Government officials have reported that the EPFO has seen a significant increase of about 6.2 crore members in the last 6 years, with 19 lakh new registrations in May 2024 alone. Discussions are underway to enhance employment opportunities by engaging with industry stakeholders. Plans include raising the minimum EPFO pension and implementing new labor laws.
The Uttar Pradesh Assembly is on Tuesday scheduled to take up for consideration and passing a bill that seeks to amend the Unlawful Conversion of Religion Act to increase the maximum punishment to life imprisonment and fine of Rs 5 lakh for violators. Under the amended provisions of the Uttar Pradesh Prohibition of Unlawful Conversion of Religion Bill, 2024, if a person threatens, attacks, marries or promises to marry or conspires for it, or traffics a woman, minor or anyone with the intention of conversion... Читать дальше...
India has experienced numerous train derailments and passenger trains in the last six weeks, with the Odisha rail tragedy last year causing over 290 deaths. The recent incidents, including the Howrah-Mumbai Mail accident near Barabamboo in Jharkhand, have left two dead and over 20 injured. The toll of these accidents in June and July has risen to nearly 17, leaving more than 100 injured.
On Tuesday, Prime Minister Narendra Modi assured Kerala Chief Minister Pinarayi Vijayan of full support from the central government following severe landslides in Wayanad caused by heavy rainfall. The landslides, which occurred early in the morning, resulted in at least four deaths and numerous injuries.
In the Nifty200 pack, nine stocks reached a 5-year swing high at the close on July 29, indicating bullish trends, according to StockEdge.com's technical scan data.
The Uttar Pradesh government on Monday introduced the UP Prohibition of Unlawful Religious Conversion (Amendment) Bill in the Assembly, under which there will be life imprisonment for 'love jihad' in UP.
Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 516145.48 Crore) operating in Construction sector.
IPO News: Akums Drugs and Pharmaceuticals' IPO, valued at Rs 1,857 crore, closed on August 1. The issue included Rs 680 crore in fresh shares and an offer for sale of 1.73 crore shares. Analysts recommended investors subscribe, citing the company's established market presence and variety of clients as key strengths.
Jharkhand Train Accident: India witnessed another tragic train accident as 18 coaches of the Mumbai-Howrah Mail derailed near Chakradharpur, Jharkhand, resulting in casualties. Two individuals have lost their lives, and 20 others sustained injuries. Rescue operations are underway. The incident caused the cancellation and regulation of several train services, impacting travel schedules in the region.
IDFC First Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 56548.61 Crore).
Recent tax changes in the Union Budget have increased capital gains tax rates, complicating the task for PMS fund managers to generate higher post-tax returns compared to mutual funds. Despite a historical trend of outperforming mutual funds, PMS schemes now require higher annual returns to stay competitive. Long-term strategies are less impacted, while short-term focused approaches suffer.
According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more.
Ahead of the two-day US Fed meeting starting tonight, the domestic stock market began Tuesday's session on a flat note, with the Nifty index struggling to surpass the 25,000 mark.
Sumitomo Chemical India Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 26641.90 Crore) operating in Pesticides/Agro Chemicals sector.
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 853278.57 Crore).
The southwest monsoon intensified, bringing heavy rains and mudslides to Kerala, particularly affecting Wayanad and Kozhikode. Fatalities and severe damage were reported, prompting authorities to declare school holidays in some districts. The IMD forecasts more heavy rain and strong winds in the coming days, urging caution across the state.
On July 29, four stocks in the Nifty500 pack closed above their 200 DMA (Daily Moving Average), according to StockEdge.com's technical scan data.
SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 174945.43 Crore) operating in Financial Services sector.
August futures ended flat on Monday, with cumulative Open Interest up 0.63%. FIIs sold Rs 2,474.54 crore in shares, while DIIs bought Rs 5,665.54 crore. FIIs' long-to-short ratio for index futures is 65.38.
Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 18174.62 Crore) operating in Gas & Petroleum sector.
UBS downgraded BEL to Neutral but raised the target price to Rs 340. They see positives factored into the stock, leaving little room for surprises, but remain cautiously optimistic about earnings and growth.
Jubilant Ingrevia Ltd., incorporated in the year 2019, is a Small Cap company (having a market cap of Rs 9665.98 Crore) operating in Chemicals sector.
At Intel, where he will join on August 12, the Indian-born executive will also serve as the executive vice president and general manager of the Intel Foundry Manufacturing and Supply Chain.
Mahindra & Mahindra’s stock, after peaking in June, dipped but found support near its 50-day EMA at 2687 and started rising again. Presently, it faces resistance around 2,980 levels. Analyst Deven Mehata advises that surpassing this resistance could push the stock to 3020, recommending a Bull Call Spread strategy to capitalize on potential rises.
Haiti'as the troubled nation seeks to restore stability after months of gang related violence. The hospital building was under gang control from the end of February until early July, when a police operation succeeded in taking it back.
