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 …
As December 2024 begins, it’s important to know the upcoming bank holidays, which include national, regional, and festive days. Banks across India will observe several holidays this month, including weekends, so it’s essential for customers to plan ahead. Key Holidays and Weekends in December In December 2024, there are 17 bank holidays, including weekends. Banks …
On December 3, 2024, both the BSE Sensex and NSE Nifty50 ended the day in green. The BSE Sensex closed at 80,845.75, up by 597.67 points or 0.74%. Similarly, the Nifty50 also closed at 24,457.15, up by 181.10 points or 0.75%. Sectoral Performance On Tuesday, Nifty FMCG and Nifty Pharma ended in the red. Nifty PSU Bank, …
