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₹5,000 per plan/option and in multiples of Re 1. There is no upper limit for investment. Under normal circumstances, the asset allocation of the scheme will be as follows:Indicative allocations (% of total assets)MinimumMaximumSecurities covered by the Nifty50 Equal Weight index95%100%Medium to HighGovernment securities including triparty repo, and units of liquid mutual fund0%5%Low to Medium To date, Kotak Mahindra Mutual Fund House and UTI Mutual Fund have launched similar funds.

Formal job creation under the Employees’ State Insurance Corporation fell 7.5% month-on-month with 1.59 million new employees added to it in November as against 1.72 million added in October. This is the lowest new subscriber addition under ESIC in the current fiscal so far. ESIC added 1.78 million subscribers in April, 2.02 million subscribers each in May and June, 1.98 million in July, 1.94 million in August and 1.88 million in September.

Capital Small Finance Bank, Krystal Integrated Services and Vibhor Steel Tubes — have received Sebi's go-ahead to raise funds through Initial Public Offerings (IPOs). All three firms, which filed their preliminary IPO papers with the capital markets regulator in October 2023, obtained their observation letters during January 8-12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi's parlance, obtaining its observation letter means its approval to float the public issue.

Pat Cummins wins ICC Men's Player of the Month award for bowling heroics in the Test triumph against Pakistan. Meanwhile, Deepti Sharma of India won the maiden ICC Women's Player of the Month award thanks to her multi-format brilliance against England and Australia, according to a release from the International Cricket Council (ICC) on Tuesday. ICC revealed the Men's and Women's Player of the Month award winners for December 2023 after shortlists were announced last week. Pat Cummins caps a spectacular 2023 with the ICC Men's Player of the Month award for December, following a supreme bowling performance in his side's victorious Test series against Pakistan. On the other hand, Deepti Sharma won her first ICC Women's Player of the Month prize after batting and bowling brilliance in all three formats secured notable victories for India over strong opposition in England and Australia. Cummins was at the forefront of Australia's Test success over Pakistan in December, demonstrating the leadership and bowling prowess that personified Australia's surge to success in 2023, winning their maiden World Test Championship mace, and their sixth Men's Cricket World Cup crown earlier in the year. The highlight of another spectacular month for Cummins came in the side's second Test victory over Pakistan in Melbourne.

IndiGo is currently grappling with a surge in passenger complaints and public outcry, ranging from incidents of apron dining to slapping and verbal spats. Passengers of an IndiGo flight, delayed and diverted from Goa to Mumbai, sparked controversy by using the airport apron as a dining area upon disembarking. The apron, designated for aircraft activities, raised concerns over safety norms.

In a recent unforeseen turn of events, Bitcoin (BTC) experienced a dramatic fluctuation in its price, prompting a market-wide reevaluation and a shift of focus towards Ethereum (ETH) and Retik Finance.

ICICI Securities calculations suggest that India’s first US Dollar 1 trillion market cap (m-cap) stock could emerge by 2032. Reliance Industries , HDFC Bank , Bajaj Finance are amongst the top contenders that could reach $1 trillion market value by 2032 as per ICICI Securities. The macro framework for any company reaching the $1 trillion market value is based on the assumption of reaching peak corporate profitability (7% ‘net profit to GDP" ratio) in the listed space driven by gradual advancement towards peak GDP growth of 9%.

Also Read: Budget 2024-25: Three key expectations for the real estate sector Quicker debt freedom: Prepaying hastens loan redemption, shrinking the burden of debt faster. This translates to reduced interest payments and a lighter financial load. Peace of mind: Eliminating a significant debt can be liberating, boosting security and offering greater financial control.

Mumbai-Ahmedabad bullet train project. The company added that the order has been bagged from an authorised Japanese agency. "The railways strategic business group of L&T Construction has secured a mega contract to ....construct 508 route km of high-speed electrification system works for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, popularly referred to as the bullet train project," the company said in a filing to BSE.

Welspun Living as its 'top pick of the week'. This is on the back of the promising long-term potential in the textile sector, raw material price correction, improvement in margins, developing branded presence and macroeconomic tailwinds. The brokerage has a ‘buy’ call on the stock with a target price of ₹175, implying a potential upside of over 14 percent.

AFP. Ramaswamy, 38, endorsed his rival, former President Donald Trump. He has previously called Trump the “best president of the 21st century" even as he tried to convince Republican voters that they should opt for “fresh legs" and “take our America First agenda to the next level." The wealthy political outsider also modeled his bid on Trump's run, campaigning as a fast-talking, headline-grabbing populist who relentlessly needled opponents.

Dharavi Redevelopment Project: Adani Group announced its commitment to provide new 350 sq ft flats to eligible residents of the Dharavi slum clusters. Engaged in the redevelopment of Dharavi slums in partnership with the Maharashtra government, the Adani Group emphasized that the size of these flats is "17 per cent more" than those typically offered in slum redevelopment projects on January 16.

₹250.10 apiece on the BSE. The demerged entity of Reliance Industries, Jio Financial Services Ltd (JFSL) recorded a 56% quarter-on-quarter (QoQ) decline in their net profit for the third quarter of FY24 at ₹293.82 crore from ₹668.18 crore in the September quarter. The company’s revenue in Q3FY24 slumped 32% to ₹413.61 crore from ₹608.04 crore, QoQ.

Chinese law enforcers say they have shut down a gang that was using digital yuan wallets to launder money.

Preesha Chakraborty, an Indian-American schoolgirl from Fremont, California, has been recognised among the «world's brightest» students by the esteemed Johns Hopkins Centre for Talented Youth (JH-CTY). Preesha, a Grade 3 student at Warm Spring Elementary school, secured her position on this global list following the results of above-grade-level tests that encompassed over 16,000 students spanning 90 countries.

At least $1 trillion of government securities traded daily in the most populous nation and biggest democracy is poised to become the darling of international investors when India this year joins the benchmark for emerging-market debt compiled by JPMorgan Chase & Co. India's entry following Russia’s exclusion after Vladimir Putin's 2022 invasion of Ukraine (and 2014 seizure of Crimea) and when China's sovereign debt is losing its luster, will make Asia's third-largest economy a beneficiary of as much as $40 billion of inflows during the next 18 months, according to Goldman Sachs Group Inc.

PNB Housing Finance with a target price of Rs 1025. The current market price of PNB Housing Finance Ltd.

HashKey Group said on Tuesday that it raised nearly $100 million after the completion of a Series A financing round, at a pre-money valuation exceeding $1.2 billion. HashKey said the newly raised capital will be used to strengthen its Web3 ecosystem, enhance product diversification of its licensed business in Hong Kong and support the Group's global development.

BSE Sensex experienced a surge of 759 points, reaching 73,328, primarily driven by gains in the technology sector, banking stocks, and Reliance Industries. Simultaneously, the Nifty 50 saw a substantial increase of 203 points, crossing the 22,098 mark, as expected. A total of 31 companies are scheduled to release their Q3 results today.

Even as Delhi shivers, tempers are flaring at its airport. On Monday, a passenger on a Delhi-to-Goa flight was arrested after he assaulted the pilot, who had stepped into the passenger cabin to announce a delay in taking off on account of heavy fog. While circumstances can get aggravating for passengers confined to a long metal tube for longer than they expect, what the irate passenger did was unpardonable.

Sensex surged 759.49 points, or 1.05%, to end at 73,327.94, while the Nifty 50 ended 202.90 points, or 0.93%, higher at 22,097.45. Nifty 50 formed a reasonable positive candle on the daily chart with gap up opening and with lower shadow. Technically, this pattern indicates confirmation of sharp upside breakout of the important hurdle.