Last day to submit Jeevan Pramaan Patra today; check key details

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Today is the last date to submit Jeevan Pramaan and all government pensioners are required to submit the certificate to receive pensions without any break. The window for the submission of Jeevan Pramaan, also known as Life Certificate, for those above 80 years of age was opened on October 1, 2021, and for others on November 1, 2021.

The certificate acts as proof that the pensioner is still alive. The certificate has to be shown before an authorised pension distributor or agency, after which the pension is credited to their account.

Pensioners can submit their annual life certificates at Pension Disbursing Authorities (PDAs) either by presenting themselves personally or by delivering a life certificate online.

The certificate can also be submitted without visiting the bank. It can be done either through Doorstep Banking Alliance or via Postman. There is a nominal charge for the service and the concerned official will visit to the person’s home and complete the process.

In order to obtain the certificate, a pensioner can either visit various Citizen Service Centre (CSC ) located across India, or the office of Pension Disbursing Agencies (PDA) such as Post Office, Banks, Treasury, etc. The certificate can also be generated from home/any location on a Windows PC/Laptop( ver 7 & above) or Android Mobile ( KitKat & above ).

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Religare Enterprises in focus, here’s why

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Religare Enterprises stock has seen a correction of roughly around 15 percent from its recent 52-week peak. In yesterday’s (November 29) trading session, the stock was seen struggling.

In terms of volumes, the stock fell on low volumes on November 29, roughly around 7 lakh shares. The 10-day average is nearly around 18-20 lakh shares.

Star Health Insurance initial public offering (IPO) opens today. One needs to see if there is positive rub-off as Religare Enterprises holds roughly about 70 percent stake in Care Health Insurance.

Watch the accompanying video of CNBC-TV18’s Nigel D’Souza for more details.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Go Fashion makes strong debut, shares list at 91% premium over issue price

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Go Fashion — the operator of Go Colors outlets — made a strong debut on Dalal Street on Tuesday, November 30. The stock of Chennai-based Go Fashion, a women’s bottom-wear company, listed at Rs 1,316 apiece on BSE, a premium of 90.7 percent over its issue price of Rs 690. On NSE, the Go Fashion stock opened at Rs 1,310, a premium of 89.9 percent over the issue price.

The listing was in line with the trend seen in the grey market — an unofficial market for unlisted securities — where Go Fashion commanded a premium (GMP) of around Rs 520 prior to the listing on Dalal Street.

ALSO READ: The IPO grey market – what it is, does it predict listing gains and can you trade it?

The market debut of Go Fashion comes at a time when most IPOs have received a robust response from investors, barring Paytm parent One97 Communications. Paytm shares have recovered some of the initial losses after its weak listing this month. Paytm’s IPO is the biggest of all time in India.

The Go Fashion initial share sale, which was available for bidding from November 17 to November 22, saw strong investor interest. Under the IPO, Go Colors shares were available for bidding in the range of Rs 655-690 apiece.

The Go Colors IPO saw an overall subscription of 135.5 times the shares on offer. The quota reserved for qualified institutional buyers (QIBs) saw a subscription of 100.7 times, and that reserved for non-institutional investors 262.1 times. The portion reserved for retail investors was booked 49.7 times.

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Opening Bell: Sensex, Nifty open flat; Tata Motors, SBI in focus

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Indian equity benchmark indices opened flat on Tuesday following mixed cues from the global markets. Shares remained on edge as investors became cautiously optimistic the new Omicron variant might not cause a widespread global economic disruption to worsen the coronavirus pandemic. The indices had closed slightly higher in the previous session.

At 9:15 am, the Sensex opened 0.02 percent or 12 points higher at 58,350. Nifty50 index opened at 17,051 — down 3 points or 0.02 percent. The broader market and sectoral indices were trading higher.

Bluechips leading the gains on the Nifty50 index were Tata Motors, Power Grid, Titan, SBI, and Bajaj Finance. Each scrip gained over 1.5-3 percent. Leading the losses were Mahindra & Mahindra, Hero Moto, Cipla, HDFC, Britannia.

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Globally, Asian shares were trading in positive territory, following a brighter lead from the Wall Street Monday, which reacted to the news from US President Joe Biden that new lockdowns as a result of the variant were off the table for now. MSCI’s broadest index of Asia-Pacific shares outside Japan was over half a percent. Japan’s Nikkei and Australia’s S&P/ASX 200 were trading 1 percent higher.

Hong Kong’s Hang Seng Index underperformed, down 0.25 percent, while China’s bluechip CSI 300 index was up 0.13 percent.

Activity in China’s services sector grew at a slightly slower pace in November, official data showed, as the sector took a hit from fresh lockdown measures as authorities raced to contain the latest outbreak. The official non-manufacturing Purchasing Managers’ Index (PMI) fell to 52.3 in November from 52.4 in October, data from the National Bureau of Statistics (NBS) showed.

The better performance across Asian equities markets came after a virus-led selldown late last week when global investors were concerned the variant could prompt further lockdowns which could impede the economic recovery.

Gold eased as the result of other markets firming and fell 0.7 percent to $1,783.1 per ounce in the US session but ticked slightly higher in Asia to be neutral. US crude jumped over 1 percent to $70.95 a barrel. Brent crude rose to $74.4 per barrel.

(With inputs from Reuters)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

China manufacturing improves as power shortages ease

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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China’s manufacturing activity rebounded in November as orders improved and power shortages eased, a survey showed Tuesday.

An industry group and the national statistics agency said a monthly purchasing managers index rose to 50.1 from Octobers 49.2 on a 100-point scale. The index spent the previous two months below 50, which shows activity decreasing.

A measure of production rose 3.6 points to 52, indicating activity was recovering from power rationing imposed in major manufacturing areas in September to meet official energy efficiency targets.

Industrial activity rebounded this month thanks to easing disruptions from power shortages, said Sheana Yue of Capital Economics in a report.

Yue noted the recovery faces uncertainty due to the spread of the coronaviruss omicron variant. She said manufacturers also face supply shortages but that was offset at least partly by falling prices for materials.

A measure of new export orders rose 1.9 points to 48.5 while new orders overall improved by 0.6 points to 49.4, according to the federation and the National Bureau of Statistics.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Reliance Capital locked in 5% lower circuit as RBI supersedes board

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Reliance Capital shares were locked in the 5 percent lower circuit at Rs 18.10 today as the Reserve Bank of India (RBI) has superseded the board of directors of the Anil Ambani-owned company.

The stock has risen 59 percent year-to-date and has gained 95 percent in the past one year. However, its returns in the past 3 years have been negative. The stock has fallen 92 percent during the period.

RBI superseding the company’s board comes on the back of defaults by Reliance Capital in meeting the payment obligations to its creditors and serious governance concerns which it has not been able to address effectively.

RBI will shortly initiate the process of resolution of the company under the Insolvency and Bankruptcy Code and Nageswar Rao is appointed as the Administrator.

“The Company has no outstanding loans from banks and approx 95 percent of its debt is in the form of debentures,” Reliance Capital said in a press release.

“The Company looks forward to expeditious resolution of its debt and continuation as a well-capitalised going concern through the IBC process, in the overall interests of all its stakeholders, including lenders, customers, employees and shareholders,” the company said.

Reliance Capital had said on Saturday that it is unable to proceed with its asset monetisation which has resulted in a delay in servicing its debt.

The company’s total financial indebtedness including short-term and long-term debt stood at Rs 21,781.01 crore. This amount also includes accrued interest up to October 31, 2021.

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Health officials trace Botswana woman who visited MP amid Omicron concerns

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Madhya Pradesh health authorities have traced a woman in Jabalpur, who came from southern African country Botswana, where Omicron variant of coronavirus has been detected.

The information about the arrival of the woman was given to the authorities by the airline after she arrived at Jabalpur’s Dumna airport on November 18.

Officials started searching for the 34-year old, as per the health surveillance guidelines, to check the spread of COVID-19.

Also Read: Is Omicron more dangerous than Delta, will vaccines work? India’s leading expert on COVID-19 answers

The woman was identified as Oreemetse Lynn Khumo and she was found at the Army-run College of Materials Management (CMM) on Monday in Jabalpur. According to officials, she is a captain in the Botswana Army.

However, the woman has not yet demonstrated any symptoms of the COVID so far.

“The woman came to Jabalpur from Delhi, as per the record shared with us by the Central government,” Jabalpur Chief Medical and Health Officer Dr Ratnesh Kurariya told PTI.

The officials had launched a search operation at hotels and guest houses in Jabalpur in search of the woman.

Meanwhile, Mumbai civic body said that at least 1,000 travellers landed in Mumbai in last 15 days from African countries where the potentially more transmissible ‘Omicron’ variant of coronavirus has been detected.

The World Health Organisation (WHO) named the new COVID-19 variant B.1.1.529 as Omicron, which can carry 50 mutations overall, including over 30 on the spike protein alone.

Omicron has been detected in several countries including Canada, the UK, and South Africa.

–With agency inputs

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Sudarshan Sukhani, Mitessh Thakkar: TCS, Dr Lal, Pfizer and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian equity benchmarks started Tuesday’s session on a muted note despite gains across most global markets. At 8:59 am, Singapore Exchange Nifty futures — an early indicator of the Nifty50 index — were down 17 points or 0.1 percent at 17,073, reversing direction after rising to as high as 17,156.5 earlier on Tuesday.

Equities across Asian markets rose on Tuesday amid optimism the Omicron variant of COVID-19 might not cause a widespread global economic disruption. MSCI’s broadest index of Asia Pacific shares outside Japan was up 0.2 percent at the last count.

Japan’s Nikkei 225 index was up 1.1, China’s Shanghai Composite up 0.5 percent and Singapore’s Straits Times up 0.1 percent, but South Korea’s KOSPI down 0.4 percent and Hong Kong’s Hang Seng down 0.4 percent.

S&P 500 futures were up 0.3 percent in Asian trade.

On Monday, the three main Wall Street indices rose 0.7-1.9 percent, regaining some of the ground they lost in Friday’s sell-off, as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from US President Joe Biden.

CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today. Here are the top buy-sell calls by market experts:

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

On new Twitter CEO Parag Agrawal’s appointment, Elon Musk is all praises for Indian talent

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Parag Agrawal’s appointment as new Twitter CEO chief executive officer (CEO) on Monday earned praises from the world over and the Telsa boss Elon Musk said the United States has greatly benefited from Indian talent.

“USA benefits greatly from Indian talent!” he wrote on Twitter.

Musk’s comment came as a reply to a tweet by Stripe CEO Patrick Collison who congratulated Agrawal, who has replaced Jack Dorsey, and pointed out that CEOs of all major tech firms across the globe have grown up in India.

“Google, Microsoft, Adobe, IBM, Palo Alto Networks, and now Twitter run by CEOs who grew up in India. Wonderful to watch the amazing success of Indians in the technology world and a good reminder of the opportunity America offers to immigrants,” Collison wrote on the microblogging site.

USA benefits greatly from Indian talent!

— Elon Musk (@elonmusk) November 29, 2021

And rightly said by Musk, some of the most prominent tech leaders in the US are of Indian origin. Be it Alphabet CEO Sundar Pichai, Microsoft’s Satya Nadella, IBM’s Arvind Krishna, Adobe’s Shantanu Narayen, VMWare’s Raghu Raghuram, or the new entrant to the club — the 37-year-old immigrant from India Parag Agrawal.

Agrawal has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs. However, his prior lack of name recognition coupled with a solid technical background appears to be what some big company backers were looking for to lead Twitter out of its current morass.

The IIT-Bombay graduate served as Twitter’s chief technology officer for the past four years.

Agrawal’s appointment was seen by Wall Street as a choice of someone who will focus on ushering Twitter into what’s widely seen as the internet’s next era – the metaverse.

In an email to employees, Agrawal said, “We recently updated our strategy to hit ambitious goals, and I believe that strategy to be bold and right…But our critical challenge is how we work to execute against it and deliver results.”

With AP inputs

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow