Indian equity benchmarks soared to all-time highs
On Friday, Indian equity benchmarks soared to new all-time highs, with the BSE benchmark index, the S&P BSE Sensex, reaching 60,000 for the first time and the Nifty surging past 17,900, a key psychological barrier.
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Multinational corporations (MNCs) are businesses that operate across multiple nations at the same time. In other words, a multinational corporation has operations and assets in at least one country other than its own.
Account-holders of two nationalized banks will need to get their cheque books replaced or updated as of 1st October 2021, since they will cease to function. Allahabad Bank, Oriental Bank of Commerce (OBC), and United Bank of India are the banks whose cheque books will stop functioning on October 1. These three banks have since been owned by other banking institutions.
The roughly 21,000 crore rights issue by telecom major Bharti Airtel will open on October 5, and the Sunil Mittal-led company has set September 28 as the record date for rights entitlement in the transaction.
State Bank of India, the country's largest lender, offers a variety of credit cards categorized as Lifestyle Cards, Reward Cards, Shopping Cards, Travel & Fuel Cards, Banking Partnership Cards, and Business Cards to help you discover the perfect fit for your needs. That being said, if you are a first-time SBI Credit Card user or have recently registered for a new card.
The price of petrol stayed steady on Friday, but the price of diesel was raised across the country. Petrol costs Rs 101.19 per litre in Delhi, while diesel costs Rs 88.82 per litre, a rise of 20 paise.
Aditya Birla Sun Life AMC is a joint venture entity between Aditya Birla Capital and Canada based Sun Life AMC. As per the offer document, Sun Life will pare 12.56 percent of its holding in the firm, while Aditya Birla would divest a little below 1 percent.
SBI Funds Management Private Limited (SBIFMPL) is one of the largest fund houses of India having a joint venture with State Bank of India and AMUNDI. Investors can choose from around 147 plans offered by SBI Mutual Fund. SBI Mutual Funds' retail category has seen a 41 percent CAGR over the previous five years, from FY 2016 to FY 2021. Profitability at SBIMF.
In India gold rates on Sept 23, have dropped marginally, as the US Fed Chairman Jerome Powell sounded optimistic at the end of the Federal Open Market Committee (FOMC) meeting about the USA's economic recovery. 22 carat gold price is quoted at Rs. 45,300 and 24 carat gold is quoted at Rs. 46,300 per 10 grams.
A conservative hybrid fund, according to SEBI guidelines, should invest 10 to 25% of total assets in equity and equity-related products, and 75 to 90% of total assets in debt instruments. A conservative hybrid fund is an open-ended hybrid fund that primarily invests in debt instruments while allocating a portion of its assets to equity-related securities.
The union government of India is stressing the Permanent Account Number (PAN) of the Indians immensely and has also extended the deadline for PAN-Aadhaar linking till March 31, 2022. PAN is now a mandatory tool for any investment, saving, or online transaction, and keeping that in mind, LIC Ltd. has urged the customers to link the PAN with LIC policies.
Source : GoodReturns
Piyush Verma
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