Business

14

Jan

By The Press Editor

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Business

This FMCG stock rebounds as benchmark indices recover, check share price and other details

The stock has delivered a return of 587.70 per cent in one year, but on a year-to-date basis, it has corrected 17.02 per cent, as against the fall of 1.94 per cent in the benchmark index. Mumbai: Shares of fast-moving consumer goods (FMCG) Elitecon International have gained nearly 7 per cent today as stock markets recovered after starting in the red on Wednesday, January 14, 2026. The stock of the cigarette and tobacco products manufacturer opened in the red at Rs 81.95 against the previous close of Rs 84.73, a fall of 3.28 per cent. It dipped further to touch…

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14

Jan

By The Press Editor

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Business

Banks open or shut on January 14, 15? Full state-wise holiday list inside

Bank holiday today: While banks will observe the holiday on January 14 in a few eastern and northeastern states, banks in major metros such as Mumbai, Bengaluru, Chennai and Hyderabad will be closed on January 15. Mumbai: The country finds itself in the midst of harvest festivals, including Makar Sankranti, Lohri, Pongal and Bihu. While the festivities are on, people are wondering whether banks will be operational during these celebrations. According to the holiday calendar released by the Reserve Bank of India (RBI), banks in several states will observe holidays on January 14 and 15 for harvest festivals such as…

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14

Jan

By The Press Editor

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Business

Stock under Rs 50 hits upper circuit in volatile market, check share price and other details

The stock's 14-day relative strength index (RSI) is 28.56. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of multi-format food service company Spice Lounge Food Works were locked in the 5 per cent upper circuit even as Indian equity benchmark indices remained volatile. While the 30-share BSE Sensex shed 269.15 points to start the session at 83,358.54, the Nifty fell 83.75 points to open at 25,648.55. Amid this, the shares of the company started the trading session gap down with a fall of 4.98 per…

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14

Jan

By The Press Editor

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Business

Gold hits record high of Rs 1,43,340 on MCX, Silver surges by Rs 12,803 | Check city-wise rates

In the international market, the COMEX gold price was up by 0.96 per cent to approximately USD 4,643.1 per troy ounce. Mumbai: Rates of precious metals in futures trade surged on Wednesday, January 14, 2026, amid ongoing geopolitical uncertainty that has fueled safe-haven demand. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 1,740 at Rs 1,40,501 per 10 grams against the previous close of Rs 1,42,241. However, it rebounded to hit an all-time high of Rs 1,43,340, a jump of Rs 1,099. Last seen, the precious metal futures were trading at…

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14

Jan

By The Press Editor

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Business

Market Opening Bell: Sensex drops 269 points, Nifty below 25,650, Infosys top gainer

Sensex, Nifty Today: Gift Nifty, an early indicator for the Nifty 50, indicated a negative start as it opened with a dip of 18 points at 25,752.50, compared to the previous close of 25,770.50. Mumbai: After experiencing a volatile trading session, Indian equity benchmark indices, the Sensex and Nifty, opened in the red on Wednesday, January 14, 2026, amid mixed global cues. While the 30-share BSE Sensex shed 269.15 points to start the session at 83,358.54, the Nifty fell 83.75 points to open at 25,648.55. In the last trading session, the Sensex closed at 83,627.69 and the Nifty 50 at…

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13

Jan

By The Press Editor

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Business

Missed one EMI? Here’s how big is this damage and how to contain it

From a credit ecosystem standpoint, a single missed payment rarely defines a borrower’s creditworthiness. Credit bureaus evaluate repayment behaviour over time, not isolated incidents. New Delhi: Missing an EMI (Equated Monthly Instalment) is far more common than most borrowers realise, and it doesn’t automatically spell financial trouble. In a country where household cash flows are increasingly variable, a delayed salary, medical emergency, or unexpected expense can easily disrupt a monthly repayment cycle. According to Mahesh Shukla, CEO & Founder, PayMe, what truly determines the long-term impact is not the missed EMI itself, but how quickly and responsibly a borrower responds.…

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13

Jan

By The Press Editor

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Business

Makar Sankranti Bank Holiday: When are banks closed for Makar Sankranti, January 14 or January 15?

Bank Holiday Makar Sankranti: Despite some states experiencing bank closures, customers can continue to use digital services, including UPI, net banking, mobile banking, ATMs, and online transactions, which will continue to function normally. New Delhi: Every year, many bank customers wonder whether there will be a bank holiday on Makar Sankranti. However, confusion has grown this time, as people are unsure whether the festival will fall on January 14 or January 15. The Reserve Bank of India (RBI) announces a month-wise bank holiday calendar and a city-wise list of holidays. As per the list of bank holidays for January issued…

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13

Jan

By The Press Editor

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Business

After ATM transaction hike, SBI increases IMPS transfer costs: Details inside

As per the new SBI rules, if any customer does a transaction of more than Rs 25,000 via IMPS through online channels, he/she will be charged a fee. New Delhi: The State Bank of India (SBI) is set to implement a notable change by making the Immediate Payment Service (IMPS) via mobile app or internet banking slightly more expensive. The upcoming change is slated to be rolled out on February 15, 2025. Previously, SBI customers could use online IMPS transfers free of charge. However, as per the new rules, sending larger amounts will incur a fee. It is to be…

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13

Jan

By The Press Editor

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Business

Expressway Effect: Lucknow’s real estate market expands beyond the city core

New corridors such as Faizabad Road, Sultanpur Road, Shaheed Path, and the Outer Ring Road belt are rapidly emerging as the city’s next-generation development hubs. Lucknow: Long celebrated for its regal heritage, Lucknow is now writing a fresh chapter where elegance meets expansion. The city has woven progress into its identity through expansive expressways, a strengthening metro network, and emerging planned urban districts. According to recent data from property consultant ANAROCK, land transactions in H1 2025 (first half of 2025) have already surpassed the full-year 2024 volumes, underscoring developers’ strong confidence in the country’s expanding real estate market. The data…

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13

Jan

By The Press Editor

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Business

PFC’s NCDs to open soon, PSU plans to raise Rs 5,000 crore – Check dates and other details

The company, in an exchange filing, said that the deemed date of allotment of NCDs is the date on which the director (finance) approves the allotment. Mumbai: State-run Power Finance Corporation Limited (PFC) has announced that it plans to raise up to Rs 5,000 crore through a public issue of non-convertible debentures (NCDs). According to the information available, the base size of the issue is Rs 500 crore and a green shoe option of up to Rs 4,500 crore. The issue has a 15-year tenor and opens on January 16 and closes on January 30. The issue will have an…

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