Business

18

Feb

By The Press Editor

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Business

SBI JanNivesh SIP at just Rs 250: Know key benefits, how to start and other details

SBI JanNivesh SIP: The facility will be easily accessible as it is available on the SBI YONO platform and other fintech platforms. SBI JanNivesh SIP: There is some good news for small savers as asset management company SBI Mutual Fund, in collaboration with State Bank of India, has launched JanNivesh SIP - a systematic investment plan aimed at democratising access to the product. According to the company, the SIP has been designed keeping in mind first-time investors and small savers from rural, semi-urban and urban regions. "JanNivesh SIP is a pivotal step towards democratizing wealth creation and promoting financial inclusion…

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18

Feb

By The Press Editor

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Business

Quality Power IPO ends today – Check latest GMP, subscription status and key details

Quality Power IPO subscription status: The category for Qualified Institutional Buyers (QIBs) received 91 per cent subscription. Quality Power IPO subscription status: The initial public offering of Quality Power Electrical Equipments Ltd got fully subscribed on the third day of the bidding. The three-day bidding process started on February 14, 2025. According to NSE data, the initial share sale got bids for 1,28,63,214 shares against 1,11,12,530 shares on offer.  The quota for non-institutional investors garnered 1.33 times subscription while the Retail Individual Investors (RIIs) part got subscribed 1.64 times. The category for Qualified Institutional Buyers (QIBs) received 91 per cent…

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18

Feb

By The Press Editor

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Business

Air India Express to connect Kolkata with Hindon in Ghaziabad: Check first flight date, other details

With the introduction of the Kolkata-Hindon flight, Air India Express will now operate from two airports in the National Capital Region (NCR) – Indira Gandhi International Airport in Delhi and Hindon Airport in Ghaziabad. Air India Express, a subsidiary of Air India and part of the Tata Group, is set to launch direct flights connecting Kolkata with Hindon Airport in Ghaziabad starting from March 1, an airline spokesperson announced on Tuesday. The Kolkata-Hindon flight will operate daily, while the Hindon-Kolkata route will run six days a week, excluding Saturdays. This new service aims to enhance connectivity and provide a convenient…

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18

Feb

By The Press Editor

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Business

Sugar prices increase by 6.5% in one month, likely to rise further as production continues to fall

According to trade data, ex-mill sugar prices in Maharashtra for the S-30 grade have increased to Rs 3,790 per quintal as of February 17. This marks an increase from Rs 3,565 per quintal a month ago and Rs 3,380 per quintal two months ago. After cooking oils, sugar prices have gone up by 6.5% in a month and are likely to rise further as domestic production is set to fall below expectations. Reports suggest that a drop in sugar output, due to adverse weather and the reopening of sugar exports after two years, has led to a supply shortage, pushing…

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18

Feb

By The Press Editor

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Business

Will US’ reciprocal tariffs have a significant impact on India? Here’s what SBI report says

While US tariffs on Indian goods have remained relatively stable over the years, India's tariff policies have been more dynamic. The impact of the United States’ tariff reciprocity on Indian exports is expected to be minimal, according to a report by the State Bank of India. The report, prepared by SBI’s Economic Research Department, estimated that the additional tariffs — ranging from 15 to 20 per cent — would limit the overall decline in Indian exports to the US by only 3 to 3.5 per cent.  It said, "Our estimates show overall incremental tariff levels even at 15-20 per cent…

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18

Feb

By The Press Editor

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Business

Bank holiday tomorrow for Chhatrapati Shivaji Maharaj Jayanti: Banks to remain shut in these cities, check list

Bank holiday tomorrow: As per the RBI bank holiday list, banks are closed only in Maharashtra on the birth anniversary of Chhatrapati Shivaji Maharaj. However, banks will remain open in other states. Attention bank customers. Banks will be closed in Maharashtra on the birth anniversary of Chhatrapati Shivaji Maharaj. However, banks across all other cities in India will however as per normal working days. Are banks closed in your state on Feb 19? As per the RBI bank holiday list, banks are closed only in Maharashtra on the birth anniversary of Chhatrapati Shivaji Maharaj. However, banks will remain open…

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18

Feb

By The Press Editor

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Business

Market Closing Bell: Nifty ends below 22,950 – Check details

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,937.83 crore on Monday, according to exchange data. Market Closing Bell: Benchmark indices Sensex and Nifty ended today's session in the red. The markets resumed the downward trend a day after a mild recovery. The downfall comes amid uninterrupted foreign fund outflows and a slowdown in corporate earnings that continued to hit investors' sentiment. The 30-share BSE benchmark Sensex ended 29.47 points or 0.04 per cent lower at 75,967.39. Intra-day, it dropped 465.85 points or 0.61 per cent to 75,531.01. The NSE Nifty dipped 14.20 points or 0.06 per cent to settle…

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18

Feb

By The Press Editor

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Business

Rise of ETFs in India: Are we ready for a passive investing revolution?

Leaving aside Gold ETFs which were already popular in early 2010s, equity/debt passive ETFs/index fund folios have risen astronomically from 20 Lakhs in December 2019 to nearly 3.11 crore in December 2024. The popularity of ETFs (exchange-traded funds) in India continues to gain momentum among retail and institutional investors. Their low-cost structure, diversification benefits, and ease of trading make them attractive, especially as active funds struggle to consistently beat benchmarks. But are investors in India ready for passively managed funds? Here's what experts say. What are ETFs? Before we look into it, let us tell you what exactly ETFs…

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18

Feb

By The Press Editor

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Business

Open savings account online: This bank allows customers to open account with Aadhaar OTP – Details

Open savings account online: Customers can upgrade their accounts within a year through face-to-face KYC. Open savings account online: With the surge of digitalisation, almost everything is now available at your fingertips. From transferring money to applying for a loan, almost everything can be done from the comfort of home. Moreover, you can even open a savings account online. Indian Overseas Bank (IO)B has announced an IOB Insta Digital Savings Account scheme under which the account can be opened online with just an Aadhaar OTP. Open savings account online: Eligibility for opening IOB Insta Digital Savings Account Anyone with a…

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18

Feb

By The Press Editor

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Business

ABB India shares gain over 5 per cent as company’s net profit jumps 54 per cent

ABB India share price today: The counter has given a multibagger return of 156.61 per cent in three years. Dividend Stock: Shares of electrification and automation major ABB India surged over 5 per cent on Tuesday i.e. February 18, 2025. The counter opened a gap up at Rs 5,470 and gained further to touch the intra-day high of Rs 5,511 on the BSE. This is a gain of 5.14 per cent against the previous close of Rs 5,241.20. Last seen, the stock held firmly in green and was trading at Rs 5,400. ABB India Dividend  ABB India, a constituent of…

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