Business

12

Jun

By The Press Editor

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Business

Gold witnesses strong recovery on MCX, jumps over 1.5 lakh per 10 grams, silver too shines | Check city-wise rates | Markets

Mumbai: Rates of precious metals in futures witnessed a strong recovery after US President Donald Trump signalled a diplomatic breakthrough with Iran and called off planned military strikes. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,663 or 1.11 per cent at Rs 1,50,595 per 10 grams against the previous close of Rs 1,48,932. It jumped further to touch an intraday high of Rs 1,50,600, a gain of Rs 1,668, or 1.11 per cent. Last seen, it was trading at Rs 1,49,705, down Rs 773, or 0.52 per cent.  On the MCX,…

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12

Jun

By The Press Editor

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Business

Spacex IPO raises USD 75 billion, makes Elon Musk world’s first trillionaire | Business

New Delhi: Elon Musk's company, SpaceX, has created history by launching the world's largest IPO. With the launch of this IPO, Musk has become the world's first trillionaire. Notably, only about 20 countries in the world have a GDP (Gross Domestic Product) exceeding USD 1 trillion. The SpaceX IPO raised USD 75 billion, surpassing the record of USD 29.4 billion set by Saudi Aramco in 2019. SpaceX has issued 555.6 million shares at a price of USD 135 per share.  SpaceX's valuation has reached USD 1.77 trillion  Based on the IPO price, SpaceX's market cap is estimated at USD 1.77…

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12

Jun

By The Press Editor

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Business

Hexagon Nutrition IPO Listing Highlights: Shares list at premium of 7% over issue price | Markets

Mumbai: Shares of Hexagon Nutrition Ltd, which received a good response from investors during the three-day subscription window, made a positive debut on the bourses today, i.e. on June 12, 2026,  listing at a premium of 7.22 per cent over the issue price of Rs 45. The stock began trading at Rs 48.25, up 7.22 per cent from the issue price on the BSE. On the National Stock Exchange (NSE), the shares listed at Rs 45 apiece, a premium of 6.67 per cent. The Rs 139-crore IPO, with a price band of Rs 42-45 per equity share, was overall subscribed…

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12

Jun

By The Press Editor

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Business

Market Opening Bell: Sensex surges 876 points, Nifty reclaims 23,400 as Trump signals diplomatic breakthrough with Iran | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a strong positive note on June 12, 2026, as President Donald Trump signalled a diplomatic breakthrough with Iran and called off planned military strikes. While the 30-share BSE Sensex surged 876.72 points or 1.18 per cent to start the session at 74,709.27, the Nifty jumped 250.95 points to open at 23,412.55. In the last trading session, the Sensex closed at 73,832.55 and the Nifty 50 at 23,161.60. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index was…

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12

Jun

By The Press Editor

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Business

Govt bars industrial, commercial users from buying bulk petrol, diesel through retail fuel pumps | Business

New Delhi: The government has barred industrial, commercial and institutional users from buying petrol and diesel in bulk from retail outlets. According to an official order, the restriction will be in place for up to 90 days and has been imposed after some retail outlets reported abnormal demand growth, particularly for diesel. According to reports, the surge in demand from bulk users came due to the pricing difference. While diesel at petrol pumps costs Rs 95.20 a litre in Delhi, bulk sales are priced at Rs 134.50. The government has asked these buyers to source their requirements from bulk sale…

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11

Jun

By The Press Editor

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Business

When will new IRCTC website be launched? Railway Minister Ashwini Vaishnaw reveals date | Business

New Delhi: Indian Railways is set to take a major step towards modernising its digital ticket booking system, with Union Railway Minister Ashwini Vaishnaw announcing that a new, improved IRCTC website will be launched by July 15 of this year. The announcement came in response to a request from students, who complained to the Union Minister about the IRCTC website and the inconveniences they face while booking tickets during an event in Rajasthan. It is expected that the new IRCTC website will be developed with current requirements in mind to ensure a better experience for passengers while booking tickets. The…

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11

Jun

By The Press Editor

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Business

India, Nepal launch UPI-based cross-border money transfer system: How can users send funds instantly? | Business

New Delhi: In a significant step towards strengthening digital connectivity and financial integration, India and Nepal have launched a UPI-based cross-border money transfer system, allowing people in both countries to send and receive money instantly through mobile applications and digital wallets. The Ministry of Finance announced on Thursday that the new Person-to-Person (P2P) cross-border remittance facility became operational on June 6. The initiative is aimed at making payments and money transfers easier for people living near the India-Nepal border, business communities and travellers moving between the two countries. Instant money transfers facility The newly launched system establishes a direct connection…

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11

Jun

By The Press Editor

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Business

Indian Overseas Bank increases non-callable FD interest rates by 10 basis points on these tenures: Details | Personal-finance

New Delhi: Even as the Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25 per cent amid the West Asia conflict, public sector bank Indian Overseas Bank (IOB) has announced an upward revision in interest rates for its domestic non-callable fixed deposits (FDs). According to the information shared, the decision was finalised during the bank's recent Asset-Liability Committee (ALCO) meeting to align with changing market conditions. The new rates will take effect immediately, from today, June 11, 2026, and will apply to select medium-term tenures, including the popular 444-day period. What is a non-callable fixed deposit?…

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11

Jun

By The Press Editor

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Business

Beyond shopping cart: From AI workshops to summer camps, what’s driving modern consumers to malls | Business

New Delhi: The new mall consumer no longer sees malls as places meant solely for shopping. Increasingly, families are choosing destinations that offer a combination of retail, entertainment, learning and shared experiences, reflecting a broader shift in consumption patterns across urban India. As consumer expectations evolve, experts believe the definition of a successful mall visit is also changing. Parents are actively seeking engaging environments where children can learn new skills, participate in interactive activities and spend quality time away from screens, while adults look for dining, leisure and shopping options within the same destination. This shift is encouraging malls to…

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11

Jun

By The Press Editor

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Business

Jammu-Srinagar Vande Bharat Express train gets one more stoppage: Details | Business

Srinagar: Union Railway Minister Ashwini Vaishnaw on Wednesday announced the introduction of a commercial stoppage for the Jammu-Srinagar Vande Bharat Express train at Anantnag. The Vande Bharat Express, running between Jammu Tawi and Srinagar, currently stops at Shaheed Captain Tushar Mahajan (Udhampur), Shri Mata Vaishno Devi Katra, Reasi, and Banihal railway stations. This premium train will now depart from Banihal and reach Srinagar via Anantnag railway station. The Jammu-Srinagar Vande Bharat Express passes over the world's highest rail bridge, the Chenab Bridge. Decision was taken in a meeting with Chief Minister Omar Abdullah In an effort to strengthen regional connectivity,…

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