Business

26

Mar

By The Press Editor

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Business

Amir Chand Vs Sai Parenteral Vs Powerica IPO GMP today, subscription status and other details

Mumbai: Amid stock market volatility, three initial public offerings (IPOs) are open for subscription. These IPOs are - Powerica Ltd, Sai Parenteral and Amir Chand Jagdish Kumar (Exports). The three-day subscription window of these public issues will close on March 27, 2026. As tomorrow is the last day for subscription, investors will be closely monitoring grey market premiums (GMPs) along with key details like price bands, lot sizes, and the subscription window. The GMP is the unofficial premium at which an IPO's shares are traded before their formal listing on the stock exchange. Let's take a look at the latest…

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26

Mar

By The Press Editor

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Business

Namo Bharat project is among most ambitious ventures in India’s mobility sector: Alstom India

New Delhi: In the heart of India’s rapid industrial evolution, a quiet revolution is unfolding on the tracks. As the nation pivots toward high-speed connectivity and smarter urban transit, Alstom India has emerged as the primary architect of this new era. From the world-first signalling debut on the Namo Bharat regional corridors to the rollout of fully autonomous, driverless metro systems in Delhi and Mumbai, the company's "Make in India" is driving India's rail revolution. To understand how the company is bridging the gap between global innovation and local execution, IndiaTV spoke to Olivier Loison, Managing Director of Alstom India.…

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26

Mar

By The Press Editor

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Business

Shriram Finance shares to be in focus as CCI okays Japan’s MUFG Bank proposal to acquire stake – Details

Mumbai: Shares of Shriram Finance will be in focus when the market opens on Friday, March 26, 2026, as the company has shared an important update related to the issuance of equity shares to investors by way of a preferential issue on a private placement basis. According to information shared with exchanges, the fair trade regulator, the Competition Commission of India (CCI), has approved Japan's Mitsubishi UFJ Financial Group Inc (MUFG) Bank's proposal to acquire a stake in Shriram Finance. The non-banking company said that the proposed transaction was approved by the CII on March 25, 2026. The development came…

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26

Mar

By The Press Editor

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Business

PSU Dividend Stock: IREDA declares 6% interim dividend, check record date and other details

Mumbai: State-owned company Indian Renewable Energy Development Agency (IREDA) has announced an interim dividend for its investors. This is a good opportunity for investors looking to make additional profit on their investment. This is extremely important as stock markets are witnessing a lot of volatility due to the ongoing Middle East war. The public sector company has also fixed a record date to determine the eligibility of shareholders for this corporate action. However, investors must buy the stock before the ex-date, which is generally 1-2 days before the record date, to be eligible for a corporate action. While the ex-date…

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26

Mar

By The Press Editor

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Business

Planning to invest Rs 5,000 in mutual funds? Can multiple SIPs give you extra return, find out here

New Delhi: Systematic Investment Plans (SIPs) have transformed the investment landscape for Indian retail investors by allowing them to begin investing with a minimum monthly contribution of Rs 5,000. But here’s the catch - many first-time investors think that splitting that Rs 5,000 across five different mutual funds is smart diversification. Some experts believe that this is a common mistake. "You face an excessive amount of work because you divided your money into too many parts, which we refer to as 'diworsification'," said  Ashish Anand, Partner, Fortuna Asset Managers. For the uninitiated, 'diworsification' is a term coined by Peter Lynch,…

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26

Mar

By The Press Editor

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Business

Market Holidays 2026: Is the stock market open or closed today for Ram Navami?

Mumbai: Ram Navami is one of the most important festivals in Sanatan Dharma and is observed on the Navami Tithi of Shukla Paksha in the month of Chaitra on the final day of Navratri. However, there is some confusion regarding the dates - in some parts, it is being celebrated today, while in others, the celebrations will take place on Friday, March 27, 2026. Amid this, investors are curious to find out when the Indian equity markets will observe a holiday. As per information available on the National Stock Exchange, the benchmark indices NSE and BSE will remain closed on…

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26

Mar

By The Press Editor

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Business

Bank holidays 2026: When are banks closed for Ram Navami in your city? Check state-wise list

New Delhi: If you are planning to visit a bank branch for any important work today, i.e., on Thursday, March 26, 2026, it is important to know whether banks are open or closed in your city. Today, on March 26, 2026, the festival of Ram Navami is being celebrated in several parts of the country. Some regions follow Udaya Tithi, and therefore, the festival will be celebrated on March 27, 2026. As a result, the first question that comes to many people's minds before visiting a bank is whether it is open or closed today. Some have to deposit a…

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25

Mar

By The Press Editor

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Business

Strong rebound: Gold price jumps Rs 18,000 in just 2 days, silver rises by Rs 37,500 on MCX

Mumbai: Snapping their losing streak, precious metals have registered a strong rebound, buoyed by a softer dollar. The strong recovery comes amid possibilities of a de-escalation of the Iran war and negotiations between the United States and Iran. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 4,167 or 2.99 per cent at Rs 1,43,079 per 10 grams against the previous close of Rs 1,38,912. It later gained to touch the high of Rs 1,47,925, a gain of Rs 9,013 or 6.48 per cent. Last seen, it was trading at Rs 1,47,080…

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25

Mar

By The Press Editor

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Business

Piyush Goyal launches Malabar Charitable Trust’s scholarship programme for 33,000 girls across India

New Delhi: Union Minister Piyush Goyal attended a programme organised by the Malabar Charitable Trust, where he inaugurated a nationwide scholarship initiative for school and college-going girls. Under this programme, 33,000 girls across India will receive financial assistance to support their education. Malabar Group sets benchmark in CSR Addressing the gathering, Piyush Goyal praised Malabar for dedicating 5 per cent of its profits to CSR, which will fund scholarships for girls. “These girls will grow up to become part of a developed India,” he said.  Goyal also highlighted the inherent sensitivity and solidarity among Indians, citing the collective efforts during…

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25

Mar

By The Press Editor

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Business

Government issues clarification on rumours of revised LPG refill booking timelines, check full details

New Delhi: The Central government has stated that it is making all attempts on domestic and international fronts to address the hardship caused by the LPG shortage amid the ongoing conflict in West Asia. Amid this, several rumours are doing the rounds about changes to the rules for LPG refill booking timelines. Some news reports and social media posts claimed that the LPG refill booking timeline has been revised to 45 days for PMUY (Pradhan Mantri Ujjwala Yojana) connections, 25 days for non-PMUY single-bottle connections, and 35 days for non-PMUY double-bottle connections. However, the government has not issued a clarification stating…

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