Business

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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25

Mar

By The Press Editor

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Business

1200% dividend stock: Two-wheeler maker fixes record date for interim dividend, check full details

Mumbai: Stock markets witnessed a strong rebound on Tuesday, March 24, 2026, on the back of easing tensions on the Middle East war front and robust buying interest. The Nifty ended 399.75 points higher at 22,912.40, while the Sensex was up by 1372.06 points to close at 74,068.45. While the market is expected to open on a cautiously positive note amid persistent selling by foreign institutional investors, driven by global uncertainty, currency fluctuations, and shifting risk appetite. Amid this uncertainty, there is an opportunity for investors to make some additional profit from their investment as a two-wheeler manufacturing company has announced…

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25

Mar

By The Press Editor

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Business

Stock Market Holiday 2026: Are NSE and BSE closed on March 26 for Ram Navami? Details

New Delhi:   Amid high volatility in the stock market, there is some respite for investors as benchmark indices will remain closed tomorrow, i.e. on March 26, 2026, in account of Shri Ram Navami, one of the most important festivals in Sanatan Dharma. According to the National Stock Exchange's holiday calendar for the year, the benchmark indices will remain closed on Thursday for Shri Ram Navami. Therefore, the stock market will reopen on Friday, March 27, 2026. However, they will be closed for two consecutive days, with March 28 falling on Saturday and March 29 falling on Sunday. Stock Market…

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25

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex jumps 583 points, Nifty above 23,000 amid positive global cues

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, continued their upward momentum on Wednesday, March 25, 2026, in tandem with global markets. While the 30-share BSE Sensex jumped 583.56 points or 0.78 per cent to start the session at 74,652.01, the Nifty gained 152 points to open at 23,064.40. In the last trading session, the Sensex closed at 74,068.45 and the Nifty 50 at 22,912.40. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 166.30 points, or 1.09 per cent, in the early trading session, the BSE Smallcap Select…

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24

Mar

By The Press Editor

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Business

Budget Delhi 2026-27: CM Rekha Gupta presents Rs 1.03 lakh crore budget – Check key announcements

New Delhi: Delhi Chief Minister and Finance Minister Rekha Gupta on Tuesday presented a Rs 1,03,700 crore Budget for the financial year 2026-27. While presenting the Budget, the Chief Minister stressed that the national capital is progressing rapidly with the "triple engine" government. Describing it as a "green budget", she said the city is passing through a phase of transition and flagged that a "culture of freebies" had affected the growth rate, adding that the period between 2018 and 2020 saw a fall in revenue.  Here are the key announcements  A provision of Rs 11,266 crore has been made for…

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24

Mar

By The Press Editor

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Business

IT stock gains over 6% post order from Central Electronics Limited, check share price

Mumbai: Shares of IT company Blue Cloud Softech Solutions Ltd are in action amid a surge in the stock market today, i.e. on March 24, 2026, after US President Donald Trump announced a temporary halt on strikes targeting Iranian energy infrastructure. The 30-share BSE Sensex jumped 1,516 points to 74,212.47 in early trade. The 50-share NSE Nifty surged 386.95 points to 22,899.60. Amid this, the stock opened in the green at Rs 19.16, up from the previous close of Rs 18.31 on the BSE. The counter gained further and touched the intraday high of Rs 19.50, representing a gain of…

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24

Mar

By The Press Editor

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Business

Powerica IPO open for subscription: Check latest GMP, price band and other details

Mumbai: The initial public offering (IPO) of power solutions provider Powerica Ltd received a tepid response from investors on the first day of bidding on Tuesday, i.e., March 24, 2026. It has received just 1 per cent subscription so far. According to NSE data, the IPO got bids for 2,06,793 shares against 2,05,55,171 shares on offer. The portion for Qualified Institutional Buyers (QIBs) has so far not received any subscriptions. The category for Retail Individual Investors (RIIs) received 2 per cent subscription and the quota for non-institutional investors got subscribed 1 per cent. Mobilises Rs 329 crore from anchor investors…

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24

Mar

By The Press Editor

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Business

Is commercial real estate a good investment amid volatility in share markets? Here’s what experts say

New Delhi: At a time when global markets are navigating renewed turbulence, triggered by ongoing Middle East conflicts, supply chain disruptions, and persistent inflationary pressures, most asset classes have shown visible signs of strain. Yet, almost unexpectedly, commercial real estate in India has held its ground. The sector has not been immune to global headwinds, but it has demonstrated a degree of resilience that stands out in the current climate. Even though capital has become selective, Grade A office assets have not exhibited the stress one would expect. According to a recent report by JLL, India recorded office leasing of…

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24

Mar

By The Press Editor

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Business

Jewellery stock gains ahead of board meet to consider preference share redemption, check details

Mumbai: Shares of Motisons Jewellers Ltd, a Jaipur-based retail jewellery company, traded in the green ahead of the board meeting to consider the redemption of preference shares. The action in the stock also coincided with a strong rally in the benchmark indices, in line with a rally in global markets, after US President Donald Trump announced a temporary halt to strikes targeting Iranian energy infrastructure. The 30-share BSE Sensex jumped 1,516 points to 74,212.47 in early trade. The 50-share NSE Nifty surged 386.95 points to 22,899.60. Amid this rally, the counter opened in the green at Rs 12.53, up from…

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24

Mar

By The Press Editor

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Business

Stock under Rs 300 jumps as company shares detail related to merger of its subsidiary

Mumbai: Shares of Godawari Power and Ispat Ltd are trading in the green after the company shared updates on its merger with its subsidiary, Godavari Energy Limited (GEL). In an exchange filing, the company said that the merger process is now complete and the company has received a certified copy of the order dated March 12, 2026, of the National Company Law Tribunal, Cuttack Bench ("NCLT"). The company stated that the merger became effective on March 23, 2026, meaning GEL is now fully integrated into the company. However, the planned date for this scheme was April 1, 2025. Share price…

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