Business

16

Mar

By The Press Editor

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Business

Apply for new PNG connection and get free gas worth Rs 500, check full details here

New Delhi: Amid a shortage of LPG (liquified petroleum gas) cylinders in the country due to the near-shutting of the Strait of Hormuz because of the ongoing war between the US, Israel, and Iran, the government on Monday said that gas distribution companies have rolled out incentives to encourage new PNG (piped natural gas) connections. During a press briefing in the national capital, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) at the Ministry of Petroleum and Natural Gas, said that customers can apply for a new PNG connection through email, customer portal, letter or call centre of the respective…

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16

Mar

By The Press Editor

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Business

Kotak Mahindra Mutual Fund raises stake in this recently listed stock, check share price

Mumbai: Shares of North India-based hospital chain Park Medi World are in focus as the company has informed exchanges that Kotak Mahindra Mutual Fund has purchased shares of Park Medi World Ltd., increasing its stake in the company to more than 5 per cent. The investment was made through various schemes of the mutual fund. "We would like to inform you that Kotak Mahindra Mutual Fund (KMMF) has acquired equity shares of Park Medi World Limited, constituting more than 5.00% of the issued equity share capital of the company," Kotak said.  Mutual Fund Holding Crosses 5 Per Cent Prior to…

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16

Mar

By The Press Editor

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Business

NBFC stock in focus amid board meet to consider fundraising via non-convertible debentures, details here

Mumbai: Shares of Paisalo Digital, a non-banking financial company, are in focus after the company made two important announcements to the exchanges. The company has stated that the operations and finance committee of its board of directors will meet on March 18, 2026. The committee will consider the issuance of non-convertible debentures (NCDs) through private placement and approve their allotment. Company Receives New Credit Rating In another filing, the company stated that it already holds a rating from Infomerics Analytics and Research Private Limited. In addition, it has received a new credit rating from Brickwork Ratings India Private Limited for…

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16

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex falls 138 points, Nifty near 23,100 amid sustained FII selling

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a negative note on Monday, March 16, 2026, amid sustained heavy selling by FIIs and the weakness in the rupee due to the ongoing US-Israel-Iran war. While the 30-share BSE Sensex shed 138.13 points or 0.19 per cent to start the session at 74,415.79, the Nifty fell 35 points to open at 23,116.10. In the last trading session, the Sensex closed at 74,563.92 and the Nifty 50 at 23,151.10. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select…

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16

Mar

By The Press Editor

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Business

Gold falls to Rs 1.56 lakh per 10 grams, silver drops 2.29% on MCX, check key levels to watch

Mumbai: Rates of precious metals in futures continued to trade lower on Monday, March 16, 2026 as investors closely track geopolitical developments in West Asia. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 1,119 or 0.70 per cent at Rs 1,57,347 per 10 grams against the previous close of Rs 1,61,634. It later fell to touch the low of Rs 1,56,254, a dip of Rs 2,211 or 1.39 per cent. Last seen, it was trading at Rs 1,56,423 with a fall of Rs 2,04 or 1.29 per cent. On the MCX,…

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16

Mar

By The Press Editor

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Business

IDBI Bank share price: Stock tanks over 15% amid reports that govt may scrap strategic sale

Mumbai: Shares of IDBI Bank tumbled over 15 per cent on Monday, March 16, 2026, amid reports that the government may scrap the strategic sale as the financial bids put in by potential buyers were below the reserve price. The stock opened gap down at Rs 78.05, representing a fall of 15.35 per cent from the previous close of Rs 92.20 on the BSE. The sudden drop also comes amid a spurt in trading volume by more than 2.92 times. Last seen, the stock was trading at Rs 79.20 with a fall of 14.10 per cent, and the market cap…

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16

Mar

By The Press Editor

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Business

FASTag annual pass price hike: NHAI increases fee, users to pay more from April 1 – Full details here

New Delhi: The National Highways Authority of India (NHAI) has increased the rate of its annual pass. The facility, which was launched on August 15, 2025, aims to provide financial relief to commuters using national highways. The FASTag Annual Pass crossed a milestone of 50 lakh users in the month of February, according to the data shared by the Ministry of Road Transport and Highways (MoRTH). The data said that over 26.55 crore transactions were recorded within six months of the launch. FASTag annual pass price hike The NHAI has increased the annual pass fee by Rs 75 to Rs…

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13

Mar

By The Press Editor

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Business

Gurugram’s luxury home market booms, enters a multi-corridor growth phase

Gurugram: It is becoming difficult to ignore what is happening in Gurugram’s upper end of the housing market. Transactions in the Rs 10-crore-plus category have been stacking up at a pace that, until recently, was almost exclusively associated with Mumbai. Industry estimates suggest that in 2025 alone, high-value residential sales in the city crossed Rs 24,000 crore. For a market that was once seen largely as a satellite to Delhi’s residential demand, that number carries a certain quiet disruption. What is equally notable is that the demand is not concentrated in one or two prestige addresses anymore. The familiar spine…

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13

Mar

By The Press Editor

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Business

Guwahati to Silchar in 5 hours: Here’s how corridor will boost connectivity in Northeast region | Explained

New Delhi: Prime Minister Narendra Modi is all set to lay the foundation stone for the Shillong-Silchar Corridor, the first access-controlled greenfield four-lane high-speed corridor in North-East India. The project will traverse through the difficult terrain of the Northeast region and aims to enhance connectivity between the bustling cities of Guwahati and Silchar. The Union Cabinet had approved the construction of the 4-lane high-speed corridor along National Highway-6 from Mawlyngkhung near Shillong in Meghalaya to Panchgram near Silchar in Assam. The project will be built on Hybrid Annuity Mode as an access-controlled greenfield high-speed corridor. Cost of Shillong-Silchar Corridor The…

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13

Mar

By The Press Editor

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Business

Centre says there’s no need for panic booking of LPG, rules out crisis

New Delhi: The government on Friday flagged concerns about liquefied petroleum gas (LPG) supply amid conflict in West Asia, but said that the supply of PNG (Piped Natural Gas) and CNG (Compressed Natural Gas) to domestic consumers is being ensured without any interruptions or cuts. Addressing a press briefing, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery), Ministry of Petroleum & Natural Gas, said that hospitals and hostels are being prioritised for LPG supplies, and LPG production in the country has been increased by 40 per cent compared to March 5, 2026. Additionally, the government has released 48,000 kiloliters (approximately 48 million litres)…

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