Business

06

Aug

By The Press Editor

Business

Sensex gains 373 points, Nifty flat amid rally in PSU bank stocks, auto and IT shares drag

Mumbai: Benchmark indices Sensex and Nifty ended in the green with a wider-than-usual divergence between the two benchmark indices, even as today marks the fourth trading session under the new Closing Auction Session (CAS) framework. The 30-share BSE Sensex closed 373.76 points or 0.48 per cent higher at 78,954.76. During the day, the benchmark hit a high of 78,954.76 and a low of 78,633.73, gyrating 321.03 points. However, the 50-share NSE Nifty ended flat with a gain of just 11.35 points or 0.05 per cent. The broader market ended the session in the green. While the BSE MidCap Select Index…

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06

Aug

By The Press Editor

Business

Cabinet clears 135.87 km Guwahati-Tezpur corridor of NH-15 in Assam: All you need to know about Rs 8,970 crore project

New Delhi: The Cabinet on Thursday (August 6) approved the development of 135.871 km, four-lane access-controlled Guwahati-Tezpur Corridor of NH-15  in Assam. According to an official statement, the project will be developed on a build-operate-transfer (BOT) Toll Mode at a total cost of Rs 8970.20 crore. The project envisages construction of an Emergency Landing Facility (ELF) (4.9 Km) in Tezpur Bypass, which have been finalised in coordination with IAF and would decongest existing NH-27 (East-West Corridor) on the south side of the Brahmaputra River. Project to include construction of five bypasses The project includes construction of five major bypasses of…

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06

Aug

By The Press Editor

Business

Ardee Industries IPO subscription enters second day, here’s what latest grey market price suggests

Mumbai: The initial public offer of Ardee Industries is getting a decent response from investors and has received 12.15 times subscription on the second day of bidding on Thursday so far. According to information available on the National Stock Exchange (NSE), the IPO received bids for 70,95,78,671 shares against 5,84,22,516 shares on offer. The category for non-institutional investors was subscribed 24.87 times, while the retail investor quota received 12.81 times subscription. The portion for Qualified Institutional Buyers (QIBs) was subscribed 1.21 times. Ardee Industries raises Rs 128 crore Ahead of IPO, Ardee Industries Ltd, a leading firm in secondary metals…

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06

Aug

By The Press Editor

Business

No proposal to blend ethanol with jet fuel, Aviation Minister Rammohan Naidu on claims made by Kejriwal

New Delhi: Civil Aviation Minister K Rammohan Naidu on Thursday rejected claims of ethanol blending in aviation turbine fuel (ATF). Naidu said there is no proposal to do so and that spreading misinformation on aviation safety creates needless anxiety among air travellers. The clarification came after former Delhi Chief Minister and Aam Aadmi Party (AAP) national convenor Arvind Kejriwal claimed that he learned from sources that the government was planning to blend ethanol with ATF. Naidu stressed that ethanol and Sustainable Aviation Fuel (SAF) are entirely different and should not be conflated. The minister added that SAF is an internationally…

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06

Aug

By The Press Editor

Business

Smallcap stock in focus as company’s net profit rises 26.6% in April-June quarter, check share price

Mumbai: Shares of Standard Engineering are in focus today as the company has announced its financial results for the April-June quarter of the financial year 2026-27. The stock opened higher, with benchmark indices Sensex and Nifty gaining in the opening trade amid lower crude oil prices. The counter opened at Rs 282.65, with a gain of Rs 4.55 or 1.63 per cent from the previous close of Rs 278.10 on the BSE. Amid a more than 1.36-fold increase in trading volume, the stock rose to an intraday high of Rs 289.65, up Rs 11.55. Last seen, the stock was trading…

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06

Aug

By The Press Editor

Business

SBI FD interest rate: Check interest offered on 12-month fixed deposits, benefits for senior citizens

New Delhi: State Bank of India (SBI), India's largest public sector lender, offers competitive interest rates on fixed deposits. Not only that, but the public sector bank also offers additional interest on fixed deposits to senior citizens, i.e., those above 60 years of age. Here, we are going to tell you about the interest rate being offered by the State Bank of India on a 12-month fixed deposit.  How much interest is SBI paying on a 12-month FD? The country's largest public sector bank is offering its customers interest rates ranging from 6.25 per cent to 6.85 per cent on…

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06

Aug

By The Press Editor

Business

Are you waiting for plastic currency notes? RBI Governor hints at possible timeline, check details

New Delhi: The Indian government is preparing to introduce polymer, or plastic, notes. However, the common man will have to wait a little longer to get their hands on polymer currency notes. For those who have been eagerly awaiting plastic notes and wondering when they will be made available, Reserve Bank of India (RBI) Governor Sanjay Malhotra has shared an important update on the planned issuance of plastic notes. When will plastic notes be issued? Responding to media questions after the Monetary Policy Committee's decisions were announced on Wednesday, Malhotra said that the RBI is preparing to issue polymer, or…

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06

Aug

By The Press Editor

Business

Gold gains Rs 1,200 per 10 grams on MCX on Hormuz reopening hopes, silver remains volatile | Check city-wise rates

Mumbai:  Rates of precious metals in futures traded mixed on Thursday, August 6, 2026, on growing hopes over the Strait of Hormuz reopening and a decline in the US dollar. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 536 or 0.36 per cent at Rs 1,49,029 per 10 grams against the previous close of Rs 1,48,493. It further touched the intraday high of Rs 1,49,700, a gain of Rs 1,207 or 0.81 per cent. Last seen, it was trading at Rs 1,49,631, up Rs 1,138 (0.77 per cent). In between, it…

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06

Aug

By The Press Editor

Business

MV Electrosystems shares make strong debut on bourses, Juniper Green Energy stock lists at 9% premium

Mumbai: Shares of MV Electrosystems Ltd made a strong debut on bourses, listing at Rs 520 on the National Stock Exchange (NSE), a premium of 22.35 per cent over the issue price of Rs 425. On the BSE, shares settled at Rs 519. On the other hand, shares of  Juniper Green Energy listed at Rs 245 on the National Stock Exchange (NSE), a premium of 8.89 per cent over the issue price of Rs 225. On the BSE, the shares settled at Rs 242. While MV Electrosystems was subscribed to a whopping 188.85 times on the closing day of bidding,…

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06

Aug

By The Press Editor

Business

Hospital sector stock in focus amid update on share price, year-to-date return is 90.28%

Mumbai: Shares of Hospital chain Park Medi World recently stated that it will acquire Mehar Hospital, Zirakpur, a multi-super speciality facility, in an all-cash transaction for Rs 107 crore. The acquisition will strengthen its presence in the Tricity area of Mohali, Chandigarh and Panchkula. According to information shared with the exchanges, it is expected to be commissioned under the Park brand in November 2026. Shares of the company are expected to be in focus again during today's trading session, as the brokerage firm Choice Institutional Equities reiterated its 'BUY' rating on the stock with a target price of Rs 350, highlighting an…

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