The Securities and Exchange Board of India (SEBI) has introduced significant changes to the nomination rules for mutual funds and demat accounts to reduce unclaimed assets and improve the management of investments, particularly in cases of illness or the death of an investor. Updated Mutual Fund Nomination Rules (Effective March 1, 2025) SEBI now allows …
The Indian stock markets will remain open on Makar Sankranti, January 14, as it is not a recognised holiday, with trading continuing as normal. Meanwhile, the RBI has declared a bank holiday in some cities on the same day. According to the official holiday calendar released by the National Stock Exchange (NSE) of India, Makar Sankranti will …
Foreign Portfolio Investors (FPIs) have pulled out ₹22,194 crore from Indian equities as of January 10, 2025. This follows a net inflow of ₹15,446 crore in December 2024, indicating a sharp reversal in investor sentiment. Key Reasons for FPI Withdrawal The significant sell-off by FPIs is driven by several global and domestic factors, including: Weak …
The bank holidays in January 2025 are out. Many people are curious to know if banks will remain closed during the festivals of Lohri (January 13) and Makar Sankranti (January 14). Here’s what you need to know. Are Lohri and Makar Sankranti Bank Holidays? Lohri (January 13) Banks will remain open on Lohri. It is …
The BSE Sensex plunged by 1,031.65 points (1.35%) on Monday, closing at 76,347.26. The 30-share index fluctuated between a high of 77,128.35 and a low of 76,249.72 during the session. The NSE Nifty50 also ended the day lower, shedding 345.55 points (1.47%) to settle at 23,085.95. The index reached a high of 23,340.95 and a …
India-born fintech startup Razorpay, which is currently incorporated in the US, has announced plans to reverse-flip its parent entity back to India in the next six months. Co-founder and CEO Harshil Mathur shared that the company is awaiting the necessary approvals for the process, which could take anywhere between 3 to 6 months. Following the …
The Nifty Bank index experienced a notable decline of 0.99% on January 13, 2025, shedding 479 points by 12:47 PM. This marks the 4th consecutive session of losses, amounting to a total fall of 3.93% over the past trading days. In comparison, the Nifty50 index performed relatively better during the same period. Advances vs Declines: …
The NSE benchmark Nifty50 index started on a lower note on January 13, 2025, slipping below the critical 23,200 mark during intraday trading. While it managed to recover marginally from the intraday lows, trading above 23,200, the index remained down by 207 points or 0.88% as of 11:53 am. Market Breadth: Declines Dominate The market …
India’s renewable energy sector achieved a historic milestone in 2024 with a record capacity addition of approximately 30 GW. This represents a 113% increase from the 13.75 GW added in 2023, as per data from the Ministry of New & Renewable Energy. The achievement highlights the nation’s accelerating efforts to transition to clean energy and …
Leah and Maya Tata, the daughters of Tata Trusts Chairman Noel Tata, have been inducted onto the board of trustees of the Sir Ratan Tata Industrial Institute (SRTII), a key subset of Sir Ratan Tata Trust. The trust is one of the two principal shareholders of Tata Sons, the holding company of the Tata Group. …
