Business

27

Apr

By The Press Editor

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Business

Sun Pharma shares in action on acquisition update of US-based Organon & Co for $11.75 billion

Mumbai: Shares of Sun Pharmaceutical Industries surged over 9 per cent on Monday, April 27, 2026, after the firm announced that it will acquire US-based Organon & Co in an all-cash deal at an enterprise valuation of USD 11.75 billion. The stock reacted positively to this development, as it is expected to be one of the largest acquisitions by Indian firms overseas. Following this update, the stock opened in the green at Rs 1,632.50, up Rs 12.55 from the previous close of Rs 1,619.95 on the BSE. Amid a spurt in volume by more than 4.69 times, the stock advanced to touch…

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27

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex jumps almost 200 points, Nifty near 23,950, Paytm falls 8%

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened higher on Friday, April 27, 2026, despite persistent geopolitical uncertainty and selling by Foreign Institutional Investors. While the 30-share BSE Sensex added 191.84 points or 0.25 per cent to start the session at 76,856.05, the Nifty fell 47.5 points to open at 23,945.45. In the last trading session, the Sensex closed at 76,664.21 and the Nifty 50 at 23,897.95. However, the broader indices traded slightly in the green in the opening session. While the BSE Midcap Select Index was up by 113.38 points, the BSE Smallcap Select Index added 76.72…

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27

Apr

By The Press Editor

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Business

Paytm Share Price: Stock in focus as RBI cancels banking licence of Paytm Payments Bank – What you need to know

Mumbai: Shares of fintech company  Paytm, operated by One 97 Communications, will be in focus in today's trading session as the Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank (PPBL) for non-compliance with norms. The central bank said that the bank's affairs were conducted in a manner detrimental to the interests of its depositors. "The bank failed to comply with the conditions stipulated in the Payments Bank licence issued to it," the central bank said. The RBI will make an application for the winding up of the bank before the High Court. Will…

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26

Apr

By The Press Editor

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Business

How much luggage can you carry on Indian trains? Check rules for 1A, 2A, 3A, and SL coaches

New Delhi: With the comfort and convenience of rail passengers in mind, Indian Railways has established specific regulations regarding the carriage of luggage on trains. Under these rules, passengers are permitted to carry luggage up to a prescribed limit per seat, depending on the specific class of coach they are traveling in. If a passenger is found carrying luggage exceeding this stipulated limit, a fine is levied based on both the distance of the journey (in km) and the weight of the excess luggage. The Railways introduced these regulations primarily for the benefit of passengers, aiming to ensure that co-passengers do…

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24

Apr

By The Press Editor

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Business

RBI cancels Paytm Payments Bank licence: What it means for customers and their deposits

New Delhi: In a major regulatory move, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank. The central bank confirmed the decision in an official statement, stating that the bank will no longer be allowed to offer banking services. The action has been taken due to serious concerns related to regulatory compliance and violations of norms. The RBI also assured that necessary steps will be taken to safeguard customer interests and ensure that deposits and services are not adversely affected. Why was the licence cancelled? According to the RBI, the bank's operations were being…

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24

Apr

By The Press Editor

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Business

Gautam Adani reenters $100 billion club, surpasses Bill Gates in world’s richest people list

Mumbai: Despite volatility in the stock market due to the ongoing conflict between the United States and Iran,  Adani Group chairman Gautam Adani has seen a significant increase in his wealth. His net worth increased significantly on Thursday, to the point that he not only re-entered the USD 100 billion club but also surpassed Microsoft co-founder Bill Gates on the world's richest people list.  Bloomberg Billionaires Index According to the Bloomberg Billionaires Index, Gautam Adani's net worth increased by USD 7.16 billion in a single day. With this increase, his total wealth reached USD 106 billion. Following this increase, he…

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24

Apr

By The Press Editor

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Business

India, US agree to remain engaged on trade pact to maintain momentum: Government

New Delhi: The government on Friday said the three-day talks with the US authorities on the first phase of the bilateral trade agreement (BTA) concluded on a constructive note, with both sides agreeing to stay engaged to sustain the momentum ahead. Both sides discussed several areas, such as market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade, the Commerce and Industry Ministry said in a statement. "The meetings were conducted in a constructive and positive spirit, with meaningful and forward-looking discussions enabling progress on key matters. Both sides agreed…

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24

Apr

By The Press Editor

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Business

India’s defence ecosystem now relies on private startups, says Garuda Aerospace CEO Agnishwar Jayaprakash

New Delhi: In a strategic move to strengthen India's self-reliance in defence manufacturing, Garuda Aerospace has partnered with Bharat Electronics Limited (BEL) to develop advanced Unmanned Aerial Systems (UAS). The collaboration serves as a primary example of how the Indian defence ecosystem is shifting toward a model that integrates the agility of private startups with the robust infrastructure of established public-sector units. Agnishwar Jayaprakash, founder and CEO of Garuda Aerospace, feels that the defence ecosystem in India now relies on private startups. In an email interaction, Jayaprakash also discussed the project and its aims. Here are the edited excerpts of…

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24

Apr

By The Press Editor

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Business

Amrti Bharat Trains: Uttar Pradesh to get two new trains, check routes and other details

Mumbai: There's great news for rail travellers as two new Amrit Bharat trains will be launched on April 28, 2026. The trains will make travel between Uttar Pradesh and Maharashtra faster, easier, and more affordable than ever before. The launch of these trains is expected to greatly benefit long-distance travellers and pilgrims. These trains will be flagged digitally by Prime Minister Narendra Modi. Routes of new Amrit Bharat Trains The first train will run between Varanasi (Banaras) and Hadapsar (Pune). Train number 22589/22590 will stop at major stations such as Prayagraj, Jhansi, Itarsi, and Bhusaval. The total travel time on…

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24

Apr

By The Press Editor

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Business

Gold near Rs 1.50 lakh per 10 grams on MCX, silver falls by over Rs 2,000 | Check city-wise rates

Mumbai: Rates of precious metals in futures extended their decline as a stronger US dollar and rising oil prices weighed on sentiment. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 594 or 0.39 per cent at Rs 1,51,167 per 10 grams against the previous close of Rs 1,51,761. It dropped further to touch an intraday low of Rs 1,50,750, a drop of Rs 1,011 or 0.66 per cent. Last seen, it was trading at Rs 1,51,499 with a drop of Rs 305 or 0.20 per cent. On the MCX, the yellow…

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