No change in petrol and diesel prices: SEBI chief accused of taking salary from 3 places, India’s first semiconductor chip will come in 2025

Yesterday’s big news was related to Madhabi Puri Buch. Congress spokesperson Pawan Khera accused SEBI chief Madhabi Puri Buch of taking salary from 3 places including ICICI Bank while being associated with SEBI. At the same time, Union Minister Ashwini Vaishnav said that India’s first semiconductor chip will come by mid-2025.

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

Now read yesterday’s big news…

1. SEBI chief accused of taking benefits from 3 places: Congress said- took ₹16.80 crore salary from ICICI; Bank said- took only retirement benefits

Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch is on the target of Congress. Congress spokesperson Pawan Khera held a press conference on Monday and accused Madhavi of taking salary from 3 places including ICICI Bank while being associated with SEBI.

Kheda said, ‘Madhabi Puri Buch was a full-time member in SEBI from April 5, 2017 to October 4, 2021. Then on March 2, 2022, Madhabi Puri Buch became the chairperson of SEBI. PM Modi and Amit Shah are included in the cabinet that appoints the chairperson of SEBI.’

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2. India’s first semiconductor chip will come in 2025: Union Minister said – Government approved Kaines’ ₹ 3,300 crore chip proposal

Union Minister Ashwini Vaishnav said that India’s first semiconductor chip will arrive by mid-2025. Ashwini Vaishnav said this in a briefing on Monday (September 2) after the cabinet meeting.

Ashwini Vaishnav said that the Cabinet has approved the proposal of electronics manufacturer Kaynes Industries to build a semiconductor packaging plant with a capacity to produce 63 lakh chips per day. Kaynes will invest Rs 3,300 crore for this plant.

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3. Nifty set a record of rising for 13 consecutive days: It closed at 25,278, up 42 points; the stock market also made an all-time high today

The Nifty index, launched in 1996, made a record of closing higher for 13 consecutive days. Earlier in 2007, the Nifty had seen a continuous rise for 11 days. Whereas, in January 2015 and April 2014, there was a continuous rise for 10 days.

On September 2, the Sensex made an all-time high of 82,725 and the Nifty of 25,333. However, after this the Sensex came down a bit and closed at 82,559 with a gain of 194 points. Nifty also rose by 42 points, closing at 25,278.

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4. IPO investors sell 54% shares in a week: SEBI study reveals – If the return increases by more than 20%, then 68% shares are sold in a week

People who invest in IPOs sell 54% of their shares (in value) received at listing within a week. This number reaches 70% within a year of listing. This has been revealed in a study by market regulator Securities and Exchange Board of India (SEBI).

SEBI said that a strong disposition pattern has been observed among investors. Investors first sold the shares whose value increased and held those whose value decreased. SEBI conducted this study between April 2021 and December 2023. In this, the market regulator studied investor behavior on 144 mainboard IPOs.

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5. Silver fell by ₹ 2,643 to ₹ 82,376 per kg: Gold also fell by ₹ 521, it is selling at ₹ 71,437 per 10 grams

Gold and silver prices have fallen on September 2. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 521 to Rs 71,437 on Monday. On Saturday, its price was Rs 71,958 per ten grams.

Silver has fallen by Rs 2,643 to Rs 82,376 per kg. Earlier on Saturday, silver was at Rs 85,019 per kg. This year, gold has reached an all-time high of Rs 74,222 per 10 grams in May. Silver, on the other hand, reached its all-time high of Rs 94,280 per kg on 29 May.

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6. Maruti Suzuki sold 1.82 lakh vehicles in August: 4% less than last year, Tata Motors’ sales also decreased by 8%

Automobile company Maruti Suzuki has sold a record 1,81,782 vehicles in August 2024. However, it has decreased by 4% compared to last year. The company sold 1,89,082 vehicles in August 2023.

Maruti Suzuki India Limited sold 1,43,075 vehicles in the passenger vehicle segment as against 1,56,114 vehicles last year. This too has decreased by 8% on an annual basis. Recently, many companies in the country had increased the prices of vehicles by 3%.

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