Even though it was a much-anticipated company and already a known name in the space, investors did not show much interest due to financial concerns
APY largely caters to social security of India’s unorganized sector, offering them flexibility in terms of contributions. This means that one does not need to put aside a specific amount for their APY account every month.
Since inception ONDC has so far served 1.2 crore orders, most of which has originated in the mobility domain.
An ageing population brings multiple challenges for policymakers and the UN has red-flagged a demographic fact for the most populous nation by saying that the number of senior citizens ie, people of 60+ years is rising rapidly in India will reach 15% by 2036 and 20% by 2050.
Clubbing of income will remain applicable till the child attains adulthood. After attaining adulthood, this income will be taxable in his own hands.
Billionaire Mukesh Ambani-owned Reliance Jio’s market share in wireless segment increased to 38.60 per cent in July 2023.
The employees will have the flexibility to continue with the default scheme account, even if they switch to a different sector. What's more, the account under tier-2 default scheme can be opened with a minimum contribution amount.
The average ticket size i.e. the average amount paid per UPI transaction has also come down from Rs 885 in January 2022 to Rs 653 in June, 2023
The offer will close on 3rd October, with the IPO intending to raise around Rs 152.5 crores via fresh issue of 10,890,000 equity shares.