Business

20

Mar

By The Press Editor

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Business

Petrol Price Hike: BPCL, HPCL and Indian Oil raise premium petrol rates by up to Rs 2.35 per litre

New Delhi: Amid the ongoing war in West Asia, oil marketing companies on Friday hiked the premium petrol prices by up to Rs 2.35 per litre with immediate effect. The prices of Bharat Petroleum Corporation Limited's (BPCL) 'Speed', Hindustan Petroleum Corporation Limited's (HPCL) 'Power', and Indian Oil Corporation Limited's (IOCL) 'XP95' petrol have been increased by Rs 2.09 to Rs 2.35 per litre. However, there is no change in the price of regular petrol at present.  Largest supply disruption The price hike comes amid escalating war in the Middle East. The war has triggered the largest supply disruption in the history…

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20

Mar

By The Press Editor

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Business

Mining stock jumps nearly 7% as company shares update on increasing stake in subsidiary, check details

Mumbai: Shares of iron and steel products manufacturer Godawari Power and Ispat Ltd (GPIL) traded higher on Friday, March 20, 2026 after a key announcement in its latest exchange filing. The company’s stock started the trading session in green at Rs 251 against the previous close of Rs 250.85 on the BSE. Amid a spurt in trading volume by more than 4.41 per cent, the scrip jumped to touch the intraday high of Rs 267.85, representing a gain of 6.78 per cent. Last seen, the stock was trading at Rs 263.50 with a gain of 5.04 per cent, and the…

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20

Mar

By The Press Editor

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Business

Tata Power reportedly signs PPA with Gujarat Govt for Mundra Power plant, shares jump 5%

Mumbai: Shares of Tata Power gained 5 per cent to hit a fresh 52-week high on Friday amid reports that Gujarat has approved a revised power supply pact with Tata Power. The stock started the trading session at Rs 402, up from the previous close of Rs 398.50 on the BSE. The scrip gained further amid a spurt in trading volume by more than 2.80 times and touched the intraday high of Rs 418.4, representing a gain of 4.99 per cent. This is also the stock's fresh 52-week high. The stock's 52-week low was Rs 332.10, reached on March 7,…

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20

Mar

By The Press Editor

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Business

Gold price surges 2%, silver gains over Rs 8,500 on MCX | Check city-wise rates

Mumbai: Precious metals futures rates rebounded on Friday, March 20, 2026, mainly due to value buying. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 3,348 or 2.3 per cent at Rs 1,48,302 per 10 grams against the previous close of Rs 1,44,954. It later fell to touch the intraday low of Rs 1,46,500. Last seen, it was trading at Rs 1,46,850 with a gain of Rs 1,896 or 1.31 per cent. On the MCX, the yellow metal futures for June 2026 were up by Rs 2,162 or 1.46 per cent to…

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20

Mar

By The Press Editor

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Business

Bank holiday: Are banks closed on March 20 or March 21 for Eid in your city? Check full details here

New Delhi: If you have any important work related to the bank over the next couple of days, it is important for you to be aware of the bank holidays. Yes, banks will be closed this week across the country on the occasion of Eid-ul-Fitr or Ramzan-Id (Id-Ul-Fitr). There are a total of 18 holidays in the holiday calendar of the Reserve Bank of India (RBI) for the month of March. Apart from the second and fourth Saturdays, these holidays also include holidays on all Sundays. This time, on the occasion of Eid, there are holidays on March 20 and…

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20

Mar

By The Press Editor

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Business

CMPDIL IPO GMP: Public issue of Coal India’s subsidiary opens for subscription, check listing date

Mumbai: The initial public offering (IPO) of Central Mine Planning & Design Institute (CMPDIL), a subsidiary of state-owned Coal India, is now open for subscription. The three-day subscription window will close on March 24, 2026. Ahead of its IPO, the company mobilised Rs 470 crore from anchor investors. According to a circular uploaded on BSE's website, among the anchor investors were Life Insurance Corporation of India (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, and ICICI Prudential MF. The issue of CMPDIL, incorporated in 1975 as a wholly-owned subsidiary of Coal India, is entirely an offer for sale (OFS) of…

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20

Mar

By The Press Editor

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Business

Market Opening Bell: Benchmark indices rebound, Sensex up 352 points amid modest decline in oil prices

Mumbai: A day after a sharp decline, Indian equity benchmark indices, the Sensex and Nifty, rebounded on Friday, March 20, 2026, amid a modest decline in crude oil prices. While the 30-share BSE Sensex gained 352.14 points or 0.47 per cent to start the session at 74,559.38, the Nifty added 108 points to open at 23,110.15. In the last trading session, the Sensex closed at 74,207.24 and the Nifty 50 at 23,002.15. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index jumped 119.88 points, or 0.79 per cent, in the early…

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19

Mar

By The Press Editor

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Business

CBI questions industrialist Anil Ambani in SBI’s Rs 2929 crore ‘cheating’ case

New Delhi: CBI questions Anil Ambani in SBI's Rs 2929 crore 'cheating' case The Central Bureau of Investigation (CBI) is questioning industrialist Anil Ambani in connection with the alleged Rs 2,929 crore cheating case registered against Reliance Communications Ltd and him on a complaint by the State Bank of India. Ambani arrived at the agency headquarters in the national capital this morning for questioning in the case. He was summoned by the investigating agency on March 19 and March 20. The agency has alleged fund diversion, misappropriation and other irregularities in the loan funds issued to the company by the…

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19

Mar

By The Press Editor

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Business

Any incident in Middle East will have an impact on India, says govt

New Delhi: Amid rising oil and gas prices caused by the war raging across key energy producers and shipping lanes in the Middle East, the government said that any incident in the Middle East has a direct impact on India. Sujata Sharma, Joint Secretary of the Petroleum Ministry, noted that India imports 90 per cent of its LPG and 47 per cent of its LNG from Qatar. With an ongoing war in the region, the country is experiencing some impact, prompting authorities to provide daily updates on the situation. Petroleum Supply Remains Stable Despite global uncertainties, the centre has maintained…

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19

Mar

By The Press Editor

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Business

Markets Crash: Sensex plunges 2,496 points, investors lose over Rs 12 trillion as Dalal Street bleeds

Mumbai: Indian benchmark indices, Sensex and Nifty, witnessed a sharp sell-off after a few days of strong closing. The sell-off was largely driven by a fresh escalation in geopolitical tensions in the Middle East, where renewed strikes between Israel and Iran targeting critical oil and LNG infrastructure have reignited concerns over global energy supply disruptions. At the end of the trading session, the BSE Sensex fell sharply by 2,496.89 points to close at 74,207.24. Meanwhile, the NSE Nifty tumbled by 775.65 points to 23,002.15. The Nifty Bank also fell 1,875.05 points to 53,451.00.  During the day, it dived 2,753.18 points…

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