Business

05

Mar

By The Press Editor

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Business

India, Finland sign landmark migration and mobility pact

New Delhi: India and Finland today signed a comprehensive migration and mobility agreement to connect the innovation ecosystems of both countries. Addressing a joint press briefing with President of Finland, Alexander Stubb. Prime Minister Narendra Modi said that Finland is becoming a preferred destination for Indian students and talent. He further emphasised that the partnership would extend into the entrepreneurial space.  "With this, we are also going to further strengthen joint research and startup collaboration," the Prime Minister added.  Acknowledging Finland's global standing in the academic sector, PM Modi described the country as a "role model in the field of…

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05

Mar

By The Press Editor

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Business

No shortage of LPG, LNG, India looking for alternative markets to buy gas: Govt sources

New Delhi: Australia and Canada have offered to sell gas to India as the country looks for other alternative energy sources amid the escalating West Asia conflict, government sources said on Thursday. The government is scouting for alternative markets to buy gas, as India currently imports 195 million metric standard cubic metres per day (mmscmd) of gas, of which Qatar supplies 60 million mmscmd. India is in talks with major oil producers and traders to buy crude and LPG. Sources said the government is in discussions with the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries…

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05

Mar

By The Press Editor

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Business

NHAI-backed Raajmarg Infra Investment Trust’s Rs 6,000 crore IPO to open on March 11: Check price band and other details

Mumbai: State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) has fixed the price band for its initial public offering (IPO). According to the information available, the price band has been fixed in the range of Rs 99 to Rs 100 per unit for its upcoming Rs 6,000-crore Initial Public Offering (IPO). However, the issue size was planned at around Rs 5,700 at the time of filing draft papers in January. For the uninitiated, the National Highways Authority of India (NHAI) incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment manager for the Raajmarg Infra Investment Trust. Raajmarg Infra Investment…

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05

Mar

By The Press Editor

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Business

Setback for Trump: US judge rules companies entitled to refunds for tariffs

Washington: In a setback for the Trump administration, a federal judge in New York ruled on Wednesday that companies that paid tariffs struck down last month by the Supreme Court are entitled to refunds. Judge Richard Eaton of the US Court of International Trade stated that “all importers of record” are “entitled to benefit” from the Supreme Court ruling that invalidated sweeping double-digit import taxes imposed by President Donald Trump last year under the 1977 International Emergency Economic Powers Act (IEEPA). Supreme Court Declared Tariffs Unconstitutional The Supreme Court ruled that the tariffs were unconstitutional under the emergency powers law.…

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05

Mar

By The Press Editor

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Business

Upper circuit alert: Stock under Rs 100 surges 5% amid heavy trading volume, check details

Mumbai: Shares of Elitecon International Ltd., a cigarette and tobacco product manufacturer, hit the 5 per cent upper circuit on Thursday as stock market benchmark indices Sensex and Nifty bounced back. The stock opened gap up with a gain of 2.42 per cent at Rs 53.80 against the previous close of Rs 52.53 on the BSE. It jumped further to Rs 55.15, to lock in 5 per cent upper circuit. The market cap of the company stood at Rs 8,815.73 crore. The action in the stock comes amid heavy trading activity. According to data available on the BSE, 6,30,444 equity…

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05

Mar

By The Press Editor

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Business

23% YTD return: Logistics stock jumps over 4% as markets bounce back amid positive global cues

Mumbai: Shares of Sindhu Trade Links Ltd, a smallcap company in the logistics sector with a market capitalisation of Rs 3,760.76 crore, witnessed a strong rise on Thursday as markets bounced back amid positive global cues, after facing heavy losses in the past few trading sessions due to the conflict in West Asia. The counter started the trading session in the green at Rs 24.17 against the previous close of Rs 23.30. Last seen, the stock was trading at Rs 24.39 on the BSE, up 4.68 per cent or Rs 1.09. On the National Stock Exchange (NSE), the stock was…

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05

Mar

By The Press Editor

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Business

MCX gold rate falls below Rs 1.61 lakh per 10 gram, silver price drops by over Rs 16,000 from day’s high

Mumbai: Rates of precious metals in futures trade edged higher on Thursday, March 5, 2026, as investors moved toward safe-haven assets amid the US-Israel-Iran war. However, they witnessed profit booking and gave up early gains. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,225 or 0.75 per cent at Rs 1,62,750 per 10 grams against the previous close of Rs 1,61,535. It later jumped to hit the high of Rs 1,63,142, a gain of Rs 1,617 or 1 per cent. However, it witnessed profit booking at higher levels and touched the…

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05

Mar

By The Press Editor

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Business

BSE shares jump 4% after SEBI’s approval to launch derivatives for Sensex Next 30 index

Mumbai: Shares of BSE Ltd jumped over 4 per cent on Thursday, March 5, 2026, after receiving approval from the Securities and Exchange Board of India (SEBI) to launch index derivatives on two new indices. The stock opened at Rs 2,710 against the previous close of Rs 2,626.90 on the National Stock Exchange (NSE). The counter later surged to touch the intraday high of Rs 2,735.50, a gain of 4.13 per cent from the last closing price. In between, it touched a low of Rs 2,656.30. Last seen, the stock was trading at Rs 2,729.30 with a gain of 3.90…

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05

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex jumps 414 points, Nifty above 25,600, Adani Ports top gainer

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, bounced back on Thursday, March 5, 2026, amid positive global cues. While the 30-share BSE Sensex surged 414.29 points to start the session at 79,530.48, the Nifty added 135.45 points to open at 24,615.95. In the last trading session, the Sensex closed at 79,116.19 and the Nifty 50 at 24,480.50. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index jumped 181.76 points, or 1.13 per cent, in the early trading session, the BSE Smallcap Select Index was up by 67.61 points or…

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05

Mar

By The Press Editor

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Business

Omnitech Engineering IPO listing LIVE: Shares to debut on bourses today, check GMP

Mumbai: Shares of Omnitech Engineering Ltd, a manufacturer of precision-engineered components, are set to debut on the bourses on Thursday, March 6, 2026. Earlier, the Rs 583-crore initial public offer (IPO) attracted bids for 2,16,31,632 shares against 1,89,09,890 shares on offer, according to data available with the NSE. The category meant for Qualified Institutional Buyers (QIBs) witnessed strong demand, attracting 2.86 times subscription. The portion reserved for non-institutional investors received 73 per cent subscription, while the Retail Individual Investors (RIIs) quota was subscribed to 33 per cent. Ahead of the IPO, the company had raised over Rs 174 crore from…

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