Business

13

Mar

By The Press Editor

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Business

Gold extends losses on MCX, silver drops over 2% as oil price surges | Check city-wise rates

Mumbai: Rates of precious metals in futures edged lower on Friday, March 13, 2026, as surging oil prices heightened inflationary risks and reduced the likelihood of interest rate cuts by the US Federal Reserve. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 20 at Rs 1,60,251 per 10 grams against the previous close of Rs 1,60,401. It later fell to touch the low of Rs 1,59,533, a dip of Rs 738 or 0.56 per cent. Last seen, it was trading at Rs 1,59,574 with a fall of Rs 697 or 0.43…

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13

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex tanks 600 points, Nifty below 23,500 as oil hovers above $100

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened sharply lower on Friday, March 13, 2026, as worries about the US-Israel-Iran war sent oil prices back to USD 100 per barrel and stocks sinking worldwide. While the 30-share BSE Sensex tumbled 590.2 points or 0.77 per cent to start the session at 75,444.22, the Nifty shed 176.65 points to open at 23,462.50. In the last trading session, the Sensex closed at 76,034.42 and the Nifty 50 at 23,639.15. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index fell 93.94 points,…

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13

Mar

By The Press Editor

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Business

LPG Gas Shortage: Maharashtra govt sets up control rooms, cylinder distribution under police security in Chandigarh

Mumbai: With the US-Israel-Iran war extending to the 14th day and shipments of petroleum products through the Strait of Hormuz being halted, supplies of liquefied petroleum gas (LPG) are tightening across India. However, the government has said that there is no shortage of domestic LPG in the country. Amid this, the Maharashtra government has set up control rooms and district-level committees to ensure an uninterrupted supply of LPG, asserting that there is no shortage of the fuel for domestic consumers. The state has directed officials to spread daily information through radio, FM channels, television and print media to prevent rumours…

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13

Mar

By The Press Editor

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Business

NTPC Green Energy share price: Renewable energy stock surges 7% even as stock markets tumble, here’s why

Mumbai: Shares of renewable energy stock NTPC Green Energy Ltd (NGEL), an umbrella company for NTPC's green business initiatives, are in action even as the benchmark indices tumbled, tracking weak global cues as oil prices hovered around USD 100 per barrel. While Sensex tumbled 708.38 points to 75,326.04 in early trade and Nifty dropped 222.05 points to 23,417.10, the stock surged over 7 per cent. The stock started the trading session in the green at Rs 98.98 against the previous close of Rs 97.61 on the BSE. Amid a spurt in trading volume by more than 5.25 times, the stock…

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13

Mar

By The Press Editor

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Business

Innovision IPO subscription date: Closing date extended, price band cut – Check latest GMP

Mumbai: The last date of subscription for the initial public offer of Innovision Ltd, a manpower and toll plaza management services provider, has been extended amid a tepid response from investors. Earlier, the IPO, which opened for subscription on March 10, was scheduled to close on March 12, 2026. According to an update shared with stock exchanges, the company has also revised the price band, and it will be effective from March 13, 2026. In the first three days of the issue, the IPO was subscribed to 32 per cent overall. According to data available with the National Stock Exchange…

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12

Mar

By The Press Editor

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Business

Coal India Share Price: PSU stock surges 6% even as benchmark indices trade in red, here’s why

Mumbai: Shares of state-owned Coal India Limited (CIL) surged over 6 per cent on Thursday, March 12, 2026, even as equity benchmark indices Sensex and Nifty tumbled amid a sharp jump in crude oil prices due to the widening crisis in West Asia weighed heavily on investors' sentiment. The stock started the trading session flat at Rs 446.30 on the BSE and fell to touch the intraday low of Rs 444.90. However, it rebounded and touched the intraday high of Rs 473.9, representing a gain of 6.18 per cent. This is also the stock's fresh 52-week high. The stock's 52-week…

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12

Mar

By The Press Editor

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Business

Retail inflation rises to 3.21% in February from 2.74% in preceding month

Mumbai: Retail inflation in the country moved up to 3.21 per cent in February compared to 2.74 per cent in the preceding month, according to the Consumer Price Index (CPI) released on Thursday. The inflation data is based on the new CPI series with a base year of 2024. Food inflation in February rose sequentially to 3.47 per cent from 2.13 per cent in January, showed the data released by the National Statistics Office (NSO). The major items that witnessed a high pace of price hike were 'silver, gold, diamond, platinum jewellery', coconut-copra, tomato, and cauliflower. On the other hand, there…

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12

Mar

By The Press Editor

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Business

No fuel shortage in India, adequate crude oil stocks available, assures Hardeep Singh Puri

New Delhi: Petroleum and Natural Gas Minister Hardeep Singh Puri on Thursday said there is no fuel shortage in the country and that India has sufficient crude oil. Asserting that India's crude supply position is secure, the Union Minister urged people not to spread rumours and avoid creating fake narratives.   "The world has not faced a moment like this in modern energy history. India's crude supply position is secure, and the secured volume exceeds what Hormuz would have delivered. Before the crisis, approximately 45 per cent of India's crude imports transited through the Strait of Hormuz route. Thanks to the…

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12

Mar

By The Press Editor

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Business

Innovision IPO GMP today: Check subscription status, listing date and other details

Mumbai: The initial public offer of Innovision Ltd, a manpower and toll plaza management services provider, received 30 per cent subscription on the second day of bidding on Wednesday. According to National Stock Exchange (NSE) data, the Rs 322.84-crore IPO received bids for 18,21,312 shares, as against 61,32,433 shares on offer. The category for Qualified Institutional Buyers (QIBs) got subscribed 99 per cent. Non-institutional investors' portion received 35 per cent subscription, and the Retail Individual Investors (RIIs) quota got subscribed 26 per cent. The initial public offer has a fresh issue of up to Rs 255 crore and an offer-for-sale…

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12

Mar

By The Press Editor

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Business

Smallcap stock opens in green even as equity benchmark indices tumbled in early trade, check details

Mumbai: Shares of smallcap company Bhatia Communications & Retail (India) opened the session in the green even as equity benchmark indices Sensex and Nifty tumbled in early trade on Thursday as a sharp jump in crude oil prices due to the widening crisis in West Asia weighed heavily on investors' sentiment. Besides, weak global market trends and relentless foreign fund outflows also dampened sentiments. The stock opened in the green at Rs 22.48 against the previous close of Rs 22.12 on the BSE. It further advanced to touch a high of Rs 23.45, representing a gain of Rs 1.33 or 6.01…

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