Business

08

Jun

By The Press Editor

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Business

FD interest rates: From SBI to HDFC, check interest rates offered by banks on fixed deposits | Personal-finance

Mumbai: Amid market volatility, fixed deposits (FDs) remain a good option for investors. The country's banking sector is offering good interest rates on FDs in June 2026. Some banks are offering their customers up to 8.10 per cebt annual interest on FDs. Therefore, it is important to check interest rates across different banks before making a final decision on your fixed deposit. SBI, HDFC Bank, ICICI Bank, and PNB are among the most preferred banks by investors for fixed deposits. However, many private and small finance banks are offering more attractive interest rates than the major banks. Interest rates offered…

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08

Jun

By The Press Editor

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Business

E85 fuel: Why is it Rs 20 cheaper than normal fuel, and can your car use it? Find out here | Business

New Delhi: Amid rising fuel prices in India due to tensions in the Middle East, the government is leaving no stone unturned to reduce dependence on crude oil, most of which is imported. At a time when crude oil prices remained higher, Union Petroleum and Natural Gas Minister Hardeep Singh Puri has launched E85 fuel in Delhi. While the price of normal petrol in the country is above Rs 100 per litre (Rs 102/litre in Delhi), this new E85 fuel has been launched at just Rs 82.12 per litre, which is about Rs 20 per litre cheaper than normal petrol.…

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08

Jun

By The Press Editor

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Business

Metal stock below Rs 50 gains over 4% even as stock markets slump amid weak global cues, here’s why | Markets

Mumbai: Shares of Rathi Steel and Power Ltd gained over 4 per cent on Monday, June 8, 2026, even as the stock market benchmark indices, Sensex and Nifty, tumbled over 1 per cent in early trade amid weak global cues and a fresh spike in crude oil prices due to fresh tensions in the Middle East. The action in the stock comes after the company informed exchanges about the successful trial run for hot charging of mild steel (MS) billets for manufacturing MS TMT rebars. The counter opened in green at Rs 19.60, representing a gain of Rs 0.53 or…

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08

Jun

By The Press Editor

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Business

Gold falls below Rs 1.53 lakh per 10 grams on MCX after Iran, Israel engage in missile attacks | City-wise rates | Markets

Mumbai: Gold Price Today, Gold MCX Rate: Rates of precious metals in futures extended losses on Monday, June 8, 2026, amid renewed hostilities in the Middle East. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 1,417 or 0.91 per cent at Rs 1,54,177 per 10 grams against the previous close of Rs 1,55,594. It dipped further to an intraday low of Rs 1,52,712, down Rs 2,882 or 1.85 per cent. Last seen, it was trading at Rs 1,53,782 with a drop of Rs 1,812 or 1.16 per cent. In between, it…

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08

Jun

By The Press Editor

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Business

Logistics stock to be in focus as company retains investment-grade credit ratings: What does it mean? | Markets

Mumbai: Shares of Tiger Logistics, a global logistics player with expertise in handling domestic and international cargo import and export projects, will be in focus today, i.e., on June 8, 2026, as the company announced it has retained its investment-grade credit ratings from Infomerics amid market volatility and global trade disruption. According to the information shared with exchanges, Infomerics Valuation and Rating Limited has reaffirmed its long-term credit rating of IVR A- and short-term credit rating of IVR A2+ for bank facilities aggregating ₹45 crore. The rating agency has revised the outlook on the company to negative, citing profitability pressures…

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08

Jun

By The Press Editor

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Business

CMR Green Technologies IPO Allotment Status: Check status online on NSE, BSE, KFin Technologies, latest GMP | Markets

Mumbai: The initial public offering (IPO) of CMR Green Technologies Ltd has seen massive demand from investors during the three-day subscription window from June 3 to June 5, 2026. The focus has now shifted to the IPO allotment status of CMR Green Technologies. According to information available, the basis of allotment is expected to be finalised on Monday, June 8. Once the allotment is finalised, the company will credit the equity shares to the demat accounts of eligible investors and initiate refunds to unsuccessful bidders on the same day. The shares are expected to be credited in the accounts on…

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08

Jun

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty tumble over 1% amid weak global cues, IT stocks under pressure | Markets

Mumbai: Sensex, Nifty Today: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a negative note on June 8, 2026 amid weak global cues. While the 30-share BSE Sensex tumbled  821.73 points or 1.10 per cent to start the session at 73,421.61, the Nifty shed 286 points to open at 23,080.70. In the last trading session, the Sensex closed at 74,243.34 and the Nifty 50 at 23,366.70. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index was down by 269.51 points, the BSE Smallcap Select Index dropped…

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06

Jun

By The Press Editor

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Business

Bullet train from Delhi to Siliguri announced, travel time to be reduced to just 6 hours: Check route | Business

New Delhi: Here comes a piece of good news for passengers waiting to travel in bullet trains. Union Railway Minister Ashwini Vaishnaw on Saturday announced a bullet train project for West Bengal, stating that the proposed corridor would connect Delhi and Siliguri via Lucknow, Varanasi and Patna. “A bullet train project will come to West Bengal. It will connect Delhi and Siliguri via Lucknow, Varanasi and Patna. The journey will take only six hours by bullet train," Vaishnaw said. While addressing a gathering at the state Secretariat Nabanna in Kolkata, Vaishnaw stated once the bullet train is commissioned, travel time…

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05

Jun

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Business

Market Closing Bell: Sensex drops 116 points, Nifty ends at 23,366 post RBI MPC’s announcement – Here’s why | Markets

Mumbai: Benchmark indices Sensex and Nifty end the session on a mildly negative note on Friday, June 5, 2026, after the Reserve Bank of India (RBI) delivered a widely expected status quo on interest rates. The 30-share BSE Sensex dropped 116.67 points or 0.16 per cent, to settle at 74,243.34. The 50-share NSE Nifty slipped 49.85 points, or 0.21 per cent, to end at 23,366.70. During the day, the BSE hit a high of 74,717.57 and a low of 73,988.75, gyrating 728.82 points. The RBI has kept its benchmark repo rate unchanged at 5.25 per cent and announced a raft of…

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05

Jun

By The Press Editor

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Business

Maharashtra approves loan waiver, to benefit 56 lakh farmers – What are the conditions for loan waiver? | Business

New Delhi: The Maharashtra government has provided relief to farmers by approving the waiver of agricultural loans up to Rs 2 lakh. The cabinet meeting, chaired by Chief Minister Devendra Fadnavis, approved the 'Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana.' The state government will spend approximately Rs 36,585 crore on this scheme, and approximately 5.6 million farmers are expected to benefit. The government says that more than 6.5 million loan accounts will be covered under this scheme. In addition, special incentives will be provided to farmers who repay their loans on time.  Whose loans will be waived? The government will waive…

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