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Wholesale price inflation jumps to 8.30% amid steep rise in crude oil prices
14
May
By The Press Editor
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Business

Wholesale price inflation jumps to 8.30% amid steep rise in crude oil prices

New Delhi: Wholesale price inflation has surged to 8.30 per cent in April, from 3.88 per cent in March, mainly due to a steep surge in prices of fuel, power and crude petroleum.ย Wholesale price index (WPI)-based inflation in fuel and power jumped to 24.71 per cent in April, from 1.05 per cent in March. In crude petroleum, inflation was 88.06 per cent in April, up from 51.5 per cent in the previous month.ย The sharp rise in WPI inflation reflects the impact of the West Asia crisis and the effective blockade of the Strait of Hormuz through which the majority of…
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NPS Sanchay Yojana: Where and how to open NPS account, benefits and other details
14
May
By The Press Editor
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Business

NPS Sanchay Yojana: Where and how to open NPS account, benefits and other details

New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) has launched a special NPS accumulation scheme for workers in the unorganised sector. It will help daily wage earners to get retirement and pension benefits in old age, just like salaried individuals. According to the PFRDA, approximately 90 per cent of the country's workers still work in the unorganised sector. This includes daily wage labourers, small shopkeepers, gig workers, domestic workers, and artisans such as plumbers and electricians. Currently, these individuals do not receive any formal pension benefits.ย  NPS Sanchay Yojana Keeping this in mind, the PFRDA has launched the…
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Market Closing Bell: Sensex witnesses strong rebound, Nifty settles near 23,700 amid strong buying
14
May
By The Press Editor
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Business

Market Closing Bell: Sensex witnesses strong rebound, Nifty settles near 23,700 amid strong buying

Mumbai: Benchmark indices, Sensex and Nifty, witnessed a strong recovery from intraday low to end the trading session higher despite the rupee hitting a record low and crude oil prices remaining elevated. While the BSE Sensex surged 789.74 points or 1.06 per cent to close at 75,398.72, the NSE Nifty climbed 277 points or 1.18 per cent to settle at 24,689.60. During the day, the 30-share Sensex surged 1,072.9 points or 1.43 per cent to 75,681.88, and Nifty 50 added 364.6 points to hit the high of 23,777.20. The strong action in the markets comes amid strong buying as investor…
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Dearness Allowance: Tamil Nadu CM hikes DA by 2% for state govt employees, teachers
14
May
By The Press Editor
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Business

Dearness Allowance: Tamil Nadu CM hikes DA by 2% for state govt employees, teachers

New Delhi: Tamil Nadu Chief Minister C Joseph Vijay has announced a 2 per cent hike in Dearness Allowances (DA) for government employees and teachers. According to an official release, the new DA will be effective from January 1, 2026. With the latest revision, the allowanceย has been increased to 60 per cent from 58 per cent. The DA hike will result in an additional annual expenditure of Rs 1,230 crore for the state government.ย 
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Yamuna Expressway toll charges set to increase? Proposal to increase toll already submitted, check details
14
May
By The Press Editor
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Business

Yamuna Expressway toll charges set to increase? Proposal to increase toll already submitted, check details

Noida: If you frequently travel to Delhi, Noida, or Agra via the Yamuna Expressway, this development is important for you, as xe in your pocket. According to available information, the company operating the expressway has submitted a proposal to the Yamuna Expressway Industrial Development Authority (YEIDA) to increase toll rates by approximately 5 per cent. If the proposal is approved, travelling on the Yamuna Expressway will become expensive for all vehicles, including cars, buses, and trucks. According to reports, the last toll increase on the expressway was in October 2024. At that time, the toll was increased by approximately 3.78…
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Gold, silver volatile on MCX after strong rally following rise in import duty | Check city-wise rates
14
May
By The Press Editor
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Business

Gold, silver volatile on MCX after strong rally following rise in import duty | Check city-wise rates

Mumbai: Rates of precious metals in futures remained volatile on Thursday, May 14, 2026, after a strong rally following a hike in import duties on gold and silver to 15 per cent from 6 per cent. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 298 or 0.18 per cent at Rs 1,61,888 per 10 grams against the previous close of Rs 1,62,186. It continued the downward trend to touch an intraday low of Rs 1,61,027, a drop of Rs 1,159 or 0.71 per cent. Last seen, it was trading at Rs…
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Market Opening Bell: Sensex jumps 338 points, Nifty above 23,500, IT shares under pressure
14
May
By The Press Editor
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Business

Market Opening Bell: Sensex jumps 338 points, Nifty above 23,500, IT shares under pressure

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in green on Wednesday, May 13, 2026, amid mixed signals emerging from the ongoing USโ€“Iran negotiations. While the 30-share BSE Sensex gained 338.14 points or 0.45 per cent to start the session at 74,947.12, the Nifty added 17.1 points to open at 23,530.25. In the last trading session, the Sensex closed at 74,608.98 and the Nifty 50 at 23,412.60.ย Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index gained 50.06 points, the BSE Smallcap Select Index jumped 72.91 points or 0.88 per…
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Kaynes Technology Share Price: Stock tumbles 15% to hit lower circuit after PAT falls 21% YoY
14
May
By The Press Editor
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Business

Kaynes Technology Share Price: Stock tumbles 15% to hit lower circuit after PAT falls 21% YoY

Mumbai: Shares of semiconductor manufacturing company Kaynes Technology opened gap down at Rs 3,760.10, a 10 per cent fall from the previous close of Rs 4,177.85 on the BSE. Amid profit booking, the stock fell further to hit the 15 per cent lower circuit of Rs 3551.2.ย  It later crashed to an intraday low of Rs 3,366, a fall of 19.4 per cent from the last closing price. Last seen, the stock was trading at Rs 3,478 with a fall of 16.75 per cent, and the market cap of the company stood at Rs 23,326.38. The counter is under pressure…
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CNG Price Hike: MGL hikes price to Rs 84/kg in Mumbai, Thane and MMR
14
May
By The Press Editor
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Business

CNG Price Hike: MGL hikes price to Rs 84/kg in Mumbai, Thane and MMR

Mumbai: State-run Mahanagar Gas (MGL) on Thursday hiked prices of compressed natural gas (CNG) by Rs 2 per kg to Rs 84 per kg. The revised price is effective from today, i.e. May 14, 2026, and applies across Mumbai, Thane, Navi Mumbai and other Mumbai Metropolitan Region (MMR) areas.ย CNG was previously priced at Rs 82 per kg. The latest price hike comes as the Iran-US war, which began on February 28, 2026, has disrupted energy supply chains across West Asia.ย 
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PFC Dividend: PSU announces final dividend along with Q4 results, check amount and other details
14
May
By The Press Editor
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Business

PFC Dividend: PSU announces final dividend along with Q4 results, check amount and other details

Mumbai: State-run non-bank lender Power Finance Corporation has announced that its board has approved a final dividend of Rs 3.95 per equity share, with a face value of Rs 10 each, for the financial year 2025-26. However, the company has not shared any details regarding the record date. This date is important for determining shareholders' eligibility for corporate actions such as dividends, bonus issues, stock splits, and others. However, it said that the final dividend, which is subject to approval of shareholders in the ensuing Annual General Meeting (AGM), will be paid within 30 days from the date of approval.ย …
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