Business

12

Mar

By The Press Editor

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Business

Gold price falls by Rs 713 per 10 grams on MCX, silver remains volatile | Check city-wise rates

Mumbai: Rates of precious metals in futures opened lower on Thursday, March 12, 2026, with Brent crude approaching the USD100 per barrel mark following escalating geopolitical tensions involving the US, Israel, and Iran in West Asia. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,010 or 0.62 per cent at Rs 1,62,799 per 10 grams against the previous close of Rs 1,61,789. However, it soon fell to touch the low of Rs 1,61,076, a dip of Rs 713 or 0.44 per cent. Last seen, it was trading at Rs 1,61,454 with…

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12

Mar

By The Press Editor

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Business

PSU Dividend Stock: RailTel shares to be in focus ahead of ex-date for interim dividend, check amount, record date

Mumbai: Shares of RailTel Corporation of India (RailTel), a state-owned company, will be in focus as they will trade ex-date for the dividend soon. This is an opportunity for investors to earn additional profit amid stock market volatility. Indian benchmark indices Sensex and Nifty ended nearly 2 per cent lower amid growing tensions in West Asia, which unnerved investors. Besides, sustained foreign fund outflows and selling in blue-chip bank stocks added to the pressure. Amid this, there is an opportunity for investors to be eligible for an interim dividend announced by the Railway Ministry's public sector undertaking. RailTel Dividend Amount …

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12

Mar

By The Press Editor

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Business

LPG Shortage News LIVE: 800 hotels in Thane may shut operations, long queues outside gas agencies

New Delhi: The ongoing war in West Asia has affected the global supply of liquified petroleum gas (LPG), and India is no exception. The widening conflict in the Middle East has largely halted shipments through the Strait of Hormuz, which was the conduit for most of India's oil, gas, and LPG needs. This has created an LPG shortage in the country. While India scrambles to seek alternative crude sources from countries like Russia, LPG and LNG supplies remain constrained, and shortages are affecting businesses nationwide, from restaurants and crematoriums to ceramic units and even production units. The restaurant industry is…

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12

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex tumbles 500 points, Nifty falls nearly 1% as Brent crude surges above $100

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened sharply lower on Thursday, March 12, 2026, with Brent crude again bouncing back to USD 100 levels amid the ongoing conflict in the Middle East. While the 30-share BSE Sensex tumbled 494.06 points or 0.80 per cent to start the session at 76,369.65, the Nifty shed 192 points to open at 23,674.85. In the last trading session, the Sensex closed at 76,863.71 and the Nifty 50 at 23,866.85. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index gained 213.03 points, or…

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11

Mar

By The Press Editor

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Business

This NBFC approves Rs 100 crore fundraising via non-convertible debentures, check share price

Mumbai: Smallcap non banking financial company (NBFC) Paisalo Digital Ltd, has announced fundraising via the issuance of non-convertible debentures (NCDs). The company has informed exchanges that operations and finance committee of its board, at a meeting held on March 11, 2026, has approved the issuance of 9.25 per cent secured NCDs through private placement via the Electronic Book Provider (EBP) platform. Amid this update, the stock ended the trading session in the red at Rs 32.45 with a fall of 1.58 per cent against the previous close of Rs 32.97. The market cap of the company stood at Rs 2,951.40…

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11

Mar

By The Press Editor

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Business

Metal stock ends trading session in green even as Sensex, Nifty tumble nearly 2%, check details

Mumbai: Shares of Godawari Power and Ispat Ltd, an iron and steel products manufacturer, ended the trading session in the green even as stock market benchmark indices Sensex and Nifty ended nearly 2 per cent lower after a day's breather following a spike in crude oil prices amid growing tensions in West Asia. On the BSE, the stock closed at Rs 254.75, up 0.43 per cent or Rs 1.10, against the previous close of Rs 253.65. The market cap of the company stood at Rs 17,098 crore. On the National Stock Exchange (NSE), the stock closed at Rs 254.40, up…

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11

Mar

By The Press Editor

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Business

PM Kisan 22nd Instalment: PM Modi to release Rs 2,000 on this date, check full details here

New Delhi: There is good news for beneficiaries of the Pradhan Mantri Kisan Samman Nidhi scheme (PM Kisan) as the date for the release of the 22nd instalment has been confirmed. Prime Minister Narendra Modi will release the 22nd instalment of the scheme on March 13 during his visit to Guwahati. Under the scheme, approximately Rs 19,000 crore will be released to 9.32 crore farmers across the country, a senior official of the Ministry of Agriculture and Farmers' Welfare said. The release of the next instalment, just before the sowing of Kharif crops, is expected to help farmers in procuring…

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11

Mar

By The Press Editor

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Business

Japan to release strategic oil reserve amid US-Israel-Iran War, first G7 nation to do so

New Delhi: As the oil prices have resumed climbing with no end to the US-Israel-Iran war in sight, Japan's Prime Minister Sanae Takaichi said on Wednesday that the nation will release part of its oil reserves as early as March 16. With this, Japan has become the first among G7 nations to do so. The move is aimed at stabilising energy markets amid rising geopolitical tensions. Early Wednesday, the price for a barrel of Brent crude, the international standard, had jumped 2.6 per cent to USD90.11. US benchmark crude oil was up 3.2 per cent at USD 86.08 per barrel.  …

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11

Mar

By The Press Editor

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Business

IRCTC may halt train meals amid LPG shortage, tells vendors to switch cooking methods

New Delhi: Amid reports that LPG supplies are being impacted by the ongoing conflict in the Middle East, Indian Railway Catering and Tourism Corporation (IRCTC) may consider temporarily halting cooked meal services on trains. Reports also suggest that the public sector undertaking (PSU) may offer refunds to passengers who pre-booked meals with their tickets. The IRCTC said that the directive applies to food plazas, refreshment rooms and Jan Aahar outlets across railway stations.  Tells vendors to switch cooking  IRCTC has also directed all its licensees to switch to alternative cooking methods at railway food centres. It has asked them to…

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11

Mar

By The Press Editor

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Business

IT stock defies market crash, trades in green amid this update, check share price and other details

Mumbai: Shares of AI-based digital transformation and technology consulting company Kellton Tech Solutions Ltd were trading higher by over 1 per cent on Wednesday, even as the broader stock market declined. The stock opened in red at Rs 17.02 against the previous close of Rs 17.24. However, it managed to touch the intraday high of Rs 18.16. Last seen, the stock was trading up 1.28 per cent, or Rs 0.22, at Rs 17.46 on the BSE. The stock remained in the green even as the BSE fell over 1000 points, or 1.29 per cent, to 77,197.53. The stock has been…

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