Business

12

Mar

By The Press Editor

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Business

Coal India Share Price: PSU stock surges 6% even as benchmark indices trade in red, here’s why

Mumbai: Shares of state-owned Coal India Limited (CIL) surged over 6 per cent on Thursday, March 12, 2026, even as equity benchmark indices Sensex and Nifty tumbled amid a sharp jump in crude oil prices due to the widening crisis in West Asia weighed heavily on investors' sentiment. The stock started the trading session flat at Rs 446.30 on the BSE and fell to touch the intraday low of Rs 444.90. However, it rebounded and touched the intraday high of Rs 473.9, representing a gain of 6.18 per cent. This is also the stock's fresh 52-week high. The stock's 52-week…

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12

Mar

By The Press Editor

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Business

Retail inflation rises to 3.21% in February from 2.74% in preceding month

Mumbai: Retail inflation in the country moved up to 3.21 per cent in February compared to 2.74 per cent in the preceding month, according to the Consumer Price Index (CPI) released on Thursday. The inflation data is based on the new CPI series with a base year of 2024. Food inflation in February rose sequentially to 3.47 per cent from 2.13 per cent in January, showed the data released by the National Statistics Office (NSO). The major items that witnessed a high pace of price hike were 'silver, gold, diamond, platinum jewellery', coconut-copra, tomato, and cauliflower. On the other hand, there…

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12

Mar

By The Press Editor

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Business

No fuel shortage in India, adequate crude oil stocks available, assures Hardeep Singh Puri

New Delhi: Petroleum and Natural Gas Minister Hardeep Singh Puri on Thursday said there is no fuel shortage in the country and that India has sufficient crude oil. Asserting that India's crude supply position is secure, the Union Minister urged people not to spread rumours and avoid creating fake narratives.   "The world has not faced a moment like this in modern energy history. India's crude supply position is secure, and the secured volume exceeds what Hormuz would have delivered. Before the crisis, approximately 45 per cent of India's crude imports transited through the Strait of Hormuz route. Thanks to the…

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12

Mar

By The Press Editor

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Business

Innovision IPO GMP today: Check subscription status, listing date and other details

Mumbai: The initial public offer of Innovision Ltd, a manpower and toll plaza management services provider, received 30 per cent subscription on the second day of bidding on Wednesday. According to National Stock Exchange (NSE) data, the Rs 322.84-crore IPO received bids for 18,21,312 shares, as against 61,32,433 shares on offer. The category for Qualified Institutional Buyers (QIBs) got subscribed 99 per cent. Non-institutional investors' portion received 35 per cent subscription, and the Retail Individual Investors (RIIs) quota got subscribed 26 per cent. The initial public offer has a fresh issue of up to Rs 255 crore and an offer-for-sale…

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12

Mar

By The Press Editor

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Business

Smallcap stock opens in green even as equity benchmark indices tumbled in early trade, check details

Mumbai: Shares of smallcap company Bhatia Communications & Retail (India) opened the session in the green even as equity benchmark indices Sensex and Nifty tumbled in early trade on Thursday as a sharp jump in crude oil prices due to the widening crisis in West Asia weighed heavily on investors' sentiment. Besides, weak global market trends and relentless foreign fund outflows also dampened sentiments. The stock opened in the green at Rs 22.48 against the previous close of Rs 22.12 on the BSE. It further advanced to touch a high of Rs 23.45, representing a gain of Rs 1.33 or 6.01…

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12

Mar

By The Press Editor

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Business

Gold price falls by Rs 713 per 10 grams on MCX, silver remains volatile | Check city-wise rates

Mumbai: Rates of precious metals in futures opened lower on Thursday, March 12, 2026, with Brent crude approaching the USD100 per barrel mark following escalating geopolitical tensions involving the US, Israel, and Iran in West Asia. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,010 or 0.62 per cent at Rs 1,62,799 per 10 grams against the previous close of Rs 1,61,789. However, it soon fell to touch the low of Rs 1,61,076, a dip of Rs 713 or 0.44 per cent. Last seen, it was trading at Rs 1,61,454 with…

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12

Mar

By The Press Editor

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Business

PSU Dividend Stock: RailTel shares to be in focus ahead of ex-date for interim dividend, check amount, record date

Mumbai: Shares of RailTel Corporation of India (RailTel), a state-owned company, will be in focus as they will trade ex-date for the dividend soon. This is an opportunity for investors to earn additional profit amid stock market volatility. Indian benchmark indices Sensex and Nifty ended nearly 2 per cent lower amid growing tensions in West Asia, which unnerved investors. Besides, sustained foreign fund outflows and selling in blue-chip bank stocks added to the pressure. Amid this, there is an opportunity for investors to be eligible for an interim dividend announced by the Railway Ministry's public sector undertaking. RailTel Dividend Amount …

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12

Mar

By The Press Editor

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Business

LPG Shortage News LIVE: 800 hotels in Thane may shut operations, long queues outside gas agencies

New Delhi: The ongoing war in West Asia has affected the global supply of liquified petroleum gas (LPG), and India is no exception. The widening conflict in the Middle East has largely halted shipments through the Strait of Hormuz, which was the conduit for most of India's oil, gas, and LPG needs. This has created an LPG shortage in the country. While India scrambles to seek alternative crude sources from countries like Russia, LPG and LNG supplies remain constrained, and shortages are affecting businesses nationwide, from restaurants and crematoriums to ceramic units and even production units. The restaurant industry is…

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12

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex tumbles 500 points, Nifty falls nearly 1% as Brent crude surges above $100

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened sharply lower on Thursday, March 12, 2026, with Brent crude again bouncing back to USD 100 levels amid the ongoing conflict in the Middle East. While the 30-share BSE Sensex tumbled 494.06 points or 0.80 per cent to start the session at 76,369.65, the Nifty shed 192 points to open at 23,674.85. In the last trading session, the Sensex closed at 76,863.71 and the Nifty 50 at 23,866.85. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index gained 213.03 points, or…

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11

Mar

By The Press Editor

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Business

This NBFC approves Rs 100 crore fundraising via non-convertible debentures, check share price

Mumbai: Smallcap non banking financial company (NBFC) Paisalo Digital Ltd, has announced fundraising via the issuance of non-convertible debentures (NCDs). The company has informed exchanges that operations and finance committee of its board, at a meeting held on March 11, 2026, has approved the issuance of 9.25 per cent secured NCDs through private placement via the Electronic Book Provider (EBP) platform. Amid this update, the stock ended the trading session in the red at Rs 32.45 with a fall of 1.58 per cent against the previous close of Rs 32.97. The market cap of the company stood at Rs 2,951.40…

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