Business

07

Apr

By The Press Editor

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Business

Gold below Rs 1.50 lakh per 10 gram, silver too falls on MCX | Check city-wise rates

Mumbai: Rates of precious metals in futures opened lower on Tuesday, April 7, 2026, as crude oil prices hit a record high of Rs 10,888 per barrel in futures trade. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 222 or 0.14 per cent at Rs 1,49,759 per 10 grams against the previous close of Rs 1,49,981. It later fell further to hit the low of Rs 1,49,201, a dip of Rs 780 or 0.52 per cent. Last seen, it was trading at Rs 1,49,549 with a fall of Rs 432 or…

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07

Apr

By The Press Editor

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Business

This IT stock continues upward momentum amid volatility as company shares update on acquisition

Mumbai: Shares of smallcap IT company Blue Cloud Softech Solutions Ltd gained over 8 per cent on Tuesday, even as the market remained volatile. Equity benchmark indices declined as crude oil prices refused to fall amid US President Donald Trump's fresh deadline to Iran. The 30-share BSE Sensex tumbled 824.44 points to 73,282.41 in early trade. The 50-share NSE Nifty dropped 248.95 points to 22,719.30. Amid this, the stock opened in the green at Rs 19.74, up 1.70 per cent from the previous close of Rs 19.41. It further advanced to touch a high of Rs 21.01, representing an 8.24…

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07

Apr

By The Press Editor

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Business

This jewellery stock rises nearly 10% as revenue jumps 32% in Jan-Mar quarter, details here

Mumbai: Share of Delhi-based PC Jeweller surged nearly 10 per cent on Tuesday after the company said its standalone revenue grew 32 per cent annually during the fourth quarter of the last fiscal year ended March 2026. The stock started the trading session in the green at Rs 8.88, up from the previous close of Rs 8.57 on the BSE. Amid a spurt in trading volume by more than 1.81 times, the counter gained further and touched the high of Rs 9.29, representing a gain of 9.68 per cent from the previous close. Last seen, the stock was trading at…

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07

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex drops 372 points, Nifty holds 22,800 amid mixed global cues

Mumbai: A day after a positive closing, Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a negative note on Tuesday, amid mixed global cues, following US President Donald Trump's new deadline for Iran. While the 30-share BSE Sensex shed 372.49 points or 0.50 per cent to start the session at 73,734.36, the Nifty fell 129.55 points to open at 22,838.70. In the last trading session, the Sensex closed at 74,106.85 and the Nifty 50 at 22,968.25. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index shed…

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07

Apr

By The Press Editor

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Business

Government doubles allocation of 5kg LPG cylinders for migrant workers in each state

New Delhi: Amid reports of a shortage of LPG cylinders, the Ministry of Petroleum & Natural Gas has announced that the daily quantity of 5kg Free Trade LPG (FTL) cylinders is being doubled across all States and Union Territories. The ministry said that these 5kg FTL cylinders will be made available to migrant workers with the assistance of oil marketing companies (OMCs). ".. these 5kg FTL cylinders will be at the disposal of the State Government / its Food / Civil Supplies Department for supplying only to migrant laborers in their state with the assistance of oil marketing companies (OMCs)," the letter…

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07

Apr

By The Press Editor

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Business

RBI shuts down this co-operative bank in Maharashtra – What happens to customers’ money now?

Mumbai: The Reserve Bank of India (RBI) has continued its actions against co-operative banks, and in this series, it has now cancelled the licence of Shirpur Merchants Co-operative Bank. The central bank took this step as Shirpur Merchants Co-operative Bank does not have adequate capital and earning prospects. The RBI said in a statement on Monday that, as a result of the licence cancellation, Shirpur Merchants Co-operative Bank will cease operations with effect from the close of business on April 6, 2026. The Commissioner for Cooperation, Registrar of Cooperative Societies, Maharashtra, has been requested to issue an order for the…

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06

Apr

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Business

Gold, silver rates volatile on MCX as crude oil rises amid tensions in West Asia | Check city-wise rates

Mumbai: Rates of precious metals in futures remained volatile on Monday, April 6, 2026, as Brent crude rose to USD 110.74 a barrel. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 833 or 0.55 per cent at Rs 1,48,847 per 10 grams against the previous close of Rs 1,49,680. It later fell to a low of Rs 1,48,298 but recovered to trade in the green at the time of writing the report. Last seen, it was trading at Rs 1,50,194 with a gain of Rs 514 or 0.34 per cent. On…

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06

Apr

By The Press Editor

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Business

PNB Customers Alert: PSU bank to close these accounts from April 15

New Delhi: Do you also have an account with Punjab National Bank (PNB Bank)? Then this news is important to you, as PNB has issued an alert to account holders who have had no transactions in their accounts for the past three years. The bank has warned such customers that if necessary steps are not taken, their accounts will be closed after April 15, 2026. Account with zero balance According to an official notice from Punjab National Bank, this deactivation will apply only to accounts that have been inactive for the past three years and currently have a zero balance.…

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06

Apr

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Business

Opportunity to own a plot near Noida airport, YEIDA launches new scheme – Check price and other details

Noida: The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a new scheme under which it is providing 973 plots near the Noida International Airport. The scheme, which opened for registration today, i.e. on Monday, April 6, 2026, will close on May 6. This means interested people will have a full month to apply. According to the authority's official website, a draw will be held on June 18 for this scheme to determine the fate of those who have received plot allotments.  What are the locations of these plots? According to the Yamuna Expressway Industrial Development Authority's official website, these…

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06

Apr

By The Press Editor

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Business

IPO pipeline strengthens as 38 companies file draft papers in March, 18 launched so far this year

Mumbai: Thirty-eight companies, including SBI Funds Management and Manipal Health Enterprises, have filed preliminary papers with the Securities and Exchange Board of India (SEBI) for IPOs due in March 2026. However, the increase is also due to regulatory deadlines. SEBI data shows that 22 companies filed preliminary papers for IPOs in March 2025 and 16 in March 2024. According to merchant banking sources, this momentum is expected to continue.  NSE, Jio prepare to file draft IPO Several major companies are preparing to file draft IPO documents on the National Stock Exchange (NSE) in the coming weeks, including Reliance Industries' telecom company…

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