On November 29, 2024, both the BSE Sensex and Nifty 50 closed higher. The BSE Sensex closed at 79,802.79, up by 759.05 points or 0.96%. Similarly, the Nifty50 also closed at 24,131.10, up by 216.95 points or 0.91%. Sectoral Performance Nifty Pharma and Nifty Healthcare Index were the most gaining sectors with a rise of 2.35% and 2.04%, respectively. …
Mirae Asset Financial Group has successfully acquired Sharekhan in a landmark deal. This strategic move combines Mirae Asset’s global resources with Sharekhan’s well-established market presence, setting the stage for significant growth in India’s retail broking sector. A Strategic Step Forward The acquisition is part of Mirae Asset’s vision to cement its position in India’s retail …
In an unexpected move, the Reserve Bank of India (RBI) announced a 14-day Variable Rate Reverse Repo (VRRR) auction to withdraw Rs 25,000 crore of liquidity from the banking system. This decision comes as the banking sector grappled with a liquidity deficit earlier this week, driven by hefty Goods and Services Tax (GST) payments and …
The Employees’ Provident Fund Organisation (EPFO) plays a crucial role in managing provident fund accounts and claim processes for millions of employees in India. However, with a combined rejection and return ratio of 21.59% reported as of November 26, claimants often face hurdles during the process. Here’s an overview of why claims may be rejected …
Air India has launched a limited-period Black Friday Sale, promising significant discounts on domestic and international flight bookings. With offers extending to some of the most sought-after destinations globally, this sale is a golden opportunity for travellers to plan their journeys well in advance. Discounts on Domestic and International Flights Air India’s Black Friday Sale …
K Raheja Corp Group owns office properties in Mumbai, Pune, Hyderabad, and Chennai. The Securities and Exchange Board of India (Sebi) has initiated adjudication actions against K Raheja Investment Managers LLP for allegedly breaching REIT regulations. On August 24, 2023, a show-cause notice was sent to them, pointing out supposed inaccuracies in the calculation of …
As we approach the end of 2024, one significant development in the Indian stock market that investors should keep an eye on is the impending unlocking of 235 crore shares worth a staggering $14 billion by January 31, 2025. This event is poised to have a major impact on the stock prices of several companies, …
On December 4, 2024, both the BSE Sensex and NSE Nifty50 ended the day in green. The BSE Sensex closed at 80,956.33, up by 110.58 points or 0.14%. Similarly, the Nifty50 also closed at 24,467.45, up by 10.30 points or 0.04%. Sectoral Performance On Wednesday, Nifty FMCG, Nifty Auto and Nifty Oil & Gas ended in the …
The Employees’ Provident Fund Organisation (EPFO) plays a vital role in securing the financial future of millions of Indians. Managing a colossal corpus of ₹24.75 lakh crore as of March 2024, EPFO invests in both debt and equity instruments following the guidelines set by the Department of Financial Services, Ministry of Finance, and the Central …
The Indian stock market will have only one holiday in December 2024, which will be observed on 25th December for Christmas. Apart from this, trading will remain suspended on weekends — Saturdays (7th, 14th, 21st, and 28th) and Sundays (1st, 8th, 15th, 22nd, and 29th). Therefore, the stock market will be closed in December for …
