The National Pension System (NPS), regulated by the Pension Fund Regulatory and Development Authority (PFRDA), is open to Indian citizens aged 18 to 70 years. This includes resident Indians, Non-Resident Indians (NRIs), and Overseas Citizen of India (OCI) cardholders under specific conditions. The scheme enables long-term retirement savings through systematic contributions and tax-efficient returns. New …
India’s exports of goods and services reached an unprecedented $824.9 billion in the fiscal year 2024-25, according to data released by the Commerce Ministry. This milestone was primarily driven by a significant rise in services exports, even as global trade faced challenges. The revised figures follow the Reserve Bank of India’s (RBI) release of the …
SEBI Chairperson Tuhin Kanta Pandey has ruled out the introduction of any aptitude test for retail investors entering the Futures and Options (F&O) market, as per the news reports. He said such a requirement would be difficult to implement and could amount to regulatory overreach. Background: 90% of Retail F&O Traders Reported Losses In November …
According to the Financial Express Report, the Ministry of Finance has imposed a 20% export duty on parboiled rice and certain milled rice varieties. The decision is applicable from May 1, 2025. According to the government circular, the duty applies to parboiled rice (including both GI-tagged and other types) and rice classified as “Other Rice” …
Tesla has denied claims that its board is searching for a replacement for CEO Elon Musk. A report by The Wall Street Journal stated that board members had approached executive search firms in March to discuss potential successors. In response, Tesla Chair Robyn Denholm released a statement on X, calling the report “absolutely false” and …
The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing that select existing shareholders must hold shares in dematerialised form before a company files its draft offer document for an Initial Public Offering (IPO). This proposal is an expansion of the current regulatory requirements under SEBI’s Issue of Capital and Disclosure …
Indian equities may open on a subdued note, following mixed global cues and the latest domestic data. As of 8:15 AM, GIFT Nifty suggested a neutral to mildly positive bias for the day. On April 30, the Nifty 50 ended marginally lower by 1.75 points (-0.01%) at 24,334.20, while the BSE Sensex dropped 46.14 points …
On May 1, 2025, Banks and India’s leading stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), will be closed in observance of the Maharashtra Day, with all trading activities suspended for the day. Is the Stock Market Open Today? According to the official holiday calendar of the NSE and BSE, …
Indian benchmark indices ended on a mixed note on Tuesday, April 30, 2025, after showing modest gains the previous day. While the broader market maintained its resilience on April 29 amid sustained buying interest and global cues, the momentum slightly cooled off in today’s session. The BSE Sensex dipped 46.14 points (0.057%) to close at …
In a major shift amid an intensified crackdown on illegal migrants, Delhi Police, acting on directives from the Centre, has ruled that Aadhaar cards, PAN cards, and ration cards will no longer be accepted as valid proof of Indian citizenship. Instead, only voter ID cards or Indian passports will be accepted during verification drives targeting …
