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IndiaTV Business: Google News Feed: Digest for May 25, 2024

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Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 218.11 points to  73,787.83 in early trade. The Nifty declined 97.45 points to 22,404.55. 
Tehran: Former Iranian President Ebrahim Raisi, a hardline ally of the Islamic cleric establishment and tipped to become the next Supreme Leader of the country, tragically died in a helicopter crash at 63, sending shockwaves across the Middle East and the world. Raisi's death, along with the foreign minister and other officials, comes as Iran faces domestic dissent and the world.
The Employees' Provident Fund Organisation (EPFO) has implemented a new rule to streamline the process of claiming EPF benefits after a member's death. The new rule aims to address difficulties faced by field offices in updating or rectifying Aadhaar details posthumously. The EPFO announced that claims can now be processed without Aadhaar seeding, facilitating easier access to EPF benefits for the families of deceased members. This relaxation is contingent upon approval from the Officer in Charge (OIC) via an e-office file, which must document the verification procedures undertaken.
Stock markets update: Equity benchmark indices opened higher in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 212.21 points to 74,165.52. Meanwhile, the Nifty was also up by 48.35 points to 22,577.40.
Banks in several states will be closed on May 23 on the occasion of Buddha Purnima, as per the holiday list by the Reserve Bank of India. However, online banking services will continue to be accessible, which have come as a boon for the customers, more notably so on the bank holidays.
The two key equity benchmarks, Sensex and Nifty, closed positively amid volatility on Wednesday. The S&P BSE Sensex rose by 268 points to end the day at 74,221, while the NSE Nifty50 gained 69 points, settling at 22,598. On the 30-share Sensex platform, HUL emerged as the top gainer with a rise of 2.45%, followed by Reliance, Infosys, Asian Paints, ITC, and UltraTech Cement. Conversely, SBI, JSW Steel, Axis Bank, ICICI Bank, Tata Steel, and Tata Motors were among the laggards.
Mumbai: Adani Group's market capitalisation on Wednesday surpassed the USD 200 billion mark (Rs 16.9 lakh crore) as its listed firms saw an increase of Rs 11,300 crore. This rise occurred as investors showed renewed confidence in the company, which has denied any wrongdoing in the supply of coal to the Tamil Nadu power company.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90. 

How to link Aadhaar with EPF account? A step-by-step guide

Thursday 23 May 2024 06:09 AM UTC+00
Link Aadhaar with EPF account: The government has made it mandatory to link the Universal Account Number (UAN) with Aadhaar. If you have not linked Aadhaar with your EPF account yet, you can easily do so. According to Section 142 of the Social Security Code 2020, it is compulsory for all employees and unorganised workers to link their Aadhaar card to their EPF account. Employees can link their Aadhaar number with their EPF accounts either online or offline. Here are the steps for both methods.
Benchmark equity indices surged on Thursday, with the Sensex and Nifty reaching their all-time highs. This rally followed the Reserve Bank of India's (RBI) approval of an unprecedented Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank. The 30-share index climbed 951.22 points, or 1.28%, to a record 75,172.28. The index rose by 308.45 points, or 1.36%, reaching an all-time high of 22,906.25.
The Employees' Provident Fund Organisation (EPFO) has implemented a new rule to streamline the process of claiming EPF benefits after a member's death. The new rule aims to address difficulties faced by field offices in updating or rectifying Aadhaar details posthumously. The EPFO announced that claims can now be processed without Aadhaar seeding, facilitating easier access to EPF benefits for the families of deceased members. This relaxation is contingent upon approval from the Officer in Charge (OIC) via an e-office file, which must document the verification procedures undertaken.
Stock markets update: Equity benchmark indices opened higher in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 212.21 points to 74,165.52. Meanwhile, the Nifty was also up by 48.35 points to 22,577.40.
Banks in several states will be closed on May 23 on the occasion of Buddha Purnima, as per the holiday list by the Reserve Bank of India. However, online banking services will continue to be accessible, which have come as a boon for the customers, more notably so on the bank holidays.
The two key equity benchmarks, Sensex and Nifty, closed positively amid volatility on Wednesday. The S&P BSE Sensex rose by 268 points to end the day at 74,221, while the NSE Nifty50 gained 69 points, settling at 22,598. On the 30-share Sensex platform, HUL emerged as the top gainer with a rise of 2.45%, followed by Reliance, Infosys, Asian Paints, ITC, and UltraTech Cement. Conversely, SBI, JSW Steel, Axis Bank, ICICI Bank, Tata Steel, and Tata Motors were among the laggards.
Mumbai: Adani Group's market capitalisation on Wednesday surpassed the USD 200 billion mark (Rs 16.9 lakh crore) as its listed firms saw an increase of Rs 11,300 crore. This rise occurred as investors showed renewed confidence in the company, which has denied any wrongdoing in the supply of coal to the Tamil Nadu power company.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90. 

How to link Aadhaar with EPF account? A step-by-step guide

Thursday 23 May 2024 06:09 AM UTC+00
Link Aadhaar with EPF account: The government has made it mandatory to link the Universal Account Number (UAN) with Aadhaar. If you have not linked Aadhaar with your EPF account yet, you can easily do so. According to Section 142 of the Social Security Code 2020, it is compulsory for all employees and unorganised workers to link their Aadhaar card to their EPF account. Employees can link their Aadhaar number with their EPF accounts either online or offline. Here are the steps for both methods.
Benchmark equity indices surged on Thursday, with the Sensex and Nifty reaching their all-time highs. This rally followed the Reserve Bank of India's (RBI) approval of an unprecedented Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank. The 30-share index climbed 951.22 points, or 1.28%, to a record 75,172.28. The index rose by 308.45 points, or 1.36%, reaching an all-time high of 22,906.25.

Gold and silver prices on May 24: Check city-wise rates

Friday 24 May 2024 04:16 AM UTC+00
Business news: Gold prices witnessed a slight decrease on Friday (May 24). The cost of 24 carat gold is Rs 7,174 per gram, which is down by Rs 110. The cost of 10 gram of gold is Rs 71,740. The cost of 22 carat gold is Rs 6,576 per gram. The price change in 24 carat gold since yesterday was -0.150% till 9.38 am.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex reached an all-time high as it surged by 104.38 points to 75,525.48. Meanwhile, the Nifty index experienced a modest rise, gaining 15.45 points to stand at 22,983.10. 
Stock markets update: Equity benchmark indices opened higher in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 212.21 points to 74,165.52. Meanwhile, the Nifty was also up by 48.35 points to 22,577.40.
Banks in several states will be closed on May 23 on the occasion of Buddha Purnima, as per the holiday list by the Reserve Bank of India. However, online banking services will continue to be accessible, which have come as a boon for the customers, more notably so on the bank holidays.
The two key equity benchmarks, Sensex and Nifty, closed positively amid volatility on Wednesday. The S&P BSE Sensex rose by 268 points to end the day at 74,221, while the NSE Nifty50 gained 69 points, settling at 22,598. On the 30-share Sensex platform, HUL emerged as the top gainer with a rise of 2.45%, followed by Reliance, Infosys, Asian Paints, ITC, and UltraTech Cement. Conversely, SBI, JSW Steel, Axis Bank, ICICI Bank, Tata Steel, and Tata Motors were among the laggards.
Mumbai: Adani Group's market capitalisation on Wednesday surpassed the USD 200 billion mark (Rs 16.9 lakh crore) as its listed firms saw an increase of Rs 11,300 crore. This rise occurred as investors showed renewed confidence in the company, which has denied any wrongdoing in the supply of coal to the Tamil Nadu power company.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90. 

How to link Aadhaar with EPF account? A step-by-step guide

Thursday 23 May 2024 06:09 AM UTC+00
Link Aadhaar with EPF account: The government has made it mandatory to link the Universal Account Number (UAN) with Aadhaar. If you have not linked Aadhaar with your EPF account yet, you can easily do so. According to Section 142 of the Social Security Code 2020, it is compulsory for all employees and unorganised workers to link their Aadhaar card to their EPF account. Employees can link their Aadhaar number with their EPF accounts either online or offline. Here are the steps for both methods.
Benchmark equity indices surged on Thursday, with the Sensex and Nifty reaching their all-time highs. This rally followed the Reserve Bank of India's (RBI) approval of an unprecedented Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank. The 30-share index climbed 951.22 points, or 1.28%, to a record 75,172.28. The index rose by 308.45 points, or 1.36%, reaching an all-time high of 22,906.25.

Gold and silver prices on May 24: Check city-wise rates

Friday 24 May 2024 04:16 AM UTC+00
Business news: Gold prices witnessed a slight decrease on Friday (May 24). The cost of 24 carat gold is Rs 7,174 per gram, which is down by Rs 110. The cost of 10 gram of gold is Rs 71,740. The cost of 22 carat gold is Rs 6,576 per gram. The price change in 24 carat gold since yesterday was -0.150% till 9.38 am.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex reached an all-time high as it surged by 104.38 points to 75,525.48. Meanwhile, the Nifty index experienced a modest rise, gaining 15.45 points to stand at 22,983.10. 
Digital payments firm Paytm is reportedly contemplating a workforce reduction of approximately 15-20 per cent in the ongoing financial year as part of its strategy to reduce employee costs. In the last fiscal year, FY23, the company maintained an average workforce count of 32,798, with 29,503 actively contributing to its operations. 
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90. 

How to link Aadhaar with EPF account? A step-by-step guide

Thursday 23 May 2024 06:09 AM UTC+00
Link Aadhaar with EPF account: The government has made it mandatory to link the Universal Account Number (UAN) with Aadhaar. If you have not linked Aadhaar with your EPF account yet, you can easily do so. According to Section 142 of the Social Security Code 2020, it is compulsory for all employees and unorganised workers to link their Aadhaar card to their EPF account. Employees can link their Aadhaar number with their EPF accounts either online or offline. Here are the steps for both methods.
Benchmark equity indices surged on Thursday, with the Sensex and Nifty reaching their all-time highs. This rally followed the Reserve Bank of India's (RBI) approval of an unprecedented Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank. The 30-share index climbed 951.22 points, or 1.28%, to a record 75,172.28. The index rose by 308.45 points, or 1.36%, reaching an all-time high of 22,906.25.

Gold and silver prices on May 24: Check city-wise rates

Friday 24 May 2024 04:16 AM UTC+00
Business news: Gold prices witnessed a slight decrease on Friday (May 24). The cost of 24 carat gold is Rs 7,174 per gram, which is down by Rs 110. The cost of 10 gram of gold is Rs 71,740. The cost of 22 carat gold is Rs 6,576 per gram. The price change in 24 carat gold since yesterday was -0.150% till 9.38 am.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex reached an all-time high as it surged by 104.38 points to 75,525.48. Meanwhile, the Nifty index experienced a modest rise, gaining 15.45 points to stand at 22,983.10. 
Digital payments firm Paytm is reportedly contemplating a workforce reduction of approximately 15-20 per cent in the ongoing financial year as part of its strategy to reduce employee costs. In the last fiscal year, FY23, the company maintained an average workforce count of 32,798, with 29,503 actively contributing to its operations. 
The Sensex and Nifty reached record highs during intraday trade before settling flat amid market volatility on Friday. The S&P BSE Sensex hit a new peak of 75,636.5 but closed at 75,410, down 8 points. Similarly, the NSE Nifty50 crossed the 23,000-mark before closing 11 points lower at 22,957.
Getting health insurance is often easy but to get the claim settled requires a lot of paperwork and time, thereby making it a complicated and hectic process for all the stakeholders – the insurance company, hospitals, labs and patients. To solve this problem and make mediclaim more easy and effective, the Union Health Ministry is making strides with a National Health Claim Exchange (NHCX). 
The Reserve Bank of India in its latest release on Friday stated that the Indian foreign exchange reserve has risen to an all-time high $648.7 billion for the week ending May 17.
Google has proposed to invest in e-commerce giant Flipkart, aiming to acquire a minority stake as part of Flipkart's latest funding round led by Walmart, the company announced on Friday. Flipkart stated that the investment by Google is subject to regulatory and customary approvals from both parties. The exact amount of Google's investment and the total funds being raised have not been disclosed.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90. 

How to link Aadhaar with EPF account? A step-by-step guide

Thursday 23 May 2024 06:09 AM UTC+00
Link Aadhaar with EPF account: The government has made it mandatory to link the Universal Account Number (UAN) with Aadhaar. If you have not linked Aadhaar with your EPF account yet, you can easily do so. According to Section 142 of the Social Security Code 2020, it is compulsory for all employees and unorganised workers to link their Aadhaar card to their EPF account. Employees can link their Aadhaar number with their EPF accounts either online or offline. Here are the steps for both methods.
Benchmark equity indices surged on Thursday, with the Sensex and Nifty reaching their all-time highs. This rally followed the Reserve Bank of India's (RBI) approval of an unprecedented Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank. The 30-share index climbed 951.22 points, or 1.28%, to a record 75,172.28. The index rose by 308.45 points, or 1.36%, reaching an all-time high of 22,906.25.

Gold and silver prices on May 24: Check city-wise rates

Friday 24 May 2024 04:16 AM UTC+00
Business news: Gold prices witnessed a slight decrease on Friday (May 24). The cost of 24 carat gold is Rs 7,174 per gram, which is down by Rs 110. The cost of 10 gram of gold is Rs 71,740. The cost of 22 carat gold is Rs 6,576 per gram. The price change in 24 carat gold since yesterday was -0.150% till 9.38 am.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex reached an all-time high as it surged by 104.38 points to 75,525.48. Meanwhile, the Nifty index experienced a modest rise, gaining 15.45 points to stand at 22,983.10. 
Digital payments firm Paytm is reportedly contemplating a workforce reduction of approximately 15-20 per cent in the ongoing financial year as part of its strategy to reduce employee costs. In the last fiscal year, FY23, the company maintained an average workforce count of 32,798, with 29,503 actively contributing to its operations. 
The Sensex and Nifty reached record highs during intraday trade before settling flat amid market volatility on Friday. The S&P BSE Sensex hit a new peak of 75,636.5 but closed at 75,410, down 8 points. Similarly, the NSE Nifty50 crossed the 23,000-mark before closing 11 points lower at 22,957.
Getting health insurance is often easy but to get the claim settled requires a lot of paperwork and time, thereby making it a complicated and hectic process for all the stakeholders – the insurance company, hospitals, labs and patients. To solve this problem and make mediclaim more easy and effective, the Union Health Ministry is making strides with a National Health Claim Exchange (NHCX). 
The Reserve Bank of India in its latest release on Friday stated that the Indian foreign exchange reserve has risen to an all-time high $648.7 billion for the week ending May 17.
Google has proposed to invest in e-commerce giant Flipkart, aiming to acquire a minority stake as part of Flipkart's latest funding round led by Walmart, the company announced on Friday. Flipkart stated that the investment by Google is subject to regulatory and customary approvals from both parties. The exact amount of Google's investment and the total funds being raised have not been disclosed.
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 41.65 points to 74,262.71. Meanwhile, the Nifty was also up by 20.1 points to 22,617.90. 

How to link Aadhaar with EPF account? A step-by-step guide

Thursday 23 May 2024 06:09 AM UTC+00
Link Aadhaar with EPF account: The government has made it mandatory to link the Universal Account Number (UAN) with Aadhaar. If you have not linked Aadhaar with your EPF account yet, you can easily do so. According to Section 142 of the Social Security Code 2020, it is compulsory for all employees and unorganised workers to link their Aadhaar card to their EPF account. Employees can link their Aadhaar number with their EPF accounts either online or offline. Here are the steps for both methods.
Benchmark equity indices surged on Thursday, with the Sensex and Nifty reaching their all-time highs. This rally followed the Reserve Bank of India's (RBI) approval of an unprecedented Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank. The 30-share index climbed 951.22 points, or 1.28%, to a record 75,172.28. The index rose by 308.45 points, or 1.36%, reaching an all-time high of 22,906.25.

Gold and silver prices on May 24: Check city-wise rates

Friday 24 May 2024 04:16 AM UTC+00
Business news: Gold prices witnessed a slight decrease on Friday (May 24). The cost of 24 carat gold is Rs 7,174 per gram, which is down by Rs 110. The cost of 10 gram of gold is Rs 71,740. The cost of 22 carat gold is Rs 6,576 per gram. The price change in 24 carat gold since yesterday was -0.150% till 9.38 am.
Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex reached an all-time high as it surged by 104.38 points to 75,525.48. Meanwhile, the Nifty index experienced a modest rise, gaining 15.45 points to stand at 22,983.10. 
Digital payments firm Paytm is reportedly contemplating a workforce reduction of approximately 15-20 per cent in the ongoing financial year as part of its strategy to reduce employee costs. In the last fiscal year, FY23, the company maintained an average workforce count of 32,798, with 29,503 actively contributing to its operations. 
The Sensex and Nifty reached record highs during intraday trade before settling flat amid market volatility on Friday. The S&P BSE Sensex hit a new peak of 75,636.5 but closed at 75,410, down 8 points. Similarly, the NSE Nifty50 crossed the 23,000-mark before closing 11 points lower at 22,957.
Getting health insurance is often easy but to get the claim settled requires a lot of paperwork and time, thereby making it a complicated and hectic process for all the stakeholders – the insurance company, hospitals, labs and patients. To solve this problem and make mediclaim more easy and effective, the Union Health Ministry is making strides with a National Health Claim Exchange (NHCX). 
The Reserve Bank of India in its latest release on Friday stated that the Indian foreign exchange reserve has risen to an all-time high $648.7 billion for the week ending May 17.
Google has proposed to invest in e-commerce giant Flipkart, aiming to acquire a minority stake as part of Flipkart's latest funding round led by Walmart, the company announced on Friday. Flipkart stated that the investment by Google is subject to regulatory and customary approvals from both parties. The exact amount of Google's investment and the total funds being raised have not been disclosed.
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