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- Railway Ticket Booking New Rule Gold At All Time High| Wipro And Infosys Q2 Result
Mumbai25 minutes ago
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Yesterday's big news was related to change in the rules of railway tickets. Indian Railways earlier started ticket booking 120 days before the journey, now it has been reduced to 60 days.
Gold once again made an all-time high and it increased by Rs 257 to reach Rs 76,810. The Reserve Bank of India has barred 4 non-banking finance companies (NBFCs) from loan sanction and disbursal.
IT company Wipro released its second quarter results. With the results, the company has approved issuing bonus shares to its shareholders in the ratio of 1:1. The 1:1 ratio means that eligible shareholders will get one additional share of Wipro for one share.
Before tomorrow's big news, today's major events to keep an eye on…
- There may be a rise in the stock market today.
- Jio Financial Services to release second quarter results
- There has been no change in the prices of petrol and diesel.
Now read tomorrow's big news…
1. Advance booking of railway tickets will now be 2 months in advance: Now starts 4 months before the journey, new rules will be applicable from November 1
Indian Railways has changed the rules of advance ticket booking. Earlier, ticket booking used to start 120 days before the journey, now it has been reduced to 60 days. The new decision will come into effect from November 1, 2024.
According to the Railway Ministry, the new rules for advance train ticket booking will not have any impact on already booked tickets. Also, there has been no change in the deadline of 365 days for foreign tourists.
2. Gold at new record level of ₹ 76,810: So far this year, it has become costlier by ₹ 13,458, can go up to ₹ 78 thousand by the end of the year.
On Thursday (October 17), the price of gold once again reached its all-time high. According to data from India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold increased by Rs 257 to Rs 76,810. A day before this, 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 the price of Rs 91,600 per kg. A day before this, silver was at Rs 91,512. This year, silver has reached its all-time high of Rs 94,280 per kg on May 29.
3. RBI banned four NBFCs from giving loans: They were charging more interest than the norm, order will be effective from October 21
Reserve Bank of India i.e. RBI has stopped 4 non-banking finance companies (NBFCs) from making loan sanction and disbursement. RBI has taken action against Ashirwad Micro Finance Limited, Aarohan Financial Services Limited, DMI Finance Private Limited and Navi Finserv Limited due to charging more interest than the norm.
Giving information, RBI said that its decision will be effective from the end of the trading day on October 21. However, these restrictions do not prevent these companies from providing services to their existing customers, collecting and recovering as per the guidelines.
4. Wipro Q2 profit at ₹3,209 crore: up 21% year-on-year; The company will also give one additional share in exchange for one.
IT service providing company Wipro has made a net profit of Rs 3,209 crore in the second quarter of the financial year 2024-25. There has been an increase of 21.3% on annual basis. The tech company had made a profit of Rs 2,646 crore in the same quarter a year ago.
The company generated revenue of Rs 22,302 crore in the July-September quarter. It has decreased by 1% on annual basis. In the same quarter a year ago, the company had generated revenue of Rs 22,516 crore. The money that comes to the company from selling services is called revenue.
5. Infosys profits at ₹6,506 crore in July-September quarter: Revenue up 5% YoY to ₹40,986 crore; Company will give ₹21 dividend per share
India's second largest IT company Infosys has made a profit of Rs 6,506 crore in the second quarter of the financial year 2024-25. There has been an increase of 4.7% on 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 revenue of Rs 40,986 crore in the July-September quarter. There has been an increase of 5.1% on annual basis. A year ago i.e. in Q2 FY23-24, the tech company had generated a revenue of Rs 38,994 crore. The money received from selling goods and services is revenue.
6. Noel Tata can be the third nominated member of Tata Trust: Decision expected in the board meeting today, was appointed chairman last week.
Tata Trust's new chairman Noel Tata is likely to join the board of Tata Sons as the third nominated member of Tata Trusts. According to media reports, a meeting of the Tata Trust Board is going to be held today, in which the third representative can be nominated in the Tata Sons Board.
Venu Srinivasan and Vijay Singh are currently nominated members of Tata Trusts. However, till now no information has been given officially by Tata Trust about this.
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