Business

10

Mar

By The Press Editor

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Business

Upper circuit alert: Hospitality sector stock gains 5% amid rally in benchmark indices, check details

Mumbai: Shares of hospitality sector stock Spice Lounge Food Works Ltd hit a 5 per cent upper circuit today, trading at Rs 30.16 on the BSE. The surge comes as equity benchmark indices Sensex and Nifty rebounded sharply after two days of decline, supported by falling crude oil prices and improving global market sentiment amid hopes of a resolution to the West Asia conflict. The counter opened gap up with a gain of 4.21 per cent at Rs 29.94 against the previous close of Rs 28.73 on the BSE. The scrip gained further to hit a 5 per cent upper…

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10

Mar

By The Press Editor

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Business

Smallcap stock in focus post conversion of 105 lakh warrants into equity shares, check details

Mumbai: Shares of smallcap company Bhatia Communications & Retail (India) Ltd are in focus after the company shared important updates with investors. The BSE-listed company, has informed exchanges that its board has approved the conversion of 105 lakh warrants into equity shares. These warrants will be converted into 105 lakh equity shares with a face value of Rs 1 per share at an issue price of Rs 23.75, including a premium of Rs 22.75. The shares will be issued on a preferential basis to the promoter group and certain identified investors from the public category. Share price today The stock…

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10

Mar

By The Press Editor

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Business

LPG Cylinder Shortage LIVE: 20% hotels in Mumbai closed, Bengaluru-Chennai restaurants flag supply issues

New Delhi: As the ongoing war between the US, Israel, and Iran widens, several Indian cities are facing disruption of liquefied petroleum gas (LPG) cylinders, with restaurants and hotels in Indian cities forced to shut. The shortage of commercial LPG cylinders is being reported in cities such as Mumbai, Bengaluru and Kolkata. The Indian Hotel & Restaurant Association (AHAR) and restaurant bodies say supplies have become irregular over the past few days. Meanwhile, the government has invoked the Essential Commodities Act of 1955 (popularly known as ESMA) to ensure the supply of natural gas. Follow this LIVE Blog for the…

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10

Mar

By The Press Editor

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Business

Govt invokes ESMA to ensure supply of natural gas amid US-Israel-Iran war, here’s what it means

New Delhi: The government has invoked the Essential Commodities Act of 1955 (popularly called ESMA) in order to ensure the supply of natural gas amid the US-Israel-Iran war. "The supply of natural gas must be treated as priority allocation and shall be maintained subject to operational availability to one hundred per cent of their average past six-month average gas consumption," the notification reads. India has 33.08 crore active liquefied petroleum gas (LPG) consumers, and the government is looking to maintain an uninterrupted supply. It must be noted that India consumed 31.3 million tonnes of LPG in 2024-25, of which only 12.8…

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10

Mar

By The Press Editor

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Business

From BEL to Mazdock, defence shares continue to tumble even as stock markets rebound – Here’s why

Mumbai: The Nifty India Defence Index fell nearly 0.75 per cent on Tuesday, March 10, 2026, even as equity benchmark indices Sensex and Nifty rebounded after two days of massive decline amid improving global sentiment and a pullback in crude oil prices. Despite the positive start, defence stocks remained under pressure, and the Nifty India Defence index fell 0.75 per cent.  Why are defence stocks under pressure? Most of the defence stocks are under pressure even as the Sensex and Nifty traded higher today. The reason behind today's fall could be Donald Trump's statement, which suggested that the US-Israel conflict…

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10

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty rebound as US President Trump predicts Middle East de-escalation

Mumbai: A day after ending sharply lower, Indian equity benchmark indices, the Sensex and Nifty, rebounded on Tuesday, March 10, 2026, amid positive global cues as geopolitical tensions show early signs of easing after Trump suggested that the US–Israel conflict with Iran could conclude soon. This led to a significant drop in the crude oil prices. While the 30-share BSE Sensex surged 809.57 points to start the session at 78,375.73, the Nifty added 252.75 points to open at 24,280.80. In the last trading session, the Sensex closed at 77,566.16 and the Nifty 50 at 24,028.05. Similarly, the broader indices traded…

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09

Mar

By The Press Editor

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Business

Sedemac Mechatronics IPO allotment date: How to check status online on BSE, MUFG Intime

Mumbai: The initial public offering of Sedemac Mechatronics Ltd, a powertrain controls and auto parts manufacturer, received decent participation from retail investors and received 2.68 times subscription on the last day of bidding on Friday. The attention has not shifted to the IPO allotment date, and reports suggest that it is expected to be finalised today, i.e. on March 9, 2026. Once the allotment is finalised, equity shares will be credited to the demat accounts of successful bidders. Also, the refund process will be initiated tomorrow, i.e. on March 10. If you have applied for the IPO and want to…

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09

Mar

By The Press Editor

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Business

Pakistan seeks IMF help as crude oil prices spike near USD 120 a barrel, check full details here

Mumbai: Pakistan's Finance Minister Mohammad Aurangzeb has warned that escalating tensions in West Asia could increase the country’s monthly oil import bill by USD 600 million. The statement comes as the global oil market reacts sharply to the ongoing crisis, and crude oil prices crossed the USD 100 mark on Monday. International benchmark Brent crude touched USD 119.50 per barrel on Monday, while the US crude oil benchmark West Texas Intermediate (WTI) rose nearly 30.04 per cent to USD 118.21 from Friday's close of USD 90.90. The sharp surge in prices of crude oil reflects growing fears of potential disruptions…

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09

Mar

By The Press Editor

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Business

102% return in 1 year: FMCG stock in focus post company declares financial results for Q3FY26

Mumbai: Diversified fast moving consumer goods (FMCG) company Elitecon International Ltd has reported its financial results for the third quarter of FY26. The company's standalone revenue from operations for the December quarter stood at Rs 502.72 crore, marking a 939 per cent increase compared to Rs 48.40 crore in the same quarter last year (Q3FY25). Total income also rose sharply to Rs 503.12 crore, reflecting a 927 per cent year-on-year increase. Net Profit Rises 44 Per Cent Despite the sharp increase in revenue, net profit recorded a relatively moderate rise. The company reported a net profit of Rs 95.3 million,…

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09

Mar

By The Press Editor

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Business

Smallcap jewellery stock to raise Rs 350 crore fund through issuance of fresh shares, check details

Mumbai: Shares of Motisons Jewellers Ltd, a small-cap company in the jewellery sector, are likely to remain on investors’ radar on Monday, March 9, after the company shared key updates in its latest exchange filing. The company said that its board of directors met on Friday, March 6, 2026, and approved several important decisions, including a proposal to raise funds. According to the filing, the board approved a plan to raise up to Rs 350 crore through the issuance of equity shares or other securities convertible into equity. Fund Raising Through Multiple Routes The company stated that the funds may…

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