The Employees’ Provident Fund Organisation (EPFO) plays a crucial role in managing provident fund accounts and claim processes for millions of employees in India. However, with a combined rejection and return ratio of 21.59% reported as of November 26, claimants often face hurdles during the process. Here’s an overview of why claims may be rejected …
In an unexpected move, the Reserve Bank of India (RBI) announced a 14-day Variable Rate Reverse Repo (VRRR) auction to withdraw Rs 25,000 crore of liquidity from the banking system. This decision comes as the banking sector grappled with a liquidity deficit earlier this week, driven by hefty Goods and Services Tax (GST) payments and …
On November 29, 2024, both the BSE Sensex and Nifty 50 closed higher. The BSE Sensex closed at 79,802.79, up by 759.05 points or 0.96%. Similarly, the Nifty50 also closed at 24,131.10, up by 216.95 points or 0.91%. Sectoral Performance Nifty Pharma and Nifty Healthcare Index were the most gaining sectors with a rise of 2.35% and 2.04%, respectively. …
Mirae Asset Financial Group has successfully acquired Sharekhan in a landmark deal. This strategic move combines Mirae Asset’s global resources with Sharekhan’s well-established market presence, setting the stage for significant growth in India’s retail broking sector. A Strategic Step Forward The acquisition is part of Mirae Asset’s vision to cement its position in India’s retail …
The December Futures & Options (F&O) series kicks off with Friday’s trading session. The Nifty index experienced a decline of 300 points in the November series, marking its 2nd consecutive negative F&O series. This follows a steep 2,000-point drop in the October series, which came after gains of 1,064 points in September and 746 points …
On November 29, 2024, at 07:57 AM, the GIFT Nifty futures were trading almost flat at 24,141.50, 7.50 points lower indicating a muted start. Before the market opens, check out a few stocks that will be in focus during the trading session. Reliance Industries Reliance Industries recently announced that its step-down subsidiary, Reliance Finance, and Investments …
The Securities and Exchange Board of India (SEBI) has rolled out new measures to ensure trading continuity during technical outages at stock exchanges. The initiative has been taken to reduce disruptions and safeguard investor interests during unforeseen technical issues by designating the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) as alternative trading venues …
As India’s equity market continues to thrive, driven by corporate earnings and market optimism, equity mutual funds have become an attractive investment avenue. With the market exhibiting resilience and growth potential, particularly in key sectors like technology, banking, and consumer goods, equity funds have seen substantial capital appreciation. In this article, we will explore the …
Thursday, November 28, 2024, was a challenging trading day for Indian stock markets. The Sensex plummeted by over 1000 points, while the Nifty50 breached its psychological level of 24,000, closing 361 points lower. This sharp correction marked a significant setback for frontline indices, which had shown resilience earlier in the week. F&O Expiry Triggers a …
In recent months, banks in India have tightened their approach to credit card issuance, significantly reducing the number of new cards being added. October saw a stark decline in numbers, with banks issuing just 0.79 million credit cards, compared to 1.69 million during the same period last year. While some banks like HDFC Bank and SBI Card …
