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IT stocks under pressure after Anthropic’s new AI model, Infosys and TCS shares fall by up to 3%
10
Apr
By The Press Editor
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Business

IT stocks under pressure after Anthropic’s new AI model, Infosys and TCS shares fall by up to 3%

Mumbai: Indian benchmark indices opened with a gain on Friday amid a positive trend in global markets. Despite the positive start, the IT sector is witnessing extreme pressure. This is mainly because of the announcement of Anthropic's new AI model, Mythos, which increased pressure on tech company stocks. Its impact was so significant that the Nifty IT index fell by almost 3 per cent, and the shares of many big companies also fell. Almost all the companies in the Nifty IT index were seen trading in the red. Big names like Infosys, TCS and Mphasis are among the losers, with…
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Gold price drops by Rs 1k, silver down nearly 1% on MCX amid profit booking | Check city-wise rates
10
Apr
By The Press Editor
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Business

Gold price drops by Rs 1k, silver down nearly 1% on MCX amid profit booking | Check city-wise rates

Mumbai: Rates of precious metals in futures fell on Friday, April 10, 2026, amid profit booking as concerns over the US-Iran ceasefire persisted. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 749 or 0.48 per cent at Rs 1,52,419 per 10 grams against the previous close of Rs 1,53,434. It later fell further to touch the intraday low of Rs 1,52,419. Last seen, it was trading at Rs 1,52,591 with a drop of Rs 834 or 0.55 per cent. On the MCX, the yellow metal futures for August 2026 were down…
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Stock under Rs 50 opens gap up, extends rally to 4th consecutive session post this update
10
Apr
By The Press Editor
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Business

Stock under Rs 50 opens gap up, extends rally to 4th consecutive session post this update

Mumbai: Shares of RDB Infrastructure and Power Ltd, a leading player in construction and infrastructure, continued their upward momentum for the fourth consecutive day on Friday, April 10, 2026, despite ongoing market volatility. Amid the rally in the markets, the stock opened gap up with a gain of 4.62 per cent at Rs 37.40 against the previous close of Rs 35.75. With this gain, the counter has risen 18.3 per cent in the period. Later, the stock jumped to touch the intraday high of Rs 37.53 to hit the 5 per cent upper circuit. This is the third consecutive session…
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Market Opening Bell: Sensex adds 489.36 points, Nifty above 23,850, Indigo gains over 4%
10
Apr
By The Press Editor
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Business

Market Opening Bell: Sensex adds 489.36 points, Nifty above 23,850, Indigo gains over 4%

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a positive note on Friday, amid strong global cues. While the 30-share BSE Sensex added 489.36 points or 0.63 per cent to start the session at 77,121.01, the Nifty gained 105.45 points to open at 23,880.55. In the last trading session, the Sensex closed at 77,562.90 and the Nifty 50 at 23,775.10. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 104.87 points, the BSE Smallcap Select Index was up by 34.57 points or 0.46 per…
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India caps refinery margins after windfall tax to curb fuel losses as global oil crisis hits domestic prices
09
Apr
By The Press Editor
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Business

India caps refinery margins after windfall tax to curb fuel losses as global oil crisis hits domestic prices

New Delhi: India has moved to restrict refinery margins after imposing a windfall levy on fuel exports aiming to cushion the growing losses on domestic petrol and diesel sales. The ongoing conflict in West Asia has triggered a sharp rise in global crude prices which has left state-run oil marketers struggling to keep retail rates unchanged while refinery profits balloon, news agency PTI reported citing sources. To counter the uneven gains and ensure adequate domestic availability, the government recently levied a Special Additional Excise Duty on diesel and ATF exports. This move was aimed at preventing refiners from earning excessive…
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PPF Extension Rule: For how long can you keep it going, and what are the options? Full details
09
Apr
By The Press Editor
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Business

PPF Extension Rule: For how long can you keep it going, and what are the options? Full details

New Delhi: If you invest in a Public Provident Fund (PPF), this information is essential. Most people are aware that the government-run small savings scheme has a 15-year investment period. Investments made in PPF mature after this tenure. However, you can continue investing even after 15 years. PPF remains the safest, tax-free, and guaranteed return small savings scheme, and therefore, if you don't need the money immediately, you can remain invested and avail the benefits of long-term investment. Here's all you need to know about the PPF extension rule. Maturity period of PPF The lock-in and maturity periods for the…
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Stock markets slump amid fresh tensions in West Asia, Indigo among top losers
09
Apr
By The Press Editor
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Business

Stock markets slump amid fresh tensions in West Asia, Indigo among top losers

Mumbai: Equity benchmark indices Sensex and Nifty tumbled on Thursday, April 9, 2026, after an impressive rally in the previous session as crude oil prices surged amid fresh tensions in West Asia that threatened the ceasefire reached between the US and Iran. The 30-share BSE Sensex fell -931.25 points or 1.20 per cent to settle at 76,631.65. During the day, it plunged 1,125 points or 1.50 per cent to 76,347.90. The 50-share NSE Nifty slumped 222.25 points or 0.93 per cent to end at 23,775.10. A total of 1,670 stocks declined, while 1,573 advanced and 80 remained unchanged on the…
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TCS Q4 Results: IT major announces final dividend of Rs 31, profit after tax inches up 1.35%
09
Apr
By The Press Editor
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Business

TCS Q4 Results: IT major announces final dividend of Rs 31, profit after tax inches up 1.35%

Mumbai: Country's largest IT services company, Tata Consultancy Services Ltd (TCS), has announced its quarterly results for the quarter ending March 31, 2206. The company has reported a 12.22 per cent jump in its March-quarter net profit to Rs 13,718 crore. The IT major had reported a net profit of Rs 12,224 crore in the January-March period a year ago, and Rs 10,657 crore in the preceding December quarter. According to the information shared with the exchanges, for the fiscal year 2025-26, its profit after tax inched up 1.35 per cent to Rs 49,210 crore, as against Rs 48,553 crore…
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Om Power Transmission IPO: Check latest GMP, price band and other details
09
Apr
By The Press Editor
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Business

Om Power Transmission IPO: Check latest GMP, price band and other details

Mumbai: The initial public offering (IPO) of power transmission infrastructure engineering, procurement, and construction (EPC) company Om Power Transmission Limited is now open for subscription. According to the information available, the three-day subscription window will end on April 13. The IPO comprises up to 85,75,000 equity shares with a face value of Rs 10 each, comprising a fresh issue aggregating up to 75,75,000 equity shares and an offer for sale of up to 10,00,000 equity shares.ย  At the time of writing the report, the portion meant for qualified institutional buyers (QIBs) got subscribed 0.65 times, and non-institutional investors attracted 0.05…
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