Business

04

Jun

By The Press Editor

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Business

CMR Green Technologies IPO booked nearly 9.57x so far, here’s what latest GMP suggests | Markets

Mumbai: The initial public offering (IPO) of CMR Green Technologies, a non-ferrous metal recycler, has received a strong response from investors on the second day of bidding, with the issue subscribed 9.57 times so far. According to data available on the National Stock Exchange (NSE), the Rs 630.62-crore IPO received bids for 22,05,84,078 shares against 2,30,43,930 shares on offer, translating into 9.57 times subscription. The category for non-institutional investors fetched 21.76 times subscription, while the quota for retail individual investors (RIIs) subscribed 7.88 times. The portion for qualified institutional buyers (QIBs) attracted 3.45 per cent bidding. Raises Rs 188.44 crore…

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04

Jun

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Business

Market Closing Bell: Sensex, Nifty advance marginally to end volatile session in green ahead of RBI MPC outcome | Markets

Mumbai: Benchmark indices Sensex and Nifty delivered a decent recovery to end the session with a slight gain on Thursday. The market started the session under pressure amid weak global cues, elevated crude oil prices, persistent selling by foreign institutional investors (FIIs) and continuous geopolitical tensions in the Middle East. However, the profit booking stopped, allowing both the Nifty and Sensex to recover sharply from the day's lows. The 30-share BSE Sensex gained 13.84 points or 0.02 per cent, to settle at 74,360.01. The 50-share NSE Nifty added 10.95 points, or 0.05 per cent to end at 23,416.55. During the…

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04

Jun

By The Press Editor

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Business

Zojila Tunnel, linking J&K with Ladakh, set to achieve a major milestone on June 9 | Markets

New Delhi: Zojila Tunnel, a strategically significant 13.15-kilometre tunnel linking Jammu and Kashmir with Ladakh, is set to achieve a major milestone on June 9 as Union Road Transport and Highways Minister Nitin Gadkari is scheduled to trigger the breakthrough blast. On this day, the teams excavating at both ends of the tunnel will meet. With this, one of India's most ambitious road projects will move toward creating history.  Rising at an altitude of 11,578 feet and unfolding across over 30 kilometres, the project is on track for a 2028 completion. Upon completion, the tunnel will become the world's longest…

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04

Jun

By The Press Editor

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Business

Gold gains on MCX, silver at Rs 2.63 lakh per kg | Check city-wise rates | Markets

Mumbai: Gold Price Today, Gold MCX Rate: Rates of precious metals in futures rebounded on Thursday, June 4, 2026, as crude oil prices remained steady at around USD 94-96. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,175 or 0.76 per cent at Rs 1,55,507 per 10 grams against the previous close of Rs 1,54,332. It gained further to touch an intraday high of Rs 1,55,628, a jump of Rs 1,296 or 0.83 per cent. Last seen, it was trading at Rs 1,55,595 with a gain of Rs 1,263 or 0.82…

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04

Jun

By The Press Editor

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Business

Rajesh Exports Share Price: Stock hits lower circuit after Sebi’s action, check full details | Markets

Mumbai: Shares of Rajesh Exports, which deals in gems and jewellery, fell 5 per cent to hit the lower circuit on Thursday, June 4, 2026, after Sebi barred the firm's promoter and CEO Rajesh Mehta from dealing in the company's securities. The capital markets regulator took this action, alleging large-scale misrepresentation of financial statements and diversion of funds.

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04

Jun

By The Press Editor

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Business

Market Opening Bell: Sensex drops 410 points, Nifty below 23,300 – What’s behind this fall? | Markets

Mumbai: Sensex, Nifty Today: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a weak note on June 2, 2026, amid weak global cues. While the 30-share BSE Sensex fell 410.34 points or 0.55 per cent to start the session at 73,935.83, the Nifty shed 123.15 points to open at 23,282.45. In the last trading session, the Sensex closed at 74,346.17 and the Nifty 50 at 23,405.60. However, the broader indices traded mixed in the opening session. While the BSE Midcap Select Index was up by 15.05 points, the BSE Smallcap Select Index dipped 15.69 points…

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04

Jun

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Business

Real estate stock in focus as company approves Rs 1,000 crore fundraise, here’s how | Markets

Mumbai: Shares of Indiabulls Ltd, which is engaged in real estate and financial services, will be in focus during today's trading session, as the company has informed exchanges that its board of directors has considered and approved a proposal to raise Rs 1,000 crore. The stock has been gaining over the last four days, rising 21.41 per cent during this period. In yesterday's volatile session, the stock surged nearly 5 per cent to end at Rs 24.27, a fresh 52-week high. The stock has a 52-week low of Rs 8.93, touched on February 25, 2026. Currently, the stock is trading…

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03

Jun

By The Press Editor

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Business

Cabinet approves 144-km Khagaria-Purnia highway project: Check which Bihar districts to benefit | Business

New Delhi: The Union Cabinet has approved the upgradation of the Khagaria–Purnia section of NH-31 and NH-231 in Bihar into a four-lane highway. The 143.529-km project will be developed under the Build-Operate-Transfer (BOT) toll model at an estimated cost of Rs 3,936.05 crore. According to the Cabinet Committee on Economic Affairs (CCEA), the project will help address key transportation challenges such as road bottlenecks, sharp curves, and traffic congestion in urban areas across the districts of Khagaria, Bhagalpur, Katihar, and Purnia. A new 6.729-km bypass will also be constructed to ease traffic movement around Purnia city. Khagaria-Purnia travel time to…

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03

Jun

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Business

From TCS to Infosys, these IT stocks fall up to 7% after largest single-day rally | Markets

Mumbai: Equity benchmark indices Sensex and Nifty crashed on Wednesday, June 3, 2026, as investors turned cautious amid uncertainty related to US–Iran negotiations. The 30-share BSE Sensex tanked 889 points, or 1.19 per cent, to 73,759.94 in early trade. The 50-share NSE Nifty dropped 239.1 points, or 1.01 per cent, to 23,244.45. Tata Consultancy Services, Tech Mahindra, Infosys, HCL Tech, ITC and Eternal were among the biggest laggards in the 30-Sensex firms. IT stocks fell sharply amid profit-taking after rallying in the past few days. The index had surged over 4 per cent on Tuesday, marking its largest single-day rally…

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03

Jun

By The Press Editor

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Business

CMR Green Technologies IPO now open for subscription, here’s what latest GMP suggests | Markets

Mumbai: The initial public offering (IPO) of CMR Green Technologies, a non-ferrous metal recycler, is now open for subscription. The three-day subscription window of the public issue, which is entirely an offer for sale (OFS), will end on June 5, 2026.  Ahead of the IPO subscription opening, the company said that it garnered Rs 188.44 crore from anchor investors ahead of its initial public offering (IPO). According to a circular uploaded on the BSE website, SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, Kotak Mutual Fund, and Goldman Sachs were among the biggest anchor investors. …

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