Business

21

Jan

By The Press Editor

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Business

Gold, silver hit new record highs on MCX amid renewed trade-war concerns | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price was up by 2.13 per cent to approximately USD 4,867.4 per troy ounce. The spot gold price at 10:40 am was USD 4,865.87 per ounce, up by USD 104.74 or 2.20 per cent. Mumbai: Rates of precious metals in futures trade continued to surge on Wednesday, January 21, 2026, amid renewed trade-war concerns after President Trump escalated tariff threats on select European nations opposing US control over Greenland, with proposed duties rising from 10% in February to 25 per cent by June. The gold February 5…

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21

Jan

By The Press Editor

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Business

Market Opening Bell: Sensex falls 385 points, Nifty below 25,150 amid weak global cues

Sensex, Nifty Today: In early trade, market breadth was negative, with 936 stocks advancing against 1,636 stocks declining on the NSE. 109 stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the red on Wednesday, January 21, 2026, amid weak global cues, as a global sell-off was triggered by renewed trade-war concerns after President Trump escalated tariff threats against select European nations opposing US control over Greenland. While the 30-share BSE Sensex shed 385.82 points to start the session at 81,794.65, the Nifty fell 91.5 points to open at 25,141. In the last trading session,…

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21

Jan

By The Press Editor

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Business

Amagi Media Labs IPO listing LIVE: Check latest GMP as stock set to debut on bourses

Amagi Media Labs IPO listing on NSE, BSE: The Bengaluru-based company, founded in 2008, raised about Rs 805 crore from anchor investors ahead of the public issue. Mumbai: The initial public offering (IPO) of cloud-based software-as-a-service (SaaS) company Amagi Media Labs Ltd received 30.22 times subscription on the final day of bidding on Friday. According to the data available on the National Stock Exchange (NSE), the issue received bids for 82,40,12,260 shares against 2,72,66,589 shares on offer. Ahead of the IPO, the company raised about Rs 805 crore from anchor investors. The Bengaluru-based company, which was founded in 2008, provides…

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21

Jan

By The Press Editor

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Business

Union Budget 2026: Steel industry seeks support for scrap usage, faster green steel transition

In its budget wishlist, the Indian Steel Association (ISA) has sought measures to promote increased use of scrap for green steel production. New Delhi: Ahead of the Union Budget, stakeholders from the domestic steel industry have urged the government to introduce measures to promote greater use of scrap in green steel production, a priority as India intensifies efforts to cut carbon dioxide emissions. Green steel production focuses on adopting low-carbon technologies and increasing the use of alternative raw materials, including scrap, to reduce the sector’s environmental footprint. Steel Association seeks measures to promote increased use of scrap  In its pre-budget…

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20

Jan

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Business

Union Budget 2026: Electricity Amendment Bill likely in February session | All you need to know

The government is preparing to introduce the Electricity Amendment Bill in the upcoming Budget session with the goal of improving discom finances and streamlining reforms in the power sector. While profits have begun to return for many utilities, several discoms remain loss-making. New Delhi: Union Power Minister Manohar Lal Khattar on Monday indicated that the long-awaited Electricity Amendment Bill is expected to be introduced in the upcoming Budget session of Parliament. The proposed legislation aims to overhaul the power sector and help debt-laden distribution companies regain financial stability. Lal made these remarks during the inauguration of the IIT Delhi CERC…

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20

Jan

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Business

India far ahead of the US, China and Pakistan in new Responsible Nations’ Index

Responsible Nations' Index (RNI) is a first-of-its-kind global index that evaluates countries based on how responsibly they exercise power towards their citizens, global community and the planet. New Delhi: India is far ahead of nations like the United States, China and Pakistan in the Responsible Nations' Index (RNI) launched by former President Ram Nath Kovind. While Singapore ranked first, Switzerland was second and Denmark third. The Central African Republic stood last on the 154-nation index. India's neighbour, Pakistan, was in the 90th place. China was ranked 68th and the US 66th, according to the RNI. What is the Responsible Nations'…

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20

Jan

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Business

AM Green Group signs MoU with UP government for 1 GW compute data centre, check details

This facility will be designed to meet the requirements of global hyperscalers, frontier labs, enterprises, and India’s sovereign AI initiatives at scale and in a speedy manner using carbon-free energy. Lucknow: AM Green Group, an energy transition platform backed by the founders of Greenko Group, has signed a Memorandum of Understanding (MoU) with InvestUP, the Government of Uttar Pradesh, to establish a 1 GW data centre to serve global AI workloads. AM Green will establish an AI infrastructure hub in the Greater Noida region in Uttar Pradesh. This grand-scale project will be developed in a phased manner, with the first…

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20

Jan

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Business

Are second homes becoming primary lifestyles? Here’s what experts have to say

Market data by real estate consulting firm ANAROCK Group states the luxury second-home market segment is valued at over USD 3 billion, growing at more than 20 per cent annually. New Delhi: Second homes in India are undergoing a decisive shift, from being seen as passive assets or occasional holiday getaways to becoming active lifestyle choices. The rise of work-from-anywhere models, flexible corporate policies, and a growing base of entrepreneurs and consultants has untethered the idea of home from a fixed office location. As a result, buyers are increasingly comfortable treating second homes as semi-primary residences, spending extended periods away…

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20

Jan

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Business

Gold crosses Rs 1.5 lakh/10g-mark as prices surge; silver hits fresh record at Rs 3.23 lakh/kg

According to the All India Sarafa Association, gold of 99.9 per cent purity rose by Rs 5,100 to trade at Rs 1,53,200 per 10 grams, inclusive of all taxes. In the previous session, the yellow metal had closed at Rs 1,48,100 per 10 grams. New Delhi: Gold prices jumped sharply in the national capital on Tuesday, crossing the Rs 1.5 lakh level for the first time, as strong demand at home and firm global trends lifted the market. According to the All India Sarafa Association, gold of 99.9 per cent purity rose by Rs 5,100 to trade at Rs 1,53,200…

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20

Jan

By The Press Editor

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Business

Budget 2026: Will digital and climate-smart farming get a major boost? Agriculture sector pins high hopes

Budget 2026: According to industry experts, the Union Budget 2026-2027 presents a significant opportunity to transform agriculture into a robust engine of economic growth from being merely considered a welfare sector. New Delhi: Prior to the introduction of the Union Budget 2026 by Finance Minister Nirmala Sitharaman on February 1 on the floor of the parliament, industry leaders and experts from the agriculture sector have appealed to the government to increase investment in digital infrastructure and climate-smart farming, while also prioritising the adoption of modern technologies. Agriculture experts believe these steps will be instrumental in bringing about a significant transformation…

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