22k market news

Mumbai, Nov. 30-A scam worth Rs 11,000 crore has been committed in India in the last nine months by spreading information through social media platforms like WhatsApp and Telegram, claiming to lead people to invest in the stock market and earn high profits, according to Nitin Kamath, CEO of Zerodha. Share market scam Recently, a software engineer from Bengaluru, who received a message on his WhatsApp number in the name of investing in the stock market, invested up to Rs 91 lakh in various stages. The value of his investment was shown to be Rs 1.50 crore in a few days. At one point, he realized that he had been cheated and filed a complaint with the cyber police when he tried to withdraw the invested money. Nitin Kamath, who also shared this information on his social media, further said: Such scams are on the rise. In the last nine months alone, frauds worth Rs 11,000 crore have been committed. It is scary to think about what will happen if fraudsters use artificial intelli...

New Delhi, Nov. 30- EPFO ​​plans to provide the facility of withdrawing money from the Provident Fund (PF) account through ATM. PF, Money Just as the Income Tax Department is planning to increase The electronic facilities for Permanent Account Number under the name 'PAN 2.0', it is planned to provide additional facilities to the Provident Fund account of the workers under the name 'PF 3.0'. While the workers and the management are currently contributing 12 percent of the monthly salary equally to the PF account, it is planned to remove only the upper limit on the amount to be contributed by the workers. That is, this will allow the workers to save more if they want, while the PF amount, which is safe and earns reasonable interest in the financial market. Deadline ends today Today is the last day to link PF, UAN and Aadhaar to avail the benefits of ELI, a job-linked incentive. Therefore, those who have not linked Aadhaar with their PF account must do so today...

New Delhi, The World Gold Council has said that the demand for gold has started increasing due to the advent of AI technology. World Gold Council opinion Demand for gold is becoming essential This has been led by the increased use of artificial intelligence, especially in smartphones and data centers. The demand for gold in the electronics sector reached a peak of 328 tonnes in 2010. After this, demand continued to decline, reaching a level of 249 tonnes last year. Meanwhile, as the demand for gold has become essential in AI technology , the Gold Council has said that its demand has started to recover in the last few quarters. In general, gold is an excellent conductor of electricity and does not corrode very quickly. The use of gold has become essential as it provides high-speed data processing, minimal energy loss and long-term performance required for smartphones. The demand for gold is increasing as healthcare, finance, and other sectors invest heavily in AI technology...

New Delhi, Not only gold; silver also shines in investment.  Silver Bars This is shown by the fact that the total value of mutual fund schemes investing in silver has increased fourfold. In October last year, the value of assets managed by mutual fund companies in silver ETF schemes was Rs. 12,331 crore. This has increased to Rs. 12,331 crore in October this year. This shows that investors have turned their attention not only to gold; but also to silver, according to research firm 'ICRA'. Many people invest in silver ETFs, considering it a safe investment rather than a metal, hoping for higher returns. Since silver ETF schemes were launched in 2022, the number of mutual fund accounts invested in them has increased by 215 percent in a year to 4.47 lakh. This was 1.42 lakh in October last year. As investor interest in silver ETFs has increased, the number of schemes has now increased to 12, up from eight last year. Market experts say that those who are unable to in...

Indian Britain Simply Easy Trade India-UK Talks Resume Talks between India and Britain on a free trade agreement will begin early next year, British Prime Minister Keir Starmer has said. Prime Minister Modi and Starmer met on the sidelines of the 'G-20' summit in Brazil and discussed the free trade agreement. Starmer told Prime Minister Modi that he wants to establish a very close trade relationship with India. Bilateral talks on a free trade agreement began in 2022. After 13 rounds of talks, the 14th round of talks was interrupted by general elections held in Britain and India. SEBI calls for revision of rules for small-scale IPOs In order to increase the security of investment by stock market investors, SEBI is planning to tighten the rules for new issue of shares by small-scale companies. It has been suggested to fix the minimum amount for new issue of shares by small-scale companies at Rs 10 crore. SEBI is also planning to increase the application fee from Rs 1...

New Delhi, The public offering of NTPC Green Energy is set to begin on Nov 19. The company is a subsidiary of public sector power generation company NTPC.    Market news Applications can be made to buy shares of the company till Nov 22. The price of one share has been fixed at Rs 102 to Rs 108. On Nov 18, institutional investors can apply for shares worth Rs 3,960 crore. In the new share issue, 75 percent will be allocated to institutional investors; 15 percent to non-institutional investors and 10 percent to retail investors. The shares are scheduled to be listed on the stock exchanges on Nov 27. Of the Rs 10,000 crore raised, Rs 7,500 crore will be used to pay off debt; The remaining amount will also be used for general corporate purposes. Reserve Bank announces list of major banks SBI , HDFC and ICICI banks have been included in the Reserve Bank's list of banks with significant domestic banking sector importance in the structure. The Reserve Bank has been ran...