IPO & Market Buzz
Aditya Infotech's IPO began with a significant over 50% premium, with its market cap nearing Rs 12,000 crore. The article also touched upon the performance
of Escorts Kubota, which saw analysts lifting targets following a strong Q1 showing. Overall, the market showed mixed trends as it opened, with Sensex dipping 93 pts to 80,925, and Nifty slipping 16 pts to 24,706.
Salary & Pay Hikes
The 8th CPC Pay Commission is under discussion, with projections detailed for various employee levels. For instance, Level 5 employees may see salary revisions. Projections are also available for Level 4 employees, detailing potential payouts based on different fitment factors like 1.92, 2.57, and 2.86. Additionally, revised pay estimates for IAS and IPS officers are provided.
Tax & Investment Tips
The article offers insights on how to pay zero tax on incomes of Rs 19 lakh and Rs 17.9 lakh under the new tax regime, which could be especially beneficial for salaried individuals. It also provides information on creating retirement corpuses, with calculations showing how a Rs 10 lakh investment can grow significantly. Moreover, it suggests investing via SIPs starting from Rs 1,947.
Market Movers & Metals
Analysts are recommending specific stocks for long-term investments, which includes largecap, midcap, and smallcap scrips. The price of Gold fell to Rs 1,00,200 and Silver declined to Rs 1,12,100, and city-wise rates are also available. Additionally, the market is also keenly looking at the upcoming Tata Capital IPO, a Tata Sons backed venture.
Vehicles and Ethanol
The article poses the question of whether blending petrol with 20% ethanol is safe for vehicles. While the Petroleum Ministry has issued guidelines on this matter, automakers and vehicle owners are opposing this decision. Furthermore, the article touches on Tata Motors, who are set to launch the Adventure X variants of Harrier and Safari models.
