Security Financial News

EPFO added a net 16.02 lakh subscribers in January 2024, according to payroll data released on Sunday. Around 8.08 lakh members were enrolled for the first time in January 2024, a labour ministry statement said on Sunday. The Employees'' Provident Fund Organization's (EPFO) provisional payroll highlighted that the EPFO has added 16.02 lakh members on a net basis in January 2024, the ministry said. A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 56.41 per cent of the total new members added in January 2024 indicating the majority of individuals joining the organized workforce are youth, primarily first-time job seekers.

As the 2024 bull-run gains momentum, investors are shifting their focus to utility tokens, recognizing their potential for significant gains in the evolving crypto landscape. Among the standout performers are Chainlink (LINK) and Healix (HLX), two utility tokens that are capturing the attention of savvy investors seeking innovative opportunities for growth and profitability.

Press Release / 24 March 2024: Unnq.com, one of the most well-known and trusted cryptocurrency exchanges, continues to attract the attention of traders around the world. Its unrivaled functionality and low commissions make it the preferred choice for those seeking to successfully trade in the cryptocurrency market.

It is long past the time that we face the fact that “Social Security” is facing a retirement crisis. In June 2022, we touched on this issue, discussing the stark realities confronting Social Security.

The risk of running out of money in retirement rises for those with lower pay, longer lives or no partner. Millions of single women wrestle with all three. Women earn less than men on average during their working years and are more than twice as likely as men to leave the workforce for more than one year to care for children or aging parents, according to a survey of 5,261 Americans that Goldman Sachs plans to release Monday.

₹35,011 cr and ₹31,195 cr dated 19th March. Furthermore, buying activity has persisted throughout this week, suggesting that institutional investors do not perceive any significant concerns regarding the fallout of domestic momentum. This trend may be linked to the fact that most corrections have targeted Mid & Smallcaps.

GT vs MI IPL Live Score 2024: Five times champion Mumbai Indians is all set to go against Gujarat Titans in the 5th match of IPL 2024. This is the first game for new captains of both teams as Hardik Pandya left the captaincy of GT to go back and head MI in the IPL 2024 season.

—Name withheld on request Form 15H is a self-declaration for non-deduction of taxes at source which can be submitted by an eligible person to the payor of specified incomes. Specified incomes includes income from provident fund withdrawal, dividend incomes, interest on securities, other interest incomes, national savings scheme, insurance commissions, life insurance policies, etc.

IPOs this week: One mainboard, 12 SME public issues to open for subscription; check full list here The IPO of Bharti Hexacom comprises exclusively of an offer-for-sale (OFS) segment, devoid of any issuance of new shares. Telecommunications Consultants India, the singular public shareholder in the firm, intends to sell 7.5 crore equity shares, equating to a 15% stake in the OFS. Bharti Airtel, led by Sunil Mittal, owns a 70% stake, equivalent to 35 crore shares, while the remaining 30% ownership, comprising 15 crore equity shares, is held by non-promoter TCIL.

IIFL Finance Ltd and JM Financial Products Ltd (JMFPL) as it has initiated the process for appointment of auditors. The central bank has floated two separate tenders for appointment of auditors for special audits of the two non-banking finance companies (NBFCs).

REA India, which owns Housing.com and PropTiger, is not actively looking for acquisition for further growth but the company is open to evaluate «interesting» opportunities that complement the business or help in securing new technologies, its CEO Dhruv Agarwala said. REA India, which is part of Australia-based REA Group, will focus on consolidating its both businesses — real estate classified platform Housing.com and residential brokerage portal PropTiger.com, he added. In an interview with PTI, Agarwala, who is also CEO of Housing.com and PropTiger, said there is no plan of acquisition in near future.

IIFL Finance Ltd and JM Financial Products Ltd (JMFPL) will undergo a special audit to further probe their regulatory breaches, as the Reserve Bank has initiated the process for the appointment of auditors. The Reserve Bank has floated two separate tenders for the appointment of auditors for special audits of these two non-banking finance companies. Audit firms empanelled by the Securities and Exchange Board of India (Sebi) for forensic audit can participate in the tendering process, and the last date for submission of bids is April 8, as per the tender document published by the Reserve Bank of India. The selected firms will be awarded work on April 12, 2024, as per the bid documents.

Pushkar Singh Dhami said that a committee has been formed to examine all aspects of the Uniform Civil Code, and it will be implemented at the earliest in the state. Speaking to ANI, more than a week after President Droupadi Murmu approved the bill, CM Dhami said, «We had promised the Uniform Civil Code to the people of Uttarakhand. When we went to the people during the 2022 election, we promised that we would implement the UCC soon after the new government was formed. We have kept that promise.» «The President has also given her assent. The process is underway. A committee has also been formed at the departmental level. It is examining all aspects. We will implement it at the earliest,» CM Dhami said.

Philippine troops were injured in the latest China Coast Guard water cannon attack on a Filipino supply vessel near a South China Sea reef, Manila's national security adviser said Sunday. The Philippine government said Saturday's confrontation caused severe damage to the Unaizah May 4 vessel while it was on its way to deliver troops and provisions to a Philippine navy ship grounded atop the Second Thomas Shoal. China claims almost the entire South China Sea, brushing off rival claims from other countries, including the Philippines, and an international ruling that its assertion has no legal basis.

ICICI Securities Ltd its wholly-owned subsidiary. On Friday, Norges Bank Investment Management, which is the single-largest public shareholder in ICICI Securities, voted in favour of the resolution, according to a filing reviewed by Mint. Norway’s $1.55 trillion sovereign wealth fund is an influential voice in deciding the outcome of whether ICICI Securities would continue as a standalone listed business entity, as it owns 3.2%.

Samajwadi Party MLAs who cross-voted for the BJP in the February 27 Rajya Sabha elections have been allocated Y-category security, a senior government official said on Sunday. He added that the four MLAs who got Y-category security are Abhay Singh (Gosaiganj), Manoj Kumar Pandey (Unchahar), Rakesh Pratap Singh (Gauriganj) and Vinod Chaturvedi (Kalpi), respectively. These four MLAs, alongside three other party legislators — Pooja Pal, Rakesh Pandey and Ashutosh Maurya — had cross-voted for the BJP in the Rajya Sabha elections, leading to saffron party candidate Sanjay Seth defeating Samajwadi Party nominee Alok Ranjan. Maharaji Prajapati, another MLA, had abstained.

Lok Sabha Elections 2024: Bollywood actor Neha Sharma may step into the political arena during the upcoming Lok Sabha elections, as hinted by her father, Congress leader Ajay Sharma, NDTV reported. Speaking to reporters, Ajay Sharma, an MLA representing Bihar's Bhagalpur, advocated for his daughter's nomination as a candidate if Congress secures the Bhagalpur seat in the party's seat-sharing arrangement with allies. "Congress should get Bhagalpur, we will fight and win the seat.

Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50, ended the day higher for the third straight session on Friday amid mixed global cues. On Friday's session, the 30-share BSE Sensex ended higher by 190.75 points or 0.26% at 72,831.94 level while the Nifty 50 closed at 22,096.75 level, up 84.80 points or 0.39%.

Lok Sabha polls 2024: 'No NEP and NEET, govt exam in Tamil', here's what DMK manifesto promises He further alleged that the Centre has brought the National Education Policy (NEP) to “destroy the future of children in Tamil Nadu". He accused the Centre of showing bias against Tamil Nadu by not adequately allocating funds, implementing developmental projects, and banning NEET in the state.

Dalal Street investors despite being a truncated one, as all eyes will be on the launch of the ‘T+0’ settlement cycle by exchanges. Trading will take place for only three days in the week ahead, as stock markets are closed on Monday for Holi and on Friday for Good Friday.

Harshvardhan Roongta, CFP, Roongta Securities, says “do not invest in any product to save tax. It is not about insurance or any other investment product. You have to look at the merit of that product. You should ask yourself a question any time that you are going to be looking at investing; would you invest in this product if there were no tax benefits available? If the answer is no, then do not invest in it only to save taxes.” March 31 deadline is almost around the corner and a time when people look at a lot of tax saving instruments. It is usually an insurance policy in most of the cases and this is the time when we see a lot of mis-selling cases rising as far as insurance policies are concerned. A right way to look at insurance should be as an instrument against risk protection. But when it comes to saving taxes, you have a lot of options in insurance. How can one go about it? Harshvardhan Roongta: Yes, we are at the fag-end of the financial year and at this point in time, all the individuals or rather most of them will be running around to save taxes because they have deadlines to finish with their investments to save tax.