Gap Financial News

EPFO, NPS and ESIC) based on the recommendation given by Ghosh and Ghosh in the study titled, «Towards a Payroll Reporting in India». «If we analyse the EPFO payroll data trends for the last four years, net new EPF subscriber addition during FY20 to FY23 was 4.86 crore,» said the recent SBI's research report 'Ecowrap'. This number, however, consists of new payroll (first payroll), second payroll (rejoined/resubscribed members) and formalised payrolls. «We subsequently estimated the net new payroll (first job/fresh job) adjusted for re-joined/re-subscribed members and formalization (based on ECR data). »As per our calculation, the actual net new payroll was 2.27 crore during FY20 to FY23.

Rural demand is kicking in and the gap with urban is narrowing significantly, said Mohit Malhotra, chief executive of packaged goods maker Dabur India, which derives close to half of its annual sales from rural India. Addressing investors at the company’s 'Capital Market Day', Malhotra said: “A few years back, rural was leading the pack and driving growth.

The EUR/USD dropped 0.8%, reaching 1.063, following the European Central Bank's decision to raise its policy rate by 25 basis points and its continued pessimistic outlook.

Zee Entertainment Enterprises Ltd. fell 0.16 per cent to Rs 272.3 at 02:05PM hours (IST) on Friday.

The recent launch of ‘Credit line on UPI’ by NPCI is a pivotal point in India’s credit journey, one that will give rise to several fintechs. In essence, Credit line on UPI is set to become what Debit Card EMI aspired to be, and more.

Mumbai are slated to increase from October 1. As per a TOI report, this adjustment in toll rates, which comes after a gap of three years, will see a hike ranging from 12.50 per cent to 18.75 per cent. The affected entry points include Dahisar, LBS Road-Mulund, Eastern Express Highway-Mulund, Airoli Creek Bridge, and Vashi.

Ambuja Cements Ltd. fell 0.24 per cent to Rs 443.95 at 12:58PM hours (IST) on Friday.

United Spirits Ltd. traded at Rs 1048.9 on BSE at 01:14PM (IST) on Friday, down 1.61 per cent from previous close. The stock quoted a 52-week low price of Rs 730.9 and a high of Rs 1073.2. Earlier, the stock saw a gap up opening in the morning. A total of 28,123 lakh shares changed hands on the counter till 01:14PM (IST). The stock of United Spirits Ltd.

Havells India Ltd. traded at Rs 1424.8 on BSE at 12:38PM (IST) on Friday, up 2.34 per cent from previous close. The stock quoted a 52-week low price of Rs 1092.0 and a high of Rs 1466.0. Earlier, shares of the company saw a gap down opening in the morning. A total of 18,751 lakh shares changed hands on the counter till 12:38PM (IST). The stock of Havells India Ltd.

Ind vs Ban Live Updates: In a highly anticipated Asia Cup Super 4 match, India faces Bangladesh today, with the result having no bearing on tournament standings. Despite historical Indian dominance, Bangladesh's recent victories have fueled the rivalry, notably in the 2007 World Cup and 2012 Asia Cup. While Bangladesh seeks to further prove itself, India may rest key players with their final spot secured.

₹488 apiece on BSE, and touched intraday high of ₹522.20. According to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, Strides Pharma Science Limited share price has experienced a significant increase in both price and trading volume, breaking through a key resistance level at 490 with an Bullish gap, which suggests a up trend. It is possible that prices can continue to rise in the short term, with a potential resistance level at 560.

₹124.95 apiece on BSE. Lemon Tree shares touched intraday high of ₹125.50 apiece. At 11:00 IST, the stock was up by 1.06%, at ₹124.10 apiece.

strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay. Members of the United Auto Workers union began picketing at a General Motors assembly plant in Wentzville, Missouri, a Ford factory in Wayne, Michigan, near Detroit, and a Stellantis Jeep plant in Toledo, Ohio. It was the first time in the union’s 88-year history that it walked out on all three companies simultaneously as four-year contracts with the companies expired at 11:59 p.m. Thursday. The strike will likely chart the future of the union and of America’s homegrown auto industry at a time when U.S.

Nifty advanced over 33 points to close at a fresh lifetime high of 20,103 while Sensex ticked higher for the 10th straight session on Thursday. Stocks that were in focus included names like NBCC, which rose 8.44%, Balrampur Chini Mills, which gained 5.15%, and Canara Bank, whose shares jumped 0.02% on Thursday. Here's what Amol Athawale, Vice President — Technical Research at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today.NBCC — NeutralAfter a quick short-term correction, the stock took the support near the 20 day SMA (Simple Moving Average) and bounced back sharply. Last Thursday, the stock rallied over 8%. We are of the view that, as long as the stock is trading above 56 level the positive sentiment is likely to continue. Above the same, it could rally till 67-70.

VCCircle that Kedaara may have invested ₹1,300-1,500 crore ($156-180 million) in the Bengaluru-based K-12 school operator. “India has over 260 million students enrolled in the K-12 segment, that aspire for accessible, and holistic education. K12 Techno has helped schools bridge this gap by leveraging technology and process orientation," said Sunish Sharma, founder and managing partner, Kedaara Capital.

The crypto space is no stranger to meteoric rises and surprising dark horses. As QUBE, the native token of the promising InQubeta platform, surpasses the $3 million mark in its ongoing presale, the crypto community is buzzing with anticipation. But as the dust settles and investors crunch the numbers, a bold question emerges: Can QUBE eventually surpass the popularity of top altcoins like XRP?

You almost have to admire the brass of the Biden White House. The Census Bureau reported Tuesday that Americans are poorer under Bidenomics, and the President quickly changed the subject to blame Republicans for rising child poverty on his watch. As usual, too many in the press corps bought the spin.

Marketers paying to programmatically advertise on websites and apps with minority, LGBTQ and women owners should be able to find enough space to meet their diverse-owned media spending goals, which have been on the rise in recent years as brands up their commitments to diversity, equity and inclusion efforts.But marketers should also be wary of who they work with to place those ads, to avoid having ads end up running in unwanted places, including sites that buy much of their traffic, according to a new report from Jounce Media. The report by the digital marketing consultancy examined data across the advertising supply chain on over a million websites, nearly 800,000 mobile apps and more than 30,000 connected TV apps, focusing on lists marketers use to ascertain the ownership of media sites and apps.

₹6.96 trillion, up by around 24% on a year-on-year basis. Debt AIFs function like a fund, where an investor entrusts its savings to a portfolio manager, and the portfolio manager pools savings from various investors and uses that pooled corpus in lending investments on behalf of investors. So, investors in private credit funds get exposure to multiple fixed income investments for the same amount of investment and active portfolio management of those investments.

Great Resignation. Great Reshuffle. Great Renegotiation.

LONDON : Russia has stepped up imports of the aluminium feedstock alumina from India in recent months to supply its vast Siberian plants, a move that diversifies the sanctions-hit country's supply, helps reduce dependence on China and cuts costs. After invading Ukraine, the world's second biggest producer of aluminium lost two crucial sources of alumina, used to make aluminium metal, as a refinery in Ukraine suspended production and Australia banned supplies to Russia. While Russia and China are on friendly terms, aluminium production in China is rising, leaving less price flexibility for Russia to buy alumina.