STOCKHOLDING CORPORATION OF INDIA
Govt appoints Rahul Bhave as MD of IFCI
Rahul Bhave has been appointed as the Managing Director and CEO of IFCI for a three-year term. The government has also approved the consolidation of the IFCI Group, merging various subsidiaries into a single entity aimed at improving operational efficiency and streamlining management.
Sovereign Gold Bond: Final redemption of SGB 2016-17 Series IV; investors to make 193% profit at maturity; check details
The Reserve Bank of India has announced the final redemption rate for the Sovereign Gold Bond 2016-17 Series IV, which matures today. The final redemption price is Rs 8,634 per gram based on the simple average closing gold price for the three business days.
Plan today, relax tomorrow: The benefits of NPS for your golden years
The National Pension System (NPS) is crafted to provide retirees with a steady financial foundation. It combines market-linked returns with appealing tax benefits under Section 80CCD. With two account types and a streamlined online platform, NPS simplifies retirement planning while ensuring long-term wealth growth.
These large- and mid-cap stocks can give more than 38% return in 1 year, according to analysts
If one looks at the overall performance of the market in the past few months, there have been phases where large-caps have underperformed while mid-caps have outperformed and vice-versa. In this context, it would probably be better to have a combination of large- and mid-cap stocks in your long-term investing portfolio and your trading portfolio. This would be a better mix given that the volatility quotient of the market is likely to remain high over the next couple of months or more. Another factor to keep in mind: Diversification is the key. Why? Because there are sectors which will see cyclical tail and headwinds, not because of anything else but the fact that every industry goes through it.
IFCI board approves Rs 500 cr fund infusion via preferential issue of shares
IFCI on Wednesday said its board has approved Rs 500 crore capital infusion in the company through the preferential issue of shares to the Government of India during the quarter.
India's economy slows down just when it was supposed to speed up
India's economic optimism has waned over the past year as growth slows to 5.4%, foreign investors pull out, and the rupee falls. Despite infrastructure investments and expanded welfare payments, weak demand and employment issues persist, challenging Modi's government to find new solutions for sustained growth.
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Govt to infuse Rs 500 cr in IFCI to improve its financial health
The Indian government is injecting Rs 500 crore into IFCI to bolster its financial standing before a planned restructuring and consolidation. This capital infusion, approved by Lok Sabha, increases the government's stake in the loss-making IFCI beyond the current 71.72%. The restructuring involves merging IFCI with StockHolding Corporation of India and other subsidiaries.
Are you a millennial looking to retire early? Here’s how you can build a viable retirement corpus
Financial experts recommend investing time in research and consultation to make a well-informed investment choice. Starting early and investing in products like NPS & ELSS through StockHolding can help millennials fulfil their dream of early retirement.
Demystifying investment choices critical for greater financial freedom of women
Here’s how women can mine the new-age investment paradigm and aspire for greater financial freedom. This International Women’s Day, buy or gift an investment plan, or inspire your loved ones to opt for one, as discount coupons will expire but smart investment will go a long way to secure your future and empower your dreams.
All you need to know about National Pension System (NPS) and its tax benefits
StockHolding is the recipient of the best POP (Point of Presence) award in various categories and it provides a 360-degree insight into people looking to begin their NPS journey.
From ELSS to NPS, a robust roadmap to retirement for millennials
As lifestyles and consumption patterns have evolved, so have habits of spending and saving. Hence, traditionally received financial wisdom is no longer sufficient for millennials, who have themselves lived through or are living through several evolutionary phases of global economy and workplace transitions in their own lifetime. This article traces why millennials – contrary to popular notions – care about retirement plans and tells you how to factor in risk factors and invest in failsafe options.
IFCI hits 20% upper circuit amid fund infusion reports
The media reports suggest there is a plan to merge the company with its unit, Stock Holding Corporation of India, in order to rescue the state-run lender. The fund infusion in IFCI is aimed at reducing the debt burden of the company ahead of its merger with the unit.
What you need to know about StockHolding concerning the distribution of Government investment schemes as well as providing e-Services
StockHolding has been working on digitisation and ease of doing business. It has rolled out e-Stamping in 22 States / Union Territories (UTs), e-Court fees in 14 States / UTs and an e-Registration fee collection system in 6 States / UTs. StockHolding issues, on average, more than 3,00,000 e-Stamp certificates daily.
Plan your Investment in 2021: 5 must-haves for new investors
StockHolding undoubtedly is one of the most trusted Demat service providers with an array of other benefits along with a broking account. StockHolding has been helping people plan their investments better since 1986 and is trusted by more than 5 crore customers across India and have been acknowledged by NSDL past 8 consecutive years for “Highest Asset under Custody”.
Used peace clause to provide excess support to rice farmers: India to WTO
In a notification, India has informed the World Trade Organisation (WTO) that the value of its rice production was USD 43.67 billion in 2018-19 and for that it provided subsidies worth USD 5 billion, which is in access of prescribed 10 per cent ceiling.
Govt plans meet to firm up India's stand on key issues at WTO mini ministerial
The exercise is being undertaken in view of the collapse of previous ministerial conference talks in December 2017 and to set the agenda for the upcoming meet, officials said.
India, China seek reduction in farm subsidies by West
Earlier this week, the two countries put out a joint proposal to revive talks on a more balanced set of rules for global farm trade in the run up to a meeting of ministers in December.
Stockholding Corporation ties up with Payoye to enable QR code based payments
Stockholding is a government company, a subsidiary of IFCI, and is a market leader in providing financial services for over 26 years.
SHCIL, ArthaYantra join hands to launch online wealth management advisory services
Wealth management advice will be delivered real time and completely online through ArthaYantra’s proprietary platform ARTHOS.
Actis, FTIL and IFCI plan to sell NSE shares
Among other investors of the National Stock Exchange (NSE), public sector entities IFCI and IDBI Bank are also looking to further dilute their holdings.
PNB Housing Finance, Stock Holding Corporation of India plan to float IPOs
The proceeds of the initial public offerings will be used for business expansion plans, working capital needs and for other general corporate purposes.
IFCI now better equipped for Make In India programme: Finance Ministry
IFCI was set up in 1948 as Industrial Finance Corporation of India, a statutory corporation to provide medium and long term finance to industry.
Registration fee payment in Delhi to go online from February
Delhi govt is ready to introduce e-registration fee with the aim is to do away with long & tedious manual payment process & make way for online payment.
Silver Eagle to pick up stake in Videocon d2h for $375 million
US-based Silver Eagle Acquisition Corp will acquire up to 38.6 per cent stake in direct to home distribution firm Videocon d2h for around USD 375 million (about Rs 2,130 crore).
Top share custodian SHCIL gets new MD, CEO NGS Ramesh
Top IDBI executive NGS Ramesh has been appointed as the new chief executive officer and managing director of Stock Holding Corporation of India (SHCIL).
Philanthropy has to be spontaneous, can't be forced: Azim Premji
Premji added however that efforts towards social good need to be "meaningful" and the government alone is not responsible for "social good".
Delhi High Court launches online payment of court fee
Delhi High Court introduced online payment of court fee, the first such facility in the country.
IDBI Bank, IFCI fight for Stock Holding Corp's control
State-run Stock Holding Corporation of India is at the centre of a battle between two state-run financial institutions trying to control it.
Commodities worth over Rs 229 cr confiscated in 2012: KV Thomas
The govt said essential commodities worth over Rs 229 crore-worth in 2012 for violating norms under the law that seeks to check hoarding and price rise.
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