Author: Invest Policy

Rappid Valves (India) Limited is set to launch its Initial Public Offering (IPO) on 23rd September 2024. The engineering company, known for its wide range of valve solutions, is aiming to raise ₹30.41 crore through this public issue. The IPO will remain open for subscription until 25th September, offering investors a limited window to participate. Price Band and Investment Details The price band for the Rappid Valves IPO is set between ₹210 and ₹222 per share. Investors interested in subscribing to the issue will need to apply for a minimum lot size of 600 shares. This translates to a minimum…

The much-anticipated Initial Public Offering (IPO) of Manba Finance, a non-banking finance company (NBFC), is set to open on 23rd September 2024. The company aims to raise Rs 150.84 crore through this public issue, with investors able to subscribe until 25th September. Ahead of the official opening, the grey market has shown a strong demand for the IPO, reflecting positive sentiment among investors. Grey Market Premium (GMP) Signals 50% Gains In the grey market, Manba Finance’s IPO is trading at a premium of Rs 60 as of 22nd September 2024. This premium indicates that shares could potentially list at around…

The Railway Recruitment Board (RRB) has announced its 2024 NTPC (Non-Technical Popular Category) recruitment for 3445 undergraduate posts, offering an excellent opportunity for 12th pass candidates. The application process has already begun, and interested individuals can apply through the official website rrbapply.gov.in. The deadline to complete and submit applications is October 20, 2024. Post-Wise Vacancy Details for RRB NTPC Recruitment There are a variety of roles available, each with a designated number of vacancies. Here’s a breakdown of the positions and their details: All these posts fall under the undergraduate category, and candidates between the ages of 18 and 33…

Bajaj Holdings & Investment Limited (BHIL), a key company in the Bajaj Group, has declared an interim dividend of ₹65 per share for the financial year 2024-25. This news follows the company’s board meeting held on 12 September 2024. The record date to determine which shareholders will be eligible to receive the dividend has been set as 25 September 2024. Dividend Details and Dispatch Date All shareholders who have their names listed in the company’s Register of Members or as beneficial owners with depositories by 25 September 2024 will be eligible for this dividend payout. BHIL has also informed the…

The Indian government is gearing up to start preparing the budget for the financial year 2025-26. This process, led by the Finance Ministry, will begin in the second week of October 2024. The budget will emphasize critical issues like employment generation, increasing demand, and reforms to maintain the growth momentum of the economy. India has recorded growth of over 7% for four consecutive financial years, and the upcoming budget aims to keep this progress going. Pre-Budget Meetings to Begin in October The Department of Economic Affairs has issued the Budget Circular 2025-26, marking the official start of budget preparations. Pre-budget…

Most of us use ATM cards every day, whether it’s for withdrawing money, making purchases, or paying bills. Thanks to initiatives like the Pradhan Mantri Jan Dhan Yojana and RuPay cards, ATM cards have become an essential part of our financial lives. However, many people are unaware that ATM cards also come with free insurance coverage, including accidental and life insurance, without requiring any premium payment. If you’ve been using your ATM or debit card regularly, you may be eligible to claim insurance benefits in case of an accident or untimely death. This insurance is offered automatically when you receive…

In India, UPI (Unified Payments Interface) has become a vital part of everyday transactions. From small tea stalls to supermarkets, UPI payments are accepted almost everywhere. The convenience it offers is largely due to two factors: easy access to the internet and, importantly, the fact that there are no additional transaction fees for users. But what would happen if the government started charging for UPI transactions? This question has sparked much debate, and a recent survey offers some shocking insights into how users would react if UPI became a paid service. Survey Reveals Strong Opposition to UPI Fees According to…

This week, the Indian stock market is expected to take its cues from global market trends and the activities of foreign institutional investors (FIIs), as no significant domestic events are on the horizon. With the settlement of monthly derivative contracts, experts predict some volatility in market movements. Analysts suggest that last week’s Federal Reserve interest rate cut of 0.50% has set the stage for increased foreign investment, particularly in emerging markets like India. Strong FII Inflows Driving Market Surge Last week, FIIs made significant investments in the Indian markets, further boosting the already strong performance. On Friday alone, FIIs poured…

The Central Board of Direct Taxes (CBDT) has officially notified the launch of the “Direct Tax Vivad Se Vishwas Scheme” under the Finance No. 2 Act, 2024. This scheme, announced during the 2024 budget by Union Finance Minister Nirmala Sitharaman, aims to expedite the resolution of income tax disputes. The new initiative is scheduled to be implemented across the country from October 1, 2024. This scheme is part of the government’s continuous efforts to reduce litigation and settle tax-related issues efficiently. It is designed to offer a structured and simplified approach for taxpayers to settle pending disputes. Simple Forms and…

Mutual funds are often known for their long-term wealth generation, but some schemes have defied expectations by delivering exceptional returns in a short span. For those who made monthly SIPs (Systematic Investment Plans), the returns over the last year from certain schemes were significant. ET Now identified five mutual fund schemes that delivered over 55% returns in just one year, transforming small investments into a much larger corpus. Let’s take a closer look at these top-performing mutual fund schemes. 1. Quant Healthcare Fund – A Strong Performer in Healthcare Quant Healthcare Fund has been a solid performer in the healthcare…