Business

23

Jan

By The Press Editor

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Business

Budget 2026: Government may table key Electricity Amendment Bill to tackle DISCOM losses

The upcoming Electricity Amendment Bill will address challenges, including losses and debt of power distribution companies (DISCOMs), non-cost-reflective tariffs, and excessive cross-subsidies. New Delhi: The upcoming budget session, starting on February 1, is slated to bring landmark changes in the power sector, as the concept of cost-reflective tariffs has been included in the Electricity Amendment Bill, which aims to reduce losses for power distribution companies (Discoms).  Cost-reflective tariffs become crucial in the backdrop of the long-standing debt and losses faced by power distribution companies in the country.  In his address to the first annual conference of the All-India Power Distribution…

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23

Jan

By The Press Editor

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Business

Budget 2026: Big defence budget boost after Operation Sindoor? Here’s where the government may focus

Reports suggest that the increased budgetary allocation to the defence sector could be used to meet the needs of the armed forces, which include essential procurement and research and development. New Delhi: With the Union Budget 2026-27 round the corner, experts believe that the defence sector is likely to see an increased allocation in the wake of geopolitical challenges emerging in the recent past. Following India’s successful anti-terror campaign last year—Operation Sindoor—the government is likely to place special attention on the defence sector as it will stress enhanced capital expenditure.  Experts are also of the view that the government is…

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23

Jan

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty start session in green amid positive global cues

Sensex, Nifty Today: In early trade, market breadth was negative, with 2972 stocks advancing against 1,395 stocks declining on the NSE. 87 stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the green on Friday, January 23, 2026, amid positive global cues. While the 30-share BSE Sensex added 28.57 points to start the session at 82,335.94, the Nifty added 54.7 points to open at 25,344.60. In the last trading session, the Sensex closed at 82,307.37 and the Nifty 50 at 25,289.90. Similarly, the broader indices traded in the green in the opening session. While the…

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23

Jan

By The Press Editor

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Business

Gold gains Rs 2,885 on MCX, silver hits new high of Rs 3,39,927 | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price was up by 0.91 per cent to approximately USD 4,958.2 per troy ounce. Mumbai: Rates of precious metals in futures trade rebounded on Friday, January 22, 2026, to hit all-time peaks due to weakness in the US dollar and heightened geopolitical risks. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 2,548 at Rs 1,58,889 per 10 grams against the previous close of Rs 1,56,341. It gained further to hit the intraday high of Rs 1,59,226, a…

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23

Jan

By The Press Editor

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Business

Budget 2026: A make-or-break for housing sector – Here’s what real estate expects

The stress in India’s affordable housing segment has become increasingly hard to ignore, even as luxury and premium home sales continue to post robust growth. New Delhi: Budget 2026 is shaping up to be a defining moment for India’s real estate sector, as policymakers grapple with a widening divergence between booming luxury housing and a steadily weakening affordable segment. While premium and high-end homes have continued to attract strong buyer interest and capital inflows, the mass housing market, critical for first-time buyers and urban workforce absorption, has struggled under rising input costs, tighter margins and waning incentives. Against this backdrop,…

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23

Jan

By The Press Editor

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Business

This jewellery stock to be in focus as company allots 6.85 crore shares following warrant conversion, details

The conversion rate for these warrants was at an adjusted issue price of Rs 5.62 per share, which includes a premium of Rs 4.62 per share. Mumbai: Shares of Delhi-based PC Jeweller will be in focus today, i.e. on January 23, 2026, as the company has informed exchanges about the allotment of 6,85,50,000 equity shares through the conversion of fully convertible warrants. In an exchange filing, the company said that the board of directors of the company, through a circular resolution, approved the allotment of 6,85,50,000 equity shares having a face value of Re 1 each. The allotment is part…

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22

Jan

By The Press Editor

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Business

World Economic Forum: India to grow by 6-8% in real terms in next 5 years, says Ashwini Vaishnaw

Union minister Ashwini Vaishnaw highlighted the importance of simplification of permissions and affirmed that the average time for installation of telecom tower has decreased from 270 days to 7 days, with 89 per cent permissions coming in zero time. Davos: India will keep growing by 6-8 per cent in real terms and 10-13 per cent in nominal terms over the next five years, supported by moderate inflation and strong growth, Union minister Ashwini Vaishnaw said on Wednesday. Speaking here in a session on 'Bet on India - Bank on the Future' organised by CII in association with EY on the…

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22

Jan

By The Press Editor

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Business

One Tap to Safety: Govt weighs ‘kill switch’ for UPI, bank apps to stop digital frauds

During a digital arrest, scammers rely on keeping victims on calls for hours or days, preventing them from seeking help while forcing them to transfer funds. New Delhi: Amid rising cases of digital arrest and online fraud, the Union Ministry of Home Affairs (MHA) is reportedly evaluating a high-tech 'kill switch' and a first-of-its-kind fraud insurance mechanism. According to media reports, the 'kill switch' will be integrated directly into users' UPI and mobile banking applications and, when pressed, will freeze all banking operations and financial transactions on their accounts. The reports hold significance as there has been a surge in…

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22

Jan

By The Press Editor

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Business

When was India’s first budget presented, and by whom? Interesting facts you should know

In contrast to today’s budgets, which keep in mind the welfare of ordinary Indians, the first budget was prepared keeping in mind the economic needs of the colonial administration. New Delhi: As India braces for the Union Budget to be tabled in Parliament on February 1st, several trivia regarding this crucial process of Indian democracy are doing the rounds. As Finance Minister Nirmala Sitharaman delivers the budget speech, people often wonder when the tradition of presenting the budget began in India and what historical significance it holds.  First budget of colonial India The first budget in India was presented on…

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22

Jan

By The Press Editor

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Business

IndiGo shares to be in focus when markets open as Q3 profit plunges 78%, check details

Indigo Share Price: In the third quarter of the current financial year, IndiGo faced massive flight disruptions last month. Mumbai: Shares of InterGlobe Aviation Ltd (INDIGO) will be on investors' radar when markets open on Friday, i.e., January 23, 2026, after the company reported a 78 per cent decline in profit to Rs 549.1 crore for the three months ended December 2025. The country's largest airline had a profit of Rs 2,448.8 crore in the year-ago period, according to a regulatory filing. In the third quarter of the current financial year, InterGlobe Aviation, the parent of IndiGo, recorded a total…

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