Business

18

Jun

By The Press Editor

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Business

IT stock in focus as board approves allotment of 17 crore equity shares on preferential basis | Markets

Mumbai: Shares of Blue Cloud Softech Solutions are on investors' radar after the company informed exchanges that its board of directors has approved the allotment of 17 crore equity shares with a face value of Re 1 each on a preferential basis, through a share swap rather than cash. This move follows the receipt of shareholder approval on May 4, 2026 and in-principle approval from the BSE on June 2, 2026. According to the information shared, the company has issued 17 crore new shares at Rs 21.93 per share. In return, Blue Cloud is purchasing 21.25 core shares of Global…

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18

Jun

By The Press Editor

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Business

145% return in 3 months: Stock hits upper circuit even as markets remain volatile, what’s fuelling the rally? | Markets

Mumbai: Shares of Indiabulls Ltd, which is in real estate and financial services, jumped 5 per cent to hit the upper circuit today, even as benchmark indices remained volatile. Sensex and Nifty drifted lower in early deals, but later bounced back to trade higher. The stock opened in the green at Rs 24.33, up from the previous close of Rs 24.02, on the BSE. It surged further to hit an intraday high of Rs 25.22 and got locked in the upper circuit. This is just 1.11 per cent away from the 52-week high of Rs 25.5, hit on June 10,…

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18

Jun

By The Press Editor

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Business

Vedanta Power Share Price: Stock hits new high, what’s behind the rally? Find out here | Markets

Mumbai: Shares of newly listed Vedanta Power, one of the demerged businesses of Vedanta, continued upward momentum on Thursday, June 18, 2026, even as benchmark indices remained volatile amid mixed global cues as the Federal Reserve held interest rates steady, as widely anticipated but implied that at least one quarter-point rate hike would come later this year. The stock started the trading session at Rs 42.70, a gain of Rs 0.55 or 1.30 against the previous close of Rs 42.15 on the BSE. The counter gained further, hitting an intraday high of Rs 43.70, a 3.67 per cent gain from the…

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18

Jun

By The Press Editor

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Business

Market Opening Bell: Sensex falls 24 points, Nifty holds 24,050, IT stocks drag amid mixed global cues | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, failed to extend the positive momentum and opened lower on June 18, 2026, amid mixed global cues, with US stock markets falling around 1 per cent amid anticipation of a rate increase later this year. While the 30-share BSE Sensex fell 23.96 points to start the session at 77,131.66, the Nifty fell 11.9 points to open at 24,073.80. In the last trading session, the Sensex closed at 77,155.62 and the Nifty 50 at 24,085.70.     From the Sensex pack, Trent, BEL, L&T, Adani Ports, and Indigo were among the top gainers,…

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17

Jun

By The Press Editor

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Business

Meerut-Rishikesh Namo Bharat train extension approved: How will it transform Delhi UP and Uttarakhand travel? | Business

New Delhi: Travel between Delhi, western Uttar Pradesh, and Uttarakhand is set to become significantly faster with the proposed extension of the semi-high-speed regional rail service, Namo Bharat, to Rishikesh. Officials said on Wednesday that the Uttarakhand and Uttar Pradesh governments, along with the National Capital Region Transport Corporation (NCRTC), have agreed to extend the semi-high-speed rail corridor to the holy town. Delhi to Rishikesh in 3 hours According to an official statement, the existing 82-km Namo Bharat corridor between Sarai Kale Khan in Delhi and Modipuram in Uttar Pradesh's Meerut will be extended by around 150 km to Lakshman…

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17

Jun

By The Press Editor

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Business

India-UK free trade pact takes effect on July 15: Why it could be a game-changer for India | Business

New Delhi: The India-UK free trade agreement will come into effect on July 15 this year, the commerce ministry said on Wednesday. The Comprehensive Economic and Trade Agreement (CETA) was inked on July 24 last year. "In a major stride for India's global economic engagement, India and the United Kingdom today announced that the CETA will enter into force on 15th July 2026," the ministry said in a statement. Simultaneously, the Agreement on Social Security -- referred to as the Double Contribution Convention (DCC) -- will also come into effect on July 15, it said. Earlier, Union Minister for Commerce…

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17

Jun

By The Press Editor

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Business

Indian Railways launches Pune-Shirdi Express Train: Check route, full schedule, stoppages | Business

Pune: Union Railway Minister Ashwini Vaishnaw on Wednesday flagged off the Pune-Sainagar Shirdi Express, a new rail service aimed at improving connectivity with the pilgrimage town, noting that various measures would help double Pune railway's capacity over the next three years. Maharashtra Chief Minister Devendra Fadnavis joined the programme virtually from his official residence in Mumbai. State legislative council chairman Ram Shinde was present at the Mumbai event, according to a statement from the Chief Minister's Office. Officials said the new train service would provide a convenient, affordable and comfortable travel option for devotees travelling from Pune and nearby areas…

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17

Jun

By The Press Editor

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Business

Changing evaluation matrix: Location alone no longer sufficient for South Delhi’s luxury housing market | Business

New Delhi: For decades, South Delhi has been synonymous with high status in NCR real estate. Places like Defence Colony, New Friends Colony and Greater Kailash have always carried connotations of elitism and social class. Having a home here serves as a status symbol. But as the luxury real estate market in India develops, the notion of ‘value’ in South Delhi might become a bit more than that. The number of residential supplies in Delhi-NCR was up by 28.6 per cent year-on-year (YoY) in Q1 of 2026. House sales increased by 11.4 per cent in the quarter, indicating consistent interest…

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17

Jun

By The Press Editor

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Business

Amrit Bharat Express train between Danapur and Pune – Check route, stoppages and timings | Business

New Delhi: Bihar is set to receive another Amrit Bharat Express train. The Union Railway Minister will flag off this new Amrit Bharat Express train, which will run between Danapur in Bihar and Pune in Maharashtra, on Wednesday. This new train will pass through major locations in Bihar, Uttar Pradesh, Madhya Pradesh, and Maharashtra. Central Railway has shared all the necessary information related to the new Amrit Bharat Express train running between Danapur and Pune. Amrit Bharat Express Danapur, Pune Train Number Train No 11431 Pune-Danapur Amrut Bharat Express from Pune to Danapur will depart from Pune every Saturday at…

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17

Jun

By The Press Editor

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Business

Sensex, Nifty extend winning run to fourth consecutive session, Trent jumps over 7% | Markets

Mumbai: Benchmark stock indices Sensex and Nifty rose for the fourth consecutive session on Wednesday, propelled by a further decline in crude oil prices and firm buying in metal and IT stocks. The 30-share BSE Sensex jumped 347.14 points or 0.45 per cent at 77,155.62. During the day, it hit a high of 77,218.99 and a low of 76,768.49, gyrating 450.5 points. The 50-share NSE Nifty zoomed 96.55 points or 0.40 per cent to settle at 24,085.70. The broader market performed in tandem with the benchmarks. While the BSE MidCap Select Index surged 1.20 per cent, the BSE SmallCap Select…

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