Gold became costlier by Rs 543 in a week: SEBI changed entry-exit rules for shares in F&O segment, reduced windfall tax on crude oil

Yesterday's big news was related to the price of gold and silver. This week, there has been an increase in the prices of gold and silver. According to the website of India Bullion and Jewelers Association (IBJA), gold was at Rs 71,424 on last Saturday i.e. 24 August, which has now reached Rs 71,958 per 10 grams on (31 August). That is, its price has increased by Rs 543 this week. At the same time, the stock market regulator Security Exchange Board of India (SEBI) has changed the rules regarding entry and exit of shares in the Futures and Options (FO) segment. The regulator wants the stocks that become part of the derivatives market to be more liquid and include more market participants. So that, manipulation can be prevented and the risk to the system is reduced. Before tomorrow's big news, today's major events, which will be in focus… Now read tomorrow's big news… 1. Gold and silver prices rose this week: Gold rose by Rs 543 to Rs 71,958, silver is being sold at Rs 85,019 per kg. This week, there has been a rise in the prices of gold and silver. According to the Website of India Bullion and Jewelers Association (IBJA), gold was at Rs 71,424 on last Saturday i.e. 24 August, which has now reached Rs 71,958 per 10 grams (31 August). That is, its price has increased by Rs 543 this week. Talking about silver, it was at Rs 84,615 last Saturday, which has now reached Rs 85,019 per kg. This week its price has increased by Rs 404. This year, silver reached its all-time high of Rs 94,280 per kg on 29 May. At the same time, gold had made an all-time high of Rs 74,222 on May 21. Click here to read the full news… 2. SEBI changes entry-exit rules for shares in FO segment: 23 stocks including JK Cement may be out, Zomato-Adani Green will enter the segment. Stock market regulator Securities Exchange Board of India (SEBI) has changed the rules regarding entry and exit of shares in the Futures and Options (FO) segment. The regulator wants the stocks that become part of the derivatives market to be more liquid and include more market participants. So that, manipulation can be prevented and the risk to the system is reduced. According to the new rules of SEBI, stocks in the options segment that do not meet the criteria for three consecutive months will be removed. After the exit of these stocks, new contracts will also not be issued. Click here to read the full news… 3. Government reduces windfall tax on crude oil: reduced from ₹2,100 to ₹1,850 per metric ton, exemption on diesel, petrol and ATF remains The government has reduced the Special Additional Excise Duty (SAED), i.e. windfall tax, on the export of domestically produced crude oil. In its regular review, the government has reduced the windfall tax from Rs 2,100 per metric ton to Rs 1,850 per metric ton. This change has come into effect from Saturday, 31 August 2024. The government reviews the windfall tax every 15 days. Click here to read the full news… 4. Claim of non-veg material in Patanjali's toothpaste: Petition filed in Delhi High Court, court sought response from Ramdev A petition has been filed in the Delhi High Court regarding Patanjali's product Divya Dant Manjan. It is claimed that the product contains non-vegetarian material. Petitioner Advocate Yatin Sharma has alleged that the company uses a non-vegetarian substance called 'sea foam' (cuttlefish) in its 'Divya Dant Manjan'. Advocate Yatin Sharma has also told that despite the use of non-vegetarian substance, the product has been given a green i.e. vegetarian label. Click here to read the full news… 5. Vedanta will invest ₹1 lakh crore in Rajasthan: This fund will be used in renewable power projects, new employment opportunities will also be created. Metal and mining company Vedanta Limited will invest about 1 lakh crore rupees in Rajasthan. A large part of this investment will be used for renewable power projects. Company director Priya Agarwal Hebbar gave this information on Friday. She said – Our company Hindustan Zinc and Cares India are already present in Rajasthan. We have invested more than 1 lakh crore rupees in the state in the last few years. In the coming time, we will invest another 1 lakh crore in the same way. Click here to read the full news… 6. Tamil Nadu government signs MoU with Google: The company will set up artificial intelligence labs in the state, 20 lakh youth will be skilled in AI. The Tamil Nadu government has signed a Memorandum of Understanding (MoU) with Google to set up artificial intelligence labs in the state. These labs will be set up under the state government's investment promotion agency 'Guidance'. Industries Minister TRB Raja said that the purpose of these labs is to provide skills in artificial intelligence to 20 lakh youth. Tamil Nadu Chief Minister MK Stalin signed the MoU during his visit to Google's headquarters. Click here to read the full news… 7. Bajaj Housing Finance IPO will open on September 9: Company will raise ₹6,560 crore, price band will be announced on September 3 The date of Initial Public Offering (IPO) of Bajaj Finance's subsidiary company Bajaj Housing Finance Limited has been revealed. This public issue will open for subscription on September 9 and close on September 11. The company has given this information in its Red Herring Prospectus (RHP). The size of this IPO will be Rs 6,560 crore. In this, new shares worth Rs 3,560 will be issued. Also, there will be an Offer for Sale (OFS) of Rs 3,000 crore. Click here to read the full news… 8. Bajaj Chetak Blue 3202 Electric Scooter Launched: Special Edition has a range of 137km on full charge, competes with Ola S1 Pro and Ather Rizta Z Bajaj Auto has launched the special edition Chetak Blue 3202 of its popular electric scooter in the Indian market. The company claims that the electric scooter can run 137km on full charge. It has been priced at Rs 1.15 lakh (ex-showroom Bengaluru, including EMPS-2024 scheme). Like other variants, additional charges will have to be paid for the Techpack package. The price of the new Chetak Blue 3202 is Rs 8000 less than the Urban variant and equal to the Premium trim. The company has started its booking on the official website. You can book it by paying a token amount of Rs 2000. Click here to read the complete news… Now read the news of your need… Download virtual Aadhaar for free at home: It is valid everywhere, see the complete process to download it Aadhaar is an important document in our country. Many times we do not keep it with us due to the fear of losing or damaging it. But do you know that you can also download its virtual copy (PDF file). You do not have to pay any fee for this and it is also valid everywhere. According to UIDAI, the organization issuing Aadhaar card, virtual Aadhaar or e-Aadhaar is also valid everywhere like Aadhaar card. We are telling the process to download it. Click here to read the complete news… Also see who were the top-10 richest people in the world yesterday… Yesterday the stock market was closed, so know the condition of Friday's stock market and gold-silver… Know the latest price of petrol-diesel and gas cylinder…

Graphics Source: VaskarAssets