Business

22

Apr

By The Press Editor

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Business

Tech Mahindra Share Price: Stock gains after company announces Q4 results, Rs 36 final dividend – Check details

Mumbai: Shares of Indian IT major Tech Mahindra recovered from an intraday low after the company reported a 16 per cent growth in its consolidated net profit to Rs 1,353.8 crore for the January-March quarter of FY26. The company's consolidated net profit stood at Rs 1,166.7 crore in the same quarter of FY25. The company's revenue from operations rose 12.6 per cent to Rs 15,076.1 crore in Q4 FY26 compared to Rs 13,384 crore in the year-ago period. On a sequential basis, the IT major's profit and revenue rose 20.7 and 4.7 per cent, respectively. Following in-line fourth-quarter results, the…

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22

Apr

By The Press Editor

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Business

What is gold overdraft and how does it differ from gold loan? Here’s all you need to know

New Delhi: Gold purchase in India is not just a way of investing in a safe-haven asset, but also holds religious or cultural significance. People in India hold a significant amount of gold or gold jewellery. If your gold is solely for investment purposes (such as coins or bars) and not for any personal use (such as weddings), using it as a line of credit during a crisis can be a good option. But the question arises: should you take out a gold loan or a gold overdraft? How gold loan work? A gold loan is a 'secured loan' where…

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22

Apr

By The Press Editor

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Business

Planning to buy travel insurance for a vacation? Here are certain things to keep in mind

New Delhi: Buying travel insurance before embarking on a trip can be an important step. However, travel insurance policies offer different coverage, limits and the situations they cover. Therefore, choosing the right policy requires understanding its coverage and how it may be useful during your trip. Knowing what to look for in a policy can help you choose the right travel insurance for your trip. Things to consider before choosing travel insurance Medical treatment abroad: The most important thing to check is whether the policy covers the cost of doctor visits, hospitalisation and emergency treatment. Trip interruption: See if trip…

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22

Apr

By The Press Editor

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Business

Market Closing Bell: Sensex tumbles 756.84 points, Nifty ends below 24,400 as investors remain cautious

Mumbai: After three days of an upward trajectory, Indian markets witnessed a corrective session on Wednesday, with benchmark indices Sensex and Nifty declining amid uncertainty over US-Iran talks and ongoing shipping disruptions, keeping investors cautious. While the BSE Sensex witnessed a sharp bearish session, closing at 78,516, down by 756.84 points or 0.95 per cent, the Nifty 50 slipped nearly 200 points to end the session at 24,378.10. During the day, Sensex hit a high of 79,031.03 and a low of 78,442.30. The decline was largely driven by IT stocks, which emerged as major laggards following weak earnings, with heavyweights dragging the…

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22

Apr

By The Press Editor

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Business

RBI changes auto-debit rules: Here’s what it means for your monthly bills, SIPs and other recurring payments

New Delhi: The Reserve Bank of India ( RBI ) has made significant changes to auto-debit rules. According to the central bank, the move is aimed at protecting customers' interests. These changes will make the auto-debit system more secure and transparent than before. These rules will directly benefit millions of people whose EMIs, subscriptions, or bills are automatically deducted from their accounts every month. These new rules, issued under the "Digital Payments - e-Mandate Framework, 2026," apply to all recurring payments, such as subscriptions, utility bills, and mutual fund (SIP) payments. Under the new rules, customers must register once before…

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22

Apr

By The Press Editor

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Business

Rs 48 dividend stock: Sanofi India trades in red on ex-date for final dividend, check full details

Mumbai: Shares of pharmaceutical company Sanofi India are under pressure as they trade ex-date today for the final dividend of Rs 48. However, the payment of the dividend is subject to the approval of the members of the company at the ensuing 70th Annual General Meeting. The stock opened in the red at Rs 3,550 against the previous close of Rs 3,587.20 on the BSE. The scrip fell further to touch the low of Rs 3,495.35, representing a dip of Rs 91.85 or 2.56 per cent. Last seen, the stock was trading at Rs 3,502.60 with a fall of Rs…

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22

Apr

By The Press Editor

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Business

Gold rebounds on MCX, silver jumps nearly Rs 6,000 as crude oil drops | Check city-wise rates

Mumbai: Rates of precious metals in futures rebounded on Wednesday, April 22, 2026, as crude oil prices dropped amid the extension of the US–Iran ceasefire by President Donald Trump. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,664 or 1.09 per cent at Rs 1,53,335 per 10 grams against the previous close of Rs 1,51,671. It further touched an intraday high of Rs 1,53,699, a jump of Rs 2,028 or 1.33 per cent. Last seen, it was trading at Rs 1,53,390 with a gain of Rs 1,719 or 1.33 per cent.…

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22

Apr

By The Press Editor

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Business

BEML Share Price: PSU stock gains in weak market after securing Rs 590-crore order from defence ministry

Mumbai: Shares of State-owned BEML are in action on April 22, 2026, even as benchmark equity indices Sensex and Nifty declined in early trade, after a three-day rally, amid heavy selling in IT stocks. While the 30-share BSE Sensex fell 494.12 points to 78,779.21, the 50-share NSE Nifty shed 142.2 points to 24,434.40. Despite this weakness in the stock market, shares of BEML opened gap up with a gain of 2.39 per cent at Rs 1810.75 against the previous close of Rs 1,768.50 on the BSE. Amid a spurt in trading volume by more than 4.05 times, the advanced further…

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22

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex down 253 points, Nifty below 24,500, HCLTech falls over 7% post quarterly results

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the session in red on Wednesday, April 22, 2026, amid broadly stable yet cautious global cues, as investors await further clarity on geopolitical developments. While the 30-share BSE Sensex shed 253.99 points or 0.32 per cent to start the session at 79,019.34, the Nifty fell 105.75 points to open at 24,470.85. In the last trading session, the Sensex closed at 79,273.33 and the Nifty 50 at 24,576.60. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index was down by 28 points,…

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22

Apr

By The Press Editor

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Business

HCLTech Share Price: IT stock in focus after weak Q4 results, announcement of Rs 24 interim dividend

Mumbai: Shares of IT services company HCL Technologies (HCLTech) will be in focus on Wednesday, April 22, 2026, as the company has announced its financial results for the January-March quarter of FY26, along with an interim dividend for its shareholders. The company has reported a modest rise in net profit, though the slight miss on estimates may keep the stock reactive. The stock ended in the green in the last trading session, as the stock markets advanced for the third consecutive day on Tuesday, with the Sensex jumping by 753 points and the broader Nifty closing above 24,550 amid hopes…

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