Diwali Bank Holiday 2024: As per the RBI bank holiday calendar, the banks are closed on Sundays and the second and fourth Saturdays of the month in addition to holidays.
Serene Productions, led by Adar Poonawalla, has partnered with Karan Johar’s Dharma Productions, investing over Rs 1,000 crore for a 50% stake.
Goods and Services Tax is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Under GST, essential items are either exempted or taxed at the lowest slab, while luxury and demerit items attract the highest slab. Luxury and some goods attract cess on top of the highest 28 per cent
Home loans are financial products that allow individuals to borrow money from banks or financial institutions to purchase, construct, or renovate a residential property.
In the previous reporting week, the reserves had dropped by USD 3.709 billion to USD 701.176 billion, as per the RBI data.
Infosys shares fell 4.5% despite upgraded FY25 guidance. The stock drop followed the company’s Q2 financial report, which failed to meet investor expectations, resulting in a market value loss of Rs 31,327.94 crore. Here’s what led to the decline.
Apart from the Centre, various states have also hiked 3% DA and DR for state employees. Take a look at how many states have announced DA hikes for their employees ahead of Diwali.
Key sectors, including IT, banking, and energy, contributed to the market’s upward trend. Major stocks like Infosys, Reliance Industries, and HDFC Bank were among the top gainers.
Notably, before choosing a lifetime free credit card, carefully consider your needs, reward points and habits. After this, select the card.
The Lokayukta police registered a case on September 27 against Siddaramaiah, his wife Parvathi B M, and brother-in-law Mallikarjuna Swamy in connection with the case.
Government has increased the MSP of Rabi Crops to ensure remunerative prices to the growers for their produce. The absolute highest increase in MSP has been announced for Rapeseed & Mustard at Rs 300 per quintal followed by Lentil (Masur) at Rs 275 per quintal.
The Union Cabinet has approved a 3% hike in Dearness Allowance (DA) for central government employees and pensioners, raising it from 42% to 45%, effective from July 1, 2024, just in time for Diwali.
Hyundai Motor India IPO Day 2 sees a 22% subscription, with retail investors showing strong interest. The price band is set between Rs 1865 and Rs 1960, and the grey market premium stands at Rs 65.
The Sensex dropped 240 points while the Nifty slipped below 25,000 in early trade, driven by global economic uncertainties and weakness in banking, IT, and energy sectors.
India’s retail inflation surged to 5.49% in September 2024, driven by food prices, casting doubt on the RBI’s December rate cut plans.
In early trade on Friday, the BSE Sensex surged 327 points to 82,300.44, while the NSE Nifty gained 84 points to reach 25,212.05. Major sectors, including banking and IT, contributed to the market rally, driven by positive global and domestic cues.
Gold of 99.5 per cent purity climbed by Rs 600 to reclaim its all-time high level of Rs 78,300 per 10 grams. The metal had finished at Rs 78,100 per 10 grams.
As inflation rates fluctuate, analysts are likely to closely monitor future trends and the potential need for adjustments in monetary policy by the Reserve Bank of India.
Fixed Deposits (FDs) have consistently been a go-to investment for individuals who prioritise stability and low risk, as opposed to market-linked investments like mutual funds and stocks.
Ladki Bahin Yojana: This program has been initiated by the Maharashtra government to support women and as part of this initiative, the beneficiaries throughout the state receive financial aid from the government.
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