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
It’s common for homebuyers to face problems with the flats they purchase. Builders often use poor-quality materials, resulting in issues like falling cement or dampness in the house. Even after taking possession, homebuyers have the right to complain about these issues. Builders can be made to pay compensation for the poor quality of the property. … Read more
The Government of India is introducing a new scheme that will provide cashless treatment to road accident victims across the country. Union Road Transport Minister Nitin Gadkari shared the details of this scheme. According to Gadkari, if the police are informed within 24 hours of an accident, the victim will receive free treatment for up … Read more
Yuvraaj Hygiene Products has been a notable name in the penny stock category, especially since the beginning of 2024. The stock has delivered significant returns to long-term investors and continues to remain in the spotlight. This year, it has consistently hit the upper circuit in all seven trading sessions, showing a 25% increase during this … Read more
Bandhan Mutual Fund has introduced a new index fund called the Bandhan Nifty Alpha Low Volatility 30 Index Fund. This open-ended scheme aims to provide alpha returns with low volatility. Investors can start investing with just Rs 1,000. The subscription for this fund is open from January 8, 2025, and will close on January 20, … Read more