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Multibagger Stock: This power stock has been making a splash for a year, it has increased the money not one or two but five times

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Highlights GE T&D India share is a multibagger stock. So far in the year 2024, this stock has given 225 percent return. The company’s revenue increased by 33.55% to Rs 958 crore in the first quarter. New Delhi. After the boom in the stock market in the last few years, investors now have a new question as to where to invest their profits. Almost every sector has given returns. Therefore, now there is more search for such a sector where the right stock can still be found at the right price. If you are also looking for such a profitable sector, then you should invest money in the power sector. BSE POWER Index has increased by 86 percent in the last one year and many stocks of this sector are growing rapidly. Power sector stock, GE T&D India Limited, has made investors rich in just one year and has given a return of about 400 percent in just 12 months. Even on the last trading session i.e. Friday, this multibagger stock closed with an upper circuit of 5 percent. GE T&D India Limited is the India-listed unit of GE’s Grid Solutions business. The company has recently announced the results for the first quarter of FY25. The company’s revenue and profits have seen a significant increase in the first quarter. The company’s revenue grew by 33.55% to Rs 958 crore. At the same time, the operating profit stood at Rs 182 crore, which is much higher than the same quarter last year. The company’s net profit also stood at Rs 135 crore in the first quarter, which is 380 percent higher on an annual basis. Also read- What is arbitrage fund, in which big people are continuously investing money, know everything from returns to risk Gave multibagger returns in one year GE T&D India Limited stock has given multibagger returns to investors in the last one year. A year ago, the price of this stock was Rs 350.25, which has now increased to Rs 1719.35. That is, the money has increased five times in just 12 months. If an investor had invested one lakh rupees in this multibagger stock a year ago and had maintained the investment till now, then today he would be getting Rs 491,142. In the last six months itself, the price of this stock has jumped by 97 percent. Whereas in the year 2024, till now GE T&D India Limited stock has given 225 percent return to the investors. Why is the power sector attractive? Strong Growth: The demand for electricity in India is continuously increasing. Government support: The government is promoting investment in the power sector. New technology: The growing interest in renewable energy is creating new opportunities in this sector. (Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. News18 Hindi will not be responsible for any loss you may incur.) Tags: Business news, Money Making Tips, Multibagger stock, Stock Market FIRST PUBLISHED : August 24, 2024, 15:08 IST Source link

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Learned to make Bhujia from grandfather, left school and jumped into business and built a company worth ₹ 21 thousand crores in 40 years

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Highlights Bikaji is India’s 3rd largest traditional snack manufacturing company. Shivratan launched the Bikaji brand in the 1980s. Today his brother sells snacks and other products under the name Haldiram. New Delhi. Bikaji Foods International has acquired a 55 per cent equity stake in Ujjain-based Ariba Foods. This acquisition will help Bikaji to increase its frozen food production capabilities and expand its presence in the market. Bikaji’s market capitalization is currently Rs 21,380.13 crore. The Bikaji brand was started by Shivratan Agarwal in the year 1980. Initially, he used to make only Bhujia, which was his family’s ancestral work. The Bhujia business was started by Shivratan’s grandfather Gangabhishan Haldiram Agarwal in Bikaner, Rajasthan in the year 1940. After Shivratan’s grandfather, his father Moolchand Agarwal took over the business. He used to sell his products under the brand name Haldiram Bhujiawala. Moolchand Agarwal had four sons, Shivkishan Agarwal, Manohar Lal Agarwal, Madhu Agarwal and Shivratan Agarwal. Shivkishan, Manoharlal and Madhu together started a new brand of Bhujia and named it after their grandfather – ‘Haldiram’. But Shivratan Agarwal, instead of doing business with the three brothers, started a new brand in 1980 and named it Bikaji. Also read- Watch worth 72 lakhs, car worth 2.25 crores and house worth 5 crores, Shikhar Dhawan plays with money Shivratan has studied only till eighth standard Shivratan Agarwal had learnt the art of making Bhujia from his grandfather. He was more interested in business than studies. This was the reason that after passing the eighth grade, he left school and jumped into his family business. He helped his father for a few years. After separating from his brothers, he progressed a lot with his hard work and intelligence. The first person to make Bhujia using a machine Shivratan Agarwal was the first person to make Bhujia using a machine in India. Earlier, Bhujia was made by hand in India. He set up a factory in Bikaner to make Bhujia and started making Bhujia using machines. Bikaji, human hands are not used anywhere in making Bhujia. Made it the third largest snacks manufacturing company In 40 years, he made Bikaji India’s third largest traditional snack manufacturer. Shivratan Agarwal’s net worth today is $1.9 billion. Today, Bikaji manufactures more than 250 products. The products manufactured by them include western snacks and frozen items and today Bikaji’s products are available in more than 8 lakh shops across the country. Bikaji was awarded the National Award for Industrial Excellence in 1992. Tags: Business news, Success Story, Successful business leaders FIRST PUBLISHED : August 24, 2024, 11:28 IST Source link

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Amazon India took a big decision before the festive season, now this fee will be deducted

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The festive season has now begun in India. Amazon India has taken a big decision in view of this. Amazon India on Saturday announced a reduction in selling fees by up to 12 percent across various product categories on the marketplace ahead of the festive season.   Amazon India has also issued a statement regarding the fee reduction. Amazon India said that the fee has been reduced which will be effective from September 9. This decision will enable sellers to expand their product portfolio on the platform and promote growth.   The company said, “These changes will allow sellers on Amazon India to benefit from a reduction in selling fees by 3-12 percent across various product categories.” The statement said that the new rate card will especially benefit sellers selling products priced below Rs 500.   Amit Nanda, Director, Selling Partner Services, Amazon India, said, “At Amazon, weWe invest in supporting businesses of all sizes, from small and medium businesses to emerging entrepreneurs and established brands. The fee reduction is directly in response to the feedback we have received from our sellers, especially small businesses.” The company said that although the timing of the fee reduction is in line with the festive season, these changes are not a temporary measure.   The fee reduction will allow sellers to optimize their operations during the Diwali shopping season and even after the festivals. “Sellers, especially those selling affordable products, will experience a significant reduction in fees on Amazon. This will give them an opportunity to reinvest in their business to grow faster,” Nanda said. Source link

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Vistara-Air India Merger: Final approval from FDI soon, final merger may happen after Diwali

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The merger of Vistara Airlines with Air India has come a long way. Now this merger is ready to move forward with the final approval for Foreign Direct Investment (FDI) from Singapore Airlines (SIA).   This approval will allow Singapore Airlines, which held a 49% stake in Vistara, to acquire a 25.1% stake in the merged airline by investing ₹2,059 crore. The Tata Group will hold the remaining 74.9% stake in Air India. According to a Times of India report, all the necessary approvals from regulatory bodies, including the Competition Commission of India and the Directorate General of Civil Aviation, are already in place.   After the government’s FDI clearance, the merged entity is expected to announce the timelines for the merger to passengers, especially those who have booked tickets on Vistara flights after the merger date. These passengers will be informed about the new Air India flight numbers and timings.   Sources told TOI’s Saurabh Sinha that the merger is likely to happen after Diwali, around November 1, to avoid potential disruptions during the peak festive travel season. The period between after Diwali and the onset of winter fog, which usually begins around December 20, is considered an ideal one for mergers. This timing will allow the airline to address any initial merger-related issues before the complications of the winter season set in.   Vistara’s fleet of 70 aircraft will continue to operate under their current livery until they undergo heavy maintenance checks, at which point they will be repainted into Air India’s new livery. Sources suggest that grounding aircraft for complete repaint is not practical, especially since Vistara’s aircraft offer a better cabin product than Air India’s older planes.   The merger process has already seen some major developments, including the transfer of Vistara’s frequent flyer miles to Air India’s loyalty program and the relocation of many Vistara employees to Air India’s new headquarters in Gurgaon. Concerns had been raised about possible downgrades of Vistara passengers, such as those booked in business or premium economy classes, being moved to economy on Air India flights due to limited availability in those classes. However, sources have assured that such incidents will be rare.   Initially, Air India’s management had considered delaying the merger until its fleet was upgraded, maintaining Vistara as a premium product carrier in the meantime. However, this plan was abandoned amid growing concerns from Vistara employees about key positions in the merged airline being filled by Air India executives. As a result, the merger is now set to go ahead before the end of this year, even as Air India’s sweeping transformation remains a work in progress. Source link

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you have sent money from upi to wrong account you can complain like this

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ANI Image Many times people make payments on the wrong UPI ID. In such a situation, it is important that there is no need to panic if such a mistake occurs, rather this mistake can be corrected. In view of such mistakes, the Reserve Bank of India has issued some guidelines regarding UPI. Sending money through Unified Payments Interface (UPI) has become quite common and easy in the country. UPI has spread in the country like a revolution, due to which the habits of financial transactions have changed a lot. Now sending money several kilometers away has become a matter of just a few seconds. However, in this method of sending money with just one click, people sometimes make mistakes. Many times people make payments on the wrong UPI ID. In such a situation, it is important that there is no need to panic if such a mistake occurs, rather this mistake can be corrected. In view of such mistakes, the Reserve Bank of India has issued some guidelines regarding UPI. Through this, if a user transfers money to a wrong UPI ID, then the user can get his money back within 24 to 48 hours. Especially in those cases when the bank of the sender and receiver is the same. If the banks of both are different then the refund may take a little longer. For information, let us tell you that if money has been transferred to the wrong user ID, then the person to whom the money has been sent by mistake should be contacted. Money can be demanded back from the recipient by sending the transaction details. On the other hand, in case of wrong payment through UPI transaction, there is a customer care number on UPI as well. This number can also be contacted and information about the transaction can be given. Apart from this, one should contact by calling on toll free number 18001201740 and complaint can be made. Let us tell you that these days many apps are available, through which payment is possible. In such a situation, complaint can also be made by contacting the customer care number of these apps. This complaint can also be registered on the NPCI portal, so that customers can get their money back on time. Share it Other News Source link

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government cuts duty drawback rates on export of gold silver jewelery

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pattern photo ANI The duty drawback rates on export of gold and silver jewellery have been reduced by more than half. The Revenue Department has issued a notification in this regard. The import duty on these precious metals was reduced significantly in the general budget, for which the said reduction was made to adjust. New Delhi. The government has cut the duty drawback rates on export of gold and silver jewellery by more than half. The Revenue Department has issued a notification in this regard. The said reduction has been made to adjust the import duty on these precious metals which was reduced significantly in the general budget. The duty drawback rate on export of gold jewellery has been reduced from Rs 704.1 per gram of pure gold content to Rs 335.5 per gram. The rate for silver jewellery and silver items has been reduced to Rs 4,468 per kilogram of pure silver content. The duty drawback scheme refunds import duty and internal taxes paid on exported goods. Import duty on gold and silver was reduced to six per cent from 15 per cent in the Budget. Ajay Sahai, director general of Federation of Indian Export Organisations, said duty drawback on gold and silver jewellery has been reduced due to reduction in duty on gold and silver in the Budget. Gems and jewellery exports declined 7.45 per cent to USD 9.1 billion during April-July in the current fiscal. Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed. Share it Other News Source link

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cabinet approves assured pension for government employees makes nps attractive

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pattern photo ANI The Union Cabinet has approved a guaranteed pension of 50 per cent of the salary for 23 lakh government employees joining service under the National Pension System (NPS). The National Pension System is applicable for government employees joining service after April 1, 2004. New Delhi. The Union Cabinet has approved a guaranteed pension of 50 per cent of the salary for 23 lakh government employees joining service under the National Pension System (NPS). The National Pension System is applicable to government employees joining service after April 1, 2004. This pension scheme provides benefits based on contributions instead of the defined benefit applicable to employees before NPS. Announcing the Cabinet decisions, Information and Broadcasting Minister Ashwini Vaishnav said that under the Unified Pension Scheme (UPS), government employees will now be entitled to get 50 per cent of the average basic salary received in the last 12 months before retirement as pension. He said that the minimum service period to get 50 per cent of the salary as pension should be 25 years. He said that however, pension will be given proportionately for a minimum service period of up to 10 years. NPS account holders can now opt for UPS, which will give assured pension from the beginning of the next financial year. Last year, the Finance Ministry had constituted a committee headed by Finance Secretary T V Somanathan to review the pension scheme for government employees and suggest any changes in the existing structure of the National Pension System. Many non-BJP ruled states have decided to revert to the old pension scheme (OPS) linked to dearness allowance and employee unions have raised the demand in some other states as well. Cabinet Secretary-designate T V Somanathan said the new scheme is effective from April 1, 2025. Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed. Share it Other News Source link

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It is necessary to cover the whole body including the face, Taliban’s new order for women, if the law is not followed then ..

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The Taliban have officially codified a set of strict morality laws in Afghanistan, requiring women to cover their faces and men to grow beards. These rules, based on a 2022 order from the Taliban supreme leader, have now been published as law and will be enforced by the Ministry for the Prevention of Vice and the Propagation of Virtue. The move has drawn criticism from rights groups and the international community. Also read: Taliban in Afghanistan deprived 1.4 million girls from going to school: UNESCO Taliban imposes new morality law The Taliban government in Afghanistan has formally enacted a 35-article morality law, mandating women to cover their faces and men to grow beards. The law, now officially published by the Ministry of Justice, stems from a 2022 order by supreme spiritual leader Haibatullah Akhundzada and will be enforced by the Ministry for the Prevention of Vice and the Propagation of Virtue. Scope of the new rules The new rules go beyond the dress code, including a ban on music in cars and a prohibition on transporting women without a male guardian. Media outlets are also required to comply with Sharia law, banning the publication of images depicting living creatures. Violations of these laws can result in penalties ranging from warnings to detention and property seizure. Also read: Taliban Rule in Afghanistan: 3 years of Taliban occupation of Kabul, know how much the situation has changed and what are the challenges Criticism and international response Rights groups and international observers have condemned these laws as a further erosion of women’s rights and personal freedoms in Afghanistan. Heather Barr of Human Rights Watch expressed concern over the formalisation of these rules, highlighting an ongoing crackdown on personal freedoms since the Taliban’s return to power in 2021. Source link

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zelenskyy will now come to india released the video and said i need your country very much

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Ukrainian President Volodymyr Zelensky on August 23 accepted Prime Minister Narendra Modi’s invitation to visit India and said he plans to visit the country, while also highlighting that he would be happy to meet again. He said he will come to India as soon as the Prime Minister is ready to meet me. His remarks came while addressing a press conference after meeting with PM Modi, who was on his first visit to war-torn Ukraine. A number of issues were discussed between the two leaders, a large part of which centered on the Russia-Ukraine war. In the India-Ukraine joint statement, the Prime Minister thanked Zelensky for his warm welcome and also invited him to visit India at a mutually convenient opportunity. India and Ukraine signed four agreements, including on agriculture, medical products. Speaking to the media later in the day, the Ukrainian President said that yes (I plan to visit India) because when you start a partnership, a strategic partnership, and you start some conversations, I think you don’t need to lose time and take big pauses and that’s why I think it would be good to get together again. He further said that I will be happy if we meet in India. I read a lot about your big and great country. It is very interesting. The President said that he needs India very much on his side. I don’t think I will have enough time but anyway, it is better to be in your country because finding the key to your country and your Prime Minister is to see your people. I need very much to find the key to your country because I need your country very much on our side. #WATCH Ukraine President Volodymyr Zelenskyy says, “Yes (I have plans to visit India) because when you begin a partnership, strategic partnership, and you begin some dialogue, I think that you don’t need to lose time and do big pauses and that’s why. I think it will be good to… pic.twitter.com/JpE1s7IZm9 — ANI (@ANI) August 23, 2024 Source link

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Sri Lankan Navy arrested 11 Indian fishermen on charges of fishing

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The Sri Lankan Navy has arrested 11 more Indian fishermen for allegedly poaching in the country’s waters, taking the total number of arrests this year to 333, an official release said. In a press release, the Sri Lankan Navy said that on Friday, 11 Indian fishermen were arrested and their fishing boat was seized near Point Pedro coast in Jaffna Northern Province. It said the arrested persons were brought to Kankesanthurai fishing harbour for further processing. With this, the number of Indians arrested by the Sri Lankan Navy this year has risen to 333 and the number of their vessels seized has risen to 45, according to the press release. Meanwhile, Tamil Nadu Chief Minister MK Stalin has written a letter to External Affairs Minister S Jaishankar after the arrest of 11 more fishermen. He said, I have repeatedly highlighted that such incidents are happening at an alarming frequency. In 2024 alone, 324 fishermen and 44 boats were arrested by the Sri Lankan Navy. Fishermen in Tamil Nadu are facing immense hardships due to repeated arrests, which are seriously affecting their means of subsistence. Source link