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Yesterday’s big news was related to the price of gold and silver. The prices of gold and silver saw a rise on Monday (26 August). According to the India Bullion and Jewelers Association (IBJA), the price of one kg silver on Monday increased by Rs 1576 to Rs 86,191 per kg. Earlier on Friday, the price of silver was Rs 84,615 per kg.
At the same time, auto makers will have to provide ‘seat belt reminder’ feature in the rear seat of all cars. Because, it has been made mandatory to install ‘rear seat belt alarm’ in all cars sold in the country from April 1, 2025.
Before tomorrow’s big news, today’s major events, which will be in focus…
- There may be a rise in the stock market today on Tuesday.
- Vivo T3 Pro 5G smartphone will be launched.
- Premier Energy IPO will open.
- There has been no change in the prices of petrol and diesel.
Now read yesterday’s big news…
1. Silver became costlier by Rs 1576 in a day: reached ₹ 86,191 per kg, gold prices increased by Rs 618
Gold and silver prices saw a rise on Monday (26 August). According to the India Bullion and Jewelers Association (IBJA), the price of one kg silver on Monday increased by Rs 1576 to Rs 86,191 per kg. Earlier on Friday, the price of silver was Rs 84,615 per kg.
At the same time, 10 grams of 24 carat gold has increased by Rs 618 to Rs 72,042. On Friday, its price was Rs 71,424 per ten grams. This year, gold has reached an all-time high of Rs 73,302 per 10 grams in April. At the same time, silver reached its all-time high of Rs 94,280 per 10 grams on May 29.
Click here to read the full news…
2. ‘Seat belt reminder’ is necessary in the rear seat of cars: New rule will be implemented from 1 April 2025, seat belt protects from injury in an accident
Auto makers will have to provide ‘seat belt reminder’ feature in the rear seat of all cars. Because, it has been made mandatory to install ‘rear seat belt alarm’ in all cars sold in the country from April 1, 2025.
The government has issued a notification of this rule related to road safety to the companies. Earlier, the Ministry of Road Transport and Highways (NHAI) had released a draft in March this year and opinions were sought from the general public regarding the new rule.
Click here to read the full news…
3. SEBI sends show cause notice to Paytm founder: Accused of providing incorrect information at the time of bringing IPO, notice also sent to board members
Market regulator Securities Exchange Board of India (SEBI) has issued a show cause notice to Paytm founder Vijay Shekhar Sharma and members of the board during the IPO offering in November 2021. This notice is related to the allegations of misrepresentation of facts during the IPO launch.
The shares of Paytm’s parent company One97 Communications Limited were listed in November 2021. Moneycontrol has given this information in a report quoting people. SEBI has started this investigation on the basis of information from the Reserve Bank of India (RBI).
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4. Sensex closed at 81,698 with a gain of 611 points: Nifty also gained 187 points, Paytm shares fell 5% due to SEBI investigation
On Monday, the first trading day of the week, the Sensex closed at 81,698 with a gain of 611 points. Nifty also rose by 187 points and closed at 25,010.
Out of the 30 Sensex stocks, 21 rose and 9 fell. Out of the 50 Nifty stocks, 33 rose and 17 fell. All sectoral indices rose except PSU Bank and Nifty Media.
Click here to read the full news…
5. PhonePe Group turns profitable for the first time: Registers profit of ₹197 crore in FY24, company revenue up 74%
PhonePe Group has become profitable in the financial year 2024. Fintech major PhonePe gave this information on Monday. The company has reported an adjusted profit after tax of Rs 197 crore for FY24.
The company had a loss of Rs 738 crore in FY23. This is the first time the company has reported profit in consolidated numbers. PhonePe is a subsidiary of Walmart.
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6. Bazaar Style has fixed the IPO price band at ₹370-₹389: The issue will be open from 30 August to 3 September; Rekha Jhunjhunwala is also selling her stake
Investor Rekha Rakesh Jhunjhunwala’s stakeholder company Bazaar Style Retail Limited has fixed the price of its upcoming IPO at ₹ 370-₹ 389. This initial public offering will open on August 30. Investors will be able to bid for this IPO till September 3. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 6.
Bazaar Style Retail wants to raise a total of ₹834.68 crore through this issue. For this, the existing investors of the company are selling 17,652,320 shares worth ₹686.68 crore through Offer for Sale i.e. OFS. At the same time, the company is issuing 3,804,627 fresh shares worth ₹148 crore.
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7. Interarch Building shares up 44.33% listed at ₹1,299: Issue price was ₹900; The company provides engineering solutions
The share of Interarch Building Products Limited was listed on the National Stock Exchange (NSE) at ₹ 1,299, up 44.33% from the issue price. On the Bombay Stock Exchange (BSE), the share was listed at ₹ 1,291.20, up 43.47% from the issue price. The issue price of this IPO was ₹ 900.
This IPO was open for investors from August 19 to August 21. The IPO was subscribed a total of 93.79 times in three trading days. The retail category was subscribed 19.46 times, qualified institutional buyers (QIB) 197.29 times and non-institutional investors (NII) category 130.91 times.
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8. New Black Edition of Kia Seltos X-Line trim launched: SUV gets Aurora Black Pearl colour with ADAS safety features, competes with Tata Harrier and Hyundai Creta
Kia Motors on Monday (August 26) launched the X-Line trim of the midsize SUV Seltos with a new Aurora Black Pearl color option. This new variant is an option to the existing matte graphite finish color. The car is equipped with Level-2 Advanced Driver Assist System (ADAS) feature.
Apart from the new colour on the exterior of the car, the South Korean company has also made changes to the interior. The cabin has been designed in dual-tone colour with black and splendid sage green. Till now this trim was available only in dark grey shade.
Click here to read the full news…
Now read the news you need
New rules for small-savings schemes will be implemented from October 1: Guidelines have been issued for PPF-Sukanya Samriddhi accounts, know the details
The Economic Affairs Department of the Ministry of Finance has issued new rules regarding the National Small Savings (NSS) Schemes opened through post offices. These rules are to regularize the accounts opened irregularly under these schemes.
The new rules for National Small Savings Schemes will come into effect from October 1, 2024. According to the circular, different categories have been identified under the schemes of NSS and guidelines have been issued for them.
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
Know the condition of tomorrow’s stock market and gold-silver…
Know the latest price of petrol, diesel and gas cylinder…
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