80C 1.5 Lakh limit to increase to 2.5 L
The current ₹1.5 lakh limit under Section 80C has remained unchanged for years. There have been calls for an increase in the limit and the rationalization of eligible instruments. There is widespread anticipation for the limit of section 80C being raised to Rs 2.5 lakh.
ADANI WILMAR: CO ACHIEVED ROBUST VOLUME GROWTH OF 13% (YOY) || CO Q1 TOTAL SALES VALUE UP 11% (YOY)
Adani Wilmar achieved robust volume growth of 13% (YOY) in Q1. The company's Q1 total sales value was up 11% (YOY). The volume of Adani Wilmar's branded exports increased by 36% YOY in Q1.
Nifty ended Friday’s session 22 points higher
Nifty ended Friday's session 22 points higher. This formed a bullish counterattack type candle pattern. The underlying trend of Nifty continues to be positive. There is a possibility of an upside breakout hurdle around 24400-24500 levels in next few sessions. Immediate support is at 24170 levels.
Reliance Industries: Reliance Jio IPO - Massive RS 55500 Crore! Mukesh Ambani's Company May Launch India's Biggest IPO Ever
Reliance Industries is considering launching India's biggest IPO ever. The IPO could be worth Rs 55500 crore. Mukesh Ambani is the chairman of Reliance Industries.
Sebi raises basic demat account limit to ₹10 lakh to boost participation
Sebi said an individual is eligible for a BSDA if he/she meets certain criteria such as the investor has only one demat account as the sole or first holder, has only one BSDA in his name across all depositories and the value of securities in the account does not exceed ₹10 lakh for both debt and non-debt securities combined at any time.
Before this, an individual was allowed to hold debt securities worth up to ₹2 lakh and other than debt securities worth up to ₹2 lakh in a single demat account to be eligible for BSDA.
For portfolio values up to ₹4 lakh, Sebi said that the annual maintenance charge for a BDSA would be nil and for portfolio values of above ₹4 lakh and up to ₹10 lakh, the charges would be ₹100.
