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  • December ITM CRUDEOIL Option & CRUDEOIL MINI Option expiry

    Upstox Securities Pvt. Ltd.: SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | CDSL Reg No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | Compliance Officer: Mr. Kapil Jaikalyani. Tel No.: (022) 24229920. Email ID: compliance@upstox.com | Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001 | RKSV Commodities India Pvt. Ltd.: SEBI Registration No.: INZ000015837 | MCX TM Code: 46510 | NSE TM Code: 90393 | CIN: U74900DL2009PTC189166 | Compliance Officer: Mr. Amit Lalan. Tel No.: (022) 24229920. Email ID: compliance@rksv.in | Registered Address: 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001. Correspondence Address: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai – 400013. | For any complaints, email at complaints@upstox.com and complaints.mcx@upstox.com.

    Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES include: Name, PAN, Address, Mobile Number, and E-mail ID. Benefits include effective communication and speedy redressal of grievances. Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI, along with our Terms of Use and Privacy Policy.

    Upstox Securities Private Limited is a wholly owned subsidiary of RKSV Securities India Private Limited and RKSV Commodities India Private Limited is an associate of RKSV Securities India Private Limited.

    Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.
    *Brokerage will not exceed the SEBI prescribed limit.

    Risk disclosures on derivatives –

    • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
    • On an average, loss makers registered net trading loss close to ₹ 50,000
    • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
    • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

    Mutual Funds: Top rated funds do not constitute any advice. Research data is powered by Morningstar. Please read the offer documents carefully before investing. Upstox shall not accept any liability arising out of your investments.
    These are not Exchange traded products, and the Member is just acting as distributor. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism.

    Attention Investors: As per NSE circular dated July 6, 2022, BSE circular dated July 6, 2022, MCX circular dated July 11, 2022 investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. Investors are further cautioned to avoid practices like:
    a) Sharing i) trading credentials – login id & passwords including OTP’s., ii) trading strategies, iii) position details.
    b) Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
    c) Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
    d) Dealing in unsolicited tips through like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
    e) Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.

    Kindly, read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets : Advisory Guidelines For Investors

    Kindly, read the advisory as prescribed by the Exchange with reference to their circular dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: KYC Updation

    Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from CDSL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets – once KYC is done through a SEBI-registered intermediary (broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Upstox or RKSV and offering such services, please send us an email at complaints@upstox.com and complaints.mcx@upstox.com.

    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
    Stockbrokers can accept securities as margin from their clients only by way of a pledge in the depository system w.e.f. 1st September 2020.
    Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number to create a pledge.
    Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL/CDSL every month.

    Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies. https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the-indian-securities-market_74794.html

    ODR portal for Investors – https://smartodr.in/login

  • SBI Interest Rate: SBI changed the interest rate rules from December 15, check details

    SBI Interest Rate: The country’s largest public sector bank, State Bank of India, has changed its Basic Landing Rates (MCLR). The interest rates will be applicable from December 15.

    The bank issued a notification and informed about the new interest rates. Let us tell you that the change in MCLR rates by the bank will affect the EMI of your home loan, car loan, personal loan. Let us tell you that the bank’s MCLR is the minimum rate at which the bank fixes its loan rates. Changes in this change the EMI.

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    SBI new interest rates

    SBI has announced the new rates of Marginal Cost of Lending Rate (MCLR). The new rates will be applicable from 15 December 2024 to 15 January 2025. If we look at the new rates, the bank has kept it as it is. According to the official website of State Bank of India (SBI), the overnight MCLR is 8.2 percent. At the same time, the interest rate for 1 month is 8.2 percent. The rate for 3 months is 8.55 percent. The rate for 6 months is 8.90 percent and the rate for 1 year is 9.00 percent. Apart from these, the rate for 2 years is 9 percent. The interest rate for 3 years is 9.1 percent. Let us tell you that 42 percent of the bank’s loan is linked to MCLR.

    What will be the effect on EMI

    MCLR is the minimum rate of banks below which no bank disburses loans. That is, the more the MCLR increases, the more the interest on the loan will increase. That is, your EMI will also increase. Due to increase in MCLR rates, the EMI of the loan takers increases on the reset date, however, SBI has given a big relief to its customers by not increasing the interest rates.

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  • GlobalLogic and Nokia Join Forces to Accelerate Innovation in 5G Enterprise Solutions through Advanced Network API Use Cases The agreement further expands the API ecosystem that Nokia is building with operators, systems integrators, software developers, and hyperscalers to harness network capabilities and monetize network assets. GlobalLogic will leverage Nokia’s Network as Code platform to build new applications for enterprises like automotive, industrial, and finance verticals. New Delhi, India – December 16, 2024 – GlobalLogic Inc., a Hitachi Group Company and a leader in digital engineering, today announced that it is partnering with Nokia to accelerate the adoption of advanced 5G and 4G enterprise solutions. Through Nokia’s Network as Code platform and developer portal, GlobalLogic will drive innovation across key enterprise verticals, with an initial focus on the automotive, industrial and financial sectors, creating transformative use cases that deliver measurable business value. By leveraging Nokia’s Network as Code platform, GlobalLogic’s team of software developers can seamlessly tap into advanced network capabilities, enabling the creation of new, network-aware applications that function across diverse network architectures. This platform empowers developers with Software Development Kits (SDKs) and comprehensive Network API documentation, providing the technical tools needed to innovate quickly and efficiently. GlobalLogic will focus initially on use cases designed to enhance operational efficiency, fraud management, customer experience and unlock new revenue streams. Leveraging 5G-powered Network APIs, industrial and automotive companies can transform worker safety, operational efficiency, and help achieve sustainability targets. Connected devices, such as smart helmets and wearables, can utilize network functions to track real-time worker locations and integrate IoT data, including health metrics and environmental factors like gas levels or temperature, triggering real-time alerts to prevent safety hazards. AI enabled predictive maintenance and digital twins ensure safe, efficient operations by identifying faults early, while XR/VR solutions enable remote plant maintenance and immersive training, reducing travel and emissions. In the financial industry, integrating API-driven network insights, device authentication and AI empowers real-time fraud prevention, secures financial transactions, and delivers personalized value-added services, elevating customer trust and experience. “The Network as Code platform fosters a unified ecosystem by bringing together telco networks, systems integrators, and developers worldwide,” said Ashay Punekar, Vice President Communications & Network Providers Business Unit at GlobalLogic. “Through this partnership, we are positioned to not only accelerate 5G innovation, but also redefine the way enterprises interact with and benefit from network technologies, helping communication service providers to monetize their 5G investments”, added Sameer Tikoo, Group Vice President & General Manager, Communications & Network Providers Business Unit at GlobalLogic. “With our Network as Code platform, GlobalLogic will benefit from having choice, flexibility, and extreme automation to fit its business model and create new value in connecting to ecosystems of applications and services. Leveraging its digital engineering expertise, GlobalLogic is well-positioned to harness this innovation for seamless integration and enhanced connectivity. As a B2B technology innovation leader, Nokia is driving the next evolution of networking to enable people, machines, and devices to interact in real-time like never before”, said Shkumbin Hamiti, Head of Network Monetization Platform, Cloud and Network Services at Nokia. – CRN

    GlobalLogic and Nokia Join Forces to Accelerate Innovation in 5G Enterprise Solutions through Advanced Network API Use Cases The agreement further expands the API ecosystem that Nokia is building with operators, systems integrators, software developers, and hyperscalers to harness network capabilities and monetize network assets. GlobalLogic will leverage Nokia’s Network as Code platform to build new applications for enterprises like automotive, industrial, and finance verticals. New Delhi, India – December 16, 2024 – GlobalLogic Inc., a Hitachi Group Company and a leader in digital engineering, today announced that it is partnering with Nokia to accelerate the adoption of advanced 5G and 4G enterprise solutions. Through Nokia’s Network as Code platform and developer portal, GlobalLogic will drive innovation across key enterprise verticals, with an initial focus on the automotive, industrial and financial sectors, creating transformative use cases that deliver measurable business value. By leveraging Nokia’s Network as Code platform, GlobalLogic’s team of software developers can seamlessly tap into advanced network capabilities, enabling the creation of new, network-aware applications that function across diverse network architectures. This platform empowers developers with Software Development Kits (SDKs) and comprehensive Network API documentation, providing the technical tools needed to innovate quickly and efficiently. GlobalLogic will focus initially on use cases designed to enhance operational efficiency, fraud management, customer experience and unlock new revenue streams. Leveraging 5G-powered Network APIs, industrial and automotive companies can transform worker safety, operational efficiency, and help achieve sustainability targets. Connected devices, such as smart helmets and wearables, can utilize network functions to track real-time worker locations and integrate IoT data, including health metrics and environmental factors like gas levels or temperature, triggering real-time alerts to prevent safety hazards. AI enabled predictive maintenance and digital twins ensure safe, efficient operations by identifying faults early, while XR/VR solutions enable remote plant maintenance and immersive training, reducing travel and emissions. In the financial industry, integrating API-driven network insights, device authentication and AI empowers real-time fraud prevention, secures financial transactions, and delivers personalized value-added services, elevating customer trust and experience. “The Network as Code platform fosters a unified ecosystem by bringing together telco networks, systems integrators, and developers worldwide,” said Ashay Punekar, Vice President Communications & Network Providers Business Unit at GlobalLogic. “Through this partnership, we are positioned to not only accelerate 5G innovation, but also redefine the way enterprises interact with and benefit from network technologies, helping communication service providers to monetize their 5G investments”, added Sameer Tikoo, Group Vice President & General Manager, Communications & Network Providers Business Unit at GlobalLogic. “With our Network as Code platform, GlobalLogic will benefit from having choice, flexibility, and extreme automation to fit its business model and create new value in connecting to ecosystems of applications and services. Leveraging its digital engineering expertise, GlobalLogic is well-positioned to harness this innovation for seamless integration and enhanced connectivity. As a B2B technology innovation leader, Nokia is driving the next evolution of networking to enable people, machines, and devices to interact in real-time like never before”, said Shkumbin Hamiti, Head of Network Monetization Platform, Cloud and Network Services at Nokia. – CRN

    GlobalLogic Inc., announced that it is partnering with Nokia to accelerate the adoption of advanced 5G and 4G enterprise solutions. Through Nokia’s Network as Code platform and developer portal, GlobalLogic will drive innovation across key enterprise verticals, with an initial focus on the automotive, industrial and financial sectors, creating transformative use cases that deliver measurable business value.

    By leveraging Nokia’s Network as Code platform, GlobalLogic’s team of software developers can seamlessly tap into advanced network capabilities, enabling the creation of new, network-aware applications that function across diverse network architectures. This platform empowers developers with Software Development Kits (SDKs) and comprehensive Network API documentation, providing the technical tools needed to innovate quickly and efficiently.

    GlobalLogic will focus initially on use cases designed to enhance operational efficiency, fraud management, customer experience and unlock new revenue streams. Leveraging 5G-powered Network APIs, industrial and automotive companies can transform worker safety, operational efficiency, and help achieve sustainability targets. Connected devices, such as smart helmets and wearables, can utilise network functions to track real-time worker locations and integrate IoT data, including health metrics and environmental factors like gas levels or temperature, triggering real-time alerts to prevent safety hazards. AI enabled predictive maintenance and digital twins ensure safe, efficient operations by identifying faults early, while XR/VR solutions enable remote plant maintenance and immersive training, reducing travel and emissions. In the financial industry, integrating API-driven network insights, device authentication and AI empowers real-time fraud prevention, secures financial transactions, and delivers personalised value-added services, elevating customer trust and experience.

    “The Network as Code platform fosters a unified ecosystem by bringing together telco networks, systems integrators, and developers worldwide,” said Ashay Punekar, Vice President Communications & Network Providers Business Unit at GlobalLogic. “Through this partnership, we are positioned to not only accelerate 5G innovation, but also redefine the way enterprises interact with and benefit from network technologies, helping communication service providers to monetise their 5G investments”, added Sameer Tikoo, Group Vice President & General Manager, Communications & Network Providers Business Unit at GlobalLogic.

    “With our Network as Code platform, GlobalLogic will benefit from having choice, flexibility, and extreme automation to fit its business model and create new value in connecting to ecosystems of applications and services. Leveraging its digital engineering expertise, GlobalLogic is well-positioned to harness this innovation for seamless integration and enhanced connectivity. As a B2B technology innovation leader, Nokia is driving the next evolution of networking to enable people, machines, and devices to interact in real-time like never before”, said Shkumbin Hamiti, Head of Network Monetisation Platform, Cloud and Network Services at Nokia.

  • Mamata Machinery Limited IPO to Open on December 19, 2024

    Chandigarh, December 16, 2024: Mamata Machinery Limited (“MML” or “The Company”), shall open the Bid Offer Period for its initial public offer of the Equity Shares on Thursday, December 19, 2024.

    The total offer size of equity shares (face value ₹ 10 each) comprises of Offer for Sale up to 7,382,340 [73.82 lakhs number of equity shares] (“Offer for Sale”) by Promoter Selling Shareholders. (“Total Offer Size”)

    The Offer for Sale comprises up to 534,483 Equity Shares by Mahendra Patel, up to 1,967,931 Equity Shares by Nayana Patel, up to 1,227,042 Equity Shares by Bhagvati Patel, up to 2,129,814 Equity Shares by Mamata Group Corporate Services LLP and up to 1,523,070 Equity Shares by Mamata Management Services LLP (“Promoter Selling Shareholders”)

    The Price Band of the Offer has been fixed at ₹ 230 to ₹ 243 per Equity Share (the “Price Band”). The price band includes a discount of ₹ 12 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion (“Employee Reservation Portion Discount”).

    Bids can be made for a minimum of 61 Equity Shares and in multiples of 61 Equity Shares thereafter. (The “Bid Lot”).

    The Anchor Investor Bid/Offer Period opens on and closes on Wednesday, December 18, 2024. The Bid/Offer Period will open on Thursday, December 19, 2024, for subscription and close on Monday, December 23, 2024. (The “Bid Details”)

    These Equity Shares are being offered through the Red Herring Prospectus of the Company dated December 12, 2024, filed with the Registrar of Companies, Gujarat at Ahmedabad. (The “ROC”)

    The Equity Shares to be offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”). For the Offer, BSE is the Designated Stock Exchange. (The “Listing Details”)

    Beeline Capital Advisors Private Limited is the book-running lead manager to the Offer (The “BRLMs”).

    All capitalized terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

    This is an Offer in terms of Rule 19(2)(b) of the SCRR, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in terms of Regulation 6 (1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs and such portion, the “QIB Portion”), provided that our Company, in consultation with the BRLM, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”), out of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.

    Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.

    Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders (Non-Institutional Portion”) (of which one third of the Non-Institutional Portion shall be reserved for Bidders with an application size between ₹ 0.20 up to ₹ 1.00 million and two-thirds of the Non- Institutional Portion shall be reserved for Bidders with an application size exceeding ₹ 1.00 million) and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other subcategory of Non-Institutional Portion, subject to valid Bids being received at or above the Offer Price and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price.

    All potential Bidders (except Anchor Investors) are mandatorily required to participate in the Offer through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA Process. For further details, see Offer Procedure” on page 387.


    Sujata

  • Sri Lanka’s President Anura Kumara Dissanayake to visit India on December 15

     

    Anura Kumara Dissanayake to visit India tomorrow
     Anura Kumara Dissanayake to visit India tomorrow. Photo Courtesy: Anura Kumara Dissanayake X page

    Sri Lanka’s President Anura Kumara Dissanayake will arrive in India on December 15, marking his maiden visit to the neighbouring country after winning the polls a few months ago.

    The Sri Lankan leader will be visiting India from December 15 to 17.

    “This will be the first bilateral visit of President Disanayaka to India after the recently concluded presidential and parliamentary elections in Sri Lanka,” read a statement issued by the Ministry of External Affairs.

    The Sri Lankan President will meet his Indian counterpart Droupadi Murmu, and Prime Minister Narendra Modi, and discuss bilateral issues of mutual interest.

    “President Disanayaka will also participate in a business event in Delhi to promote investment and commercial linkages between India and Sri Lanka. Further, he will visit Bodh Gaya as part of the visit,” read the MEA statement.

    The Indian government described Sri Lanka as the country’s closest maritime neighbour in the Indian Ocean Region (IOR) and said it holds a central place in Prime Minister Modi’s vision of ‘SAGAR’ (Security and Growth for All in the Region) and India’s ‘Neighbourhood First’ policy.

    During India’s External Affairs Minister S Jaishankar’s visit to Sri Lanka in October, he invited President Dissanayake to India.

    Jaishankar also met Prime Minister Dr. Harini Amarasuriya during his trip to the Island Nation.

    The EAM also met former President Ranil Wickremesinghe and Leader of SJB, Sajith Premadasa.

  • JioCinema brings comedy thriller series, ‘Moonwalk’ starring Samir Kochhar, Anshumaan Pushkar, Nidhi Singh and Sheeba Chadha, to premiere on 20th December

    JioCinema brings comedy thriller series, ‘Moonwalk’ starring Samir Kochhar, Anshumaan Pushkar, Nidhi Singh and Sheeba Chadha, to premiere on 20th December

    Trailer Link: https://www.youtube.com/watch?v=UxTrvsczwO8

    Jio Prime, Moonwalk

    National, 13th December,2024: JioCinema is all set to bring a quirky tale of heist, love and loyalty with its latest comedy-thriller series, Moonwalk. Starring Samir Kochhar, Anshumaan Pushkar, Nidhi Singh, Sheeba Chadha, and Geetanjali Kulkarni in key roles, the show is all set to premiere on 20th December on JioCinema Premium. The recently released trailer sets the stage for an unexpected battle between two rival thieves—not over a heist, but for love! With a perfect mix of humor and suspense, Moonwalk promises to keep audiences on the edge of their seats.

    Moonwalk pits Tarik Pandey (essayed by Anshumaan Pushkar), Rampur’s best thief, against Maddy (played by Samir Kochhar), Delhi’s top crook, in a battle for both a priceless treasure and the heart of the girl of their dreams, Chandani (played by Nidhi Singh). After a slip-up lands Tarik in jail, Chandani declares a challenge: whoever steals the better item—Tarik’s golden commode or Maddy’s precious necklace—will win her love. Meanwhile, an aging gangster, his son who wants to be a teacher, an uptight cop, Chandani’s jealous ex, and a legendary cellmate, add to the chaos, leading to an unexpected showdown as all players compete for the ultimate prize—a moonrock! Moonwalk is directed by Ajay Bhuyan and produced by Jyoti Deshpande (Jio Studios) and Ajay G Rai (Jar Pictures).

    Sharing his excitement for the show, Samir Kochhar shares, “Maddy is a legend in the world of heists, who executes impossible jobs with unmatched skill and charisma. He is always a step ahead, and beneath his suave exterior lies a darker edge – he thrives on the thrill of deception and bending the rules to his advantage. This character brings surprises as the story unfolds, and that’s what makes it interesting. I’m also excited to do something different this time from my previous roles. Moonwalk is exciting, unpredictable, and has everything the audience will look forward to – complete drama and entertainment.

    Anshumaan Pushkar, who plays Tarik reflected on his experience, saying, “Moonwalk has been an exhilarating journey for me, both as an actor and as a part of such a fun and exciting project. There’s something special about working on a project that’s as entertaining as it is interesting, and the energy on set was always filled with laughter and positivity. It truly made the entire experience one of the most enjoyable shoots I’ve had to date, and I’m confident that this joy will translate onto the screen for the audience to feel. What made it even more enriching was the opportunity to collaborate with incredible talents like Sheeba Ji and Samir, who bring so much depth to their craft. This was also one of my first projects, making it all the more special and memorable for me.”

    Nidhi Singh, who essays the role of Chandani, shared, “My character, Chandni, is a blend of mischief and innocence, which made portraying her a truly rewarding experience. I particularly enjoyed exploring Chandni’s chemistry with Anshuman and Samir, as their bond evolves in a heartfelt and meaningful way, adding depth to the story. It was also wonderful to work with Sheeba Chaddha again; her talent and warmth made the experience even more special.”

    Stay tuned to this quirky heist with ‘Moonwalk’, premiering on JioCinema on 20th December!

  • Advance Tax Deadline: Can you pay advance tax on 16 December without penalty? know here

    Advance Tax 15 December 2024 Deadline : The third installment of advance tax for the financial year 2024-25 is to be paid by 15 December 2024. However, banks will be closed on 15 December 2024 as it is a Sunday.

    In such a situation, taxpayers may wonder if they can make this payment on 16 December 2024 i.e. Monday? If the income tax liability of the taxpayers is more than Rs 10,000, then it is mandatory to pay advance tax. If the payment is not made on time, taxpayers may have to face penalty and interest.

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    Income tax department rules

    According to the Income Tax Department’s circular dated 14 January 1994, if the last date for advance tax payment falls on a public holiday or Sunday and the bank is closed on that day, then the taxpayer gets the next working day for payment. In this case, no penalty or interest will be levied on the taxpayer under Section 234B and 234C of the Income Tax Act 1961.

    Can you pay advance tax on 16 December without penalty?

    The third installment payment for the financial year 2024-25 can be made on Monday, 16 December 2024, as 15 December is a Sunday. In this case, no penalty or interest will be levied on taxpayers. Taxpayers can pay their third installment of advance tax on December 16 without any worry.

    Advance tax: Payment is made in four installments

    Advance tax has to be paid in four installments in the same financial year in which the income is earned.

    15% – till 15 June

    45% – By September 15 (includes 1st instalment)

    75% – By 15th December (includes 1st and 2nd instalment)

    100% – by 15 March

    Who has to pay advance tax?

    If you still have a tax liability of Rs 10,000 or more after deducting TDS on your income, then you will have to pay advance tax. Apart from salary, this also includes income from rent, capital gains, FD interest, or lottery winnings.

    What will happen if advance tax is not paid?

    If you do not pay advance tax or pay it late, you will have to pay a penalty as per section 234B and 234C under the Income Tax Department. The rate of this penalty is 1% per month.

    Section 234B: If you have not paid 90% of the total tax by March 31, then you will have to pay interest at the rate of 1% per month.

    Section 234C: Interest will be charged at the rate of 1% per month for four installments at different times. Hence, it is very important to pay the advance tax on time to avoid additional penalty.

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  • Financial Deadline: Complete these 5 work before 31st of December for better financial planning

    There are about three weeks left for the year 2024 to end. This is the right time to review your financial plan, tax planning and investment portfolio. Many people do not get time to pay attention to these things due to their busy work.

    Such people should take out some time for these tasks at the end of the year. Moneycontrol is telling you about some such important tasks, which would be good to complete before 31 December.

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    1. Rebalancing your portfolio

    The stock market started declining in early October this year . The decline has been seen reducing in the last few sessions. However, the value of your portfolio would have decreased due to the decline in October and November. The balance of equity and debt would have changed. This is the right time to take a close look at the portfolio once. If the share of equity in your portfolio has decreased, then you can use the opportunity of market decline to invest in equity. This will balance your portfolio again.

    2. Tax planning

    If you use the old income tax regime, then you should check once whether you have made the necessary investment to claim tax deduction. If you have not done so, then you have time till March for that. To claim deduction under Income Tax Section 80C and 80D, you have to invest before March 31. By checking now, you will know how much more investment you have to make for tax savings. If your health insurance is going to be renewed in January or February, then you have to plan for its premium payment from now. If this is not done, renewal may be missed.

    3. Investment plan for 2025

    Many people increase their investment every year. This is very important to create a big fund in the long term. If you have also planned to increase your investment from next year i.e. January, then you have to prepare for it from now. You can decide the plan by looking at your financial situation as to how much additional investment you can make from January. If you want, you can increase your investment in mutual fund schemes through SIP from January.

    4. Belated return filing

    If for some reason you have missed filing income tax return by 31 July, then you can file belated return till 31 December. Income tax return for FY24 can be filed till 31 December with penalty. However, in filing belated return, the taxpayer also has to pay interest on the tax amount. You can take the advice of your tax expert in this regard.

    5. Insurance planning

    If you have not taken term insurance or you have a policy with low cover, then this is the right time to review it. The cover of your life insurance policy should be sufficient for your needs. The cover of your health policy should also be sufficient. By reviewing it at the end of the year, you can plan to increase the cover in the new year.

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  • Public Holiday: All banks, schools and government offices closed on 12 December – Check Details

    As the last month of the year, December, begins, the effect of cold also starts reaching its peak. In this month, while on the one hand people enjoy warm clothes and tea to get relief from the cold, on the other hand, a period of holidays also prevails across the country.

    During this time, various types of holidays are celebrated in schools, colleges, government offices and banks. The Reserve Bank of India (RBI) releases a list of holidays for the month of December every year, which includes national, regional and special holidays.

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    Why will there be a holiday in Meghalaya on December 12?

    One of the major holidays of this month will be in the state of Meghalaya on December 12. On this day, a holiday has been declared in the state on the occasion of the death anniversary of *Pa-Togan Nengminza Sangma*, a brave freedom fighter of the Garo tribe. This day is celebrated in honor of the Garo warrior Shaheed Sangma, who sacrificed his life in 1872 while fighting against the British Empire.

    Contribution of Pa-Togan Nengminza Sangma

    Pa-Togan Nengminza Sangma was a courageous freedom fighter from the Garo tribe of Meghalaya who fought fiercely against British rule. In 1872, Sangma and his fellow Garo warriors attacked British soldiers at night in Macha Rongkrek village. Although the British soldiers had state-of-the-art weapons, due to which the Garo warriors suffered defeat, this conflict has made an important place in the history of the Garo tribe. To honor this valor and sacrifice on December 12, government offices, banks and schools will remain closed in the state.

    Full list of bank holidays for the month of December

    A total of 17 holidays have been declared in December. These holidays include holidays due to special state-level festivals, second and fourth Saturdays and all Sundays. Bank operations will remain suspended due to these holidays.
    According to RBI, banks will remain closed on the following days in December 2024:

    – 3 December, Tuesday: Feast of St. Francis Xavier (Panaji, Goa)

    – 12 December, Thursday: Death anniversary of Pa-togan Nengminza Sangma (Shillong, Meghalaya)

    – 18 December, Wednesday: Death anniversary of U Soso Tham Shillong (Shillong, Meghalaya)

    – 19 December, Thursday: Goa Liberation Day (Panaji)

    – 24 December, Tuesday: Christmas Eve (Aizawl, Mizoram, Kohima, Nagaland, Shillong)

    – 25 December, Wednesday: Christmas (Public Holiday)

    – 26 December, Thursday: Christmas Celebration (Aizawl, Kohima, Shillong)

    – 27 December, Friday: Christmas Celebration (Kohima)

    – 30 December, Monday: U Kiang Nangbah (Shillong)

    – 31 December, Tuesday: New Year’s Eve/Losong/Namsung (Aizawl, Gangtok, Sikkim)

    Apart from this, there are two other important holidays for banks in December:

    – 14 December, Second Saturday

    – December 28, Fourth Saturday

    Apart from this, there are a total of five Sundays in the entire month of December, on which bank holidays will be observed:

    – December 1, 8, 15, 22 and 29

    Special holidays for regional holidays

    The list released by the Reserve Bank also includes several regional holidays due to various state-level holidays. These holidays will affect only the respective states or regions. For example, the feast of *St. Francis Xavier* will be celebrated only in Goa, while the death anniversary of *U Soso Tham Shillong* will cause a special holiday in Shillong and surrounding areas. Similarly, other holidays will also be limited to only those regions where the respective festivals are celebrated.

    Online banking services will remain available

    Although working activities in banks may come to a halt during these holidays, online banking services will remain available as usual. Customers can carry out their daily financial tasks such as transactions, bill payments, checking account statements, etc. through internet banking, mobile banking and ATMs. This is a matter of great relief for the customers, because even on holidays they can complete their banking work without any hassle.

    Demand of bank employees

    Meanwhile, bank employees have demanded a *5-day working week* from the government. If this proposal is approved, it will mean that bank employees will be on leave on Saturdays of every week, and not just on the second and fourth Saturdays. This will give employees a chance to rest and balance work life. Although no decision has been taken on this yet, this proposal of the employees is an attempt to change the work culture in banks.

    The list of holidays announced by the Reserve Bank of India in December 2024 includes various national and regional holidays, which will affect the operations of banks. However, online banking services will continue, allowing customers to easily carry out their financial activities even during these holidays. Apart from this, on December 12, there will be a special holiday in the state due to the death anniversary of *Pa-Togan Nengminza Sangma*, a freedom fighter of the Garo tribe in Meghalaya, which will be observed to honor his sacrifice and valor.


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  • Public Holiday: All Banks, schools and government offices will remain closed on December 12, know the reason

    The last month of the year, December, begins and the cold is at its peak. In such a situation, be it school-college or bank, there is a round of holidays everywhere.

    The Reserve Bank of India (RBI) releases a list of holidays every year, which includes national and regional holidays.

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    This month, apart from the weekly holiday, there are many state-level and special holidays, one of which is December 12. Banks, schools and government offices will remain closed in Meghalaya on this day. Let’s know the reason behind this-

    Why will there be a holiday in Meghalaya on December 12?

    December 12 has been declared a holiday in Meghalaya to commemorate the death anniversary of the brave freedom fighter Pa-Togan Nengminza Sangma of the Garo tribe. On this day, the state government pays tribute to the Garo warrior Shaheed Sangma, who sacrificed his life in the struggle against the British rule in 1872.

    Who was Pa-Togan Nengminza Sangma?

    Pa-Togan Sangma was a courageous freedom fighter from the Garo tribe of Meghalaya. His heroic story was written in 1872, when he led a night attack on British troops in Macha Rongkrek village. However, the Garo warriors suffered defeat due to the modern weapons of the British army. Sangma sacrificed his life in protest against British rule over Northeast India.

    Take a look at December holidays

    According to the RBI, banks will remain closed for several days in December 2024. To see the complete list of holidays, you can visit the official website of RBI here.

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