Markets witnessed a sharp sell-off and lost nearly 5% as escalating tensions between Russia and Ukraine spooked sentiments. Investors chose to move out of risky assets and preferred haven like gold in the Russian Stock Market. The Nifty index declined steadily to close at 16,247, near its low for the day. All sectoral and broader … Read more
Next month, the Central Board of Trustees of the EPF Interest Rate will meet to decide on the interest rate on deposits in the employee provident fund for the next two years. The National Pension System (NPS) contribution given by their employer, the state government, will be eligible for a 14 percent tax deduction beginning … Read more
“Serious supervisory concerns” have been raised about RBI Bans Paytm Payments Bank. The lender has been ordered to thoroughly examine its information technology system and suspend onboarding new clients immediately. In a decision published today, the Reserve Bank of India said that the Paytm Payments bank would be prohibited from attracting new clients. It will … Read more
Through a buyback of 18.000 crores, TCS Share Buyback Offer are scheduled to take effect on February 22. Shares can be purchased before today’s deadline, so those interested in participating must buy before then. March 23 is the record date set by the company. On January 12, TCS’ board of directors approved the tender offer … Read more
The submission of e-Way Bills on the common GST portal facilitates the transportation of goods from one place to another. Additionally, at its 35th meeting, the GST Council had resolved to implement an e-Invoicing system to apply to certain categories of persons. GST portal invoices do not have to be generated through e-invoice. No such … Read more
The State Bank of India has put in place various government programs to provide financial assistance to borrowers in need. The SBI E Mudra Loan Department has several programs aimed at both emerging and established businesses. The Pradhan Mantri Mudra Yojana (PMMY) is one such scheme operated by SBI. SBI E Mudra Loan Pradhan Mantri … Read more
Adani Wilmar’s IPO (Initial Public Offering) opens for subscription on January 27, 2023, and will remain open for bidding until January 31, 2023. The Adani Wilmar IPO price range has been set at 218 to 230 per equity share, with the business aiming to raise 3600 crores via this book-built issuance. Adani Wilmar IPO Adani … Read more
The IPO date for Manyavar will be on February 4, 2023. The pricing range for the Manyavar IPO is INR 824–866 per share. Existing shareholders seek to sell 36,364,838 shares via an Offer For Sale, but no new shares will be issued (OFS). Manyavar IPO The IPO dates for Vedant Fashions, a Kolkata-based company owned … Read more
On Friday, the penultimate day of the bidding process, AGS Transact Technologies IPO 680-crore initial public offering (IPO) held interest more than eight times, indicating strong investor interest. On January 19, the general subscription period for the offering, which had a price range of 166-175 per share, began and ended on January 21. AGS Transact … Read more
The Union Budget 2023 by Finance Minister Nirmala Sitharaman in New Delhi on February 1, 2023. The Union Budget will be carried live on Lok Sabha TV (which will be picked up by other news stations) and on social media platforms like Twitter and Youtube. Union Budget 2023 On February 1, 2023, at 11 a.m., … Read more