Business

28

Apr

By The Press Editor

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Business

No plans to increase petrol, diesel prices after assembly elections conclude tomorrow: Government

New Delhi: In a piece of good news for the petrol and diesel customers, the Central government on Tuesday said it has no plans to increase petrol and diesel prices, dismissing speculation of a hike after polling in West Bengal ends on April 29. Retail petrol and diesel prices have remained unchanged for a record fourth year, even as conflict in West Asia has pushed crude oil costs up more than 50 per cent over the past two months. The widening gap between input costs and pump prices has left state-run fuel retailers incurring heavy losses - with some estimates…

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28

Apr

By The Press Editor

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Business

‘On verge of stopping operations’: Airlines warn of shutdown, seek ATF price relief from Centre

Mumbai: Air India, IndiGo, and SpiceJet have told the government that the country's aviation sector is under "extreme stress" and on the verge of "stopping operations", as they sought a revision in Aviation Turbine Fuel (ATF) pricing along with financial support. The ongoing tensions in West Asia have driven up oil prices, while airspace restrictions have significantly increased operating costs, particularly for long-haul routes. ATF alone accounts for nearly 40 per cent of an airline's operational expenses, making cost pressures increasingly difficult to manage. Indian Airlines writes to Centre  Against this backdrop, the Federation of Indian Airlines (FIA)  has written…

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28

Apr

By The Press Editor

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Business

Anant Ambani comes forward to save 80 hippos from death in Columbia, offers relocation to Vantara

New Delhi: Anant Ambani, Executive Director, Reliance Industries Limited, and Founder of Vantara, one of the world's largest wildlife rescue, care, and conservation centres, has formally petitioned the Government of Colombia to stay the execution of 80 hippopotamuses. In a letter addressed to Irene Velez Torres, Colombia's Minister of Environment and Sustainable Development, Ambani offered a humane alternative: relocating the animals to a permanent home at the Vantara rescue and conservation centre in Jamnagar, Gujarat. He made this appeal as eighty hippopotamuses in Colombia's Magdalena River basin have been authorised for lethal removal. Compassionate Alternative The hippos, located in the…

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28

Apr

By The Press Editor

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Business

Rs 240 Dividend: This cement maker announces quarterly results, recommends special dividend – Details here

Mumbai: Country's leading cement maker company, UltraTech Cement, has announced its financial results for the January-March quarter of FY26. The company has reported a consolidated net profit of Rs 3,000.02 crore during the March quarter. Along with this, the company has recommended a special dividend for the 2025-26 financial year. The company shared the information in a separate filing. While it has announced the amount of special dividend, there is no update regarding the record date and ex-date to determine the eligibility of shareholders for this corporate action. UltraTech Cement Dividend Amount The company has recommended a special dividend of…

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28

Apr

By The Press Editor

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Business

Gold prices continue to drop on MCX as crude oil gains, silver too falls | Check city-wise rates

Mumbai: Rates of precious metals in futures continue to fall on Tuesday, April 28, 2026, as elevated crude oil prices continue to be a key concern. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened in the red with a drop of Rs 21 at Rs 1,51,700 per 10 grams against the previous close of Rs 1,51,721. It dropped further to touch an intraday low of Rs 1,50,450, a drop of Rs 1,271 or 0.83 per cent. Last seen, it was trading at Rs 1,50,650 with a drop of Rs 1,071 or 0.71 per cent. On the…

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28

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex sheds over 200 points, Nifty near 24,050, SBIN top loser

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened lower on Tuesday, April 28, 2026, amid mixed global cues, with crude oil prices continuing to rise. While the 30-share BSE Sensex shed 208.84 points or 0.27 per cent to start the session at 77,094.79, the Nifty fell 42.8 points to open at 24,049.90. In the last trading session, the Sensex closed at 77,303.63 and the Nifty 50 at 24,092.70. However, the broader indices traded slightly in the green in the opening session. While the BSE Midcap Select Index was up by 20.29 points, the BSE Smallcap Select Index added…

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27

Apr

By The Press Editor

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Business

Ganga Expressway being developed as integrated manufacturing and logistics cluster – Check details

Greater Noida: The Ganga Expressway is being built under the design, build, finance, operate, transfer (DBFOT) (toll) basis, and the Uttar Pradesh government is planning to develop it as an "expressway-cum-industrial corridor" model. According to an official statement, the expressway, to be inaugurated by Prime Minister Narendra Modi on April 29, will be developed as an "expressway-cum-industrial corridor" model. The statement said that the expressway is being developed as an Integrated Manufacturing and Logistics Cluster (IMLC). The 594 km-long Ganga Expressway will have 12 industrial nodes, and for this, 6.508 acres of land have been identified.  987 investment proposals received …

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27

Apr

By The Press Editor

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Business

India, New Zealand ink free trade agreement, provides duty-free access for 100% of India’s exports

New Delhi: In a move that could open up new export markets and ease business rules, India and New Zealand have inked a free trade agreement. The pact was signed in the presence of Commerce and Industry Minister Piyush Goyal and visiting New Zealand's Trade and Investment Minister Todd McClay. The FTA provides duty-free access for 100 per cent of India's exports to New Zealand, covering all tariff lines or produce categories, and is expected to significantly boost MSMEs and employment by enhancing competitiveness in labour-intensive sectors such as textiles, apparel, leather, footwear, gems and jewellery, engineering goods, and processed…

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27

Apr

By The Press Editor

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Business

LED stock sees a rebound after company announces quarterly results, check full details

Mumbai: Shares of LED manufacturer MIC Electronics gained on Monday amid a rally in benchmark indices Sensex and Nifty, tracking a surge in Sun Pharma and a positive trend in global equity markets. The 30-share BSE Sensex jumped 546.64 points to 77,210.85 in early trade. The 50-share NSE Nifty climbed 169.55 points to 24,067.50. The action also comes as the company has announced financial results for the January-March quarter. The stock started the trading session in the red at Rs 40, down from the previous close of Rs 40.82 on the BSE. However, the witnessed buying at lower levels and…

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27

Apr

By The Press Editor

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Business

Gold, silver rates fall on MCX amid rise in crude oil prices, profit booking | Check city-wise rates

Mumbai: Precious metals futures rates fell on Monday, April 27, 2026, amid profit booking and a rise in Brent crude oil prices by over 1 per cent to above USD 106 per barrel. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened in the red with a drop of Rs 4 at Rs 1,52,695 per 10 grams against the previous close of Rs 1,52,699. It dropped further to touch an intraday low of Rs 1,52,301, a drop of Rs 398 or 0.26 per cent. Last seen, it was trading at Rs 1,52,393 with a drop of Rs…

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