Business

23

Apr

By The Press Editor

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Business

Bikaji founder Shiv Ratan Agarwal dies at 74

New Delhi: Shiv Ratan Agarwal, the chairman and managing director of Bikaji, passed away in Chennai on Thursday at the age of 74. He was in the city for his wife's surgery. According to reports, his health suddenly deteriorated and he was taken to a private hospital, where he breathed his last. Reports suggest that his wife had recently undergone heart bypass surgery and was advised to rest. Because of this, Agarwal and his family were staying at a hotel there.  Shiv Ratan Agarwal, a resident of Sardulganj, Bikaner, had travelled to Chennai with his family 10 days ago. Founded Bikaji…

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23

Apr

By The Press Editor

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Business

You won’t get fuel in Delhi without this certificate, here’s what vehicle owners must know

New Delhi: Emissions from vehicles are considered to be one of the reasons behind Delhi's poor air quality. Considering this, an order was passed in July last to ban vehicles from refuelling without a valid Pollution Under Control (PUC) certificate. While the order was implemented for a few days, it was later put on hold. However, Delhi Chief Minister Rekha Gupta has now directed authorities to enforce the order strictly.  Chief Minister Rekha Gupta issued clear instructions on Wednesday that no petrol pump in Delhi will dispense fuel without a valid PUC certificate. The government believes the step will curb…

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23

Apr

By The Press Editor

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Business

After Meerut, Namo Bharat Express to run on the Delhi-Karnal route – Check details

New Delhi: Following the successful operation of the Namo Bharat (Regional Rapid Transit System - RRTS) on the Delhi-Meerut route, preparations are now picking up pace for the start of work on the Delhi-Karnal corridor. Interestingly, groundwork on this project has already begun even before the Union Cabinet's final approval. Once completed, this corridor is expected to make travel on this route much easier in the future. 136-kilometre-long elevated corridor This rapid rail corridor, which will be built from Delhi to Karnal, will be approximately 136 kilometres long. Most of it will be elevated, reducing land acquisition problems and speeding…

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23

Apr

By The Press Editor

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Business

FMCG stock hits upper circuit even as benchmark indices slump amid rise in crude oil prices

Mumbai: Shares of fast-moving consumer goods (FMCG) company Elitecon International Ltd gained on Thursday even as benchmark indices Sensex and Nifty tumbled in early trade as crude oil prices once again breached the USD 100 per barrel mark amid stalled US–Iran negotiations. The 30-share BSE Sensex tumbled 827.99 points or 1.05 per cent to 77,688.50 in the afternoon trade. The 50-share NSE Nifty dropped 196.30 points to 24,181.80. Amid this, the stock opened in red at Rs 39.52, with a fall of Rs 1.7 or 4.12 per cent from the previous close of Rs 41.22 on the BSE. However, the…

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23

Apr

By The Press Editor

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Business

SBI Life-backed NBFC stock in focus as board to consider Q4 results, dividend soon

Mumbai: Shares of SBI Life-backed NBFC firm Paisalo Digital will be in focus as the company has informed exchanges that its board will soon meet to review and approve the audited standalone and consolidated financial results for the fourth quarter and the full financial year ending March 31, 2026. The board will also consider several key proposal, including the recommendation of a final dividend for the fiscal year 2025-26. As per the information shared, the meeting of the board is scheduled for Sunday, May 10, 2026. The board will also consider a fundraising by issuing non-convertible debentures (NCDs) through a…

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23

Apr

By The Press Editor

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Business

Govt not considering petrol, diesel price hike, calls such reports ‘mischievous and misleading’

New Delhi: Amid the ongoing tensions between the United States and Iran, crude oil prices have once again breached the USD 100 per barrel mark. It had earlier reached USD 120 per barrel but briefly eased amid ceasefire talks, but remained volatile as the Strait of Hormuz remains largely closed. Amid this, a report surfaced claiming that due to the rising oil prices, Indian refineries are now incurring a monthly loss of Rs 27,000 crore. It said that as refineries are unable to sustain these losses for long, petrol and diesel prices could soon rise by Rs 25-28 per litre.…

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23

Apr

By The Press Editor

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Business

Gold falls to Rs 1.51 lakh per 10 grams on MCX, silver below Rs 2.43 lakh per kg | Check city-wise rates

Mumbai: Rates of precious metals in futures remain highly volatile amid ongoing geopolitical developments. A day after recovery, they fell on Thursday, April 23, 2026, as crude oil prices once again breached the USD 100 per barrel mark amid stalled US–Iran negotiations. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 606 or 0.39 per cent at Rs 1,52,051 per 10 grams against the previous close of Rs 1,52,657. It dropped further to touch an intraday low of Rs 1,51,621, a drop of Rs 1,036 or 0.67 per cent. Last seen, it was…

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23

Apr

By The Press Editor

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Business

Jio Financial Services shares in focus on forming JV with Allianz for general and life insurance: Details

Mumbai: Shares of Jio Financial Services will be in focus today, April 23, 2026, as the company, in an exchange filing after market hours, said that it has formed a joint venture with Germany's Allianz Group for general insurance and health insurance. The development comes a month after they formed a joint venture to carry on the business of reinsurance in India. The stock had managed to end the session in green despite benchmark indices falling nearly 1 per cent amid heavy selling in IT stocks and an uptick in crude oil prices. The counter closed at Rs 238.40, with…

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23

Apr

By The Press Editor

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Business

Trent Share Price: Stock opens in green after announcing first-ever bonus issue, check ratio

Mumbai: Shares of Trent, a retail firm of the Tata group, opened in green on Thursday, April 23, 2206, even as equity benchmark indices Sensex and Nifty tumbled in early trade as crude oil prices once again breached the USD100 per barrel mark and persistent foreign fund outflows. The action comes as the company has announced strong financial results for the January-March quarter and a first-ever bonus issue. They started the trading session at Rs 4438, with a gain of Rs 2.4 against the previous close of Rs 4435.60 on the BSE. Amid a spurt in volume by more than…

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23

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex sinks 532 points, Nifty near 24,200 as Brent oil tops USD100

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the session in red on Thursday, April 23, 2026, tracking sharp weakness in GIFT Nifty and cautious global cues amid a rise in Brent oil prices. While the 30-share BSE Sensex shed 532.83 points or 0.67 per cent to start the session at 77,983.66, the Nifty fell 175.75 points to open at 24,202.35. In the last trading session, the Sensex closed at 78,516.49 and the Nifty 50 at 24,378.10. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index was down by…

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