Business

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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04

Mar

By The Press Editor

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Business

Faridabad to Jewar Airport in just 20 minutes: 31km greenfield expressway to boost connectivity, check details

Noida: Reaching Noida International Airport, also known as Jewar Airport, from Faridabad will soon become significantly easier. A 31-kilometre-long, six-lane Greenfield Expressway is being rapidly constructed to connect Smart City Faridabad with the airport. Once completed, the travel time between Faridabad and Jewar is expected to reduce to just 15–20 minutes. The expressway is being developed as a six-lane corridor, expandable to eight lanes in the future. It will directly connect Faridabad’s industrial area to the airport, improving regional connectivity. The project will begin at the Delhi-Mumbai Expressway Link Road (Sector 65) in Faridabad and terminate at Dayanatpur village near…

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04

Mar

By The Press Editor

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Business

HDFC Bank customers alert: UPI-based ATM withdrawal rules set to be changed from April 2026 – Details

New Delhi: The country’s largest private sector lender, HDFC Bank, has announced an important change regarding Unified Payments Interface (UPI)-based cash withdrawals at its ATMs. As per the latest update, cash withdrawals made using UPI at HDFC Bank ATMs will now be included in the customer’s monthly free ATM transaction limit. Once the free limit is exhausted, UPI-based withdrawals will attract the same charges applicable to regular ATM transactions. New Rule Effective from April 1, 2026 The revised rule will come into effect from April 1, 2026. From this date, UPI cash withdrawals at HDFC Bank ATMs will be treated…

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04

Mar

By The Press Editor

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Business

Defence stock trades in green amid bloodbath on Dalal street, check share price and other details

Mumbai: Shares of Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, traded in green on Wednesday even as benchmark equity indices Sensex and Nifty tumbled in early trade, tracking a bearish trend in Asian markets, as the conflict in West Asia widened, driving oil prices higher. The stock opened in the red at Rs 213.95 against the previous close of Rs 214.15 on the BSE. It later fell further to touch the intraday low of Rs 202.5, a drop of 5.44 per cent from the last closing price. However, it rebounded to touch…

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04

Mar

By The Press Editor

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Business

Gold gains on MCX, silver too jumps amid ongoing US-Iran war | Check city-wise rates

Mumbai: Rates of precious metals in futures trade edged higher on Wednesday, March 4, 2026, as the conflict in West Asia widened. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 2,157 or 1.33 per cent at Rs 1,63,265 per 10 grams against the previous close of Rs 1,61,108. It later jumped to hit the high of Rs 1,63,800, a gain of Rs 2,692 or 1.67 per cent.   On the MCX, the yellow metal futures for June 2026 were up by Rs 1,987 or 1.20 per cent to trade at Rs 1,67,200…

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04

Mar

By The Press Editor

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Business

Holi-to-Holi multibagger: This stock has given 217.92% return in 1 year, check full details

Mumbai: Several stocks have delivered multibagger returns despite market volatility over the past year. But there are a few that have given over 200 per cent return from last Holi. One such stock is Spice Lounge Food Works. According to BSE Analytics, the stock has given a return of 217.92 per cent in one year. Last year, Holi was on March 14, and therefore, it has given a return of around 200 per cent from the last festival to this one. In two years and three years, the scrip has gained 631.22 per cent and 608.75 respectively. In five years,…

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04

Mar

By The Press Editor

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Business

Bank holiday today: Banks in these cities to remain closed for Holi, Dhuleti, Dol Jatra – Check RBI list

New Delhi: People across India are celebrating Holi today, and many customers may assume that banks will remain closed in their cities. However, bank closures vary by region. Some banks were closed yesterday, March 3, 2026, and are open today. In certain cities, banks will remain closed on both days due to Holi-related celebrations. According to the Reserve Bank of India (RBI) holiday list, banks are closed on Wednesday, March 4, 2026, on account of Holi (2nd Day), Dhuleti, Dol Jatra, and Yaosang 2nd Day. RBI Bank Holiday List: Cities in which banks will remain closed on March 4 Banks…

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04

Mar

By The Press Editor

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Business

Rupee slumps to all-time low of 92.18 against US dollar amid worries over widening war

Mumbai: The Indian rupee slumped 69 paise to an all-time low of 92.18 against the US dollar in early trade on Wednesday. The sharp fall comes amid a sharp spike in crude oil prices amid geopolitical tensions following the escalation of the US–Iran conflict, which weighed on investor sentiment. According to forex traders, the domestic currency is under severe pressure due to a sharp spike in crude oil prices, with Brent Crude crossing the USD 82 per barrel level in futures trade in the wake of the Iran crisis, which dented investor sentiments. "USD/INR continues to move in a strong…

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04

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex tanks 1,700 points, Nifty below 24,400 as oil surges amid US-Iran war

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, tanked on Tuesday, March 4, 2026, amid weak global cues on escalating US-Iran tensions and a surge in oil prices. While the 30-share BSE Sensex fell 1,710.03 points to start the session at 78,528.82, the Nifty shed 476.9 points to open at 24,388.80. In the last trading session, the Sensex closed at 80,238.85 and the Nifty 50 at 24,865.70. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index dropped 283.39 points, or 1.72 per cent, in the early trading session, the BSE…

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03

Mar

By The Press Editor

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Business

Reserve Bank of India shares update on Rs 2,000 banknotes, check full details

New Delhi: The Reserve Bank of India (RBI) has shared some updates regarding Rs 2,000 notes, which were introduced after the demonetisation of Rs 500 and Rs 1000 notes. According to the central bank, 98.44 per cent of the Rs 2,000 banknotes in circulation have been returned. It must be noted that the RBI announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023 and asked people to exchange or deposit these notes in the banks.  Total value declined to Rs 5,551 crore The total value of Rs 2,000 banknotes in circulation has declined to Rs…

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