Business

17

Mar

By The Press Editor

0 Comments

Business

Market Opening Bell: Sensex, Nifty open in green amid positive global cues as oil prices ease

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the green on Tuesday, March 17, 2026, amid positive global cues and easing crude oil prices. While the 30-share BSE Sensex gained 323.83 points to start the session at 75,826.68, the Nifty added 84.4 points to open at 23,493.20. In the last trading session, the Sensex closed at 75,502.85 and the Nifty 50 at 23,408.80. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 43.68 points, or 0.28 per cent, in the early trading session, the BSE Smallcap Select…

Read More

16

Mar

By The Press Editor

0 Comments

Business

Stock under Rs 50 in focus as CRISIL assigns new rating with stable outlook, check share price

Mumbai: Shares of frozen meat exporter HMA Agro Industries are in focus today after the company said in its latest exchange filing that CRISIL Ratings Limited has issued a new credit rating for its bank facilities. According to the information shared, CRISIL has assigned the company's bank loan facilities totalling Rs 1,250 crore a long-term rating of BBB+ (Stable Outlook) and a short-term rating of A2. This indicates that the company's debt servicing capacity is considered satisfactory and that its financial position is expected to remain stable in the near term. Share price today The stock started the trading session…

Read More

16

Mar

By The Press Editor

0 Comments

Business

What are the implications when property is passed to heirs – All you need to know

New Delhi: Property succession in India is often viewed through a simple lens: once the owner passes away, the asset moves to the legal heirs. Since India currently does not levy an inheritance or estate tax, many families assume that the process is largely frictionless. In practice, however, the transfer of property to heirs can carry several financial and administrative implications that are not always anticipated. Mutation of records  According to Ashish Nasa, Managing Director & CEO, Universal Trustees, the first point that requires attention is the process of title transmission. "Unlike movable financial assets, where nomination or account transfer…

Read More

16

Mar

By The Press Editor

0 Comments

Business

Outlook for India’s luxury housing segment appears firmly positive amid volatile global economy: Experts

New Delhi: Amid persistent inflationary pressures, fluctuating interest rate cycles, and ongoing geopolitical tensions, global financial markets have remained volatile over the past few years, prompting investors to reassess traditional portfolio strategies. Equity markets in several economies have seen sharp swings, while uncertainty around global growth has further reinforced the need for stability in investment choices. In this environment, tangible assets are once again drawing attention.  In India, luxury housing is steadily emerging as a preferred option among affluent investors who are looking beyond lifestyle aspirations and viewing premium residential properties as long-term wealth assets. With strong demand, limited supply…

Read More

16

Mar

By The Press Editor

0 Comments

Business

India Post’s premium express deliver ’24 Speed Post’ promises next-day guaranteed delivery: Full details

New Delhi: To compete with private courier and logistics companies, the central government has made significant changes to India Post's regulations. New premium services, such as "24 Speed ​​Post," "48 Speed ​​Post," and "24 Speed ​​Post Parcel," have been introduced for faster delivery of documents and parcels. All these new premium services will be available from March 17, 2026. Services to be available in 6 cities New tariffs and categories for time-bound delivery have been added by amending the provisions of the Post Office Regulations, 2024. According to the notification, these services will initially be launched between six major cities:…

Read More

16

Mar

By The Press Editor

0 Comments

Business

Apply for new PNG connection and get free gas worth Rs 500, check full details here

New Delhi: Amid a shortage of LPG (liquified petroleum gas) cylinders in the country due to the near-shutting of the Strait of Hormuz because of the ongoing war between the US, Israel, and Iran, the government on Monday said that gas distribution companies have rolled out incentives to encourage new PNG (piped natural gas) connections. During a press briefing in the national capital, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) at the Ministry of Petroleum and Natural Gas, said that customers can apply for a new PNG connection through email, customer portal, letter or call centre of the respective…

Read More

16

Mar

By The Press Editor

0 Comments

Business

Kotak Mahindra Mutual Fund raises stake in this recently listed stock, check share price

Mumbai: Shares of North India-based hospital chain Park Medi World are in focus as the company has informed exchanges that Kotak Mahindra Mutual Fund has purchased shares of Park Medi World Ltd., increasing its stake in the company to more than 5 per cent. The investment was made through various schemes of the mutual fund. "We would like to inform you that Kotak Mahindra Mutual Fund (KMMF) has acquired equity shares of Park Medi World Limited, constituting more than 5.00% of the issued equity share capital of the company," Kotak said.  Mutual Fund Holding Crosses 5 Per Cent Prior to…

Read More

16

Mar

By The Press Editor

0 Comments

Business

NBFC stock in focus amid board meet to consider fundraising via non-convertible debentures, details here

Mumbai: Shares of Paisalo Digital, a non-banking financial company, are in focus after the company made two important announcements to the exchanges. The company has stated that the operations and finance committee of its board of directors will meet on March 18, 2026. The committee will consider the issuance of non-convertible debentures (NCDs) through private placement and approve their allotment. Company Receives New Credit Rating In another filing, the company stated that it already holds a rating from Infomerics Analytics and Research Private Limited. In addition, it has received a new credit rating from Brickwork Ratings India Private Limited for…

Read More

16

Mar

By The Press Editor

0 Comments

Business

Market Opening Bell: Sensex falls 138 points, Nifty near 23,100 amid sustained FII selling

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a negative note on Monday, March 16, 2026, amid sustained heavy selling by FIIs and the weakness in the rupee due to the ongoing US-Israel-Iran war. While the 30-share BSE Sensex shed 138.13 points or 0.19 per cent to start the session at 74,415.79, the Nifty fell 35 points to open at 23,116.10. In the last trading session, the Sensex closed at 74,563.92 and the Nifty 50 at 23,151.10. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select…

Read More

16

Mar

By The Press Editor

0 Comments

Business

Gold falls to Rs 1.56 lakh per 10 grams, silver drops 2.29% on MCX, check key levels to watch

Mumbai: Rates of precious metals in futures continued to trade lower on Monday, March 16, 2026 as investors closely track geopolitical developments in West Asia. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 1,119 or 0.70 per cent at Rs 1,57,347 per 10 grams against the previous close of Rs 1,61,634. It later fell to touch the low of Rs 1,56,254, a dip of Rs 2,211 or 1.39 per cent. Last seen, it was trading at Rs 1,56,423 with a fall of Rs 2,04 or 1.29 per cent. On the MCX,…

Read More