Business

24

Sep

By The Press Editor

Business

As India’s commercial real estate enters new growth cycle, here’s what will drive demand

India’s commercial real estate market is entering a phase where demand is spreading beyond traditional office centres. The first half of 2026 saw office absorption reach a record 45.5 million sq ft, the highest for any half-year, with 24.6 million sq ft taken up in the second quarter alone, according to CBRE. New supply also reached a record 32 million sq ft in H1, pointing to the scale at which developers and occupiers are now operating. GCC expansion and technology hubs Global Capability Centres (GCCs) remain one of the strongest demand drivers. They accounted for 46 per cent of Grade…

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24

Sep

By The Press Editor

Business

Sensex slumps 1,248 points, Nifty below 23,100, Bajaj Finance, Axis Bank among major losers

Benchmark indices Sensex and Nifty ended sharply lower on Thursday amid rising bond yields and a rebound in crude oil prices, reflecting heightened global macroeconomic risks. The 30-share BSE Sensex slumped 1,247.71 points or 1.67 per cent to settle at 73,580.54. During the day, the benchmark hit a high of 74,362.29 and a low of 73,563.92, gyrating 798.37 points. The 50-share NSE Nifty ended with a drop of 383.70 points or 1.64 per cent and closed the session at 23,063.10. Similarly, the broader market closed lower. While the BSE MidCap Select Index shed 584.33 points or 3.12 per cent, the…

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24

Sep

By The Press Editor

Business

FMCG stock hits 5% upper circuit again, gains over 23% in 5 days, here’s what’s fueling the rally

Shares of FMCG company Elitecon International are locked in a 5 per cent upper circuit on a day when benchmark indices Sensex and Nifty tumbled over 1.50 per cent as crude oil prices surged above the USD 100 per barrel mark. Selling in banks and NBFC stocks, along with weak trends in global markets, also dented market sentiment. The 30-share BSE Sensex tanked 1,119.97 points to 73,708.28, and the 50-share NSE Nifty dropped 368.45 points to 23,078.35. Amid this weakness, the stock opened in the green at Rs 9.35, up from the previous close of Rs 9.14 on the BSE.…

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24

Sep

By The Press Editor

Business

Stock under Rs 100 in focus as company to reinvest majority of proceeds collected from sale of equity shares

Shares of Lord's Mark Industries Ltd, a diversified healthcare and technology-led group, are on investors' radar after the company shared details of reinvesting funds from the sale of equity shares to expand its medical device unit. The stock began the trading session in the red as benchmark indices Sensex and Nifty tumbled in early trade as crude oil prices surged above the USD 100 per barrel mark. The stock opened at Rs 95.30 on the BSE, down from the previous close of Rs 96.26. However, it later gained to touch an intraday high of Rs 97.25, up Rs 0.99, or…

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24

Sep

By The Press Editor

Business

Adani Group to invest over Rs 1 lakh crore in West Bengal by 2035, to build 2,000-bed hospital

Adani Group Chairman Gautam Adani has announced that his conglomerate would invest more than Rs 1 lakh crore in West Bengal by 2035. Adani today laid the foundation stone for the 2,000-bed super-speciality hospital, 'Adani Arogya Mandir', in Kolkata's New Town area with West Bengal Chief Minister Suvendu Adhikari. After laying the foundation, Adani said the group would spend Rs 4,000 crore on the multi-speciality 'Adani Arogya Mandir' and create 10,000 jobs.  Adani Arogya Mandir  The Adani Group will spend Rs 4,000 crore to build this super-speciality hospital. The project will create approximately 10,000 new jobs and employment opportunities, significantly…

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24

Sep

By The Press Editor

Business

Jewellery stock trades 1.5% away from 52-week high as company shares details on settling debt with lender

Shares of PC Jeweller, one of the country's leading jewellery firms, traded close to the 52-week high even as benchmark indices Sensex and Nifty tumbled in early trade as crude oil prices surged above the USD 100 per barrel mark. Selling in banks and NBFC stocks, along with weak trends in global markets, also dented market sentiment. Despite this, the stock opened with a slight gain at Rs 14.50 against the previous close of Rs 14.49 on the BSE. The counter gained to touch the intraday high of Rs 14.64, representing a jump of Rs 0.16 or 1.10 per cent.…

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24

Sep

By The Press Editor

Business

NSE IPO Listing Highlights: Shares list at a premium of 0.84% over issue price, gain post-debut

Shares of the National Stock Exchange of India (NSE) made a muted debut on the BSE today. The Rs 22,569-crore initial public offering of the exchange received nearly 6 times subscription on Monday's final day. According to data available on the BSE, India's second-largest public issue, after Hyundai Motor India, received bids for 50.58 crore shares against 8.86 crore shares on offer, for a 5.71-times subscription. The Qualified Institutional Buyers (QIB) category garnered 12.68 times subscription, while the non-institutional investors portion was subscribed 6.55 times. The retail investors' portion was booked 1.39 times. Ahead of the listing, the grey market premium…

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24

Sep

By The Press Editor

Business

24 September, 2026 Stock Market Updates: Sensex, tumbles 555 points, Nifty near 23,200 as crude prices jump

India's equity benchmark indices, the Sensex and Nifty, tumbled in early trading on Thursday amid weak global cues after Brent crude spiked above USD 102 and the US 10-year bond yield rose to 5.11 per cent. While the 30-share BSE Sensex shed 555.85 points or 0.74  per cent to start the session at 74,272.40, the Nifty fell 225 points to open at 23,221.80. In the last trading session, the Sensex closed at 74,828.25 and the Nifty 50 at 23,329. Similarly, the broader indices traded in the red in the early trading session. While the BSE Midcap Select Index fell by…

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24

Sep

By The Press Editor

Business

Central government employees, pensioners to get this month’s salary on September 25, here’s why

Salaries and pensions for all central government employees and pensioners will be credited in advance this month. According to the government, September salaries and pensions for the month of September, which are typically released at the end of the month, will be released on September 25, 2026. The decision has been taken in light of the proposed three-day bank strike called by the United Forum of Bank Unions (UFBU) from September 28 to September 30, the Finance Ministry said. The strike, if it materialises, would coincide with the half-yearly closing of the banking sector. Banking transactions are expected to be…

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23

Sep

By The Press Editor

Business

BHIM introduces MyUPI: From autopay mandate management to tracking payments, know what all it can do

NPCI BHIM Services Ltd, a wholly owned subsidiary of the National Payments Corporation of India (NPCI), has announced the launch of MyUPI, a conversational AI-powered assistant on the BHIM Payments App. The feature has been launched to provide round-the-clock support for UPI-related needs. The support will be available in multiple languages, making it easier for users to converse in everyday language. According to the platform, the new feature will help users get assistance and take relevant action without having to look across multiple support channels. The feature was launched by NPCI at Global Fintech Fest 2026. Supports 5 languages  MyUPI…

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