Business

06

Aug

By The Press Editor

Business

6 August, 2026 Stock Market Updates: Sensex gains 201 points, Nifty holds 24,600 amid buying in tech stocks

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started today's trading session on a positive note as investors weigh an increasingly supportive domestic backdrop against mixed global cues. While the 30-share BSE Sensex gained 201.43 points or 0.25 per cent to start the session at 78,782.43, the Nifty gained 16.35 points to open at 24,641. In the last trading session, the Sensex closed at 78,581 and the Nifty 50 at 24,624.65. Similarly, the broader indices traded mixed in the early trading session. While the BSE Midcap Select Index was down by 30.47 points, the BSE Smallcap Select Index added…

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05

Aug

By The Press Editor

Business

UPI transactions above Rs 2,000 may be subject to fees, here’s who will be impacted

Mumbai: Unified Payments Interface (UPI), one of the world’s largest real-time payment systems, is expected to become costlier as the government may authorise merchants to charge a Merchant Discount Rate (MDR), or fee, of 0.25 per cent to 0.40 per cent on UPI payments exceeding Rs 2,000. However, payments made from one person's regular UPI account to another's will not incur any charges. Finance Minister introduced the Taxation and Other Laws (Amendment) Bill Union Finance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill in Parliament on Tuesday. The bill seeks to remove restrictions on banks and payment…

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05

Aug

By The Press Editor

Business

Air India appoints Tewolde Gebremariam as CEO months after Campbell Wilson’s resignation

New Delhi: Air India on Wednesday (August 5) announced the appointment of former Ethiopian Airlines Group chief Tewolde Gebremariam as the next Managing Director and Chief Executive Officer (CEO), months after Campbell Wilson announced his resignation. Wilson had resigned in April after helming the Tata Group-owned airline for four years that have been punctuated by multiple headwinds, including the fatal AI171 crash in June last year. It is pertinent to mention that the appointment comes at a crucial time when the loss-making Air India is working on expansion amid multiple external headwinds. In an official statement, Air India said that this executive…

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05

Aug

By The Press Editor

Business

NSE SME stock ends volatile session with a gain of over 7% on back of strong QoQ growth

Mumbai: NSE SME stock Agarwal Toughened Glass India Ltd ended today's volatile session in the green as the company has announced quarterly results and posted strong quarter-on-quarter growth. The company's stock closed at Rs 149.55, up 7.32 per cent or Rs 10.20 from the previous close. The company's market cap stood at Rs 263.35 crore. The stock's rally is driven by quarterly updates shared by the company. In its latest exchange filing after market hours on Tuesday, the company stated that its operating income was Rs 344 million, an increase of 22.86 per cent compared to the previous quarter.  The…

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05

Aug

By The Press Editor

Business

Kanpur-Lucknow Expressway declared toll-free until restoration work is completed

Lucknow: The National Highway Authority of India (NHAI) has announced that toll collection on the Lucknow-Kanpur Expressway will remain suspended until the restoration work is fully completed. Toll collection has been temporarily suspended on the Lucknow-Kanpur Expressway due to several cracks and damage that appeared just weeks after it was opened to traffic. NHAI said that the loss of toll revenue will be recovered from the concessionaire. "NHAI remains committed to maintaining the highest standards of quality, safety, and accountability in the development and maintenance of the National Highway infrastructure," it said in a release. According to information shared, traffic has…

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05

Aug

By The Press Editor

Business

Defence stock in focus on securing Rs 213 crore order from DRDO, defence PSU; check share price

Mumbai: Shares of Hyderabad-headquartered defence company Apollo Micro Systems Limited are in focus today after the company informed exchanges that it has received a major order from the Defence Research and Development Organisation (DRDO), defence PSUs, and private industries. According to the information shared, it has received new orders totalling 213.39 crore under its normal course of business. According to the company, these new orders will strengthen its business and drive future revenue growth. Apollo Micro Systems Share Price The stock started the trading session in the green as benchmark indices Sensex and Nifty climbed in early trade on Wednesday…

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05

Aug

By The Press Editor

Business

Visa begins laying off over 2,000 employees, here’s what an ex-employee said about those who lost their jobs

New Delhi: Global payments company Visa is reportedly laying off over 2,000 employees. According to reports, the company plans to lay off around 7 per cent of its global workforce, approximately 2,600 employees. Amid these reports, a former employee of the company took to social media platform X and said that layoffs also resulted in the loss of a manager who consistently received glowing reviews. According to Arnab Das, the manager was considered one of the company's strongest and best employees.  "My entire team at Visa just got laid off, including my manager...The guy had end-to-end ownership of the product,…

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05

Aug

By The Press Editor

Business

Tamil Nadu Budget 2026: From gold coins to Vetri laptops, key announcements by Vijay government

Chennai: Tamil Nadu Finance Minister N Marie Wilson on Wednesday presented the maiden budget of Chief Minister C Joseph Vijay-led government in the Legislative Assembly for the financial year 2026-27. While presenting the Budget, Wilson reiterated the government's goal of a USD 1.5 trillion economy by 2036. While presenting the Budget, the finance minister urged the Central Government to restore the process of medical admissions based on Class 12 public examination results. Wilson also said that the Tamilaga Vettri Kazhagam (TVK)-led government's first Budget lays down the roadmap to achieve this genuine long-term vision.  Here are key highlights of Tamil Nadu…

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05

Aug

By The Press Editor

Business

RBI MPC 2026 Live UPDATES: RBI keeps repo rate unchanged at 5.25%, maintains neutral stance

New Delhi: The Reserve Bank of India (RBI) on Wednesday left the repo rate unchanged at 5.25 per cent. RBI Governor Sanjay Malhotra said that the Monetary Policy Committee (MPC) unanimously decided to maintain the policy interest rate at its current level, adopting a neutral stance. In June, the Reserve Bank had kept its key policy rate unchanged at 5.25 per cent. However, it raised the retail inflation estimate for 2026-27 to 5.1 per cent from 4.6 per cent earlier.  Follow India TV's LIVE BLOG on RBI MPC 2026 for all the latest updates:  

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05

Aug

By The Press Editor

Business

Tamil Nadu Budget 2026 LIVE updates: Finance Minister Marie Wilson presents Vijay government’s maiden Budget

Chennai: Tamil Nadu Finance Minister Marie Wilson on Wednesday presented the maiden budget of the Tamilaga Vettri Kazhagam (TVK)-led coalition government in the Legislative Assembly for the financial year 2026-27. Earlier, the TVK-led government had released a White Paper on the State's finances. The TVK claimed that Tamil Nadu's actual outstanding debt stood at Rs 13.18 lakh crore, including the combined debt of public sector undertakings. While presenting the Budget, Finance Minister N Marie Wilson said that bicycles equipped with helmets and water bottles, worth Rs 277 crore, will be distributed to Class 11 students studying in government and government-aided schools.…

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