Mansa Samachar

Should people who repay loans early be exempted from charges? RBI preparing to bring new rules

The new draft guidelines released by the RBI are very important for borrowers. According to these guidelines, it is proposed to remove foreclosure fees and prepayment penalties on loans with floating interest rates. These rules will be applicable to all banks and NBFCs (non-banking finance companies). What is a floating rate loan? A floating rate loan is a loan in which the interest rate changes from time to time. This interest rate is based on norms such as RBI's repo rate or MCLR (Marginal Cost of Funds Based Lending Rate). In a fixed rate loan, the interest rate remains the same throughout the tenure of the loan, while in a floating rate loan, the interest rate keeps changing. Key details of the new rules: 1. Waiver of foreclosure fees and prepayment penalties: If you have taken a floating rate loan, you will not have to pay any foreclosure fees or prepayment penalties for repaying the loan early or closing the loan. This rule will be applicable to personal loans and floating rate business loans given to small businesses (MSEs). 2. Charges on business loans: However, these charges will be applicable on business loans. But no charges will be levied on floating rate business loans given to small businesses (MSEs). 3. Cooperative banks and NBFCs: Some cooperative banks and NBFCs have been exempted from these rules. 4. No time limit: As per these rules, there will be no minimum time limit for repaying the loan. Banks or financial institutions will provide the facility to borrowers to repay the loan early. 5. Information on charges: All charges will be communicated to the borrowers in advance by the banks. If any fee has not been declared earlier, it will not be levied later. Comments sought: The RBI has sought comments from the general public on these rules till March 21, 2025. These rules, once finalized, will be applicable to all banks and NBFCs. Summary: - Foreclosure fees and prepayment penalties will be removed from floating rate loans. - No charges will be levied on floating rate business loans given to small businesses (MSEs). - Banks and financial institutions will inform the borrowers of all charges in advance. These rules are very beneficial for the borrowers and will provide them with more convenience and clarity in repaying the loan.

Article published | Sat | 22 Feb 2025 | 6:49 PM

Sensex falls 424 points to close at 75,311: Nifty also falls 117 points, auto sector sees highest selling

Today, the last trading day of the week, February 21, the Sensex closed at 75,311 with a decline of 424 points. The Nifty also closed at 22,795, up 117 points.

Of the 30 Sensex stocks, 22 fell and 8 gained. Of the 50 Nifty stocks, 37 fell and 13 gained. The auto sector of the NSE sectoral index was the biggest loser, down 2.58%.

Mixed trade in Asian markets

In Asian markets, Korea's KOSPI fell 0.0053%. Hong Kong's Hang Seng fell 2.96% and China's Shanghai Composite Index rose 0.77%. On February 20, foreign investors (FIIs) sold shares worth Rs 3,311.55 crore. Meanwhile, domestic investors (DIIs) also bought shares worth Rs 3,907.64 crore. On February 19, the US Dow Jones closed at 44,176, down 1.01%. The S&P 500 index fell 0.43% to close at 6,117. The Nasdaq fell 0.47%. Yesterday, the market closed lower Yesterday, i.e. on February 20, the Sensex closed at 75,735, down 203 points. The Nifty also closed at 22,913, down 19 points. Similarly, the BSE Smallcap closed at 46,054, up 599 points.

Out of 30 Sensex stocks, 15 stocks declined and 15 stocks advanced. Out of 50 Nifty stocks, 22 stocks declined and 28 stocks advanced. Banking, IT, pharma and FMCG sectors closed with losses in the NSE sectoral index.

Article published | Fri | 21 Feb 2025 | 9:45 PM

Trump's 25% tariff move will damage the health of India's pharma industry

New US tariffs: Trump's announcement could hit Indian pharmaceutical industry

In an interview with a leading TV channel on Tuesday, US President Donald Trump announced an initial 25% duty on pharmaceutical and semiconductor imports, which he said would be increased in phases. Trump's sharp statement has raised concerns in many countries around the world, especially India, where the pharmaceutical industry is emerging as an important export sector.

More than 38% of the total exports of medicines by the Indian pharmaceutical industry are made in the US. Many of the country's major pharma companies, such as Sun Pharma, Zydus, Dr. Reddy's, Cipla, Lupin, Torrent Pharma, Gland Pharma, Alembic Ltd, Alchem ​​Ltd, JB Pharma Chemicals, Syngen Inter, Aurobindo Pharma and others earn significant revenue from the export of their medicines.

In the financial year 2024, India's pharma exports to the US were worth $8.70 billion, accounting for 31% of the total exports of the Indian pharma industry. But now, with the tariffs being imposed by Trump, the Indian pharmaceutical industry could be seriously affected. According to Trump's statement, if the US imposes a 25% reciprocal duty on pharmaceutical imports, this duty will have the greatest impact on exporters of Indian generic drugs, as they provide a cheaper alternative to expensive drugs in the US market.

According to an estimate, India filled 50% of the generic prescriptions written in the US in 2022, saving the US healthcare system $408 billion. This makes the new tariffs a major concern for Indian generic drug exporters.

In this context, Trump said, "I am the president of the United States and I will take strong action in the security and trade policy of the country." This statement highlights the increasing pressure of tariffs on the international market and the potential for changes in the global trade structure, which could pose an economic challenge for India's pharmaceutical industry.

Article published | Thu | 20 Feb 2025 | 9:41 PM

Crude oil imports from the US surge ahead of tariff war

New twist in India-US trade relations: Huge increase in crude oil imports

New Delhi: To address the new challenges in Indian trade policy, the government has significantly increased the import of crude oil from the US. After the election of Donald Trump as the new US President, India has tripled its crude oil imports from the US in January compared to December 2024. In December 2024, 70,600 barrels per day were being imported, while in January this number reached 2,18400 barrels.

With this increase, the US has now become India's top fifth crude oil supplier. In 2024, India bought $15 billion worth of crude oil from the US, and the current target is to increase it to $25 billion. With this, India is making its mark as the third largest crude oil importer in the world.

Furthermore, according to government data, imports from Russia rose by 4.30% last month to 1.58 million barrels per day. Russia remains India's top supplier. However, in view of the US sanctions, Indian refineries are likely to buy from non-US Russian producers in the coming months, which could lead to a decline in imports from Russia.

In view of the US sanctions on Russian crude oil exports and the tense international market situation, the Indian government has moved to import more crude oil from the US to avoid the tsunami of Trump's tariffs.

These changes are important for Indian manufacturers and investors, as they will not only help India control high import tariffs, but will also strengthen trade relations between the two countries on new grounds.

Furthermore, global crude oil prices are also witnessing fluctuations in the international market. Crude prices are declining after the Uttar Pradesh, Texas and Israel-Hamas wars, but India will have to bear the brunt of these changes due to the tariff war.

Article published | Wed | 19 Feb 2025 | 10:04 PM

Gold price hits all-time high of ₹86,430: Today price increased by ₹740, this year it became ₹10,268 expensive; Silver increased by ₹967 to ₹97,000 per kg

Significant decline and improvement in gold and silver prices today, February 19

Today, February 19, according to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has increased by Rs 740 to Rs 86,430, while gold was earlier at Rs 85,690. On February 14, the price of gold had reached Rs 86,089, which was an all-time high.

Also, the price of one kg of silver has jumped by Rs 967 to Rs 97,000 per kg; yesterday the price of silver was Rs 96,023. On October 23, 2024, the all-time high of silver was recorded at Rs 99,151 per kg, but today indicates a reversal of the recent decline.

The details of gold prices in metro cities are as follows: - **Delhi:** 10 grams of 22 carat gold is priced at Rs 80,450 and 10 grams of 24 carat gold is priced at Rs 87,800.
- **Mumbai:** 22 carat - Rs 80,350; 24 carat - Rs 87,650.
- **Kolkata:** 22 carat - Rs 80,350; 24 carat - Rs 87,650.
- **Chennai:** 22 carat - Rs 80,350; 24 carat - Rs 87,650.
- **Ahmedabad:** 22 carat - Rs 80,400; 24 carat - Rs 87,210.


Since January 1 this year, the price of 10 grams of 24 carat gold has increased from Rs 76,162 to Rs 86,430 - a total increase of Rs 8,797. At the same time, the price of silver has increased from Rs 86,017 to Rs 97,000, an increase of Rs 9,006.

The four main reasons for the rise in gold prices include:
1. Rising geopolitical tensions following Donald Trump's election as US President
, 2. Weak rupee against the dollar,
3. Rising inflation,
4. Increasing investment in gold by investors due to volatility in the stock market.


According to Ajay Kedia, Director of Kedia Advisory, after a large rally, gold was expected to fall but it has already happened. After the US, the reduction in interest rates in the UK and rising geopolitical tensions are supporting gold, and increasing investment in gold ETFs also seems to be increasing the demand for gold. In such a situation, Ajay Kedia believes that gold can reach Rs 90,000 per 10 grams this year.

While purchasing, it is advisable for buyers to always buy gold hallmarked by the Bureau of Indian Standards (BIS), as the gold hallmark contains a 6-digit alphanumeric hallmark unique identification number (HUID), such as “AZ4524”, which accurately indicates the karat content of the gold.

Article published | Wed | 19 Feb 2025 | 9:46 PM

Tesla starts recruitment in India: The company may enter the country soon, Musk and Modi recently met

Tesla and India: New Recruitment, Reduced Import Duty and Signs of an Emerging Market

Elon Musk's company Tesla Inc. has recently started its first recruitment process in India. On February 17, it advertised recruitment for 13 positions on LinkedIn, including posts related to customer service and backend operations. The move has indicated that Tesla is preparing to enter the Indian market soon.

In addition, Tesla CEO Elon Musk met PM Modi during his US visit. Tesla and India had been in talks for many years, but the company could not enter India due to high import duties. Now, import duty on cars worth more than $ 40,000 in India has been reduced from 110% to 70%, which could make Tesla's products more competitive in the Indian market.

Tesla is busy finding land for its factory and is giving priority to automotive hubs like Maharashtra, Gujarat and Tamil Nadu. Along with this, Trump created a new Department of Border Efficiency (DoGE) and assigned it to Elon Musk and Indian-origin businessman Vivek Ramaswamy, but Vivek Ramaswamy was later removed from it.

Tesla's share price has increased by 83.65% in the last 1 year to $355.84. The company's market cap has reached about $1.12 trillion (₹97.37 lakh crore) and the share has increased by 59.77% in the last 6 months.

Tesla's cheapest car is known as **Model 3**, which is priced at $29,990 (about ₹26 lakh) in the US and runs for 535 kilometers after a full charge. Along with this, Elon Musk is known as the richest person in the world, with his total wealth of 34.23 lakh crore rupees, while Mark Zuckerberg (22.06 lakh crore) and Jeff Bezos (21 lakh crore) come in second and third.

All these developments and reform measures appear as positive signals for the Indian market and international trade, which will play an important role in India's progress in the field of market competitiveness and technology.

Article published | Tue | 18 Feb 2025 | 9:13 PM

Today, gold fell by Rs 1039 to Rs 84959: Silver is also being sold by Rs 2930 to Rs 95023 per kg.

Talk of excitement and decline in gold and silver prices: Prices increased since the beginning of the year, but fell on February 17

Today, i.e. on February 17, there has been a significant decline in the prices of gold and silver in the market. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has fallen by Rs 1,039 to Rs 84,959, while earlier gold was Rs 85,998. The significant thing is that on February 14, gold had reached an all-time high of Rs 86,089, but today there has been a decline.

The price of one kg of silver has also fallen by Rs 2,930 to Rs 95,023 per kg; yesterday the price of silver was Rs 97,953 per kg. The all-time high of silver was Rs 99,151 on October 23, 2024.

The details of gold prices in metro cities are as follows: - Delhi: 22 carat - Rs 79,550; 24 carat - Rs 86,770 (per 10 grams)
- Mumbai: 22 carat - Rs 79,400; 24 carat - Rs 86,620
- Kolkata: 22 carat - Rs 79,400; 24 carat - Rs 86,620
- Chennai: 22 carat - Rs 79,400; 24 carat - Rs 86,620
- Ahmedabad: 22 carat - Rs 79,450; 24 Carat - Rs 87,210

Since January 1 this year, the price of 10 grams of 24 carat gold has increased from Rs 76,162 to Rs 84,959, i.e. an increase of ₹8,797. At the same time, the price of silver has increased from Rs 86,017 to Rs 95,023, i.e. an increase of ₹9,006.

Ajay Kedia, Director, Kedia Advisory, says that gold is getting support due to the large-scale global economic stress and the reduction in interest rates by the US-UK as well as increasing geopolitical tensions. Apart from this, the demand for gold is increasing due to increasing investment in gold ETFs. In such a situation, according to Ajay Kedia, the price of gold can reach Rs 90,000 per 10 grams this year.

All these figures show that gold and silver prices frequently increase and decrease under the influence of the country's economic situation and the global market. All these changes remain important for investors and consumers, as they have planned their investment and spending strictly keeping in mind the figures.

Article published | Mon | 17 Feb 2025 | 6:31 PM

BSNL turns profitable after 17 years: Company makes profit of ₹262 crore in third quarter, EBITDA doubles in four years

BSNL posts profit of Rs 262 crore in Q3 of FY 2024-25 – first time in 17 years!

State-run telecom company BSNL has posted a profit of Rs 262 crore in the third quarter of the financial year 2024-25. This has made the company profitable for the first time in the last 17 years, while the last time it made a profit in the quarter was in 2007. Union Minister Jyotiraditya Scindia announced this information on February 14.

In the October-December 2024 quarter, the company's mobility services revenue grew by 15%, fiber-to-the-home (FTTH) revenue by 18% and revenue from leased line services by 14% compared to the previous year. In the last four years, BSNL's EBITDA has been Rs. 1,100 crore to approximately Rs. 2,100 crore.

The company has also succeeded in reducing its loss by Rs 1,800 crore compared to last year due to cost-cutting efforts. The company's subscriber base reached 9 crore in the December quarter, while it was 8.4 crore in June.

Regarding 4G connectivity, BSNL has set a target of providing 1 lakh towers across the country. Out of the total target of 100,000 towers, about 75,000 towers have been installed so far and 60,000 towers are operational. Scindia said that it is hoped that the remaining towers will also be operational by June this year.

Thus, this financial quarter results prove to be an important turning point for BSNL. The company has registered significant improvement in mobile services, FTTH and leased line services.

In addition, private 5G connectivity is already being provided in the mining sector. To further enhance the customer experience, BSNL has launched services like National WiFi Roaming, free BiTV for all mobile customers, IFTV for all FTTH customers and private 5G connectivity.

With all these improvements and cost containment efforts, it is expected that the company will increase its revenue for the full financial year at the end of the fourth quarter and will also keep costs under control. Efforts to reduce costs will continue as compared to last year's figures, which is expected to further enhance the company's profitable results.

Article published | Sun | 16 Feb 2025 | 8:53 PM

Government power companies will provide 45 paise relief in electricity charges to 1.30 crore consumers

Tariff relief proposed for electricity consumers in Gujarat According to the tariff petition for 2025-26 submitted to the Gujarat Electricity Regulatory Commission (GERC), 4 state-owned power companies in the state have proposed electricity tariff relief for over 1.30 crore consumers.

Key events: - Afternoon relief: It is proposed to reduce the tariff of electricity consumed between 11:00 AM and 3:00 PM by 45 paise per unit every day. - Additional relief for smart meter customers: Customers who install prepaid smart meters will get 2% relief on their total energy charge bill. For example, there will be a saving of ₹100 on a bill of ₹5,000.

Period of relief and benefits: - This scheme will be applicable during the year 2025-26. - This step has been taken to reduce power consumption during the afternoon peak period (11 AM to 3 PM).

Additional relief for smart meter users: - The 2% relief available to those installing smart meters is not related to the period of electricity consumption. - This relief will be applicable on the entire energy charge (not just the unit rate).

Reason behind this proposal: - The aim is to distribute the electricity demand on a time-based basis. - To reduce pressure on the grid during peak hours and encourage consumers to consume during off-peak hours.

Future expectations: - GERC will review this proposal and give final approval. - If this proposal is approved, the monthly bills of the consumers can be significantly reduced.

This step will benefit the electricity consumers of Gujarat and will encourage smart consumption in the electricity distribution system.

Article published | Sat | 15 Feb 2025 | 9:16 PM

Gold and silver prices surged this week: Gold rose by ₹1299 to ₹85998, silver became expensive by ₹2562 and was sold at ₹97953 per kg

Gold and silver prices have seen a significant increase this week. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has increased from Rs 84,699 on February 8 to Rs 85,998 on February 15, an increase of Rs 1,299. The price of silver has also increased by Rs 2,562 to Rs 97,953 per kg, while it was Rs 95,391 per kg last Saturday.

Since January 1, the price of 10 grams of 24-carat gold has increased by Rs 9,836 to Rs 76,162 from Rs 85,998. The price of silver has also increased by Rs 11,936 to Rs 86,017 from Rs 97,953 per kg.

Gold price in metro cities and Ahmedabad: - Delhi: 10 grams of 22 carat gold is priced at Rs 80,060 and 10 grams of 24 carat gold is priced at Rs 87,320.

- Mumbai: 10 grams of 22 carat gold is priced at Rs 79,910 and 10 grams of 24 carat gold is priced at Rs 87,170.

- Kolkata: 10 grams of 22 carat gold is priced at Rs 79,910 and 10 grams of 24 carat gold is priced at Rs 87,170.

- Chennai: 10 grams of 22 carat gold is priced at Rs 79,910 and 10 grams of 24 carat gold is priced at Rs 87,170.

- Ahmedabad: 22 carat The price of 10 grams of gold is Rs 79,950 and the price of 10 grams of 24-carat gold is Rs 87,210.

Reasons for the increase in gold: 1. Geopolitical tension: Geopolitical tension has increased with Trump becoming the President of the United States. 2. Weakness of the rupee: Gold is becoming expensive due to the weakening of the rupee against the dollar. 3. Inflation: Rising inflation is also supporting the price of gold. 4. Volatility in the stock market: Due to the increasing volatility in the stock market, people are increasing their investment in gold.

Performance of gold and silver in 2024: - Gold: Gold prices have increased by 20.22% in 2024. It has increased from Rs 63,352 per 10 grams on January 1 to Rs 76,162 per 10 grams on December 31. - Silver: Silver prices have increased by 17.19%. It has increased from Rs 73,395 per kg on January 1 to Rs 86,017 per kg on December 31.

Future expectations: According to Ajay Kedia, Director, Kedia Advisory, the price of gold can reach Rs 90,000 per 10 grams this year. Gold is getting support due to the reduction in interest rates in the US and the UK and increasing geopolitical tensions. Demand for gold is also increasing due to increasing investment in gold ETFs.

Article published | Sat | 15 Feb 2025 | 8:58 PM

Gold crossed 87,210 for the first time: Gold all time high, price of one kg silver increased by 1,945 to 97,494.

Gold reached Rs 87,210, all time high price – know how the prices are increasing

14 February, Gold prices have set a new record on Friday. According to the latest data of India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold is Rs 110. The rupee has increased to Rs 87,210. Earlier, on February 13, gold was at the level of Rs 87,100, which was the all-time high till then.

A significant increase has also been seen in the price of silver. The price of one kg silver has increased by Rs 1,945 to Rs 97,494. The all time high of silver was Rs 99,151 per kg on October 23, 2024.

Gold prices in major cities of the country including Ahmedabad are as follows: - Ahmedabad: 24 carat Rs 87,210, 22 Carat Rs 79,950 - Delhi: 24 carat Rs 87,310, 22 carat Rs 80,050 - Mumbai, Kolkata, Chennai: 24 carat 87,160 Rupee, 22 carat Rs 79,900

There are four main reasons responsible for the increase in gold prices: 1. Against the dollar The rupee will weaken. 2. Due to rising inflation, investors turned towards gold. 3. Stock market volatility. 4. Global geopolitical tensions and increase in investment in gold ETFs.

According to Ajay Kedia, director of Kedia Advisory, the price of gold can reach Rs 90,000 this year. છે.

Article published | Fri | 14 Feb 2025 | 9:22 PM

Pradhan Mantri Surya Ghar Free Electricity Scheme completes one year: 8.46 lakh families benefited from this scheme, 300 units of free electricity were provided to each household

Pradhan Mantri Surya Ghar Free Electricity Scheme completes one year: 8.46 lakh families benefit

Delhi: Pradhan Mantri Surya Ghar Free Electricity Scheme has completed one year from today. Launched on February 13, 2024, this scheme aims to provide 300 units of free electricity to one crore families.

According to government data, 8.46 lakh households have received direct benefit of this scheme by January 27, 2025. Under this scheme, a family who installs solar panels on the roof also gets an income of about ₹15,000 per year along with saving in electricity.

How much will it cost? Those who install a 2 kilowatt solar plant will get 60% subsidy. - For a 3 kilowatt plant, the cost is about ₹1.45 lakh, out of which ₹78,000 is given as subsidy. - There is also a facility of cheap bank loan for the remaining ₹67,000.

Application process The government has launched a national portal, where the customer can apply by uploading his electricity bill, Aadhaar card, bank passbook etc. documents. After the plant is installed, the subsidy amount is directly deposited in the bank account through DBT.

300 units of free electricity and earnings - A 1 kilowatt plant produces 4-5 units of electricity per day. - A 3 kilowatt plant provides 15 units (450 units per month) of electricity per day. - By returning the above electricity after consumption, an income of approximately ₹15,000 is possible every year.

The government is trying to boost solar energy and environmental protection in the country under the scheme.

Article published | Thu | 13 Feb 2025 | 9:48 PM

Laborers in India are not ready to work: L&T Chairman's new statement after 90 hours of work a week, government schemes are making people 'work thieves'

L&T Chairman S.N. Subramanian claims: Workers are avoiding work due to government schemes

Chennai: Larsen & Toubro (L&T) Chairman and Managing Director S.N. Subramanian made a controversial statement at the CII South Global Linkage Summit on Tuesday. He claimed that workers are avoiding work due to India's welfare schemes, which is a matter of concern for the construction industry.

Labor shortage: A major challenge Subramanian expressed concern over the labor shortage and said that roads, power plants and other infrastructure need to be built quickly, but the shortage of workers is hindering it.

Blaming government schemes According to the L&T chairman, workers are choosing to live comfortably and not want to work due to the various beneficial schemes they are getting. He mentioned schemes like Jan Dhan Khata, Direct Benefit Transfer, Garib Kalyan Yojana and MGNREGA and said that this is why people do not want to migrate to cities for work.

Incentives needed for laborers He described this situation as a challenge for the industry and pointed out the need to create new incentive policies for laborers. This statement has started a debate in various fields, and scholars and economic analysts are giving mixed reactions to this claim.

Article published | Wed | 12 Feb 2025 | 9:14 PM

Finance Minister warns banks and NBFCs: Action will be taken against banks and NBFCs for violating gold loan auction rules

Union Finance Minister Nirmala Sitharaman has said that if banks and financial institutions do not follow the RBI rules in the auction of pledged gold, strict action will be taken against them. As per the RBI directive, regular inspection, valuation and audit of pledged gold is done. Methods like acid test, X-ray fluorescence are used to check the purity of gold. Monitoring through CCTV is necessary for security.

The country has seen an unexpected increase in taking loans against gold (gold loans). The gold loan portfolio of banks has increased by 71.3% year-on-year to Rs 1.72 lakh crore till December of the current financial year. A year ago, gold loans had grown by only 17%. Amidst rising gold prices, loan defaults are also increasing, due to which the NPA of scheduled commercial banks and non-banking financial companies has also increased.

RBI Auction Rules:
1. Venue: The auction will be held in the city or taluka where the lender has its branch.
2. Advertisement: It is necessary to give information about the date, time and venue of the auction 15 days before the auction.
3. Licensed company: A licensed company should conduct the auction.
4. Minimum bid: The minimum bid should be 80% of the valuation of the gold.
5. Role of NBFC: NBFC itself cannot participate in the auction.
6. Role of the borrower: The concerned borrowers or their representatives are allowed to participate in the auction.
7. Utilization of auction proceeds: The proceeds received through the auction should be used to repay the outstanding loan. The remaining amount will have to be paid by the borrower.
8. Auction report: A copy of the auction report should be given to the borrower.
9. Fees: NBFCs should not charge for conducting auctions.

Failure to comply with these rules can lead to severe consequences for banks and financial institutions. RBI enforces these rules to ensure transparency and accountability in the gold pledging process.

Article published | Tue | 11 Feb 2025 | 10:44 AM

The new week started poorly in the stock market, Sensex plunged by 450 points, Nifty also fell.

Indian Stock Market Big Drop on February 10, 2025: Key Points 1. Sensex and Nifty Drop Hugely - Sensex: The Bombay Stock Exchange (BSE) Sensex fell 450+ points (0.58%) to trade at 77,417.36. In the first 10 minutes, the Sensex fell by 578 points, with 26 out of 30 stocks in the red. - Nifty: The National Stock Exchange (NSE) Nifty fell 150 points (0.64%) to 23,417. Shares in the metal, energy, and IT sectors saw the most selling. --- 2. Top Declining Stocks and Sectors - Tata Steel: Down nearly 4% to trade at ₹129.25. - Zomato: The online food delivery company's shares fell 2.78% to ₹209.80. - Other sectors that declined: - Metal: Nifty Metal Index fell 3.19%. - IT and Energy: Shares like Tech Mahindra, HCL, and ONGC fell 1-2%. --- 3. Main reasons for the decline 1. Global concerns: US President Trump's announcement of new tariffs on steel and aluminum increased fears in global markets. 2. FII selling: Foreign institutional investors (FIIs) sold shares worth ₹2,254.68 crore, while DIIs bought ₹3,961.92 crore. 3. Impact of repo rate cut: RBI cut the repo rate on February 7, but the move failed to improve demand and financial stability. --- 4. Technical and Expert Analysis - Rupak Dey (LKP Securities): "Nifty broke the support level of 23,000, indicating the possibility of further decline. If 23,000 is crossed again, a correction is possible". - Akshay Chincholkar (Axis Securities): "Sell-off in US equity futures and impact of tariffs put pressure on the Indian market". --- 5. Strategy ahead and uncertainty - Short-term volatility: February is historically considered negative for Nifty (average decline of 1%). - IPO and corporate action: Ajax Engineering's IPO opens, targeting to raise ₹1,269 crore. --- Conclusion: Today's decline is a result of the interplay of global economy, FII selling, and domestic policy implications. Market volatility is likely to continue with the ongoing slowdown in the metal, IT, and energy sectors and the weakness of the rupee (₹87.42/dollar). Investors are advised to pay attention to sectoral exposure and technical support levels.

Article published | Mon | 10 Feb 2025 | 10:25 AM

Meta to lay off underperforming employees from Monday: Employees will receive notice before layoffs, company takes steps to hire machine learning engineers

Meta starts global layoff campaign, 5% of employees affected Tech giant Meta, led by Mark Zuckerberg, will start a global layoff campaign from next week. This step is being taken mainly to focus on the rapid recruitment of machine learning engineers. How and where will the layoffs take place? Details about these layoffs have been leaked through an internal company memo. The layoffs will begin at 5 am (local time) on Monday, and notices will be sent to affected employees. - Employees in most countries, including the US, will be ordered to be laid off. - Employees in some European countries, such as Germany, France, Italy and the Netherlands, will be able to avoid layoffs due to the convenience of local laws and regulations. - Layoff notices will be given from February 11 to 18 in other countries in Asia, Africa and Europe. Preparation to lay off 5% of employees Meta has already confirmed that it will lay off the company's worst-performing 5% of employees. The move is seen as an attempt to reorient Meta's business and tech development. The decision could affect thousands of Meta employees. The layoffs are being made to bring in new talent as the company continues its large-scale research and technology upgrades.

Article published | Sun | 09 Feb 2025 | 5:07 PM

Gold rises by Rs 2,613 this week to hit all-time high of Rs 84,699: Silver prices rise by Rs 1,858; Prices rise by Rs 9,000 in the new year

Gold and silver prices rise: New week begins with strong growth Amidst the upcoming inflation, gold and silver prices have seen a significant increase. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold was ₹82,086 last Friday (January 31), which has now increased by ₹2,613 to ₹84,699. Along with this, the price of silver has also increased, which has increased by ₹1,858 to ₹95,391 per kg. 📈 Why are gold and silver prices increasing? This increase is due to the increasing demand for gold and silver in the international market and the unstable factors prevailing in the global economy. Additionally, the movement of the dollar index and interest rates is also changing the prices. 📌 Gold prices (10 grams) in 4 major cities - Delhi: ₹86,660 (24K), ₹79,450 (22K) - Mumbai: ₹86,510 (24K), ₹79,300 (22K) - Kolkata: ₹86,510 (24K), ₹79,300 (22K) - Chennai: ₹86,510 (24K), ₹79,300 (22K) 🛒 What to keep in mind before buying? - Always buy gold with BIS hallmark - Check the price to avoid sudden fluctuations in the market - Be sure to take the purchase bill With this increase, the demand for gold and silver in the global market is likely to increase. If the price increases further, this can be a good opportunity for investors.

Article published | Sat | 08 Feb 2025 | 9:19 PM

Interest rate cut: RBI likely to surprise with rate cut today - benefit to borrowers

The Reserve Bank of India (RBI) today reduced interest rates by 0.25%, bringing the repo rate down from 6.50% to 6.25%. This decision will reduce interest rates on home loans, car loans and other loans, which will provide relief in EMIs for borrowers. Impact on home loans: Suppose you have taken a home loan of Rs 50 lakh for 20 years at an interest rate of 8.50%, then earlier your monthly EMI was Rs. 43,391. Now, after the 0.25% reduction in the repo rate, the interest rate will be 8.25%, and the EMI will be Rs. 42,603, which will save Rs. 788 per month. Impact on car loans: If you have taken a car loan of Rs 10 lakh for 5 years at an interest rate of 9.10%, then earlier your monthly EMI was Rs. 20,807. Now, with the interest rate at 8.85%, the EMI will be Rs. 20,686, resulting in a total saving of Rs. 7,277. citeturn0search7 This decision will provide financial relief to the borrowers and make the process of getting a loan cheaper.

Article published | Fri | 07 Feb 2025 | 11:33 AM

Sensex falls 213 points to close at 78,058: Nifty falls nearly 92 points to close at 23,603, Nifty Realty sees biggest drop of 2.19%

**Stock Market Down: Sensex 213 Points, Nifty 92 Points** On Thursday, February 6, the Indian stock market witnessed a decline, with the Sensex closing 213 points lower at 78,058, while the Nifty fell 92 points to settle at 23,603. The main reason for this decline in the market is being considered the slowdown in the global market and concerns related to the international economy. Stocks in the technology, banking and auto sectors were particularly affected. Due to uncertainty among investors, selling in large-cap stocks increased. On the other hand, the pharma and FMCG sectors remained relatively stable. Experts believe that the US Federal Reserve's future policies, fluctuations in crude oil prices and influential measures of the global economy are behind this decline. The market trend next week will depend on the global market outlook and local financial conditions. It will be important for investors to remain cautious and focus on long-term investments during this time.

Article published | Thu | 06 Feb 2025 | 10:23 PM

Rupee hits all-time low: Rupee falls 25 paise to 87.37 against dollar, imports will become costlier

Indian Rupee Hits All-Time Low Again, at 87.37 The Indian currency rupee has once again hit a new low of weakness. On Wednesday, February 5, during trading, the rupee fell by 25 paise to 87.37 against the US dollar. This was recorded as its all-time low. 📉 What is the reason for the rupee's decline? According to economic experts, the main reasons for the decline in the Indian rupee are as follows: 1. Increase in crude oil prices in the international market - India imports most of its crude oil, and high prices weaken the rupee. 2. Declining interest from foreign investors - Foreign investors are withdrawing investments from the Indian market, which is reducing demand. 3. Strengthening of the dollar - The US Federal Reserve's interest rate hike decisions strengthen the dollar, which puts pressure on the rupee. 4. Global uncertainty – Global events like US-China relations, war also affect the Indian rupee. 📊 Impact on Indian economy 📌 Imports will become costlier – Prices of petrol, diesel, electronics and other imported goods may increase. 📌 Inflation will increase – A weak rupee may increase economic inflation. 📌 Impact on stock market – Investors may experience financial uncertainty. 💰 Can the rupee rebound? According to analysts, if India's policy reforms, RBI intervention and global conditions improve, the rupee may regain strength. 👉 For the time being, it will be important for investors and citizens to keep an eye on economic conditions.

Article published | Wed | 05 Feb 2025 | 9:32 PM

10 grams of gold price hits 83,000, all-time high: Price increases by 6801 in 35 days; Silver rises by 162 to 93,475 per kg

New history in gold prices: All-time high on February 4 Gold prices are witnessing a continuous increase in the Indian market. On February 4, 2025, the price of 10 grams of 24-carat gold reached ₹82,963, which is an all-time high so far. According to the India Bullion and Jewelers Association (IBJA), gold prices saw a jump of ₹259 in a single day. Why are gold prices increasing? There are some main reasons behind the increase in gold prices: 1. Turmoil in the international market: Due to global tensions, especially the ongoing conflicts in the Middle East and Europe, investors are choosing gold as a safe investment. 2. Impact of dollar and crude oil: The rise in the US dollar and crude oil prices has a direct impact on the price of gold. 3. Purchases by central banks: Central banks of various countries are buying gold, which is increasing demand. 4. Global recession and inflation: Investors are investing more in gold amid economic uncertainty. What for consumers? Rising gold prices may create problems for jewelry buyers and those buying gold for the wedding season. This can be a good opportunity for investors. Will gold move up or down? Experts believe that gold prices may increase in the coming time as well, although a slight decrease may also be seen in the short-term.

Article published | Tue | 04 Feb 2025 | 10:06 PM

Gold at all-time high, silver becomes cheaper: 10 grams of gold becomes expensive by ₹618 to ₹82,704; Price increases by ₹6,542 in 34 days

Yes, there has been a significant increase in gold prices recently. On February 3, 2025, the price of 10 grams of 24-carat gold increased by Rs 618 to Rs 82,704. Earlier, gold was priced at Rs 82,086 per 10 grams. On January 31, the price of gold was Rs 81,500 per 10 grams, which has increased to Rs 82,704 on February 3. The main reasons for this increase in gold prices include global economic uncertainty, geopolitical tensions, and increased purchases of gold by central banks. According to experts, the increase in gold prices may continue by 2025, and the price of gold in the domestic market may reach Rs 85,000 per 10 grams. In view of these increasing prices, it is important for investors and consumers to monitor the price trend of gold.

Article published | Mon | 03 Feb 2025 | 9:04 PM

Countries in the world where there is no income tax, take home whatever you earn...

Recently, Finance Minister Nirmala Sitharaman presented the Union Budget for the year 2025-26. In which, it has been made that taxpayers with an annual income of up to Rs 12 lakh will not have to pay a single rupee in tax. But you will be surprised to know that the main source of income for the governments of many countries in the world is income tax. On the other hand, there are also countries that rely more on indirect taxes and do not tax even a single rupee on anyone's income. These countries collect tax on goods and services. So let's know about these countries........

Article published | Sun | 02 Feb 2025 | 9:52 PM

Big relief in income tax in Budget 2025: 60 thousand benefit on income up to 12 lakhs; Relief in new tax regime, no change in old tax regime

1. Tax exemption limit: Under the new tax regime, no income tax will be paid on income up to Rs 12 lakh per annum. For salaried people, by giving a standard deduction of Rs 75,000, the total tax-free income amount will be Rs 12.75 lakh. 2. As per the new tax slab: - Rs 0 to 4 lakh: No tax - Rs 4 to 8 lakh: 5% tax will be levied - Rs 8 to 12 lakh: 10% tax will be levied Since there is no change in the old tax regime, in the new regime, an exemption of up to Rs 12 lakh has been provided under Section 87A of the Income Tax Act. 3. Benefit: These changes will benefit the average taxpayer by approximately Rs 60,000. These changes are aimed at providing relief from the tax burden, especially to the middle class and salaried class, so that their financial pressure is reduced and savings opportunities increase.

Article published | Sat | 01 Feb 2025 | 7:43 PM

From ATM to interest rates: 5 bank rules to change from February 1

Major Overhaul in Banking Services: New Rules for ATM Charges and Digital Push Starting tomorrow, Indian banking customers will witness significant changes in services, aimed at promoting digital transactions and curbing fraud. Leading banks, including the State Bank of India (SBI), Punjab National Bank (PNB), and Canara Bank, have announced revised policies to align with these goals. A key update involves ATM cash withdrawal charges, set to rise from February 1, 2025. Customers will now be allowed only three free ATM transactions per month at their own bank’s ATMs, beyond which a fee of ₹25 per transaction (up from ₹20) will apply. Using another bank’s ATM will incur ₹30 per withdrawal, with a daily cash withdrawal cap of ₹50,000. Bank officials emphasized that these measures aim to reduce cash dependency and encourage digital alternatives like UPI, mobile banking, and net banking. “This shift will enhance security and streamline operations,” said a spokesperson from SBI. Additionally, banks are rolling out enhanced fraud detection systems to safeguard customers amid rising cyber threats. While the move has drawn mixed reactions, analysts argue it reflects a broader push toward a less-cash economy. Customers are advised to review their bank’s updated guidelines and explore digital tools to avoid charges. As India’s banking sector evolves, these changes underscore the balance between modernization and customer convenience, urging users to adapt swiftly to new financial norms.

Article published | Fri | 31 Jan 2025 | 10:38 PM

Sensex rose 226 points to close at 76759: Nifty also rose 86 points to close at 23249, power and FMCG stocks continued to rally

Market rally: Sensex and Nifty rise Today was a positive day for the stock market, where the Sensex rose 226 points to 76,759, while the Nifty closed at 23,249 with an increase of 86 points. Power, FMCG, banking and auto sectors were especially strong in the market, due to which the market closed at a higher level. Key highlights in the market 👉 Big jump in power and FMCG sectors 👉 Stocks like Reliance and Infosys rise 👉 Banking and auto sectors supported the market 👉 Sensex-Nifty closed at a new record level Weak sectors 🔻 Pressure in IT and metal stocks 🔻 Selling was seen in HCL Tech and TCS According to analysts, if the market does not experience a downturn in banking and FMCG stocks, the market will see higher levels in the short term. It is a good opportunity for investors to invest with supervision.

Article published | Thu | 30 Jan 2025 | 6:07 PM

During the period 2014 to 2024, banks recovered only about 16 percent of the Rs. 16.6 lakh crore bad debt.

Although Indian banks wrote off loans worth Rs 16.6 lakh crore between April 1, 2014 and September 30, 2024, only 16% (Rs 2.69 lakh crore) of it has been recovered. This information has been disclosed by the RBI in response to an RTI application. The key details and outcomes of this incident are summarised below: --- Key figures and section-wise details 1. Rate of write-offs and recovery - Total write-offs: ₹16.6 lakh crore (2014-2024) . - Recovery: ₹2.69 lakh crore (16%) . - Outstanding amount: ₹13.91 lakh crore (84%) not yet recovered . 2. Breakdown by type of banks - Public sector banks: - Write-off: ₹12.08 lakh crore (73% share) . - Recovery: ₹2.16 lakh crore (18% rate) . - Private banks: - Write-off: ₹4.46 lakh crore . - Recovery: ₹53,248 crore (12% rate) . - Urban cooperative banks: - Write-off: ₹6,020 crore (recovery data not available) . 3. Top banks in write-off - Government sector: Punjab National Bank (₹18,317 crore), Union Bank (₹18,264 crore), SBI (₹16,161 crore) . - Private Sector: HDFC Bank (₹11,030 crore), Axis Bank (₹8,346 crore), ICICI Bank (₹6,198 crore) . 4. Duration and activities of write-offs - FY 2023-24: Write-offs ₹1.7 lakh crore (lowest in last 5 years) . - FY 2019-20: Top write-offs ₹2.34 lakh crore . - Recovery rate (5 years): 18.7% (2019-2024) . 5. Definition and implications of write-off - Meaning: Write-off is an accounting process in which banks remove NPAs (non-performing assets) from the balance sheet, but the liability of the borrowers remains . - Reasons: Technical, prudential, or recovery related issues . - RBI concerns: Rising write-offs in private banks may mask unsecured loan risks. --- Conclusion and future direction - Reform measures: RBI has tightened norms for personal loans and credit cards to contain risks. - Macro implications: GNPA (Gross Non-Performing Assets) has declined to 2.6% in 2024, but is likely to increase to 5.3% by 2026. Thus, the Indian banking sector continues to face the problem of distressed loans with low write-offs and recovery rates, which require regulatory measures and corrective actions to address.

Article published | Wed | 29 Jan 2025 | 12:18 PM

Gold and silver prices fall today: Gold falls by Rs. 391 to Rs. 80,006 per 10 grams, silver reaches Rs. 89,725 per kg

Gold and Silver Prices Decline Amid Global Market Movements On January 28, 2025, precious metals saw a significant drop in prices in India. In Delhi, the price of 24-carat gold fell by ₹170 to ₹82,413 per 10 grams, while silver also faced a notable decline, dropping by ₹1,000 to ₹99,500 per kilogram. This marked a continued downward trend for both metals in the Indian market. The decline in gold and silver prices in India can be attributed to a mix of domestic and global factors. Internationally, the prices of these metals remained volatile, with gold recovering slightly after a significant sell-off. Influenced by economic shifts and market sentiment, the sell-off was particularly driven by China's DeepSeek AI model's global influence, which spooked investors and led to a decrease in demand for precious metals. As of the latest reports, spot gold remained steady at $2,739.28 per ounce, while U.S. gold futures rose by 0.2% to $2,742.50. Silver, however, continued its struggle, easing by 0.8% to $29.97 per ounce. The fluctuations in precious metal prices are influenced by a variety of factors, including shifting economic conditions, geopolitical events, and market dynamics. Investors are closely watching these changes, especially as central banks, inflation concerns, and global economic health continue to drive uncertainty in the market. The ongoing geopolitical developments in regions such as the Middle East and Asia also add to the volatility, contributing to price shifts in commodities like gold and silver. For many investors, these fluctuations in gold and silver prices could present both risks and opportunities, depending on how markets evolve in the coming weeks and months.

Article published | Tue | 28 Jan 2025 | 9:34 PM

Sensex falls 824 points to close at 75,366: Nifty also falls 263 points; IT and auto shares fall

The Indian stock market witnessed a significant decline on January 27, 2025. The Bombay Stock Exchange (BSE) Sensex fell 824 points to close at 75,366. Similarly, the National Stock Exchange (NSE) Nifty fell 263 points to close at 22,829. The decline was mainly due to global and domestic economic factors, such as ongoing trade tensions, fluctuations in crude oil prices and poor financial results of corporate companies. Main reasons: 1. Global economic uncertainty: - The ongoing trade tensions and geopolitical situations around the world have put pressure on global markets. - Changes in monetary policy by the US Federal Reserve and other central banks have also affected the market. 2. Fluctuations in crude oil prices: - Changes in crude oil prices have affected the economic stability of oil importing countries like India. 3. Financial results of corporate companies: - The poor financial results of some large corporate companies have reduced the confidence of investors. 4. FII and DII activities: - The selling activities of shares by foreign institutional investors (FII) have also put pressure on the market. - Despite buying by domestic institutional investors (DII), the market has seen a decline. Sectoral performance: - Banking and financial sector: This sector has seen the highest decline, as concerns over bad loans (NPAs) and financial stability have affected investors. - IT and tech sector: This sector has also seen a decline due to fears of a global recession. - Pharma and Healthcare Sector: This sector has seen relative stability, as demand for healthcare services remains constant. Future Predictions: Market experts believe that the market may witness uncertainty and ups and downs in the short term. However, in the long term, India's strong economic fundamentals and government reforms may help stabilize the market. Summary: The Indian stock market witnessed a significant decline on January 27, 2025. The Sensex fell 824 points to close at 75,366, while the Nifty fell 263 points to close at 22,829. This decline was mainly due to global and domestic economic factors. The market is expected to stabilize in the future, but uncertainty may be seen in the short term.

Article published | Mon | 27 Jan 2025 | 8:56 PM

SEBI will get a new chairman to replace Madhbi Buch, who was embroiled in controversy in the Adani case, applications invited

The Union Finance Ministry has invited applications for the post of Chairperson of the Securities and Exchange Board of India (SEBI). Applications can be submitted till February 17, 2025. The tenure of current SEBI Chairperson Madhbi Puri Buch is ending on February 28, 2025. Buch took over as the Chairperson of SEBI on March 2, 2022 and is the first woman to be appointed as the Chairperson of SEBI. Appointment process of new Chairperson: 1. Last date of application: February 17, 2025. 2. Tenure: The new Chairperson will be appointed for a maximum period of 5 years or till the age of 65 years, whichever comes first. 3. Salary: The new Chairperson will get the salary of a Government Secretary or a consolidated salary of ₹5,62,500 per month (excluding house and car). Madhbi Puri Buch's tenure: Madhbi Puri Buch's tenure has been fraught with controversies and challenges. A Hindenburg Research report accused her and her husband of investing in offshore funds related to the Adani Group. Apart from this, the Congress party also accused her of violating the code of conduct. Buch dismissed these allegations as baseless and said that she had made all the necessary disclosures. Qualifications for the new Chairperson: - The candidate should be at least 50 years of age and have professional experience of more than 25 years. - The candidate should be an expert in securities markets, law, finance, economics, accountancy or administration. Summary: With the end of Madhbi Puri Buch's tenure, the process for appointing a new Chairperson of SEBI has begun. The selection of a new Chairperson is important for Indian financial markets, as SEBI is responsible for maintaining the stability and integrity of India's capital markets.

Article published | Mon | 27 Jan 2025 | 8:52 PM

American Gujarati industrialist in the fray to buy Religar company, preparing to take on big companies

Digvijay Gaikwad, a Gujarati industrialist based in the US, has also entered the race to acquire Religar Enterprises against the Burman family, the promoter group of Dabur. Gaikwad has submitted an offer of ₹275 per share to buy 26% stake in Religar, which is a 17% premium over the Burman family's offer of ₹235 per share. This offer is 24% higher than the 60-day average price of Religar. Gaikwad has taken this step keeping in mind the prospects and future development of Religar in his offer. He has said that the Burman family has underestimated the prospects of Religar and has not even disclosed the conditional approval of the RBI. The Burman family has challenged Gaikwad's offer and said that Gaikwad was supposed to submit a competing offer within 15 days as per SEBI rules, which he did not do. Hence, their offer is considered invalid. In this takeover battle, both the parties are claiming to offer a better deal to Religare shareholders, with Gaikwad's offer looking more attractive, but the Burman family is confident of making their offer a success. SEBI approval and further legal process will determine the direction of this takeover battle.

Article published | Sun | 26 Jan 2025 | 9:51 PM

Solution at home: 1915 helpline; If a company sends a bad item in online shopping or the dealer does not return the advance, a solution will be found within 1 to 48 hours

Pawan Kumar | New Delhi If you need police help in a crime case, then everyone knows about the Dial 100 helpline. But there are many cases that are not related to crime, but to our daily needs and we do not understand where and from whom we should seek help for this? The Dial 1915 helpline has proven to be very effective in solving such problems. In the last one year, its response rate has been equal to Dial 100. If a bad product comes in online shopping and the company does not give a refund, a property dealer does not return the money after taking an advance or if the caller tune has been set on the mobile without informing or if the spices are not ground properly in the mixer, then you can take help on this helpline number for all these problems. 95% of the problems of people have been solved within 1 to 48 hours. 6 ways to get help... People can file complaints on the consumer helpline in 6 ways. The response rate of complaints received through all the channels is the same. These ways are as follows... 1. Through the consumer helpline no. 1915 2. By downloading the NCH app. 3. By SMS on 8800001915. 4. On the portal of the consumer helpline: https://consumerhelpline.gov.in 5. You can also take help from the Umang app. 6. By WhatsApp on 8800001915. Learn from these 5 examples, how this consumer protection helpline can help you Case-1; Hair fall due to hair oil, refund A person ordered herbal oil from Karnataka online for Rs 499. It was claimed that it would stop hair fall. But after using the oil, hair started falling out. He tried to get a refund, but failed. The person complained on the customer helpline. The ministry had issued instructions to the website operators concerned. After 2 days, a refund of Rs 499 was received in the e-wallet without returning the product. Case-2; Cockroaches in the train, action taken in 2 hours A man from Delhi had booked a ticket in First AC on the Trivandrum Rajdhani train for Goa. When he reached his reserved seat, he found that there were cockroaches around the seat. There was a hole in the blanket given to him. He complained to the railway staff during the journey. The blanket was changed but the cockroaches were still roaming around. The person complained on the customer helpline. The railways resolved the problem by controlling the pest in the train within 2 hours. Case-3; Property dealer returned the advance Sumit saw a one-bedroom flat on a rental website. The rent was 21 thousand. 21 thousand rupees was the security amount. Sumit and two friends were to stay. 2999 rupees per person. According to which a total of Rs. 8997 was deposited. After depositing the deposit, the property dealer said that he no longer has a flat. They can stay in another 2 BHK. When Sumit asked for the money, he did not return it. When he complained on the helpline, the money was returned within 10 days. Case-4; Claim on mixer false, refund received A woman from Mathura bought a mixer grinder online. The company claimed that it grinds spices very finely. After using it, the claim proved to be false. The woman emailed for a refund, but neither the mixer was replaced nor did she get a refund. The woman complained on the customer helpline. After this, the employees of the said company came after 2 days and took back her faulty mixer, along with 1800 rupees. Case-5; Amount recovered after booking an electric scooty A woman booked an electric scooty of the company for 499 rupees after a test drive. The woman was also told that she can cancel the booking anytime and the booking amount will be refunded within 7 days. After booking, the woman came to know about some defects of the electric scooty and she cancelled the booking. The booking amount was not refunded. When her money was not returned even after 2 months, she complained on the customer helpline. After this, the company refunded 499 rupees of the booking amount within 2 days.

Article published | Sun | 26 Jan 2025 | 11:48 AM

Gold and silver surged this week: Gold rose by 1109 to 80348, silver rose by 391 to 91211 per kg

**Gold and silver rise this week: Gold and silver prices rise** This week, the Indian market has witnessed a significant rise in gold and silver prices. According to Indian market data, the price of gold has increased by Rs. 1,109, taking the rate of 24-karat gold to Rs. 80,348 per 10 grams. Silver prices also rose, with silver increasing by Rs. 391 per kg to a high of Rs. 91,211. ### **Main reasons for the price increase:** 1. **International market:** Investors are choosing gold as a safe investment due to the slowdown in the economy and climate change at the global level. 2. **Strengthening of the dollar:** The improvement in the dollar's condition is increasing the demand for gold. 3. **Geopolitical situation:** Investment in precious metals is increasing due to tensions between the US and European countries and the weather crisis. 4. **Directive-Banking Policy:** Interest rate decisions of global central banks and market momentum have had a direct impact. ### **Information for the local market:** The demand for gold has increased in the local market due to weddings and festivals, which has a direct impact on the market price. Along with this, its price is also increasing as silver is used more in industry and jewellery. ### **Overall:** The significant rise in gold and silver this week has created an attractive space for investors to build houses. This growth is likely to continue in the coming days as well, as the global and local situation is likely to change.

Article published | Sat | 25 Jan 2025 | 8:44 PM

Sri Lankan government cancels power purchase agreement with Adani: Decision due to corruption allegations against Gautam Adani in US

**Sri Lanka cancels power purchase agreement with Adani Group** Sri Lanka has taken a major decision to cancel the Power Purchase Agreement (PPA) with the Adani Group. Under this agreement, it was planned to purchase electricity from a 484 MW wind power complex in the coastal areas of Mannar and Puneri in May 2024. ### **Details:** According to this agreement signed in 2024, the Adani Group was to make a significant contribution to the country's energy production by establishing wind energy projects in the coastal areas of Sri Lanka. However, the agreement related to this project has now been cancelled as per the order of the local government. ### **Sri Lankan government statement:** According to the Minister of the Sri Lankan Power Ministry, "This decision has been taken considering domestic and international reasons. We are analyzing other options in the country's energy sector." ### **Impact on Adani Group:** This decision is being considered a major economic setback for the Adani Group. Through this project, the company had aimed to increase its importance in the Sri Lankan energy sector. ### **Reasons for Disputes and Cancellation:** There are reports that the Sri Lankan government is under pressure to cancel the agreement due to local disputes and economic pressures related to this project. ### **Path Forward:** Sri Lanka is looking for new partners for this project or other options to increase energy production at the local level. ### **Summary:** The cancellation of this project by Adani Group and Sri Lanka could have major economic and political consequences for both parties. This decision could bring about significant changes in the wind energy sector for both countries.

Article published | Fri | 24 Jan 2025 | 8:29 PM

Gold crosses ₹80,000: Price of 10 grams reaches ₹80,142; may reach ₹85,000 by June

Gold at all-time high: Price of 10 grams reaches Rs 80,142 Gold has reached its all-time high today, January 22. According to data from the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has increased by Rs 689 to Rs 80,142. Earlier on Tuesday, the price of gold was Rs 79,453, which was among the highest prices at that time. Reasons for the increase in gold prices: International market moves: Gold prices have seen a surge due to increased demand for minerals globally and a decline in the value of the US dollar. Economic uncertainty: Investors are choosing gold as a safe investment due to the slowdown in the global economic situation and inflation in some countries. Increase in domestic demand: The demand for gold in the domestic market is increasing due to the wedding season and festival demand in India. Silver prices also surge: Like gold, silver prices have also seen an increase. The price of 1 kg of silver has risen by Rs 1,500 and is close to Rs 95,000. Favorable time for investment? Considering the global economic situation, gold is becoming a safe option for investment. According to experts, gold prices may increase further in the near future, but it is important to keep in mind the latest news and vision of the market before making a new purchase. These high prices provide important guidance for investors and consumers, especially for their financial planning.

Article published | Wed | 22 Jan 2025 | 7:52 PM

Bhaskar Khas: Despite many taxes in the stock market, why STT-CTT? Investors-stockbrokers demand abolition of taxes in the budget

Investment vehicles like equity-mutual funds, debt market are burdened with all kinds of taxes. There are securities transaction tax, GST, turnover charge imposed by the exchange, SEBI fees, brokerage of stock brokers, GST demat charges on brokerage on stock market trading, besides income tax, short and long term tax and the responsibility of paying such taxes is borne by small or big investors who trade or invest in the stock market on a daily basis. Due to such various types of tax liability, very few people, i.e. less than 7% of the total population, are stopping investment in the stock market. While in some countries this share is more than 40% of the total population. In such a situation, investors and stock brokers have demanded that STT and CTT be abolished in the next budget to increase the enthusiasm of investors in this segment in the country. If STT i.e. Securities Transaction Tax is abolished, the stock market will get a boost and small investors will turn to the stock market, as a result, the economic development of the country will get a boost. Earlier, STT i.e. Securities Transaction Tax was offset against income tax, i.e. it was set off. Experts say that this rule is correct. Now, the burden of paying STT, paying income tax and also bearing other trade-related expenses is on the stock market investors. At present, when foreign financial institutions are continuously withdrawing their investments from the Indian stock market and are investing in other countries. Then if the investors of India themselves are affected by the stock market, then the market may see a further decline. What will happen if there is a large redemption in mutual funds? In such a situation, it is very important to remove STT and CTT on commodities. Tax burden needs to be reduced to prevent recession Stock market expert Paresh Vaghani said that it will be very important to reduce tax liabilities to sustain the boom in the Indian market, especially in the primary market, and to save the secondary market from recession. The results of companies in the last two quarters are also not good. Foreign financial institutions are on net sales and are selling shares. There is also no news of any relief in interest rates. At such a stage, small investors, daily trading class and stock brokers are demanding that CTT and STT should be abolished. If there is positive news in the budget, there is a possibility of a boom If tax relief is announced in the budget, then the stock market can once again see a big boom. If any type of tax relief is given, then the stock market will see a big boom again. Investors and stock brokers are hoping for the upcoming budget.

Article published | Tue | 21 Jan 2025 | 10:34 AM

Trump effect in the stock market, Sensex rises 650 points, banking stocks register impressive rally

Donald Trump is going to take office as the President of America today. Due to which there has been an attractive rise in the stock market. Sensex has risen by 646.96 points due to the rise in banking shares. While Nifty reached 23376.50 with a rise of more than 150 points. Kotak Bank, which is included in the Sensex pack, has risen by more than 9 percent today. Bajaj Finance is trading up by 3.19 percent, NTPC by 2.79 percent, SBI by 2.44 percent. Volumes have also increased in HDFC Bank. Investors' capital has increased by 3 lakh crores. On the other hand, a cautious attitude was seen in IT shares. TCS was trading down by 0.74 percent, Tech Mahindra by 0.23 percent and Infosys by 0.15 percent.

Article published | Mon | 20 Jan 2025 | 9:00 PM

Arisinfra Solutions IPO to open on February 3: Investors can bid till February 5; Minimum investment ₹14,700

The initial public offering i.e. IPO of Arisinfra Solutions Limited will open on February 3. Investors will be able to bid for this issue till February 5. The company's shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on February 10. The company wants to raise a total of ₹600 crore through this issue. For this, Arisinfra Solutions will issue 2,85,71,428 new shares worth ₹600 crore. The existing investors or promoters of the company will not sell a single share through the Offer for Sale i.e. OFS. If you are also thinking of investing money in it, then we are telling you how much you can invest in it... What is the minimum and maximum amount that can be invested? Arisinfra Solutions has set the IPO price band at ₹200-₹210. Retail investors can bid for at least one lot i.e. 70 shares. If you apply for 1 lot at ₹210 at the upper price band of the IPO, you will have to invest ₹14,700. At the same time, retail investors can apply for a maximum of 13 lots i.e. 910 shares. For this, investors will have to invest ₹1,91,100 as per the upper price band. 10% reservation of issue for retail investors The company has reserved 75% of the IPO for Qualified Institutional Buyers (QIB). Apart from this, 10% shares are reserved for retail investors and the remaining 15% shares are reserved for non-institutional investors (NII). Arisinfra Solutions was established in 2021 Arisinfra Solutions Limited was established in 2021, which is a B2B company. The company helps construction and infrastructure companies in purchasing materials and finance management. The company's clients include Capacity Infraprojects Limited, J Kumar Infraprojects Limited, AFCONS Infrastructure Limited, EMS Limited, SP Singal Construction Private Limited, etc.

Article published | Mon | 20 Jan 2025 | 11:14 AM

Sensex closes at 77,042 with a gain of 318 points: Nifty also rises by 98 points, BSE Small Cap rises by 735 points

The Sensex closed at 77,042 today, i.e. on January 16, with an increase of 318 points. The Nifty also closed at 23,311, up 98 points. Similarly, the BSE Small Cap closed at 52,308, up 735 points. Out of 30 Sensex stocks, 20 rose and 10 fell. Out of 50 Nifty stocks, 33 rose and 17 fell. While one stock remained unchanged. In the NSE sectoral index, the PSU banking sector closed with the highest increase of 2.55%. Adani shares rocketed and created a stir Meanwhile, the impact of a news from America has been seen especially on the shares of billionaire Gautam Adani's companies. Yes, here the shuttering of US short seller Hindenburg was announced, while on the other hand Adani stocks were seen rocketing. Adani Green Energy shares rose by more than 4% today. Several companies including India's Adani Group and Icahn Enterprises lost billions of dollars due to the Hindenburg Research reports.

Article published | Thu | 16 Jan 2025 | 7:58 PM

There will be changes in tax slabs, possibility of exemption for senior citizens, many big announcements may be made in the budget

Finance Minister Nirmala Sitharaman will present the first full-term budget of Modi 3.0 (2025) on February 1. Taxpayers and the common people are expecting major reforms in income tax in this budget. Will any changes be announced to reduce the burden on the common man? Many expectations are being expressed about it. Let's know what special expectations the common man and taxpayers have from this budget... This year's budget is expected to focus on possible changes in tax slabs and introduction of reliefs. Moreover, more deductions are expected to be included in the old tax regime. Experts suggest that the government should consider increasing the deduction limit under Section 80TTA (Savings Account Interest) from Rs. 10,000 to Rs. 20,000. Under Section 80TTB, it has been recommended to increase the deduction limit for senior citizens to Rs. 1 lakh, which is currently Rs. 50,000 (for fixed deposit interest). Deduction for Savings Interest Section 80TTA of the Income Tax Act, 1961, provides a deduction of up to Rs. 10,000 to individuals and Hindu Undivided Families (HUFs) on interest income received in savings accounts with banks, cooperative banks or post offices. This deduction is applicable to individuals below the age of 60 years and HUFs. However, it is not applicable to interest earned from fixed deposits or recurring deposits (RDs).

Article published | Wed | 15 Jan 2025 | 9:03 PM

Sensex closed at 76,724 with a gain of 224 points: Nifty also rose by 37 points, realty sector saw the highest rise

Today, i.e. on January 15, the Sensex closed at 76,724 with a gain of 224 points. The Nifty also closed at 23,213, up 37 points. Out of 30 Sensex stocks, 18 advanced and 12 declined. Out of 50 Nifty stocks, 27 advanced and 23 declined. While one stock closed unchanged. In the NSE sectoral index, the realty sector was the top gainer, rising 1.39%.

Article published | Wed | 15 Jan 2025 | 8:44 PM

Retail inflation falls to 5.22 percent in December 2024: Four-month low

- Prices of vegetables and other food items fall - Retail inflation was 5.48 percent in November, 2024: RBI likely to cut interest rates Retail inflation in December fell to 5.22 percent, the lowest in the last four months, government data released today said. The fall in retail inflation is likely to lead to a cut in key interest rates by the Reserve Bank of India (RBI) in its monetary policy review. The repo rate has been stable at 6.50 percent for the last two years. The National Statistics Office (NSO) had released the retail inflation figures for December, 2024 based on the Consumer Price Index (CPI). Retail inflation has declined for the second consecutive month. Earlier, retail inflation was 5.48 percent in November, 2024. Retail inflation in November 2023 was 5.69 percent. It is worth noting that retail inflation in October 2024 was 6.21. Which was higher than the RBI target. NSO said that there has been a significant decline in the prices of vegetables, pulses, sugar and cereals in December 2024. NSO collects prices from 1114 selected urban markets and 1181 villages of all states and union territories on a weekly basis.

Article published | Tue | 14 Jan 2025 | 8:39 PM

Ate corn in Kohli's restaurant...had to pay half price: Paid Rs 525 for a corn dish; Hyderabad student uploads photo and goes viral

Team India cricketer Virat Kohli is earning crores of rupees from cricket, but he also earns a lot from brand endorsements, investments and social media. Not only this, he also has a restaurant chain called One8 Commune, which is currently going viral on social media. In fact, in this restaurant of Virat Kohli in Hyderabad, a student ordered corn and had to pay Rs 525 for it. After this, she posted about expensive food and drinks in the restaurant on X, which is becoming more and more viral and users are giving their reactions on it. Let's know what the whole matter is... Student from Hyderabad shares the post According to a report published in Business Today, a student named Sneha posted on social media about Virat Kohli's Hyderabad-based restaurant and claimed that she had paid Rs 525 for a corn starter. The student also shared a photo of himself, in which the corn is kept on a plate and decorated with coriander and lemon. The student had ordered this from Virat Kohli's restaurant. Along with this photo, he wrote, 'I paid Rs 525 for this today on One8 Commune.' Along with this caption, the student also shared a crying emoji. Usually such corn is available in the local market for Rs 20 to 50, but the student paid 10 to 12 times more for it.

Article published | Tue | 14 Jan 2025 | 8:30 PM

Crude oil surges to $80, three-month high; rupee loses 86 mark in private trade

**Crude Oil Prices Surge to $80; Rupee Weakens Beyond ₹86 in Private Trade** Crude oil prices have surged to $80 per barrel, reaching a three-month high amidst global supply concerns and increased demand in major economies. The significant rise in oil prices is attributed to production cuts by OPEC+ nations and stronger-than-expected economic activity in China and the United States. Analysts suggest that tightening supply conditions and geopolitical uncertainties are further fueling the price hike. The spike in oil prices is expected to have wide-reaching implications for global markets, particularly for India, a major importer of crude oil. Higher crude oil costs are likely to impact inflation, increase fuel prices, and exert pressure on government finances due to the elevated subsidy burden. Simultaneously, the Indian rupee has weakened beyond the ₹86 mark in private trade, marking a notable decline against the U.S. dollar. The weakening rupee is largely attributed to rising oil import bills and sustained foreign outflows from Indian equities. Traders are also cautious due to concerns over potential interest rate hikes by the U.S. Federal Reserve. Economists warn that if crude oil prices remain elevated and the rupee continues to weaken, it could strain India’s current account deficit and overall economic stability in the near term.

Article published | Sun | 12 Jan 2025 | 10:06 AM

People in Japan work 40 hours, overtime pay in the US: Know what are the rules in countries around the world

After a long period of slavery, there were many labor movements all over the world. Then some laws were made for the workers and working hours were fixed. Decisions were taken regarding the mental and physical health of the workers. During this, Infosys co-founder Narayana Murthy said that in India, people should work 70 hours a week, while Larsen & Toubro (L&T) chairman S.N. Subramanian said that people should work 90 hours and should work on weekends too. Infosys co-founder Narayana Murthy said, 'India's youth will have to work very hard to move ahead of a country like China. 8 hours of work per day in China According to China's labor law, only 8 hours can be made to work from any person in a day. No more than 40 hours can be worked in a whole week. If in any situation more work has to be done, the company will have to pay overtime money separately. Japan has a 44-hour work week In Japan, people cannot work more than 40 hours a week or 8 hours a day. This does not include rest time. Some businesses are allowed to work 44 hours a week and a maximum of 8 hours a day. These businesses include retail and beauty, cinema and theater, health and hygiene related businesses, as well as restaurants and entertainment businesses with fewer than 10 regular employees. Instead of working 1 hour in the US, you get a 10-minute break In most states in the US, you can take a 10-minute break after an hour of work. Employees get at least one day off a week. How much do people work in India? According to the Factories Act 1948 in India, companies have to pay the minimum wage set by the government. In addition, only 48 hours can be worked in a week. Its duration can be a maximum of 9 hours per day and includes a 1-hour break. However, overtime is paid at double the regular wage. Dr. Ambedkar laid the foundation for the policy of 8 hours of work per day. On 27th November 1942, at the seventh session of the Indian Labour Council in New Delhi, Dr. Ambedkar changed the working hours from 12 hours to 8 hours.

Article published | Sat | 11 Jan 2025 | 6:41 PM

Sector Report: Rupee hits record low of 86 against dollar, airlines' expenses rise 10 percent in a year

Airlines may increase fares if rupee depreciation against dollar persists Air travel may become expensive due to the depreciation of the rupee against the dollar. In fact, airlines have to spend more than half of their expenses in dollars. They now have to pay more rupees to buy dollars. Due to which some expenses have increased by up to 10% in the last one year. These include expenses like leased plane rent, maintenance costs, insurance. According to airlines, if the rupee depreciation does not stop, then the fares will increase. On Friday, the rupee fell by 10 paise to close at a record low of 85.96. However, it reached a low of 86 intra-day. According to an airline official, due to the weakening of the rupee, leasing costs have increased by 8% during the year. Along with this, insurance costs have increased by 10% and maintenance and other costs by 5%. This is also increasing the loss. According to rating agency ICRA, the loss of the Indian aviation industry is estimated to be 2-3 thousand crores in the current financial year 2024-25, i.e. by March this year. According to PWC, about 80% of the aircraft in India's commercial fleet are on lease. At the international level, this average is 53%. If we exclude the old aircraft of Air India, then the maximum number of aircraft of all airlines are on lease. This figure reaches 90-95%. Monthly rent of aircraft Rs. 9.5 crore, may increase further The country's airlines pay rent of up to Rs. 3.9 crore every month for small aircraft. While the monthly rent of large aircraft is about Rs. 9.5 crore. This cost is continuously increasing due to the weakening of the rupee. Airlines IndiGo's aircraft, engine leasing costs increased 4 times The country's largest airline IndiGo paid Rs 195.6 crore for aircraft and engines in the July-September quarter of 2023-24. It had increased nearly four times to Rs 763.6 crore in the same period of 2024-25. Domestics-Inter. likely to grow by 20% India is the world's third largest and fastest growing aviation market. Domestic air traffic is expected to grow by 7-10% annually to reach 16.4 to 17 crore passengers in the current financial year.

Article published | Sat | 11 Jan 2025 | 9:50 AM

Gold rises by ₹290 to ₹77,908 per 10 grams: Silver prices rise by ₹169 to ₹89,969 per kg

Gold prices are witnessing an increase on Monday (January 10). According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24-carat gold has increased by Rs 290 to Rs 77,908. On Thursday, its price was Rs 77,618 per ten grams. At the same time, the price of one kg of silver has increased by Rs 169 to Rs 89,969 per kg. Earlier on Thursday, the price of silver was Rs 89,800 per kg. On October 30 last year, gold had made an all-time high of Rs 79,681 per 10 grams. At the same time, silver reached Rs 99,151 per kg on October 23, 2024. Gold has increased by more than Rs 1,325 so far this year According to IBJA, the price of gold has increased by Rs 1,325 so far this year. At the same time, the price of silver has increased by Rs 3,914. On January 1, gold was Rs 76,583 per 10 grams, which has now reached Rs 77,908 per 10 grams. At the same time, the price of one kg of silver has increased from Rs 86,055 per kg to Rs 89,969 per kg.

Article published | Fri | 10 Jan 2025 | 5:49 PM

Sensex falls 528 points to close at 77,620: Nifty also falls 162 points, BSE Smallcap falls 640 points

Today, i.e. on January 9, the Sensex closed at 77,620 with a decline of 528 points. The Nifty also closed at 23,526, down 162 points. At the same time, the BSE Smallcap closed at 54,021, down 640 points. Out of 30 Sensex stocks, 21 stocks fell and 9 stocks gained. Out of 50 Nifty stocks, 34 stocks fell and 16 stocks gained. While, one stock remained unchanged. Among the NSE sectoral indices, the realty sector fell the most by 2.73%.

Article published | Thu | 09 Jan 2025 | 6:50 PM

Sensex falls 1258 points to close at 77,964: Nifty also falls 388 points, public sector bank shares saw the highest selling

On the first trading day of the week, January 6, the Sensex closed at 77,964 with a decline of 1258 points. The Nifty also closed at 23,616, down 388 points. At the same time, the BSE Smallcap closed at 54,337, down 1778 points. Out of 30 Sensex stocks, 27 fell and 3 gained. Out of 50 Nifty stocks, 43 fell and 7 gained. While one stock closed unchanged. All sectors in the NSE sectoral index closed with a decline. PSU banks closed with a maximum decline of 4.00%. Along with this, realty fell by 3.16%, metal by 3.14%, media by 2.71% and auto by 2.18%.

Article published | Mon | 06 Jan 2025 | 7:03 PM

Salaried employees to submit proof of tax investment by January 15th: If you fail to do so, money may be deducted from your salary, know what are the rules

If you are a salaried employee and you have invested in a tax saving scheme to save tax. Or if you have taken a loan for a house, then submit the proof of it to the finance department of your office as soon as possible. Most companies in the country have given their employees a deadline of January 15 to submit proof of tax saving investments. Why do companies ask for proof? Actually, companies deduct TDS from the salary of employees every month. At the beginning of every financial year, the employee tells his company in which schemes he is investing or going to invest to save tax. Accordingly, the companies deduct tax from their salary. In January, companies ask for proof of investment. Based on this, the employee's tax for the entire financial year is calculated. After that, the companies deduct the money from the salary accordingly and deposit it with the Income Tax Department before the end of the financial year i.e. by March 31. What happens if the proof is not submitted? If you do not submit proof of tax-saving investment before the deadline set by the company and you fall under the income tax bracket, money can be deducted from your salary. This money will be deducted from the salary for January, February and March. So if you do not want to deduct more than the salary, submit proof of tax-saving investment before the deadline.

Article published | Sun | 05 Jan 2025 | 1:46 PM

Sensex falls 720 points to close at 79,223: Nifty also falls 183 points, highest selling was in IT sector

Today, January 3, the last trading day of the week, the Sensex closed at 79,223 with a decline of 720 points. The Nifty also closed at 24,004, down 183 points. Out of 30 Sensex stocks, 20 fell and 10 gained. Out of 50 Nifty stocks, 32 fell and 18 gained. In the NSE sectoral index, the IT sector closed with the biggest decline of 1.41%. At the same time, banking, pharma, healthcare and financial services closed with a decline of more than 1%. While the Nifty Oil & Gas sector rose by 1.26% and the media sector by 1.70%. Foreign investors bought shares worth ₹1,506.75 crore HDFC Bank, ICICI Bank, TCS and Zomato were the biggest losers in the market. While Reliance, Tata Motors and Hindustan Unilever tried to pull the Sensex higher. In Asian markets, Japan's Nikkei rose 0.96% and Korea's Kospi rose 1.79%. At the same time, China's Shanghai Composite Index closed down 1.57%. The IPOs of Quadrant Future Tech Ltd and Capital Infra Trust Invit will open on January 7. Investors will be able to bid for it till January 9. These shares will be listed on BSE-NSE on January 14. According to NSE data, on January 2, foreign investors (FIIs) bought shares worth ₹1,506.75 crore. During this period, domestic investors (DIIs) also bought shares worth ₹22.14 crore. On January 2, the US Dow Jones closed at 42,392, down 0.36%. The S&P 500 index fell 0.22% to 5,868 and the Nasdaq fell 0.16% to 19,280. Standard Glass Lining Technology's IPO to open on January 6 Standard Glass Lining Technology Private Limited's IPO will open on January 6. Investors will be able to bid for it till January 8. The company's shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on January 13.

Article published | Fri | 03 Jan 2025 | 8:52 PM

Gold plunges by Rs. 800, silver by Rs. 2000 Global gold plunges to $2600 Silver loses $30 level

Gold and Silver Prices Witness Sharp Decline Amid Global Trends The prices of gold and silver have experienced a significant dip in the Indian market, reflecting the global downward trend in precious metals. On Tuesday, gold prices dropped by ₹800 per 10 grams, while silver prices witnessed a steep decline of ₹2,000 per kilogram. The global gold market also saw a sharp plunge, with gold trading at $2,600 per ounce and silver following a similar trajectory. Domestic Price Movements In the domestic market, 24 carat gold now stands at ₹57,200 per 10 grams, down from ₹58,000 recorded the previous day. Meanwhile, silver, which had been hovering at ₹70,000 per kilogram, has fallen to ₹68,000. This sharp correction is attributed to fluctuating international market dynamics and a strengthening US dollar. Reasons for the Decline The global gold and silver markets are witnessing volatility due to expectations of a possible interest rate hike by the US Federal Reserve. A stronger dollar makes gold less attractive for investors holding other currencies, leading to reduced demand. Additionally, silver prices are affected by concerns over slowing industrial demand, as it is widely used in electronics and solar energy sectors. Impact on Investors For Indian investors, this decline presents an opportunity to buy gold and silver at relatively lower prices. However, analysts advise caution, as the markets remain volatile. Long term investors may consider this a favorable time to accumulate precious metals, while short term traders should watch for further market signals. Future Outlook Experts predict that gold and silver prices may stabilize once the Federal Reserve policy decisions become clearer. Until then, the market is likely to remain influenced by global economic data, currency fluctuations, and industrial demand trends. Investors are advised to stay updated on these developments to make informed decisions.

Article published | Fri | 20 Dec 2024 | 9:08 PM

Bhaskar Interview: Only 10% of people in India pay income tax, says economist Piketty

Renowned economist Thomas Piketty told Bhaskar in an interview that only 10% of people in India pay income tax, which shows the serious state of economic inequality in the country. He said that to deal with this problem, it is very necessary to increase taxes on the rich. Piketty suggested that a 2% wealth tax be imposed on those whose property and assets are more than ₹100 crore and a 33% tax on inherited property of the same value. According to this proposal, India annual economic income could increase by 2.7% of GDP. Piketty added that the income contribution of the top 1% of the country richest people is now more than that of the US and Brazil, which increases economic progress, but this is not fair to the common people. Economic advisors in India have expressed concerns over Piketty proposal. According to them, such a tax could increase the possibility of financial capital flowing out of the country. Finance Minister Nirmala Sitharaman said that income tax or inheritance tax would be a burden on the average middle class, which is not in line with Indias views. Piketty said that it is not fair to tax the middle class more while not taxing the top rich. He called on the government to come up with effective policies to prevent economic information and chaos. The discussion highlights the need for Indias tax reform, which could prove to be a major step towards economic equality.

Article published | Fri | 20 Dec 2024 | 1:37 PM

Honda and Nissan Motors may merge: Companies want to come together and compete with Toyota, Nissan shares rise 24%

Honda Motor Co. and Nissan Motor Co. are reportedly in discussions about a potential merger, which could significantly alter the automotive industry s competitive landscape. The two Japanese automakers aim to join forces to rival industry giant Toyota Motor Corp. leveraging their combined resources, technologies, and market presence to enhance their competitiveness in the global market. This strategic move comes at a time when the automotive industry is rapidly transitioning toward electric vehicles EVs and autonomous driving technologies, requiring significant investments in research and development. By merging, Honda and Nissan could pool their expertise and resources to accelerate innovation and cut costs, thereby strengthening their market position. The announcement of potential merger talks has already influenced the stock market, with Nissan s shares surging by 24%. This indicates strong investor confidence in the synergies and growth opportunities that such a collaboration could unlock. While details of the merger remain speculative, this development highlights the increasing trend of consolidation in the automotive sector as companies seek to tackle challenges like stringent environmental regulations and intensifying global competition. If finalized, the merger would mark a historic shift in the industry, positioning Honda and Nissan as a formidable competitor against Toyota and other global automakers.

Article published | Wed | 18 Dec 2024 | 8:31 PM

Gold price drops by ₹324: Silver price also drops by Rs. 514 to Rs. 89,001; Gold and silver have become 21% more expensive this year

The price of gold and silver is seeing a significant decline due to the rise in the dollar index and expectations of reduced interest rates in the Federal Reserve policy meeting. Today December 17 the price of 24-carat gold has dropped by Rs 324 to Rs 76584 for 10 grams as per the India Bullion and Jewelers Association IBJA. Similarly the price of silver has decreased by Rs 514 bringing it to Rs 89001 per kg. This is a notable drop compared to its all-time high in October when silver was Rs 99151 per kg. Gold prices vary by purity and city. For instance in Mumbai the price for 10 grams of 22-carat gold is Rs 71500 while 24-carat gold is Rs 78000. Prices in Delhi Kolkata and Chennai are similar reflecting minor regional differences. Over the year gold prices have risen by 20.88 percent with 10 grams of 24-carat gold increasing from Rs 63352 on January 1 to the current price. Silver has also become 21.26 percent more expensive during this time. Ajay Kedia from Kedia Advisory predicts a potential increase in gold prices reaching Rs 85000 per 10 grams by June 2025 driven by increased purchases of gold ETFs following global interest rate cuts. When buying gold customers should focus on hallmark certification weight accuracy and price verification across sources for authenticity and fair valuation.

Article published | Tue | 17 Dec 2024 | 9:06 PM

Nifty Futures to remain bullish above 24808 points: With the NAV game starting, the rally in stocks may intensify before Christmas vacation

Nifty Future is trading at 24808 points today, indicating a rally in the market. The main reason for this rally is the stability in economic measures and monetary policy, which are proving to be favorable factors for investors. The possibilities of additional appreciation in stocks are increasing before the Christmas vacation, which can make the market stronger. NAV (Net Asset Value) based investment criteria are proving to be more effective, as the market focuses on stocks with good fundamentals. Market sentiment is positive due to Christmas and New Year programs, which work to increase confidence among investors. This is a sign for investors in the coming days that by planning carefully, one can take advantage of opportunities for absolute appreciation. If this rally continues, Nifty can cross stronger levels, which can prove important for short-term as well as long-term investments. It is important that stability in the economy at the global level and the possibility of increased spending due to Christmas celebrations can bring a rally in the market. All these factors indicate a strong market position for investors.

Article published | Tue | 17 Dec 2024 | 8:57 PM