India News Get -BusinessRailway Ticket Booking New Rule Gold at Record High | Wipro and Infosys Q2 results
The big news yesterday was related to the change in train ticket rules. Indian Railways had earlier started booking tickets 120 days before travel, but this has now been reduced to 60 days.
Gold once again hit an all-time high and rose by Rs 257 to Rs 76,810. The Reserve Bank of India has barred four non-banking financial companies (NBFCs) from sanctioning and disbursing loans.
IT company Wipro has released its second quarter results. With these results, the company approved the issuance of bonus shares to its shareholders in a ratio of 1:1. The 1:1 ratio means that eligible shareholders will receive one additional share of Wipro for one share.
Before the big news of tomorrow, the big events of the day to watch…
There could be a rise in the stock market today. Jio Financial Services to report second quarter results. There is no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. Train ticket reservations will now be made 2 months in advance: now starts 4 months before the trip, new rules will apply from November 1
Indian Railways has changed the rules for pre-booking tickets. Previously, ticket booking started 120 days before the trip, today it has been reduced to 60 days. The new decision will come into force on November 1, 2024.
According to the Ministry of Railways, the new rules for advance booking of train tickets will have no impact on already booked tickets. In addition, the 365-day deadline for foreign tourists has not changed.
2. Gold at a new all-time high of ₹76,810: So far this year, it has become more expensive by ₹13,458, and may reach ₹78,000 by the end of the year.
Thursday, October 17, the price of gold once again reached its all-time high. According to data from the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold increased by Rs 257 to Rs 76,810. The previous day, its price was Rs 76,553 per ten grams.
At the same time, the price of silver increased by Rs 88 and it is being sold at a price of Rs 91,600 per kg. A day before this, silver was at Rs 91,512. This year, silver touched its all-time high of Rs 94,280 per kg on May 29.
3. RBI banned four NBFCs from giving loans: they were charging higher interest than the norm, the order will come into force on October 21
The Reserve Bank of India i.e. RBI has stopped 4 Non-Banking Financial Companies (NBFCs) from granting sanctions and loan disbursements. RBI has taken action against Ashirwad Micro Finance Limited, Aarohan Financial Services Limited, DMI Finance Private Limited and Navi Finserv Limited for charging interest above the norm.
Giving information, RBI said its decision will come into effect at the end of the trading day on October 21. However, these restrictions do not prevent these businesses from providing services to their existing customers, collecting and recovering in accordance with the guidelines.
4. Wipro Q2 profit at ₹3,209 crore: up 21% YoY; The company will also give an additional share in exchange for one.
IT services company Wipro posted a net profit of Rs 3,209 crore in the second quarter of the financial year 2024-25. There was an increase of 21.3% on an annual basis. In the same quarter a year ago, the technology company had made a profit of Rs 2,646 crore.
The company generated a revenue of Rs 22,302 crore in the July-September quarter. It decreased by 1% on an annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 22,516 crore. The money that comes back to the business from the sale of services is called revenue.
5. Infosys profits at ₹6,506 crore in July-September quarter: Revenue up 5% YoY to ₹40,986 crore; The company will pay a dividend of ₹21 per share
Infosys, India’s second-largest IT company, posted a profit of Rs 6,506 crore in the second quarter of the financial year 2024-25. There was an increase of 4.7% on an annual basis. The company had made a consolidated net profit of Rs 6,212 crore in the same quarter a year ago.
The company generated a revenue of Rs 40,986 crore in the July-September quarter. There was an increase of 5.1% on an annual basis. A year ago, i.e. in the second quarter of FY23 and FY24, the technology company had generated a revenue of Rs 38,994 crore. Money received from the sale of goods and services constitutes income.
6. Noel Tata can be third appointed member of Tata Trust: decision expected at today’s board meeting, was appointed chairman last week.
Tata Trust’s new chairman Noel Tata is set to join the Tata Sons board as the third appointed member of Tata Trusts. According to media reports, a meeting of the board of directors of Tata Trust will be held today, during which the third representative can be appointed to the board of directors of Tata Sons.
Venu Srinivasan and Vijay Singh are currently nominated members of Tata Trusts. However, so far no official information has been provided by Tata Trust regarding this.
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