The Reserve Bank of India (RBI) has issued a new rule for all banks that handle pension payments for retired central and state government employees. According to the directive, if there is any delay in paying the pension, the bank must pay interest at 8% per year for the delayed period. This rule is meant … Read more
Investors in Infonative Solutions’ IPO faced a setback when the company’s shares got listed on the BSE SME platform. Despite strong demand—over 4 times subscription—the shares were issued at ₹79 but listed at just ₹63.20. This means investors faced an immediate 20% loss on listing day. The situation worsened as the stock hit the lower … Read more
If you’re looking to start a business with a small investment, we have a great idea for you — a Poha manufacturing unit. Poha is a popular breakfast item that many people eat daily. It’s loved by all and is in demand throughout the year, whether it’s summer or winter. Poha is known for being … Read more
Finance Minister Nirmala Sitharaman announced the removal of charges for updating nominee details in Public Provident Fund (PPF) accounts. She shared this update on Twitter, stating that financial institutions were previously charging fees for modifying nominee details, but this will no longer be allowed. A Gazette Notification (2/4/25) will amend the Government Savings Promotion General … Read more
The stock market is experiencing a lot of ups and downs. Today, the Sensex dropped by 478.41 points to 76,139.03, while the Nifty slipped by 117.70 points to 23,214.65 in early trading. If you’re looking for a stock that has the potential to give high returns, this news could be useful for you. Market analysts … Read more
Penny stock KBC Global is set to attract attention this week. The company has fixed April 4 as the new record date for issuing bonus shares in a 1:1 ratio. Initially, the record date was set for March 28 but was later revised. The board of KBC Global approved this bonus share allocation in a … Read more
The central government has approved the appointment of Poonam Gupta, Director General of the National Council of Applied Economic Research (NCAER), as the Deputy Governor of the Reserve Bank of India (RBI) for three years. This position became vacant after Michael Debabrata Patra stepped down in January. Appointment Details According to sources, the Appointments Committee … Read more
If you have an Amazon Pay ICICI Bank credit card and want free airport lounge access, here’s some good news! ICICI Bank has introduced a special promotional offer for its customers. By spending Rs 75,000 between March 26, 2025, and June 25, 2025, you can enjoy free access to domestic airport lounges from July 1, … Read more
Post office savings accounts offer an additional tax exemption, making them more beneficial compared to bank savings accounts. This extra exemption applies to the interest earned on the savings account. Let’s understand the income tax rules in detail. Tax Deduction on Savings Account Interest Under Section 80TTA of the Income Tax Act, 1961, taxpayers can … Read more
If you live in a rented house and claim tax exemption, you need to be cautious. If your monthly rent exceeds Rs 50,000 and you have not deducted TDS (Tax Deducted at Source), you might receive a notice from the Income Tax Department. This rule is not meant to create trouble but to make taxpayers … Read more
Like March, the primary market in April is expected to remain slow. So far, there is no news of any mainboard IPOs opening this month. However, in the SME segment, three companies have their IPOs closing this week. Investors still have a chance to invest in these offerings. Below is a brief overview of these … Read more