Business

09

Mar

By The Press Editor

0 Comments

Business

Sedemac Mechatronics IPO allotment date: How to check status online on BSE, MUFG Intime

Mumbai: The initial public offering of Sedemac Mechatronics Ltd, a powertrain controls and auto parts manufacturer, received decent participation from retail investors and received 2.68 times subscription on the last day of bidding on Friday. The attention has not shifted to the IPO allotment date, and reports suggest that it is expected to be finalised today, i.e. on March 9, 2026. Once the allotment is finalised, equity shares will be credited to the demat accounts of successful bidders. Also, the refund process will be initiated tomorrow, i.e. on March 10. If you have applied for the IPO and want to…

Read More

09

Mar

By The Press Editor

0 Comments

Business

Pakistan seeks IMF help as crude oil prices spike near USD 120 a barrel, check full details here

Mumbai: Pakistan's Finance Minister Mohammad Aurangzeb has warned that escalating tensions in West Asia could increase the country’s monthly oil import bill by USD 600 million. The statement comes as the global oil market reacts sharply to the ongoing crisis, and crude oil prices crossed the USD 100 mark on Monday. International benchmark Brent crude touched USD 119.50 per barrel on Monday, while the US crude oil benchmark West Texas Intermediate (WTI) rose nearly 30.04 per cent to USD 118.21 from Friday's close of USD 90.90. The sharp surge in prices of crude oil reflects growing fears of potential disruptions…

Read More

09

Mar

By The Press Editor

0 Comments

Business

102% return in 1 year: FMCG stock in focus post company declares financial results for Q3FY26

Mumbai: Diversified fast moving consumer goods (FMCG) company Elitecon International Ltd has reported its financial results for the third quarter of FY26. The company's standalone revenue from operations for the December quarter stood at Rs 502.72 crore, marking a 939 per cent increase compared to Rs 48.40 crore in the same quarter last year (Q3FY25). Total income also rose sharply to Rs 503.12 crore, reflecting a 927 per cent year-on-year increase. Net Profit Rises 44 Per Cent Despite the sharp increase in revenue, net profit recorded a relatively moderate rise. The company reported a net profit of Rs 95.3 million,…

Read More

09

Mar

By The Press Editor

0 Comments

Business

Smallcap jewellery stock to raise Rs 350 crore fund through issuance of fresh shares, check details

Mumbai: Shares of Motisons Jewellers Ltd, a small-cap company in the jewellery sector, are likely to remain on investors’ radar on Monday, March 9, after the company shared key updates in its latest exchange filing. The company said that its board of directors met on Friday, March 6, 2026, and approved several important decisions, including a proposal to raise funds. According to the filing, the board approved a plan to raise up to Rs 350 crore through the issuance of equity shares or other securities convertible into equity. Fund Raising Through Multiple Routes The company stated that the funds may…

Read More

09

Mar

By The Press Editor

0 Comments

Business

SBI Life-owned NBFC to discuss fund raising via non-convertible debentures, board to meet on March 11

Mumbai: SBI Life-owned smallcap NBFC (non-banking financial company) Paisalo Digital Ltd shared an important update in its latest exchange filing after market hours on Friday. The company informed that the Operations and Finance Committee of its Board of Directors will meet on March 11, 2026. During the meeting, the committee will consider and may approve a proposal to raise funds through the issuance of non-convertible debentures (NCDs) via private placement. Paisalo Digital Share Price Movement The stock opened at Rs 32.95 on the BSE, compared to the previous closing price of Rs 33.42. During the session, the share touched an…

Read More

09

Mar

By The Press Editor

0 Comments

Business

Stock under Rs 200 opens in green as promoter buys 1 lakh shares, check full details here

Mumbai: Shares of basmati rice exporting company GRM Overseas Ltd opened in the green on Monday after a promoter purchase was disclosed in a recent exchange filing. In its filing dated Saturday, March 7, the company said that Atul Garg, one of its promoters, purchased 100,000 equity shares of the company on March 5, 2026. Each share has a face value of Rs 2. The company also submitted the required details of this transaction to the stock exchange in the prescribed format. GRM Overseas Share Price The company’s stock opened at Rs 160.95 on the BSE on Monday, up 1.35…

Read More

09

Mar

By The Press Editor

0 Comments

Business

Gold price falls by Rs 1,800 per 10 grams on MCX, silver drops over 2% | Check city-wise rates

Mumbai: Rates of precious metals in futures trade lower on Monday, March 9, 2026, amid a stronger US dollar, as the metal has entered a corrective phase. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 983 or 0.60 per cent at Rs 1,60,651 per 10 grams against the previous close of Rs 1,61,634. It later fell to touch the low of Rs 1,59,826, a dip of Rs 1,808 or 1.11 per cent. Last seen, it was trading at Rs 1,60,378 with a fall of Rs 1,256 or 0.78 per cent. On…

Read More

09

Mar

By The Press Editor

0 Comments

Business

IOC Dividend 2026: Last few days to buys this PSU stock to be eligible for corporate action, check record date

Mumbai: Shares of state-owned Indian Oil Corporation (IOC) will be on investors' radar who want to earn additional profit from their investment amid extreme volatility in the stock market, amid persistent geopolitical tensions in the Middle East that keep crude oil prices elevated, and a fragile global risk sentiment. Indian equity witnessed sustained selling pressure in the week ended March 6, 2026. The Nifty 50 closed the final session at 24,450 (down 2.9 per cent for the week), the Sensex settled at 78,919 (also down 2.9 per cent week-on-week). Similarly, the Bank Nifty ended near 57,783 (down 4.5 per cent),…

Read More

09

Mar

By The Press Editor

0 Comments

Business

Market Opening Bell: Dalal Street bleeds as crude oil prices surpass USD 100 a barrel

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, fell on Monday, March 9, 2026, amid weak global cues as crude oil prices surpassed USD 100 a barrel, as the expanding US-Israeli war with Iran has forced some major Middle Eastern oil producers to cut supplies. While the 30-share BSE Sensex dipped 1,862.15 points to start the session at 77,056.75, the Nifty shed 582.4 points to open at 23,868.05. In the last trading session, the Sensex closed at 78,918.90 and the Nifty 50 at 24,450.45. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap…

Read More

07

Mar

By The Press Editor

0 Comments

Business

LPG price hike: Domestic cylinders costlier by Rs 60, commercial rates up by Rs 115 across country

New Delhi: Household budgets are set to feel the heat as the price of domestic LPG cylinders has been increased across the country with effect from Saturday (March 7). The price of a standard 14.2 kg cooking gas cylinder has gone up by Rs 60 nationwide. The hike also extends to commercial LPG cylinders, which have become costlier by Rs 115, news agency ANI reported citing sources. The revised rates are applicable immediately and will affect both household consumers and businesses that rely on LPG for daily operations. Revised domestic LPG prices in major cities With the latest revision, the…

Read More