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severance pay, or compensation be — a month's full salary (including allowances) or just the basic salary? Further, is it legally mandatory for the employer to pay compensation for retrenchment? Mehak Khanna, Partner at law firm Khaitan & Khaitan, says, «The amount of severance payable to an employee usually depends upon the law that applies to them and/or the terms of their employment contract. It is important to note that severance pay is not mandatory for all employees under the current labour laws.» Currently, an employee can be governed under the central government's Industrial Disputes Act, the states' Shops and Establishments Acts or both.

Bullion prices fell for the eighth session in a row amid an uptick in the dollar index (DXY) following Atlanta Federal Reserve President Raphael Bostic's comment that the rates are likely to remain higher for longer. On Wednesday, the MCX December gold futures were trading at Rs 56,851 per 10 gram, down by Rs 76, or 0.13%.

Coal India Ltd, part of the coal sector, has rallied by about 30% in a month which pushed the stock to a fresh record high in September 2023 and the chart pattern suggests that the rally may not be over and will continue in October. The stock rose from Rs 228 as of 30 August 2023 to Rs 297 which is the record high registered on 29 September 2023. The upside translates into a rally of about 30% in a month. Short-to-medium term investors can look to buy the stock now or on dips for a possible target of Rs 345-385 in the next 4-5 months, suggest experts. After the breakout from the critical resistance of 26-270 which proved to be a critical hurdle back in June 2019 in September 2023 provided much needed momentum to the stock. On the monthly charts, an upward-sloping trendline is giving support.

Dalal Street bulls, if historical data for the last 10 years is anything to go by. In the last 10 years, the benchmark Nifty 50 has given positive monthly returns nine times, with an average return of 2.9%. ETMarkets did a further analysis of stocks that have given positive returns to investors consistently in October in the last three years. The analysis revealed that there are five such stocks that have given double-digit returns in October in each of the last three years.

The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 19600 levels on Tuesday. India VIX was up by 2.95% from 11.50 to 11.78 levels in the previous trading session. Volatility was slightly on the rise and made the market move in a choppy manner with the absence of strength to the bulls. On the weekly options front, the maximum Call OI is placed at 19700 and then towards 19600 strikes while the maximum Put OI is placed at 19500 and then towards 19400 strikes. Call writing is seen at 19600 and then towards 19700 strikes while Put writing is seen at 19500 and then towards 19400 strikes. “Options data suggests a broader trading range in between 19200 to 20000 zones while an immediate trading range in between 19400 to 19700 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a Bearish candle on the daily scale on Tuesday and has been forming lower highs from the last two sessions.

IRFC) stock price has run at the speed of bullet train since exactly a year ago when it hit its 52-week low of Rs 21.15 on the NSE. Currently, in a consolidation phase, this multibagger stock has returned a whopping 261% over the last one year.

(This story originally appeared in on Oct 04, 2023)

mutual funds through SIPs. A deeper look at what it means: A mandate is an instruction provided by an account holder to the bank to automate his recurring payment. E-mandate is a digital payment service introduced jointly by RBI (Reserve Bank of India) and NPCI (National Payments Corporation of India). Almost all large banks in India provide these facilities. They are hassle-free and reduce the burden on individuals to make timely payments. Typically, these are often used by investors who invest in mutual funds using systematic investment plans (SIPs). Earlier, investors filled a physical form to make recurring payments through SIPs, which was time-consuming and challenging. Once an E-mandate is set up it reduces the SIP registration time from earlier 21 days to 5-7 days now and hence is becoming popular. How can you set up an e-mandate ? Investors need to complete a one-time registration process for setting up a mandate with the fund house, registrar or through third-party portals that distribute mutual funds. In the case of sending a physical mandate a request form needs to be submitted and this process could take 3-4 weeks. Investors can set up an E-mandate digitally with their net banking authentication and it is completely paperless. Registration is done through internet banking of respective banks using net-banking credentials, while in some banks, even debit cards can be used. Some portals also use ‘E-sign’ using Aadhaar to set up mandates.

Nine out of 10 Nifty IT index constituents managed to beat the benchmark Nifty50, which rose 2.3% in Q2. LTIMindtree, the latest addition to the 50-pack Nifty, was the only laggard, but it, too, managed to remain in the green. Sonam Srivastava, founder and fund manager at Wright Research, said the resurgence in Nifty IT stocks is influenced by several factors.

Sensex declined 316 points to settle at 65,512, while the Nifty fell 109 points to end at 19,528. Stocks that were in focus included names like Eicher Motors, which fell 2.68%, Network 18, which rose 8.07%, and Escorts, whose shares declined 1.73% on Tuesday. Here's what Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. Eicher Motors — Sell From the lows of 3125, the stock has witnessed a Bull Run to make the high of 3539 odd levels. Higher Top Higher Bottom pattern was seen as Bulls were having upper hand on price.

Social media influencers were shaken well-known Brazilian influencer Samya Silva was tragically shot and killed on October 1, 2023. At just 21 years old, her life was cut short in a shocking incident that unfolded in Teresina, Brazil, leaving her family, friends, and followers in mourning. As authorities investigate this heart-wrenching case, let's take a moment to remember who Samya Silva was and the circumstances surrounding her untimely demise.

Updater Services IPO: Listing date of Initial Public Offering (IPO) of Updater Services Limited has been fixed on 4th October 2023 i.e. today.

Buy or sell stocks for today: Following weak global market cues, Indian stock market ended lower on Tuesday. Nifty 50 index lost 109 points and closed at 19,528 levels, BSE Sensex shed 316 points and ended at 65,512 mark whereas Bank Nifty index finished 185 points lower at 44,399 levels.

Japan is aiming to become a crypto and Web3 “powerhouse,” South Korean analysts and experts believe – but some think Seoul still has what it takes to surpass Tokyo.

Company PJSC (IHC) said on Tuesday that it has raised its stake in Adani Enterprises Ltd (AEL) days after exiting two other Adani Group companies. IHC boosted its holding in Adani Group flagship AEL to more than 5% from the 3.53% stake it first acquired in May 2022 for ₹7,700 crore. The investor last week disclosed that it would sell its stakes in Adani Green Energy and Adani Energy Solutions (formerly Adani Transmission). IHC said the decision to boost its holding in AEL reflects its conviction in the business incubation model of AEL, and the inherent strength of airports, data centres, green hydrogen and other verticals being incubated by the company.

Finolex Cables has not yet disclosed the outcome of voting by shareholders pertaining to the resolution related to the reappointment of Deepak Chhabria as an «executive chairman» in its annual general meeting (AGM) held on September 29. Finolex Cables' scrutiniser, in a disclosure submitted to the stock exchange, has revealed that, in light of the Supreme Court's directive, the voting results are kept in abeyance until the National Company Law Appellate Tribunal (NCLAT) passes its final orders. This development has arisen amid an ongoing dispute between the two cousins, Prakash Chhabria and Deepak Chhabria. Finolex Cables had proposed a resolution for reappointing Deepak Chhabria for five years, from July 1, 2023, to June 30, 2028. Last Tuesday, the Supreme Court vacated the NCLAT's interim direction and allowed Orbit Electricals, led by Prakash Chhabria, to vote at the Finolex Cables AGM.

Complementary medicines and dietary supplements are becoming more advanced and increasingly formulated to meet specific health goals, leading Australians to better recognise the role they can play in supporting wellbeing challenges and improving overall health.

In the brutally bearish crypto market currently, three cryptocurrencies have emerged as the top altcoins. Curve DAO (CRV) has ridden the bullish wave after the founder settled the debt. Chainlink (LINK), on the other hand, has attained new standards in inter-chain operability. Yet, the biggest gainer has been VC Spectra (SPCT) with its massive profits and real-world utility.

ICC Men's Cricket World Cup, which begins in India on October 5, people aware of the development told ET. The world cricket governing body has 20 sponsors and partners for ICC World Cup 2023. It has six global partners that are paying $8-10 million for these sponsorship slots.

₹222.55, a 6.5% increase from the ₹209 close on 27 September. A Bloomberg report on 28 July ran the news of the restructuring a day before the formal announcement. On that day, the delivery stood at 7.8 million shares, while on the announcement day, it totalled 8.2 million shares.

NEW DELHI : The improvement in cement prices seen during September remains positive for the manufacturers amidst rising energy costs. The cement channel checks by brokerages indicate that improvement in cement prices continued in September led by major price hikes in East India. For September 2023 average prices are up 4% month-on-month and for second quarter (Q2FY24) are up 0.5-1.0% sequentially as per analysts at Jefferies India Private Ltd.