Kabra Jewels had an excellent debut in the NSE SME segment, listing at a 90% premium at ₹243.20. After the impressive listing, the company’s shares hit a 5% upper circuit, raising the price to ₹255.35. The price band for the IPO was set between ₹121 and ₹128 per share. Kabra Jewels IPO opened for subscription … Read more
The rules for Tax Deduction at Source (TDS) on pension for the financial year 2024-25 and assessment year 2025-26 came into effect on April 1, 2024. These changes aim to simplify the tax system and provide more benefits to pensioners. The updates include a higher standard deduction limit and increased exemptions on family pension. What … Read more
Baroda BNP Paribas Mutual Fund has introduced its new scheme, the Baroda BNP Paribas Energy Opportunities Fund, which will be open for subscription from 21 January 2025 to 4 February 2025. This fund aims to give investors the opportunity to benefit from the growing energy sector in India. The scheme will be benchmarked to the … Read more
The market has shown a strong rally in the first trading session of the week. Although it started slowly, Nifty is now trading above 23,350, with a gain of 150 points. Axis Securities has highlighted that the 23,000 level is crucial for the market. If it holds, there is a strong chance of a trend … Read more
Vodafone Idea Limited’s stock experienced a significant jump on Monday, rising by 15% to reach an intraday high of ₹10.48 compared to its previous closing price of ₹9.12. The sudden increase in share value is linked to reports that the central government is considering a partial waiver of Adjusted Gross Revenue (AGR) dues. This relief … Read more
In the week starting from January 20, investors will have the opportunity to participate in 5 new Initial Public Offerings (IPOs). Among these, only one, Denta Water IPO, is from the mainboard segment. Additionally, 3 IPOs will continue to be open from the previous week, including the Stallion India IPO from the mainboard segment. This … Read more
Richfield Financial Services Limited has announced that it will be giving 1 bonus share for every share held by eligible investors. The record date for this bonus issue is set for Friday, 14th February. This means only those whose names appear in the company’s record books on that day will receive the bonus shares. Notably, … Read more
The eagerly awaited 8th Pay Commission has been officially approved by the Union Cabinet in a meeting held at Prime Minister Narendra Modi’s residence. This decision is set to benefit approximately 49.18 lakh central government employees and 64.89 lakh pensioners. Additionally, some state governments, like the Delhi government, often adopt the recommendations of the Central … Read more
The Securities and Exchange Board of India (SEBI) has introduced new rules regarding nominations for mutual funds and demat accounts. Starting from March 1, 2025, an investor can nominate up to 10 people in their demat account or mutual fund folio. This change is part of SEBI’s efforts to improve asset management and reduce unclaimed … Read more
If you often travel on highways, you might be familiar with the long queues at toll booths. Now, Union Minister Nitin Gadkari has announced that the government is considering issuing monthly and annual passes for private vehicles to replace traditional toll collection on national highways. Currently, private vehicles contribute only 26% to the total toll … Read more
The IPO of Stallion India Fluorochemicals, a supplier of refrigerants, opened for subscription on January 16. Within just a few hours, the issue was fully subscribed. As per data from the Bombay Stock Exchange (BSE), the IPO was 85% subscribed by 10:33 am on its first day. Subscription Details Retail investors have shown strong interest, … Read more