs 52 or 0.03 per cent. On…

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05

May

By The Press Editor

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Business

OnEMI Technology Solutions IPO GMP today: Check subscription status, listing date and other details

Mumbai: The initial public offering of OnEMI Technology Solutions Ltd, which operates digital lending platform Kissht, has received 60 per cent subscription at the end of the second day of bidding on Monday. According to the data available on the NSE, the public issue received bids for 2,38,94,028 shares against 3,97,62,250 shares on offer. The three-day subscription window of the Rs 926-crore issue will close on May 5, i.e. today.  The category for Qualified Institutional Buyers (QIBs) fetched 1.45 times subscription. The portion for non-institutional investors got subscribed 50 per cent and Retail Individual Investors (RIIs) received 16 per cent…

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04

May

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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…

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04

May

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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…

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04

May

By The Press Editor

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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…

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03

May

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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…

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02

May

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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.…

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