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Navratna PSU Hudco declares interim dividend along with Q2 profit results, check amount and other details
05
Nov
By The Press Editor
Business

Navratna PSU Hudco declares interim dividend along with Q2 profit results, check amount and other details

Shares of Navratna public sector undertaking (PSU) Housing and Urban Development Corporation Ltd (Hudco) will be in focus as the company has reported a 28 per cent rise in net profit and recommended a second interim dividend for the financial year (FY) 2026-27 and also shared details of the payment of the interim dividend. In the last trading session, the stock ended in green with a gain of over 5 per cent as market benchmark indices Sensex and Nifty extended their rally for the fifth day running, propelled by foreign fund inflows and easing crude oil prices. Hudco Dividend Details…
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AI-driven cyberattacks could put banks at risk of multi-crore fraud, Indian agencies warn
04
Nov
By The Press Editor
Business

AI-driven cyberattacks could put banks at risk of multi-crore fraud, Indian agencies warn

India's cyber security agencies have flagged a growing trend of financially motivated cyber attacks targeting banks, non-banking financial companies (NBFCs) and fintech firms. The National Cybercrime Threat Analysis Unit (NCTAU) of the Indian Cyber Crime Coordination Centre (I4C), along with CERT-In under the Ministry of Electronics and Information Technology, said attackers are using Artificial Intelligence (AI) agents to carry out compromises at machine speed. The agencies said individual cases have involved unauthorised transactions worth several crores through fund disbursement systems and application programming interfaces (APIs). They have advised financial institutions to urgently strengthen their cyber security measures, monitor transactions and…
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Gold jumps Rs 4,800 per 10 g, silver surges Rs 9,000 per kg ahead of Dhanteras
04
Nov
By The Press Editor
Business

Gold jumps Rs 4,800 per 10 g, silver surges Rs 9,000 per kg ahead of Dhanteras

Gold and silver prices surged in Delhi's bullion market on Wednesday, just ahead of Dhanteras, as festive demand picked up and precious metals recovered sharply in global markets. Gold rose by Rs 4,800 to reach Rs 1,46,600 per 10 grams, according to the All India Sarafa Association. Silver also saw a strong rally, climbing Rs 9,000 to Rs 1.93 lakh per kg. The sharp rise came after prices had closed at Rs 1.84 lakh per kg on Tuesday. Analysts said the recovery in international markets, along with increased domestic festive buying, supported the gains. Gold rises to Rs 1,46,600 per…
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Apparel stock below Rs 50 gains over 4% after announcement of September quarter results
04
Nov
By The Press Editor
Business

Apparel stock below Rs 50 gains over 4% after announcement of September quarter results

Shares of textiles exporter Vishal Fabrics jumped over 4 per cent on Wednesday after the company announced its financial results for the quarter and half-year ended September 30, 2026. Amid this, the stock opened in the red at Rs 16.15, down from the previous close of Rs 16.26 on the BSE. However, the counter rebounded amid positive momentum in the benchmark indices and touched the intraday high of Rs 17, representing a gain of Rs 0.74 or 4.55 per cent. Last seen, the stock held firmly in the green at Rs 16.62, up Rs 0.36 or 2.21 per cent. The…
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Benchmark indices end higher for 5th straight session, Nifty Realty, Metal jump nearly 3%
04
Nov
By The Press Editor
Business

Benchmark indices end higher for 5th straight session, Nifty Realty, Metal jump nearly 3%

Benchmark indices Sensex and Nifty registered gains for the fifth straight session. The 30-share BSE Sensex closed 383.55 points, or 0.50 per cent, higher at 77,301.40. During the day, the benchmark hit a high of 77,396.04 and a low of 76,604.85, gyrating 791.19 points. Similarly, the 50-share NSE Nifty added 149.75 points or 0.63 per cent to close at 23,960.60. Similarly, the broader market ended the session in the green. The BSE MidCap Select Index added 142.58 points, or 0.81 per cent, while the BSE SmallCap Select Index gained 209.38 points, or 2.40 per cent.ย  Among sectoral indices, Nifty Media…
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Diwali gift for employees, pensioners as Punjab government announces 3% dearness allowance hike
04
Nov
By The Press Editor
Business

Diwali gift for employees, pensioners as Punjab government announces 3% dearness allowance hike

Punjab Chief Minister Bhagwant Mann has announced a 3 per cent increase in dearness allowance (DA) for government employees. The same increase in dearness relief will also apply to pensioners. Addressing the media, the Chief Minister said this decision will benefit around 8 lakh government employees and pensioners. "A Diwali gift is being given from the state government to eight lakh employees and pensioners. A 3 per cent instalment of DA will be released," Mann said. With the 3 per cent hike, the total DA rate reached 53 per cent. DA rate from 28% to 53% Mann said the DA…
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Why midcaps and smallcaps are slumping despite Nifty recovery, expert explains
04
Nov
By The Press Editor
Business

Why midcaps and smallcaps are slumping despite Nifty recovery, expert explains

The continued underperformance of midcap and smallcap stocks is largely driven by panic selling, particularly among investors who entered the market during COVID and have not experienced this kind of correction before. The market has underperformed over the past two years, and since January, investors have seen a nearly 15 per cent correction in the Nifty. While midcap and smallcap stocks continued to rise after March, even as the Nifty declined, September marked a sharp correction, with the pressure extending into October. Divergence Between Largecaps and Broader Markets While the Nifty recovered to near-flat returns in October after falling around…
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Cabinet approves Rs 2,814-crore scheme to promote critical mineral processing
04
Nov
By The Press Editor
Business

Cabinet approves Rs 2,814-crore scheme to promote critical mineral processing

The government has approved a Rs 2,814 crore scheme to promote processing of critical minerals such as lithium and nickel. The Cabinet, chaired by Prime Minister Narendra Modi, took the decision along with several others. Information and Broadcasting Minister Ashwini Vaishnaw shared the information during a press briefing. While sharing the details, Vaishnaw said that India's Critical Minerals Mission has been progressing in a systematic and methodical manner.ย  "A major decision taken today is the approval of a scheme for the processing of critical minerals. The scheme will focus on processing raw materials, whether obtained through mining or recycling, to…
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Home loan or full payment? How rising interest rates change the financial equation for homebuyers
04
Nov
By The Press Editor
Business

Home loan or full payment? How rising interest rates change the financial equation for homebuyers

While upfront payment eliminates interest costs, a home loan preserves liquidity and spreads the financial commitment over time. With the RBI raising the repo rate to 5.50 per cent in October 2026 and home loan rates ranging from approximately 7.35 per cent to 7.80 per cent per annum, the cost of borrowing deserves careful consideration. Ultimately, the decision hinges on borrowing costs, potential investment returns, income stability and the need to maintain an adequate emergency fund. The numbers behind the decision Consider a property priced at Rs 1 crore. A buyer choosing full payment would pay the entire amount upfront,…
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