Business

12

Feb

By The Press Editor

0 Comments

Business

Gold ETF: Amid continuous rise in gold prices, Union MF launches dual NFOs

Image Source : PIXABAY Union Gold ETF will replicate/track domestic price of gold. NFO alert: Union Mutual Fund has launched two New Fund Offers (NFOs) - Union Gold ETF and Union Gold ETF Fund of Fund (FoF). These funds provide investors with an opportunity to add gold exposure to their portfolios in a structured and convenient manner. Union Gold ETF, Union Gold ETF Fund of Fund: Subscription dates Both NFOs are now available for subscription. They opened on February 10, 2025. While the Union Gold ETF closes on February 17, 2025, the Union Gold ETF Fund of Fund closes on…

Read More

12

Feb

By The Press Editor

0 Comments

Business

What is this scheme and how much return you can get? – India TV

Image Source : PTI/INDIA TV Customers can also avail loans against the term deposit. SBI green rupee term deposit: The Reserve Bank of India (RBI) on April 11, 2023 issued a set of guidelines regarding the framework for acceptance of Green Deposits as part of mobilising funds for financing green activities. Following this, the State Bank of India (SBI) launched a new deposit scheme - SBI Green Rupee Term Deposit.  SBI green rupee term deposit: Tenor These deposits are offered for three durations - 1111 days, 1777 days and 2222 days.  SBI green rupee term deposit: Eligibility  Any resident of…

Read More

12

Feb

By The Press Editor

0 Comments

Business

Sensex, Nifty end lower for 6th day amid volatility – India TV

Image Source : PTI FILE The BSE Sensex had tanked more than 900 points intra-day. Stock markets ended the session lower for the sixth straight day on Wednesday amid unabated foreign fund outflows and trade war worries. While the 30-share BSE Sensex with Sensex falling by 122 points to close at 76,171.08, down by 122.52 points or 0.16 per cent, the NSE Nifty dipped 26.55 points or 0.12 per cent to 23,045.25. However, the BSE Sensex had tanked more than 900 points intra-day and NSE Nifty tumbled 273.45 points or 1.18 per cent to 22,798.35, falling below the crucial 23,000-mark.…

Read More

12

Feb

By The Press Editor

0 Comments

Business

India’s retail inflation drops to 4.31 per cent in January, lowest in four months – India TV

Image Source : FILE India's retail inflation sees a decline. In a significant relief for consumers, India's retail inflation eased to 4.31% in January which marked a sharp decline from 5.22% in December, according to government data released on Monday. The drop in inflation is primarily attributed to lower food prices and stable core inflation, offering a positive outlook for household budgets. This marks the lowest retail inflation rate in the past four months, bringing it closer to the Reserve Bank of India’s targeted comfort zone of 4%. The Consumer Price Index (CPI)-based retail inflation was 5.22 per cent in December, and…

Read More

12

Feb

By The Press Editor

0 Comments

Business

Adani Group partners with Mayo Clinic to set up hospitals and medical colleges in Gujarat: Details – India TV

Image Source : PTI Industrialist Gautam Adani's son Jeet Adani with a specially-abled couple during a function. Gautam Adani, chairman of Adani Group, has donated Rs 10,000 crore to various social causes, including building infrastructure in healthcare, education, and skill development. As part of this, the group will spend Rs 6,000 crore on setting up two 1,000-bed multi-speciality hospitals and medical colleges in Mumbai and Ahmedabad in partnership with Mayo Clinic. Calling the wedding of his younger son Jeet a special occasion, Gautam Adani said that it is an opportunity for his family to take forward such works. "We will…

Read More

12

Feb

By The Press Editor

0 Comments

Business

Delhi airport proposes varying fees: Air travel to be costlier for these passengers

Image Source : PIXABAY The Indira Gandhi International Airport (IGIA) is operated by DIAL. Some air travellers travelling to and from Delhi Airport could soon have to pay extra as Delhi International Airport Limited (DIAL) has proposed varying User Development Fee (UDF). According to the available information, the DIAL - the consortium led by GMR group - has proposed different user fees for economy and business class passengers of international flights as well as for peak and off-peak hours. The Indira Gandhi International Airport (IGIA) is operated by DIAL. Loss-making DIAL has proposed these changes in its tariff for the…

Read More

12

Feb

By The Press Editor

0 Comments

Business

IHCL to invest Rs 2.5k crore in Taj Bandstand hotel, employment opportunity for 7k people – India TV

Image Source : X/@CMOMAHARASHTRA The new Taj Bandstand will be developed by the Indian Hotels Company Limited (IHCL). Ratan Tata’s dream comes true: The Tata Group-run Indian Hotels Company, which owns and operates the Taj hotels, has announced an investment of Rs 2,500 crore to develop a new hotel 'Taj Bandstand' at Mumbai's Bandra. The hotel, which will be developed on a two-acre land, is opposite to landmark luxury hotel Taj Lands End. Ratan Tata’s dream project Maharashtra Chief Minister Devendra Fadnavis, who attended the 'bhumi pujan' ceremony of Taj Bandstand hotel, said that the project was very dear to…

Read More

12

Feb

By The Press Editor

0 Comments

Business

PSU defence stock HAL in focus as company expands production, eyes Rs 2.2 lakh crore order book by 2030 – India TV

Image Source : FILE HAL has secured two major contracts. PSU stock HAL: Shares of public sector undertaking Hindustan Aeronautics Limited (HAL) fell around 4.84 per cent in early trade on Wednesday i.e. February 12, 2025. The counter opened at Rs 3643.954 on the BSE against the previous close of Rs 3,648. However, it fell further amid selling pressure to touch the intraday low of Rs 3,471.25. Last seen, it was trading at Rs 3,478.15.  The 52-week high and low of the counter is Rs 5,675 and Rs 2,826 respectively. The stock has been losing for the last three days…

Read More

12

Feb

By The Press Editor

0 Comments

Business

India’s semiconductor dream gets boost as top firm to invest Rs 10,000 crore, Vaishnaw calls it milestone – India TV

Image Source : PTI/FILE Union Minister Ashwini Vaishnaw In a significant push to India's semiconductor ambitions, Lam Research, a US-based semiconductor services company, has announced a major investment of over Rs 10,000 crore in India. Union Minister Ashwini Vaishnaw revealed the development in an X post. He said on Tuesday that this move is a big vote of confidence in Prime Minister Narendra Modi's semiconductor vision. "One more milestone in our semiconductor journey: Lam Research announces major investment of over Rs 10,000 crore in India. Big vote of confidence in PM Modi's semiconductor vision," he posted on X. Lam Research to expand…

Read More

11

Feb

By The Press Editor

0 Comments

Business

Gold price sees nominal rise, silver rates down by Rs 100 today

Image Source : FILE PHOTO Representative Image The 24-carat gold prices saw a nominal increase of Rs 10 per 39 grams in the early trade on Monday. The price of precious yellow metal was trading at Rs 87,060 per 10 grams. Meanwhile, silver prices plunged by Rs 100 per kilogram. During the early trade session, silver was trading at Rs 99,400 per kg. The price of 24-carat gold has been stable with a minute rise of 0.02 per cent in the last seven days. However, in terms of its monetary difference, it stands at around Rs 1,750. Gold price in Delhi   In…

Read More