Introduction: India’s Forex Reserves Drop by $4.112 Billion in December On Friday, the Reserve Bank of India (RBI) announced that the country’s foreign exchange (forex) reserves had dropped by USD 4.112 billion to USD 640.279 billion for the week ending December 27, 2024. This decrease follows a previous decline of USD 8.478 billion for the…
Introduction: How Much Will You Get After 20 Years if You Deposit Rs 5000 Every Month in SIP investment? Investing for future goals such as children’s education, marriage, and building a house has become crucial in today’s financial landscape. The earlier you begin investing, the greater the benefits you will reap. Among the various investment…
The Indian stock markets have long been a cornerstone of the country’s economic growth and financial ecosystem. Whether you’re a seasoned investor or a beginner looking to dip your toes into trading, understanding the Indian stock markets is essential for making informed financial decisions. This guide explores the key aspects of the stock market, how…
Introduction: Sensex, Nifty Open with Marginal Gains in Early Trade Equity benchmark indices showed marginal gains in early trade on Thursday, driven by positive global cues. The 30-share BSE Sensex climbed 31 points to 80,250, while the Nifty rose by 2 points to 24,250. Market Performance Overview At the start of today’s trading session, sectors…
Significant Growth in Member Additions The Employees’ Provident Fund Organisation (EPFO) announced that EPFO adds 18.81 lakh net members, great growth figures, revealing a 9.33% increase in net member additions for September 2024, with a total of 18.81 lakh new members compared to the same month last year. This growth highlights the strengthening of employment…
Gold Prices Soar Across India Gold prices rose today, capturing the attention of investors and buyers alike. With 24-carat gold now at Rs 7780.3 per gram, up by Rs 550, and 22-carat gold priced at Rs 7133.3 per gram, up by Rs 500, the market is abuzz with activity. Silver, too, saw an increase, now…
A Trustworthy Investment for the Golden Years Imagine reaching a stage in life where every sunrise is a promise of peace, and every sunset a reflection of fulfilled dreams. For many senior citizens, these cherished moments are accompanied by a sense of financial security, largely thanks to Fixed Deposits (FDs). These aren’t just any investments;…
Market Downturn Hits Major Companies Amid a downturn in the stock market, several leading Indian companies have experienced significant losses. Last week, eight out of the top 10 most valued firms collectively saw their market worth decline by Rs 1,65,180.04 crore. SBI’s Significant Loss The State Bank of India (SBI), India’s largest government bank, lost…
Market Opens with Mixed Fortunes On a brisk Monday morning, November 18, 2024, the Indian stock markets opened to a whirlwind of activity. The 30-share BSE Sensex saw a drop of 156.72 points, closing at 77,423.59, while the Nifty slipped 64.25 points, settling at 23,468.45. This decline mirrored the uncertain trends seen in Asian markets…
Understanding Provident Fund Withdrawals A Provident Fund (PF) account serves as a critical retirement savings and pension resource for employees. While full withdrawals are typically reserved for retirement or prolonged unemployment (over two months), partial withdrawals are allowed under specific circumstances. Conditions for Partial Withdrawal An EPFO member may make partial withdrawals from their PF…
