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
The Dearness Allowance (DA) for Central Government employees has crossed 50%, resulting in an increase in gratuity for employees retiring on or after January 1, 2024. The maximum gratuity amount has been raised to ₹25 lakh, up from ₹20 lakh. Central Government employees receive this gratuity tax-free, while private sector employees have a tax-free gratuity … Read more
With rising inflation, the prices of petrol, diesel, and CNG are soaring, making electric vehicles (EVs) an attractive alternative. EVs are becoming more popular as they cost less to operate, and their demand is increasing, especially in villages and cities. This trend has led to the growth of electric vehicle charging stations, making it a … Read more
IDBI Bank has introduced a new Fixed Deposit (FD) scheme called “Chinrajevi Super Senior Citizen FD Scheme” on January 13. This scheme is designed for citizens aged 80 years and above. The bank offers four different tenure options under this scheme, with the highest interest rate at 8.05%. The interest rates are applicable only for … Read more
Quadrant Future Tek, a company enhancing the security systems for Indian Railways, had an impressive debut on the stock exchange. The IPO, with an issue price of ₹290 per share, got listed at ₹374, marking a 30.71% increase. Investors who secured allotment in the IPO earned a profit of ₹84 per share. On the Bombay … Read more
DSP Mutual Fund has launched a New Fund Offer (NFO) for the DSP BSE Sensex Next 30 Index Fund. This open-ended scheme tracks the BSE Sensex Next 30 Index, which includes companies with large market caps that are not part of the BSE Sensex but show growth potential. The NFO is open for subscription from … Read more
Last Friday, while the Indian stock market was experiencing a selling phase, some penny stocks saw significant demand. One such stock was Shri Chakra Cement. Despite the broader market downturn, the share price of Shri Chakra Cement surged by 20%, climbing from its previous close of ₹4 to ₹4.80 during trading. This marks its 52-week … Read more
Delta Autocorp’s IPO has received an overwhelming response, with subscriptions surpassing expectations. Investors placed over 342 times the available bids on the company’s public issue. Additionally, Delta Autocorp’s shares are performing exceptionally well in the gray market, trading at a premium of over 95%. This indicates a strong potential for a successful stock market listing. … Read more