Bank Holidays: There is good news for bank employees. Banks will remain closed in some states for three consecutive days. Some states will observe bank holiday on Monday, 26 August on the occasion of Krishna Janmashtami. At the same time, banks will remain closed on 24 August as it is the fourth Saturday of the month in all states. Source link
EPFO is going to launch a new platform soon to provide better facilities to the people. This will provide quick solution to the problems of the users. Source link
Gold Rate Today Silver Rate Fall 24 Aug 2024 Gold Rate Delhi Mumbai Jaipur Bangalore in Hindi Source link
This week (August 19-23), foreign investors made a significant comeback in the Indian stock market. According to data from the National Securities Depository Ltd (NSDL), foreign investors made net purchases of shares worth ₹4,897.16 crore. This is a significant change from the previous week (August 12-17), when foreign portfolio investors were net sellers, selling shares worth ₹7,769.73 crore. Despite this week’s positive flows, the overall net investment by foreign investors in August remains negative. So far this month, foreign investors have sold equities worth ₹16,305 crore in the Indian market. This trend highlights the fluctuation in foreign investment pattern during the month. Interestingly, foreign investors were net sellers in August, while domestic investors played a key role in supporting the Indian stock market. According to official data from the National Stock Exchange (NSE), domestic investors have consistently bought Indian stocks, purchasing equities worth ₹47,080.38 crore in August. This strong domestic participation has provided stability to the market amid fluctuating trends in foreign investment. “It is essential for policymakers to continue to foster an environment that encourages domestic investment while at the same time ensuring that foreign investors remain an integral part of the market. Balancing the interests of domestic and foreign investors will be key to sustaining growth and stability in the Indian stock market. “From 6.6 per cent in December 2012, India’s share in the MSCI EM index is projected to exceed 20 per cent in August 2024,” said banking and market expert Ajay Bagga. Earlier in July, net foreign investment in the Indian stock market reached ₹32,365 crore as foreign investors were net buyers, data from the National Securities Depository Ltd (NSDL) showed. This reflects a continuation of strong foreign interest after June, when foreign portfolio investors (FPIs) bought Indian stocks worth ₹26,565 crore on a cumulative basis. FPIs, which comprise investors acquiring foreign financial assets, play a vital role in influencing market dynamics by bringing substantial funds into the Indian equity market. share copy Link Email Facebook Twitter Telegram Linkedin WhatsApp reddit Published on 24 August 2024 Source link
There will be important financial changes in September, ranging from LPG price adjustments to new credit card rules, which will impact budgets and daily spending. Source link
New Delhi. Adani Group promoter has sold about 2.8 percent stake in Ambuja Cements to investors like GQG Partners for Rs 4,250 crore through open market transactions. The promoter sold Ambuja Cements stake as part of its regular adjustment to maintain its stake in Adani Group at the desired level. Meanwhile, Rajiv Jain-backed GQG Partners bought over 4.39 crore shares (1.78 percent stake) in Ambuja Cements through bulk deals in two separate transactions. The shares were bought at an average price of Rs 625.50 per share, taking the combined deal value to Rs 2,746.79 crore. Following the deal, Fort Lauderdale-based asset management company GQG Partners’ stake in Ambuja Cements has increased from 1.35 per cent to 3.13 per cent. According to data available on the National Stock Exchange (NSE), Holderind Investments Ltd, the promoter of Ambuja Cements, sold 6.79 crore shares (2.8 per cent stake). The shares were sold at an average price of Rs 625.50 per share, taking the transaction value to Rs 4,250.64 crore. After the deal, Holderind Investments’ stake in Ambuja Cements has come down to 48.1 per cent from 50.90 per cent. Also, the combined stake of Ambuja Cements promoters has come down to 67.53 per cent from 70.33 per cent. The promoter group led by billionaire Gautam Adani holds shares worth $125 billion in the group’s 10 listed companies. Source link
02 Bhavani Prasad has also formed a group. People associated with the group make baskets, chairs, tables, carpets, chandeliers, fringes, footrests. The price of these items made from Munj carving in the group is different. Its price ranges from Rs. 100 to Rs. 2 thousand. Source link
Directorate of Economics and Statistics recently released the report on Telangana Economy, with details on Gross State Domestic Product (GSDP), Gross District Domestic Product, Per Capita Income and other economic parameters of the State. , Photo Credit: By Arrangement There is wide disparity among the districts in Telangana in terms of Gross State Domestic Product (GSDP) and Per Capita Income (PCI). Per Capita Income A comparison of the Gross District Domestic Product (GDDP) and PCI reveals the sharp differences among the districts in the two vital economic parameters pertaining to their financial health. Rangareddy district has the highest PCI of ₹9.46 lakh at current prices when compared with ₹1.8 lakh of Vikarabad. Hyderabad district has the next highest PCI of ₹4.94 lakh and Sangareddy ₹3.22 lakh while per capita income of all other districts is ranging between ₹1.8 lakh to ₹2.9 lakh. GDDP In terms of GDDP too, Rangareddy is at the top with ₹2.83 lakh crore as compared with Mulugu district which has GDDP of ₹6,914 crore. Except for Hyderabad (₹2.28 lakh crore) and Medchal-Malkajgiri (₹88,867 crore), the GDDP of all other districts is below ₹61,000 crore. GDP These figures are revealed in the provisional estimates of 2023-24 of the State’s economy released by the Directorate of Economics and Statistics recently. According to the report, the GSDP of the State increased from ₹13.11 lakh crore in 2022-23 to ₹15.01 lakh crore in 2023-24 (preliminary estimates). What is GSDP? GSDP/GDP is the value of all the final goods (eg cars, food, furniture) and services (eg services provided by barbers, taxi drivers, waiters) produced within the state’s boundaries in a specific time period (usually a year). What is its significance? It is a comprehensive scorecard of a state’s economic health, and can be used to estimate the size of the economy, and its growth rate. GSDP/GDP helps policymakers, investors, and businesses make decisions by understanding an economy’s health. When GDP is growing, workers and businesses are generally better off than when it is not. The economic growth rate however is estimated to decline from 16.7% to 14.5% during the period. Telangana is better placed in economic growth rate as compared with the national GDP growth which is expected to decline from 14.2% to 9.6%. “The decline in growth rate at the national level is much sharper than that in Telangana. In comparison to India GDP growth rate, Telangana State growth rate is higher by 4.9 points,” the report said. The same is the case with PCI which is estimated at ₹3.56 lakh in 2023-24 as against ₹3.12 lakh in the previous year. The growth rate however reflected a decrease from 16.2% in 2022-23 to 14.1% in 2023-24. The national PCI during the same period is expected to increase from ₹1.69 lakh to ₹1.84 lakh, but the decline in growth rate reflected a sharp decline from 12.3% in 2022-23 to 8.7% in 2023-24. What is Per Capita Income (PCI) Per Capita Income (PCI) is the metric for determining a state’s economic output or average income for each person residing within the state. It measures the amount of money that would be available per person if the total value of all goods and services produced in the economy were to be divided equally among all citizens. What is its significance? Per Capita Income is often used as a measure of the standard of living in a state. Source link
hindi news Business Gold Price Today (24 August); What is the price of gold and silver today | Business News New Delhi19 hours ago copy link This week, there has been a rise in the prices of gold and silver. According to the website of India Bullion and Jewelers Association (IBJA), last Saturday, i.e. on August 17, gold was at Rs 70,604, which has now reached Rs 71,424 per 10 grams (August 24). That is, its price has increased by Rs 820 this week. Talking about silver, it was at Rs 81,510 last Saturday, which has now reached Rs 84,615 per kg. This week its price has increased by Rs 3,105. This year silver reached its all-time high of Rs 94,280 per kg on 29 May. Gold made an all-time high of Rs 74,222 on 21 May. Gold price in 4 metro cities and Bhopal Delhi : The price of 10 grams of 22 carat gold is Rs 66,740 and the price of 10 grams of 24 carat gold is Rs 72,790. Mumbai : The price of 10 grams of 22 carat gold is Rs 66,590 and the price of 10 grams of 24 carat gold is Rs 72,840. Kolkata : The price of 10 grams of 22 carat gold is Rs 66,590 and the price of 10 grams of 24 carat gold is Rs 72,840. Chennai : The price of 10 grams of 22 carat gold is Rs 66,590 and the price of 10 grams of 24 carat gold is Rs 72,840. Bhopal : The price of 10 grams of 22 carat gold is Rs 66,640 and the price of 10 grams of 24 carat gold is Rs 72,690. Gold has increased by more than 8 thousand rupees so far this yearAccording to IBJA, the price of gold has increased by Rs 8,072 so far this year. On January 1, gold was at Rs 63,352, which has now reached Rs 71,424 per 10 grams. At the same time, the price of one kg silver has increased from Rs 73,395 to Rs 84,615. Gold can reach up to 78 thousand by the end of the yearAccording to Anuj Gupta, Commodity and Currency Head of HDFC Securities, gold and silver may see further increase in the coming days. This year, the price of gold may reach Rs 78 thousand per 10 grams. Silver may also reach Rs 1 lakh per kilogram. There is more news… Source link
Dhaka17 hours ago copy link Retired Bangladesh Supreme Court judge Shamsuddin Chowdhury Manik was arrested near the border in Sylhet on Friday night. According to the Bengali newspaper Dhaka Tribune, he was trying to flee to India when he was caught by locals. After this, he was handed over to Border Guard Bangladesh (BGB). BGB has confirmed this. Manik was kept in the BGB post till late night. On Saturday morning, he was taken to Sylhet headquarters. A defamation suit was filed against Manik on Thursday for making derogatory remarks against Khaleda Zia’s late husband and Bangladesh Nationalist Party founder Ziaur Rahman. Former Supreme Court Justice Shamsuddin Chowdhury Manik was caught by locals near the border with India. Khaleda Zia’s husband was called a RazakarAccording to the FIR, Justice Manik had said about Ziaur Rahman on a private channel in October 2022 that he was not a freedom fighter but a ‘Razakar’. In Bangladesh, Razakar means traitor. Many videos related to Manik’s arrest are viral on social media. In one video, the police is holding his neck. In another video, he is sleeping on a banana leaf. Justice Manik had called Ziaur Rahman a Razakar on a private TV channel. Journalist couple going to France arrestedIn Bangladesh, after Sheikh Hasina left the country, many of her close associates have been arrested. Earlier, TV journalist couple Farzana Rupa and her husband Shakeel Ahmed, who were considered supporters of Sheikh Hasina in Bangladesh, were arrested. They were arrested on 21 August from Shahjalal Airport. Their daughter was also with them. They were trying to go to Paris. The journalist couple had got permission to leave the country. But before boarding the plane, the police took them into custody. They were told that a case related to murder is registered against them. Later they were sent to jail on 4-day remand. The couple held important positions in Ekattor TV. But after the fall of the Hasina government, they were removed from the channel on 8 August. Farzana Rupa and her husband Shakil Ahmed worked at Ekattor TV. They were fired after Sheikh Hasina left the country. Former law minister was fleeing in the guise of a fisherman, arrestedEarlier on August 14, former Bangladesh Law Minister Anisul Haque and Salman F Rahman, an investment adviser in the Hasina government, were arrested. They were trying to flee to India from Dhaka via river. According to reports, Salman had even shaved off his beard to avoid getting caught and was trying to escape by disguising himself as a fisherman. Within hours of his arrest, he was charged with involvement in a murder and sent to jail on 10 days remand.Many supporters of Sheikh Hasina are still missingSince Sheikh Hasina left the country, many of her supporters have been in hiding. Some people have already fled the country. Apart from these, military and civilian officials including several members of Hasina’s cabinet were arrested. These include former Foreign Minister Hasan Mahmud, former Social Welfare Minister Dipu Moni, several MPs-leaders of the Awami League and its allies, leftist Workers Party chairman Rashed Khan Menon and several recently expelled members. Hasina’s existence was destroyed by her own people: close ministers and officers took wrong decisions, restored internet without asking; this led to the cooling down of the movement to flare up again Ministers and top officers close to Sheikh Hasina also played a big role behind the coup in Bangladesh. Intelligence reports say that the ‘wrong’ decisions of the Law Minister, Law Secretary, Governor of Bank of Bangladesh, IT Minister and Head of Intelligence Branch inflamed the movement which was dying down. Restoring mobile internet services and forcibly interrogating agitating students proved very costly for the Hasina government. Some officers of the Bangladesh Army’s intelligence wing Directorate General of Force Intelligence (DGFI) and some cabinet ministers were not loyal to Hasina. Read full news here… There is more news… Source link
