Business

28

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex sheds over 200 points, Nifty near 24,050, SBIN top loser

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened lower on Tuesday, April 28, 2026, amid mixed global cues, with crude oil prices continuing to rise. While the 30-share BSE Sensex shed 208.84 points or 0.27 per cent to start the session at 77,094.79, the Nifty fell 42.8 points to open at 24,049.90. In the last trading session, the Sensex closed at 77,303.63 and the Nifty 50 at 24,092.70. However, the broader indices traded slightly in the green in the opening session. While the BSE Midcap Select Index was up by 20.29 points, the BSE Smallcap Select Index added…

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27

Apr

By The Press Editor

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Business

Ganga Expressway being developed as integrated manufacturing and logistics cluster – Check details

Greater Noida: The Ganga Expressway is being built under the design, build, finance, operate, transfer (DBFOT) (toll) basis, and the Uttar Pradesh government is planning to develop it as an "expressway-cum-industrial corridor" model. According to an official statement, the expressway, to be inaugurated by Prime Minister Narendra Modi on April 29, will be developed as an "expressway-cum-industrial corridor" model. The statement said that the expressway is being developed as an Integrated Manufacturing and Logistics Cluster (IMLC). The 594 km-long Ganga Expressway will have 12 industrial nodes, and for this, 6.508 acres of land have been identified.  987 investment proposals received …

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27

Apr

By The Press Editor

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Business

India, New Zealand ink free trade agreement, provides duty-free access for 100% of India’s exports

New Delhi: In a move that could open up new export markets and ease business rules, India and New Zealand have inked a free trade agreement. The pact was signed in the presence of Commerce and Industry Minister Piyush Goyal and visiting New Zealand's Trade and Investment Minister Todd McClay. The FTA provides duty-free access for 100 per cent of India's exports to New Zealand, covering all tariff lines or produce categories, and is expected to significantly boost MSMEs and employment by enhancing competitiveness in labour-intensive sectors such as textiles, apparel, leather, footwear, gems and jewellery, engineering goods, and processed…

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27

Apr

By The Press Editor

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Business

LED stock sees a rebound after company announces quarterly results, check full details

Mumbai: Shares of LED manufacturer MIC Electronics gained on Monday amid a rally in benchmark indices Sensex and Nifty, tracking a surge in Sun Pharma and a positive trend in global equity markets. The 30-share BSE Sensex jumped 546.64 points to 77,210.85 in early trade. The 50-share NSE Nifty climbed 169.55 points to 24,067.50. The action also comes as the company has announced financial results for the January-March quarter. The stock started the trading session in the red at Rs 40, down from the previous close of Rs 40.82 on the BSE. However, the witnessed buying at lower levels and…

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27

Apr

By The Press Editor

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Business

Gold, silver rates fall on MCX amid rise in crude oil prices, profit booking | Check city-wise rates

Mumbai: Precious metals futures rates fell on Monday, April 27, 2026, amid profit booking and a rise in Brent crude oil prices by over 1 per cent to above USD 106 per barrel. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened in the red with a drop of Rs 4 at Rs 1,52,695 per 10 grams against the previous close of Rs 1,52,699. It dropped further to touch an intraday low of Rs 1,52,301, a drop of Rs 398 or 0.26 per cent. Last seen, it was trading at Rs 1,52,393 with a drop of Rs…

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27

Apr

By The Press Editor

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Business

Sun Pharma shares in action on acquisition update of US-based Organon & Co for $11.75 billion

Mumbai: Shares of Sun Pharmaceutical Industries surged over 9 per cent on Monday, April 27, 2026, after the firm announced that it will acquire US-based Organon & Co in an all-cash deal at an enterprise valuation of USD 11.75 billion. The stock reacted positively to this development, as it is expected to be one of the largest acquisitions by Indian firms overseas. Following this update, the stock opened in the green at Rs 1,632.50, up Rs 12.55 from the previous close of Rs 1,619.95 on the BSE. Amid a spurt in volume by more than 4.69 times, the stock advanced to touch…

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27

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex jumps almost 200 points, Nifty near 23,950, Paytm falls 8%

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened higher on Friday, April 27, 2026, despite persistent geopolitical uncertainty and selling by Foreign Institutional Investors. While the 30-share BSE Sensex added 191.84 points or 0.25 per cent to start the session at 76,856.05, the Nifty fell 47.5 points to open at 23,945.45. In the last trading session, the Sensex closed at 76,664.21 and the Nifty 50 at 23,897.95. However, the broader indices traded slightly in the green in the opening session. While the BSE Midcap Select Index was up by 113.38 points, the BSE Smallcap Select Index added 76.72…

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27

Apr

By The Press Editor

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Business

Paytm Share Price: Stock in focus as RBI cancels banking licence of Paytm Payments Bank – What you need to know

Mumbai: Shares of fintech company  Paytm, operated by One 97 Communications, will be in focus in today's trading session as the Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank (PPBL) for non-compliance with norms. The central bank said that the bank's affairs were conducted in a manner detrimental to the interests of its depositors. "The bank failed to comply with the conditions stipulated in the Payments Bank licence issued to it," the central bank said. The RBI will make an application for the winding up of the bank before the High Court. Will…

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26

Apr

By The Press Editor

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Business

How much luggage can you carry on Indian trains? Check rules for 1A, 2A, 3A, and SL coaches

New Delhi: With the comfort and convenience of rail passengers in mind, Indian Railways has established specific regulations regarding the carriage of luggage on trains. Under these rules, passengers are permitted to carry luggage up to a prescribed limit per seat, depending on the specific class of coach they are traveling in. If a passenger is found carrying luggage exceeding this stipulated limit, a fine is levied based on both the distance of the journey (in km) and the weight of the excess luggage. The Railways introduced these regulations primarily for the benefit of passengers, aiming to ensure that co-passengers do…

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24

Apr

By The Press Editor

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Business

RBI cancels Paytm Payments Bank licence: What it means for customers and their deposits

New Delhi: In a major regulatory move, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank. The central bank confirmed the decision in an official statement, stating that the bank will no longer be allowed to offer banking services. The action has been taken due to serious concerns related to regulatory compliance and violations of norms. The RBI also assured that necessary steps will be taken to safeguard customer interests and ensure that deposits and services are not adversely affected. Why was the licence cancelled? According to the RBI, the bank's operations were being…

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