Business

02

Jan

By The Press Editor

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Business

Why has additional excise duty not impacted shares of all tobacoo product manufacturers? Know here

Shares of cigarette and tobacco product manufacturing companies are under pressure after the government imposed an additional excise duty on such products effective February 1. Mumbai: Shares of cigarette and tobacco product makers such as VST Industries, Godfrey Phillips and ITC continued to drop on Friday, January 2, 2026, even as stock benchmark indices Sensex and Nifty began the trading session on an optimistic note amid steady buying by domestic institutional investors in the morning. While shares of ITC tumbled 5.11 per cent to Rs 345.35, its 52-week low, on the BSE, the stock of Godfrey Phillips India declined 4.58…

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02

Jan

By The Press Editor

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Business

297% return in 1 year: Stock under Rs 50 hits upper circuit as markets rally in early trade

Meanwhile, the BSE has placed the stock under the Short Term Additional Surveillance Measure Stage 4 (ST ASM-4) framework. Mumbai: Shares of food and tech company Spice Lounge, which has operations in India, Canada and the US, are in action as benchmark indices Sensex and Nifty rally in today's trading session amid steady buying by domestic institutional investors. The stock started the trading session in the red at Rs 37.58 against the previous close of Rs 37.97 on the BSE. It fell further to touch the low of Rs 36.26 before bouncing back amid a spurt in trading volume by…

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02

Jan

By The Press Editor

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Business

Gold, Silver Rates Today: Silver surges Rs 7,570 on MCX, gold too gains | Check city-wise rates

Gold Price Today, Gold MCX Rate: In the international market, the COMEX gold price was up by 1.01 per cent to approximately USD 4,384.8 per troy ounce. Mumbai: Rates of precious metals in futures trade bounced back on Friday, January 2, 2026, amid healthy spot demand and a fall in the dollar. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,195 at Rs 1,36,999 per 10 grams against the previous close of Rs 1,35,804. It gained further to hit a high of Rs 1,36,999. Last seen, the precious metal futures were…

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02

Jan

By The Press Editor

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Business

Market Opening Bell: Sensex gains 70 points, Nifty above 26,100, ITC shares continue to fall

Sensex, Nifty Today: In early trade, 1,495 stocks in the Nifty pack were trading in the green, while 902 were trading in the red. Eighty stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in green on Friday, January 2, 2026, even as foreign institutional investors (FIIs) remained net sellers. While the 30-share BSE Sensex added 70.76 points to start the session at 85,259.36 the Nifty gained 8.55 points to open at 26,155.10. In the last trading session, the Sensex closed at 85,188.60 and the Nifty 50 at 26,146.55. Similarly, the broader indices traded higher in…

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02

Jan

By The Press Editor

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Business

Stock split: MCX shares in focus as they trade ex-date for first-ever sub-division

MCX Stock Split: Multi Commodity Exchange of India (MCX) has a 52-week high of Rs 11,218, hit on December 29, 2025, and a 52-week low of Rs 4,410.10. Mumbai: Shares of Multi Commodity Exchange of India (MCX) will be in focus on Tuesday, January 2, 2025, as they will trade ex-date for the first-ever stock split. The board of directors of the company had approved sub-division in the 5:1 ratio. This means one equity share of MCX with a face value of Rs 10 each is divided into five equity shares of face value of Rs 2 each. The company…

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01

Jan

By The Press Editor

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Business

Cigarettes, other tobacco products to be costlier from Feb 1 as govt imposes new excise duty

An additional excise duty of 91 per cent on gutkha, 82 per cent on chewing tobacco, and 82 per cent on jarda scented tobacco will be levied. Mumbai: Prices of cigarettes and other tobacco products are set to increase, with the government notifying February 1 as the date from which additional excise duty on tobacco products and a health cess on pan masala will be levied. The new excise duty will replace the existing GST compensation cess levy on such 'sin goods'. A health and national security cess and excise duty on pan masala and tobacco products, respectively, will be…

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01

Jan

By The Press Editor

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Business

Developers turning to integrated condominiums with high-street retail to transform urban living

Integrated living coupled with retail and experiential leisure is now a critical differentiator for new-age residential projects. New Delhi: The Indian real estate landscape is shifting as leading developers increasingly embrace integrated condominiums that blend residential spaces with curated high-street retail and leisure amenities. This emerging format, rapidly gaining ground among prominent players like DLF, Hero Realty, M3M, Tribeca, among others, is driving a new wave of luxury developments across geographies, wherein high-street retail is seamlessly integrated to offer residents a more convenient and elevated lifestyle.  Integrated living coupled with retail and experiential leisure is now a critical differentiator for…

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01

Jan

By The Press Editor

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Business

India’s first bullet train set to be launched on August 15, 2027: Check routes, speed, key features

The bullet train project, spanning over 508 km between Mumbai and Ahmedabad, promises to revolutionise inter-city travel, cutting journey times significantly while introducing world-class high-speed rail standards in India New Delhi: India is all set to experience a historic milestone in transport infrastructure as the country’s first bullet train is expected to begin operations on August 15, 2027, Railways Minister Ashwini Vaishnaw made the big announcement on Thursday. Vaishnaw said the Mumbai–Ahmedabad bullet train project will be ready by August 15, 2027, with operations beginning in phases. He also stated that the first section to become operational will…

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01

Jan

By The Press Editor

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Business

BEE’s new star ratings to offset price benefits of GST reforms on ACs, rates to go up by 10%

Besides the revised star rating, the fall of the Indian rupee against the US dollar and the global increase in copper prices are also putting pressure on manufacturers' margins. New Delhi: The revised star rating from the Bureau of Energy Efficiency (BEE) will offset the benefits of the GST (Goods and Services Tax) reforms in September, which brought down the prices of room air-conditioners (RAC) by slashing duty by 10 per cent. With the new start rating, prices of cooling appliances such as room air conditioners and refrigerators have increased by 5-10 per cent, effective January 1, 2026. The revised…

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01

Jan

By The Press Editor

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Business

Jaipur Metro Line 2 to have direct underground link to all three terminals of airport

According to metro officials, Line 2, linking Prahladpura in Sitapura to Todi Mod in Vidhyadhar Nagar, with a total length of 43 km, will be constructed in seven project packages. Jaipur: Jaipur Metro is going to witness a significant enhancement in its capability with Line 2 of the metro network in the city slated to enhance connectivity to the airport. There are plans to provide commuters with direct underground access from the Airport Metro Station to all passenger terminals. Latest updates suggest that passengers will be given the option to commute between the Metro station and the three terminals through…

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