The Press Editor

New Delhi: The allotment status of the initial public offering of SBI Funds Management is expected to be announced today, July 17, 2026. The Rs 9,812.91-crore public issue has received decent subscription and was subscribed 41.66 times on the closing day of bidding on Thursday. According to data available on the National Stock Exchange (NSE), the issue received bids for 5,18,95,47,350 shares, against 12,45,63,536 shares on offer. The category for Qualified Institutional Buyers (QIBs) fetched 140.11 times subscription. The portion for non-institutional investors attracted 22.51 times subscription, while the retail segment was subscribed 3.60 times. Here's a step-by-step guide to…

Mumbai: Benchmark indices Sensex and Nifty ended the week on a strong note amid broad-based buying in heavyweight banking, financial, and IT stocks. The 30-share BSE Sensex closed 964.58 points higher at 78,151.45. During the day, the benchmark hit a high of 78,282.55 and a low of 77,308, gyrating 974.55 points. The 50-share NSE Nifty was up by 261.55 points or 1.09 per cent and ended the session at 24,334.30. However, the broader market ended the session in the red. While the BSE MidCap Select Index dropped 13.78 points or 0.07 per cent, the BSE SmallCap Select Index fell 28.04…

New Delhi: Prime Minister Narendra Modi on Friday inaugurated the Haryana section of the Delhi-Amritsar-Katra Expressway from Jind, marking a significant milestone for the nation. With the opening of this greenfield expressway, travel from Delhi to the shrine of Mata Vaishno Devi will become much easier and faster.  The Greenfield corridor forms part of the 667 km Delhi-Amritsar-Katra Expressway. This project is expected to provide a new impetus to road connectivity, tourism, and industry in North India. According to the Prime Minister's Office (PMO), the Delhi-Amritsar-Katra Expressway, once fully operational, will reduce the travel time from Delhi to Katra from…

New Delhi: If you drive your car safely for an entire year and file absolutely zero claims, can your premium still increase at renewal? This is a common question people have. While a clean record is highly beneficial, keep in mind that your premium is not solely dependent on whether you made a claim in the following year. According to experts, a vehicle's premium is typically calculated using a complex mix of variables, including its age, engine capacity, and specific coverage selections. "Consequently, several external and internal factors can push your premium upward, completely independent of your driving history," said…