BUSINESS
EPFO added 16.82 lakh members in September
According to data released by the EPFO, the net enrolment during the month was 21.85 per cent higher than the monthly average recorded during the last fiscal. As per data, 2,861 new establishments started complying under the Employees' Provident Funds & Miscellaneous Provisions Act, 1952 ensuring social security cover to their employees.
Bezos warns of recession, advises people to avoid expensive purchases
In an interview with CNN, he advised consumers to keep their cash safe and avoid unnecessary spending. Due to the recession fear, he advised Americans to avoid purchasing high-ticket items such as expensive cars and televisions.
War erupts between Nippon Life, RCAP Administrator and Aditya Birla Sun Life over RNLIC stake
Miffed at the entry of Aditya Birla Sun Life in the bidding process of RNLIC, and that too so close to the binding bids submission deadline, Nippon Life, a 49 per cent stakeholder in RNLIC, has made it clear to the Administrator and Aditya Birla Sun life that it is not interested in merging with Aditya Birla Insurance or sell its stake, at any cost.
Twins for Anand Piramal, Isha Ambani-Piramal
Their scions Anand Piramal and his wife Isha have been blessed with a set of twins on Saturday, November 19, the two excited families announced here on Sunday. They are - a baby girl named Aadiya and her twin brother Krishna. Both the infant siblings are doing well, said the two elated families, rejoicing over the happy development.
Mother Dairy hikes full-cream milk price by Rs 1, token milk by Rs 2 a litre
The new rates would come into effect from Monday (November 21). This is the fourth price hike this year effected by Mother Dairy. After the latest hike, full-cream milk will cost Rs 64 per litre, while token milk will cost Rs 50 per litre, a company spokesperson said. The company though has not revised the price of full-cream milk is sold in 500 ml packs.
Markets reward PSBs, push up their market caps
Looking at the table in the article one can see that the benchmark indices saw a small decline in the first quarter of 22-23 with BSESENSEX losing 9.48 per cent and NIFTY down 9.65 per cent against BANK NIFTY losing less at 8.11 per cent. In the second quarter of 22-23, BANK NIFTY gained 15.58 per cent against BSESENSEX gaining 8.31 per cent and NIFTY gaining 8.33 per cent.
Now or never setup to make lifetime intraday highs
BSESENSEX lost 131.56 points or 0.21 per cent to close at 61,663.48 points while NIFTY lost 42.05 points or 0.23 per cent to close at 18,307.65 points. The broader markets saw BSE100, BSE200 and BSE500 lose 0.53 per cent, 0.68 per cent and 0.68 per cent, respectively. BSEMIDCAP lost 1.30 per cent while BSESMALLCAP was down 0.81 per cent. Markets gained on two of the five trading sessions and lost on the remaining three. There were no significant moves in either direction.
India likely to grow at 6.5-7.1% in current fiscal: Deloitte
Deloitte expects "India to post a 6.5-7.1 per cent growth during 2022-23 and 5.5-6.1 per cent the following year contingent on the revival of the global economy and improving economic fundamentals." India's gross domestic product (GDP) grew by 8.7 per cent in 2021-22.
ED again gets active in Saradha Ponzi scam, freezes bank accounts of erstwhile director
Rajat Majumdar, the retired director general of the West Bengal Police who later became the vice-chairman of the Saradha Group, had also joined active politics as the Trinamool Congress's state vice-president. In September 2014, the Central Bureau of Investigation (CBI) arrested Majumdar in connection with the agency's ongoing probe into the Rs 2,000 crore Saradha Ponzi scam. ED sources informed that Majumdar was also questioned at the agency's Salt Lake office in two phases till late Saturday night.
RBI report flags large-scale variation in property tax collection across civic bodies
There is a large-scale variation in property tax revenue of municipal bodies of different states. For instance, municipal bodies in Delhi and Gujarat recorded the property tax revenue receipts of Rs 2,940 crore and Rs 1,548.69 crore respectively during 2019-20. On the other hand, the property tax revenue of Uttar Pradesh and Rajasthan was Rs 936.77 crore and Rs 343.98 crore respectively during the same year.
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