Business

13

Apr

By The Press Editor

0 Comments

Business

Gold price falls by Rs 1,105, silver down around 2.5% on MCX amid rise in oil prices | Check city-wise rates

Mumbai: Rates of precious metals in futures tumbled on Monday, April 13, 2026, amid a surge in oil prices following failed US-Iran peace talks and a strong dollar. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 1,105 or 0.72 per cent at Rs 1,51,547 per 10 grams against the previous close of Rs 1,52,652. It later gained to touch the intraday high of Rs 1,51,999. Last seen, it was trading at Rs 1,51,910, down Rs 742 or 0.49 per cent. On the MCX, the yellow metal futures for August 2026 were…

Read More

13

Apr

By The Press Editor

0 Comments

Business

1896% return in 10 years: This NBFC stock in focus for Rs 30 dividend, check record date and other details

Mumbai: Stock markets remain volatile amid rising geopolitical tensions and aggressive selling by foreign institutional investors (FIIs), withdrawing Rs 48,213 crore (USD 5.14 billion) in the first 10 days of April. Amid this volatility, there is an opportunity for investors seeking additional profit, as a stock will soon trade ex-date for an interim dividend. The non-banking financial company (NBFC)has also fixed a record date to determine the eligibility of shareholders for this corporate action. However, those considering investing in this stock to gain benefits of the corporate action announced by the company, investors must buy the stock before the ex-date,…

Read More

13

Apr

By The Press Editor

0 Comments

Business

Ola Electric Share Price: Stock tumbles 7% despite good news for electric vehicles post Delhi draft EV Policy 2026

Mumbai: After a strong rally of over 50 per cent in the month of April, shares of Ola Electric tumbled over 7 per cent on Monday, April 13, 2206. The correction in the stock comes despite some positive news for electric vehicle manufacturers following Delhi's draft EV policy. The stock opened gap down with a fall of 3.4 per cent at Rs 39.51 against the previous close of Rs 40.90 on the BSE. Amid profit booking, the stock dipped further to touch a low of 39.75, representing a 7.09 per cent dip from the previous close. Last seen, the stock was…

Read More

13

Apr

By The Press Editor

0 Comments

Business

Market Opening Bell: Sensex slips 1,613 points, Nifty below 23,600 amid renewed geopolitical concerns

Mumbai: After a stellar rally next week, Indian equity benchmark indices, the Sensex and Nifty, opened gap down on Monday amid weak global cues following failed US–Iran talks and rising crude oil prices. While the 30-share BSE Sensex tumbled 1,613.09 points or 2.08 per cent to start the session at 75,937.16, the Nifty fell 461 points to open at 23,589.60. In the last trading session, the Sensex closed at 77,550.25 and the Nifty 50 at 24,050.60. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index shed 415.11 points, the BSE Smallcap Select…

Read More

11

Apr

By The Press Editor

0 Comments

Business

Govt hikes export duty on diesel to Rs 55.5 per litre from Rs 21.5 per litre, ATF to Rs 42 per litre

New Delhi: The Central government on Saturday hiked export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 a litre. The duty hikes would be applicable with immediate effect, the finance ministry said in a notification. Duty on export of diesel has been increased from Rs 21.5 per litre “The duty on export of diesel has been increased from Rs 21.5 per litre to Rs 55.5 per litre. Duty on ATF (Aviation Turbine Fuel) has been increased from Rs 29.5 per litre to Rs 42 per litre. Export duty on…

Read More

10

Apr

By The Press Editor

0 Comments

Business

Jet fuel price surge hits airlines hard as IndiGo, Air India hike fares to tackle soaring costs

New Delhi: A sharp spike in global jet fuel prices triggered by rising tensions between the United States, Israel and Iran has begun to impact aviation markets worldwide. Over the past few weeks, aviation turbine fuel has shot up from 85 to 90 dollars per barrel to nearly 150 to 200 dollars per barrel. Since fuel accounts for nearly 25 per cent of operating costs for most airlines, carriers are now resorting to fare hikes and financial restructuring to stay afloat. IndiGo, Air India begin raising ticket prices Major carriers including Air India, IndiGo and United Airlines have already revised…

Read More

10

Apr

By The Press Editor

0 Comments

Business

From ‘kill switch’ to ‘lagged credit’, RBI proposes these changes to mitigate financial frauds

New Delhi: Digitalisation has made payments easy, as they can be made with just a few clicks. However, this has given fraudsters an opportunity to do online financial fraud, which is spreading just as rapidly. To protect your hard-earned money, the Reserve Bank of India (RBI) has proposed some steps . These new rules aim to curb online fraud and give customers better control over their money. The RBI has also sought public suggestions on this matter by May 8, 2026. RBI proposes 'kill switch' One of the RBI's biggest proposals is a kill switch. This would be a magical…

Read More

10

Apr

By The Press Editor

0 Comments

Business

Market Closing Bell: Sensex surges 918.60 points to settle at 77,550.25, Nifty above 24,000

Mumbai: Indian benchmark indices ended higher on Friday, April 10, 2026, amid positive global cues and optimism surrounding geopolitical de‑escalation efforts in West Asia. BSE Sensex gained 918.60 to close at 77,550.25, while the NSE Nifty settled at 24,050.60. with a gain of 275.50 points. On a sectoral basis, auto, capital goods, consumer durables, realty, power, FMCG, PSU banks, metal, and private banks sectors registered gains of 1-2 per cent, while the IT index declined 1.7 per cent amid renewed AI fears. The Nifty midcap and smallcap indices also gained 1.5 per cent each. Among the major gainers on the…

Read More

10

Apr

By The Press Editor

0 Comments

Business

Wipro bucks trends, trades in green even as IT stocks fell on renewed AI fears, check details

Mumbai: Despite a significant fall in IT stocks, shares of IT services firm Wipro bucked the trend and traded in the green on Friday, April 10, 2026. Most IT stocks in the Nifty IT index fell up to 4 per cent amid renewed AI fears. The stock of Wipro opened gap up with a gain of 2.87 per cent at Rs 208.70 against the previous close of Rs 202.87 on the National Stock Exchange (NSE). The action in the stock comes after two days of consecutive fall and has outperformed the sector by 2.6 per cent. Last seen, the stock…

Read More

10

Apr

By The Press Editor

0 Comments

Business

Healthcare stock gains nearly 6% after expansion update, check share price and other details

Mumbai: Shares of north India-based hospital chain Park Medi World gained nearly 6 per cent on Friday, April 10, 2026, amid a rally in equity benchmark indices Sensex and Nifty, driven by a rally in bank stocks and a positive trend in global markets. The 30-share BSE Sensex jumped 630.08 points to 77,261.73 in early trade, while the 50-share NSE Nifty climbed 203.6 points to 23,978.70. Amid this, the stock opened in green at Rs 208.60 against the previous close of Rs 204.35 on the BSE. It gained further to touch the high of Rs 216, representing a gain of…

Read More