22k market news

Union Finance Minister Nirmala Sitharaman yesterday (December 30, 2023) urged the public sector banks to intensify vigilance against frauds and willful defaulters. Nirmala Sitharaman (finance minister) Key features he said Anti-fraud measures: Banks should improve their anti-fraud systems and promptly identify suspicious transactions and take action against them. Debt Recovery: Banks should focus more on recovery of loans from willful defaulters. Use of technology: Banks should use advanced technology to detect and prevent fraud. Awareness campaign: Banks should conduct awareness campaigns to create awareness among the public about fraud and loan defaults. Also, Nirmala Sitharaman gave the following instructions, Banks should strictly follow their RBI norms. Banks should train their employees on fraud prevention and loan recovery. Banks should maintain transparency in their operations. These measures are expected to help reduce fraud and loan defaults in public sector banks. Startups ...

Land value in Ayodhya has quadrupled, while foreign investment in Gujarat has increased. And let's briefly look at the news including the fine of 4.12 crores for Mahindra. Business news, 4.12 crore fine to 'Mahindra' company Mahindra and Mahindra Company has said that their company has been fined Rs 4.12 crore for reasons related to input tax and education, additional tax credit balance.  The order was issued by the Deputy Commissioner of Audit Division, Induar City, Madhya Pradesh. However, Mahindra has said that it is going to appeal against this order, and that the appellate tribunal will get a favorable verdict and the company's financial position will not be affected due to this order. Rs 25.15 crore compensation case against Wipro officer Wipro has sought damages of Rs 25.15 crore from its former chief financial officer, Jatin Thala. Further, interest of 18 per cent per annum is also claimed till the date of payment. Jatin Dalal has been working at Wipro for ...

A French national, Adani invests in green energy projects. and Indian companies investing in Dubai, and SEBI has extended the nominee compliance deadline. Let's see more business news.   Business news, Indian companies invest Rs 2,780 crore in Dubai In the period from January to June last year, Indian companies have invested 2,780 crore rupees as foreign direct investment in Dubai, according to the real estate consulting company 'Westian'. Moreover, the company also said that during the period from 2020 to the first six months of 2023, Indian investors have invested a total of 13,280 crore rupees in Dubai. In terms of investment in projects, India has invested in 123 projects, trailing Canada and Latvia. IDFC, Merger Reserve Bank approval RBI has granted no-obligation certificate for merger of 'IDFC, - IDFC, FHCL, - IDFC, First Bank' . Last July, the board of the ITFC had approved the merger of the three companies. In this case, the Reserve Bank ...

In Adani Keer's energy company, the Adani family paid Rs.Rs 9,350 crore.  The company has said that it will invested. Adani Group  OBJECTIVE OF INVESTMENT The investment will be used for Adani Green Energy 's capital expenditure to achieve 45 GW of renewable energy capacity by 2030. The amount of investment is Rs. 9,350 crore The share price is Rs. 1,480.75 Duration of investment, This is a private investment and there is no information on its duration. However, this transaction is subject to the approval of shareholders attending the next general meeting to be held on January 18. Earlier, Adani Green Energy secured Rs,11,288 crore in financing from eight leading international banks to start construction of a 2,167 MW solar power project facility in Gowda, Gujarat. It has also announced that it will raise additional capital of Rs 25,000 crore. Impact of investment, This investment is expected to help grow the renewable energy sector in India. Adani Green Energy will help th...

Today's financial news headlines in English, medical insurance government, illegal foreign exchange transaction, 1000 Paytm employees sacked, etc. will be seen here. today business news 'Incredible' gets unicorn status Fintech firm Ingrid has raised nearly Rs 500 crore from its previous and new investors . Subsequently, its value has increased to 8,632 crore rupees and it has acquired the status of a 'unicorn' enterprise. And this year, it is also the second company to receive the unicorn status. A startup gets the status of a unicorn when it reaches a valuation of one billion USD i.e. almost Rs 8,300 crore. China approves 'online games' China is now approving 105 new online games after proposed restrictions on online games caused huge losses for investors. China has imposed some restrictions on children's access to gaming and live-streaming platforms. As a result, the shares of the leading game maker plunged and incurred heavy losses. Af...

Achieving the current year's divestment target is difficult, The government has raised Rs 4.20 lakh crore in the last ten years through divestment. Of this, Rs 3.15 lakh crore was raised through sale of minority stakes and Rs 69,412 through privatization of ten PSUs. Divestment target What is the target of disinvestment The privatization plans of the government have been put on hold for the time being due to the next year's Parli elections. Due to this, it seems that the government will not achieve its divestment target this year as well. 51,000 through divestment in the current year's central budget. While it was reported that Rs.10 crore was going to be collected , only Rs.10,049 crore has been collected so far. Privatization of big companies like 'Bharat Petroleum Corporation, Shipping Corporation of India, Container Corporation of India' is likely to start after May next year. 'NMDC, Steel, Bharat Earth Movers, H. The government had planned...

A few credit cards offer a variety of benefits, and the cashback offers that we get when we make purchases through the card sometimes come in handy. Cashback based on points or set as cash. By effectively handling this offer, you can get extra benefit in using the card. Especially since there are different types of credit cards and the cashback benefits offered by them also vary, it is important to use them properly. credit card Choose the right card Cashback type that suits your spending habits: Choose the card that offers the most cashback on your spending like travel, dining, shopping etc. Annual Fee: Cards that offer high cashback may have an annual fee. Evaluate your spending levels and choose a card that offers more cashback than the annual fee. Transaction fees: Some cards may charge fees for withdrawals and foreign transactions. Be aware of these charges. Use the card correctly Take advantage of high cashback offers: Many cards offer high cashback at certain stores...

Parents are making a huge mistake online without even realizing it. Parents don't realize that this affects their children greatly. Sharenting risk  Is sharenting a good or bad thing? Sharenting is where parents share information about their children online. Although discussions are held here and there, no one really cares about it. AI technologies such as DeepFake are said to make it worse. What parents playfully share online about their child is likely to backfire in the future. Their data can be shared across the Internet, causing hacking, impersonation issues and serious privacy risks. Experts predict that by 2030,  The majority of identity theft cases will be caused by the careless sharing of personal information. Parents proudly post online photos of their children taking them out and videos of them sending their children off to school on their first day. But this turns out to be a boon for identity theft fraudsters. Perhaps when you playfully share a photo ...

Do you know who owns the money you invested in the stock market? Do you know what happens if a job goes bankrupt? Stock broker  What happens with the money you invest in stocks? Friends, have you ever wondered where your money will go if your stock broker goes bankrupt. If your stock broker goes bankrupt, you should approach this company immediately, or you can switch your Demet account to another broker. But you have to do this within three years. If you invest more than 25 lakhs in the stock market, there is no chance of getting it back. Your shares are held in a demat account, a digital account that stores your securities in a depository. Depository is Central Depository Services (India) Limited (CDSL) or National Securities Depository Limited (NSTL). Your stock broker does not have direct access to your demat account or your shares. They only act as an intermediary to execute your buy and sell orders. So, even if your broker goes bust, your shares are safe and sec...

The ford has given up its decision to sell the Chennai plant, Board Motors has canceled the agreement to sell its plant in Tamil Nadu to JSW Group. ford chennai Ford Chennai plant: latest News JSW led by Sajjan Jindal. The group had finalized a deal to buy Bord Motors ' Chennai plant for nearly Rs 830 crore. Depression, In this case, the board company has canceled this contract as it does not want to sell its factory. The manufacturing plant owned by Board Motors is spread over an area of ​​350 acres in the town of Gara Malai near Chennai. In this case, due to the slowdown in the market after the corona virus, the board company decided to leave India in 2022 and stopped its production. Subsequently, it sold its other manufacturing plant in Gujarat to a subsidiary of Tata Motors for Rs 725.70 crore. Recently, JSW had finalized an agreement with the Group to sell its plant in Chennai. In this case, the board company has now withdrawn from that contract attempt. No preference, Reg...

Ethanol blended into petrol is falling, and sugar production is down 11 per cent, the demat nominee must report by January 1. See more brief business news.. Business news mixed with gasoline Ethanol levels are falling. In the country, the amount of ethanol blended in petrol fell to 10.24 per cent in November last year. This decline has occurred in the first month of the current ethanol distribution year itself. In the last distribution year, gasoline was blended with 12.06 percent ethanol. Oil companies thus saved Rs 24,300 crore in foreign exchange. While the government had set a target of 15 percent ethanol blending in the current petrol, it is said that this will not be possible due to the government's order not to use jaggery for ethanol production. Fiscal deficit target m...

Global demand for silver is expected to decline by 10 percent this year, with India being the main factor behind the decline. Silver price In this regard, the industry sector has further informed that: In the current year 2023, the global demand for silver is predicted to decrease by 10 percent. At the same time, global gold jewelery demand is expected to be slightly higher. For India, the demand for silver products is estimated to decrease by up to 12 percent. Investments in silver are down 21 percent, the lowest in three years, according to my projections. Studies suggest that the decline was due to higher local prices in India, as new investors stopped buying silver. The average price of silver was higher this year than last year. The base price has also increased significantly compared to last year. Due to high prices, investments in other assets like stocks, currencies and gold, investments in silver decreased. By 2024, the price of silver is expected to increase ...

According to the World Bank, India is the global leader in remittances, receiving an estimated $125 billion by 2023, more than double the amount received by China, the second largest remittance country. India's money to grow by 11% from 2022. Money transfer In this regard, the World Bank has informed in its report, According to the report of the World Bank, Indians are the top in remittances from abroad this year. In the current year, Indians living abroad have remitted 10.38 lakh crore rupees back home, the report said. In the current year 2023, remittances to low and middle income countries have increased to Rs 55.53 lakh crore, registering a continuous growth . India tops the list of countries with the most money. This is an example of the important role played by the Indian diaspora in contributing to economic development. Due to the recession and low economic growth, the income of...

As gold is attractive for investment, gold savings bonds are one of the best options for this.  Gold savings bonds, which were introduced in 2015, are being issued continuously.  In this case, these are going to be released in two phases, this month and February next year.  You can invest in this month's release from 18th to 22nd.  Let's look at various ways to invest in these securities.   gold savings bonds Gold Savings Bonds can be bought at the following places All Banks in India Small banks Payment Banks Village banks are exempt Stock Holding Corporation of India (SHCIL) Indian Clearing Corporation (ICCL) Appropriate Post Offices Stock market As per your choice, you can buy gold savings bonds at any of these places. Banks All banks in India sell Gold Savings Bonds. Go to your bank and tell them you want to buy gold savi...

There are reports that Adani Group has acquired 50.50 percent shares of IANS, India Private Limited. Gautam Adhani  Billionaire Gautam Adani -led Adani Group has acquired 50.5 percent stake in IANS, one of India's leading news agencies.  The acquisition was announced on December 16, 2023, In this regard, it is also informed that the shareholder agreement has been signed.  However, the details of how much the company has been acquired have not been disclosed yet. In March last year, the Adani Group acquired QuintileLion Business Media, which ran PQ, the prime digital news platform.  Through this, the Adani Group entered the media business. Subsequently, in December, 'NDTV' acquired nearly 65 percent of the shares in the company. And by AMG Media Networks Limited, a subsidiary of Adani Enterprises.  It is part of the Adani Group's expansion into the media sector. It already owns and has a stake in the financial daily Business Standard.  Many other media....

The Tamil Nadu government has planned to set up pre-departure refresher training centers in seven districts for the benefit of Tamils ​​going abroad for education and employment. 54.75 lakh rupees have been allocated for this purpose. training center In these training centers, Tamils ​​going abroad will get information about the law, order, culture, language, employment etc. of the country they are going to. Also, training will be provided to improve their skills and prepare them for overseas employment. The districts where these training centers will be set up are Chief Minister Stalin announced that pre-travel innovation training centers will be set up in the districts of Ramanathapuram, Pudukottai, Kanyakumari, Thanjavur, Perambalur, Sivagangai and Villupuram, where there are many people who go to work abroad. This training center provides pre-trip ...

What the business news this week india in English. Let's take a brief look at what's in business news this week.   business news Maruti 800 completes 40 years One of India's famous cars, the Maruti 800 car, which was the first symbol of the Maruti Suzuki company, was launched on December 14, 1983. Sales of passenger vehicles in India, which had been stagnant till then, were phenomenal after its introduction. The Maruti 800 turned the dominance of Hindustan Motor Company's 'Ambassador' and 'Premier Padmini' cars upside down.    The Maruti 800 was called the 'people's car', fulfilling the dream of buying a car for most of the middle class people. In 2014, the company completely stopped the production of Maruti 800. So far, a total of 29.20 lakh Maruti 800 cars...

Foxcon from China has invested Rs. 8,300 crore is planned to be invested. The investment will be made in a plant that Apple is setting up in Bengaluru to manufacture devices. Foxconn What is the investment of Foxconn in India Apple's contract manufacturer foxconn is setting up a 300-acre plant in Bangalore to manufacture Apple devices in India. Earlier, foxconn had spent Rs. 13,280 crore had been approved for investment. In addition to this Rs. 8,300 crore investment approved by the company. With this, faxcon's total investment in India is Rs. 20,580 crores. With this investmen t, Apple's next-generation devices will be manufactured at a plant set up in Bangalore. The plant is expected to be operational by 2024. Foxconn is one of Apple's major contract manufacturers. The company manufactures devices such as Apple's iPhone, iPad, and i-Mac. As manufacturing costs rise in China, Apple is looking to shift production to other countries. This inves...

Retail price inflation in November came in at 5.55 percent, the highest in four months.  It said a few more things.  What is the first news that this rate is within the RBI's maximum target of 6 percent, yet commodity prices have not come down.    stock market news, What was the stock market yesterday If so, RBI  This is the second news that repo rates will not start to be cut immediately, or even next year.  As a result, our stock markets remained largely flat since yesterday morning.  Stocks were heavily bought in the late evening and markets Ended in a trickle of profits.     Former RBI Governor Raghuram Rajan said that although our economy is growing at the fastest pace in the world, new jobs are not being created here, which will have a big impact on our country. Meanwhile, our October industrial production index rose to a 16-month high, giving little cheer.  Falling crude oil prices also cheered the market Afte...

Six companies are gearing up for IPOs this week as the environment is favorable for raising funds through IPOs. New ipo, What are the new companies listed in NSE India Shelter Finance, Toms International, Inox India, Modisons Bu Jewellers, Sooraj S Y Date Developers, 3 Muthut Microfin are coming up for new share issue. Together, these six companies are expected to raise at least Rs 5,000 crore. Last November, 10 companies successfully raised funds through IPOs, encouraging many companies. In the current financial year, as of last November, 44 companies have issued new shares, raising nearly Rs 35,000 crore. According to market sources, this good response to the shares of some recently issued companies and good domestic economic conditions are the reasons for the increase in new share issu...

The Reserve Bank of India (RBI) has warned against believing false advertisements about loan repayments. In recent times, there has been an increase in false and misleading advertisements on social media regarding loan repayments. These ads promise free or low-cost debt relief. Loan related false advertisement, In its statement, RBI said, "Loan waiver is a complex process. It depends on various factors like borrower's credit history, loan amount, interest rate etc. Advertisements claiming free or low cost loan waiver assistance are false and misleading." The RBI has advised borrowers seeking loan waiver assistance to approach only reliable institutions. Information about loan waiver agencies can be obtained from RBI's website. Borrowers who believe in false advertisements about loan installments can face various problems. Their credit history may suffer. They may have to pay additional fees. In some cases, they may face legal action. If you come across false a...

Date till 31st December to add nominee from SEBI Demat Account and Mutual Fund Account, Demat account What are the benefits of linking a nominee to a Demat account? The Securities and Exchange Board (SEBI) has given a deadline of December 31 to add nominees from demat accounts and mutual fund accounts. While this period expired on March 31, 2023, it has been extended till December 31. Enrollment of a nominee in a demat account is an important process that enables the investor to hand over his assets to his legal heirs. Nominee is the person who is authorized to manage the assets in the demat account of the investor after his death. To add a nominee to a demat account, the investor should contact his demat account holding company. The company receives the necessary documents from the investor and submits the nomination application. To add a nominee to the mutual fund account, the investor should contact his mutual fund company. The company receives the necessary documents ...

There is no limit on how much you can spend on a credit card in a financial year. They can spend as per the credit limit offered by the credit card companies to their customers. However, spending beyond the credit limit will incur interest and charges. credit card risk. What happens if I spend more than my credit limit? In India, the credit limit offered by credit card companies to their customers ranges from ₹2 lakh to ₹5 lakh. However, some companies also offer credit limits of ₹10 lakh or more to their customers. While spending through credit card, it is better to spend according to their financial status. Spending beyond the credit limit will attract interest and charges, which can lead to financial hardship. Here are some things to keep in mind while spending with ...