Ahead of Diwali, the Central Government has announced an additional pension benefit for senior pensioners. Pensioners aged 80 and above will receive an extra amount, known as a compassionate allowance, as per a circular from the Ministry of Personnel, Public Grievances, and Pensions. To make the process easier, the Ministry has issued updated guidelines for … Read more
Wari Energies’ IPO has received a fantastic response from investors. The company’s shares are also gaining attention in the grey market, trading at a premium of about 100%. This high grey market premium (GMP) suggests that Wari Energies’ shares might start strongly in the stock market. The shares are set to be listed on the … Read more
As digital payments become more common in India, people’s investing habits are also shifting online. To cater to this trend, the digital payment platform Mobikwik has announced a new fixed deposit (FD) option with higher interest rates just in time for Diwali. Mobikwik’s New Fixed Deposit Offering Mobikwik, a startup planning to launch its initial … Read more
Pensioners no longer need to visit the Collectorate Treasury to submit their life certificates. They can now upload their certificates online from the comfort of their homes. Once submitted, the certificates will be verified, and the pension will continue to be deposited into their accounts regularly. it will be verified, and their pension will continue … Read more
Investing in gold during Diwali and Dhanteras is considered a lucky tradition. There are various ways to invest in gold, such as physical gold, digital gold, or Gold ETFs (Exchange-Traded Funds). In line with the festive season, Zerodha Fund House has introduced a new Gold ETF Fund of Funds, which invests in Gold ETFs. The … Read more
The IPO allotment status for Waaree Energies is expected to be announced today. Waaree Energies, the largest solar panel manufacturing company in India, completed its three-day IPO on Wednesday, 23 October. The company, founded in 1990, received a strong response from institutional investors, with the IPO being subscribed 76.34 times by the final day. The … Read more
Anil Ambani’s company, Reliance Power, saw its stock price rise by the maximum limit of 5% today. The shares reached an intraday high of Rs 40.45. However, over the past five days, the stock has dropped by 7%. Despite this recent decline, the stock has increased by 150% over the past year. On October 23 … Read more
On Tuesday, Hyundai Motor India Ltd (HMIL), the Indian unit of the South Korean automaker, had a rough start in the stock market. The company’s shares were listed at Rs 1,931, showing a small premium of 1.47% over the issue price of Rs 1,960. However, the stock dropped by 7% during trading. The next day, … Read more
The government has introduced new guidelines for central government employees under the National Pension System (NPS) who wish to take voluntary retirement. According to the Department of Pension and Pensioners Welfare (DoP&PW), employees who have completed 20 years of regular service can apply for voluntary retirement by giving a three-month notice to the appointing authority. … Read more
Big news for mutual fund investors! The Securities and Exchange Board of India (SEBI) has announced that insider trading rules for mutual fund units will take effect on November 1, 2024. These rules were first decided in November 2022, but their implementation was delayed to allow the industry to prepare. Key Changes Under the New … Read more
Shares of Grovy India Ltd, a small-cap multibagger stock, are attracting attention today. The company has set October 22 as the original record date for its 3:1 bonus share issue. However, this date has now been changed to October 23. Today, Grovy India’s stock has hit a lower circuit limit of 5%, trading at an … Read more