Business

31

Mar

By The Press Editor

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Business

Texmaco Rail shares to be in focus as company bags Rs 421 crore order, check full details here

Mumbai: Shares of Texmaco Rail & Engineering Ltd (Texrail) will be in focus when markets open on Wednesday, April 1, 2026, as the company has announced that it has bagged a contract worth over Rs 421 crore from JSW Group companies for the supply of freight wagon rakes. The order also reflects the growing participation of private players in rail logistics, driven by Indian Railways' policy initiatives to improve freight movement efficiency and reduce logistics costs. The wagons are designed to support high-capacity container transport and are expected to improve logistics efficiency across industrial supply chains, particularly for the movement…

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31

Mar

By The Press Editor

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Business

Meet IndiGo’s new CEO William Walsh who comes with decades of global aviation experience

New Delhi: Weeks after Pieter Elbers resigned as CEO of IndiGO, the country's largest airline has announced the appointment of former British Airways chief William Walsh as new chief executive officer. The appointment is significant, as the airline has been under scrutiny following massive operational disruptions that triggered widespread public outrage and regulatory action. The low-cost air carrier had faced operational challenges, including large-scale flight disruptions, prompting a leadership transition. Walsh is expected to take charge by August 3, 2026, after completing his tenure at the International Air Transport Association (IATA), where he currently serves as Director General. Who is…

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31

Mar

By The Press Editor

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Business

PropShare Celestia’s Rs 244 crore IPO to open on April 10, check price band and other details

Mumbai: Property Share Investment Trust, the country's first registered Small and Medium Real Estate Investment Trust (SM REIT), has announced that the Rs 244.65 crore IPO of PropShare Celestia will open next month. According to the information available, the public issue will open for subscription on April 10. The issue, with a price band of Rs 10-10.50 lakh per unit,  will conclude on April 16, the statement reads. PropShare Celestia is the third SM REIT launched by Property Share Investment Trust. The public issue will comprise only a fresh issue of units, with no offer-for-sale component. The IPO proceeds will…

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31

Mar

By The Press Editor

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Business

Small Savings Schemes: Check latest interest rates of Sukanya Samriddhi Yojana, PPF and others

New Delhi: The government has announced the interest rates for small savings schemes (SSS) for the quarter from April 1 to June 30, 2026. This update is important for those who invest in the Public Provident Fund (PPF), the Sukanya Samriddhi Yojana (SSY), or the National Savings Certificate (NSC). According to a notification by the finance ministry, interest rates have been kept unchanged for various small savings schemes for the eighth straight quarter, beginning April 1, 2026. "The rates of interest on various Small Savings Schemes for the first quarter of FY 2026-27, starting from April 1, 2026, and ending…

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31

Mar

By The Press Editor

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Business

ATM rules update: Key changes by HDFC, PNB, Bandhan Bank to take effect from April 1

New Delhi: If you withdraw cash from an ATM, you may now have to pay higher fees as several banks are changing their ATM withdrawal rules. These rules will take effect on April 1, 2026. These changes affect ATM cash withdrawal limits, transaction charges, and payment methods using debit cards and QR codes. Here, we will tell you about the changes you will see when withdrawing cash from ATMs using UPI and debit cards. Free UPI transaction limit of HDFC  HDFC Bank has made a significant change to its free UPI transaction limit: cash withdrawals from UPI-based ATMs now count…

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31

Mar

By The Press Editor

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Business

Income tax rules 2026: 10 key changes from April 1 investors, salaried people must know

Mumbai: The Income Tax Act 1961 will be replaced with the new Income Tax Act 2025 from April 1, 2026. This will mark a major reform in the tax system of the country. Ahead of this, let's have a look at key changes that will come into effect from April 1, 2206.  Tax Year: The government has decided to replace the older dual system of Financial Year and Assessment Year with a single 'Tax Year'. April 1 onwards, income will be reported under the tax year.  HRA changes: The rules to avail House Rent Allowance (HRA) have been made stricter.…

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31

Mar

By The Press Editor

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Business

IT stock below Rs 50 to be on investors’ radar after major order win, check share price and other details

Mumbai: Shares of Blue Cloud Softech Solutions Ltd, a smallcap IT company providing AI-based enterprise solutions, will be in focus when the market opens on Wednesday, April 1, 2026, as the company has shared details about the latest order.  Indian stock, foreign exchange, commodities and bullion markets will remain closed on Tuesday on account of Shri Mahavir Jayanti. The company has informed exchanges that it has received a new order from the Hyderabad City Police. As part of the order, the company will deploy AI-based server and GPU systems and a social media monitoring platform called "Blura Saga." This will…

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31

Mar

By The Press Editor

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Business

Toll plazas rule set to change from April 1: Here’s what traveller must know before hitting the road

New Delhi: If you are planning a long-distance journey via a national highway or expressway, this update is very important as the National Highways Authority of India (NHAI) is introducing a major reform to make road travel faster, smoother and more efficient. According to the information available, cash payments at all national highway toll plazas will be completely discontinued from April 1, 2026. Under the new proposal, cash transactions at toll booths will become a thing of the past. Travellers without access to digital payment options may face serious inconvenience during their journey.  Payment only via digital modes Starting April…

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31

Mar

By The Press Editor

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Business

Bank Holiday 2026: Banks closed for Mahavir Jayanti in these cities, check full list here

New Delhi: Mahavir Jayanti is being celebrated across the country today. The Jain community celebrates the birth anniversary of Lord Mahavira, the 24th Tirthankara of the Jain religion. On this occasion, banks will remain closed in many cities. Here, we'll tell you the cities where banks will remain closed today. According to the RBI holiday calendar, public and private banks will be closed in Ahmedabad, Belapur, Chennai, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur, and Ranchi on the occasion of Mahavir Jayanti. According to the RBI holiday calendar, public and private banks will be closed in Ahmedabad,…

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31

Mar

By The Press Editor

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Business

Share Market Holiday 2026: Why are NSE and BSE closed today? Check upcoming market holidays here

Mumbai: The Jain community worldwide is celebrating Mahavir Jayanti today, March 31, 2026. Mahavir Jayanti is the birthday of Lord Mahavir, who was the 24th Tirthankara of the Jain religion. This year marks the 2624th birth anniversary of Lord Mahavira. On account of Shri Mahavir Jayanti, the National Stock Exchange (NSE) and the BSE will remain closed today.   Will MCX and NCDEX be closed? India's largest commodity exchange, the Multi Commodity Exchange of India (MCX), will be closed for trading in the first session (9 AM to 5 PM) today on the occasion of Shri Mahavir Jayanti. However, the trading…

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