Wholesale inflation data will be released today: No change in petrol and diesel prices, Apple rolls out iOS 18 update

Yesterday’s big news was related to SEBI. SEBI said that it will resolve all the demands of its employees internally. The market regulator has also withdrawn its old statement (September 4) given to the employees, in which it was said that the junior employees are protesting under the influence of outsiders. At the same time, the stock market made an all-time high on September 16. During trading, the Sensex touched the level of 83,184 and Nifty touched the level of 25,445.

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

Now read yesterday’s big news…

1. SEBI said- Employees’ demands will be resolved internally: Employees are protesting against the top management, including the demand for removal of SEBI Chief

The Securities Exchange Board of India (SEBI) on Monday (September 16) said that it will resolve all the demands of its employees internally. The market regulator has also withdrawn its old (September 4) statement to the employees, in which it was said that junior employees are protesting under the influence of outsiders.

The statement issued by SEBI said that ‘SEBI resolves matters related to employees through proper internal mechanism. After discussions with officers of all grades, it has been decided that all these matters are completely internal matters of SEBI and these will also be resolved internally as per SEBI standards.’

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2. Sensex hit a high of 83,184 and Nifty hit a high of 25,445: Closed at 82,988, up 97 points; Energy, metal and auto stocks rose

The stock market made an all-time high on September 16. During trading, the Sensex touched 83,184 and the Nifty touched 25,445. However, after this there was a slight decline and the Sensex closed at 82,988 with a gain of 97 points.

Nifty also rose by 27 points. It closed at 25,383. Energy, auto, metal and banking shares saw a big rise. NTPC was the top gainer of Nifty. FMCG, financial and IT shares declined. Bajaj Finance was the top loser.

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3. Gold increased by ₹ 445 to reach ₹ 73,489: Silver became costlier by ₹ 2,214 and is selling at ₹ 88,314 per kg, see the price of gold according to carat

Gold and silver prices increased on September 16. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold rose by Rs 445 to Rs 73,489 on Monday. Earlier its price was Rs 73,044 per ten grams.

Silver has increased by Rs 2,214 to Rs 88,314 per kg. Earlier, silver was at Rs 86,100 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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4. Bonus shares will now be available on the third day of the record date: SEBI’s new T+2 trading rule will come into effect from October 1, currently it takes two weeks

All bonus issues or shares announced on or after 1 October will now be made available for trading two days after the record date. Till now, shares of such issues are available only after about two weeks from the record date.

The record date is the cutoff date on which the issuer company considers to decide which shareholders are eligible for the bonus issue. The Securities Exchange Board of India (SEBI) in a circular issued on September 16 said that T+2 trading of bonus shares has been enabled, where T stands for record date.

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5. Now tax payment up to ₹ 5 lakh will be done through UPI: Users will be able to make payment up to 5 lakh in a day in hospitals and educational institutions as well

Indian taxpayers will now be able to make tax payments of up to Rs 5 lakh through UPI. Till now this limit was Rs 1 lakh. From September 16, National Payment Corporation of India (NPCI) has started this facility in Unified Payments Interface (UPI). The government had issued a circular for this on August 24.

Earlier, in the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank on 8 December 2023, the government had announced to increase the limit of payment through UPI in hospitals and educational institutions from Rs 1 lakh to Rs 5 lakh per day.

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6. Apple starts rolling out iOS 18 update: Indian users will get this update at 10:30 pm, it has many features including lock and hide apps

Tech company Apple has started rolling out the iOS 18 software update for iPhone users on September 16. Indian iPhone users will get this update from 10:30 pm tonight. In this update, users will get many other features including home screen customization, lock screen customization, control center customization, text effects and lock and hide apps.

The company had given information about these features at the WWDC event in June this year. Apple Intelligence update will not be available in the initial update. However, the update of Apple Intelligence will come in the latest iPhone 16 series and iPhone 15 Pro and iPhone 15 Pro Max.

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Now, the news you need…

NPS ‘Vatsalya’ scheme will be launched on September 18: This scheme was announced in the budget, parents will be able to invest in it on behalf of children

Union Finance Minister Nirmala Sitharaman will launch the NPS ‘Vatsalya’ scheme in Delhi on September 18. Business Standard has given this news quoting sources. Finance Minister Nirmala Sitharaman had announced this scheme while presenting Budget 2024.

NPS Vatsalya is designed to help ensure financial security of children as they grow up. Parents can invest in this scheme on behalf of children. On attaining adulthood, the account will be converted into regular NPS.

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