Last Updated : September 19, 2024 / 06:03 IST
Moneycontrol Daily: Your Essential 7
Here are stories covering a range of topics to keep you informed, provide you with some insights, as you start your day. Read important details from each article and follow the provided links to read more about each story.
Big Story
One nation, one election gets Union Cabinet nod; Bill likely to be tabled in winter session
The Union Cabinet on September 18 cleared the 'One Nation, One Election' proposal. The 'One Nation, One Election' Bill is likely to be introduced in the upcoming Winter Session of Parliament, News18 reported citing sources. The development came after a report of the high-level committee, headed by former President Ram Nath Kovind, was placed before the Union Cabinet. Read here
Watch Out
Take a look at these key events
Today
World Bamboo Day
Popular Foundations SME IPO to close
Arkade Developers IPO to close
Northern Arc Capital IPO to close
Western Carriers India IPO to close
Oswal Devises IPO to close
Pelatro IPO to close
Reliance Infra board to meet for preferential issue
India to host 2nd edition of Global Food Regulators Summit from today
Honor 200 Lite launch in India
PM Modi to address rally in Srinagar
NEET UG Counselling 2024: Round 2 seat allotment result to be outTomorrow
National Cinema Day
SME IPOs: Avi Ansh Textile IPO, Avax Apparels And Ornaments IPO, SD Retail Logo IPO, and BikeWo GreenTech IPO to open for subscription
Paramount Speciality Forgings IPO to close
Sodhani Academy IPO listing
Envirotech Systems IPO to list on NSE
CAT 2024 Registration deadline
Mankind Pharma to consider fund raising plans
Reliance Industries deadline for final call on partly paid shares
Maha Assembly polls: MVA to discuss two seat-sharing formula
Himachal pensioners to stage statewide protest
PM Modi to visit Maharashtra's Wardha
iPhone 16 Pro India sales to begin
Stock Market Buzz
FACT, NFL, other fertiliser stocks zoom up to 9% as Cabinet approves Rs 24,475-cr subsidy for P&K fertilisers
Fertiliser stocks, including state-run National Fertilisers (NFL), Chambal Fertilisers, RCF and others zoomed up to 9 percent in September 18 trade after Union Cabinet approved Rs 24,475 crore subsidy on phosphatic and potassic (P&K) fertilisers for the rabi season of 2024-25. The Union Cabinet, chaired by Prime Minister Narendra Modi in Wednesday's cabinet meet approved the Nutrient Based Subsidy (NBS) rates for rabi season 2024 (from October 2024 to March 2025) on P&K fertilizers which will ensure supply of crop nutrients to farmers at affordable rates. Read here
MF Investments
Should first-time investors go for a 500-stock mutual fund scheme?
For first-time investors, who are new to the vagaries of the stock market, financial advisors often recommend diversified equity mutual funds as an instrument of investment. This strategy can act as a rite of passage for young investors who may not have been exposed to instruments other than traditional avenues such as fixed deposits or small saving schemes. A diversified investment strategy across market capitalisations can ensure balance between risk and return over a long term for a first-time investors' portfolio. But can buying a mutual fund scheme, which holds 500 stocks, add value for first-time investors? Read here
Your Money
Retirement planning in your 40s: Why this is the right time and here’s what you need to do
Retirement saving is a crucial concept of financial planning, especially if you are in your 40s. The typical retirement age in India is 60 years, which leaves an individual in his 40s with approximately 15-20 years to plan and save a sizable corpus for his second innings. It is important to strategically plan your retirement and live a financially secure life, after retirement. Read here to know why 40s is a good time to start.
Product Review
Asus Vivobook S 15 (S5507) Copilot+ PC review
Asus VivoBook S15 is the first Qualcomm powered Windows laptop in India. We reviewed it to find out whether it lives up to the hype of not.
Haryana Polls
Congress manifesto offers cheaper LPG, jobs, increased pensions
The Congress on Wednesday released its manifesto for the upcoming Haryana Assembly polls. The grand old party has announced seven guarantees in its election blueprint. Making the announcement, Congress President Mallikarjun Kharge outlined that the manifesto will focus on providing benefits to families, empowering women, supporting the youth, strengthening social security, and improving lives of backward classes, farmers, and the poor. Read more here
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