Gold became costlier by Rs 543 in a week: SEBI changed entry-exit rules for shares in F&O segment, reduced windfall tax on crude oil

Yesterday’s big news was related to the price of gold and silver. This week, the price of gold and silver has seen a rise. According to the website of India Bullion and Jewelers Association (IBJA), last Saturday, i.e. on August 24, gold was at Rs 71,424, which has now reached Rs 71,958 per 10 grams (August 31). That is, its price has increased by Rs 543 this week.

At the same time, the stock market regulator Securities Exchange Board of India (SEBI) has changed the rules regarding entry and exit of shares in the futures and options (F&O) segment. The regulator wants the stocks that become part of the derivatives market to be more liquid and include more market participants. So that manipulation can be prevented and the risk to the system is reduced.

Before tomorrow’s big news, today’s major events, which will be in focus…

Now read yesterday’s big news…

1. Gold and silver prices rose this week: Gold rose by Rs 543 to Rs 71,958, silver was being sold at Rs 85,019 per kg

This week, there has been a rise in the prices of gold and silver. According to the website of India Bullion and Jewelers Association (IBJA), last Saturday, i.e. on August 24, gold was at Rs 71,424, which has now reached Rs 71,958 per 10 grams (August 31). That is, its price has increased by Rs 543 this week.

Talking about silver, it was at Rs 84,615 last Saturday, which has now reached Rs 85,019 per kg. This week its price has increased by Rs 404. This year silver reached its all-time high of Rs 94,280 per kg on 29 May. Gold made an all-time high of Rs 74,222 on 21 May.

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2. SEBI changes entry-exit rules for shares in F&O segment: 23 stocks including JK Cement may be out, Zomato-Adani Green will enter the segment

Stock market regulator Securities Exchange Board of India (SEBI) has changed the rules regarding entry and exit of shares in the Futures and Options (F&O) segment.

The regulator wants the stocks that are part of the derivatives market to be more liquid and involve more market participants, so as to prevent manipulation and reduce risk to the system.

According to the new rules of SEBI, stocks in the options segment that do not meet the criteria for three consecutive months will be removed. After the removal of these stocks, new contracts will also not be issued.

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3. Government reduces windfall tax on crude oil: from ₹2,100 to ₹1,850 per metric tonne, exemption on diesel, petrol and ATF remains

The government has reduced the Special Additional Excise Duty (SAED), i.e. windfall tax, on export of domestically produced crude oil.

In its regular review, the government has reduced the windfall tax from Rs 2,100 per metric ton to Rs 1,850 per metric ton. This change has come into effect from Saturday, August 31, 2024. The government reviews the windfall tax every 15 days.

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4. Claim of Patanjali’s toothpaste having non-veg material: Petition filed in Delhi High Court, court seeks response from Ramdev

A petition has been filed in the Delhi High Court regarding Patanjali’s product Divya Dant Manjan. It has been claimed that the product contains non-vegetarian material.

Petitioner Advocate Yatin Sharma has alleged that the company uses a non-vegetarian substance called ‘sea foam’ (cuttlefish) in its ‘Divya Dant Manjan’.

Advocate Yatin Sharma also stated that despite the use of non-vegetarian ingredients, the product has been given a green i.e. vegetarian label.

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5. Vedanta will invest ₹ 1 lakh crore in Rajasthan: This fund will be used in renewable power projects, new employment opportunities will also be created

Metal and mining company Vedanta Limited will invest about 1 lakh crore rupees in Rajasthan. A large part of this investment will be used for renewable power projects. Company director Priya Agarwal Hebar gave this information on Friday.

He said – Our companies Hindustan Zinc and Cares India are already present in Rajasthan. We have invested more than 1 lakh crore rupees in the state in the last few years. In the coming time, we will invest another 1 lakh crore rupees in the same way.

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6. Tamil Nadu government signed MoU with Google: Company will set up Artificial Intelligence labs in the state, 20 lakh youth will be skilled in AI

The Tamil Nadu government has signed a Memorandum of Understanding (MoU) with Google to set up artificial intelligence labs in the state. These labs will be set up under the state government’s investment promotion agency ‘Guidance’.

Industries Minister TRB Raja said that the aim of these labs is to provide skills in artificial intelligence to 20 lakh youth. Tamil Nadu Chief Minister MK Stalin signed the MoU during his visit to Google’s headquarters.

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7. Bajaj Housing Finance IPO will open on September 9: Company will raise ₹6,560 crore, price band will be announced on September 3

The date of the Initial Public Offering (IPO) of Bajaj Housing Finance Limited, a subsidiary of Bajaj Finance, has been revealed. This public issue will open for subscription on September 9 and close on September 11.

The company has given this information in its Red Herring Prospectus (RHP). The size of this IPO will be Rs 6,560 crore. New shares worth Rs 3,560 will be issued in it. Also, there will be an Offer for Sale (OFS) of Rs 3,000 crore.

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8. Bajaj Chetak Blue 3202 electric scooter launched: Special edition with a range of 137km on full charge, competes with Ola S1 Pro and Ather Rizta Z

Bajaj Auto has launched the special edition of its popular electric scooter Chetak Blue 3202 in the Indian market. The company claims that the electric scooter can run 137km on full charge. Its price has been kept at Rs 1.15 lakh (ex-showroom Bengaluru, including EMPS-2024 scheme).

Like other variants, you will have to pay extra for the Techpack package. The price of the new Chetak Blue 3202 is Rs 8000 less than the Urban variant and equal to the Premium trim. The company has started its booking on the official website. You can book it by paying a token amount of Rs 2000.

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Now read the news you need…
Download Virtual Aadhaar for free from home: It is valid everywhere, see the complete process to download it

Aadhaar is an important document in our country. Many times we do not keep it with us due to the fear of losing or damaging it. But do you know that you can also download its virtual copy (PDF file).

You do not have to pay any fee for this and it is valid everywhere. According to UIDAI, the organization that issues Aadhaar cards, virtual Aadhaar or e-Aadhaar is also valid everywhere like Aadhaar card. We are telling you the process to download it.

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