Business

01

Apr

By The Press Editor

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Business

IT stock hits upper circuit on receiving LoA from Indian Railways, check full details here

Mumbai: Shares of LED manufacturing company MIC Electronics are locked in the upper circuit amid strong buying interest following updates on a Letter of Acceptance (LoA) from Indian Railways. According to the information shared, the company has received a Letter of Acceptance (LOA) from the Sambalpur Division of the East Coast Railway Zone of the Indian Railways. This order involves the installation of CIB (Coach Indication Boards) and TIB (Train Indication Boards) systems at railway stations. The total project cost is approximately Rs 2.12 crore. Work will be carried out on various platforms at stations such as BGBR, NPD, JNRD,…

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01

Apr

By The Press Editor

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Business

Blinkit at Mumbai Airport: India’s first in-terminal quick commerce service launched at Terminal 2

Mumbai: There is some good news for travellers as Adani Airport Holdings Limited (AAHL) has partnered with quick commerce platform Blinkit to launch India's first in-terminal quick commerce service at Chhatrapati Shivaji Maharaj International Airport, Mumbai. The service is now live at Terminal 2, domestic departures, bringing app-based delivery directly into the airport experience. With the launch of this service, passengers can receive orders across boarding gates, lounges, the food court, and select partner outlets at the airport after ordering essentials through the Blinkit app and have them delivered to their location within the terminal. What all can be ordered…

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01

Apr

By The Press Editor

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Business

Iron ore stock ends trading session in green on back of record production, check share price

Mumbai: Shares of iron and steel products manufacturer Godawari Power and Ispat Ltd ended the trading session in the green as the company has released its FY26 business update in its latest exchange filing. The company said that it has achieved the highest ever level in the production of iron ore mining and value-added steel products in the financial year 2025-26. Iron ore mining stood at 27.49 lakh tonnes in FY26 as compared to 23.42 in the previous financial year. Iron ore pellets increased from 24.49 to 28.56 lakh tonnes, sponge iron (DRI) increased from 5.94 to 6.50 lakh tonnes…

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01

Apr

By The Press Editor

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Business

Real estate stock under Rs 50 open gap up on rating upgrade, check share price today

Mumbai: Shares of Infra-to-energy player Hazoor Multi Projects Ltd (HMPL) opened gap up on Wednesday, April 1, 2026, after the company shared an update with exchanges about a rating upgrade. In a filing after market hours on Tuesday, the company stated that Acuite Ratings & Research Limited (Acuite) had issued ratings for the company's bank facilities. The company has been assigned an ACUITE BBB - Stable rating on its Rs 100 crore long-term facility. This rating indicates that the company's financial position is currently stable, and it is considered capable of meeting its debt obligations. HMPL share price  Following this…

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01

Apr

By The Press Editor

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Business

NBFC stock trades in green on sharing key credit rating update, check full details here

Mumbai: Shares of smallcap non-banking financial company Paisalo Digital is in focus as the company has shared a key credit rating update. In its latest exchange filing, the company stated that Infomerics Analytics and Research Private Limited has reaffirmed and assigned new ratings for its borrowing instruments, reflecting its strong financial position. The IVR AA/Stable rating on the company’s long-term bank facilities of Rs 4,500 crore and non-convertible debentures (NCDs) worth Rs 559 crore has been reaffirmed. Additionally, the same IVR AA/Stable rating has been assigned to new NCDs amounting to Rs 1,500 crore. The IVR A1+ rating for commercial…

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01

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex surges 1,814 points, Nifty near 22,900 amid hopes of de-escalation of US-Iran war

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened gap up amid strong global cues on Wednesday, after comments from US President Donald Trump fueled optimism that the conflict with Iran may ease in the near term. While the 30-share BSE Sensex surged 1,814.88 points or 2.52 per cent to start the session at 73,762.43, the Nifty added 567.6 points to open at 22,899. In the last trading session, the Sensex closed at 71,947.55 and the Nifty 50 at 22,331.40. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 408.66 points,…

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01

Apr

By The Press Editor

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Business

Jet fuel prices more than doubled? Here’s what you need to know amid rise in ATF prices

New Delhi: Amid reports that price of Aviation Turbine Fuel (ATF), or jet fuel, has been more than doubled to a record Rs 2.07 lakh per kilolitre, driven by the surge in global oil prices linked to the widening West Asia conflict, the Ministry of Petroleum and Natural Gas has clarified that the only a partial and staggered increase has been passed to the airlines. Oil Marketing Companies (OMCs) have removed their earlier rate announcement for ATF. New rates now announced by them are as follows - Delhi: Rs 1,04,927 per kl, Kolkata: Rs 1,09,450 per kl, Mumbai: Rs 98,247 per kl,…

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01

Apr

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Business

April Bank Holiday: Are banks open or closed on April 1? Here’s what you need to know

New Delhi: The Reserve Bank of India (RBI) has released a list of bank holidays for April. According to the central bank's list, April 1, 2026 (Wednesday) is a bank holiday. This holiday is due to it being the first day of the 2026-27 financial year. However, employees will be present in the banks to close their yearly accounts and complete important financial tasks. Banks to remain open for the public in these cities Today, banks complete internal financial work such as closing accounts for the previous fiscal year, data verification, preparing balance sheets, and conducting annual audits. According to…

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01

Apr

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Business

LPG Price Hike: Restaurant, quick service restaurant (QSR) and hotel stocks in focus

Mumbai: Quick service restaurant (QSR), restaurant and food delivery stocks will be in focus on Wednesday, April 1, 2026, as the prices of commercial LPG cylinders have been hiked. The hike comes amid a surge in global oil prices driven by the ongoing conflict in West Asia. The price hike is effective immediately, and therefore, the 19 kg commercial LPG cylinders will become more expensive starting today. Commercial LPG cylinders are used by restaurants, hotels, catering services, and small industries, so cost pressures can affect companies in the hospitality sector. Among the stocks that may face pressure after the rise…

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01

Apr

By The Press Editor

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Business

Commercial LPG cylinder prices hiked by Rs 195.5 amid West Asia conflict | Check new rates in your city

New Delhi: Prices of commercial LPG cylinders were increased by Rs 195.50 on Wednesday (April 1), following a surge in global oil prices linked to the widening conflict in West Asia. This comes after a previous hike of Rs 114.5 per 19-kg cylinder on March 1. The ongoing crisis has disrupted energy supplies to India, leading to an initial curtailment of LPG supplies to commercial establishments such as hotels and restaurants, as authorities prioritised household consumption. Amid the war, commercial LPG consumers in major cities and urban areas have been advised to shift to PNG as part of a broader strategy…

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