Here are the top personal finance news
Shares of Hindustan Aeronotics are flying high these days. The stock doesn’t look to make its landing anytime soon as it continued to rally for sixth consecutive day on Friday. The scrip is up more than 15% in last six days. On the other day, its board announced that it would hold a meeting on June 27, 2023 to decide on stock split. After this news broke out, the counter jumped 6% to close at 3,734 rupees apiece on Friday.
How Sebi monitors demat a/c holders’ money?
Sebi has a good news for stock market investors. Now, money that you keep in your demat account will be completely safe. Sebi has directed all stock brokers to pledge demat account holders’ money with clearing corporations in the country. if the broker invests your money somewhere. The clearing corporations work under complete supervision of Sebi. Pledging of clients’ money with such corporations will ensure that demat account holders get back their money in case the stock broker collapses or defaults.
Investors booking profits in equity MFs
Retail investors have been booking profit in equity mutual funds. They are not buying new units ever since the new financial year started. Equity mutual fund inflows have fallen straight for the last two months running into May, 2023. According to experts, retail investors chose to spend money money on consumption rather than investment in the month of May. Nevertheless, since March 2021 equity mutual funds have seen positive monthly inflows as of now. Moreover, out of this, a major chunk of investment came into small and mid cap funds rather than large cap funds. This shows young retail investors who entered the market during the Coronavirus period, they are being brave and investing in high risk mid and small cap funds.
Maruti drives in another entry hatchback at Rs 4.8 lakh
Maruti Suzuki has driven in yet another low cost affordable hatchback at ex-showroom price of 4.80 lakh rupees. The all new Tour H1 will come in petrol and CNG variants. The ex-showroom price of CNG variant will start from 5.70 lakh rupees. Maruti claims customers will get mileage of 24 kilo metres per litre on petrol variant. While, CNG variant will give mileage of 34 kilo metre per kg. Maruti has said that the look and specifications of all new Tour H1 will be similar to Alto K10.
Pre-bookings kick-starts for Realme 11 Pro 5G at Rs 22,499 offer price
Pre-bookings kick-started for Realme 11 Pro 5G. The 200 mega pixel smartphone is available at offer price of 22,499 rupees on Flipkart. Although, the price of the model is 29,999 rupees. But if customer avails of all the offers available ob the phone, he can get isave up to 7,500 rupees. The smartphone comes with 32 mega pixel front camera. There are two variants of this smartphone. maximum storage capacity is 256 GB. Some of other striking features include Android 13, 6.7 inch display, and 5,000 mAh battery.
Jio rolls out new prepaid plan at Rs 269
Jio has rolled out a new prepaid plan at 269 rupees. Subscribers will also get JioSaavn Pro subscriptions bundled with this plan. The plan also includes ad free music, unlimited downloads, unlimited JioTunes with the JioSaavn Pro subscription. Jio will give 1.5 GB per day data under this plan valid for 28 days. Validity period of other plans which come bundled with JioSaavn Pro subscription will range from 28 days to 84 days.
HMA Agro fixes Rs 555-585 price band for its IPO
Frozen meat exporter HMA Agro Industries has fixed a price band of 555 to 585 rupees a share for its 480 crore rupees IPO. The initial share sell process will open on June 20, 2023. The company proposes to utilise the net proceeds for expanding capex. The allotment will be done on June 29. Listing will take place on July 4.
Gov may again hike DA by 4%
Next news is for government employees and pensioners. According to media reports, government employees and pensioners are expected to get another round of DA hike of 4%. Government may take this decision in October, 2023. The increment will be effective from July 1, 2023. Government revises dearness allowance twice in a year. After the revision, over 1 crore employees and pensioners will get 46 per cent Dearness allowance. Currently, DA is 42%. Government revises DA to give relief to its employees from Inflation.
Migraine, asthma drug prices to come down
Prices of drugs may not rise in near term. Some of the drugs whose prices may not rise are those which are used in treatment of illnesses like eye infection, migraine, asthma and respiratory issues. India’s drug price regulator National Pharmaceutical Pricing Authority or NPPA has put a ceiling on prices of total of 18 formulations and 23 new drugs. Earlier, this year, the government had fixed prices of medicines used in treatment of diabetes and high blood pressure as well.
Tur dal import ban of no use: experts
Tur daal prices have skyrocketed in last one year. On an average, prices have jacked up by 22 rupees per kg in last one year. Currently, 1 kg of tur dal comes at an average price of 124 rupees. Seeing price surge, government has imposed import ban to contain prices. But according to experts, import ban is unlikely to bring prices down because production is lower this year.
