Business

25

Mar

By The Press Editor

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Business

Strong rebound: Gold price jumps Rs 18,000 in just 2 days, silver rises by Rs 37,500 on MCX

Mumbai: Snapping their losing streak, precious metals have registered a strong rebound, buoyed by a softer dollar. The strong recovery comes amid possibilities of a de-escalation of the Iran war and negotiations between the United States and Iran. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 4,167 or 2.99 per cent at Rs 1,43,079 per 10 grams against the previous close of Rs 1,38,912. It later gained to touch the high of Rs 1,47,925, a gain of Rs 9,013 or 6.48 per cent. Last seen, it was trading at Rs 1,47,080…

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25

Mar

By The Press Editor

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Business

Piyush Goyal launches Malabar Charitable Trust’s scholarship programme for 33,000 girls across India

New Delhi: Union Minister Piyush Goyal attended a programme organised by the Malabar Charitable Trust, where he inaugurated a nationwide scholarship initiative for school and college-going girls. Under this programme, 33,000 girls across India will receive financial assistance to support their education. Malabar Group sets benchmark in CSR Addressing the gathering, Piyush Goyal praised Malabar for dedicating 5 per cent of its profits to CSR, which will fund scholarships for girls. “These girls will grow up to become part of a developed India,” he said.  Goyal also highlighted the inherent sensitivity and solidarity among Indians, citing the collective efforts during…

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25

Mar

By The Press Editor

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Business

Government issues clarification on rumours of revised LPG refill booking timelines, check full details

New Delhi: The Central government has stated that it is making all attempts on domestic and international fronts to address the hardship caused by the LPG shortage amid the ongoing conflict in West Asia. Amid this, several rumours are doing the rounds about changes to the rules for LPG refill booking timelines. Some news reports and social media posts claimed that the LPG refill booking timeline has been revised to 45 days for PMUY (Pradhan Mantri Ujjwala Yojana) connections, 25 days for non-PMUY single-bottle connections, and 35 days for non-PMUY double-bottle connections. However, the government has not issued a clarification stating…

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25

Mar

By The Press Editor

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Business

LED stock hits upper circuit ahead of board meeting, check share price and other details

Mumbai: Shares of MIC Electronics Ltd, a small-cap company engaged in the design, development and manufacturing of LED video displays, lighting products, and electronic and telecommunications equipment, hit an upper circuit of 5 per cent today. The stock, which has a market capitalisation of Rs 800 crore, is trading at Rs 33.23 on the BSE, marking a rise of five per cent. Board Meeting Scheduled for March 30, 2026 In its latest exchange filing after market hours on Tuesday, the company stated that its board of directors will meet on March 30, 2026. Several important decisions are expected to be…

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25

Mar

By The Press Editor

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Business

Bank Holidays March 2026: Banks to remain closed for four days: Check full list here

New Delhi: The last week of March will be crucial for customers, as banks will remain closed for several days. If you have to complete any important work related to the bank, please note down the dates in advance, as you may face problems. Banks will remain open across India only on Monday, March 30. Actually, there are continuous holidays due to festivals and weekends. In such a situation, it would be better to plan your banking in advance and avoid a last-minute rush. Bank holidays may vary according to local festivals and the days of different states. When will…

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25

Mar

By The Press Editor

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Business

Cabinet clears modified regional air connectivity scheme UDAN with an outlay of Rs 28,840 crore

New Delhi: The Union Cabinet on Wednesday approved the launch of the implementation of the modified regional connectivity scheme - UDAN. Sharing the details, Union Minister Ashwini Vaishnaw said that the scheme has been approved for a period of ten years, from the financial year 2026-27 to 2035-36, with a total outlay of Rs 28,840 crore, with budgetary support from the Government of India. The Union Minister also said that 100 airports will be developed from existing unserved airstrips under the scheme. The total outlay for developing the airports will be Rs 12,159 crore over the next eight years.  Also, the…

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25

Mar

By The Press Editor

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Business

As global fuel crisis deepens, China works on masterplan to remain unaffected: Details

New Delhi: At a time when countries across Asia, Africa and Europe are rolling out sweeping and unprecedented energy conservation measures due to disruption in global fuel supplies as conflict in West Asia refuses to die down, China is quietly and steadily working on a long-term plan to reduce its reliance on oil supply routes like Strait of Hormuz -  a critical global energy chokepoint through which over 20 per cent of the world's oil and gas shipments pass. While most countries are focusing on the Strait of Hormuz, Beijing is pursuing a different approach by building an alternative energy…

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25

Mar

By The Press Editor

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Business

34.86% YTD return: Will this healthcare stock gain further? Here’s what investors must know

Mumbai: Despite volatility in the stock market, shares of Park Medi World have returned 34.86 per cent on a year-to-date (YTD) basis. The company's stock opened the trading session in the green at Rs 207.85, up from the previous close of Rs 205.15 on the BSE. It further advanced to touch a high of Rs 208.05, representing a gain of 1.41 per cent from the previous close. Also, this is just 3.71 per cent away from the 52-week high of Rs 208.5. The stock's 52-week low is Rs 138.15. On the National Stock Exchange (NSE), the scrip opened at Rs…

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25

Mar

By The Press Editor

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Business

This smallcap stock trades in green on extension of tenure of optionally convertible debentures, details here

Mumbai: Shares of Hazoor Multi Projects Ltd, a small-cap company engaged in developing residential and commercial projects, are on investors' radar today. In its latest exchange filing, the company stated that it had earlier informed the stock exchanges on January 27, 2026, and February 28, 2026, about the conversion of optionally convertible debentures of its wholly-owned subsidiary, Square Port Shipyard Private Limited, into equity shares. The company has now approved the extension of the tenure of these optionally convertible debentures, carrying an interest rate of 0.01 per cent and totalling Rs 25 crore, by one more year. The tenure has…

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25

Mar

By The Press Editor

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Business

No fuel shortage, supply steady across India: Oil Marketing Companies amid reports of panic buying

New Delhi: Amid reports of panic buying, leading Oil Marketing Companies (OMCs) on Wednesday said there is no shortage of petrol, diesel, or LPG, and supply is steady across the country. In official statements issued to the public, OMCs said that adequate stocks are currently available to meet national demand without any disruption.  "Important Information for All Citizens. Rumours about petrol and diesel shortages in certain areas are completely unfounded. There is no shortage of fuel across the nation. India is a net exporter of petrol and diesel. We have adequate stocks of crude oil, petrol, diesel, and ATF. Supply…

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