Updates Financial News

Every year, the Centre announces dearness allowance (DA) hike twice: usually in March and again in September or October. However, more than one crore central government employees and pensioners are given the hike effective January and July every year, along with arrears.

The Employees’ Provident Fund Organisation (EPFO) has streamlined the process of transferring provident fund (PF) account for employees when they switch jobs. Now, you don’t need to request your previous employer to transfer PF balance from your old account to the new account opened with the new company.

WHEN a salaried employee switches jobs, her provident fund (PF) balance will now get automatically transferred to the new employer without any documentation. The account will get seamlessly transferred the moment the new employer deposits the PF contribution from the employee’s first month’s salary.

Benchmark NSE Nifty closed 246.91 points down at 22272.5 amid selling in frontline bluechip counters.

The NSE Nifty index closed 246.91 points down at 22272.5, while BSE Sensex ended down 845.12 points at 73399.78.

Apple's M4 Macs will kick off with the launch of a revamped 24-inch iMac and an entry-level MacBook Pro, both expected to make their debut in the coming months. These initial releases are just the beginning, with Apple's roadmap outlining a series of upcoming devices designed to meet a variety of user needs. Reportedly, the upcoming releases could include a wallet-friendly 14-inch MacBook Pro and a powerhouse 16-inch MacBook Pro, both driven by the latest M4 Pro/Max chips.

Mutual funds added a whopping 19.71 crore shares of ITC to their portfolios in March — a 16.1% month-on-month jump from the number of shares they held at the end of the previous month. According to a Motilal Oswal note, mutual funds together owned 140.91 crore shares of ITC at the end of March.

Senco Gold, one of the leading pan-India jewelry retailers in India, surged by 19.52% to reach a new all-time high of ₹958 per share during today's trading session. This significant uptick in investor interest follows the release of the company's business update for Q4FY24.

mutual funds. Arbitrage funds look for arbitrage opportunities available between the cash and derivatives markets. In other words, the fund managers in these schemes look for the price difference that they can exploit between the cash and derivatives markets. They may also invest in debt securities and equities if there are no arbitrage opportunities available in the market.

Finance Minister Nirmala Sitharaman says: “Whether it is aimed at employment or not, it is certainly aimed at helping the MSMEs and the small ticket loan seekers. The small ticket loan seekers are the people who cannot give collaterals at all. We had extended a lot of help for them.” Excerpts from the interview

Iran attacks on Israel LIVE Updates: US, allies destroyed over 80 drones, missiles from Iran and Yemen, says Pentagon Late Saturday night, Iran launched a barrage of drones and missiles at Israel in response to Israeli attack on Tehran's consulate in Syria on April 1. Newswire Reuters quoted Macron as saying, “We are all worried about the possible escalation of the Middle East conflict.

₹15,999. Also Read | Infinix Note 40 Pro series launched in India: Check price, specifications and more Realme P1 5G is priced at ₹15,999 for the 6GB RAM/128GB variant and ₹18,999 for the 8GB RAM/256GB storage variant. Moreover, the Realme P1 Pro 5G is priced at ₹21,999 for the 8GB RAM/128GB storage variant and ₹22,999 for the 8GB RAM/256GB storage variant.

The NSE Nifty index was trading 156.16 points down at 22363.25, while BSE Sensex was down 531.3 points at 73713.6 at the time of writing this report.

The NSE Nifty index traded 148.21 points down at 22371.2, while BSE Sensex was down 529.59 points at 73715.31 as of 11:20AM(IST)on April 15.

Transformers & Rectifiers(India)Ltd.(up 4.81%), PTC India Ltd.(up 1.76%), CESC Ltd.(up 1.25%), Power and Instrumentation(Gujarat)Ltd.(up 0.77%), Adani Power Ltd.(up 0.69%), Inox Wind Energy Ltd.(up 0.51%), Karma Energy Ltd.(up 0.46%) and NTPC Ltd.(up 0.34%) were among the top gainers.

Bannari Amman Sugars Ltd.(up 0.80%) were among the top gainers.

Sandur Manganese & Iron Ores Ltd.(up 4.82%), Pokarna Ltd.(up 0.46%) and NMDC Ltd.(up 0.30%) were among the top gainers.

hybrid funds are likely to show their mettle in the coming year. Hybrid mutual funds or schemes that invest mostly in equity and debt fare better in an uncertain or volatile environment. Mutual fund experts believe that markets are likely to be cautious and investors should also proceed with caution. Aggressive hybrid funds are one of the popular hybrid mutual fund categories. These schemes are mandated to invest in a mix of equity (or stocks) and debt. As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volatility better. When the equity market is in turmoil, the debt part of the portfolio softens the blow. This helps new investors to continue with their investments without worrying too much about volatility. If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds. Mutual fund advisors typically recommend aggressive hybrid fund schemes to ‘conservative’ equity investors to create wealth to achieve their long-term financial goals.

American aircraft and planes downed dozens of drones and missiles when Iran launched the attack on Saturday, after Tehran repeatedly threatened to hit back in response to an Israeli strike on its consulate in Damascus that killed two top officers at the beginning of the month. Senior US officials detailed the role Washington played — both militarily and diplomatically — in countering the attack:

Tata Consultancy Services Ltd.(up 0.87 per cent) and HCL Technologies Ltd.(up 0.1 per cent) were among the top gainers.

were among the top gainers.