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Market Opening Bell: Sensex surges 1,200 points, Nifty reclaims 24,000 as crude oil prices drop on US-Iran deal | Markets
15
Jun
By The Press Editor
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Business

Market Opening Bell: Sensex surges 1,200 points, Nifty reclaims 24,000 as crude oil prices drop on US-Iran deal | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened with a gap-up on June 15, 2026, as the US-Iran peace deal boosted global risk appetite and pushed Brent crude prices below USD 84 in early trade. While the 30-share BSE Sensex surged 1,197.32 points or 1.58 per cent to start the session at 76,725.27, the Nifty gained 361.95 points to open at 23,984.85. In the last trading session, the Sensex closed at 775,527.95 and the Nifty 50 at 23,622.90.ย ย Later, Nifty briefly reclaimed the 24,000 level. Similarly, the broader indices traded in the green in the opening session. While the…
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Pharma stock under Rs 50 to be in focus as company approves allotment of 90,00,000 equity shares: Details | Markets
15
Jun
By The Press Editor
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Business

Pharma stock under Rs 50 to be in focus as company approves allotment of 90,00,000 equity shares: Details | Markets

Mumbai: Shares of speciality chemicals company Sudarshan Pharma Industries Limited will be in focus during today's trading session, i.e. on June 15, 2026, as the company has announced a fresh expansion of its equity base. According to the information shared with exchanges, the company's warrants committee has approved the allotment of 90,00,000 equity shares to prominent individuals within the company's promoter category. These equity shares with a face value of Re 1 each have been cleared at an issue price of Rs 16.983 per share. This includes a premium of 15.983 per share. This transaction is the direct result of…
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Tata Motors in Bengal again? Why the company pulled out of Singur and why the issue is back in focus | Business
12
Jun
By The Press Editor
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Business

Tata Motors in Bengal again? Why the company pulled out of Singur and why the issue is back in focus | Business

New Delhi: With the change of power, West Bengal is experiencing a tectonic shift in its political and administrative landscape. With the end of the 15-year rule of Trinamool Congress, a wave of rapid changes has gripped the state. Amid this, West Bengal Chief Minister Suvendu Adhikari said the Bharatiya Janata Party (BJP) government would bring the Tata Group back in the state. The Chief Minister also accused the previous Left and Trinamool Congress regimes of either forcibly acquiring land or merely indulging in "photo sessions" in the name of industrialisation. Promising to revive West Bengal's industrial fortunes, Adhikari said…
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700% return in 5 years: Logistics stock under Rs 50 ends session in green post this update, details here | Markets
12
Jun
By The Press Editor
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Business

700% return in 5 years: Logistics stock under Rs 50 ends session in green post this update, details here | Markets

Mumbai: Shares of logistics solution provider Sindhu Trade Links ended the session in green today, i.e. on June 12, 2026. The stock has gained after two days of consecutive fall after the company shared details about its upcoming Extraordinary General Meeting (EGM). The company had issued the EGM notice on May 25, 2026, but a corrigendum has now been issued. According to the company, this amendment has been issued to inform shareholders of the changes made to the special resolution contained in the EGM notice. The company stated that a detailed corrigendum and revised EGM notice have been issued to…
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Retail inflation based on CPI accelerates to 3.93% in May amid high food, fuel prices | Business
12
Jun
By The Press Editor
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Business

Retail inflation based on CPI accelerates to 3.93% in May amid high food, fuel prices | Business

New Delhi: Retail inflation accelerated in May to 3.93 per cent compared to 3.48 per cent in the preceding month due to higher food prices. According to official data released on Friday, consumer Price Index-based inflation in the food basket was 4.78 per cent in May, higher than 4.2 per cent in April. Precious metal jewellery, tomato, ginger, raisin (kishmish), and monacca were the five items with the highest inflation. On the other hand, potato, peas, motor car and jeep, cumin (jeera) and 'motor cycle and scooter' were the top five items with low inflation at the All India combined…
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Sensex surges 1,695 points, Nifty tops 23,600 as crude oil drops amid easing Middle East tensions | Markets
12
Jun
By The Press Editor
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Business

Sensex surges 1,695 points, Nifty tops 23,600 as crude oil drops amid easing Middle East tensions | Markets

Mumbai: Benchmark indices Sensex and Nifty ended sharply higher on June 12, tracking a strong global rally as global oil prices fell sharply amid renewed optimism surrounding a potential USโ€“Iran diplomatic breakthrough and reports that President Donald Trump had called off planned military strikes against Iran. The 30-share BSE Sensex surged 1,695.40 points or 2.30 per cent at 75,527.95. During the day, it hit a high of 75,608.02 and a low of 74,453.39, gyrating 1,154.63 points. The 50-share NSE Nifty zoomed 461.30 points or 1.99 per cent to settle at 23,622.90. The broader market outperformed the benchmarks today, with the…
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Tax notices are increasing: Here are some common mistakes that trigger them | Income-tax
12
Jun
By The Press Editor
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Business

Tax notices are increasing: Here are some common mistakes that trigger them | Income-tax

New Delhi: As the Income Tax Department becomes increasingly technology-driven, taxpayers are seeing a rise in tax notices. Advanced data analytics, Artificial Intelligence (AI), and real-time information sharing between financial institutions and tax authorities have made it easier than ever to identify discrepancies in tax returns. While receiving a notice does not always indicate tax evasion, it often points to errors or omissions that could have been avoided.ย  What triggers tax notices One of the most common triggers for tax notices is the mismatch between the income reported in the Income Tax Return (ITR) and the information available in the…
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Airport, industrial parks and GCCs fuel up to 5x rise in property values around Jewar | Business
12
Jun
By The Press Editor
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Business

Airport, industrial parks and GCCs fuel up to 5x rise in property values around Jewar | Business

New Delhi: Cities such as Dubai, Singapore, and Istanbul witnessed sustained economic growth not merely because of enhanced connectivity, but because airports became focal points around which industries, commercial districts, and employment hubs flourished. A similar transformation appears to be unfolding around Jewar. The upcoming Noida International Airport, coupled with the rapid development of industrial parks, logistics hubs, manufacturing clusters, and growing interest from Global Capability Centres (GCCs), is steadily reshaping the economic landscape of the Noida-Greater Noida-Yamuna Expressway region. Together, these developments are expanding the area's appeal beyond real estate, positioning it as an emerging centre for investment, employment,…
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