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FMCG stock gains after 6 days of consecutive fall hits 5% upper circuit – Check share price
08
Apr
By The Press Editor
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Business

FMCG stock gains after 6 days of consecutive fall hits 5% upper circuit – Check share price

Mumbai: Shares of Elitecon International, a diversified FMCG enterprise, rebounded on Wednesday amid a sharp rally in the benchmark indices Sensex and Nifty after the US and Iran announced a two-week ceasefire. The stock opened in the red at Rs 37.46, down from the previous close of Rs 39.43 on the BSE. However, amid a spurt in trading volume by more than 30.96 times, the counter gained 5 per cent and was locked in an upper circuit. Last seen, the stock was trading at Rs 40.13 with a gain of Rs 0.70 or 1.78 per cent. The market cap of…
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156% return in 1 year: Shares of KMEW gain over 5% post this update, check details here
08
Apr
By The Press Editor
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Business

156% return in 1 year: Shares of KMEW gain over 5% post this update, check details here

Mumbai: Shares of Knowledge Marine and Engineering Works Ltd, which is into dredging, repairs, and maintenances of marine crafts and marine infrastructure, surged over 5 per cent on Wednesday after the company informed exchanges about the commissioning of River Pearl 47, the largest and deepest Indian-flag, self-propelled backhoe dredger, at Jawaharlal Nehru Port Authority (JNPA) under contract with the Dredging Corporation of India. The counter opened gap up at Rs 1750.95, representing a gain of 5.46 per cent from the previous close of Rs 1,660.30 on the BSE. However, it later dipped amid profit booking and touched the intraday low…
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AERA announces 25% cut in flight landing, parking charges for 3 months – Will flights get cheaper?
08
Apr
By The Press Editor
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Business

AERA announces 25% cut in flight landing, parking charges for 3 months – Will flights get cheaper?

New Delhi: To provide immediate relief to the aviation sector, the Airports Economic Regulatory Authority of India (AERA) has announced a major decision. According to AERA, landing and parking fees for domestic flights have been reduced by 25 per cent at all major airports across the country. This reduction is effective immediately and will remain in effect for the next three months. After three months, AERA will review market conditions, airlines' financial positions, and industry challenges before deciding on further charges. The tariff follows the government's directive to the authority in view of the ongoing West Asia crisis, the order…
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RBI MPC Meeting 2026: Central bank keeps repo rate unchanged at 5.25%, maintains neutral stance
08
Apr
By The Press Editor
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Business

RBI MPC Meeting 2026: Central bank keeps repo rate unchanged at 5.25%, maintains neutral stance

New Delhi: Reserve Bank Governor Sanjay Malhotra on Wednesday said that the six-member Monetary Policy Committee (MPC) has unanimously decided to keep the repo rate unchanged at 5.25 per cent.ย Malhotra also said that the central bank has maintained the policy stance as โ€˜Neutralโ€™. The RBI MPC meeting comes amid the ongoing conflict in West Asia, which has led to a sharp increase in crude oil prices and a sharp depreciation of the rupee.ย ย  The RBI has cut rates by a total of 125 basis points since February 2025, marking its most aggressive easing cycle since 2019. It last reduced the…
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Market Opening Bell: Sensex surges 2,674 points, Nifty above 23,850 as crude oil prices drop below USD 95
08
Apr
By The Press Editor
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Business

Market Opening Bell: Sensex surges 2,674 points, Nifty above 23,850 as crude oil prices drop below USD 95

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a strong positive note on Wednesday, amid positive global cues as crude oil prices dropped below USD 95 after the US and Iran agreed to a two-week ceasefire. The action in the market also comes ahead of the RBI's Monetary Policy Committee (MPC) outcome. While the 30-share BSE Sensex surged 2,674.05 points or 3.58 per cent to start the session at 77,290.63, the Nifty added 731.5 points to open at 23,855.15. In the last trading session, the Sensex closed at 74,616.58 and the Nifty 50 at…
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“Time is right for me to…”: Here’s why Air India CEO Campbell Wilson has resigned
07
Apr
By The Press Editor
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Business

“Time is right for me to…”: Here’s why Air India CEO Campbell Wilson has resigned

New Delhi: Tata Group-owned Air India chief executive officer (CEO) and managing director (MD) Campbell Wilson has resigned from the position. The airline, while confirming the development, said that it has set up a committee to find his successor. However, he will continue as CEO & MD till his successor is announced. Wilson, a native of New Zealand, has been at the helm of the Tata Group-owned airline for four years as Chief Executive Officer and Managing Director.ย  Here's why Air India CEO resigned According to the information shared by the airline, Wilson, in the letter, said that he feels…
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Explained: France pulls final remains of gold reserves from US, here’s why it holds significance
07
Apr
By The Press Editor
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Business

Explained: France pulls final remains of gold reserves from US, here’s why it holds significance

New Delhi: The Banque de France (BdF) has pulled all its gold reserves from the United States. According to reports, this gold has been replaced with an equivalent amount in its vaults in Paris. The gold amounted to 129 tonnes - approximately 5 per cent of the total gold stored in the bank - and has resulted in a massive โ‚ฌ12.8 billion (USD 15 billion) capital gain for the central bank. For the uninitiated, France is one of the world's leading holders of gold and has been storing the precious metal with the Federal Reserve Bank of New York since…
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Market Closing Bell: Sensex jumps 509.73 points to settle at 74,616.58, Nifty above 23,100
07
Apr
By The Press Editor
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Business

Market Closing Bell: Sensex jumps 509.73 points to settle at 74,616.58, Nifty above 23,100

Mumbai: Indian benchmark indices rallied for the second consecutive day on Tuesday, April 7, 2026. The market started today's trading in the red, but after 01.30 pm, buying picked up and the market picked up pace. On the second day of the week, on Tuesday, the BSE Sensex closed at 74,616.58 points with a rise of 509.73 points (0.69 per cent). Whereas, NSE's Nifty 50 index added 155.40 points (0.68 per cent) today and closed at 22,968.25 points.ย  Shares of 19 out of 30 companies of the Sensex 30 pack closed in the green, while the stocks of all the…
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Air India revises fuel surcharge, ticket prices to get costlier – Here’s how much you will have to pay extra
07
Apr
By The Press Editor
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Business

Air India revises fuel surcharge, ticket prices to get costlier – Here’s how much you will have to pay extra

Mumbai: Tata Group-owned Air India flights are set to become costlier as the airline announced a change to its fuel surcharge structure, effective from April 8. As a result, tickets of both domestic and international routes will become more expensive. According to the available information, the decision has been taken due to a sharp increase in the prices of jet fuel (ATF) globally. The development comes days after low-cost carrier Indigo started levying revised fuel charges ranging on domestic and international flights from April 2, following the rise in jet fuel prices. How will the fuel surcharge be levied now?…
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