EPFO board approves framework for timely dissemination of information
The EPFO board also approved the Draft Audit Manual which will help standardize audit procedures, provide a training resource for employees, facilitate decision-making, and consolidate audit information in EPFO, the Ministry of Labour & Employment said in a statement. The decisions were taken at EPFO’s 71st Foundation Day on Tuesday.
Musk & Tesla see combined $100 bn wealth erosion since Twitter takeover
Elon Musk’s net worth and Tesla’s market cap have seen a combined loss of about $100 billion since he took over Twitter in October-end last year. This is in addition to X’s (formerly Twitter) valuation markdown to $19 billion. Musk spent $44 billion on Twitter a year ago to allow more free speech and turn […]
7 consumer discretionary stks hit 52-week high on Wednesday
During Wednesday’s trading session, the benchmark index Sensex dropped around 284 points, ending the day at 63,591. Despite this decline, 7 stocks from the BSE Consumer Discretionary index reached their highest prices in the last 52 weeks. The 52-week high holds significant importance for traders and investors as it serves as a crucial technical indicator […]
RBI launches two key surveys for monetary policy inputs
While the ‘Inflation Expectations Survey of Households’ captures subjective assessments on price movements and inflation based on their individual consumption baskets, the ‘Consumer Confidence Survey’ seeks responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households’ income and spending.
Tata Steel to issue 7.58 crore shares to Tata Steel Long Products shareholders under merger plan
Shareholders of Tata Steel Long Products will get 67 shares of Tata Steel for every 10 shares held by them in the former.
Hero MotoCorp’s Pawan Munjal to take 20% pay cut following split in Chairman and CEO roles
Earlier this year, Hero decided to separate the roles of the Chairman & CEO and appoint a CEO for the company. Following this transition, Munjal volunteered to reduce his fixed salary. Munjal has been accused of forgery and fraud charges in an FIR filed by the Delhi Police recently. The Delhi High Court later stayed […]
Auto ancillary player ASK Automotive to launch IPO on November 7. Check details
The company supplies safety systems and critical engineering solutions with in-house designing, developing and manufacturing capabilities.
Protean eGov Technologies IPO to open on November 6, sets Rs 752-792 price band
Protean eGov Technologies IPO is completely an offer for sale of 61.9 lakh shares. Under the OFS, 360 One Special Opportunities Fund, NSE Investments, HDFC Bank, Axis Bank, Deutsche Bank among others will offload partial stakes. The OFS size has been reduced from 1.28 crore shares planned earlier.
Chart Check: 25% rally in a month! Should you book profits or buy after the recent rally?
Short term traders can look to buy the stock on marginal fall for a target above Rs 1300 levels, suggest experts. The stock closed at Rs 1136 on 31 October 2023.
Patanjali Foods shares jump 5% to fresh 52-week high as stock exits ASM framework
ASM or additional surveillance framework is part of the initiatives taken by the Securities and Exchange Board of India and stock exchanges to enhance market integrity and safeguard the interest of investors. ASM framework is based on objective parameters with price, volume variation, volatility, etc.