Business

31

Dec

By The Press Editor

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Business

Zomato, Swiggy offer increased payout to gig workers amid strike call by unions on New Year’s Eve

Zomato has offered delivery partners payouts of Rs 120 to Rs 150 per order during peak hours between 6 pm and 12 am on New Year's Eve. Mumbai: Food delivery platforms Zomato and Swiggy are offering more incentives to their delivery partners, a standard practice they follow during festive periods, to ensure minimal disruptions in services on New Year's Eve amid a strike call by gig workers' unions. The Telangana Gig and Platform Workers' Union (TGPWU) and the Indian Federation of App-Based Transport Workers (IFAT) have claimed that lakhs of workers are set to join the nationwide strike to demand…

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31

Dec

By The Press Editor

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Business

Cabinet approves 6-lane Nashik-Solapur-Akkalkot corridor worth Rs 19,142 crore

The Nashik-Talegaon Dighe section also addresses the need for the development of the Pune-Nashik Expressway, which has been identified by NICDC as part of the proposed new expressway being built by the Maharashtra state government. New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, today approved the construction of two significant projects. The total estimated cost of these two projects is approximately Rs 20,668 crore. The projects include the construction of the 374 km long Nashik-Solapur-Akkalkot corridor, as well as the widening and strengthening of the existing 2-lane road with paved shoulders on NH-326 in…

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31

Dec

By The Press Editor

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Business

Indian economy to record high growth despite volatile external environment, says RBI Governor

Reserve Bank said in a report that the Indian economy is likely to maintain strong growth, underpinned by robust domestic demand, benign inflation, and prudent macroeconomic policies despite an uncertain and challenging global economic backdrop. New Delhi: Indian economy is projected to register high growth, driven by strong domestic consumption and investment despite a volatile and unfavourable external environment, RBI Governor Sanjay Malhotra said on Wednesday. "Maintaining financial stability and strengthening the financial system remains our north star," Malhotra said in his foreword in the latest edition of the RBI Financial Stability Report. According to him, financial sector regulators recognise…

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31

Dec

By The Press Editor

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Business

8th Pay Commission to take effect from January 1: Key details on salary hike, pension and fitment factor

When it comes to the fitment factor, the 8th Pay Commission will take into consideration several factors, which also include inflation. New Delhi: The Union Cabinet, led by Prime Minister Narendra Modi, has approved the 8th Pay Commission, and it will be effective from tomorrow i.e. January 1, 2026. The upcoming pay regime will result in hiked salaries, pensions, and allowances of serving and retired central government employees. Along with these hikes, the 8th Pay Commission will also adjust the Dearness Allowance (DA) to factor in inflation. As people expect immediate salary hikes, the Union Cabinet clarified in its October 2025…

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31

Dec

By The Press Editor

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Business

BSE smallcap stock end session in green as board approves major credit facility enhancements

The Sensex gained 545.52 points to end the session at 85.220.60 and the Nifty added 190.75 points close at 26,129.60. Mumbai: Shares of frozen meat exporter HMA Agro Industries gained on Wednesday after the company informed exchanges that its board has approved significant enhancements to its credit facilities. The stock ended the trading session at Rs 29.02, with a gain of 1.72 per cent from the previous close of Rs 28.53 on the BSE. The market cap of the company stood at Rs 1,453.23 crore. The action in the stock coincides with the gain in benchmark indices. The Sensex gained…

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31

Dec

By The Press Editor

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Business

Vodafone Idea AGR: Cabinet reportedly freezes dues at Rs 87,695 crore, stock hits lower circuit

Vodafone Idea AGR: Cabinet reportedly freezes dues at Rs 87,695 crore, stock hits lower circuit Mumbai: In a significant development, the Cabinet has reportedly frozen Adjusted Gross Revenue (AGR) dues at Rs 87,695 crore. According to news agency PTI, the AGR dues have to be paid by the company from FY32-FY41. Reports suggest that Vodafone Idea AGR dues will be reassessed by the telecom department. "AGR dues pertaining to FY18, FY19 shall be payable by Vodafone Idea from FY26 to FY31 without change," sources were quoted as saying by the agency. According to the reports, the steps taken by the…

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31

Dec

By The Press Editor

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Business

Shares of FMCG company with market cap of Rs 15,953 crore hits upper circuit as Sensex surges 400 points

The stock's 14-day relative strength index (RSI) is 38.29. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of FMCG company Elitecon International Limited hit their 5 per cent upper circuit on Wednesday, December 31, 2025, amid a recovery in Indian benchmark indices. The stock started the trading session in the red at Rs 95 against the previous close of Rs 95.05 on the BSE. It later gained momentum and got locked into an upper circuit of Rs 99.80. The surge coincides with the jump in…

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31

Dec

By The Press Editor

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Business

Auto stock under Rs 50 surges 15% as benchmark indices bounced back, check share price

According to information available on the NSE, the stock has given a positive return of 5.22 per cent but has corrected 52.94 per cent in one year. Mumbai: Shares of Uttar Pradesh-based steel and automotive player Pavna Industries surged nearly 15 per cent on Wednesday as benchmark indices bounced back on the last trading session of the year. The stock opened gap up with a gain of 9.37 per cent at Rs 22.99 against the previous close of Rs 21.02 on the BSE. It surged further amid a spurt in trading volume by 6.12 per cent to touch the high…

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31

Dec

By The Press Editor

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Business

Stocks to watch today: Indigo, Bharat Forge, RITES among stocks in focus

Stocks to watch today: Bharat Forge Limited has signed its largest Small Arms Contract with the Ministry of Defence for the supply of an indigenously designed and developed CQB Carbine (5.56 x 45 mm). Mumbai: A day after Indian equity benchmark indices witnessed range-bound activity, stock markets are expected to start on a subdued note in the final trading session amid continued FII selling and weak global cues, as several major Asian stock markets remained closed for the year-end and New Year's holidays. Foreign Institutional Investors (FIIs) remained net sellers on December 30 and offloaded equities worth Rs 3,844.02 crore,…

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31

Dec

By The Press Editor

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Business

Gold, Silver Rate Today: Silver crashes over 7%, gold too drops on MCX, check city-wise rates

Gold Price Today, Gold MCX Rate on December 31, 2025: In the international market, the COMEX gold price dropped by 0.63 per cent to approximately USD 4,358.7 per troy ounce. Mumbai: Rates of precious metals in futures trade rebounded on Tuesday, December 30, 2025, a day after major drop because of strong profit booking. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 339 at Rs 1,36,327 per 10 grams against the previous close of Rs 1,36,666. It dipped further to hit a low of Rs 1,35,618. As of last seen, the…

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