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Explained: France pulls final remains of gold reserves from US, here’s why it holds significance
07
Apr
By The Press Editor
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Business

Explained: France pulls final remains of gold reserves from US, here’s why it holds significance

New Delhi: The Banque de France (BdF) has pulled all its gold reserves from the United States. According to reports, this gold has been replaced with an equivalent amount in its vaults in Paris. The gold amounted to 129 tonnes - approximately 5 per cent of the total gold stored in the bank - and has resulted in a massive โ‚ฌ12.8 billion (USD 15 billion) capital gain for the central bank. For the uninitiated, France is one of the world's leading holders of gold and has been storing the precious metal with the Federal Reserve Bank of New York since…
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Market Closing Bell: Sensex jumps 509.73 points to settle at 74,616.58, Nifty above 23,100
07
Apr
By The Press Editor
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Business

Market Closing Bell: Sensex jumps 509.73 points to settle at 74,616.58, Nifty above 23,100

Mumbai: Indian benchmark indices rallied for the second consecutive day on Tuesday, April 7, 2026. The market started today's trading in the red, but after 01.30 pm, buying picked up and the market picked up pace. On the second day of the week, on Tuesday, the BSE Sensex closed at 74,616.58 points with a rise of 509.73 points (0.69 per cent). Whereas, NSE's Nifty 50 index added 155.40 points (0.68 per cent) today and closed at 22,968.25 points.ย  Shares of 19 out of 30 companies of the Sensex 30 pack closed in the green, while the stocks of all the…
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Air India revises fuel surcharge, ticket prices to get costlier – Here’s how much you will have to pay extra
07
Apr
By The Press Editor
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Business

Air India revises fuel surcharge, ticket prices to get costlier – Here’s how much you will have to pay extra

Mumbai: Tata Group-owned Air India flights are set to become costlier as the airline announced a change to its fuel surcharge structure, effective from April 8. As a result, tickets of both domestic and international routes will become more expensive. According to the available information, the decision has been taken due to a sharp increase in the prices of jet fuel (ATF) globally. The development comes days after low-cost carrier Indigo started levying revised fuel charges ranging on domestic and international flights from April 2, following the rise in jet fuel prices. How will the fuel surcharge be levied now?…
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Gold below Rs 1.50 lakh per 10 gram, silver too falls on MCX | Check city-wise rates
07
Apr
By The Press Editor
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Business

Gold below Rs 1.50 lakh per 10 gram, silver too falls on MCX | Check city-wise rates

Mumbai: Rates of precious metals in futures opened lower on Tuesday, April 7, 2026, as crude oil prices hit a record high of Rs 10,888 per barrel in futures trade. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 222 or 0.14 per cent at Rs 1,49,759 per 10 grams against the previous close of Rs 1,49,981. It later fell further to hit the low of Rs 1,49,201, a dip of Rs 780 or 0.52 per cent. Last seen, it was trading at Rs 1,49,549 with a fall of Rs 432 or…
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This IT stock continues upward momentum amid volatility as company shares update on acquisition
07
Apr
By The Press Editor
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Business

This IT stock continues upward momentum amid volatility as company shares update on acquisition

Mumbai: Shares of smallcap IT company Blue Cloud Softech Solutions Ltd gained over 8 per cent on Tuesday, even as the market remained volatile. Equity benchmark indices declined as crude oil prices refused to fall amid US President Donald Trump's fresh deadline to Iran. The 30-share BSE Sensex tumbled 824.44 points to 73,282.41 in early trade. The 50-share NSE Nifty dropped 248.95 points to 22,719.30. Amid this, the stock opened in the green at Rs 19.74, up 1.70 per cent from the previous close of Rs 19.41. It further advanced to touch a high of Rs 21.01, representing an 8.24…
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This jewellery stock rises nearly 10% as revenue jumps 32% in Jan-Mar quarter, details here
07
Apr
By The Press Editor
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Business

This jewellery stock rises nearly 10% as revenue jumps 32% in Jan-Mar quarter, details here

Mumbai: Share of Delhi-based PC Jeweller surged nearly 10 per cent on Tuesday after the company said its standalone revenue grew 32 per cent annually during the fourth quarter of the last fiscal year ended March 2026. The stock started the trading session in the green at Rs 8.88, up from the previous close of Rs 8.57 on the BSE. Amid a spurt in trading volume by more than 1.81 times, the counter gained further and touched the high of Rs 9.29, representing a gain of 9.68 per cent from the previous close. Last seen, the stock was trading at…
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Market Opening Bell: Sensex drops 372 points, Nifty holds 22,800 amid mixed global cues
07
Apr
By The Press Editor
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Business

Market Opening Bell: Sensex drops 372 points, Nifty holds 22,800 amid mixed global cues

Mumbai: A day after a positive closing, Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a negative note on Tuesday, amid mixed global cues, following US President Donald Trump's new deadline for Iran. While the 30-share BSE Sensex shed 372.49 points or 0.50 per cent to start the session at 73,734.36, the Nifty fell 129.55 points to open at 22,838.70. In the last trading session, the Sensex closed at 74,106.85 and the Nifty 50 at 22,968.25. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index shed…
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Government doubles allocation of 5kg LPG cylinders for migrant workers in each state
07
Apr
By The Press Editor
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Business

Government doubles allocation of 5kg LPG cylinders for migrant workers in each state

New Delhi: Amid reports of a shortage of LPG cylinders, the Ministry of Petroleum & Natural Gas has announced that the daily quantity of 5kg Free Trade LPG (FTL) cylinders is being doubled across all States and Union Territories. The ministry said that these 5kg FTL cylinders will be made available to migrant workers with theย assistance of oil marketing companies (OMCs). ".. these 5kg FTL cylinders will be at the disposal of the State Government / its Food / Civil Supplies Department for supplying only to migrant laborers in their state with theย assistance of oil marketing companies (OMCs)," the letter…
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RBI shuts down this co-operative bank in Maharashtra – What happens to customers’ money now?
07
Apr
By The Press Editor
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Business

RBI shuts down this co-operative bank in Maharashtra – What happens to customers’ money now?

Mumbai: The Reserve Bank of India (RBI) has continued its actions against co-operative banks, and in this series, it has now cancelled the licence of Shirpur Merchants Co-operative Bank. The central bank took this step as Shirpur Merchants Co-operative Bank does not have adequate capital and earning prospects. The RBI said in a statement on Monday that, as a result of the licence cancellation, Shirpur Merchants Co-operative Bank will cease operations with effect from the close of business on April 6, 2026. The Commissioner for Cooperation, Registrar of Cooperative Societies, Maharashtra, has been requested to issue an order for the…
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Gold, silver rates volatile on MCX as crude oil rises amid tensions in West Asia | Check city-wise rates
06
Apr
By The Press Editor
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Business

Gold, silver rates volatile on MCX as crude oil rises amid tensions in West Asia | Check city-wise rates

Mumbai: Rates of precious metals in futures remained volatile on Monday, April 6, 2026, as Brent crude rose to USD 110.74 a barrel. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 833 or 0.55 per cent at Rs 1,48,847 per 10 grams against the previous close of Rs 1,49,680. It later fell to a low of Rs 1,48,298 but recovered to trade in the green at the time of writing the report. Last seen, it was trading at Rs 1,50,194 with a gain of Rs 514 or 0.34 per cent. On…
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