Business

23

Sep

By The Press Editor

Business

Indian Railways notifies Extraordinary Pension Rules 2026: Eligibility, benefits and other details

The Ministry of Railways has notified the Railway Services (Extraordinary Pension) Rules, 2026, which replace the Railway Services (Extraordinary Pension) Rules, 1993. The Indian Railways is the largest employer in India after the Ministry of Defence (Indian Armed Forces). It has over 1 million employees, and therefore the development holds a lot of significance as the updated framework establishes revised terms, classification criteria, and procedural timelines for awarding disability and family pensions to railway personnel. It also addresses how a railway employee's pension will be determined if they die while in service or become disabled in an accident.  NPS-covered railway…

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23

Sep

By The Press Editor

Business

Stock below Rs 100 gains over 19% in 6 days amid market volatility, here’s what’s behind the rally

Shares of Lords Mark Industries, a diversified company with a presence across healthcare and diagnostics, have gained over 19 per cent in the last six days and ended today's session in the green despite intraday volatility as markets shrugged off an intraday surge in crude and focused on signs of strengthening domestic growth momentum. The stock opened flat at Rs 95.41 but gained to touch the intraday high of Rs 99, a gain of Rs 3.59 or 3.76 per cent from the previous close. During the day, it touched the intraday low of Rs 93.85. The counter ended the session…

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23

Sep

By The Press Editor

Business

Mutual funds vs direct stocks: Expert explains which one is actually for you, check details

When investors plan to invest, the core trade-off is convenience vs control. Mutual funds offer built-in diversification managed by professionals, protecting investors from single-company collapses, while direct stock investing offers full control and potentially higher upside but also carries the risk of high volatility. Both mutual funds and direct stocks offer a path to build wealth through the financial markets, but experts say the best choice depends on which strategy an investor can stick with without panicking during market downturns.  Mutual Funds: Letting Someone Else Do the Picking With a mutual fund, you hand your money to a professional who…

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23

Sep

By The Press Editor

Business

Raymond shares gain as aerospace subsidiary secures major indigenous fighter jet contract, check details

Raymond Ltd shares ended the session in the green after the company said its subsidiary, JK Maini Global Aerospace Limited, succeeded in a tender process conducted by a leading Indian Aerospace and Defence OEM. Under this, the company is set to receive work to assemble wing structures and centre fuselage structures for a major indigenous fighter aircraft program. The stock ended at Rs 1,114.90, up 0.11 per cent or Rs 1.25 on the BSE, and on the NSE, it closed at Rs 1,125, up 0.72 per cent or Rs 8.05. Foray into aircraft structures business After successfully completing the tender…

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23

Sep

By The Press Editor

Business

Defence stock in focus as company submits revised shareholding details to exchanges, check details

Shares of Hyderabad-based defence and aerospace technology company Apollo Micro Systems are in focus after the company submitted revised disclosures and an updated shareholding pattern to stock exchanges in response to observations raised by the National Stock Exchange of India (NSE) on its proposed preferential issue. The company had earlier announced a major preferential issue comprising 2.28 crore equity shares and 5.69 crore convertible equity warrants. The company said it has incorporated the necessary clarifications and filed the updated pre- and post-issue shareholding details of all proposed allottees. Share price today  The stock began the trading session at Rs 408.10,…

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23

Sep

By The Press Editor

Business

IT stock in focus as board approves proposal to raise capital via rights issue, shares rise

Shares of IT sector company Kellton Tech Solutions Ltd gained on Wednesday after the company announced a fundraising plan. The stock opened in the green at Rs 13.71 against the previous close of Rs 13.69 on the BSE. It later gained to touch an intraday high of Rs 13.82, up Rs 0.13, or 0.94 per cent, from the previous close. Last seen, the company's stock was trading at Rs 13.79, up 0.66 per cent or Rs 0.09 on the NSE, and at Rs 13.77, up 0.58 per cent or Rs 0.08 on the BSE. The market cap of the company…

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23

Sep

By The Press Editor

Business

Public sector banks to stay open this Sunday ahead of 3-day nationwide strike, check details

In light of the proposed three-day strike from September 28 to 30 called by the United Forum of Bank Unions (UFBU), the government on Wednesday said all public sector banks and regional rural banks will remain open on Sunday, September 27, 2026. According to a statement from the Ministry of Finance, the government has taken proactive steps to safeguard citizens' banking needs.  The proposed strike is significant because it falls on the preceding weekend holidays of September 26 and 27. In light of this, the Reserve Bank of India (RBI) has approved all bank branches, offices, ATM-linked branches, and Currency Chests…

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23

Sep

By The Press Editor

Business

Will government hold or hike interest rates for PPF, Sukanya Samriddhi Yojana, Kisan Vikas Patra on Sep 30?

The last day of September will be crucial for millions of investors who invest in small savings schemes such as Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Kisan Vikas Patra (KVP) and others. This is because the interest rates of these small savings schemes for the October-December quarter are due for their next review. The government will review the interest rates on September 30, 2026. Ahead of this, investors want to know whether the government will maintain current interest rates or make changes. Quarterly review of interest rates The government reviews interest rates on small savings schemes every three…

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23

Sep

By The Press Editor

Business

NSE IPO listing date, latest grey market premium, subscription status and all you need to know

The Rs 22,569-crore initial public offering of the National Stock Exchange of India (NSE) will debut on Dalal Street on Thursday, September 24, 2026. This is India's second-largest public issue after Hyundai Motor India's Rs 27,870-crore IPO in 2024. The public issue of India's largest stock exchange received nearly 6 times subscription on the final day on Monday, led by strong demand from institutional buyers. According to data available on the BSE, the NSE IPO received bids for 50.58 crore (50,58,11,384) shares against 8.86 crore (8,86,42,911) shares on offer, for a 5.71-times subscription.  NSE IPO listing date on BSE  NSE…

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23

Sep

By The Press Editor

Business

23 September, 2026 Stock Market Updates: Sensex gains over 100 points, Nifty above 23,350 amid positive global cues

Indian equity benchmark indices, the Sensex and Nifty, started the trading session in the green amid positive global cues as investor attention turns toward the scheduled talks between Presidents Donald Trump and Xi Jinping. While the 30-share BSE Sensex gained 119.24 points or 0.16 per cent to start the session at 74,648.32, the Nifty added 23.15 points to open at 23,352.15. In the last trading session, the Sensex closed at 74,529.08 and the Nifty 50 at 23,329. Similarly, the broader indices traded in the green in the early trading session. While the BSE Midcap Select Index was up by 30.16 points,…

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