Business

16

Jun

By The Press Editor

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Business

Pharma stock below Rs 50 gains for 4th straight session, hits 52-week high amid this update | Markets

Mumbai: Shares of pharma company Sudarshan Pharma Industries hit a fresh 52-week high on Tuesday, June 16, 2026, after the company informed exchanges that its board of directors will meet soon to consider and approve a proposal to raise funds through a preferential issue or any other method. The stock has been gaining for the four straight sessions and opened in green as benchmark indices Sensex and Nifty rallied in early trade, driven by a positive trend in global markets and cooling crude oil prices. The stock started the trading session at Rs 37.50, a gain of Rs 0.33 or…

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16

Jun

By The Press Editor

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Business

PM Kisan Yojana: 23rd instalment to be released soon, government announces date – Check details | Personal-finance

New Delhi: There is some good news for farmers across India: they will soon receive the 23rd instalment of the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan Samman Nidhi), as the government has announced the date on which the funds will be transferred to the bank accounts of eligible farmers. The government provides a financial assistance of Rs 6,000 annually to farmers under the PM-Kisan scheme. The amount is credited to farmers' accounts in three equal instalments. The 22nd instalment of the scheme was released by Prime Minister Narendra Modi in Guwahati on March 13, 2026.  PM Kisan Yojana 23rd…

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16

Jun

By The Press Editor

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Business

650% return in 5 years: Logistics stock surges over 7% amid rally in benchmark indices | Markets

Mumbai: Benchmark indices Sensex and Nifty continued their rally on Tuesday, amid a positive trend in global markets and cooling crude oil prices. Fresh foreign fund inflows also added to the positive trend in the domestic market. Amid this rally, shares of Sindhu Trade Links surged over 7 per cent. The counter began the trading session in the red at Rs 25.05 against the previous close of Rs 25.13 on the BSE. However, it rebounded and touched the intraday high of Rs 27.06, representing a gain of Rs 1.93 or 7.6 per cent. Last seen, the stock held firmly in green…

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16

Jun

By The Press Editor

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Business

Gold steady, silver falls on MCX as investors await details of US-Iran peace deal | Check city-wise rates | Markets

Mumbai: Rates of precious metals in futures traded mixed on Tuesday, June 16, 2026, as traders and investors awaited further details on the US-Iran peace deal. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a minor drop of Rs 25 or 1.11 per cent at Rs 1,52,891 per 10 grams against the previous close of Rs 1,52,916. It fell a bit further to touch an intraday low of Rs 1,52,827, a drop of Rs 89. However, it gained momentum amid buying at lower levels, touching an intraday high of Rs 1,53,161, a gain of Rs…

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16

Jun

By The Press Editor

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Business

GIC shares in focus as government to sell up to 5% stake, OFS opens today – Check floor price | Markets

Mumbai: Shares of state-owned General Insurance Corporation of India (GIC) will be in focus during today's trading session, i.e. on June 16, 2026, as its offer for sale (OFS) will open for non-retail investors. Headquartered in Mumbai, the General Insurance Corporation is an Indian public-sector reinsurance company. With this, GIC has become the fifth company where the government is selling its stake. The other companies in which the government has already trimmed its exposure are NLC India, NHPC India, Central Bank of India, and Coal India. It has already raised Rs 13,389 crore through public sector units' stake sales in…

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16

Jun

By The Press Editor

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Business

Market Opening Bell: Sensex gains 260 points, Nifty above 23,900, HCL Tech among top gainers | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a mildly positive note on June 16, 2026, as global markets remain largely supportive. While the 30-share BSE Sensex gained 262.44 points or 0.34 per cent to start the session at 76,526.77, the Nifty jumped 70 points to open at 23,923.90. In the last trading session, the Sensex closed at 76,264.33 and the Nifty 50 at 23,853.90. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index was up by 73.17 points, the BSE Smallcap Select Index gained…

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15

Jun

By The Press Editor

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Business

India hikes export duty on diesel, Aviation Turbine Fuel; petrol levy unchanged | Business

New Delhi: Amid concerns over global energy supplies, the Centre has increased export duties on Aviation Turbine Fuel (ATF) and diesel for the upcoming fortnight beginning Tuesday (June 16). However, the export duty on petrol has been left unchanged. The move is aimed at ensuring adequate domestic fuel availability and reducing incentives for exports at a time when geopolitical developments continue to impact international energy markets. According to a government notification issued on Monday, the export duty on aviation turbine fuel has been raised significantly from Rs 9.5 per litre to Rs 12.5 per litre. Diesel exports will also attract…

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15

Jun

By The Press Editor

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Business

Gold, silver rebound following US-Iran deal, here are key levels for investors | Check city-wise rates | Markets

Mumbai: Rates of precious metals in futures rebounded amid strong global trends after the announcement of a US-Iran peace deal. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 3,301 or 2.19 per cent at Rs 1,53,829 per 10 grams against the previous close of Rs 1,50,528. However, it witnessed some selling at higher levels and fell to an intraday low of Rs 1,52,632, but it continued to trade in the green. Last seen, it was trading at Rs 1,53,333 with a gain of Rs 2,805 or 1.86 per cent.  On the…

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15

Jun

By The Press Editor

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Business

Infrastructure and Integration: How Noida, Ghaziabad are driving next housing boom | Business

Mumbai: NCR’s residential growth story is gradually expanding beyond its traditional centres, with the eastern corridor increasingly emerging as one of the region’s most active housing markets. From the Noida Expressway and Greater Noida to Siddharth Vihar, Indirapuram’s extension belts, and Wave City, these micro-markets are witnessing sustained momentum backed by large-scale infrastructure development and stronger connectivity. Wider road networks, metro expansion, expressway access, and integrated township-led development are collectively changing buyer perception across Noida and Ghaziabad. Much of this momentum is being anchored by infrastructure-led expansion that is changing the way homebuyers and investors evaluate NCR’s emerging residential markets.…

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15

Jun

By The Press Editor

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Business

Income Tax: Foreign travel and luxury spending can create tax filing obligations – All you need to know | Markets

New Delhi: Many taxpayers are under the impression that they need not file an Income Tax Return (ITR) if their income is below Rs 2.5 lakh (old regime) or Rs 3 lakh (new regime). However, the rules go beyond simply your income. According to experts, tax law now triggers a filing obligation based on your spending as well. Two separate machineries do this - one makes filing legally mandatory above certain spend thresholds, and the other leaves a tax footprint on your PAN that you can only recover and reconcile by filing. Mechanism 1: Foreign travel above Rs 2 lakh…

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