Business

13

Mar

By The Press Editor

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Business

Guwahati to Silchar in 5 hours: Here’s how corridor will boost connectivity in Northeast region | Explained

New Delhi: Prime Minister Narendra Modi is all set to lay the foundation stone for the Shillong-Silchar Corridor, the first access-controlled greenfield four-lane high-speed corridor in North-East India. The project will traverse through the difficult terrain of the Northeast region and aims to enhance connectivity between the bustling cities of Guwahati and Silchar. The Union Cabinet had approved the construction of the 4-lane high-speed corridor along National Highway-6 from Mawlyngkhung near Shillong in Meghalaya to Panchgram near Silchar in Assam. The project will be built on Hybrid Annuity Mode as an access-controlled greenfield high-speed corridor. Cost of Shillong-Silchar Corridor The…

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13

Mar

By The Press Editor

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Business

Centre says there’s no need for panic booking of LPG, rules out crisis

New Delhi: The government on Friday flagged concerns about liquefied petroleum gas (LPG) supply amid conflict in West Asia, but said that the supply of PNG (Piped Natural Gas) and CNG (Compressed Natural Gas) to domestic consumers is being ensured without any interruptions or cuts. Addressing a press briefing, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery), Ministry of Petroleum & Natural Gas, said that hospitals and hostels are being prioritised for LPG supplies, and LPG production in the country has been increased by 40 per cent compared to March 5, 2026. Additionally, the government has released 48,000 kiloliters (approximately 48 million litres)…

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13

Mar

By The Press Editor

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Business

Infra stock below Rs 50 in focus after bagging contract from NHAI, check share price and other details

Mumbai: Shares of infra-to-energy player Hazoor Multi Projects Ltd (HMPL) are in focus after bagging a contract from NHAI and started the trading session flat, even as benchmark indices Sensex and Nifty dropped over 1 per cent during intra-day trade on Friday, dragged by intensifying conflict in West Asia and surging oil prices. The counter opened at Rs 28.80 and gained to touch the high of Rs 29.49, representing a gain of 2.4 per cent from the previous close of Rs 28.80. However, it later fell 8.89 per cent amid profit booking to touch the intraday low of Rs 26.24.…

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13

Mar

By The Press Editor

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Business

Gold extends losses on MCX, silver drops over 2% as oil price surges | Check city-wise rates

Mumbai: Rates of precious metals in futures edged lower on Friday, March 13, 2026, as surging oil prices heightened inflationary risks and reduced the likelihood of interest rate cuts by the US Federal Reserve. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 20 at Rs 1,60,251 per 10 grams against the previous close of Rs 1,60,401. It later fell to touch the low of Rs 1,59,533, a dip of Rs 738 or 0.56 per cent. Last seen, it was trading at Rs 1,59,574 with a fall of Rs 697 or 0.43…

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13

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex tanks 600 points, Nifty below 23,500 as oil hovers above $100

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened sharply lower on Friday, March 13, 2026, as worries about the US-Israel-Iran war sent oil prices back to USD 100 per barrel and stocks sinking worldwide. While the 30-share BSE Sensex tumbled 590.2 points or 0.77 per cent to start the session at 75,444.22, the Nifty shed 176.65 points to open at 23,462.50. In the last trading session, the Sensex closed at 76,034.42 and the Nifty 50 at 23,639.15. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index fell 93.94 points,…

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13

Mar

By The Press Editor

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Business

LPG Gas Shortage: Maharashtra govt sets up control rooms, cylinder distribution under police security in Chandigarh

Mumbai: With the US-Israel-Iran war extending to the 14th day and shipments of petroleum products through the Strait of Hormuz being halted, supplies of liquefied petroleum gas (LPG) are tightening across India. However, the government has said that there is no shortage of domestic LPG in the country. Amid this, the Maharashtra government has set up control rooms and district-level committees to ensure an uninterrupted supply of LPG, asserting that there is no shortage of the fuel for domestic consumers. The state has directed officials to spread daily information through radio, FM channels, television and print media to prevent rumours…

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13

Mar

By The Press Editor

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Business

NTPC Green Energy share price: Renewable energy stock surges 7% even as stock markets tumble, here’s why

Mumbai: Shares of renewable energy stock NTPC Green Energy Ltd (NGEL), an umbrella company for NTPC's green business initiatives, are in action even as the benchmark indices tumbled, tracking weak global cues as oil prices hovered around USD 100 per barrel. While Sensex tumbled 708.38 points to 75,326.04 in early trade and Nifty dropped 222.05 points to 23,417.10, the stock surged over 7 per cent. The stock started the trading session in the green at Rs 98.98 against the previous close of Rs 97.61 on the BSE. Amid a spurt in trading volume by more than 5.25 times, the stock…

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13

Mar

By The Press Editor

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Business

Innovision IPO subscription date: Closing date extended, price band cut – Check latest GMP

Mumbai: The last date of subscription for the initial public offer of Innovision Ltd, a manpower and toll plaza management services provider, has been extended amid a tepid response from investors. Earlier, the IPO, which opened for subscription on March 10, was scheduled to close on March 12, 2026. According to an update shared with stock exchanges, the company has also revised the price band, and it will be effective from March 13, 2026. In the first three days of the issue, the IPO was subscribed to 32 per cent overall. According to data available with the National Stock Exchange…

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12

Mar

By The Press Editor

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Business

Coal India Share Price: PSU stock surges 6% even as benchmark indices trade in red, here’s why

Mumbai: Shares of state-owned Coal India Limited (CIL) surged over 6 per cent on Thursday, March 12, 2026, even as equity benchmark indices Sensex and Nifty tumbled amid a sharp jump in crude oil prices due to the widening crisis in West Asia weighed heavily on investors' sentiment. The stock started the trading session flat at Rs 446.30 on the BSE and fell to touch the intraday low of Rs 444.90. However, it rebounded and touched the intraday high of Rs 473.9, representing a gain of 6.18 per cent. This is also the stock's fresh 52-week high. The stock's 52-week…

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12

Mar

By The Press Editor

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Business

Retail inflation rises to 3.21% in February from 2.74% in preceding month

Mumbai: Retail inflation in the country moved up to 3.21 per cent in February compared to 2.74 per cent in the preceding month, according to the Consumer Price Index (CPI) released on Thursday. The inflation data is based on the new CPI series with a base year of 2024. Food inflation in February rose sequentially to 3.47 per cent from 2.13 per cent in January, showed the data released by the National Statistics Office (NSO). The major items that witnessed a high pace of price hike were 'silver, gold, diamond, platinum jewellery', coconut-copra, tomato, and cauliflower. On the other hand, there…

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