May 2024 bank holidays: According to the Reserve Bank of India (RBI) holiday list, banks in certain constituencies where voting is scheduled will also be closed, although this does not apply to all areas.

Investing in a Post Office Savings Scheme? It is compulsory to submit PAN and Aadhaar details when investing in post office schemes. If any discrepancies are found, you may be unable to invest in these schemes

N Chandrasekaran, the chairman of Tata Consultancy Services (TCS), highlighted in the annual report 2024 the significant impact that generative artificial intelligence (GenAI) technologies will have on various sectors and countries in the future.

Bhavish Aggarwal, the founder and CEO of Ola, announced the company's move to shift its workloads from Microsoft's Azure to its proprietary cloud platform named Krutrim. The decision was influenced by Aggarwal's concerns about cultural assimilation and ideological enforcement by Western tech giants. Ola's transition to Krutrim aims to promote Indian technology platforms and independence from Western monopolies.

The Insurance Regulatory and Development Authority of India has given approval for a third Indian investor to hold 26% in Reliance Nippon Life, Reliance General, and Reliance Health insurance companies. This move paves the way for IndusInd International Holdings (IIHL) to acquire Reliance Capital.

New KYC rules for mutual fund investors started on April 1, 2024, requiring 'KYC Validation' for investing without extra paperwork. 'KYC Validated' status confirms proofs like Aadhaar, PAN, email, and mobile, simplifying mutual fund investments.

Billionaire venture capitalist Vinod Khosla encountered yet another setback in his prolonged 15-year legal struggle to limit public access to a renowned surfing spot situated south of San Francisco, which can be reached through his private property. A California state judge issued a tentative ruling on Friday, denying Khosla's motion to dismiss a lawsuit.

The Simons Foundation announced on Friday the passing of billionaire investor James Simons at the age of 86. Simons, a mathematician and Cold War code-breaker, was the founder of Renaissance Technologies, one of the world's leading and most lucrative hedge funds. The foundation did not disclose the cause of his death.

According to a report titled 'India Defence' by Nomura, India's defence sector presents a substantial ordering opportunity of USD 138 billion between FY24 and FY32. With the rising demand for defence equipment, technologies, and services, there are promising prospects for companies involved in defence production and technology development. The report highlights that India's defence capital expenditure is poised to surge to 37%.

Air India is expanding its European operations to meet continued demand by adding more flights to Amsterdam, Copenhagen, and Milan, airline officials have announced. Starting June 22, Air India will increase its frequency on key routes. Daily non-stop flights from Delhi to Amsterdam Schiphol and Delhi to Milan Malpensa will be introduced, up from the previous 4x weekly and 5x weekly schedules, respectively.

On the closing day of the share-sale on Friday, the initial public offering (IPO) of Aadhar Housing Finance, supported by private equity giant Blackstone, garnered subscription of 25.49 times. The Rs 3,000 crore IPO witnessed bids for 1,78,65,45,247 shares against the 7,00,89,373 shares on offer, as per data from the NSE.

Numbers released by the National Statistical Office on Friday showed the index of industrial production (IIP) rose an annual 4.9% in March, slightly lower than the downwardly revised 5.6% in Feb but above the 1.9% posted in March last year. For the 2023-24 fiscal year, industrial output growth rose to 5.8% from 5.2% in the previous year.

NPS enables partial fund withdrawals after three years for eligible subscribers. Withdraw up to 25% of own contributions, excluding employer funds and returns, for specific purposes like education, marriage, housing, medical needs, disability, skill development, and entrepreneurship.

Protect your Aadhaar with a 16-digit Virtual ID (VID) to prevent fraud. Lock it via UIDAI website or SMS, disabling authentication modes. Retrieve VID if forgotten to unlock later. Visit UIDAI for detailed steps on locking/unlocking.

Anil Agarwal of Vedanta Resources stresses the vital role of key minerals like copper, zinc, aluminum, and silver in modern technology, clean energy, and sustainability, highlighting the need for increased exploration and investment in domestic production.

Star couple Virat Kohli and Anushka Sharma are poised to make a significant profit of 271% when Bengaluru-based new-age insurance startup Go Digit goes public next week. Virat Kohli and Anushka Sharma's investments in Go Digit IPO are expected to yield a notional profit of Rs 6.75 crore.

The Income Tax e-filing ITR portal now offers a new 'e-Proceedings tab to simplify responding to tax notices for taxpayers with multiple ongoing tax proceedings. The update introduces separate pages and improved filters for faster navigation and efficient management.

HDFC Bank's MCLR, ranging from 8.95% to 9.35% on May 7, 2024, sets the minimum interest rate for loans. Prime Lending Rate and base rate act as benchmarks. Home loan rates linked to External Benchmark Lending Rate post-merger.}

Gold Price Akshaya Tritiya 2024: A study of gold price trends since 2014 reveals a varied performance of gold between one Akshaya Tritiya and the next. So where are gold prices headed and what should investors do? Heres what experts have to say

Gold prices surge on MCX and US markets amid Fed's potential interest rate cuts. Silver also rises, driven by geopolitical tensions. Technical analyst Neha Quereshi advises buying gold and silver futures with specific price targets and stop losses.

Akshaya Tritiya on May 10, 2024, leads to bank closures. Karnataka observes Basava Jayanti. RBI schedules 14 May holidays, covering various events across states like Srinagar, Sikkim, and more.

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Friday. While BSE Sensex rose over 100 points, Nifty50 was near 21,950 levels.

Asian stocks displayed a mixed pattern on Friday after a robust rally on Wall Street, which brought the S&P 500 to within 1% of its record high. Benchmarks declined in Tokyo, Sydney, and Seoul, while they saw gains in China. Investor attention in China was primarily directed towards the release of April's inflation figures.

SBI's profit is also the highest reported by any entity in this quarter. Reliance Industries posted a net profit of Rs 18,951 crore in Q4, while HDFC Bank, which was previously the most profitable lender, reported a profit of Rs 16,512 crore in the same period. SBI's FY24 net profit stood at Rs 61,077 crore - a growth of 22% over the previous year - after accounting for wage settlement and a one-time exceptional item of Rs 7,100 crore.

From an intra-day low at 72,334, sensex closed at 72,404, down 1,062 points. It was the second biggest fall this year. Nifty lost 345 points to close at 21,958 points. Investors turned risk averse in the ongoing poll season and further lightened equity exposure to avoid being caught off guard, said Prashanth Tapse, Senior VP (Research), Mehta Equities.