Business

09

Jun

By The Press Editor

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Business

NLC India OFS now open for subscription at discount of 9.73%, check floor price and other details | Markets

Mumbai: The government is selling its 3 per cent stake in NLC India Limited, a public sector company engaged in lignite mining and power generation, through an offer for sale (OFS) at a price of Rs 303 per share. The offer for sale opened for non-retail investors today, i.e. on June 9 and has witnessed a strong participation. Non-retail investors bid for over 3.18 lakh shares, representing 127.62 per cent of the 2.49 crore shares reserved for them, at an indicative price of Rs 307.16 a share. Bidding will continue until the close of market hours. The OFS will be…

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09

Jun

By The Press Editor

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Business

Gold holds steady at Rs 1.54 lakh per 10 grams on MCX, silver remains volatile | Check city-wise rates | Markets

Mumbai: Rates of precious metals in futures opened lower on Tuesday, June 9, 2026, as investors remained cautious amid ongoing volatility. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 387 or 0.25 per cent at Rs 1,54,397 per 10 grams against the previous close of Rs 1,54,784. It fell a bit further to touch an intraday low of Rs 1,54,396, a fall of Rs 388 or 0.25 per cent. However, it witnessed some buying at these levels and gained to touch an intraday high of Rs 1,55,400, representing a surge of…

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09

Jun

By The Press Editor

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Business

Nitin Gadkari witnesses Zojila Tunnel breakthrough at an altitude of 11,578 feet | Business

New Delhi: Today marks a milestone in the history of Indian engineering marvels by connecting two ends of the 13-kilometre-long main section of the Zojila Tunnel, making it the world's longest single-tube bi-directional bypass built at record height. The tunnel, 9.5 metres wide, 7.57 metres high, and 13.153 km long, is a horseshoe-shaped tunnel built at an elevation of around 11,578 feet above sea level. The breakthrough blast was witnessed by Union Minister for Road Transport and Highways Nitin Gadkari. This achievement not only demonstrates the indomitable courage of Indian engineers but also marks the beginning of a new era…

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09

Jun

By The Press Editor

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Business

Vodafone Idea Share Price: Stock trades close to 52-week high after relief from Bombay High Court | Markets

Mumbai: Shares of telecom operator Vodafone Idea (Vi) surged over 3 per cent to trade near its 52-week high after a relief by the Bombay High Court. The court has quashed the Centre's 2012 decision to impose a one-time spectrum charge on telecom companies. Following this development, the stock opened higher at Rs 14.81 on the BSE, up from the previous close of Rs 14.28. It surged further to touch the intraday high of Rs 14.90, representing a gain of Rs 0.52 or 3.61 per cent from the last closing price. This is just 4.23 per cent away from the…

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09

Jun

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty open on positive note as Middle East tensions ease | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened the trading session on a strong note on June 9, 2026, amid easing tensions in the Middle East. While the 30-share BSE Sensex jumped 511 points or 0.69 per cent to start the session at 74,035.41, the Nifty gained 136.05 points to open at 23,259.05. In the last trading session, the Sensex closed at 73,524.26 and the Nifty 50 at 23,123. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index was up 114.62 points, the BSE Smallcap Select Index gained 59.79…

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09

Jun

By The Press Editor

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Business

Defence stock in focus as company secures trading approval for new equity shares, check details | Markets

Mumbai: Shares of Apollo Micro Systems, which offers technology-based solutions in sectors such as infrastructure, transportation, aerospace, and defence, will be in focus during today's trading session, as the company has informed exchanges of two major developments regarding its equity share capital. According to the information shared, the company has received formal trading approvals from both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for 13,000 equity shares of face value Re 1 each. These shares were previously issued and allotted on a preferential basis to non-promoter investors pursuant to the conversion of warrants. The company…

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08

Jun

By The Press Editor

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Business

Govt cuts subsidised LPG cylinders for Ujjwala beneficiaries: Here’s how many refill they will get now | Business

New Delhi: The government has reduced the annual limit of subsidised LPG cylinders under the 'Pradhan Mantri Ujjwala Yojana' (PMUY) from 9 to 4. A senior government official on Monday said that this change was made keeping average household consumption in mind.  Under the scheme, launched in 2016, beneficiaries were initially entitled to 12 subsidised 14.2 kg cylinders per year. However, the number of subsidised cylinders was reduced from 12 to 9 last year, and has now been further lowered to 4. Subsidy of Rs 300 per cylinder At a news briefing, Praveen Mal Khanooja, Additional Secretary in the Ministry…

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08

Jun

By The Press Editor

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Business

Jan Dhan accounts cross 58 crore mark: Do you know the facilities available with these accounts? | Business

New Delhi: The Pradhan Mantri Jan Dhan Yojana (PMJDY), which has become the nation's biggest symbol of financial revolution, has achieved a new milestone. Union Finance Minister Nirmala Sitharaman announced on Monday that the country's Jan Dhan accounts have crossed the 580 million (58 crore) mark. According to information shared by the Finance Minister's office on the social media platform 'X', these accounts have not only connected crores of underprivileged Indians to the country's formal banking system but have also positioned India as a role model in the fight against poverty and deprivation globally. 94% of adults now have their…

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08

Jun

By The Press Editor

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Business

SBI vs PNB vs Canara: Which PSU bank is offering the highest interest on 2-year fixed deposit? | Personal-finance

New Delhi: Even today, millions of Indian investors consider fixed deposits (FDs) the most reliable option for safe, guaranteed returns. Especially when it comes to public sector banks, everyone from senior citizens to working professionals prefers to deposit their hard-earned money in their lockers. Punjab National Bank (PNB) recently revised its interest rates for the first time in June 2026, changing the entire FD equation. If you're thinking of investing your savings for the next two years and are wondering which of the country's three largest public sector banks - State Bank of India, Punjab National Bank, and Canara Bank-…

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08

Jun

By The Press Editor

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Business

Market Closing Bell: Sensex tumbles 719 points, Nifty near 23,100 as crude oil rises | Markets

Mumbai: Benchmark indices Sensex and Nifty ended the session lower on Monday, June 8, 2026, as international crude oil prices rose more than 4.8 per cent, trading above the USD 94 per barrel mark. The 30-share BSE Sensex dropped 719.08 points or 0.97 per cent, to settle at 73,524.26. The 50-share NSE Nifty slipped 243.70 points, or 1.04 per cent, to end at 23,123. During the day, the BSE hit a high of 73,934.35 and a low of 73,318.94, gyrating 615.42 points. The Nifty 50 recovered a bit from its intraday lows of 23,070, but failed to sustain momentum in…

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